New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Consider the following statements: 1.The Unified

    Payment Interface (UPI) led by the National Payments Corporation of India International (NPCIL) transformed the payment landscape in India. 2.Digital transformation enables the rethinking of business processes and organizational structures. 3.Innovation can be driven only by changes in technology. Which of the statements given above is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 1 and 2 only Correct Answer Incorrect Answer
    C 1 and 3 only Correct Answer Incorrect Answer
    D 2 and 3 only Correct Answer Incorrect Answer
    E 1, 2 and 3 Correct Answer Incorrect Answer

    Solution

    The payment scenario in India underwent a significant transformation due to the introduction of the Unified Payment Interface (UPI) by the National Payments Corporation of India International (NPCIL). Hence, statement 1 is correct. Innovation can be driven by a wide range of factors, including advances in technology, changes in consumer preferences, and shifts in market conditions. Hence, statement 3 is incorrect. Digital transformation involves not only the adoption of new technologies but also the rethinking of business processes and organizational structures. Hence, statement 2 is correct.

    Practice Next