1. What is BHIM UPI?
A. Bank
B. Mobile App
C. Payment System
D. Credit Card
Answer: C. Payment System
2. Which organization manages BHIM UPI?
A. Reserve Bank of India (RBI)
B. World Bank
C. National Payments Corporation of India (NPCI)
D. International Monetary Fund (IMF)
Answer: C. National Payments Corporation of India (NPCI)
3. How does BHIM UPI work?
A. Through physical cards
B. Via email transfers
C. Using mobile applications
D. Through telegraphic transfers
Answer: C. Using mobile applications
4. What is BHIM?
A. A specific bank’s UPI system
B. A governmentinitiated UPI app
C. An international payment platform
D. A type of credit card
Answer: B. A governmentinitiated UPI app
5. Which of the following is a characteristic of BHIM UPI?
A. Operated by individual banks
B. Managed by the government
C. Limited to a specific region
D. Available only for credit card transactions
Answer: B. Managed by the government
6. What distinguishes Bank UPI from BHIM UPI?
A. BHIM is for international transactions, while Bank UPI is for domestic transactions.
B. BHIM is a specific app, while Bank UPI refers to the UPI services offered by individual banks.
C. Bank UPI is a mobile wallet, while BHIM is a cardbased system.
D. BHIM is only available for government transactions, while Bank UPI is for personal use.
Answer: B. BHIM is a specific app, while Bank UPI refers to the UPI services offered by individual banks.
7. Which entity manages the BHIM app?
A. Individual banks
B. National Payments Corporation of India (NPCI)
C. Reserve Bank of India (RBI)
D. International Monetary Fund (IMF)
Answer: B. National Payments Corporation of India (NPCI)
8. What is the scope of Bank UPI services?
A. Limited to a single bank’s customers
B. Available only for online purchases
C. Restricted to specific states in India
D. Accessible to customers of any participating bank
Answer: D. Accessible to customers of any participating bank
9. Which of the following banks offer UPI services in India?
A. State Bank of India (SBI)
B. HDFC Bank
C. ICICI Bank
D. All of the above
Answer: D. All of the above
10. True or False: UPI services are exclusive to private banks in India.
A. True
B. False
Answer: B. False
11. Which organization manages the UPI infrastructure in India?
A. Reserve Bank of India (RBI)
B. National Payments Corporation of India (NPCI)
C. Securities and Exchange Board of India (SEBI)
D. Indian Banks’ Association (IBA)
Answer: B. National Payments Corporation of India (NPCI)
12. Can customers of different banks use UPI to transfer money to each other?
A. Yes
B. No
Answer: A. Yes
13. Which of the following is not a bank but provides UPI services?
A. Paytm Payments Bank
B. Google Pay
C. Amazon Pay
D. None of the above
Answer: D. None of the above
14. Which types of bank accounts are supported by BHIM for transactions?
A. Only savings accounts
B. Only current accounts
C. Both savings and current accounts
D. Only fixed deposit accounts
Answer: C. Both savings and current accounts
15. Can BHIM be used for transactions involving multiple banks?
A. Yes, only for specific banks
B. No, BHIM is limited to transactions within the same bank
C. Yes, for transactions across any participating bank
D. No, BHIM can only be used for international transactions
Answer: C. Yes, for transactions across any participating bank
16. Which of the following is NOT supported by BHIM for transactions?
A. Savings accounts
B. Fixed deposit accounts
C. Current accounts
D. Overdraft accounts
Answer: B. Fixed deposit accounts
17. True or False: BHIM transactions can only be initiated through a mobile app.
A. True
B. False
Answer: B. False
18. Is BHIM limited to transactions within a specific region in India?
A. Yes
B. No
Answer: B. No
19.What is the primary purpose of BHIM?
A. Only for international transactions
B. Exclusive for online shopping
C. To facilitate quick and secure peer-to-peer transactions
D. Limited to ATM cash withdrawals
Answer: C. To facilitate quick and secure peer-to-peer transactions
20.Can BHIM be used for business transactions?
A. No, BHIM is only for personal use
B. Yes, for both personal and business transactions
C. Only for business transactions
D. BHIM does not support any type of transactions
Answer: B. Yes, for both personal and business transactions