Economics › Digital Payments,Digital Infrastructure

Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is NOT correct?

Which one of the following best describes the key objective of India’s ‘Open Network for Digital Commerce’ (ONDC) initiative?

An e-commerce revenue model where the seller has control over pricing but doesn’t keep products in stock and instead transfers customer orders and shipment details to a third-party supplier, who then ships the goods directly to the customer, is called:

Consider the following countries:
I. United Arab Emirates
II. France
III. Germany
IV. Singapore
V. Bangladesh
How many countries amongst the above are there other than India where international merchant payments are accepted under UPI?

Consider the following statements in respect of RTGS and NEFT:

I. In RTGS, the settlement time is instantaneous, while in case of NEFT, it takes some time to settle payments.
II. In RTGS, the customer is charged for inward transactions, while that is not the case for NEFT.
III. Operating hours for RTGS are restricted on certain days, while this is not true for NEFT.

Which of the statements given above is/are correct?

Consider the following statements in respect of the digital rupee:
1. It is a sovereign currency issued by the Reserve Bank of India (RBI) in alignment with its monetary policy.
2. It appears as a liability on the RBI’s balance sheet.
3. It is insured against inflation by its very design.
4. It is freely convertible against commercial bank money and cash.
Which of the statements given above are correct?

With reference to the Central Bank digital currencies, consider the following statements:
1. It is possible to make payments in a digital currency without using US dollar or SWIFT system.
2. A digital currency can be distributed with a condition programmed into it such as time-frame for spending it.
Which of the statements given above is/are correct?

Consider the following :
1. Aarogya Setu
2. CoWIN
3. DigiLocker
4. DIKSHA
Which of the above are built on top of open-source digital platforms ?

In India, the term “Public Key Infrastructure” is used in the context of

With reference to digital payments, consider the following statements:
1.BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account.
2.While a chip-pin debit card has four factors authentication, BHIM app has only two factors of authentication.
Which of the statements given above is/are correct?