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    Question

    What is the purpose of the open-source project 'Flacon' launched by the National Payments Corporation of India (NPCI)?

    A To develop a new digital payment system Correct Answer Incorrect Answer
    B To create a simple way for cryptocurrency Correct Answer Incorrect Answer
    C To simplify the management and use of blockchain Correct Answer Incorrect Answer
    D To launch a mobile banking app Correct Answer Incorrect Answer
    E To establish a national credit bureau Correct Answer Incorrect Answer

    Solution

    National Payments Corporation of India (NPCI) launched the open-source project 'Flacon' with the aim of simplifying the management and use of blockchain technology.

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