technology medium Fill in the Blank

The Indian regulatory body responsible for overseeing digital payment systems is ________.

  1. RBI
  2. O(1)
  3. O-RAN
  4. SSH

Answer: RBI

Reserve Bank of India (RBI) regulates payment systems under Payment and Settlement Systems Act 2007. Oversees UPI, cards, wallets, PPIs, and fintech innovations. Issues guidelines for security, interoperability, and consumer protection. Critical for banking and fintech policy questions.

Topic Tech Policy & Regulation
Exam Relevance Banking, UPSC, SSC
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