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
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AIntegrity
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BInnovation
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CInternationalisation
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DIncorporation
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EInstitutionalisation
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**.