The committee's recommendations focused on policy and regulatory frameworks, infrastructure development, and awareness promotion for digital transactions.
Ratan Wattle Committee was formed on which of the following ?
Asked in GPSC Prelims CSP 2 2017 · Topic: Money & Banking (Payment Systems in India: Digital Payments, UPI, and Central Bank Digital Currency (CBDC))
More Economic Development questions
- ________ is a mobile app launched to make India cash-free.
- Which of the following statements are correct regarding National Payments Corporation of India (NPCI)? 1. It is an initiative of RBI and Indian Banks Association 2. It was incorporated as a 'Not for Profit' Company in 2008 3. UPI, RuPay Card, and BHIM app are the major products of NPCI 4. This is an umbrella organization to operate Retail Payments and Settlement System in India
- Match the following List-I with List-II: List-I List-II 1. Onsite a) this type of ATM situated with‐ ATM in or near to the Branch 2. White lab) lease of the ATM is owned by bel ATM the Service provider 3. Brown c) ATMs set up, owned, operated Label ATM by Non-Banking institutions d) located within the premises of 4. Worksite an organization for their employ‐ ATM ees
- World's first country to have cashless economy
- The Reserve Bank of India released it's vision on 'Architecture of Digital Finance' in a document for Payment Systems on July 17, 2022. In respect of this, which of the following statements are not correct? (i) This is called Payment Vision 2025 document. (ii) This document includes Bigtechs and Finetechs in payments. (iii) It includes introducing Bitcoin currency. (iv) It delinks Credit Cards with the Unified Payments Interface.
- Which out of the following is the largest network of shared ATMs in India, run by the National Payments Corporation of India?
- Which of the following statements is incorrect with respect to TReDS?
- Some suggest that India needs to move to an escrow-based payment mechanism to ensure a fearless business environment in the country. Which of the following correctly describes an escrow account ?