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Of the following abbreviations, which one is primarily an umbrella organisation for
operating retail payments and settlement systems in India?
NPCI
NABARD
SIDBI
IRDAI
- Option 1: NPCI
- Stands for National Payments Corporation of India.
- It is primarily a retail payments and settlement systems organization in India.
- It operates systems like UPI and IMPS.
- NPCI is the correct answer.
- Option 2: NABARD
- Stands for National Bank for Agriculture and Rural Development.
- Primarily focuses on finance for agriculture and rural development.
- Option 3: SIDBI
- Stands for Small Industries Development Bank of India.
- Mainly focuses on financing and promoting micro, small and medium enterprises.
- Option 4: IRDAI
- Stands for Insurance Regulatory and Development Authority of India.
- Regulates and promotes the insurance industry in India.
By: santosh ProfileResourcesReport error
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