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    Question

    Which of these are covered under Regulated Entities (RE):

    1. All India Financial Institutions (AIFIs)

    2. All Non-Banking Finance Companies (NBFCs), 

    3. All Payment System Providers (PSPs)/ System Participants (SPs) 

    4. All authorised persons (APs) including those who are agents of Money Transfer Service Scheme (MTSS), regulated by the Regulator.

    A 1 Correct Answer Incorrect Answer
    B 1,2 Correct Answer Incorrect Answer
    C 3,4 Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer
    E All of the above. Correct Answer Incorrect Answer

    Solution

    Regulated Entities” (REs) means a.all Scheduled Commercial Banks (SCBs)/ Regional Rural Banks (RRBs)/ Local Area Banks (LABs)/ All Primary (Urban) Co-operative Banks (UCBs) /State and Central Co-operative Banks (StCBs / CCBs) and any other entity which has been licenced under Section 22 of Banking Regulation Act, 1949, which as a group shall be referred as ‘banks’  b.All India Financial Institutions (AIFIs) c.All Non-Banking Finance Companies (NBFCs), Miscellaneous Non-Banking Companies (MNBCs) and Residuary Non-Banking Companies (RNBCs). d.All Payment System Providers (PSPs)/ System Participants (SPs) and Prepaid Payment Instrument Issuers (PPI Issuers) e.All authorised persons (APs) including those who are agents of Money Transfer Service Scheme (MTSS), regulated by the Regulator.

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