Module: General Practice
Q25: How did the total transaction value of the Immediate Payment Service (I M P S) change, during the period from Calendar Year (CY) 2019 to CY 2024?
✅ Correct Answer: C
The total transaction value for IMPS demonstrated significant growth.
It tripled during the period from CY 2019 (when it was ₹21.8 lakh crore) to CY 2024 (when it reached ₹70.7 lakh crore). This growth trajectory is plotted in the RBI's Payment Systems Report - June 2025.
It tripled during the period from CY 2019 (when it was ₹21.8 lakh crore) to CY 2024 (when it reached ₹70.7 lakh crore). This growth trajectory is plotted in the RBI's Payment Systems Report - June 2025.