| Consider the following statements: |
| 1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country. |
| 2. NPCI has launched Rupay, a card payment scheme. |
| Which of the statements given above is/are correct? |
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither1nor 2
Correct Answer: C
Solution :
Exp. [c] The core objective was to consolidate and integrate the multiple systems with varying service levels into nation-wide uniform and standard business process for all retail payment systems. The other objective was to facilitate an affordable payment mechanism to benefit the common man across the country and help financial inclusion. RuPay, a new card payment scheme launched by the National Payments Corporation of India (NPCI).
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