Examveda
Examveda

Which of the following is not true about National Automated Clearing House (NACH)?

A. It is a centralized clearing system launched by the National Payments Corporation of India (NPCI)

B. It aims to replace and consolidate multiple existing Electronic Clearing Service (ECS) systems across India

C. NACH platform has been created to replace the Electronic Clearing Service (ECS) system

D. All of the above

Answer: Option D


This Question Belongs to Commerce >> Banking And Financial Institutions

Join The Discussion

Related Questions on Banking and Financial Institutions