Top 80+ Solved Trends and Cases in Finance MCQ Questions Answer
Q. An entity registered under which act can issue PPIs?
a. Reserve Bank of India Act, 1934
b. Companies Act, 1956 / Companies Act, 2013
c. Banking Regulations Act, 1949
d. Payment an Settlement Systems Act, 2007
Q. Which of the following is not one of the types of PPIs issued?
a. Closed System PPIs
b. Semi-closed System PPIs
c. Open System PPIs
d. Semi-open System PPIs
Q. What is the maximum permitted limit of balance at any point in time in PPIs permonth?
a. Rs 75,000
b. Rs 1 lakh
c. Rs 25,000
d. Rs 50,000
Q. Venture capital is concerned with:
a. New project having potential for higher profit
b. New project of high technology
c. New project having high risk
d. All the above.
Q. The PPIs that are issued by an entity for facilitating the purchase of goods and services from that entity only and do not permit cash withdrawal are known as_____________
a. Open System PPIs
b. Semi-closed System PPIs
c. Semi-open System PPIs
d. Closed System PPIs
Q. Paytm, MobiKwik is an example of which type of PPI?
a. Semi-closed System PPIs
b. Open System PPIs
c. Closed System PPIs
d. Semi-Open System PPIs
Q. Which of the following is an example of Open System PPIs?
a. Rupay
b. Paytm Wallet
c. Ola Money
d. All the above
Q. In the Open System PPIs, the outstanding amount should notexceed______________ at any point.
a. Rs 10,000
b. Rs 50,000
c. Rs 1 lakh
d. Rs 2 lakh
Q. In …………………..type of payment system customer is allowed to spend only up to the amount that have pre deposited into account.
a. Prepaid
b. Post paid
c. both of these
d. none of these
Q. ……………………….credit card gives all the advantages of a normal credit card without worrying about the interest charges.
a. Prepaid
b. Post paid
c. both of these
d. none of these
Q. A……………………..is a device that includes an embedded integrated circuit Chip [ICC] that can be either a secure micro controller or equivalent intelligence with internal memory or a memory chip alone.
a. smart Cards
b. E-Cheques
c. E-cash
d. none of these
Q. Smart Card is ______
a. Special purpose Cards
b. Microprocessor Cards
c. Processing unit contains memory for storing data
d. Processing unit for software