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    Question

    Who is the Chairman of Board for Regulation and

    Supervision of Payment and Settlement Systems (BPSS)?   
    A Urjit R. Patel Correct Answer Incorrect Answer
    B Arvind Subramanian Correct Answer Incorrect Answer
    C Viral V. Acharya Correct Answer Incorrect Answer
    D B. P. Kanungo Correct Answer Incorrect Answer
    E Vinod Rai Correct Answer Incorrect Answer

    Solution

    Primary objective of BFS is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies. The Board is constituted by co-opting four Directors from the Central Board as members for a term of two years and is chaired by the Governor. The Deputy Governors of the Reserve Bank are ex-officio members. One Deputy Governor, usually, the Deputy Governor in charge of banking regulation and supervision, is nominated as the Vice-Chairman of the Board.

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