Consider the following statements regarding Lucky Grahak Yojana:I. The scheme is launched by NITi Ayog to give cash awards to consumers who utilize digital payment instruments for personal consumption expenditures.II. The scheme specially focuses on bringing the poor, lower middle class and small businesses into the digital payment fold.III. It has been decided that National Payment Corporation of India (NPCI) shall be the implementing agency for this scheme.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer?

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Consider the following statements regarding Lucky Grahak Yojana:

I. The scheme is launched by NITi Ayog to give cash awards to consumers who utilize digital payment instruments for personal consumption expenditures.

II. The scheme specially focuses on bringing the poor, lower middle class and small businesses into the digital payment fold.

III. It has been decided that National Payment Corporation of India (NPCI) shall be the implementing agency for this scheme.

Which of the following statement(s) is/are correct?

a)
Only I
b)
I and II
c)
I and III
d)
All of the above

Correct answer is option 'D'. Can you explain this answer?

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Consider the following statements regarding Lucky Grahak Yojana:I. The...

Answer: d

Explanation:

The primary aim of the scheme is to incentivize digital transactions so that electronic payments are adopted by all sections of the society, especially the poor and the middle class. It has been designed keeping in mind all sections of the society and their usage patterns.

Lucky Grahak Yojana [Consumers]:

(i) Daily reward of Rs 1000 to be given to 15,000 lucky Consumers for a period of 100 days;

(ii) Weekly prizes worth Rs 1 lakh, Rs 10,000 and Rs. 5000 for Consumers who use the alternate modes of digital Payments

This will include all forms of transactions viz. UPI, USSD, AEPS and RuPay Cards but will for the time being exclude transactions through Private Credit Cards and Digital Wallets.

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Consider the following statements regarding Lucky Grahak Yojana:I. The scheme is launched by NITi Ayog to give cash awards to consumers who utilize digital payment instruments for personal consumption expenditures.II. The scheme specially focuses on bringing the poor, lower middle class and small businesses into the digital payment fold.III. It has been decided that National Payment Corporation of India (NPCI) shall be the implementing agency for this scheme.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer?

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