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    Question

    Which of the following is not a payment product of

    NPCI?
    A UPI Correct Answer Incorrect Answer
    B RuPay Correct Answer Incorrect Answer
    C IMPS Correct Answer Incorrect Answer
    D RTGS Correct Answer Incorrect Answer
    E All are payment product of NPCI Correct Answer Incorrect Answer

    Solution

    NPCI was set up, with guidance and support of RBI and the Indian Banks' Association(IBA), as an umbrella organization for retail payments system in India.NPCI has rolled out a variety of innovative retail payment products viz., IMPS, RuPay card scheme, UPI, NACH, Aadhaar-enabled Payments System (AePS), Aadhaar Payments Bridge System (APBS), NETC, *99# (USSD based) and BBPS, etc. The RTGS (Real Time Gross Settlement) and NEFT (National Electronic Funds Transfer) payment systems directly fall under RBI.

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