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Current Affairs·Easy

Consider the following statements : The Reserve Bank of India's recent directives relating to 'Storage of Payment System Data', popularly known as data diktat, command the payment system providers that 1. they shall ensure that entire data relating to payment systems operated by them are stored in a system only in India 2. they shall ensure that the systems are owned and operated by public sector enterprises 3. they shall submit the consolidated system audit report to the Comptroller and Auditor General of India by the end of the calendar year Which of the statements given above is/are correct?

Consider the following statements : The Reserve Bank of India's recent directives relating to 'Storage of Payment System Data', popularly known as data diktat, command the payment system providers that
1. they shall ensure that entire data relating to payment systems operated by them are stored in a system only in India
2. they shall ensure that the systems are owned and operated by public sector enterprises
3. they shall submit the consolidated system audit report to the Comptroller and Auditor General of India by the end of the calendar year
Which of the statements given above is/are correct?

Options

  1. a.

    1 only

    Correct answer
  2. b.

    1 and 2 only

  3. c.

    3 only

  4. d.

    1, 2 and 3

Explanation

The Storage of Payment System Data directive issued by RBI requires all System Providers to ensure that the entire data relating to payment systems operated by them are stored in a system in India only. Also, System Providers shall provide a System Audit Report (SAR) and the audit should be conducted by CERT-IN empaneled auditors.

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