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Consider the following statements regarding Digi-धन Vyapar Yojana:
I. Prizes for Merchants for all digital transactions conducted at Merchant establishments.
II. Weekly prizes worth Rs. 50,000, Rs 5,000 and Rs. 2,500.
Which of the following statement(s) is/are correct?
  • a)
    Only I
  • b)
    Only II
  • c)
    Both I and II
  • d)
    Neither I nor II
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Consider the following statements regarding Digi-धन Vyapar...
Answer: c
Explanation:
The scheme specially focuses on bringing the poor, lower middle class and small businesses into the digital payment fold. It has been decided that National Payment Corporation of India (NPCI) shall be the implementing agency for this scheme. It would be useful to reiterate that NPCI is a not for profit company which is charged with a responsibility of guiding India towards being a cashless society.
The scheme will become operational with the first draw on 25th December, 2016 (as a Christmas gift to the nation) leading up to a Mega Draw on Babasaheb Ambedkar Jayanti on 14th April 2017.
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Consider the following statements regarding Digi-धन Vyapar Yojana:I. Prizes for Merchants for all digital transactions conducted at Merchant establishments.II. Weekly prizes worth Rs. 50,000, Rs 5,000 and Rs. 2,500.Which of the following statement(s) is/are correct?a)Only Ib)Only IIc)Both I and IId)Neither I nor IICorrect answer is option 'C'. Can you explain this answer?
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