50 - Bharat Bill Payment System (BBPS)

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Bharat Bill Payment System (BBPS) for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank

1. Which of these committees is related to BBPS?

[A] Y Malegam committee
[B] Rangarajan committee
[C] G .Padmanabhan committee
[D] Narsimaham committee

Show Answer

2. Under which act the banks, which are desirous of operating as BBPOUs, need to get the approval?

[A] Banking & Regulation Act 1949
[B] RBI Act 1934
[C] Payments & settlement System Act ,2007
[D] None of the above

Show Answer

3. Which organisation will authorise the Bharat Bill Payment Operating Units in the BBPS?

[A] Finance Ministry

Show Answer

4. What are the advantages of BBPS?

[A] Multiple Payment Modes
[B] Payment of bill anywhere and anytime
[C] Timely & guaranteed settlements between parties
[D] All of the above

Show Answer

5. Who can become an authorised BBPOU under BBPS?

[A] Banks
[B] Non-Bank entities
[C] Both Banks and Non-Bank entities
[D] None of the above

Show Answer

6. What does BBPOU stand for?

[A] Bharat Bill Payment Operating Units
[B] Bharat Biller Payment Operating Units
[C] Bharat Bill Payment Onsite Units
[D] Bharat Bill Payment Online Units

Show Answer

7. What does C in BBPCU stand for?

[A] Central
[B] Console
[C] Centralised
[D] Collection

Show Answer

8. Which organisation functions as the authorised Bharat Bill Payment Central Unit?

[A] State bank of India
[B] ICICI Bank
[D] Reserve Bank of India

Show Answer

9. Which of these payment modes can be used for payment over BBPS?

[A] Cash
[B] Transfer Cheques
[C] Electronic modes
[D] All of the above

Show Answer

10. Which of the following payments can NOT be done using BBPS as of now (2020)?

[A] Electricity Bill
[B] Water Bill
[C] School Fees
[D] Mobile Bill

Show Answer


Kindly help us to keep GKToday updated and error free. Use this form to report error or outdated information in questions. We shall rectify asap...