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MCQs - 2026-03

2811.
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
2812.
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
2813.
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
2814.
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
2815.
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
2816.
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
2817.
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
2818.
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
2819.
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
2820.
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