Digital Banking Awareness Quiz – Set 3
Hello Aspirants,
Welcome to Digital Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and mainly for Federal Bank Officer Scale I and Clerks Exams.
- The maximum value of any prepaid payment instrument, where specific limits have not been prescribed, shall not exceed ______
A. Rs. 25000
B. Rs. 75000
C. Rs. 50000
D. Rs. 100000
E. None of these - Entities, seeking approval/authorisation from the RBI for issuance of PPIs should have a minimum positive net worth of _______.
A. Rs. 10 Crore
B. Rs. 15 Crore
C. Rs. 20 Crore
D. Rs. 25 Crore
E. None of these - Amount in a PPI should not exceed _____ at any point of time if the customer provides full KYC
A. Rs. 1 lakh
B. Rs. 2 lakh
C. Rs. 3 lakh
D. Rs. 4 lakh
E. None of these - Amount in a PPI should not exceed _____ if the customer provides minimum KYC details to the PPI issuing entity.
A. Rs. 10,000
B. Rs. 20,000
C. Rs. 15,000
D. Rs. 25,000
E. None of these - The maximum value in PPIs for credit of cross border inward remittance at any point of time shall not exceed _______
A. Rs. 45,000
B. Rs. 35,000
C. Rs. 25,000
D. Rs. 50,000
E. None of these - The maximum value outstanding in PPI-MTS(Mass Transit System operator) cannot exceed the limit of _______at any point of time
A. Rs. 2000
B. Rs. 5000
C. Rs. 4000
D. Rs. 3000
E. None of these - Bank and non-bank entities are permitted to issue prepaid gift instruments.The maximum validity of the prepaid gift instruments shall be _______
A. 3 years
B. 5 years
C. 4 years
D. 2 years
E. None of these - Maximum value of each prepaid gift instrument shall not exceed _______
A. Rs. 20000
B. Rs. 10000
C. Rs. 25000
D. Rs. 15000
E. None of these - The amount outstanding at any point of time in Open System PPIs by banks shall not exceed ________
A. Rs. 200000
B. Rs. 100000
C. Rs. 250000
D. Rs. 150000
E. None of these - _______ are redeemable at a group of clearly identified merchants that contract specifically with the issuer to accept the payment instrument.
A. Closed System Payment Instruments
B. Semi-closed System Payment Instruments
C. Open System Payment Instruments
D. Semi-Open System Payment Instruments
E. None of these
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