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SSC Selection Post 2022 PYQ — Question 44

SSC Selection Post - Higher Secondary Level 2022 - 11 Feb 2022 - Shift 1 • General Awareness • Q44

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Which of the following institutions’ researchers will collaborate with the Mobile Payment Forum of India to develop voice-based solutions for digital transactions?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. IIT Madras.

  • IIT Madras Institution researchers will collaborate with the Mobile Payment Forum of India to develop voice-based solutions for digital transactions.
  • According to government statistics, India currently has over 100 million active Unified Payments Interface (UPI) users each month. These initiatives are being taken up by MPFI towards bringing 500 million active users by 2025," read an official statement.
  • To promote digital payment adoption, the Indian government allocated Rs.1,500 crore in the recent Union Budget.
  • MPFI, established in 2006, is a think tank formed through a joint initiative by the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad, and the Rural Technology Business Incubator (RTBI) at IIT Madras.