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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 Correct Answer Incorrect Answer
B Both statement I and statement II are correct and statement II is not the correct explanation for statement I Correct Answer Incorrect Answer
C Statement I is correct but statement II is incorrect Correct Answer Incorrect Answer
D Statement I is incorrect but statement II is correct Correct Answer Incorrect Answer

Solution

The correct answer is D

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