According to the Government of India, which UPI transaction will not attract any charges?
- AInternational transactions only
- BP2P transactions
- CLarge merchant transactions only
- DCredit card payments only
Correct Answer: B
The Government of India clarified that no charges would be levied on UPI users or P2P transactions, noting that the Merchant Discount Rate (MDR) on UPI is currently zero. If MDR is implemented in the future, it may be limited to select merchant transactions and those exceeding a specified limit, in order to develop a sustainable revenue model for digital payments.
This question is part of 12 August 2026 Current Affairs Quiz | Daily GK MCQs Online Test.
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