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    Question

    Consider the following statements about the Unified Payments Interface (UPI):

    I. UPI recorded 14.04 billion transactions in May.

    II. The total value of transactions in May was Rs 20.45 lakh crore.

    III. UPI's transaction volumes rebounded strongly after a minor decline in April, reflecting a 49% year-on-year growth in daily transaction counts.

    Which of the above statements is/are correct?

    A I and II only Correct Answer Incorrect Answer
    B II and III only Correct Answer Incorrect Answer
    C I and III only Correct Answer Incorrect Answer
    D All are correct Correct Answer Incorrect Answer
    E None are correct Correct Answer Incorrect Answer

    Solution

    All statements are accurate, reflecting the significant performance metrics of UPI in May, highlighting the record number of transactions, the substantial total value, and the remarkable year-on-year growth in transaction counts.

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