RBI to move NGTA to manage Forex and Gold Reserves

Current Context: The Reserve Bank of India (RBI) has announced to move Next Generation Treasury Application (NGTA) with an aim to manage the country’s foreign exchange and gold reserves.

• The application of NGTA will help to improve the functioning of RBI. 
• NGTA is basically a web-based application which will provide scalability and flexibility in introducing new products and securities to the central bank. 
• It will also support multi-currency transactions and settlements like Fixed Income (FI), Forex, Money Market (MM) and Gold. 
• The NGTA web-based application will collect security or contract related details from a trading platform.
• The utilization of the NGTA platform will help to manage forex in a more efficient manner as it will also help to mitigate risk factor and will offer operational efficiency in dealing with asset classes and reports. 
• The objective of NGTA application are: (a) Reserve Management (b) Workflow Management (c) Portfolio Management (d) Integration with third-party and in-house systems, (e) To establish dashboards to provide reports and widgets (f) To deal with FI Securities, MM, Forex and Gold
• Static Part: 
• HQ of RBI: Mumbai
• Governor of RBI: Shaktikanta Das

Question: 

Q.1 RBI has announced to move NGTA with an aim to manage country’s foreign exchange and gold reserves, what does ‘N’ signifies in full form of NGTA?
a. New
b. Network
c. National
d. Next