MCQ
UPI charges MCQ - Practice Questions with Answers
Solve 2 UPI charges questions for RAS/RPSC preparation.
Practice questions
Q1With reference to the clarified framework for UPI charges, consider the following statements: 1. UPI will remain free for users, including all person-to-person transfers. 2. If MDR is applied, an NPCI-chaired UPI and Service Operations Committee will decide on it. Which of the statements given above is/are correct?
Explanation
Both statements are correct. UPI will remain free for users and all person-to-person transfers. If MDR is introduced for selected merchant transactions above a threshold, the NPCI-chaired committee will decide on it.
Q2Consider the following statements regarding the government's clarification on UPI charges: 1. All person-to-person UPI transactions will remain free. 2. MDR will apply uniformly to every merchant transaction. Which of the statements given above is/are correct?
Explanation
Statement 1 is correct: all person-to-person UPI transactions will remain free. Statement 2 is incorrect: any MDR will be threshold-based and limited to selected merchant transactions, not applied uniformly to all merchant transactions.
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