Question

Read the following statements carefully and choose the correct alternative from the following:
Statement 1 – The government has strengthen the unified payment interface (UPI) by NPCI, to secure digital payments as compared to past.
Statement 2 – With this payment, system has been made more accessible due to offline transactions, which makes it possible to use mobile banking services without internet to promote financial inclusion and to empower the poor and unbanked in the country. Alternatives: (a) Both the statements are true.
(b) Both the statements are false.
(c) Statement 1 is true and Statement 2 is false.
(d) Statement 2 is true and Statement 1 is false.
Pls give right answer ​

Answer 1

Answer:

Option c

Explanation:

Statement 1 is true statement 2 is false

Answer 2

Answer:

(a) Both the statements are true.

Explanation:

• The reserve bank of India, in collaboration with the national payments corporation of India (NPCI) has introduced the UPI 123Pay initiative.
• Launched in the year 2022, it aims to allow people to make UPI (Unified Payments Interface) payments in a safe and secure manner, even without an internet connection using only feature phones.
• This will allow more and more people, especially the weaker sections of the society, to make payments easily- even without a smart phone. Thus, the scheme will promote financial inclusion in the country.
• Thus, both of the statements given in the question are true.

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