Digi-Dhan Vyapar Yojana, Lucky Grahak Yojana - GS questions based on daily current affairs

1)   Which of the following is/are true regarding Digi-Dhan Vyapar Yojana?

1) Weekly prizes worth Rs. 50,000, Rs 5,000 and Rs. 2,500 would be given to consumers.
2) This is only for Merchants.

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
Answer  Explanation 

ANSWER: Only 2

Explanation:
The primary aim of these schemes is to incentivize digital transactions so that electronic payments are adopted by all sections of the society, especially the poor and the middle class.

This scheme is for merchants.

There will be prizes for Merchants for all digital transactions conducted at Merchant establishments

Under it, weekly prizes worth Rs. 50,000, Rs 5,000 and Rs. 2,500 would be given to merchants.

3 Mega Prizes for merchants worth Rs 50 lakhs, 25 lakh, 12 lakh for digital transactions between 8th November, 2016 to 13th April, 2017 to be announced on 14th April, 2017(Ambedkar Jayanti).

2)   Which of the following is/are true regarding Lucky Grahak Yojana?

1) NPCI shall be the implementing agency for this scheme.
2) Weekly reward of Rs 1000 to be given to 15,000 lucky Consumers for a period of 100 days.

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
Answer  Explanation 

ANSWER: Only 1

Explanation:
The aim of scheme is to give cash awards to consumers who utilize digital payment instruments for personal consumption expenditures.

Under the Lucky Grahak Yojana, daily reward of Rs 1000 to be given to 15,000 lucky Consumers for a period of 100 days;

Weekly prizes worth Rs 1 lakh, Rs 10,000 and Rs. 5000 for Consumers who use the alternate modes of digital Payments. This will include all forms of transactions viz. UPI, USSD, AEPS and RuPay Cards but will for the time being exclude transactions through Private Credit Cards and Digital Wallets.

3 Mega Prizes for consumers worth Rs 1 cr, 50 lakh, 25 lakh for digital transactions between 8th November, 2016 to 13th April, 2017 to be announced on 14th April, 2017(Ambedkar Jayanti)

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