Question

What is the full form of UPI?

• A. Unified Payments Interface
• B. Universal Payments Integration
• C. Unified Processing Interface
• D. Universal Processing Integration

Hint:

UPI stands for Unified Payments Interface, a popular payment system in India.

Answer 1

The Correct Option is A

The full form of UPI is Unified Payments Interface. UPI is a payment system in India that allows users to transfer money between bank accounts using a mobile application or other digital platforms. It is a secure and convenient way to make payments and is widely used for transactions across various sectors.
Here's why the other options are incorrect:
- Option (1): Unified Payments Interface: This is the correct answer, as UPI stands for Unified Payments Interface. It is a real-time payment system developed by the National Payments Corporation of India (NPCI) to facilitate seamless fund transfers.
- Option (2): Universal Payments Integration: While this option includes "Payments," it is not the correct full form of UPI. The term "Universal" does not accurately describe the system.
- Option (3): Unified Processing Interface: Although this option uses the word "Unified," it incorrectly replaces "Payments" with "Processing." UPI focuses on payments, not general processing.
- Option (4): Universal Processing Integration: This option combines incorrect terms ("Universal" and "Processing") and does not represent the actual full form of UPI.
Answer: $\boxed{\text{Unified Payments Interface}}$