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
-
AIntegrity
-
BInnovation
-
CInternationalisation
-
DIncorporation
-
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**.