0 of 35 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
Information
TOTAL QUESTION: 35
TOTAL TIME= 30 MIN
You have already completed the Test before. Hence you can not start it again.
Test is loading...
You must sign in or sign up to start the Test.
You have to finish following quiz, to start this Test:
Your results are here!! for" BHIM, UPI, NPCI "
0 of 35 questions answered correctly
Your time:
Time has elapsed
Your Final Score is : 0
You have attempted : 0
Number of Correct Questions : 0 and scored 0
Number of Incorrect Questions : 0 and Negative marks 0
-
Not categorized
You have attempted: 0
Number of Correct Questions: 0 and scored 0
Number of Incorrect Questions: 0 and Negative marks 0
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- Answered
- Review
-
Question 1 of 35
1. Question
Who developed the Bharat Interface for Money (BHIM) application?
Correct
BHIM is a digital payment application developed by the National Payments Corporation of India (NPCI).
Incorrect
BHIM is a digital payment application developed by the National Payments Corporation of India (NPCI).
Unattempted
BHIM is a digital payment application developed by the National Payments Corporation of India (NPCI).
-
Question 2 of 35
2. Question
When was the BHIM application launched?
Correct
BHIM was launched in December 2016 to accelerate India‘s shift toward a digital economy.
Incorrect
BHIM was launched in December 2016 to accelerate India‘s shift toward a digital economy.
Unattempted
BHIM was launched in December 2016 to accelerate India‘s shift toward a digital economy.
-
Question 3 of 35
3. Question
BHIM is built on which payment platform?
Correct
BHIM is built on the Unified Payments Interface (UPI) platform.
Incorrect
BHIM is built on the Unified Payments Interface (UPI) platform.
Unattempted
BHIM is built on the Unified Payments Interface (UPI) platform.
-
Question 4 of 35
4. Question
How are funds transferred when using BHIM?
Correct
BHIM enables direct bank-to-bank transfers without requiring an intermediary wallet.
Incorrect
BHIM enables direct bank-to-bank transfers without requiring an intermediary wallet.
Unattempted
BHIM enables direct bank-to-bank transfers without requiring an intermediary wallet.
-
Question 5 of 35
5. Question
Which mobile number is used for registering BHIM?
Correct
Users register BHIM using the mobile number linked to their bank account.
Incorrect
Users register BHIM using the mobile number linked to their bank account.
Unattempted
Users register BHIM using the mobile number linked to their bank account.
-
Question 6 of 35
6. Question
What is set for secure transactions while registering BHIM?
Correct
A UPI PIN is set to authenticate and secure transactions.
Incorrect
A UPI PIN is set to authenticate and secure transactions.
Unattempted
A UPI PIN is set to authenticate and secure transactions.
-
Question 7 of 35
7. Question
Which feature allows users to make quick payments by scanning a code?
Correct
BHIM supports Scan & Pay using QR codes for quick and contactless payments.
Incorrect
BHIM supports Scan & Pay using QR codes for quick and contactless payments.
Unattempted
BHIM supports Scan & Pay using QR codes for quick and contactless payments.
-
Question 8 of 35
8. Question
What does BHIM maintain to provide a record of transactions?
Correct
The BHIM app maintains transaction history, providing a record of transactions for transparency.
Incorrect
The BHIM app maintains transaction history, providing a record of transactions for transparency.
Unattempted
The BHIM app maintains transaction history, providing a record of transactions for transparency.
-
Question 9 of 35
9. Question
Which service can support BHIM-related digital payments without internet connectivity?
Correct
BHIM supports USSD-based payments through the *99# service, enabling payments without internet connectivity.
Incorrect
BHIM supports USSD-based payments through the *99# service, enabling payments without internet connectivity.
Unattempted
BHIM supports USSD-based payments through the *99# service, enabling payments without internet connectivity.
-
Question 10 of 35
10. Question
How can small businesses accept payments through BHIM?
Correct
Businesses can accept BHIM payments by generating static or dynamic QR codes.
Incorrect
Businesses can accept BHIM payments by generating static or dynamic QR codes.
Unattempted
Businesses can accept BHIM payments by generating static or dynamic QR codes.
-
Question 11 of 35
11. Question
What does UPI stand for?
Correct
UPI stands for Unified Payments Interface.
Incorrect
UPI stands for Unified Payments Interface.
Unattempted
UPI stands for Unified Payments Interface.
