BANK IBPS SO Mock Test (Pre + Mains) 2024 Current Affairs Business and Economy Economic and Financial Affairs

Which of the following statements are correct regarding the penalties imposed by the Reserve Bank of India (RBI) on payment system operators?

  1. Manappuram Finance was fined Rs 41.5 lakh for non-compliance with certain directions of the Know Your Customer (KYC) guidelines.
  2. Ola Financial Services faced a total penalty of Rs 87.55 lakh, which includes fines for both KYC guideline non-compliance and contraventions related to Prepaid Payment Instruments (PPIs).
  3. Visa Worldwide was penalized Rs 2.40 crore for implementing a payment authentication solution without obtaining regulatory clearance.

1
Only statement 1 is correct.
2
Only statements 1 and 2 are correct.
3
Only statements 2 and 3 are correct.
4
All statements are correct.
5
None of the statements are correct.
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