A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (c) Both 1 and 2
Explanation
Both statements are correct. MDR is paid by the merchant accepting payments rather than being deducted from the consumer, and person-to-person UPI transfers remain completely zero-rated under current guidelines.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.