Civil Services Punjab State Civil Services CCE 2025 Current Affairs Business and Economy Banking Affairs
Consider the following statements with reference to Positive Pay System launched by the RBI.
1. In this system, the issuer will be able to send all details to their bank, thereby ensuring faster clearance of cheques which are only below Rs. 20,000
2. It will make Cheque payments safer and reduces instances of fraud.
Choose correct statements.
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2