General Studies · Cause and Effect
Read both the statements and decide which of the given options correctly depicts the relationship between them. Statement I: In a move that merges digital identity with payment acceptance, HDFC Bank introduced 'My Business QR', a first-of-its-kind commerce identity QR tailored for small businesses at the Global Fintech Fest (GFF) 2025 to help micro-entrepreneurs adopt digital payments seamlessly. Statement II: Following the launch, thousands of small retailers began onboarding the system to expand their reach, accept digital payments, and manage transactions online.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both statements I and II are effects of independent causes.
- 2Both statements I and II are independent causes.
- 3Statement II is the cause and statement I is its effect.
- 4Statement I is the cause and statement II is its effect.✓
Correct answer
Statement I is the cause and statement II is its effect.
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