BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Under which act NPCI was incorporated as a Section 8?
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Banking Regulation Act, 1949
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Companies Act 2013
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Reserve Bank of India Act, 1934
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Societies Registration Act, 1860
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Explanation:
Detailed explanation-1: -This organisation was founded in the year 2008 under the Payment and Settlement Systems Act, 2007. NPCI has been incorporated as a ‘not for profit’ company under section 8 of Companies Act 2013.
Detailed explanation-2: -National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India.
Detailed explanation-3: -National Payments Corporation OF India is a Non-govt company, incorporated on 19 Dec, 2008.
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