Which one among the following statements about Project Nexus is correct?
- A. It is an international agreement to enable labour movement between countries.
- B. It is an international initiative to enable instant cross-border retail payments. ✓
- C. It is an international initiative to transfer technology between countries.
- D. It is an international agreement to create database on financial inclusion.
Correct Answer: B. It is an international initiative to enable instant cross-border retail payments.
Explanation
Project Nexus is an initiative by the BIS Innovation Hub to connect domestic instant payment systems (IPS) globally, enabling seamless and instant cross-border retail payments.
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