Question
Which of the following is not one of the five broad
parameters used in constructing the Digital Payments Index (DPI) by the Reserve Bank of India?Solution
The RBI constructed the DPI as part of the sixth bi-monthly monetary policy statement for 2019-20 to capture the extent of digitisation of payments across the country. The index comprises five broad parameters including payment enablers, payment infrastructure – demand side factors, payment infrastructure – supply side factors, payment performance, and consumer centricity. Each of these parameters consists of various measurable indicators.Â
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