Q. With reference to RuPay, consider the following statements:
1.RuPay was conceived and launched by the National Payments Corporation of India (NPCI).
2.It is an international credit card network that is accepted globally.
3.It is playing an important role in promoting financial inclusion in India.
How many of the above statements are correct?
Answer: B
Notes:
Explanation –
Statement s 1 and 3 are correct. RuPay was conceived and launched by the National Payments Corporation of India (NPCI). RuPay, as a domestic payment card network in India, has contributed significantly to financial inclusion by providing an affordable and accessible payment system to millions of Indians, including those in rural and underserved areas.
Statement 2 is incorrect. RuPay is not an international credit card network. It is a domestic payment card network in India, primarily intended for use within the country.
Source: ForumIAS
