Digital Transactions

Digital Transactions

University

25 Qs

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Digital Transactions

Digital Transactions

Assessment

Quiz

English

University

Medium

Created by

Avika Chatterjee

Used 3+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

What does UPI stand for in the context of Indian digital payments?

Unified Postal Interface

Unified Payments Integration

Unified Payments Interface

Universal Payment Identifier

2.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

What is the primary purpose of the UPI system?

Stock Trading

Social Networking

Digital Payments

Railway Reservations

3.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Which organisation developed and manages the UPI system in India?

Reserve Bank of India

National Payments Corporation of India

Indian Banks Association

Securities and exchange board of India

4.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

How is a UPI ID structured?

mobile number and birthdate

email id and aadhar number

bank account number and branch code

virtual payment address and '@' symbol

5.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

What is the maximum transaction limit for UPI transactions?

Rs. 10,000

Rs. 50,000

Rs. 1,00,000

Rs. 5,00,000

6.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Which of the following is not a valid UPI transaction type?

Peer-to-Peer (P2P) transfer

Mobile recharge

Bill payments

Cheque clearance

7.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

What role does a UPI PIN play in the UPI transaction process?

Authenticating the user

Displaying transaction details

Initiating refunds

Tracking transaction history

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