Economics • Banking & FinanceEasy
Which organization in India operates the 'Bharat Bill Payment System (BBPS)'?
A. Securities and Exchange Board of India
B. National Payments Corporation of India✓ Correct Answer
C. Reserve Bank of India directly without intermediaries
D. Confederation of Indian Industry
💡 Solution & Explanation
The Bharat Bill Payment System is operated by the National Payments Corporation of India as an interoperable platform offering recurring bill payment services across the country. Regulatory bodies like the Securities and Exchange Board of India and the Reserve Bank of India oversee financial markets and monetary policy respectively, but day-to-day retail payment infrastructure management is handled by specialized entities like NPCI.
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