MCQOPTIONS
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MCQOPTIONS
This section includes 57 Mcqs, each offering curated multiple-choice questions to sharpen your Payment Banks and Payment Systems knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
Which organization was formed for managing retail payment in India? |
| A. | SBI |
| B. | NPCI |
| C. | UPI |
| D. | IBA |
| Answer» C. UPI | |
| 52. |
Which of these acts as Central Counter Party (CCP) in the government securities? |
| A. | RBI |
| B. | NPCI |
| C. | CCIL |
| D. | SBI |
| Answer» D. SBI | |
| 53. |
NPCI has been incorporated under ______ of Companies Act 2013. |
| A. | Section 8 |
| B. | Section 12 |
| C. | Section 4 |
| D. | Section 25 |
| Answer» B. Section 12 | |
| 54. |
The process of the CCIL subsuming all counterparty credit risk between the buyer and seller is known as? |
| A. | Arbitration |
| B. | Polarisation |
| C. | Seniorage |
| D. | Novation |
| Answer» E. | |
| 55. |
As per PSS Act 2007 no person other than the _____ can commence or operate a payment system in India. |
| A. | National Payment Corporation of India |
| B. | Government of India |
| C. | Reserve Bank of India |
| D. | Both A and C |
| Answer» D. Both A and C | |
| 56. |
Which of these payment system can be defined as: Multiple Debit, Single Credit? |
| A. | NEFT |
| B. | RTGS |
| C. | |
| D. | D. |
| Answer» D. D. | |
| 57. |
The payment and settlement systems in India is regulated as per which act? |
| A. | RBI Act 1934 |
| B. | Payment and Settlement Systems Act, 2007 |
| C. | NPCI Act 2002 |
| D. | PSS Act 2008 |
| Answer» C. NPCI Act 2002 | |