Economics › Digital Payments,Digital Infrastructure

Consider the following statements:

1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country.
2. NCPI has launched RuPay, a card Payment scheme.

Which of the statements given above is/are correct?

Options

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Answer

(C)

Economics › Digital Payments,Digital Infrastructure

2017

Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’?

Options

(a)

Mobile wallets will not be necessary for online payments.

(b)

Digital currency will totally replace the physical currency in about two decades.

(c)

FDI inflows will drastically increase.

(d)

Direct transfer of subsidies to poor people will become very effective.

Answer

(A)

Economics › Digital Payments,Digital Infrastructure

2016

Regarding ‘DigiLocker’, sometimes seen in the news, which of the following statements is/are correct?
1. It is a digital locker system offered by the Government under Digital India Programme.
2. It allows you to access your e-documents irrespective of your physical location.
Select the correct answer using the code given below.

Options

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Answer

(C)