wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Digital Payments Awareness

Total questions: 20

Worksheet time: 7mins

Name
Class
Date
1.

Which among these is not a parameter under the RBI- Digital Payments Index?

a)

Payment enablers

b)

Payment performance

c)

Payment Safety

d)

Consumer centricity

2.

RBI publishes the Digital Payments Index at ____ frequency?

a)

Semi-Annually

b)

Monthly

c)

Yearly

d)

Weekly

3.

Which among the following is not true about the UPI-PayNow linkage?

a)

It was the first such linkage to include participation from non-banking financial companies (NBFCs) in the world

b)

It is a cross-border linkage between India’s Unified Payments Interface (UPI) and Singapore’s PayNow

c)

An Indian user can remit up to INR 60,000 in a day

d)

Person to Person (P2P) remittances are not permitted under the linkage

4.

What is the theme for this year’s Digital Payments Awareness Week?

a)

Har payment digital

b)

Digital Payment Apnao, Auron ko bhi sikhao

c)

Safe Practices in Digital Transactions

d)

E-Payments for Everyone, Everywhere, Everytime

5.

“Momentum 2.0” - India’s first virtual shopping app for the metro was launched by?

a)

Hyderabad

b)

Chennai

c)

Delhi

d)

Kolkata

6.

Which of the following is not a feature of Bharat Bill Payment System (BBPS)

a)

Multiple payment modes

b)

Instant confirmation

c)

Bill aggregation

d)

Loan disbursement

7.

Which of the following is not a security measure implemented by RBI for digital payments in India?

a)

Two-factor authentication

b)

Tokenization

c)

Cashback offers

d)

Biometric authentication

8.

UPI system is managed by?

a)

RBI

b)

NPCI

c)

IDRBT

d)

CCIL

9.

The first three digits of MICR code represents?

a)

Pin Code

b)

Bank Code

c)

Branch Code

d)

None of the above

10.

What is the theme for the fifth cohort of regulatory sandbox?

a)

Retail payments

b)

Cross-border payments

c)

Prevention of financial frauds

d)

It is theme neutral

11.

First phase of CBDC retail pilot covered which cities?

  

a)

Delhi, Mumbai, Bengaluru and Bhubaneswar

b)

Bhubaneswar, Kolkata, Bengaluru and Mumbai

c)

Chennai, Mumbai, Bengaluru and Bhubaneswar

d)

Delhi, Mumbai, Kolkata and Bhubaneswar

12.

What is the theme of the first global hackathon- HARBINGER- organised by RBI?

a)

Inclusive Digital Services

b)

Smarter Digital Payments

c)

Alternate authentication mechanism for digital payments

d)

Creating a sustainable financial world

13.

Which one is not true about the benefits of the proposed digitization of Kisan Credit Cards?

a)

It will reduce costs for borrowers

b)

It will make the lending more efficient

c)

It will increase the Turn Around Time for loan disbursement

d)

It will entail automation of various processes within banks

14.

Which among the following is not among the 4 E’s of Payments Vision 2025?

a)

e-Payments

b)

Everytime

c)

Everyone

d)

e-Rupee

15.

NEFT system is managed by?

a)

RBI

b)

NPCI

c)

IDRBT

d)

ReBIT

16.

RBI Innovation Hub is located at?

a)

Nagpur

b)

Hyderabad

c)

Mumbai

d)

Bengaluru

17.

Legal Entity Identifier (LEI) is a code required for all transactions of?

a)

Rs 70 cr and above

b)

Rs 60 cr and above

c)

Rs 10 cr and above

d)

Rs 50 cr and above

18.

Which system is not 24*7

a)

NEFT

b)

RTGS

c)

CTS

d)

NACH

19.

Positive pay feature is enabled on all cheques for values of ____ and above?

a)

50,000

b)

1,00,000

c)

1,00,000

d)

10,00,000

20.

SODEXO meal coupons/ card is categorised as ____ Prepaid Payment Instrument?

a)

Closed

b)

Semi-closed

c)

Open

d)

Semi-open