Question

Consider the following statements : Statement

I: In India, the RTGS and NEFT payment systems are owned and operated by National Payment Corporation of India. Statement II: National Payment Corporation of India is an entity promoted by banks. Which of the following is correct in respect of the above statements?

A Both statement I and statement II are correct and statement II is the correct explanation for statement I

B Both statement I and statement II are correct and statement II is not the correct explanation for statement I

C Statement I is correct but statement II is incorrect

D Statement I is incorrect but statement II is correct

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UPSC EO/AO

Consider the following statements : Statement

Solution

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