2017 GS Paper I, all questions

UPSC Prelims 2017 · GS Paper I

Question 79: Economy and Social Development

Consider the following statements :

  1. 1.National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country.
  2. 2.NPCI has launched RuPay, a card payment scheme.

Which of the statements given above is/are correct ?

a1 only
b2 only
cBoth 1 and 2
dNeither 1 nor 2

AnswerUPSC’s answer is (c).

The National Payments Corporation of India is the umbrella organisation for retail payment systems, set up in 2008 with the RBI's support. By running low-cost digital systems such as IMPS, Aadhaar-enabled payments and UPI, it helps promote financial inclusion, so Statement 1 is right. It also launched RuPay, India's own domestic card payment scheme, so Statement 2 is right. Remember: NPCI runs retail payment systems and RuPay.

  • 1. NPCI's low-cost digital payment systems promote financial inclusion.
  • 2. NPCI launched the RuPay card payment scheme.

How you could have got this

  1. If you were sure statement 1 is correct, (b) and (d) go: each of them leaves 1 out.

    What you needed to know: NPCI's low-cost digital payment systems promote financial inclusion.

  2. Then, if you were sure statement 2 is correct, (a) goes: it leaves 2 out.

    What you needed to know: NPCI launched the RuPay card payment scheme.

Only (c) is left. This one needs every statement.

Which options go is worked out from UPSC’s key and the options, not by a model.

Why each option is right or wrong
  • (a) Incomplete: RuPay (2) is also its creation.
  • (b) Incomplete: financial inclusion (1) is also correct.
  • (c) Right: both statements are correct.
  • (d) Wrong: both statements are correct.

Answer: UPSC’s key. Explanation: written by UPSC Grade, not by UPSC.

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Source: UPSC, Civil Services (Preliminary) Examination 2017, General Studies Paper I, Series A. The paper on upsc.gov.in.