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Q62 (CDS-I/2025) International Relations & Global Affairs › International Organisations & Groupings › International Organisations & Groupings

Which one among the following statements about Project Nexus is correct ?

Result
Your answer: —  Â·  Correct: B
Explanation
Project Nexus is a global initiative led by the Bank for International Settlements (BIS). Its main goal is to connect the instant payment systems of different countries, such as linking India's UPI with similar platforms in Malaysia, Philippines, Singapore, and Thailand. By creating a standardized way for these systems to 'talk' to each other, Project Nexus enables people to send money across borders instantly, cheaply, and securely, making international transactions as easy as local ones.
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SIMILAR QUESTIONS

CDS-I · 2008 · Q46 Relevance score: 0.29

Consider the following statements 1. BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is visualized as a bridging link between ASEAN and SAARC. 2. It was formerly known as the Bangkok Agreement. Which of the statements given above is/are correct ?

CDS-II · 2007 · Q55 Relevance score: 0.29

Consider the following statements 1. BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is visualized as a bridging link between ASEAN and SAARC. 2. It was formerly known as the Bangkok Agreement. Which of the statements given above is/ are correct ?

IAS · 2023 · Q87 Relevance score: -0.01

Consider the following statements : Statement-I : Recently, the United States of America (USA) and the European Union (EU) have launched the Trade and Technology Council'. Statement-II : The USA and the EU claim that through this they are trying to bring technological progress and physical productivity under their control. Which one of the following is correct in respect of the above statements?