Which of the following encourage cashless economy
Code:
Which of the following encourage cashless economy
Code:
The correct option is C 1, 2 and 3 only
Moving towards cashless economy is a means to curb black money flow into the system.
The Union Cabinet has approved several steps to promote cashless transactions in the country.
Approved steps include:
Mandatory card-based or electronic payments beyond a prescribed threshold.
The withdrawal of any additional charge currently imposed on card or digital payments by various government entities.
The introduction of the required infrastructure for digital payments in all government offices.
Rationalisation of the merchant discount rate (MDR) on card transactions and telecom service charges for digital financial transactions to promote mobile banking.
Apart from this, Jan dhanyojana-Aadhar-Mobile and RuPay debit card target both, financial inclusion and direct transfer of benefits.
White label ATMs are owned and operated by non-bank entities but they are not doing ‘outsourcing-contract’ from a particular bank
1, 2 and 3 only
Moving towards cashless economy is a means to curb black money flow into the system.
The Union Cabinet has approved several steps to promote cashless transactions in the country.
Approved steps include:
Mandatory card-based or electronic payments beyond a prescribed threshold.
The withdrawal of any additional charge currently imposed on card or digital payments by various government entities.
The introduction of the required infrastructure for digital payments in all government offices.
Rationalisation of the merchant discount rate (MDR) on card transactions and telecom service charges for digital financial transactions to promote mobile banking.
Apart from this, Jan dhanyojana-Aadhar-Mobile and RuPay debit card target both, financial inclusion and direct transfer of benefits.
White label ATMs are owned and operated by non-bank entities but they are not doing ‘outsourcing-contract’ from a particular bank
