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BHIM stands for _____

  • A.Bharat Interface for Money
  • B.Bharat Interbank Money transfer
  • C.Bharat Instant Money transfer
  • D.Bharat Interface for Marketing

Answer: A

Correct answer: Bharat Interface for Money

BHIM is the Bharat Interface for Money, the UPI app released by NPCI in December 2016 and named after Dr B R Ambedkar. It is an interface, not a wallet: it moves money straight between bank accounts and holds none of its own.

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