Which organisation reported a 12.6% year-on-year growth in the Digital Payments Index (RBI-DP

Q: Answer-Which organisation reported a 12.6% year-on-year growth in the Digital Payments Index (RBI-DPI) at t...

The Reserve Bank of India RBI reported that its Digital Payments Index RBI-DPI rose to 445.5 at the end of March 2024, marking a 12.6 increase from the previous year. Launched in January 2021 with March 2018 as its base year, the RBI-DPI is a comprehensive measure designed to gauge the extent of digitization of payments across the country. The index reflects a sustained upward trend in digital payment adoption, indicating a growing preference for electronic transactions among Indian consumers.

I at the end of March 2024?

A Reserve Bank of India Correct Incorrect

B Mirae Asset Investment Managers (India) Pvt. Ltd Correct Incorrect

C NSE Indices Limited Correct Incorrect

D MSCI Inc Correct Incorrect

E International Financial Services Centres Authority Correct Incorrect

Detailed Solution

The Reserve Bank of India (RBI) reported that its Digital Payments Index (RBI-DPI) rose to 445.5 at the end of March 2024, marking a 12.6% increase from the previous year. Launched in January 2021 with March 2018 as its base year, the RBI-DPI is a comprehensive measure designed to gauge the extent of digitization of payments across the country. The index reflects a sustained upward trend in digital payment adoption, indicating a growing preference for electronic transactions among Indian consumers.

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Which organisation reported a 12.6% year-on-year growth in the Digital Payments Index (RBI-DP

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