Current Affairs · Digital Infrastructure and Public Policy
With reference to India's digital globalization and policy framework, consider the following statements: Statement I: The 'India Stack' is a set of open APIs that allow governments, businesses, and developers to utilize digital infrastructure for presence-less, paperless, and cashless service delivery. Statement II: UPI International allows Indian travelers to make payments to foreign merchants using Indian bank accounts via QR codes, subject to operational arrangements with host entities. Statement III: Data Localization mandates that all sensitive personal data must be stored exclusively in India with zero processing allowed abroad. Statement IV: Global Capability Centers (GCCs) in India have expanded from back-office support into high-end R&D and innovation hubs. Statement V: The Digital Rupee (e-Rupee) is intended to eliminate commercial banks from the economy entirely. Which of the statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All statements are correct.
- 2Only IV and V
- 3Only II and III
- 4Only I, II, and IV✓
Correct answer
Only I, II, and IV
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