Quiz of the Fortnight—March 01

1) Consider the following statements:

Statement 1

National Payments Corporation of India (NPCI) owns and operates the UPI platform.

Statement 2

A Third-Party Application Provider (TPAP) is an entity that provides the UPI compliant apps to end-users to facilitate UPI-based payment transactions.

Which one of the following is correct in respect of the above statements?

(a) Both Statement 1 and Statement 2 are correct and Statement 2 is the correct explanation for Statement 1.(b) Both Statement 1 and Statement 2 are correct but Statement 2 is not the correct explanation for Statement 1.(c) Statement 1 is correct but Statement 2 is incorrect.(d) Statement 1 is incorrect but Statement 2 is correct.

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