Current Affairs · Centralised Payment Systems
Consider the following statements regarding the Centralised Payment System (CPS) and its recent developments: A. PayPoint India Network has become the first private-sector fintech to gain membership in the Centralised Payment System (CPS) operated by the Reserve Bank of India. B. In the CPS, Real Time Gross Settlement (RTGS) supports smaller, retail payments processed in batches, while National Electronic Funds Transfer (NEFT) handles large-value, real-time transactions. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A only✓
- 2B only
- 3Both A and B
- 4Neither A nor B
Correct answer
A only
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