India's digital payments market will be tripled to ______ by 2026.

$5 trillion

$7 trillion

$10 trillion

$20 trillion

Correct Answer : Option (C) - $10 trillion

According to the latest study which was conducted by digital payments firm PhonePe and Boston Consulting Group (BCG) states that India's digital payment market is expected to more than triple to $10 trillion by 2026.

Presently, 40% of all transactions in India are digital, and payments worth $3 trillion were processed by digital instruments in 2021.

India's UPI continues to grow, clocking $5.95 billion transactions worth Rs $10.41 lakh crore in May 2022..

Source : F T L

Published On : June 6, 2022

Category : Business and Economics

Recent General Knowledge Questions

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Who secured third place at the inaugural King Cup International Badminton Open in Bangkok?

Hu Zhe'an

Alex Lanier

Kidambi Srikanth

Lakshya Sen

Correct Answer : Lakshya Sen

* Lakshya Sen, the 23-year-old Indian badminton star from Almora, clinched third place at the King Cup International Badminton Open in Bangkok.

* He defeated French rising star Alex Lanier in the bronze-medal playoff with a convincing scoreline of 21-17, 21-11.

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Who broke the record for the fastest 200 wickets by an Indian in Test cricket?

Jasprit Bumrah

Ravindra Jadeja

Mohammed Shami

Ravichandran Ashwin

Correct Answer : Jasprit Bumrah

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* He surpassed the previous record held by Mohammed Shami. Bumrah's exceptional performance, including a standout display in the Boxing Day Test against Australia, helped him achieve this feat with remarkable efficiency. His average of 19.56 made him the first bowler to reach 200 wickets with a sub-20 average, further cementing his place among the best Test bowlers globally.

Published On : December 31, 2024

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Q .

What is the projected growth rate of the Indian economy for FY25 according to Deloitte?

6.5-6.8%

6.7-7.3%

7.0-7.5%

7.2-7.8%

Correct Answer : 6.5-6.8%

* Deloitte forecasts the Indian economy to grow at 6.5-6.8% in FY25, driven by strong domestic consumption, infrastructure development, and digitisation efforts.

* While challenges such as geopolitical tensions and global liquidity constraints may pose risks, India’s resilience in services, manufacturing exports, and stable capital markets provides a solid foundation for sustained economic growth.

Published On : December 31, 2024

Category : Indian Economy