UPSC 2025 › Indian Economy › Digital Payments & Financial Inclusion

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UPSC 2025 · Q68 · Indian Economy › Digital Payments & Financial Inclusion · Save

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?

(a) I only
(b) I and II
(c) I and III
(d) III only
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Answer: (a) I only
UPSC 2025 · Q69 · Indian Economy › Digital Payments & Financial Inclusion · Save

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?

(a) Only two
(b) Only three
(c) Only four
(d) All the five
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Answer: (b) Only three