Banking and Financial Awareness Quiz

What is the penalty for non-maintenance of the minimum deposit in a PPF account?

• ₹25 per year

• ₹50 per year

• ₹100 per year

• ₹500 per year

What is the frequency of contributions under the APY scheme?

• Monthly, Quarterly, or Half-Yearly

• Monthly only

• Quarterly only

• Annual only

Which category of people is primarily targeted under APY?

• Government employees

• Organized sector employees

• Unorganized sector workers

• High-income professionals

What is the minimum contribution required to open a Tier I account under NPS?

• ₹250

• ₹500

• ₹1,000

• ₹1,500

How much of the corpus must be mandatorily used to purchase an annuity upon retirement under NPS?

• 20%

• 40%

• 60%

• 80%

What is the maximum investment limit under SCSS for an individual?

• ₹10 lakh

• ₹15 lakh

• ₹20 lakh

• ₹30 lakh

What does UPI stand for in the context of digital banking?

• Unified Payment Interface

• Universal Payment Integration

• Unified Process Indicator

• Universal Process Interface

What is the maximum limit for a single UPI transaction as per standard guidelines?

• ₹10,000

• ₹50,000

• ₹1,00,000

• ₹2,00,000

Which payment app in India is regulated by the National Payments Corporation of India (NPCI)?

• Paytm

• Google Pay

• PhonePe

• All of the above

What is the time limit for reconciling failed UPI transactions?

• 2 days

• 7 days

• 1 month

• No limit