Explanation
- A
1 only
Option (a) is 1 only. NPCI does support digital payments that further financial inclusion, but statement 2 on RuPay is also correct. This option is incomplete. This option is not the key.
- B
2 only
Option (b) is 2 only. RuPay is NPCI’s card scheme, yet dropping the inclusion role is wrong because statement 1 is also true. This option is not the key.
- C
Both 1 and 2
NPCI is the retail-payments umbrella that runs UPI, IMPS, AePS and related rails, which widen access to digital finance. It also launched RuPay as a domestic card network. Both statements are correct, so (c) is the official key.
- D
Neither 1 nor 2
Option (d) is neither. Both statements stand. This option is therefore wrong.
Summary. Official key is (c) Both 1 and 2. NPCI is an RBI-promoted not-for-profit that operates India’s retail payment systems and thereby supports inclusion. RuPay is its domestic card scheme competing with international networks. Neither statement is false. Only (c) fits.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
-
2026 · Q91 · General Studies · 2 marks
Which of the following statements about Real-World Assets (RWA) Tokenization are correct? 1. Tokenization is the process of turning real world assets into digital tokens using blockchain technology. 2. Tokenization of real world assets offers 24×7 access, promoting financial inclusion. 3. Tokenization of real world assets will allow the access to high growth investment opportunities for individuals in India. Select the answer using the code given below: -
2021 · Q16 · General Studies · 2 marks
R2 Code of Practices' constitutes a tool available for promoting the adoption of -
2016 · Q36 · General Studies · 2 marks
'Net metering' is sometimes seen in the news in the context of promoting the -
2026 · Q88 · General Studies · 2 marks
Which one of the following correctly represents the three key sub-indices of the Financial Inclusion Index (FI-Index) of the Reserve Bank of India (RBI)?