Economics · Banking and Finance
Which of the following statements represents an INCORRECT fact regarding the Unified Payments Interface (UPI)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1It was officially launched by NPCI and pilot-released on 11 April 2016.
- 2The complete full form of the acronym UPI is Uniform Payment Interface.✓
- 3It was developed entirely by the National Payments Corporation of India (NPCI).
- 4It is a mobile-platform-based instant real-time payment system interface.
Correct answer
The complete full form of the acronym UPI is Uniform Payment Interface.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking and Finance MCQs →Want more practice questions on Banking and Finance?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Banking and Finance