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A PSO that fails to comply within a reasonable time after one-year renewals may have its authorisation:
ASold off
BWithdrawn
CDoubled up
DExtended
Answer & Solution
Correct answer: B. Withdrawn
1. Non-compliant PSOs get one-year renewals to fix things.
2. If they still fail, RBI acts.
3. The authorisation may be withdrawn.
_Source: RBI Master Directions on Authorisation to operate a Payment System._
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