Online Quiz

← Back
Get daily current affairs & exam alerts – follow us YouTube WhatsApp Channel Telegram Channel Facebook Page Instagram
Share with friends & study groups
Link to this page from your website / blog (HTML code)
1.  
About RTGS, which is/are correct?
I. It has a minimum of ₹ 2 lakh and no upper limit.
II. Inward RTGS transactions are free.
III. If credit fails, funds must be returned within two hours.

Correct Answer: A [Only I and II]

Explanation:

I and II true; RTGS return – within one hour (two hours is NEFT).

2.  
About PPIs (RBI FAQ, 22 Nov 2022), which is/are correct?
I. Non-bank PPI issuers must be companies incorporated in India and authorised by the RBI.
II. A cash-loaded small PPI must be converted to full-KYC within 24 months.
III. Gift PPIs are reloadable.

Correct Answer: E [Only I and II]

Explanation:

I and II true; gift PPIs are not reloadable.

3.  
About UPI (PIB, 24 Aug 2026), which is/are correct?
I. Annual volume in FY 2025-26 was over 24,162 crore transactions.
II. UPI accounts for nearly 49% of the world's real-time payment volume.
III. UPI is live in Greece and Cambodia.

Correct Answer: E [All of I, II and III]

Explanation:

All three are correct.

4.  
About the digital rupee, which is/are correct?
I. It is a liability of the RBI.
II. Retail e₹ has been live since December 2022.
III. It is issued in denominations different from currency notes.

Correct Answer: A [Only I and II]

Explanation:

I and II true; e₹ uses the same denominations as currency notes.

5.  
About NPCI, which is/are correct?
I. It took over the NFS ATM network on 14 December 2009.
II. RuPay's international partners include Discover, JCB and China UnionPay.
III. It operates NEFT on behalf of the RBI.

Correct Answer: D [Only I and II]

Explanation:

I and II true; the RBI itself owns and operates NEFT.

6.  
Match the date with the event:
(i) 14 December 2020 (ii) 16 December 2019 (iii) 22 November 2010 (iv) 13 October 2023
(p) CTS national grid (q) RTGS 24x7 (r) IMPS public launch (s) NEFT 24x7

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

Explanation:

Direct facts.

7.  
A trader must send ₹ 3.4 lakh at 11 pm on a Sunday through net banking. Which is/are correct?
I. He can use RTGS, because RTGS works 24x7 and the amount is above ₹ 2 lakh.
II. If he uses RTGS, the most his bank may charge (excluding tax) is ₹ 25.
III. NEFT cannot be used on a Sunday night.

Correct Answer: B [Only I and II]

Explanation:

RTGS and NEFT are both 24x7; ₹ 3.4 lakh is in the ₹ 2–5 lakh RTGS slab → at most ₹ 25.

8.  
About the Bharat Bill Payment System, which is/are correct?
I. RBI guidelines on its implementation were issued on 28 November 2014.
II. It now operates under the brand Bharat Connect through NPCI Bharat BillPay Ltd.
III. There can be several BBPCUs, one for each State.

Correct Answer: C [Only I and II]

Explanation:

I and II true; there is a single BBPCU (NPCI).

9.  
Odd one out (by operator):

Correct Answer: A [RTGS]

Explanation:

RTGS is run by the RBI; the others by NPCI.

10.  
A non-bank full-KYC wallet holder withdraws ₹ 2,000 cash six times in a month. Which is/are correct?
I. Each withdrawal is within the per-transaction limit.
II. All six go through.
III. The total withdrawn in the month can be ₹ 10,000.

Correct Answer: D [Only I and III]

Explanation:

₹ 2,000 ≤ ₹ 2,000 per transaction; monthly cap ₹ 10,000 → only five succeed (₹ 10,000).

11.  
About cheque clearing, which is/are correct?
I. Under CTS, the physical cheque travels to the drawee bank.
II. CTS has worked as a national grid since 13 October 2023.
III. Banks may make Positive Pay mandatory for cheques of ₹ 5 lakh and above.

Correct Answer: B [Only II and III]

Explanation:

II and III true; under CTS an image travels, the paper stays with the presenting bank.

📘 IBPS Clerk 2026 – B5 Banking & Financial Awareness + Static GK (PDF book)
Here you get the answer with a one-line explanation. 745 questions, each with a full step-by-step explanation · shortcuts, tables, trap alerts · Prelims + Mains sectional mocks. All 5 books together: ₹599.
Get the book – ₹149 →
Score: 0 Answered: 0 / 0