2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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RBI
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World Bank
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ADB
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Detailed explanation-1: -Benchmarking India’s Payment Systems- RBI Study Outcomes And Mid Term Market Perspectives. The Reserve Bank of India has released a detailed report on the state of payments in India.
Detailed explanation-2: -The Reserve Bank of India today released the report on Benchmarking India’s Payment Systems providing a comparative position of the payments ecosystem in India relative to other major countries.
Detailed explanation-3: -This exercise of benchmarking India’s payment systems aims to assess the progress of India’s payments ecosystem against other major countries as also ascertain the strengths and shortcomings of the Indian payments ecosystem.
Detailed explanation-4: -About NPCI Bharat BillPay Ltd. NPCI Bharat BillPay Ltd. is a wholly-owned subsidiary of National Payments Corporation of India.
Detailed explanation-5: -UPI: Revolutionizing Digital Payments UPI is an instant payment system developed by the National Payments Corporation of India (NPCI). It powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing and merchant payments into one hood.