GyanGramQuestion
Which of the following is the most likely consequence of implementing the ‘Unified Payments Interface (UPI)’?
PRELIMS 2017 · INDIAN ECONOMY
Which of the following is the most likely consequence of implementing the ‘Unified Paymen…
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• Correct Answer: A
• UPI enables direct real-time bank-to-bank transfers via VPA or mobile number, eliminating the need for third-party mobile wallets.
• It is a key component of India's digital payment infrastructure under NPCI.
• Options B, C, and D describe outcomes not directly or immediately caused by UPI implementation.
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