Economy & Business MCQs

221.

India's position in the global fintech landscape is strengthened by:

A Its reliance on traditional banking methods

B Its leadership in fintech innovation

C Its limited digital infrastructure

D Its low internet penetration

222.

What does the 'meteoric rise' of UPI signify?

A A gradual and slow adoption

B A rapid and impressive increase

C A temporary trend

D A decline in technological advancement

223.

The article suggests that government initiatives promoting financial inclusion and digital literacy have:

A Hindered the adoption of digital payments

B Brought a larger segment of the population into the digital payment fold

C Increased the cost of digital transactions

D Led to a decline in UPI usage

224.

Which of the following is a key characteristic of UPI's growth in FY 2025-26?

A Stagnant transaction volume

B Widespread adoption of mobile-first financial solutions

C Limited merchant acceptance

D Decreased government support

225.

The value of UPI transactions also saw a substantial increase, reflecting:

A Greater confidence and usage in high-value transfers

B A shift towards only micro-transactions

C Decreased spending power of consumers

D Increased use of physical currency

226.

According to experts, UPI is poised to become a dominant force in:

A Traditional banking

B Global digital payments

C Physical currency circulation

D Offline retail transactions

227.

What is a significant outcome of UPI's robust performance mentioned in the article?

A Increased reliance on cash transactions

B Streamlined commerce and valuable data insights

C Reduced innovation in the fintech sector

D Limited adoption in rural areas

228.

Which of the following is NOT mentioned as a factor contributing to the UPI surge?

A Enhanced user experience

B Increased merchant acceptance

C Government initiatives for digital literacy

D High transaction fees

229.

The surge in UPI transactions indicates:

A A decline in digital literacy

B A slowdown in financial inclusion

C Rapid digital transformation of India's payment ecosystem

D Decreased merchant acceptance

230.

What milestone did UPI transactions achieve in FY 2025-26?

A 100 billion transactions

B 150 billion transactions

C 200 billion transactions

D 250 billion transactions