Question
Consider the following statements:
Which of the statements given above is/are correct?
- National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country.
- NPCI has launched RuPay, a card payment scheme.
Which of the statements given above is/are correct?
Answer: Option A
Answer: (a)
NPCI is a not-for-profit company formed by various banks, with the primary objective of providing cost-effective payment solutions to the banks.
NPCI’s solutions such as IMPS, BHIM, RuPay, AEPS etc. have indeed helped in financial inclusion. So first is correct and second is correct- NPCI launched Rupay card in 2012, as the 7th payment gateway in the world.
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Answer: (a)
NPCI is a not-for-profit company formed by various banks, with the primary objective of providing cost-effective payment solutions to the banks.
NPCI’s solutions such as IMPS, BHIM, RuPay, AEPS etc. have indeed helped in financial inclusion. So first is correct and second is correct- NPCI launched Rupay card in 2012, as the 7th payment gateway in the world.
Was this answer helpful ?
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