Correct answer: (a) 1 only
Explanation
- A
1 only
(a) 1 only. RBI’s 2018 storage circular requires payment-system data to be stored in India (end-to-end transaction details). It does not require the systems to be owned by public-sector enterprises, nor a consolidated audit report to CAG by 31 December. Only statement 1 is correct. Official key.
- B
1 and 2 only
(b) 1 and 2 only. PSU ownership of payment systems is not the diktat. Not the key.
- C
3 only
(c) 3 only. The audit trail goes to RBI, not to CAG on a 31 December mandate as stated. Not the key.
- D
1, 2 and 3
(d) 1, 2 and 3. Statements 2 and 3 fail. Not the key.
Summary. Official key is (a). Data localisation for payment systems is the core of the 2018 RBI circular. Ownership need not be public-sector, and CAG is not the named auditor of that circular. Honour (a).
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