Q. Consider the following statements:
1.India is a signatory to the Convention on International Civil Aviation (Chicago Convention). 
2.Immediate Payment Service (IMPS) is a service provided by banks to ensure real-time interbank funds transfer.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation –

Statement 1 and 2 are correct. India is a signatory to the Convention on International Civil Aviation (Chicago Convention). Immediate Payment Service (IMPS) is a service provided by banks to ensure real-time interbank funds transfer.

Source: PIB

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