Question

The terms NCMC, AFC and SWEEKAR, which were making news recently, are related to which of the following?
A. Insurance
B. Healthcare
C. Mobility
D. Pension

Answer 1

Correct answer is C) MOBILITY

NOTES:

On 4th March, Prime Minister Narendra Modi launched a National Common Mobility Card (NCMC) in Ahmedabad, Gujarat, which will function on the “One Nation One Card” model across the country. The NCMC is the India’s first indigenously developed payment platform for transport that can be used to make payments across public transport anywhere in the country, including Metro, bus and suburban railways, for toll and parking, and for retail like any credit or debit card. The stored value on card supports offline transaction across all travel needs with minimal financial risk to involved stakeholders. The service area feature of this card supports operator specific applications e.g. monthly passes, season tickets etc. The card will address the challenges associated with the cash payment e.g. cash handling, revenue leakages, cash reconciliation etc. Beside this, PM Modi also launched an Automatic Fare-Collection system (AFC) called ‘SWEEKAR’, and a gate and card-reader system called ‘SWAGAT’ . The three together will enable the use of the national mobility card across the country without a conflict with existing Point-of-Sale (PoS) machines. The cards can be issued by all public and private banks the same way credit, debit, and prepaid cards are issued.

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Answer 2

Heya...

The NCMC is the India’s first indigenously developed payment platform for transport that can be used to make payments across public transport anywhere in the country, including Metro, bus and suburban railways, for toll and parking, and for retail like any credit or debit card.

ANSWER: MOBILITY.

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