Module: General Practice
Q68: Which payment system is described as being designed for bulk and repetitive payments, such as salary disbursements, pension payments, utility bill payments, and loan EMIs?
✅ Correct Answer: A
The National Automated Clearing House (NACH) is designed specifically for handling bulk and repetitive payments like salaries and pensions.
Its utility is a key operational detail in the RBI's Payment Systems Report - June 2025.
Its utility is a key operational detail in the RBI's Payment Systems Report - June 2025.