UPSC CSE Prelims

Correct Option: A Explanation: The RBI’s 2018 payment-data-localisation directive required Indian storage of payment-system data. Systems did not need public ownership, and compliance audits were to be reported to RBI, not the CAG. Statement / Pair Analysis: 1 (Correct): Payment system providers were required to store the entire relevant payment-system data only in systems in India, subject to specified exceptions. 2 (Incorrect): No requirement existed that payment systems be owned/operated by public-sector enterprises. 3 (Incorrect): The system audit report was to be submitted to RBI under the directive, not the CAG. Option-wise Analysis: A (Correct): Includes all and only the true statements/pairs. B (Incorrect): It includes false item 2 (No requirement existed that payment systems be owned/operated by public-sector enterprises). C (Incorrect): It includes false item 3 (The system audit report was to be submitted to RBI under the directive, not the CAG); omits true item 1 (Payment system providers were required to store the entire relevant payment-system data only in…). D (Incorrect): It includes false item 2 (No requirement existed that payment systems be owned/operated by public-sector enterprises); includes false item 3 (The system audit report was to be submitted to RBI under the directive, not the CAG). Review Note: Explanations refer to the text and scope of the 2018 RBI directive, not later regulatory changes.