Tomorrow, we are starting Economy by Murnal with Pillar 1-A1: Money – Barter to Bitcoin.
Tomorrow’s Target
- Money: Evolution & Types – Tracing money’s journey from barter systems to cryptocurrencies like Bitcoin.
- Demonetization of Fiat Money – Understanding the process and impact of withdrawing fiat currency.
- Rupees 2000 Withdrawn – Exploring the withdrawal of 2000 INR notes while remaining legal tender.
- Bank/Deposit Money – Examining funds held in bank accounts versus physical cash.
- Digital Payments – Overview of electronic transactions via NEFT, RTGS, and mobile apps.
- NPCI – Introduction to the National Payments Corporation of India, driving digital payments.
- NPCI UPI – Insight into Unified Payments Interface for seamless, instant transactions.
- Pre-Sanctioned Credit Line – Understanding pre-approved credit facilities for financial access.
- NPCI – RuPay Card – Exploring India’s indigenous card network and payment gateway.
- DBT – e-RUPI – Analyzing e-RUPI, a digital voucher for targeted welfare transfers.
- Credit/Debit Cards – Understanding the role of plastic money in modern transactions.
- Transport/Travel Tech – Examining cards and technologies enabling efficient travel payments.
- MDR – Defining Merchant Discount Rate and its role in digital payments.
- Interchange Fee – Exploring NPCI’s fee structure for transaction processing.
- Cashless Economy Measures – Reviewing initiatives like UPI and BHIM to promote a cashless society.