WBCS.LIVE practice question

Which institution has released ‘Payments Vision 2025’?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. NABARD
  2. RBI
  3. WEF
  4. IMF

Correct answer and explanation

Correct answer: RBI

Explanation: ✅ Correct Answer: B. RBI 📚 Explanation: The Reserve Bank of India (RBI) released the 'Payments Vision 2025' document to outline the future of digital payments in India. It aims to provide every citizen with 24/7 safe and affordable digital payment options. The vision focuses on five key pillars: Integrity, Inclusion, Innovation, Institutionalisation, and Internationalisation. It seeks to further reduce the dependency on cash in the Indian economy.