Mrunal Patel Unacademy's video: Economy E-Rupi scope expanded by RBI: Non-Bank PPI Individuals included in it upsc economy

The Reserve Bank of India (RBI) has announced that it will expand the scope of e-RUPI vouchers. Currently, e-RUPI vouchers can only be issued by banks on behalf of central and state governments. Under the new scheme, non-bank prepaid payment instrument (PPI) issuers will also be able to issue e-RUPI vouchers. Additionally, individuals will be able to buy e-RUPI vouchers on behalf of others. The RBI has said that the expansion of e-RUPI vouchers will make them more accessible to a wider range of users. It will also help to deepen the penetration of digital payments in India. E-RUPI vouchers are a one-time, contactless, cashless payment method that can be used for a variety of purposes. They can be used to make payments for healthcare, education, and other essential services. The RBI has said that the expansion of e-RUPI vouchers will help to improve the efficiency and transparency of government programs. It will also help to reduce fraud and leakages. The new scheme is expected to be rolled out in the coming months. Here are some of the benefits of the expansion of e-RUPI vouchers: 1. Increased accessibility: E-RUPI vouchers will be more accessible to a wider range of users, including those who do not have a bank account. 2. Deeper penetration of digital payments: The expansion of e-RUPI vouchers will help to deepen the penetration of digital payments in India. 3. Improved efficiency and transparency of government programs: The expansion of e-RUPI vouchers will help to improve the efficiency and transparency of government programs. 4. Reduced fraud and leakages: The expansion of e-RUPI vouchers will help to reduce fraud and leakages in government programs. The expansion of e-RUPI vouchers is a positive step by the RBI. It is a move that will help to make digital payments more accessible, efficient, and transparent in India. 🔠MCQ. How many of the following can pay for the E-Rupi prepaid voucher? (इनमें से कितने लोग/इकाइया E-Rupi वाउचर ख़रीदने के लिए पैसा दे सकते है?) 1. Union government 2. State governments 3. Companies 4. Individuals Answer Codes - A) only one of these - B) only two of these - C) only three of these - D) All four of these - E) I don't know, yet to watch the short Ans. All four correct. 🔠MCQ. Consider following statements about E-Rupi? - Statement1: Govt, Companies and Individuals can purchase E-Rupi vouchers from Banks. (सरकार, कम्पनी और व्यक्ति इसे बेंको से ख़रीद सकते है) - Statement2: E-Rupi is a purpose specific voucher. (ई-रुपी एक उद्देश्य विशिष्ट वाउचर है।) Answer Codes: (a) Both I & II are correct & II is the correct explanation for I (b) Both I & II are correct & II is not the correct explanation for 1 (c) I is correct but II is wrong (d) I is wrong but II is correct Ans. B- both right but 2 doesn’t explain 1. 🛎️Join https://telegram.me/mrunalorg for more tit-bits on UPSC IAS/IPS & other competitive exams 🛎️Join https://telegram.me/mrunalorg for more tit-bits on UPSC IAS/IPS & other competitive exams