How many member committee was constituted to promote cashless economy

2016

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

A	13
B	9
C	15
D	8

Explanation:

Detailed explanation-1: -This committee comprises seven members and the main aim is to develop a card acceptance infrastructure and fix interchange fees for credit cards. It was brought after the announcement of pulling Rs. 500 and Rs. 1000 currency notes out of circulation due to demonetization.

Detailed explanation-2: -Amitabh Kant Committee has been constituted by the government to make India a cashless economy by pushing cashless transaction. Q. Which committee has been constituted by Union Government to expedite capital acquisition for Armed Forces modernisation?

Detailed explanation-3: -The government’s demonetization initiative taken in 2016 paved the way for a cashless economy in India. Soon after, when the world was grappling with the pandemic, the government launched Unified Payment Interfaces (UPI) and rapidly established e-payment startups.

Detailed explanation-4: -History. Early ideas of a cashless society were expressed by Edward Bellamy in his novel Looking Backward. The trend towards the use of non-cash transactions and settlement in daily life began during the 1990s when electronic banking became common.

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