The 'National Payments Corporation of India' operates which of the following? MCQ with Answer and Explanation

The 'National Payments Corporation of India' operates which of the following?
A. UPI and RuPay
B. NSE
C. IRDAI
D. BSE
Answer: Option A
Solution (By JKSSB Mock Tests)
NPCI operates retail payment systems such as UPI, RuPay, NACH and IMPS.

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
The Laffer Curve illustrates the relationship between:
A. Interest rates and investment
B. Money supply and inflation
C. Inflation and unemployment
D. Tax rates and tax revenue

Correct Answer: Option D


Explanation:
The Laffer Curve shows that beyond a certain point, increasing tax rates may lead to a decrease in total tax revenue due to reduced economic activity and tax evasion.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a major source of agricultural credit in India?
A. Foreign institutional investors only
B. Mutual funds
C. Commercial banks, cooperative banks and Regional Rural Banks
D. Stock exchanges

Correct Answer: Option C


Explanation:
Institutional agricultural credit in India is primarily provided by commercial banks, cooperative banks and Regional Rural Banks, with refinancing support from NABARD.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'International Monetary Fund' was established in 1944 but began operations in which year?
A. 1947
B. 1950
C. 1952
D. 1945

Correct Answer: Option A


Explanation:
The IMF began operations in 1947.

This question belongs to: Economy GK Economy Set 1