Pick the right answer, quickly

Exercise and reference answers

Questions

1. Question

   Payment systems are authorised under:

   Choices

   1. PSS Act, 2007
   2. BR Act, 1949
   3. RBI Act, 1934

   Correct choice

   PSS Act, 2007

2. Question

   New authorisations are valid:

   Choices

   1. One year
   2. Five years
   3. Perpetually

   Correct choice

   Perpetually

3. Question

   FATF publishes how many lists?

   Choices

   1. Two
   2. Three
   3. Four

   Correct choice

   Two

4. Question

   Non-compliant fresh money stays under:

   Choices

   1. 10 per cent
   2. 20 per cent
   3. 40 per cent

   Correct choice

   20 per cent

5. Question

   A lagging operator gets renewals of:

   Choices

   1. One year
   2. Three years
   3. Five years

   Correct choice

   One year

Instructions

Tap the correct answer before the round moves on.

Explanation