MCQ

UPI institutional framework MCQ - Practice Questions with Answers

Solve 1 UPI institutional framework questions for RAS/RPSC preparation.

Practice questions

Q1With reference to the Unified Payments Interface (UPI), consider the following statements: 1. UPI is operated by the National Payments Corporation of India (NPCI). 2. NPCI is authorised under the Payment and Settlement Systems Act, 2007. Which of the statements given above is/are correct?

A 1 only

B 2 only

C Both 1 and 2

D Neither 1 nor 2

Explanation

Both statements are correct. UPI is operated by NPCI, and NPCI is authorised under the Payment and Settlement Systems Act, 2007.

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