Which institution authorizes all Pre-paid Instruments (PPI) in India?

1. 

Which institution authorizes all Pre-paid Instruments (PPI) in India?
[A]. RBI
[B]. Finance Ministry
[C]. NPCI
[D]. Enforcement Directorate

Answer: Option A

Explanation:

The Reserve bank of India authorizes all Pre-paid Instruments (PPI) in India, under the powers conferred under the Payment and Settlement Systems Act, 2007 (PSS Act).
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