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    Question

    The Reserve Bank of India (RBI) recently joined forces

    with the Bank for International Settlements (BIS) and central banks of four ASEAN countries to collaborate on a project aimed at enabling retail cross-border payments. What is the name of this project?
    A Project Collab Correct Answer Incorrect Answer
    B Project Link Correct Answer Incorrect Answer
    C Project Nexus Correct Answer Incorrect Answer
    D Project Connect Correct Answer Incorrect Answer
    E Project Bridge Correct Answer Incorrect Answer

    Solution

    Project Nexus aims to create a seamless cross-border payment system, enhancing financial inclusion and reducing transaction costs.

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