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    Question

    What is the primary function of the National

    Payments Corporation of India (NPCI)?
    A Regulating insurance companies Correct Answer Incorrect Answer
    B Overseeing credit rating agencies Correct Answer Incorrect Answer
    C Facilitating electronic payments and settlement systems Correct Answer Incorrect Answer
    D Monitoring foreign exchange transactions Correct Answer Incorrect Answer

    Solution

    The NPCI is responsible for the development and operation of electronic payment and settlement systems in India, including the Unified Payments Interface (UPI) and other retail payment systems.

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