Module: General Practice
Q1: Which payment system is described as having "completely transformed digital payments in India", and promoted a diversified and inclusive payments ecosystem?
✅ Correct Answer: C
The Unified Payments Interface (UPI) is credited with completely transforming digital payments in India.
It has successfully promoted a diversified and inclusive payments ecosystem, enabling easy transactions for both merchants and consumers.
This transformation is a central theme in the RBI's Payment Systems Report - June 2025.
It has successfully promoted a diversified and inclusive payments ecosystem, enabling easy transactions for both merchants and consumers.
This transformation is a central theme in the RBI's Payment Systems Report - June 2025.