Banking Awareness Quiz – Set 182

Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

1. 1. 1. BHIM Stands for _______
         A. Bharat Interface for Money
         B. Bharat Heavy Interface for Money
         C. Bharat Heavy Interface Money
         D. Bharat High Interface for Money
         E. None of these
         
         Answer & Explanation

         A. Bharat Interface for Money
         Explanation:
         BHIM – Bharat Interface for Money.
         
         
      2. BHIM can be used also in ______
         A. Nepal
         B. Bangladesh
         C. Pakistan
         D. Sri Lanka
         E. None of these
         
         Answer & Explanation

         E. None of these
         Explanation:
         Currently, you can use BHIM only in India.
         
         
      3. BHIM users can send money by using which of the following details of the beneficiary?
         A. VPA
         B. Mobile Number
         C. Aadhaar Number
         D. All of these
         E. None of these
         
         Answer & Explanation

         D. All of these
         Explanation:
         BHIM users can send money by using one of the following details of the beneficiary.
         VPA(Registered on UPI)
         Mobile No(Registered on UPI)
         Aadhaar Number(Should be linked to a bank account)
         
         
      4. Is there a limit on the amount of money that can be received using BHIM?
         A. 5000
         B. 1000
         C. 10000
         D. 20000
         E. No limit
         
         Answer & Explanation

         E. No limit
         Explanation:
         No, there is no limit on the amount of money that can be received using BHIM.
         
         
      5. BHIM app is developed by?
         A. NPCI
         B. JUSPAY
         C. RBI
         D. Both (A) and (B)
         E. Both (B) and (C)
         
         Answer & Explanation

         D. Both (A) and (B)
         Explanation:
         BHIM is a mobile app developed by National Payments Corporation of India (NPCI) along with JUSPAY
         
         
      6. BHIM is based on?
         A. BBPS
         B. AEPS
         C. UPI
         D. Either (A) or (B)
         E. Either (B) or (C)
         
         Answer & Explanation

         C. UPI
         Explanation:
         UPI PIN is a four or six digit number that is set by the customers on BHIM after the registration process.
         
         
      7. UPI is built over the ______ infrastructure.
         A. NEFT
         B. RTGS
         C. IMPS
         D. All of these
         E. None of these
         
         Answer & Explanation

         C. IMPS
         Explanation:
         UPI is built over the IMPS infrastructure.
         
         
      8. BHIM app has been named after?
         A. Subhash Chandra Bose
         B. Chandra Shekhar Azad
         C. Pandit Deen Dayal Upadhyaya
         D. Bhagat Singh
         E. Dr. B R Ambedkar
         
         Answer & Explanation

         E. Dr. B R Ambedkar
         Explanation:
         BHIM app has been named after Bhim Rao Ambedkar.
         
         
      9. UPI-PIN (UPI Personal Identification Number) is a _____ passcode you create/set during first time registration with UPI App.
         A. 4-6
         B. 2-5
         C. 3-4
         D. 2-4
         E. None of these
         
         Answer & Explanation

         A. 4-6
         Explanation:
         UPI-PIN (UPI Personal Identification Number) is a 4-6 digit passcode you create/set during first time registration with UPI App
         
         
      10. The upper limit per UPI transaction is __________.
          A. 10000
          B. 20000
          C. 50000
          D. 1 lakh
          E. None of these
          
          Answer & Explanation

          D. 1 lakh
          Explanation:
          The upper limit per UPI transaction is Rs. 1 Lakh.