Social Sciences, asked by aroradhruv8856, 1 year ago

Benefits of cashless system by insight on india

Answers

Answered by khalid442

we will be discussing about countries which are moving towards a cashless economy and try to find out various pros and cons related to this new form of economy. We will also include modern digital and electronic technologies that has potential to change not only banking experience but also the definition of banking. Apart from financial institutions we will also consider role of payment companies regarding the subject.

One of the most important institution that will be the trump card for the cashless economy is Reserve Bank of India (RBI) and its policies, so it be our prime focus. We will also cover measures to bring cashless economy in ours economic system.

Raichal: When I am study History class chapters of history says about me that the cashless dealers in the ancient period it is going to be implemented in many of the countries and I am glad to be have a cashless system in our countries as soon as possible it will benefit many of us to have non discrimination social system in our country annual benefit many non-discrimination system is how the in many parts of our country and it also relates to the unification of all countries in to a one country

Answered by Avanish010

hi there,
1.it will prevent corruption.
2.prevent consumers from exploitation.
3.it makes the effective functioning of market.
4.it makes transaction easier.

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