International Economics - G2- NPCI

1. What is NPCI? 

• National Payments Corporation of India

• National Payments Corporation of Indonesia

What is India’s financial motto?

• 360° Finance.

• Money talks, cash screams.

• Cash is king, digital is divine.

• Think big, cash bigger.

When was NPCI founded?

• 2008

• 2006

• 2007

• 2009

How many areas did the RBI hand over to NPCI the responsibility of finding solutions in?

• 2

• 3

• 4

• 5

Answer explanation

- Expansion of the National Financial Switch (NFS)

-Implementation of the CTS

- Upgradation of the Electronic Clearing Service (ECS).

The Government of India and RBI have an important role in NPCI growth as well as nurturing leading banks in India especially in the first years.

• True

• False

Which party does NPCI cooperate with?

• Discover Financial Services

• Japan Credit Bureau

• China UnionPay International

• All of the above.

7. The NFS became the smallest network of shared ATMs in India.

• True

• False

8. In 2014, India was in the top of the countries with the _____ percentage of account holders.

• lowest

• highest

• modest

• largest

9. From April 2021, which new subsidiary did NPCI create to increase growth especially in the business to consumer segment for small businesses?

• NPCI International Payments Limited (NIPL)

• NPCI Bharat BillPay Limited (NBBL)

• Bharat Bill Payment System (BBPS)

• Indian Bank’s Association (IBA)

10. What was the name of the roadmap RBI called?

• Financial Sector Computing Vision Document (2005)

• Financial Sector Science Vision Document (2005)

• Financial Sector Technology Vision Document (2005)

• Financial Sector Telecommunications Vision Document (2005)