With reference to the Digital Payment Index (DPI), consider the following statements: 1. It is developed by the Reserve Bank of India (RBI) to measure the extent of digital payment adoption in India. 2. It is published annually. Which of the statements given above is/are correct? |ForumIAS

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Q. With reference to the Digital Payment Index (DPI), consider the following statements:
1.It is developed by the Reserve Bank of India (RBI) to measure the extent of digital payment adoption in India.
2.It is published annually.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation:

Statement 1 is correct – The Digital Payment Index (DPI) is developed by the RBI to measure the penetration and adoption of digital payments across India.
Statement 2 is incorrect – The DPI is published semi-annually, not annually.

Source- ET