GyanGramConsider the following statements: 1. National Payments Corporation of India (NPCI) helps in promoting financ…
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Consider the following statements:
1. National Payments Corporation of India (NPCI) helps in promoting financial inclusion in the country.
2. NPCI has launched RuPay, a card payment scheme.
Which of the statements given above is/are correct?
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• Correct Answer: C
• NPCI is the umbrella organization for retail payment systems, established to consolidate and standardize affordable payment mechanisms for financial inclusion.
• RuPay is its indigenous card payment scheme launched in 2012 as a domestic alternative to Visa/Mastercard.
• Option D is incorrect because both statements are factually correct.
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