The Payments Regulatory Board (PRB), which regulates payment systems in India, has how many members, and who heads it?
- A4 members, headed by the CEO of NPCI
- B5 members, headed by the Finance Secretary
- C6 members, headed by the RBI Governor
- D9 members, headed by a Deputy Governor of the RBI
Show answer and explanation
Correct answer: (c) 6 members, headed by the RBI Governor
Explanation
The PRB has 6 members and is chaired by the RBI Governor. It replaced the Board for Regulation and Supervision of Payment and Settlement Systems.