CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
B. Sambamurthy appointed as NPCI interim chairman. What is the full form of NPCI?
A
National Payments Collaboration of India
B
National Payments Collection of India
C
National Payments Corporation of India
D
National Payments Commission of India
Explanation: 

Detailed explanation-1: -BENGALURU: The Board of National Payments Corporation of India (NPCI), the umbrella organisation for all retail payment systems in the country, today announced the unanimous appointment of B Sambamurthy as interim Chairman of the Board.

Detailed explanation-2: -National Payments Corporation of India (NPCI) has developed the National Electronic Toll Collection (NETC) program to meet the electronic tolling requirements of the Indian market.

Detailed explanation-3: -Mr. Biswamohan Mahapatra, is the Non-Executive Chairman of NPCI. Mr.

Detailed explanation-4: -NPCI provides online transaction routing, processing and settlement services to members participating in UPI. NPCI can, either directly or through a third party, conduct audit on UPI participants and call for data, information and records, in relation to their participation in UPI.

Detailed explanation-5: -National Payments Corporation OF India is a Non-govt company, incorporated on 19 Dec, 2008.

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