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CUET Economics 2025 PYQs28 May Shift 2. Free, no login required.

Macro

past year questions, CUET Economics 2025 28 May Shift 2

Money & Banking

past year questions, Macro, CUET Economics 2025 28 May Shift 2

Medium

Which initiatives strengthened the government's resolution to go cashless.

(A) Jan Dhan accounts.

(B) Aadhar enabled payment systems.

(C) E-Wallets.

(D) National financial Switch.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Option 1 -> Excludes E-Wallets, which are a key digital payment initiative.

Option 2 -> Excludes Aadhar enabled payment systems, which are crucial for cashless transactions.

Option 3 -> Includes all four initiatives that collectively strengthened cashless India.

Option 4 -> Excludes Jan Dhan accounts, which provided banking access to millions.

Hence, Option 3: (A), (B), (C) and (D) -> All four initiatives played vital roles in India's cashless economy push. Jan Dhan accounts provided financial inclusion by bringing millions into the formal banking system. Aadhar enabled payment systems facilitated secure digital authentication. E-Wallets offered convenient digital payment platforms. National Financial Switch enabled inter-bank connectivity for seamless digital transactions. Together, these initiatives created a comprehensive ecosystem supporting the government's cashless vision. -> correct

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To tackle the problem of corruption, black money, terrorism and the circulation of fake currency in the economy, demonetization was an initiative taken by the Government of India in the period?

2026: 15 May Shift 1

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2026: 19 May Shift 2

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From the following, choose the correct options as the functions of the Reserve Bank of India.

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Choose the correct answer from the options given below:

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