The Union Government has shifted the responsibility of promoting digital transactions in the country to the Union Ministry of IT and Electronics (MEITY) from which finance Organisation

2017

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

A	World Bank
B	RBI
C	NITI Aayog
D	ADB

Explanation:

Detailed explanation-1: -Ministry of Electronics & Information Technology (MeitY), Digital Economy & Digital Payment Division has been entrusted with the responsibility of leading this initiative on “Promotion of Digital Transactions including Digital Payments”.

Detailed explanation-2: -The government implemented demonetization in 2016 to curb the circulation of black money. Demonetization was one of the most radical steps taken in this direction. This initiative significantly reduced availability of liquid cash and pushed people towards opting cashless modes of payments.

Detailed explanation-3: -Detailed Solution. A High-Level Committee on Deepening of Digital Payments has been set up by the Reserve Bank of India under the Chairmanship of Nandan Nilekani.

Detailed explanation-4: -Digi Dhan Abhiyan is a Ministry of Electronics and IT (MeitY) campaign to promote cashless transactions. The campaign aims to enable every citizen, small trader and merchant to promote digital payment in their every day financial transactions.

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