Fill the gaps in the authorisation rules

Exercise and reference answers

Missing parts

1. Answer

   PSS Act

   Choices

   1. PSS Act
   2. BR Act
   3. RBI Act

2. Answer

   perpetual

   Choices

   1. perpetual
   2. provisional
   3. annual

3. Answer

   20 per cent

   Choices

   1. 20 per cent
   2. 10 per cent
   3. 50 per cent

4. Answer

   one year

   Choices

   1. one year
   2. two years
   3. five years

Complete the statement

Authorisation comes under the {0}. It is granted on a {1} basis. Fresh money from a non-compliant jurisdiction must stay under {2}. The cooling period runs {3}.

Instructions

Tap a phrase to drop it into the empty slot.

Explanation