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      Question

      Which of the following instruments is considered an

      alternative to cash in the Indian payment system?
      A Credit Card Correct Answer Incorrect Answer
      B NEFT Correct Answer Incorrect Answer
      C Demand Draft Correct Answer Incorrect Answer
      D UPI Correct Answer Incorrect Answer
      E Cheque Correct Answer Incorrect Answer

      Solution

      Unified Payments Interface (UPI) is considered an alternative to cash in the Indian payment system. It allows instant money transfer between bank accounts through a mobile interface.

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