Question 10
EasyOriginal questionThe Unified Payments Interface is operated by which organisation?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
UPI is built and run by the National Payments Corporation of India.
NPCI is a not-for-profit company set up by the RBI and the Indian Banks' Association, so the RBI is behind it without operating it.
RuPay, IMPS and the National Automated Clearing House come from the same organisation.
Worth noting
NPCI is the operator; the RBI is the regulator. A question naming one where it means the other is the usual trap here.
- Concept
- Who operates the Unified Payments Interface
- Typical timeTypical
- 30 s
- Your timeYours
- —
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Ten questions from Indian Economy & Institutions, at your own pace.