Benefits & Challenges in Fintech

Question 1

What is a significant risk associated with increased digital platform usage in fintech?

Accepted Answer

Cybersecurity risks

Question 2

Which digital infrastructure component has significantly contributed to seamless financial transactions in India?

Accepted Answer

UPI

Question 3

What initiative aims to expand financial inclusion in India through bank account creation?

Accepted Answer

PMJDY

Question 4

Which of the following is a key driver of fintech disruption in the payments landscape?

Accepted Answer

Mobile payments

Question 5

What is the projected market size of the Indian fintech sector by 2029?

Accepted Answer

$420 billion

Question 6

What percentage of India's population was young in 2020?

Accepted Answer

68%

Question 7

What was the total amount of global fintech investments in 2024?

Accepted Answer

$95.6 billion

Question 8

Which country contributed the highest amount to fintech investments in the ASPAC region in 2024?

Accepted Answer

India

Question 9

Which of the following is a challenge faced by the fintech sector in India?

Accepted Answer

Regulatory complexity

Question 10

What is the main benefit of the UPI platform in India?

Accepted Answer

Seamless transactions

Questions 10