Centralised Payment System MCQ — 1 Practice Questions with Answers

Practice 1 Centralised Payment System multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

1 Questions Indian Economy

Q1. Which institution did Pay Point India Network become the first private fintech firm to gain direct membership of, as confirmed in April 2026?

A Reserve Bank of India's Centralised Payment System Correct

B National Payments Corporation of India

C Clearing Corporation of India Limited

D Securities and Exchange Board of India

Explanation

Pay Point India Network became the first private fintech firm to win direct membership of the RBI's Centralised Payment System with its own IFSC code and current and settlement accounts at the RBI. NPCI and CCIL are existing direct members; SEBI is the securities regulator and is unrelated to CPS membership.

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Frequently Asked Questions

How many Centralised Payment System MCQ questions are available?

There are 1 Centralised Payment System practice MCQs available on Aspirant Academy, with detailed answers and explanations for each question.

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Yes, every Centralised Payment System question comes with the correct answer and a detailed explanation to help you understand the underlying concept.

How is Centralised Payment System relevant to the RAS/RPSC exam?

Centralised Payment System falls under the Indian Economy section of the RAS/RPSC syllabus. It is a frequently tested area and regular practice with these MCQs will strengthen your preparation.

Can I practice Centralised Payment System questions in Hindi?

Yes, Aspirant Academy offers bilingual support. You can practice Centralised Payment System MCQs in both English and Hindi, including questions, options, and explanations.

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Centralised Payment System MCQ — 1 Practice Questions with Answers

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