{
  "id": 776270,
  "title": "UPSC Essentials | Daily subject-wise quiz : Economy MCQs on merchant discount rate, Mission Vatsalya and more (Week 175)",
  "url": "https://urgent.news/2026/08/13/upsc-essentials-daily-subject-wise-quiz-economy-mcqs-on-merchant",
  "topic": "world",
  "section": "World",
  "published": "2026-08-13T15:00:57.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/upsc-current-affairs/upsc-essentials/upsc-essentials-daily-subject-wise-quiz-economy-week-175-10831953/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Indian Express reports on UPSC Essentials' daily subject-wise quiz series, which aims to help candidates revise static syllabus topics. In Week 175, the quiz focuses on Economy, with particular attention given to the Merchant Discount Rate (MDR). The correct answer to the quiz question is (b) There are two correct statements, that include statement 1. Statement 1 is accurate as the MDR is indeed a fee paid by merchants to their banks for accepting digital payments, typically ranging from 1% to 3%. Statement 2 is also correct, as the MDR was initially zero for UPI payments in India. However, statement 3 is incorrect, as the MDR has never been implemented in India since its inception in 2017.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}