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

Practice Next

More Previous Year Paper Questions

In the January 2024 circular on bulk deposits, which tier of UCBs has a revised bulk deposit threshold set at ₹1 crore?
What is the appropriate method for calculating the cost of inventory when there are significant fluctuations in purchase prices?
What is the term used to describe the agencies that assist investors in making investments in shares, debentures, mutual funds, and other financial inst...
How much did the Reserve Bank of India approve to transfer as a dividend to the Government of India for FY24?
Ratio of net profit before interest and tax to sales is :
What is the annual premium for Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
According to the RBI’s guidelines on the Sovereign Gold Bond (SGB) Scheme, what discount is provided to investors who apply online and make payments t...
Which of the following statements are not correct:

1. Project Design and network analysis refers to detailed work plan to the project and i...
Which of the following Schemes allows the retail investors to Open & maintain retail Gilt account with RBI?
If two alternative proposals are such that the acceptance of one shall exclude the possibility of the acceptance of another then such decision making w...

Relevant for Exams:

UPSC EO/AO

Consider the following statements : Statement

Solution

Relevant for Exams: