2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Delhi
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Andhra Pradesh
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Telangana
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Gujarat
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Detailed explanation-1: -The pilot launch was on 11th April 2016 by Dr. Raghuram G Rajan, Governor, RBI at Mumbai. Banks have started to upload their UPI enabled Apps on Google Play store from 25th August, 2016 onwards.
Detailed explanation-2: -The National Payments Corporation of India (NPCI), an umbrella organization for operating retail payments and settlement systems in India, conducted a pilot launch for UPI with 21 member banks. The pilot launch was started on 11th April 2016 by Dr. Raghuram G Rajan, Governor, RBI at Mumbai.
Detailed explanation-3: -Dilip Asbe, MD & CEO of NPCI-that created the UPI technology-has stated that “a billion transactions per day” is possible.
Detailed explanation-4: -Unified Payments Interface (UPI) has transformed the nation’s payment system in a variety of other ways, ultimately spurring economic growth. Life has gotten simpler after UPI was introduced. Everyone now accepts UPI, from cab drivers to valet parking, mall access to toll payments, electricity bills to LPG booking.