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

Q13: How are "Retail Payments" defined, for the purpose of the payment system statistics?

A
Retail Digital Payments, and Paper-based Instruments
B
Retail Digital Payments, and RTGS
C
Only UPI, and Card payment transactions
D
All payments excluding RTGS
✅ 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.