Economics · Economy
Consider the following statements: Statement I: In India, the RTGS and NEFT payment systems are owned and operated by the National Payments Corporation of India (NPCI). Statement II: The National Payments Corporation of India (NPCI) is an entity promoted by a consortium of banks. Which of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are correct and Statement II is the correct explanation for Statement I
- 2Both Statement I and Statement II are correct and Statement II is not the correct explanation for Statement I
- 3Statement I is correct but Statement II is incorrect
- 4Statement I is incorrect but Statement II is correct✓
Correct answer
Statement I is incorrect but Statement II is correct
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