The Reserve Bank of India (RBI) will capture the payment habits of individuals in six cities Mumbai, Delhi, Kolkata, Chennai, Bengaluru and Guwahati. For the purpose, the central bank has launched a survey. What is the name this survey?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Survey on Retail Permitted Habitat of Individuals
B	Survey on Retail Protective Habitat of Individuals
C	Survey on Retail Perplexity Habits of Individuals
D	Survey on Retail Payment Habits of Individuals

Explanation:

Detailed explanation-1: -The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) since January 1, 2021 with March 2018 as base to capture the extent of digitisation of payments across the country. The index for September 2022 stands at 377.46 as against 349.30 for March 2022.

Detailed explanation-2: -The Reserve Bank of India’s (RBI) digital payments index (DPI) increased from 304.46 for September 2021 to 349.30 for March 2022, showing that the country is seeing an increase in digital payments, driven in part by unified payments interface (UPI). At the end of March 2021, the index was 270.59.

Detailed explanation-3: -The correct answer is option (1) i.e. Airtel Payments bank. The payments bank gets registered as a public limited company under the Companies Act, 2013, and is licensed under Section 22 of the Banking Regulation Act, 1949. Payment banks cannot issue Credit cards. Airtel Payments bank’s headquarters is in New Delhi.

Detailed explanation-4: -All Scheduled Commercial Banks, Non-Banking Financial Companies (NBFCs), and Payment Banks are regulated by the Reserve Bank of India.

There is 1 question to complete.