Module: General Practice
Q13: How are "Retail Payments" defined, for the purpose of the payment system statistics?
✅ Correct Answer: A
For the purpose of payment system statistics, the category "Retail Payments" is defined as a combination of all "Retail Digital Payments" (like UPI, NEFT, IMPS, Cards) and "Paper-based Instruments" (like cheques). This definition is clarified in the RBI's Payment Systems Report - June 2025.