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    Question

    Which institution operates TIPS, the instant payment

    system being linked with UPI?
    A World Bank Correct Answer Incorrect Answer
    B Eurosystem Correct Answer Incorrect Answer
    C European Parliament Correct Answer Incorrect Answer
    D Eurostat Correct Answer Incorrect Answer
    E European Investment Bank Correct Answer Incorrect Answer

    Solution

    TIPS (TARGET Instant Payment Settlement) is clearly described as the Eurozone’s instant payment system operated by the Eurosystem. The Eurosystem includes the European Central Bank and national central banks of euro-area members. The other organisations listed in the options do not operate TIPS and are not mentioned in the information.

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