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    Question

    Consider the following statements :

    Statement I:

    In India, the RTGS and NEFT payment systems are owned and operated by National Payment Corporation of India.

    Statement II:

    National Payment Corporation of India is an entity promoted by banks.

    Which of the following is correct in respect of the above statements?

    A Both statement I and statement II are correct and statement II is the correct explanation for statement I Correct Answer Incorrect Answer
    B Both statement I and statement II are correct and statement II is not the correct explanation for statement I Correct Answer Incorrect Answer
    C Statement I is correct but statement II is incorrect Correct Answer Incorrect Answer
    D Statement I is incorrect but statement II is correct Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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