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    Question

    Recently Cabinet provides additional Rs ____ cr to RuPay

    debit card, BHIM transactions for FY23 that aims at promoting digital payments across the country.
    A 1,600 Correct Answer Incorrect Answer
    B 1,800 Correct Answer Incorrect Answer
    C 2,450 Correct Answer Incorrect Answer
    D 2,500 Correct Answer Incorrect Answer
    E 2,600 Correct Answer Incorrect Answer

    Solution

    The Union Cabinet doubled the allocation for promotion of RuPay debit cards and low-value BHIM-UPI (Unified Payments Interface) transactions to Rs 2,600 crore for FY23 that aims at promoting digital payments across the country. Bharat Interface for Money (BHIM) is an app that helps make simple, easy and quick payment transactions using Unified Payments Interface (UPI). instant bank-to-bank payments, pay and collect money using just Mobile number or Virtual Payment Address (UPI ID) can also be made.

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