BANK SBI PO Mock Test Series 2025 (Pre + Mains) Current Affairs Business and Economy Banking Affairs
Consider the following statements regarding recent developments announced by the Reserve Bank of India (RBI) in January 2025:
-
Under the tightened norms, RBI can impose a penalty not exceeding Rs 5 lakh under Section 30 of the PSS Act.
-
The compounding or penalty amount must be paid within 30 days from the date of receipt of the order.
-
As per the Payment System Report 2024, digital transaction volume increased 94 times from CY2013 to CY2024.
Which of the above statements is/are correct?
1
Only 1 and 3
2
Only 1 and 2
3
Only 2 and 3
4
Only 3
5
None of the above