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Commerce · Q226

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 226

Q226

Which of the following is not true about Unified Payments Interface (UPI)?

A.
UPI is an instant payment system developed by the National Payments Corporation of India (NPCI)
B.
Through UPI, all payments are instant and takes place in banking hours
Answer
C.
Under UPI person will have a single identity and password for using multiple bank accounts
D.
UPI is based on the Immediate Payment Services (IMPS) infrastructure

Answer: Option B

Solution

Answer: Option B
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