UPSC Previous Year Question | Prelims GS | 2017

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?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer

Correct Answer

Both 1 and 2

Explanation

NPCI, as the umbrella body for retail payment systems in India, promotes financial inclusion (statement 1 correct) and has indeed launched RuPay, India's own domestic card payment network (statement 2 correct).

Topics: digital payments infrastructure, economy, national payments corporation of india, npci role and rupay