Banking Computers Science IBPS Bank Clerk Online CWE-IV Exam Held on 20-12-2014

  • question_answer
    The Reserve Bank of India recently proposed to set up NPCI. What does NPCI stand for?

    A)  National Payments corporation of India

    B)  National Platform for computer Installation

    C)  National Platform of computer Integration

    D)  National Payments cloud of India

    E)  None of these

    Correct Answer: A

    Solution :

    [a] NPCI stands for National Payments Corporation of India. It is a pioneer organization in the field of retail payments in India. It is a body Promoted by RBI and has presently ten core promoter banks. It has been incorporated as a Section 25 company under Companies Act.


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