Question
Which of the following Statements about NPCI is/are
True? I- It was established in 2014. II- NPCI is an initiative taken by the Reserve Bank of India (RBI) and Indian Bank’s Association (IBA) to operate the retail payments and settlement systems in India. III- No Commercial banks act as a promoter of NPCI.Solution
The National Payments Corporation of India (NPCI) is an initiative taken by the Reserve Bank of India (RBI) and Indian Bank’s Association (IBA) to operate the retail payments and settlement systems in India. This organisation was founded in the year 2008 under the Payment and Settlement Systems Act, 2007. NPCI has been incorporated as a ‘not for profit’ company under section 8 of Companies Act 2013. NPCI is promoted by ten major promoter banks: State Bank of India Punjab National Bank Canara Bank Bank of Baroda Union Bank of India Bank of India ICICI Bank HDFC Bank Citibank HSBC
Which of the following is the unit of water use efficiency?
Farming systems that are based on the investment of capital in land and technology and operated with the intent of maximizing profits through large-scal...
The alary muscles in insects serve what physiological function?
Objectives of monetary policy include:
Which of the following packaging materials is not considered environmentally sustainable for fresh produce?
The Agricultural Prices Commission (now known as the Commission for Agricultural Costs and Prices) was established in:
Scientific name of grape is:
Which factors are most important in determining the water- holding capacity of soil?
Proper time of sowing hybrid maize is:
National Institute of Nutrition (NIN) is based atÂ
Relevant for Exams:
