DB Revision 2

Which of the following is not required to transfer funds through RTGS ?

• The IFSC of the beneficiary's bank branch

• Beneficiary's bank account number

• Name of the beneficiary

• Nominee of the beneficiary

Which system is used for making bulk repetitive payments?

• CTS

• NACH

• NFS

• RTGS

Indian Financial System Code is used for ______.

• IMPS

• National Electric Funds Transfer

• Real Time Gross Settlement

• All of the above

______ is an alphanumeric code that uniquely identifies a bank branch participating in the NEFT system.

• IFSC

• STP

• NPCI

• USSD

What does BHIM stand for?

• Bharat Instant Money

• Bharat Institute of money

• Bharat Innovation Money

• Bharat Interface for Money

Pull Money in UPI means ____.

• Send Money

• Confirm Money

• Request Money

• Decline Money

NPCI stands for  _____.

• National Payments Committee of India

• National Payment Clearing House of India

• National Payments Council of India

• National Payments Corporation of India

Which of the following is not an ADC?

• ATM

• Locker facility

• SMS Banking

• Digital Wallet

Financial institutions acting as the Baas provider open their ____ to new third-party provider?

• UPI

• AI

• APIs

• EMV

The network of shared automatic computing machines in India is called _____.

• NPCI

• NFS

• BBPS

• IMPS