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.

Practice Next

Relevant for Exams:

×
×