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During a cooling period an entity may not submit an application to:
AOverhaul a system
BOutsource a system
COriginate a system
DOperate a system
Answer & Solution
Correct answer: D. Operate a system
1. The bar covers any payment system under the PSS Act.
2. It runs for the whole of the cooling period.
3. The entity may not apply to operate one.
_Source: RBI Master Directions on Authorisation to operate a Payment System_
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