Question

Cashless India is a great mission launched by the government to reduce the dependency of Indian economy on cash’. Identify the INCORRECT statement with regards to the cashless economy.

a. The cashless economy helps us in keeping safe in a world of anti-socials.

b. It uses digital medium for all kinds of transactions such as bill payments, fees payments, fund transfer, etc.

c. Cashless economy guarantees better quality products.

d. It will ensure a ‘black-money free India’.

Answer 1

Answer:

c

Explanation:

cashless economy can give many advantages despite these advantages it cannot improve the quality of goods produced in an economy