Economy
2018
Banking in India
Which one of the following links all the ATMs in India?
D.Reserve Bank of lndia
B.National Securities Depository Limit
C.National Payments Corporation of India
A.Indian Banks’ Association
Correct Answer: Option C
The National Payments Corporation of India (NPCI) links all the ATMs in India.
The National Financial Switch (NFS), the largest network of shared ATMs in India, was originally designed, developed, and deployed by the Institute for Development and Research in Banking Technology (IDRBT) in 2004 to interconnect ATMs and facilitate convenient banking.
NPCI took over the NFS ATM network from IDRBT on December 14, 2009. This network includes approximately 37 members and connects around 50,000 ATMs.
Hence, National Payments Corporation of India is the correct answer.
More Economy Questions
Which one of the following is the main objective of the ‘Make in India’ initiative?Economy · 2015With reference to the Indian economy, "Collateral Borrowing and Lending Obligations" are the instrum...Economy · 2024In the context of any country, which one of the following would be considered as part of its social ...Economy · 2019Which one of the following is likely to be the most inflationary in its effects?Economy · 2021With reference to the Indian economy, consider the following statements:Economy · 2022Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)?Economy · 2017The Service Area Approach was implemented under the purview ofEconomy · 2019The money multiplier in an economy increases with which one of the following?Economy · 2021Consider the following statements:Economy · 2015With reference to Indian economy, demand-pull inflation can be caused/increased by which of the foll...Economy · 2021