ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    What significant change did the RBI introduce for UPI

    Lite transactions in December 2024?
    A Increased the per-transaction limit to тВ╣2,000 Correct Answer Incorrect Answer
    B Introduced blockchain for transaction verification Correct Answer Incorrect Answer
    C Increased wallet limit to тВ╣5,000 and per-transaction limit to тВ╣1,000 Correct Answer Incorrect Answer
    D Added QR code payments for offline transactions Correct Answer Incorrect Answer
    E Launched a cashback program for UPI Lite users Correct Answer Incorrect Answer

    Solution

    Explanation: The RBI enhanced UPI Lite limits to тВ╣5,000 for wallets and тВ╣1,000 for transactions to promote small-value digital payments in offline mode.

    Practice Next
    More Daily Beepedia Current Affairs Questions
    ask-question