Digital Payment Infrastructure — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
Which of the following statements about the Unified Payments Interface (UPI) in India is/are correct? 1. UPI allows linking multiple bank accounts to a single mobile application. 2. UPI transactions are processed on a deferred net settlement (DNS) basis. 3. The National Payments Corporation of India (NPCI) developed UPI. 4. There is a minimum transaction limit of ₹100 for UPI payments.
Consider the following statements regarding Central Bank Digital Currency (CBDC) in India: 1. CBDC is a legal tender issued by the Reserve Bank of India (RBI). 2. CBDC is designed to be highly volatile, similar to private cryptocurrencies. 3. The RBI is currently conducting pilot projects for both retail and wholesale CBDC.
Which of the following Acts provides the primary legal framework for the regulation and supervision of payment systems in India?
With reference to digital payment systems, consider the following pairs: 1. RTGS: Large-value, real-time transfers 2. NEFT: Batch processing, deferred settlement 3. IMPS: Instant interbank mobile payments Which of the pairs given above is/are correctly matched?
The 'Jan Dhan-Aadhaar-Mobile (JAM)' trinity has been pivotal in India's financial inclusion efforts. In the context of digital payments, which of the following best describes its role?