Economics · Banking and Digital Payments
With reference to the National Payments Corporation of India (NPCI), consider the following statements: I. It is registered as a not-for-profit company under the Companies Act. II. It functions under the regulatory oversight of the Reserve Bank of India. III. It operates retail payment systems such as UPI and IMPS. IV. It is constitutionally established under an Act of Parliament. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II, III and IV
- 2I and III only
- 3II and IV only
- 4I, II and III only✓
Correct answer
I, II and III only
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