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A passage on Electronic Toll Collection
______ has developed the _______program to meet the electronic tolling requirements of the Indian market. It offers an interoperable nationwide toll payment solution including clearing house services for settlement and dispute management. Interoperability, as it applies to _______ system, encompasses a common set of processes, business rules and technical specifications which enable a customer to use their ______ accounts as payment mode on any of the toll plazas irrespective of who has acquired the toll plaza.
Who introduced National E-Toll Collection (NETC) system to meet the electronic tolling requirements of the Indian market? (2 marks)
RBI
NPCI
SEBI
SBI
SIDBI
- The passage discusses the Electronic Toll Collection system developed to address India's tolling requirements.
- It describes an interoperable nationwide toll payment solution.
- Interoperability means using one account for payments at any toll plaza in India.
- The passage doesn't explicitly name who introduced the system.
Relevant Options:
1. RBI: The Reserve Bank of India primarily deals with monetary policy and financial regulation.
2. NPCI: The National Payments Corporation of India manages payment systems in India, including electronic tolling.
3. SEBI: The Securities and Exchange Board of India regulates securities markets.
4. SBI: The State Bank of India is a commercial bank.
5. SIDBI: The Small Industries Development Bank of India supports small industries.
Answer: 2. NPCI
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