CURRENT AFFAIRS

2020

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

RBI publicized the “Report of the Committee for Analysis of QR Code” under the chairmanship of which person?

A	Bimal Jalan
B	Deepak B. Phatak
C	Dilip Asbe
D	Giri Kumar Nair

Explanation:

Detailed explanation-1: -D.B. Phatak (Professor Emeritus, IIT-Bombay) to review the prevalent system of QR Codes in India for facilitating digital payments and submit recommendations.

Detailed explanation-2: -D.B. Phatak, to review the present system of QR Codes in India in digital payments.

Detailed explanation-3: -As you are aware, Reserve Bank had constituted a Committee (Chairperson : Prof Deepak Phatak) to review the current system of Quick Response (QR) Codes in India and suggest measures for moving towards interoperable QR Codes.

Detailed explanation-4: -Considering the recommendations of a committee led by Professor Deepak Phatak (Professor Emeritus, IIT-Bombay), the RBI has decided to continue with the existing two interoperable QR codes - Unified Payments Interface (UPI) QR and Bharat QR.

There is 1 question to complete.