Which of the following is a most likely consequence of implementing the lsquo Unified Payments Inter...........

Economic Affairs Financial Institutions

Download Solution PDF

Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’?

Mobile wallets will not be necessary for online payments.

Digital currency will totally replace the physical currency in about two decades.

FDI inflows will drastically increase.

Direct transfer of subsidies to poor people will become very effective.

छोटे Courses बड़े Results

Master Financial Institutions

Prepare through Micro-courses

Try Now

Explanation:

Justification: Option A and D: UPI allows a customer to pay directly from a bank account to different merchants, both online and offline, without the hassle of typing credit card details, IFSC code, or net banking/wallet passwords. So, A is correct and thus D is inappropriate in this context (as we are not talking about government to people transfer through UPI).
Option B and C: These are uncertain events, hence discarded