Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q44: Which state-level entity is mandatorily required to be included in the Sub-Committee on Digital Payments (SC-DP) to address security issues?

A
State-level law enforcement entities
B
Consumer rights advocacy groups
C
Private cybersecurity consulting firms
D
Independent chartered accountant bodies
โœ… Correct Answer: A
The correct answer is state-level law enforcement entities.
Besides the main planning group, there are four other smaller groups that must be created.
These cover Agriculture and Allied Activities, Micro, Small and Medium Enterprises and Other Priority Sectors, Financial Inclusion and Financial Literacy, and Digital Payments.
These groups must meet every three months before the main meetings.
They talk about their assigned topics and give their advice, meeting notes, and reports on what actions they took to the main group for final choices.
More small groups can be made if a state needs them.
The group working on Digital Payments must include state police or law enforcement to help fix digital safety and setup problems.

๐Ÿ“ฑ Sub-Committee ๐Ÿ‘ฎ Mandatory Member ๐Ÿ›ก๏ธ Core Goal
Digital Payments (SC-DP) State Police / Law Enforcement Combat cyber fraud and setup issues


๐Ÿง  Real-World Scenario: Imagine banks are trying to push UPI and digital payments into remote state districts. Suddenly, a massive wave of online OTP scams starts robbing poor villagers. According to the rules, they can bring the State Police directly to the planning table of the Digital Payments Sub-Committee. This means cops and bankers work side-by-side every 3 months to build a secure digital network.