WBCS.LIVE practice question

Which organisation developed and manages the UPI system in India?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. National Payments Corporation of India (NPCI)
  2. Reserve Bank of India (RBI)
  3. Indian Banks' Association (IBA)
  4. Securities and Exchange Board of India (SEBI)

Correct answer and explanation

Correct answer: National Payments Corporation of India (NPCI)