UPSC Prelims 2025 Timed Daily Quiz – 22nd April 2025 (Current Affairs & Static)

Consider the following statements about the UPI transaction cap imposed by NPCI:

1. NPCI has extended the deadline for Third-Party App Providers to comply with the 30% cap until December 2026.
2. The cap is calculated based on the average UPI transaction volume of the past three months.
3. TPAPs exceeding the limit are required to continue onboarding new customers.
4. Major TPAPs like PhonePe and Google Pay currently account for less than 50% of UPI transactions.

Which of the statements given above is/are correct?

With reference to the Grameen Credit Score (GCS) framework, consider the following statements:

1. It was introduced in the Union Budget 2025-26.
2. It aims to enhance credit access for Self Help Groups and rural populations.
3. The framework was developed by the Reserve Bank of India.
4. It primarily focuses on urban credit delivery systems.
   

Based on the Household Consumption Expenditure Survey (HCES) 2023-24, consider the following statements:

1. The growth in Monthly Per Capita Consumption Expenditure (MPCE) from 2022-23 was higher in rural areas than in urban areas.
2. Beverages, refreshments, and processed food have the highest share in food expenditure.
3. House rent constitutes a major share of non-food expenditure in urban areas.
4. Non-food items account for 53% of total MPCE in rural areas and 60% in urban areas.
   

Consider the following statements about the Digital India Land Records Modernization Programme (DILRMP):

1. It was renamed from the National Land Records Modernization Programme in 2016.
2. Cadastral map digitization has been completed in all states and union territories.
3. The program integrates land records with Aadhaar for financial service accessibility.
4. Northeastern states face challenges due to community-based land ownership systems.

Which of the above statements are correct?

Concerning NPCI’s UPI transaction cap:

1. The 30% volume limit applies to Third-Party App Providers (TPAPs).
2. Non-compliant TPAPs must stop onboarding new users immediately.
3. The cap is calculated using the previous month’s transaction data.
4. PhonePe and Google Pay collectively handle over 80% of UPI transactions.