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Question
Of the following abbreviations, which one is primarily an umbrella organisation for operating retail payments and settlement systems in India?
Options
NPCI
SIDBI
NABARD
IRDA
MCQ
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Solution
NPCI
Explanation:
NPCI was established as an umbrella organization for the retail payments system in India under the direction and cooperation of the RBI and the Indian Banks' Association (IBA).
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Abbreviation (Entrance Exam)
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