2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Assam
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Meghalaya
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Manipur
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Tripura
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Detailed explanation-1: -In Sweden, technology is close to making cash a thing of the past. All aboard with the cashless society? Sweden has been at the forefront of banking innovation for a long time. The country’s first automatic cash machine was inaugurated in July 1967, only a week after the world’s very first one was opened in London.
Detailed explanation-2: -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-3: -Since the late 20th century, India has been slowly but steadily moving towards cashless economy with ATMS, MICR, debit cards, credit cards.
Detailed explanation-4: -Targeting small and medium merchants of Tier two and three cities, payment technology major Mastercard launched its flagship ‘Team Cashless India’ campaign in the city to boost digital payments.