Q. Consider the following statements regarding e-RUPI
1. It will work without any card, digital payment app, or internet banking access.
2. Private sector can also leverage e-RUPI as part of their employee welfare and corporate social responsibility programs.
Which of the above statements is/are correct?
Red Book
Red Book

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Both 1 and 2

Answer: C
Notes:

Both statements are correct. 

About e-RUPI: 

  • e-RUPI is a cashless and contactless instrument for digital payment. It is founded on the Unified Payment Interface(UPI) platform. 
  • Purpose: It is designed to be a person and purpose-specific digital payment solution. It seeks to ensure that government schemes reach intended beneficiaries in a targeted and leak-proof manner, with limited touchpoints between the government and the beneficiary. 
  • Developed by: National Payments Corporation of India (NPCI) in collaboration with the Department of Financial Services (DFS), the Union Health Ministry, and the National Health Authority (NHA). 

SourceArticle 


Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants

Subscribe to get the latest posts sent to your email.

Blog
Academy
Community