To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________

Question

TuteeHUB · Accepted Answer

Foreign Exchange Management Act, 1999

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Payment and Settlement Systems (PSS) Act 2007.

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Banking Regulation Act, 1949

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SARFAESI Act, 2002

1.	To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________
A.	Payment and Settlement Systems (PSS) Act 2007.
B.	Foreign Exchange Management Act, 1999
C.	Banking Regulation Act, 1949
D.	SARFAESI Act, 2002
Answer» B. Foreign Exchange Management Act, 1999

Discussion