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1.  
A firm sends three RTGS transfers of ₹ 2.5 lakh, ₹ 6 lakh and ₹ 5 lakh. The maximum total bank charge (excluding tax) is:

Correct Answer: A [₹ 100]

Explanation:

25 + 50 + 25 (₹ 5 lakh is within the 2–5 lakh slab) = ₹ 100.

2.  
Of transfers of ₹ 1.5 lakh, ₹ 2.5 lakh and ₹ 18 lakh, which can be sent by RTGS?

Correct Answer: B [₹ 2.5 lakh and ₹ 18 lakh only]

Explanation:

RTGS minimum ₹ 2 lakh, no maximum.

3.  
From a non-bank full-KYC wallet, a holder tries cash withdrawals in one month of ₹ 1,800, ₹ 2,500, ₹ 1,900, ₹ 2,000, ₹ 1,700, ₹ 1,600 and ₹ 1,500 (in that order). How many succeed?

Correct Answer: D [5]

Explanation:

₹ 2,500 fails (> ₹ 2,000).

4.  
A full-KYC wallet has ₹ 1,28,500. The maximum that can be loaded now by transfer from a bank account is:

Correct Answer: D [₹ 71,500]

Explanation:

Outstanding cap ₹ 2,00,000 − 1,28,500 = ₹ 71,500 (the ₹ 50,000-a-month cap applies only to cash loading).

5.  
Match the PPI type with its limit:
(i) Full-KYC PPI (ii) PPI-MTS (iii) Gift PPI (iv) Small PPI – annual loading
(p) ₹ 3,000 outstanding (q) ₹ 2,00,000 outstanding (r) ₹ 1,20,000 (s) ₹ 10,000 per instrument

Correct Answer: E [i-q, ii-p, iii-s, iv-r]

Explanation:

RBI FAQ (22 Nov 2022).

6.  
How many are correct? (a) IMPS is operated by NPCI. (b) The RBI waived its RTGS processing charges from 1 July 2019. (c) NEFT credit must be given within 30 minutes of batch settlement. (d) e₹ has retail and wholesale forms.

Correct Answer: C [3]

Explanation:

(a), (b), (d) true; NEFT credit – within 2 hours.

7.  
Reverse question: a system settles each transaction individually in the books of the RBI, has no upper limit and a minimum of ₹ 2 lakh. It is:

Correct Answer: B [RTGS]

Explanation:

RTGS.

8.  
How many days after NEFT went 24x7 did RTGS go 24x7?

Correct Answer: A [364]

Explanation:

16 Dec 2019 → 14 Dec 2020 = 364 days (2020 is a leap year).

9.  
Under the RBI's BBPS guidelines as amended on 26 May 2022, a non-bank BBPOU must have a minimum net worth of:

Correct Answer: B [₹ 25 crore]

Explanation:

₹ 25 crore – the RBI circular of 26 May 2022 reduced the requirement to this level; it applies at application and at all times.

10.  
Arrange chronologically: retail e₹, UPI launch, RTGS 24x7, IMPS launch, NEFT 24x7.

Correct Answer: C [IMPS → UPI → NEFT 24x7 → RTGS 24x7 → retail e₹]

Explanation:

2010 → 2016 → 2019 → 2020 → 2022.

11.  
Which NPCI system is used by the Government to credit DBT to Aadhaar-linked accounts?

Correct Answer: D [Aadhaar Payment Bridge (APB)]

Explanation:

APB – direct benefit transfers.

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