Which one of the following links all the ATMs in India?

[UPSC Civil Services Exam – 2018 Prelims]

(a) Indian Banks’ Association

(b) National Securities Depository Limited

(c) National Payments Corporation of India

(d) Reserve Bank of India


Answer: (c)        

Explanation:

  • The National Payments Corporation of India (NPCI) was established in 2008 with the purpose of managing retail payments in India.
  • NPCI carries out its responsibilities through its wing known as IDRBT (Institute for Development and Research in Banking Technology).
  • In 2004, IDRBT developed the National Financial Switch, a vast network designed to interconnect all ATMs across India.
  • The NPCI offers a range of services, including Rupay (a domestic card scheme), BHIM (Unified Payment Interface), Check Truncation System, and Aadhaar-enabled Payment System.

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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