1. What does Paytm stand for?
a) Pay Through Mobile
b) Pay To Me
c) Payment Through Mobile
d) Pay Through Money
Answer: a) Pay Through Mobile
2. Who is the founder of Paytm?
a) Vijay Shekhar Sharma
b) Mukesh Ambani
c) Sachin Bansal
d) Bhavish Aggarwal
Answer: a) Vijay Shekhar Sharma
3. In which year was Paytm launched?
a) 2008
b) 2010
c) 2011
d) 2012
Answer: c) 2011
4. What type of services does Paytm primarily offer?
a) E-commerce
b) Social media
c) Digital payments and financial services
d) Transportation services
Answer: c) Digital payments and financial services
5. Which regulatory body oversees digital payments in India?
a) Reserve Bank of India (RBI)
b) Securities and Exchange Board of India (SEBI)
c) National Payments Corporation of India (NPCI)
d) Telecom Regulatory Authority of India (TRAI)
Answer: a) Reserve Bank of India (RBI)
6. What is the digital wallet service provided by Paytm called?
a) Paytm Money
b) Paytm Wallet
c) Paytm Cash
d) Paytm Funds
Answer: b) Paytm Wallet
7. How can users add money to their Paytm Wallet?
a) Only through credit card
b) Only through debit card
c) Through credit card, debit card, net banking, and UPI
d) Only through cash deposit at Paytm centers
Answer: c) Through credit card, debit card, net banking, and UPI
8. Which of the following is NOT a service provided by Paytm?
a) Mobile recharges
b) Bill payments
c) Flight bookings
d) Stock trading
Answer: d) Stock trading
9. Paytm Payments Bank is a joint venture between Paytm and which entity?
a) State Bank of India (SBI)
b) ICICI Bank
c) HDFC Bank
d) Bank of Baroda
Answer: a) State Bank of India (SBI)
10. What is the maximum amount of money that can be stored in a Paytm Payments Bank account?
a) ₹1 lakh
b) ₹2 lakh
c) ₹5 lakh
d) ₹10 lakh
Answer: a) ₹1 lakh
11. Paytm’s QR code-based payment solution is known as:
a) Paytm Scan & Pay
b) Paytm Tap & Pay
c) Paytm Swipe & Pay
d) Paytm Type & Pay
Answer: a) Paytm Scan & Pay
12. Paytm provides cashback offers to users. What does cashback mean?
a) Extra money credited to the user’s account after a transaction
b) A discount on the transaction amount
c) A fee charged for using the service
d) A reward in the form of Paytm Points
Answer: a) Extra money credited to the user’s account after a transaction
13. What is the maximum limit for a single transaction using Paytm?
a) ₹10,000
b) ₹20,000
c) ₹50,000
d) ₹1,00,000
Answer: c) ₹50,000
14. Paytm offers a feature called “Paytm for Business” for merchants. What does it provide?
a) Inventory management solutions
b) Payment collection solutions
c) Marketing and advertising services
d) Employee payroll management
Answer: b) Payment collection solutions
15. Which of the following is NOT a type of financial service offered by Paytm?
a) Savings account
b) Insurance
c) Mutual funds
d) International money transfers
Answer: d) International money transfers
16. What is the fee charged by Paytm for transferring money from Paytm Wallet to a bank account?
a) 0%
b) 1%
c) 2%
d) 3%
Answer: a) 0%
17. How does Paytm ensure the security of transactions and user data?
a) Two-factor authentication
b) Encryption
c) Biometric authentication
d) All of the above
Answer: d) All of the above
18. Paytm offers a virtual debit card service called:
a) Paytm Money Card
b) Paytm Digital Card
c) Paytm Wallet Card
d) Paytm Payments Bank Card
Answer: d) Paytm Payments Bank Card
19. Which technology does Paytm use to facilitate instant money transfers?
a) UPI (Unified Payments Interface)
b) NEFT (National Electronic Funds Transfer)
c) RTGS (Real Time Gross Settlement)
d) IMPS (Immediate Payment Service)
Answer: a) UPI (Unified Payments Interface)
20. Paytm is headquartered in which Indian city?
a) Mumbai
b) Bengaluru
c) New Delhi
d) Hyderabad
Answer: c) New Delhi
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