Question

    The Reserve Bank of India, recently has proposed to

    hike UPI (Unified Payment Interface) transaction limit for investing in IPO to…
    A 2.00 lakhs Correct Answer Incorrect Answer
    B 3.00 lakhs Correct Answer Incorrect Answer
    C 4.00 lakhs Correct Answer Incorrect Answer
    D 5.00 lakhs Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI), in its bi-monthly monetary policy review on December 8, 2021, announced that it has enhanced the investment limit via UPI in IPOs and RBI Retail Direct Scheme for G-Secs to Rs 5 lakh

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