Comprehension Passage
National Payments Corporation of India (NPCI) has developed the National Electronic Toll Collection (NETC) program to meet the electronic tolling requirements of the Indian market. It offers an interoperable nationwide toll payment solution including clearing house services for settlement and dispute management. Interoperability, as it applies to the National Electronic Toll Collection (NETC) system, encompasses a common set of processes, business rules, and technical specifications that enable a customer to use their FASTag as payment mode on any of the toll plazas irrespective of who has acquired the toll plaza.
Consider the following statements:
1. The Unified Payments Interface (UPI) was launched in 2016 and is operated by the National Payments Corporation of India (NPCI).
2. The National Payments Corporation of India (NPCI) was formed as an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) to create a robust payment and settlement infrastructure.
3. National Payments Corporation of India (NPCI) links all the ATMs in India.
Which of the statements given above is/are correct?
1
1 only
2
1, 2 only
3
2, 3 only
4
1, 3 only
5
1, 2, and 3