How many members committee will constituted to suggest steps to promote card payments with an aim to discourage cash transactions

2016

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

A	7
B	9
C	11
D	13

Explanation:

Detailed explanation-1: -Detailed Solution: The Reserve Bank of India (RBI) announced that it was constituting of a ‘high-level committee for deepening of digital payments’. Former UIDAI chairman and Infosys Co-founder Nandan Nilekani as the Chairman of the five-member committee.

Detailed explanation-2: -RBI appointed committee on digital payments, headed by Nandan Nilekani, has made recommendations for strengthening digital payments ecosystem in India.

Detailed explanation-3: -Recommendations of the Ratan P Watal Committee: It has recommended upgrading the institutions and infrastructure supporting digital payments as well as the interoperability of the payments system between banks and non-banks.

Detailed explanation-4: -India has 350 mn digital payment users, count set to double by 2030: Report.

There is 1 question to complete.