RuPay is a card payment scheme launched by the National Payments Corporation of India (NPCI) to offer an indigenous alternative for electronic payments.
What is RuPay ?
Asked in APPSC Panchayat secretary Prelims 2016 · Topic: Money & Banking (Payment Systems in India: Digital Payments, UPI, and Central Bank Digital Currency (CBDC))
More Economic Development questions
- An instant real-time inter-bank electronic funds transfer system, which offers an inter- bank electronic fund transfer service through mobile phones known as
- Magnetic Ink Character Recognition (MICR) code is a
- The RBI has said that PPI users will have no liability if they report fraud within three days. Hence the term PPI stands for
- Which bank has started the facility of cardless cash-withdrawal from ATM ?
- "NEFT" is related to
- Meena Hemachandra Committee has been constituted by RBI on
- World Gold Council released the 2019 list of Gold Reserves in each country. Which of the following statements are correct? 1. USA topped the list with reserves of nearly 8133 tonnes 2. India has ranked 9th within individual country category excluding the IMF in the list 3. India has ranked 10th within overall country category including the IMF in the list 4. India is having approximately 2000 tonnes of gold reserves (With Government) according to the Report.
- Consider the following statements. 1. The Reserve Bank of India Act, 1934 gives RBI the sole right to issue banknotes in India. 2. Any change in design of a currency note has to be approved by the RBI's Central Board and the Central Government. 3. The RBI's Department of Currency Management headed by the RBI Governor has the responsibility of administering the core function of currency management. Which of the above statements is/are correct?