New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    At what Compound Annual Growth Rate (CAGR) in terms of

    volume did Unified Payments Interface (UPI) transactions increase from 92 crores in FY 2017-18 to 8,375 crores in FY 2022-23? 
    A 103 % Correct Answer Incorrect Answer
    B 115 % Correct Answer Incorrect Answer
    C 123 % Correct Answer Incorrect Answer
    D 147 % Correct Answer Incorrect Answer
    E 151% Correct Answer Incorrect Answer

    Solution

    The Unified Payments Interface (UPI) transactions have grown from 92 crore in FY 2017-18 to 8,375 crore in FY 2022-23 at a Compound Annual Growth Rate (CAGR) of 147 percent in terms of volume. The UPI transactions have achieved 8,572 crore transactions during the current financial year till December 11.

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