-
Question 12 of 35
12. Question
What type of payment system is UPI?
Correct
UPI is a real-time payment system that facilitates instant fund transfers between banks in India.
Incorrect
UPI is a real-time payment system that facilitates instant fund transfers between banks in India.
Unattempted
UPI is a real-time payment system that facilitates instant fund transfers between banks in India.
-
Question 13 of 35
13. Question
Which organization developed UPI?
Correct
UPI was developed by the National Payments Corporation of India (NPCI).
Incorrect
UPI was developed by the National Payments Corporation of India (NPCI).
Unattempted
UPI was developed by the National Payments Corporation of India (NPCI).
-
Question 14 of 35
14. Question
When can UPI transfers be made according to the provided material?
Correct
UPI enables transfers 24/7, including weekends and holidays.
Incorrect
UPI enables transfers 24/7, including weekends and holidays.
Unattempted
UPI enables transfers 24/7, including weekends and holidays.
-
Question 15 of 35
15. Question
What can users do with multiple bank accounts through one UPI-enabled application?
Correct
Users can link multiple bank accounts to a single UPI-enabled application.
Incorrect
Users can link multiple bank accounts to a single UPI-enabled application.
Unattempted
Users can link multiple bank accounts to a single UPI-enabled application.
-
Question 16 of 35
16. Question
What does VPA mean in UPI?
Correct
VPA means Virtual Payment Address, which can be used instead of sharing bank account details.
Incorrect
VPA means Virtual Payment Address, which can be used instead of sharing bank account details.
Unattempted
VPA means Virtual Payment Address, which can be used instead of sharing bank account details.
-
Question 17 of 35
17. Question
What is a key purpose of using a Virtual Payment Address (VPA)?
Correct
A VPA allows transactions without requiring users to share sensitive account numbers or IFSC codes.
Incorrect
A VPA allows transactions without requiring users to share sensitive account numbers or IFSC codes.
Unattempted
A VPA allows transactions without requiring users to share sensitive account numbers or IFSC codes.
-
Question 18 of 35
18. Question
What does interoperability in UPI allow?
Correct
UPI connects banks and payment apps so users can transact across different banks and apps.
Incorrect
UPI connects banks and payment apps so users can transact across different banks and apps.
Unattempted
UPI connects banks and payment apps so users can transact across different banks and apps.
-
Question 19 of 35
19. Question
Which technology is supported by UPI for quick payments at retail outlets?
Correct
UPI supports QR code-based payments at retail stores, restaurants and service providers.
Incorrect
UPI supports QR code-based payments at retail stores, restaurants and service providers.
Unattempted
UPI supports QR code-based payments at retail stores, restaurants and service providers.
-
Question 20 of 35
20. Question
Which credential is used to authenticate UPI transactions?
Correct
UPI transactions are authenticated using a secure UPI PIN.
Incorrect
UPI transactions are authenticated using a secure UPI PIN.
Unattempted
UPI transactions are authenticated using a secure UPI PIN.
-
Question 21 of 35
21. Question
Which of the following is a stated use case of UPI?
Correct
UPI can be used for peer-to-peer transfers, bill payments, online shopping and in-store payments.
Incorrect
UPI can be used for peer-to-peer transfers, bill payments, online shopping and in-store payments.
Unattempted
UPI can be used for peer-to-peer transfers, bill payments, online shopping and in-store payments.
-
Question 22 of 35
22. Question
Which security measure helps protect UPI transactions?
Correct
UPI uses authentication such as the UPI PIN and encryption to protect transactions.
Incorrect
UPI uses authentication such as the UPI PIN and encryption to protect transactions.
Unattempted
UPI uses authentication such as the UPI PIN and encryption to protect transactions.
-
Question 23 of 35
23. Question
Which of the following is identified as a fraud risk associated with UPI?
Correct
The material identifies phishing scams and fake UPI applications as potential fraud risks.
Incorrect
The material identifies phishing scams and fake UPI applications as potential fraud risks.
Unattempted
The material identifies phishing scams and fake UPI applications as potential fraud risks.
-
Question 24 of 35
24. Question
What should users do to keep their UPI transactions safer?
Correct
Users should never share their UPI PIN and should use trusted UPI applications.
Incorrect
Users should never share their UPI PIN and should use trusted UPI applications.
Unattempted
Users should never share their UPI PIN and should use trusted UPI applications.
