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Consider the following statements regarding e-RUPI.
1. e-RUPI is India’s first digital currency.
2. It has been developed by the National Payments Corporation of India (NPCI).
Which of the above statements is/are correct?
- a)1only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Consider the following statements regarding e-RUPI.1. e-RUPI is India&...
e-RUPI is a cashless and contactless digital payment medium, which will be delivered to mobile phones of beneficiaries in form of an SMS-string or a QR code.
This will essentially be like a prepaid gift-voucher that will be redeemable at specific accepting centres without any credit or debit card, a mobile app or internet banking. e-RUPI will connect the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface.
The platform, which has been developed by the National Payments Corporation of India (NPCI), Department of Financial Services, Ministry of Health and Family Welfare and the National Health Authority, will be a person-specific and purpose-specific payments system.
According to the government, e-RUPI is expected to ensure a leak-proof delivery of welfare services. It can also be used for delivering services under schemes meant for providing drugs and nutritional support under Mother and Child welfare schemes, TB eradication programmes, drugs & diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertiliser subsidies etc. The government also said that even the private sector can leverage these digital vouchers as part of their employee welfare and corporate social responsibility programmes.
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Consider the following statements regarding e-RUPI.1. e-RUPI is India&...
's first digital payment solution that connects service providers and beneficiaries without the need for a physical payment instrument.
2. It can be redeemed only by the person to whom it is issued, ensuring targeted and leak-proof delivery of welfare services.
3. e-RUPI is a contactless and cashless payment system that operates on a QR code or SMS-based mechanism.
4. It is a government-backed initiative to promote digital transactions and financial inclusion among the underprivileged sections of society.
All of the above statements regarding e-RUPI are true.
2. It can be redeemed only by the person to whom it is issued, ensuring targeted and leak-proof delivery of welfare services.
3. e-RUPI is a contactless and cashless payment system that operates on a QR code or SMS-based mechanism.
4. It is a government-backed initiative to promote digital transactions and financial inclusion among the underprivileged sections of society.
All of the above statements regarding e-RUPI are true.
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Community Answer
Consider the following statements regarding e-RUPI.1. e-RUPI is India&...
e-RUPI is a cashless and contactless digital payment medium, which will be delivered to mobile phones of beneficiaries in form of an SMS-string or a QR code.
This will essentially be like a prepaid gift-voucher that will be redeemable at specific accepting centres without any credit or debit card, a mobile app or internet banking. e-RUPI will connect the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface.
The platform, which has been developed by the National Payments Corporation of India (NPCI), Department of Financial Services, Ministry of Health and Family Welfare and the National Health Authority, will be a person-specific and purpose-specific payments system.
According to the government, e-RUPI is expected to ensure a leak-proof delivery of welfare services. It can also be used for delivering services under schemes meant for providing drugs and nutritional support under Mother and Child welfare schemes, TB eradication programmes, drugs & diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertiliser subsidies etc. The government also said that even the private sector can leverage these digital vouchers as part of their employee welfare and corporate social responsibility programmes.
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Consider the following statements regarding e-RUPI.1. e-RUPI is India’s first digital currency.2. It has been developed by the National Payments Corporation of India (NPCI).Which of the above statements is/are correct?a)1onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding e-RUPI.1. e-RUPI is India’s first digital currency.2. It has been developed by the National Payments Corporation of India (NPCI).Which of the above statements is/are correct?a)1onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding e-RUPI.1. e-RUPI is India’s first digital currency.2. It has been developed by the National Payments Corporation of India (NPCI).Which of the above statements is/are correct?a)1onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding e-RUPI.1. e-RUPI is India’s first digital currency.2. It has been developed by the National Payments Corporation of India (NPCI).Which of the above statements is/are correct?a)1onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements regarding e-RUPI.1. e-RUPI is India’s first digital currency.2. It has been developed by the National Payments Corporation of India (NPCI).Which of the above statements is/are correct?a)1onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding e-RUPI.1. e-RUPI is India’s first digital currency.2. It has been developed by the National Payments Corporation of India (NPCI).Which of the above statements is/are correct?a)1onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding e-RUPI.1. e-RUPI is India’s first digital currency.2. It has been developed by the National Payments Corporation of India (NPCI).Which of the above statements is/are correct?a)1onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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