Top 80+ Solved Trends and Cases in Finance MCQ Questions Answer

From 76 to 89 of 89

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

  • b. Companies Act, 1956 / Companies Act, 2013

Q. What is the rate of interest offered on PPI balance?

a. 1%

b. 2%

c. Zero

d. 3%

  • c. Zero

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

  • 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

  • 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.

  • a. New project having potential for higher profit

Q. What is the maximum validity period of a PPI?

a. 6 months

b. 12 months

c. 9 months

d. 3 months

  • b. 12 months

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

  • 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

  • a. Semi-closed 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

  • a. Rupay

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

  • c. Rs 1 lakh

Q. Smart Card is ______

a. Special purpose Cards

b. Microprocessor Cards

c. Processing unit contains memory for storing data

d. Processing unit for software

  • b. Microprocessor Cards
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