Which of the following is NOT one of the five pillars of the Reserve Bank of India's (RBI) Payments Vision 2025?

Current Affairs Banking Difficulty: Medium
Choose an option
  • A
    Integrity
  • B
    Innovation
  • C
    Internationalisation
  • D
    Incorporation
  • E
    Institutionalisation

Answer

Correct Answer: Incorporation

Explanation

### Concept & Fact The RBI's Payments Vision 2025 outlines the strategic direction for India's payment systems, built upon five core foundational pillars starting with the letter 'I'. ### Step-by-Step Solution * The Payments Vision 2025 aims to provide safe, secure, fast, and affordable e-payment options. * The vision is anchored on five key pillars: 1. Integrity 2. Inclusion 3. Innovation 4. Institutionalisation 5. Internationalisation * Reviewing the given options, "Incorporation" is not part of this framework; "Inclusion" is the missing pillar. ### Exam Strategy & Shortcut Memorize the "5 Is" of the RBI Payments Vision: Integrity, Inclusion, Innovation, Institutionalisation, Internationalisation. "Incorporation" relates to corporate law, not payment systemic vision. ### Common Pitfall Since all options begin with the letter 'I' and sound like formal regulatory terms, it is easy to guess incorrectly if the 5 exact terms are not memorized. ### Final Answer Therefore, the correct answer is **Incorporation**.
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