Why is a cashless society good?

Cashless society helps in carrying out financial transactions from any place and at any time. It also helps in reducing the black money circulating in the economy. You can read about the Cashless Economy in India – Definition, Types and Advantages for UPSC Economy in the given link.

Further readings:

  1. Topic-Wise GS 3 Questions for UPSC Mains
  2. Bharat Interface for Money (BHIM): Notes for the UPSC Exam

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