Question
Which of the following Statements about NPCI is/are
True? I- It was established in 2014. II- NPCI is an initiative taken by the Reserve Bank of India (RBI) and Indian Bank’s Association (IBA) to operate the retail payments and settlement systems in India. III- No Commercial banks act as a promoter of NPCI.Solution
The National Payments Corporation of India (NPCI) is an initiative taken by the Reserve Bank of India (RBI) and Indian Bank’s Association (IBA) to operate the retail payments and settlement systems in India. This organisation was founded in the year 2008 under the Payment and Settlement Systems Act, 2007. NPCI has been incorporated as a ‘not for profit’ company under section 8 of Companies Act 2013. NPCI is promoted by ten major promoter banks: State Bank of India Punjab National Bank Canara Bank Bank of Baroda Union Bank of India Bank of India ICICI Bank HDFC Bank Citibank HSBC
A policy that covers jewellers against various risks, including theft, robbery, and damage to jewellery, is:
What is a coverage for bodily injury or property damage caused by an intoxicated person who was served liquor by the policyholder?
Which of the following terms is NOT associated with insurance?
How many maximum children from a family are covered for the benefits under the ShikshaSahyogYojana launched by the LIC ?
Any such transaction, in which any property is transferred in the name of one person and payment is made by another person is known as?
 Which of the following CANNOT be undertaken as a function by the India Post Payment Bank?
Who has been elected as the president of Auto industry body 'Society of Indian Automobile Manufacturers' (SIAM) for 2022-23?
A demand made by the insured, or the insured’s beneficiary, for payment of the benefits as provided by the policy is known as?
What is a type of reinsurance in which the reinsurer can accept or reject any risk presented by an insurance company seeking reinsurance?
A standing agreement between insurers and reinsurers. Under a treaty each party automatically accepts a specific percentage of the insurer’s business ...
Relevant for Exams:
