Question

    Which of the following instruments is considered an alternative to cash in the Indian payment system?

    A Credit Card Correct Answer Incorrect Answer
    B NEFT Correct Answer Incorrect Answer
    C Demand Draft Correct Answer Incorrect Answer
    D UPI Correct Answer Incorrect Answer
    E Cheque Correct Answer Incorrect Answer

    Solution

    Unified Payments Interface (UPI) is considered an alternative to cash in the Indian payment system. It allows instant money transfer between bank accounts through a mobile interface.

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