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    Question

    What is a key benefit of RBI allowing pre-approved

    credit lines on UPI?
    A Customers must apply for loans separately before using credit lines Correct Answer Incorrect Answer
    B The feature is only available to corporate users, not individuals Correct Answer Incorrect Answer
    C Users need explicit consent before accessing the credit line Correct Answer Incorrect Answer
    D This feature removes the need for credit limits set by banks Correct Answer Incorrect Answer
    E The National Payments Corporation of India (NPCI) does not support this initiative Correct Answer Incorrect Answer

    Solution

    The RBI has allowed pre-approved credit lines on UPI, but users must provide explicit consent before accessing the credit line, ensuring transparency and control over borrowing.

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