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    Question

    RBI’s new framework welcomed by fintech firms relates

    to which aspect of financial operations?
    A Lending rate deregulation Correct Answer Incorrect Answer
    B Digital payment authentication Correct Answer Incorrect Answer
    C Forex remittance procedures Correct Answer Incorrect Answer
    D Credit card interchange policy Correct Answer Incorrect Answer
    E Merchant discount rate caps Correct Answer Incorrect Answer

    Solution

    The new framework issued by the RBI focuses on digital payment authentication, aimed at improving transaction security, strengthening consumer trust, and promoting financial inclusion. The guidelines are expected to support safe digital adoption, particularly for first-time users in semi-urban and rural regions where trust in digital finance is still evolving.

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