National Financial Switch – UPSC PRE 2018 ANSWERS Q100 set c

UPSC PRE 2018 

SET – C  

QUES 100 . Which one of the following links all the ATMs in India?

a . Indian Bank’s Association

b . National Securities Depository Limited

c . National Payments Corporation of India

d . Reserve Bank of India

Answer – c -National Payments Corporation of India

Explanation 

National Financial Switch (NFS) is the largest network of shared automated teller machines (ATMs) in India.It was designed, developed and deployed by the Institute for Development and Research in Banking Technology (IDRBT) in 2004, with the goal of inter-connecting the ATMs in the country and facilitating convenience banking. It is run by the National Payments Corporation of India (NPCI).