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Module: General Practice

Q38: What trend was observed in debit card transactions from Calendar Year (CY) 2019 to CY 2024?

A
A decline in both volume and value
B
An increase in both volume and value
C
A decline in volume but an increase in value
D
An increase in volume but a decline in value
✅ Correct Answer: A
Debit card transactions have witnessed a decline since 2019, both in terms of volume and value.
The volume declined from 495.32 crore in CY 2019 to 173.80 crore in CY 2024, largely due to the rise of UPI.
This shift is documented in the RBI's Payment Systems Report - June 2025.
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