BANK SBI PO Mock Test Series 2025 (Pre + Mains) Banking and Financial Awareness Basic Banking Concepts
Money Transfer Service Scheme(MTSS) is a quick and easy way for transferring personal remittances from abroad to beneficiaries in India. Which of the following act gives the Reserve Bank of India the power to give necessary authorization to any person to act as an Indian Agent?
1
The Payment and Settlement Systems Act, 2007
2
Negotiable Instruments (Amendment) Act, 2015
3
The Reserve Bank of India Act, 1934
4
The Foreign Exchange Management Act, 1999
5
The Banking Regulation Act, 1949