Question
The National Payments Corporation of India (NPCI) has
incorporated NBSL as its wholly owned subsidiary. In this context, what does the letter ‘B’ stand for in NBSL? (August 2024)Solution
The letter ‘B’ in NBSL stands for "BHIM". • NBSL: NPCI BHIM Services Ltd. is a subsidiary of NPCI, where "BHIM" refers to Bharat Interface for Money, a digital payment application that facilitates simple and quick transactions. • Objective: The incorporation of NBSL is aimed at addressing the growing demand for digital payments, supporting innovation, and promoting financial inclusion. About NPCI: • Established in 2008 as the umbrella organization for retail payments and settlement systems in India. • Products: NPCI offers a range of services, including UPI, RuPay, IMPS, and BHIM, to promote secure and efficient digital payments. • Mission: NPCI is focused on driving India toward a fully digital economy by providing affordable, accessible payment infrastructure.
Who among the following was India's defence minister during the 1971 war between India and Pakistan?
Which Article of the Indian Constitution deals with the provision of protection of monuments and places and objects of national importance?
Which Union Ministry announced the launch of the 'Amazon Future Engineer Programme?'
Google, in partnership with the Railway's telecom wing Rail Tel, introduced the first public Wi-Fi service at the _____________ railway station.
To whom does NABARD extend refinance assistance?
Which Supreme Court case in 2024 was related to environmental clearance and impact assessments?
Which traditional dye-painted figurative and patterned textile received the Geographical Indication (GI) tag in 2021?
What is the term used for special arrangement allowing citizens to travel by air between specified nations without having the need to undergo on-arrival...
 Consider the following statements:
1.The Bhagavad Gita is part of the Mahabharata and is a dialogue between Krishna and Arjuna.
2.Shanka...
The book ‘One Arranged Murder’ is written by _______.