In February 2020, the Reserve Bank of India (RBI) reported that India is next only to ________ in terms of cash withdrawals from ATMs.
Answer with explanationAnswer: Option C
The Reserve Bank of India (RBI) reports that cash withdrawals from ATMs in India increased over the past five years
India is next only to China in terms of cash withdrawals from ATMs.
Digital transactions grew at a compound annual growth rate (CAGR) of 61% by volumes and 19% by value, indicating a shift towards digitisation.
Shaktikanta Das is the governor of the Reserve Bank of India.
China: Capital – Beijing
Currency – Chinese Yuan
President – Xi Jinping
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