Q1 · hard · AI-verified
What is the transaction limit for UPI 2.0 for peer-to-peer transactions per day as set by NPCI?
- ₹2,00,000
- ₹1,00,000
- ₹25,000
- ₹50,000
Q2 · hard · AI-verified
Which technology backbone does the Unified Payments Interface (UPI) primarily utilize for real-time fund transfers?
- Structured Financial Messaging System (SFMS)
- Real Time Gross Settlement (RTGS)
- Immediate Payment Service (IMPS)
- National Electronic Funds Transfer (NEFT)
Q3 · hard · AI-verified
Which of the following initiatives under the Digital India Stack has been specifically designed to enable interoperable, real-time, retail payments in India and has processed over 100 billion transactions cumulatively by 2024?
- Immediate Payment Service (IMPS)
- Unified Payments Interface (UPI)
- Aadhaar Enabled Payment System (AEPS)
- Bharat Interface for Money (BHIM)
Q4 · hard · AI-verified
What is the minimum net worth requirement for a Payment System Operator (PSO) license from RBI as per current guidelines?
- ₹25 crore
- ₹100 crore
- ₹10 crore
- ₹50 crore
Q5 · hard · AI-verified
The Digital Rupee (e₹) issued by RBI operates on which technology framework?
- Proof of Work Blockchain
- Distributed Ledger Technology
- Traditional Database System
- Hybrid Blockchain-Database System