Civil Services Prep

Prelims 2017 · Economy · Question 29

Consider the following statements: 1. National Payment Corporation of India (NPCI) helps in promoting the financial inclusion in the country. 2. NPCI has launched RuPay, a card payment scheme. Which of the statements given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer

Both 1 and 2

1. Correct. NPCI operates retail payment systems like UPI, AEPS, IMPS and RuPay, which expand digital payments and support financial inclusion.
2. Correct. RuPay is India’s domestic card payment scheme launched by NPCI.
Therefore, both statements are correct.

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