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With reference to the ‘Digital Payment Gateway’, consider the following statements:
1. National Internet Exchange of India recently launched ‘Digital Payment Gateway’.
2. National Internet Exchange of India (NIXI) is a not-for-profit Company under the aegis of the Ministry of Finance.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
With reference to the ‘Digital Payment Gateway’, consider ...
National Internet Exchange of India launches ‘Digital Payment Gateway’.
- National Internet Exchange of India (NIXI) is a not-for-profit Company under the aegis of the Ministry of Electronics and Information Technology (MeitY) with the mission to make the internet accessible to everyone.
- To facilitate its customers and partners, NIXI has gone digital by enabling digital payments across its three business units by integrating payment gateways on all its customer-facing websites for ease of use.
- This integration will lead to increased ease of use for NIXI’s customers by offering real-time payments, providing uninterrupted services and ensuring seamless experience to all stakeholders.
- NIXI has partnered with PayU and NSDL to offer the Payment gateway services.
Hence only statement 1 is correct.
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With reference to the ‘Digital Payment Gateway’, consider ...
Introduction
The question pertains to the recent initiatives taken by the National Internet Exchange of India (NIXI) regarding the launch of a 'Digital Payment Gateway'. Let's analyze the statements provided.
Statement 1: Digital Payment Gateway Launch
- The first statement claims that NIXI recently launched a 'Digital Payment Gateway'.
- This statement is correct. NIXI, known for managing the internet infrastructure in India, has indeed ventured into the digital payment ecosystem to facilitate secure and efficient transactions.
Statement 2: NIXI's Organizational Structure
- The second statement states that NIXI is a not-for-profit company under the aegis of the Ministry of Finance.
- This statement is incorrect. NIXI operates as a not-for-profit organization, but it falls under the aegis of the Ministry of Electronics and Information Technology, not the Ministry of Finance.
Conclusion
- Based on the analysis, only the first statement is correct. Thus, the answer to the question is option 'A', indicating that only Statement 1 is true.
Key Takeaways
- Correct Statement: NIXI has launched a Digital Payment Gateway.
- Incorrect Statement: NIXI operates under the Ministry of Electronics and Information Technology, not the Ministry of Finance.
This understanding highlights the significance of accurate information regarding government initiatives and their administrative frameworks.
The question pertains to the recent initiatives taken by the National Internet Exchange of India (NIXI) regarding the launch of a 'Digital Payment Gateway'. Let's analyze the statements provided.
Statement 1: Digital Payment Gateway Launch
- The first statement claims that NIXI recently launched a 'Digital Payment Gateway'.
- This statement is correct. NIXI, known for managing the internet infrastructure in India, has indeed ventured into the digital payment ecosystem to facilitate secure and efficient transactions.
Statement 2: NIXI's Organizational Structure
- The second statement states that NIXI is a not-for-profit company under the aegis of the Ministry of Finance.
- This statement is incorrect. NIXI operates as a not-for-profit organization, but it falls under the aegis of the Ministry of Electronics and Information Technology, not the Ministry of Finance.
Conclusion
- Based on the analysis, only the first statement is correct. Thus, the answer to the question is option 'A', indicating that only Statement 1 is true.
Key Takeaways
- Correct Statement: NIXI has launched a Digital Payment Gateway.
- Incorrect Statement: NIXI operates under the Ministry of Electronics and Information Technology, not the Ministry of Finance.
This understanding highlights the significance of accurate information regarding government initiatives and their administrative frameworks.
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With reference to the ‘Digital Payment Gateway’, consider the following statements:1. National Internet Exchange of India recently launched ‘Digital Payment Gateway’.2. National Internet Exchange of India (NIXI) is a not-for-profit Company under the aegis of the Ministry of Finance.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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