{"id":13082,"date":"2016-07-02T12:20:43","date_gmt":"2016-07-02T12:20:43","guid":{"rendered":"https:\/\/www.edristi.in\/?p=13082"},"modified":"2016-07-02T12:20:43","modified_gmt":"2016-07-02T12:20:43","slug":"payment-settlement-systems-india-vision-2018","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/payment-settlement-systems-india-vision-2018\/","title":{"rendered":"Payment and Settlement Systems in India: Vision-2018"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: Who among the following has published \u201cPayment and Settlement Systems in India: Vision-2018\u201d?<\/strong><br \/>\n(a) Reserve Bank of India<br \/>\n(b) Ministry Of Finance<br \/>\n(c) NITI Ayog<br \/>\n(d) Ministry of Commerce and Industry<br \/>\n<strong>Ans: (a)<\/strong><br \/>\n<strong>Related facts:<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\">On 23 June 2016 RBI published vision document named \u201cPayment and Settlement Systems in India: Vision-2018\u201d.<\/li>\n<li style=\"text-align: justify;\">The Vision-2018 aims at building best of class payment and settlement systems for a \u2018less-cash\u2019 India.<\/li>\n<li style=\"text-align: justify;\">The broad contours of Vision-2018 revolve around 5 Cs \u2013 coverage, convenience, confidence, convergence and cost.<\/li>\n<li style=\"text-align: justify;\">To achieve these, Vision-2018 will focus on four strategic initiatives such as responsive regulation, robust infrastructure, effective supervision and customer centricity.<\/li>\n<li style=\"text-align: justify;\">The Vision Document for emphasized on use of electronic payment options for Payment and Settlement rather than in cash.<\/li>\n<li style=\"text-align: justify;\">With increasing use of technology-based innovative payment products, the strategic initiatives under Vision-2018 are expected to reduce paper-based instruments significantly and lead to accelerated growth in mobile banking and other modes of electronic payments.<\/li>\n<\/ul>\n<p><strong>Reference:<\/strong><br \/>\n<a href=\"https:\/\/rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=37308\" target=\"_blank\">https:\/\/rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=37308<\/a><br \/>\n<a href=\"http:\/\/indianexpress.com\/article\/business\/economy\/rbi-unveils-game-plan-for-a-less-cash-economy\/\" target=\"_blank\">http:\/\/indianexpress.com\/article\/business\/economy\/rbi-unveils-game-plan-for-a-less-cash-economy\/<\/a><br \/>\n<a href=\"http:\/\/www.indiainfoline.com\/article\/news-top-story\/rbi-publishes-%E2%80%9Cpayment-and-settlement-systems-in-india-vision-2018%E2%80%9D-116062400292_1.html\" target=\"_blank\">http:\/\/www.indiainfoline.com\/article\/news-top-story\/rbi-publishes-%E2%80%9Cpayment-and-settlement-systems-in-india-vision-2018%E2%80%9D-116062400292_1.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Who among the following has published \u201cPayment and Settlement Systems in India: Vision-2018\u201d? (a) Reserve Bank of India (b) Ministry Of Finance (c) NITI Ayog (d) Ministry of Commerce and Industry Ans: (a) Related facts: On 23 June 2016 RBI published vision document named \u201cPayment and Settlement Systems in India: Vision-2018\u201d. The Vision-2018 aims [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":13083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-13082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/13082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=13082"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/13082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/13083"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=13082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=13082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=13082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}