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The capital requirement for a payment system is set by:
AThe applicant's own choice
BThe state government
CThe system-specific directions
DA single flat figure for all
Answer & Solution
Correct answer: C. The system-specific directions
1. Different payment systems carry different capital needs.
2. Each has its own guidelines or directions.
3. The figures are on the RBI website.
_Source: RBI Master Directions on Authorisation to operate a Payment System._
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