-
Question 25 of 35
25. Question
Which is a limitation of UPI mentioned in the provided material?
Correct
UPI may be affected by poor internet connectivity, bank server downtime or app-related technical issues.
Incorrect
UPI may be affected by poor internet connectivity, bank server downtime or app-related technical issues.
Unattempted
UPI may be affected by poor internet connectivity, bank server downtime or app-related technical issues.
-
Question 26 of 35
26. Question
When was the National Payments Corporation of India (NPCI) established?
Correct
NPCI was established in 2008 under the guidance of the RBI and the Indian Banks‘ Association.
Incorrect
NPCI was established in 2008 under the guidance of the RBI and the Indian Banks‘ Association.
Unattempted
NPCI was established in 2008 under the guidance of the RBI and the Indian Banks‘ Association.
-
Question 27 of 35
27. Question
NPCI was established under the guidance of which two organizations?
Correct
NPCI was established under the guidance of the Reserve Bank of India and the Indian Banks‘ Association.
Incorrect
NPCI was established under the guidance of the Reserve Bank of India and the Indian Banks‘ Association.
Unattempted
NPCI was established under the guidance of the Reserve Bank of India and the Indian Banks‘ Association.
-
Question 28 of 35
28. Question
What is NPCI primarily described as in India‘s retail payment ecosystem?
Correct
NPCI is an umbrella organization for retail payment systems in India.
Incorrect
NPCI is an umbrella organization for retail payment systems in India.
Unattempted
NPCI is an umbrella organization for retail payment systems in India.
-
Question 29 of 35
29. Question
Which NPCI system uses FASTag technology for electronic toll collection?
Correct
National Electronic Toll Collection (NETC) is an interoperable toll collection system using FASTag technology.
Incorrect
National Electronic Toll Collection (NETC) is an interoperable toll collection system using FASTag technology.
Unattempted
National Electronic Toll Collection (NETC) is an interoperable toll collection system using FASTag technology.
-
Question 30 of 35
30. Question
Which NPCI system uses Aadhaar authentication for banking transactions?
Correct
AePS, or Aadhaar Enabled Payment System, uses Aadhaar authentication for banking transactions.
Incorrect
AePS, or Aadhaar Enabled Payment System, uses Aadhaar authentication for banking transactions.
Unattempted
AePS, or Aadhaar Enabled Payment System, uses Aadhaar authentication for banking transactions.
-
Question 31 of 35
31. Question
What is NACH mainly used for?
Correct
NACH supports recurring and bulk electronic transactions such as salaries, pensions, subsidies and EMI collections.
Incorrect
NACH supports recurring and bulk electronic transactions such as salaries, pensions, subsidies and EMI collections.
Unattempted
NACH supports recurring and bulk electronic transactions such as salaries, pensions, subsidies and EMI collections.
-
Question 32 of 35
32. Question
What is RuPay?
Correct
RuPay is India‘s indigenous card payment network, competing with global networks such as Visa and Mastercard.
Incorrect
RuPay is India‘s indigenous card payment network, competing with global networks such as Visa and Mastercard.
Unattempted
RuPay is India‘s indigenous card payment network, competing with global networks such as Visa and Mastercard.
-
Question 33 of 35
33. Question
What is the main purpose of the Cheque Truncation System (CTS)?
Correct
CTS digitizes cheque processing by converting physical cheques into digital images for faster clearance.
Incorrect
CTS digitizes cheque processing by converting physical cheques into digital images for faster clearance.
Unattempted
CTS digitizes cheque processing by converting physical cheques into digital images for faster clearance.
-
Question 34 of 35
34. Question
Which NPCI system provides a one-stop platform for bill payments?
Correct
Bharat Bill Payment System (BBPS) provides an interoperable platform for various bill payments.
Incorrect
Bharat Bill Payment System (BBPS) provides an interoperable platform for various bill payments.
Unattempted
Bharat Bill Payment System (BBPS) provides an interoperable platform for various bill payments.
-
Question 35 of 35
35. Question
Which NPCI system is specifically highlighted as helping extend banking services to rural and underserved areas?
Correct
AePS promotes financial inclusion by supporting banking services in rural and underserved areas.
Incorrect
AePS promotes financial inclusion by supporting banking services in rural and underserved areas.
Unattempted
AePS promotes financial inclusion by supporting banking services in rural and underserved areas.