Banking Awareness on Immediate Payment Service (IMPS)
Important Banking Awareness Questions on Immediate Payment Service (IMPS) for SBI PO, IBPS PO, NIACL, LIC, RBI, RRB PO Clerk, IPPB and other competitive exams. Banking Awareness Immediate Payment Service IMPS.
- Immediate Payment Service (IMPS) facility is provided by?
A) BBPS
B) RBI
C) NPCI
D) AEPS
- Immediate Payment Service (IMPS) is provided by NPCI through its existing ____ switch.
A) Hitachi
B) ISO
C) NFS
D) RBI
- Mobile Money Identifier (MMID) is a ___ digit number.
A) 4
B) 5
C) 6
D) 7
- Which of the following cannot be used for fund transfer through IMPS?
A) Using Mobile number & MMID
B) Using Aadhaar numbe
C) Using Virtual Private Address
D) Using Account number & IFS Code
- What does S stands for in ABRS with respect to payment through Aadhar Cards?
A) System
B) Service
C) Software
D) Schedule
- IFS Code is a ___ digit code.
A) 7
B) 9
C) 11
D) 16
- What does M stands for in QSAM with respect to Aadhar based payments?
A) Manager
B) Merge
C) Mapper
D) Maintain
- Instant money transfer under IMPS is available on how many days in a week?
A) 4
B) 5
C) 6
D) 7
- Identify the false statement with respect to IMPS
A) The customer needs to have a bank account with the bank which has enabled IMPS facility.
B) Customer should enroll for Mobile Banking Service.
C) The customer cannot link the same mobile number to more than one account.
D) The bank will allocate a Mobile Money Identifier (MMID) for each account of the mobile banking customers.
- Identify the true statement with respect to IMPS.
A) The charges for remittance through IMPS are decided by NPCI
B) In IMPS once a payment is initiated it cannot be stopped.
C) IMPS service is not available on Sunday
D) All are true
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Identify the true statement with respect to IMPS.
A) The charges for remittance through IMPS are decided by NPCI
B) In IMPS once a payment is initiated it cannot be stopped.
C) IMPS service is not available on Sunday
D) All are true
View Answer
Option C
Explanation: A) The charges for remittance through IMPS are decided by the individual member banks
B) is correct
C) IMPS service is available 24*7 all days of the year.
……………
admin
yhan uper btaaya gya
24 hours on all days including holidays
den how c is coorect?
yes it will be B)
ty need to update dere Admin
updated now :))
Identify the false statement with respect to IMPS
A) The customer needs to have a bank account with the bank which has enabled IMPS facility.
B) Customer should enroll for Mobile Banking Service.
C) The customer cannot link the same mobile number to more than one account.
D) The bank will allocate a Mobile Money Identifier (MMID) for each account of the mobile banking customers.
View Answer
Option C
Explanation: The customer can link the same mobile number to more than one account subject to feasibility provided by the bank. For this the bank will allocate a Mobile Money Identifier (MMID) for each account of the mobile banking customers. The customer can select the account using this MMID allocated to him / her.
. A unique MMID and mobile number combination helps in identifying the beneficiary’s details. Multiple MMIDs can be linked to same mobile number.
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@s@surajskt:disqus sir check c option esme to kah raha h ki more than one can be link pher ye false kaise hua
so see option c) what it is written.. The customer cannot link the same mobile number to more than one account.
mimd for more than one account
yes: one multiple mmid can be linked to one mobile number but here see the statement what it says:
The bank will allocate a Mobile Money Identifier (MMID) for each account of the mobile banking customers.
each account and not each mobile number.
suppose you have a saving account and one current account, for both account you will get a different mmid that will be linked to the same mobile number. So option D) is correct.. it is not talking about mobile number but account type
ty sir:) got it
kitna confuse kar diya tumne to :p
thankyou sir 🙂
Ty sir :)????
thx
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