GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India’s own payment gate way ‘RuPay’ works in which of the following channel/s?
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Exports or imports
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Inflation or deflation
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Indian rupee or foreign currency
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All of the above
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Explanation:
Detailed explanation-1: -RuPay Contactless cards can be used across ATM, POS and Ecommerce websites to make payments. Can all Banks issue Rupay Contactless cards? Banks which are certified by NPCI can issue RuPay Contactless cards.
Detailed explanation-2: -RuPay is an Indian multinational financial service payment network launched by the Reserve Bank of India (RBI) in the year 2012. It is a National Payment Corporation of India’s (NPCI) initiative to boost retail payments in India. RuPay was launched with an objective of a less cash economy.
There is 1 question to complete.