New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is a most likely consequence of

    implementing the 'Unified Payments Interface (UPI)'?
    A Mobile wallets will not be necessary for online payments. Correct Answer Incorrect Answer
    B Digital currency will totally replace physical currency in about two decades. Correct Answer Incorrect Answer
    C FDI inflows will drastically increase. Correct Answer Incorrect Answer
    D Direct transfer of subsidies to poor people will become very effective. Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments.

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