Which state has ranked the second Cashless India Scorecard prepared by Walnut app to track the growth of digital payments in the country.

2017

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

Which state has ranked the second ‘Cashless India Scorecard’ prepared by Walnut app to track the growth of digital payments in the country.

A	Haryana
B	Odisha
C	Madhya Pradesh
D	Telangana

Explanation:

Detailed explanation-1: -Showing its gleaming performance towards the adoption of digital payments, Telangana has secured second in the “Cashless India Scorecard” prepared by Walnut app. The app was prepared Walnut app to track the growth of digital payments in the country, reported The Hindu.

Detailed explanation-2: -India, which is driving the global digital economy, has already clocked about 70 billion digital payment transactions in 2022-the highest in the world. This is a sharp increase from the corresponding figure of 44 billion in 2021, according to data collation portal Statista.

Detailed explanation-3: -The Reserve Bank had announced construction of a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) with March 2018 as base to capture the extent of digitisation of payments across the country.

Detailed explanation-4: -Detailed Solution. The correct answer is Sweden.

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