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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?

A Payment enablers Correct Answer Incorrect Answer
B Payment infrastructure – demand side factors Correct Answer Incorrect Answer
C Consumer Centricity Correct Answer Incorrect Answer
D Payment performance Correct Answer Incorrect Answer
E Unemployment Rate Correct Answer Incorrect Answer

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. 

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