UPSC CURRENT AFFAIRS – 2 December 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. …
Syllabus: Economy Source: PIB Context: Launched in 2016 by NPCI, India’s UPI has revolutionized digital payments, achieving record usage in October 2024 and showcasing India’s digital financial leadership. UPI and Its Unique Features: Round-the-Clock Transactions: Operates 24/7, including holidays, for seamless fund transfers. Single Interface: Integrates multiple bank accounts in one mobile application. Secure Authentication: …
NOTE: Please remember that following ‘answers’ are NOT ‘model answers’. They are NOT synopsis too if we go by definition of the term. What we are providing is content that both meets demand of the question and at the same. General Studies – 1 Topic: Art and Culture Q1. Discuss the significance of …
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The Insights IAS Secure Initiative for UPSC Mains Answer Writing practice enables you to practice daily answer writing, enhancing your skills and boosting your scores with regular feedback, expert tips, and strategies. Let consistency be the hallmark of your preparation and utilize UPSC Mains Answer Writing practice initiative wisely Click on EACH question to post/upload …
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Topic: Indian Economy/ Digital Economy Q5. How has UPI revolutionized digital payments in India and what are its implications for Indian society and the economy? Also, briefly highlight how India’s digital payment revolution is inspiring the world. (250 Words) Difficulty level: Moderate Reference: Indian Express Why the question? India’s Unified Payments Interface (UPI) and FPSs …
Facts for Prelims (FFP) Source: LM Context: The Reserve Bank of India (RBI) has introduced several measures to further advance digital payments through the unified payments interface (UPI): Features are: Conversational Payments with AI: The RBI is launching “conversational payments” (audio interaction with AI bots) on UPI, enabling users to interact with an AI-powered …
Facts For Prelims: Source: Indian Express Context: The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlements system, which can be operated from anywhere by a bare minimum staff in exigencies such as natural calamities or war. The infrastructure for this system will be independent of the technologies that underlie the …
GS Paper 3 Syllabus: Achievements of Indians in Science & Technology; Indigenization of Technology and Developing New Technology Source: IE Context: The digital revolution has transformed the lives of ordinary citizens, given the power to the poorest and marginalised, and offered the youth the ability to create. Digital initiatives that have changed the …
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GS Paper 3 Syllabus: Banking/ Financial Inclusion Source: PIB, Forbes, PIB Context: In January this year, about eight billion (800 crores) transactions worth nearly $200 billion (Rs. 2 lakh crores approximately) were carried out on the Unified Payment Interface (UPI) What is Digital Payment System? A digital payment sometimes called an electronic payment, is …
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InstaLinks : help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their …
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GS Paper 3: Topics Covered: Inclusive growth and issues arising out of it. Context: The Reserve Bank of India has launched a new Unified Payments Interface (UPI) payments solution for feature phone users dubbed ‘UPI123Pay’. What is UPI123Pay? UPI ‘123PAY’ is a three-step method to initiate and execute services for users which will …
GS Paper 3: Topics Covered: Developments in Science and Technology. Context: The National Payments Corporation of India (NPCI) has announced that the neighboring country of Nepal will be the first foreign country to adopt India’s UPI system. What is UPI? Unified Payments Interface (UPI) is an instant real-time payment system, allowing users to …
GS Paper 3: Topics Covered: Developments related to Science and Technology. Context: The UPI facility will soon be extended to feature phone users. At the moment, the unified payments interface (UPI) — the single largest retail payments system in the country in terms of volume of transactions for small-value payments — is available only …
