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Topic Payment systems
Asked 3 times across 2 UPSC exams over 2 years (2023–2025), peaking in 2025.
Key insights
- Most tested in LDCE — 2 of 3 PYQs
- First appeared in LDCE 2023 — 2 years before CSE 2025 (allied exams preview CSE)
- Most asked in 2025
- Recurs across 3 years (2023–2025)
How it travelled across exams
First appearance in each exam — the same idea, reframed.
LDCE 2023 → CSE 2025
How the concept evolved
Rising — more than half its appearances (3 of 3) are since 2016.
Related concepts
Ideas UPSC tests alongside this one — keep exploring.
Sample questions
You've seen the pattern — here are a few of the actual PYQs.
CSE2025
Consider the following statements in respect of RTGS and NEFT
- In RTGS, the settlement time is instantaneous while in case of NEFT, it takes some time to settle payments
- In RTGS, the customer is charged for inward transactions while that is not the case for NEFT
- Operating hours for RTGS are restricted on certain days while this is not true for NEFT
Which of the statements given above is/are correct?
- A I only ✓
- B I and II
- C I and III
- D III only
✓ Correct answer: (A)
Economy › Money/Banking/Finance
LDCE2024
Which among the following maintains Real Time Gross Settlement ?
- A Reserve Bank of India ✓
- B Asian Development Bank
- C World Bank
- D State Bank of India
✓ Correct answer: (A)
Economy › Money/Banking/Finance
LDCE2023
Consider the following differences between Credit cards and Debit cards
- While credit card can be used with zero balance in the account, to use debit card one must have balance in saving/current account
- While a credit card is connected to the bank or financial institution that issued the card, debit card is connected to a personal bank account
Which of the above statements is/are correct?
- A 1 only
- B 2 only
- C Both 1 and 2 ✓
- D Neither 1 nor 2
✓ Correct answer: (C)
Economy › Money/Banking/Finance
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