INNOVATION AND CREATIVITY
INNOVATION IN ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Peter Thiel
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National Payments Corporation of India
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Vijay Shekhar Sharma
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Elon Musk
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Detailed explanation-1: -The RuPay scheme was launched on 26 March 2012. RuPay was dedicated to India on 8 May 2014, by the then President of India, Pranab Mukherjee, at the Rashtrapati Bhavan in New Delhi.
Detailed explanation-2: -A product of National Payments Corporation of India (NPCI) The provision under the Payment and Settlement Systems Act, 2007, empowered the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) to create a secure electronic payment and settlement system in India.
Detailed explanation-3: -Canara Bank in collaboration with National Payments Corporation of India (NPCI) launched the Rupay Credit Card through UPI using the BHIM app.
Detailed explanation-4: -The National Payments Corporation of India (NPCI) partnered with private lender YES Bank to launch the ‘RuPay On-the-Go’ contactless payments solutions-a first-of-its-kind facility for customers.