Which of the above statements are correct?
A. 1 and 2.
B. 1 and3.
C. 2 and 3.
D. 1, 2 and 3.
Answer:D
Which of the above statements are correct?
A. 1 and 2. B. 1 and3. C. 2 and 3. D. 1, 2 and 3.
Explanation: The Reserve Bank of India (RBI) proposes to set up anytime anywhere bill payment system under Bharat Bill Payment System (BBPS). The BBPS is designed to function as a tiered structure for operating the bill payment system in the country with a single brand image providing convenience of ‘anytime anywhere’ bill payment to customers. The National Payments Corporation of India (NPCI) has been designated as the authorized Bharat Bill Payment Central Unit (BBPCU) to set the standards for BBPS processes which need to be adhered to by all authorized operating units under the system.