General Studies · Cause and Effect
Read the statements given below and determine the cause-effect relationship: Statement I: A committee will be constituted to examine various aspects to widen the adoption of UPI Lite, enabling quick small-value payments through an on-device wallet. Statement II: The Reserve Bank of India (RBI) has proposed to establish a Digital Payment Intelligence Platform for network-level intelligence and real-time data sharing across the digital payments ecosystem. Statement III: There are growing instances of digital payment fraud in India, jumping more than fivefold in this fiscal year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement III is the cause and Statements I and II are the effects.✓
- 2Statements I and II are the causes and Statement III is the effect.
- 3Statement II is the cause and Statements I and III are the effects.
- 4Statement I is the cause and Statements II and III are the effects.
Correct answer
Statement III is the cause and Statements I and II are the effects.
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