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Question

Consider the following about Digital Payments Ecosystem in India:

I. One of the major objectives of Digital India is to achieve “Faceless, Paperless, Cashless” status.

II. The vision is to provide the facility of seamless digital payment to all citizens of India in a convenient, easy, affordable, quick and secure manner.

III. During the last three years, digital payment transactions have registered unprecedented growth in India.

Which of the above statement is/are correct?

A I only Correct Answer Incorrect Answer
B II only Correct Answer Incorrect Answer
C III only Correct Answer Incorrect Answer
D I and II both Correct Answer Incorrect Answer
E I, II and III Correct Answer Incorrect Answer

Solution

One of the major objectives of Digital India is to achieve “Faceless, Paperless, Cashless” status.  The promotion of digital payments has been accorded the highest priority by the Government of India to bring each and every segment of our country under the formal fold of digital payment services.  The vision is to provide the facility of seamless digital payment to all citizens of India in a convenient, easy, affordable, quick and secure manner.  During the last three years, digital payment transactions have registered unprecedented growth in India.

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