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The Reserve Bank of India signed an MoU on payment systems cooperation with the central bank of which country?

1. Malaysia
2. UAE
3. Singapore
4. Japan

Correct answer: Singapore

Solution

The Reserve Bank of India and the Monetary Authority of Singapore (MAS) signed an MoU to link India's UPI with Singapore's PayNow real-time payment system, enabling cross-border payments between the two countries.

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