{"id":107968,"date":"2021-02-04T14:11:13","date_gmt":"2021-02-04T14:11:13","guid":{"rendered":"https:\/\/www.edristi.in\/?p=107968"},"modified":"2021-02-04T14:11:20","modified_gmt":"2021-02-04T14:11:20","slug":"rbi-digital-payments-index","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/rbi-digital-payments-index\/","title":{"rendered":"RBI-Digital Payments Index"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question : On January 1, 2021, the Reserve Bank of India introduced the RBI-Digital Payment Index (DPI), which of the following facts is not correct regarding RBI-DPI ?<br><\/strong>(a) The RBI-DPI comprises of 5 broad parameters<br>(b) The RBI-DPI comprises of 4 broad parameters<br>(c) The RBI-DPI comprises of 6 broad parameters<br>(d) The RBI-DPI comprises of 7 broad parameters<br><strong>Ans.(a)<br>Related facts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>As announced in the Statement on Developmental and Regulatory Policies as part of the Sixth Bi-monthly Monetary Policy Statement for 2019-20 dated February 06, 2020, the Reserve Bank of India has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country.<\/li><li>The RBI-DPI comprises of 5 broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods.<\/li><li>Parameters<br>These parameters are \u2013 (i) Payment Enablers (weight 25%), (ii) Payment Infrastructure \u2013 Demand-side factors (10%), (iii) Payment Infrastructure \u2013 Supply-side factors (15%), (iv) Payment Performance (45%) and (v) Consumer Centricity (5%).<\/li><li>Each of these parameters have sub-parameters which, in turn, consist of various measurable indicators. The major sub-parameters under each parameter are available here.<\/li><li>The RBI-DPI has been constructed with March 2018 as the base period, i.e. DPI score for March 2018 is set at 100.<\/li><li>The DPI for March 2019 and March 2020 work out to 153.47 and 207.84 respectively, indicating appreciable growth.<\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>By &#8212; Pankaj Pandey.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Link:<\/strong><br><a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=50901\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=50901<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question : On January 1, 2021, the Reserve Bank of India introduced the RBI-Digital Payment Index (DPI), which of the following facts is not correct regarding RBI-DPI ?(a) The RBI-DPI comprises of 5 broad parameters(b) The RBI-DPI comprises of 4 broad parameters(c) The RBI-DPI comprises of 6 broad parameters(d) The RBI-DPI comprises of 7 broad [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":107969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-107968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/107968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=107968"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/107968\/revisions"}],"predecessor-version":[{"id":107970,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/107968\/revisions\/107970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/107969"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=107968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=107968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=107968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}