Which of the following is a most likely consequence of implementing the ‘Unified Payments Interface (UPI)’?
AMobile wallets will not be necessary for online payments.
BDigital currency will totally replace the physical currency in about two decades.
CFDI inflows will drastically increase.
DDirect transfer of subsidies to poor people will become very effective.
Answer & Solution
Correct answer: B. Digital currency will totally replace the physical currency in about two decades.
UPSC CSE Prelims 2017 (GS-I, Set C), Q.43. Official answer key: B.
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