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

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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

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

[A] Finance Ministry
[B] RBI
[C] SEBI
[D] NOCI

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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

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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

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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

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7. What does C in BBPCU stand for?

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

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

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

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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

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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

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