What is the full form of NPCI?
- Nano Center for Political Integration
- National Payments Corporation of India
- National Council Process Interaction
- National Public Control of India
The Correct Option is B
Solution and Explanation
The question asks us to identify the full form of "NPCI". Let's go through each of the options provided and identify the correct one.
- Option 1: Nano Center for Political Integration
This option does not relate to the context of payments, banking, or any financial terms. Hence, it is not the correct full form for NPCI. - Option 2: National Payments Corporation of India
This option directly relates to payments and banking. NPCI is widely recognized within India as the organization responsible for managing payment systems. Therefore, this is the correct answer. - Option 3: National Council Process Interaction
This option does not correlate with the role or functionality of NPCI in managing payment systems; it is not relevant. - Option 4: National Public Control of India
This option again does not seem to have any connection to payment systems or financial technologies. It is also incorrect.
Based on the above analysis, the correct answer is National Payments Corporation of India.
The National Payments Corporation of India (NPCI) is an umbrella organization for operating retail payments and settlement systems in India. Established in 2008, it is a crucial player in facilitating easy and accessible payment solutions across the country, enhancing the safety and efficiency of the entire financial system.
Thus, the correct answer is: National Payments Corporation of India.
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