CURRENT AFFAIRS

2023

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

Cabinet cleared Rs how many crores to promote RuPay debit card and BHIM transactions?

A	1,500
B	2,600
C	3,000
D	2,567

Explanation:

Detailed explanation-1: -The Union Cabinet on Wednesday approved a ₹2, 600-crore incentive scheme to promote Rupay debit card and low-value BHIM-UPI transactions (person-to-merchant) in FY23. A decision in this regard was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi.

Detailed explanation-2: -The Union Cabinet approved an outlay of ₹2, 600 crore to promote payments using RuPay cards and the Unified Payments Interface (UPI), Union Minister Bhupendra Yadav announced on Wednesday. Banks will be provided this incentive money to promote such digital payments, the Cabinet said in a press release.

Detailed explanation-3: -Transaction through this process will follow UPI standard transaction limits. The transaction limit per card per day is Rs 1 lakh, and it can go up to Rs 2 lakh per transaction for verified merchants in specific categories.

There is 1 question to complete.