Welcome to your 14.08.2026
Statements:
III. Unlike India, Brazil transitioned to higher ethanol blending levels along with vehicle modifications over a period spanning several decades.
Inferences:
Which of the following is/are correct?
Statement I: UPI transactions in India have expanded from a small-scale digital payment system in 2016 to billions of transactions annually, with UPI accounting for a dominant share of India’s digital payment volumes.
Statement II: The zero-MDR framework for UPI transactions was introduced to encourage wider adoption of digital payments by keeping transaction costs low for users and merchants.
Statement III: Despite rapid growth in transaction volumes, the UPI ecosystem faces concerns regarding the sustainability of its cost structure, as banks and other ecosystem participants continue to incur expenses in processing transactions.
Which one of the following inferences can be drawn from the above statements?
Select the correct answer using the code given below:
Which of the statements given above is/are correct?
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