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
Consider the following statements in regards to Samvidhan Sadan:
I) It is the old parliament Building.
II) It was designed by British arch...
Where was India's 1st International Olympic Research Conference held?
What factors did the RBI cite for raising its growth projection for India's GDP to 7.2% for FY25?
Which of the following working capital platform has got an in-principle approval from the Reserve Bank of India to set up and operate Trade Receivable D...
Minister of State for Culture Meenakashi Lekhi has released the pictorial comic book ‘India’s Women Unsung Heroes’ in New Delhi. The book has bee...
Which river is known as “sorrow of China”?
Which OTT series won the first-ever OTT Award for Web Series at the 54th International Film Festival of India (IFFI)?
What was one of the violations committed by Acko General Insurance, as noted by IRDAI?
Which web conference company has secured a pan-India telecom licence that will enable it to offer telephone services as well to the enterprise customers?
On which date was the NABARD–NIRCA training initiative launched in East Godavari for turmeric and chilli farmers?