UPSC CSE Prelims
Question 36
Which one of the following links all the ATMs in India ?
View correct answer and explanation
Correct answer: C
Correct Option: C
Explanation: NPCI operates the National Financial Switch (NFS), the shared ATM network that connects member banks’ ATMs for interoperable transactions.
Option-wise Analysis:
A: Incorrect - Indian Banks’ Association represents banks; it does not operate the national ATM switch.
B: Incorrect - NSDL is a securities depository rather than India’s ATM interoperability switch.
C: Correct - Correct-NPCI’s National Financial Switch interconnects the ATM network.
D: Incorrect - RBI regulates payments/banking, but is not the network operator asked for.