Digital Payment Systems

Economics ⇒ Money and Banking

Digital Payment Systems starts at 11 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Digital Payment Systems. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.

See sample questions for grade 12

Describe any two challenges faced in the adoption of digital payment systems in rural India.

Explain how digital payment systems contribute to the reduction of transaction costs.

Explain the concept of 'cashless economy' in the context of digital payment systems.

Explain the impact of demonetisation on the adoption of digital payment systems in India.

Explain the importance of digital payment systems in promoting transparency in the economy.

Explain the main difference between NEFT and RTGS in digital payments.

Explain the process of making a payment using a QR code in a digital payment system.

Explain the role of NPCI in digital payment systems in India.

Explain the term 'Two-Factor Authentication' in the context of digital payments.