New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    The value of UPI transactions has grown from ₹ 1 lakh

    crore in FY 2017-18 to ________ in FY 2022-23 at a CAGR of 168%.
    A Rs.124 lakh crore Correct Answer Incorrect Answer
    B Rs.131 lakh crore Correct Answer Incorrect Answer
    C Rs.139 lakh crore Correct Answer Incorrect Answer
    D Rs.148 lakh crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Unified Payments Interface (UPI) transactions have grown from 92 crore in FY 2017-18 to 8,375 crore in FY 2022-23 at a Compound Annual Growth Rate (CAGR) of 147% in terms of volume. Similarly, the value of UPI transactions has grown from ₹ 1 lakh crore in FY 2017-18 to ₹ 139 lakh crore in FY 2022-23 at a CAGR of 168%.

    Practice Next

    Relevant for Exams: