Consider the following statements:

  1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country
  2. NPCI has launched RuPay, a card payment scheme.

Which of the statements given above is/are correct?

[UPSC Civil Services Exam – 2017 Prelims]

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither1 nor 2


Answer: (c)        

Explanation:

  • The National Payments Corporation of India (NPCI) serves as a central organization responsible for managing retail payments and settlement systems, with the aim of fostering financial inclusion throughout India.
  • It is a joint effort by the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA).
  • Established under the Payment and Settlement Systems Act of 2007, the NPCI aims to develop a resilient infrastructure for efficient payment and settlement processes in the country.

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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