Economy

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3 questions

2026 · Question 90 · Digital Payments
Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is not correct ?
Choose your answer(a)UPI is a real-time payment system but Digital Rupee is akin to sovereign paper currency.(b)In case of UPI, settlement for end users happens instantly as the money gets immediately debited or credited but in case of Digital Rupee, there is no settlement as the wallet balance gets transferred to another wallet.(c)UPI transactions are recorded by banks and reflected in bank statements but in case of Digital Rupee, no data is captured in bank statements as transactions are from one wallet to another.(d)In both the cases (UPI and Digital Rupee), the liability lies with the users and their respective banks.
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2025 · Question 68 · Digital Payments
Consider the following statements in respect of RTGS and NEFT : I. In RTGS, the settlement time is instantaneous while in case of NEFT, it takes some time to settle payments. II. In RTGS, the customer is charged for inward transactions while that is not the case for NEFT. III. Operating hours for RTGS are restricted on certain days while this is not true for NEFT. Which of the statements given above is/are correct?
Choose your answer(a)I only(b)I and II(c)I and III(d)III only
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)
2025 · Question 69 · Digital Payments
Consider the following countries : I. United Arab Emirates II. France III. Germany IV. Singapore V. Bangladesh How many countries amongst the above are there other than India where international merchant payments are accepted under UPI?
Choose your answer(a)Only two(b)Only three(c)Only four(d)All the five
Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)

Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is not correct ?

Consider the following countries : I. United Arab Emirates II. France III. Germany IV. Singapore V. Bangladesh How many countries amongst the above are there other than India where international merchant payments are accepted under UPI?