Directions: In the question given below, a few statements are given. Read the information and answer the question that follows.
Statement I: A committee will be constituted to examine various aspects to widen the adoption of UPI Lite, enabling quick small-value payments through an on-device wallet.
Statement II: The Reserve Bank of India (RBI) has proposed to establish a Digital Payment Intelligence Platform for network-level intelligence and real-time data sharing across the digital payments ecosystem.
Statement III: There are growing instances of digital payment fraud in India, jumping more than fivefold in this fiscal year.
Which of the following statements is the cause and which one is its effect?
1
Statement I is the cause and Statements II and III are the effect.
2
Statement II is the cause and Statements I and III are the effects.
3
Statements I and II are the causes and Statement III is the effect.
4
Statement III is the cause and Statements I and II are the effects.
5
All the statements are independent causes.