Banking Awareness on Unified Payments Interface
Important Banking Awareness Questions on Unified Payments Interface for SBI PO, IBPS PO, NIACL, LIC, RBI, RRB PO Clerk, IPPB and other competitive exams. Banking Awareness Unified Payments Interface UPI
- UPI has been developed by?
A) RBI
B) NPCI
C) MeitY
D) NOFN
- What is the maximum number of digits that a UPI-PIN can have?
A) 4
B) 5
C) 6
D) 8
- In UPI, ______ is an Address which uniquely identifies a person’s bank account.
A) Primary Address
B) Unique Address
C) Bank Address
D) Payment Address
- Instant fund transfer under UPI, if available for how many hours in a day?
A) 8 hours
B) 10 hours
C) 12 hours
D) 24 hours
- What is the limit of fund transfer using UPI?
A) Rs 20,000
B) Rs 10,000
C) Rs 50,000
D) Rs 1 Lakh
- Which of the following term is used for Requesting money in UPI?
A) PULL
B) PUSH
C) DRAW
D) ASK
- Which of the following term is used for Sending money in UPI?
A) PULL
B) PUSH
C) TRANSFER
D) PUT
- Which of the following is a financial transaction under UPI?
A) Collect Request
B) Set/Change PIN
C) Check Transaction Status
D) Raise Dispute/ Raise query
- What does S stands for in PSP with respect to UPI?
A) Software
B) Service
C) System
D) Synchronized
- The eligible criteria for the Banks who can participate in UPI is that the Bank should have approval from RBI for Mobile Banking Service and also should be live on _____.
A) AEPS
B) BBPS
C) IMPS
D) CTS
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Thnku sir 🙂
@surajskt:disqus In Q.8, Non-Financial Transaction, Mobile Banking Registration………….Raise Dispute/ Raise query, Are these other services available on UPI?
i think it depends on the which bank’s UPI app provides these feature; as per NPCI definition these features if provided by the bank will come under non financial transaction; only sending and receiving money is financial transaction
10th..bank should be live on BBPS OR IMPS.
imps
Exellent work
ty !!
ty:)).
ty))
thank u ..
Thanks team
sir how many more banking awareness sets do you have ??????
check this out: http://aspirantszone.com/banking-awareness/
you can see all our quizzes in the QUIZ ZONE menu
Sir how much interest rate ippb is providing
Currently?
4.5% if the quarterly average balance is up to Rs25,000,
5% if it is between Rs25,000 and Rs50,000, and
5.5% if above Rs50,000.
thanks a ton sir
thank x 🙂
thnxx
VERY USEFUL QUESTIONS. THANKS AZ
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