Question
Which of the following statement/statements is/are
INCORRECT regarding the RBI's Digital Payments Index? 1. The RBI's Digital Payments Index increased to 418.77 in September 2023 from 395.57 in March 2023. 2. The RBI-DPI comprises four broad parameters that measure the penetration of digital payments in the country over different time periods. 3. Payment Performance has the highest weightage (45 per cent) among all the parameters in the RBI-DPI.Solution
The Reserve Bank of India’s (RBI) Digital Payments Index, a measure of the extent of digitisation of payments across the country, increased to 418.77 in September 2023 from 395.57 in March 2023. •   The RBI-DPI index has increased across all parameters and was driven particularly by growth in payment enablers, payment performance, and consumer centricity across the country over the period. •   The RBI-DPI has been constructed with March 2018 as the base period, that is, the DPI score for March 2018 is set at 100. •   The RBI-DPI comprises five broad parameters that measure the penetration of digital payments in the country over different time periods. •These parameters include Payment Enablers (weight 25 per cent), Payment Infrastructure – Demand-side factors (10 per cent), Payment Infrastructure – Supply-side factors (15 per cent), Payment Performance (45 per cent), and Consumer Centricity (5 per cent). •   The central bank publishes the RBI-DPI on a semi-annual basis with a lag of four months. Learn Along: About RBI Founded: 1 April 1935              Headquarters: Mumbai             Governor: Shaktikanta Das
Who has become the first female Prime Minister of Italy?
Where was the 25T Bollard Pull Tug, Bajrang, launched? Â
Which Indian company acquired the strategic Israeli port of Haifa?
Under the Digital India Mission, which of the following initiatives focuses on providing high-speed broadband connectivity to rural and remote areas of ...
Which organization was established based on the recommendation of the Hilton Young Commission?
Recently in which state of India the first Drone Healthcare 2022 service has been started by Redcliffe Lab?
On what is the principle of Brahmo Samaj based?
Vikas Thakur, weightlifter of India has won a silver medal in the Commonwealth Games, Birmingham 2022, the weight category in which he participated was...
In which state was the development of a new greenfield airport at Parandur approved by the Union Government's Steering Committee on Greenfield Airports ...
Which of the following districts is famous for the aluminium industry in Uttar Pradesh?