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    Question

    National Payments Corporation of India (NPCI) is an

    umbrella organization for all retail payments in India  & was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks Association (IBA).When was NPCI launched ?
    A 2006 Correct Answer Incorrect Answer
    B 2008 Correct Answer Incorrect Answer
    C 2007 Correct Answer Incorrect Answer
    D 2009 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The National Payments Corporations of India (NPCI) is an umbrella organization launched in 2008 by the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007.

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