Of the following abbreviations which one is primarily an umbrella organisation for operating retail ...........

Static GK (MTS) Banking Awareness

Of the following abbreviations, which one is primarily an umbrella organisation for

operating retail payments and settlement systems in India?

This questions was previously asked in

SSC MTS 12th October 2021 Shift-1

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.

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