Questions from IBPS PO Mains Paper 2024

IBPS PO Mains Paper 2024

Interactive Study & Solution Mode

Question 145 of 155

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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