Sample questions
You've seen the pattern — here are a few of the actual PYQs.
CSE2026
Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is not correct?
- A UPI is a real-time payment system but Digital Rupee is akin to sovereign paper currency.
- B In case of UPI, settlement for end users happens instantly as the money gets immediately debited or credited but in case of Digital Rupee, there is no settlement as the wallet balance gets transferred to another wallet.
- C UPI transactions are recorded by banks and reflected in bank statements but in case of Digital Rupee, no data is captured in bank statements as transactions are from one wallet to another.
- D In both the cases (UPI and Digital Rupee), the liability lies with the users and their respective banks. ✓
✓ Correct answer: (D)
Economy › Money/Banking/Finance
CSE2025
Consider the following countries
- United Arab Emirates
- France
- Germany
- Singapore
- Bangladesh How many countries amongst the above are there other than India where international merchant payments are accepted under UPI?
- A Only two
- B Only three ✓
- C Only four
- D All the five
✓ Correct answer: (B)
Economy › Money/Banking/Finance
CSE2017
Which of the following is a most likely consequence of implementing the 'Unified Payments Interface (UPI)' ?
- A Mobile wallets will not be necessary for online payments. ✓
- B Digital currency will totally replace the physical currency in about two decades.
- C FDI inflows will drastically increase.
- D Direct transfer of subsidies to poor people will become very effective.
✓ Correct answer: (A)
Economy › Money/Banking/Finance
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