BBPS - GS questions based on daily current affairs

1)   Which of the following is nodal agency for implementing Bharat Bill Payment System (BBPS)?

a. RBI
b. SEBI
c. NPCI
d. NSDL
Answer  Explanation 

ANSWER: NPCI

Explanation:
- Bharat Bill Payment System(BBPS) is an integrated bill payment system in India offering interoperable and accessible bill payment service to customers through a network of agents, enabling multiple payment modes, and providing instant confirmation of payment.
- BBPS would provide bill payments through commerce portals and online payment aggregators provided they choose to be a part of the Bharat Bill Payment System and offer bill collection and payment services to their clients.
- National Payment Corporation of India (NPCI) would act as the central nodal authority for Bharat Bill Payment System overlooking all complaints as well as audit of payment procedures.