Digital Transactions
Quiz
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English
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University
•
Medium

Avika Chatterjee
Used 3+ times
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25 questions
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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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