Which of the following is a most likely consequence of implementing the ‘Unifi

Question

Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’?

Options:

A . FDI inflows will drastically increase.

B . Digital currency will totally replace the physical currency in about two decades.

C . Mobile wallets will not be necessary for online payments.

D . Direct transfer of subsidies to poor people will become very effective.

Answer: Option C
Answer: (c)“A” is the most appropriate choice. Mobile wallets will not be necessary, because your mobile number is directly linked with the bank account using bank’s ‘customized app’ which is built on the UPI platform.

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