UPSC Prelims 2019 · GS Paper 1 · Q17
Economy
Hard · RBI Directive on Storage of Payment System Data
Consider the following statements regarding the RBI's directive on storage of payment system data:
1. Payment system data relating to Indian transactions must be stored only in India.
2. Every payment system provider must be owned and operated by a public sector entity.
3. Payment system providers must submit their data storage audit report to the Comptroller and Auditor General.
Which of the statements given above is/are correct?