Which charge has the Ministry of Finance proposed to reintroduce on certain digital transactions made via UPI and RuPay?
- AGST
- BTDS
- CMerchant Discount Rate (MDR)
- DService Tax
Correct Answer: C
The Ministry of Finance has proposed reintroducing the Merchant Discount Rate (MDR) on certain digital transactions via UPI and RuPay to develop a sustainable revenue model for the digital payment system. This proposal is likely to apply primarily to large merchants, while small merchants and consumers are expected to receive relief.
This question is part of 7 August 2026 Current Affairs Quiz | Daily GK MCQs Online Test.
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