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UPSC 2017: Consider the following statements: 1. The National Payments Corporation of India (NPCI) helps in promoting financial inclusion in the country. 2. NPCI has launched RuPay, a card payment scheme. Which of the above statements is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
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Not attemptedCorrect Answer: (c) Both 1 and 2
The National Payments Corporation of India (NPCI) is the umbrella organisation mandated by RBI to develop and operate India’s retail payment and settlement systems, confirming statement 1. NPCI also conceived and launched the domestic card network ‘RuPay’, confirming statement 2. Therefore both statements are correct. ([en.wikipedia.org](https://en.wikipedia.org/wiki/National_Payments_Corporation_of_India?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2017 Indian Economy question?▼
The correct answer is option (c): Both 1 and 2. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Digital Payments & Financial Inclusion question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2017, GS Paper 1, as Question 79. It falls under Indian Economy > Digital Payments & Financial Inclusion.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from Digital Payments & Financial Inclusion?▼
UPSC has asked 20 questions from Digital Payments & Financial Inclusion (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.