50 - Bharat Bill Payment System (BBPS)

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1).
Which of these committees is related to BBPS?
2).
Under which act the banks, which are desirous of operating as BBPOUs, need to get the approval?
3).
Which organisation will authorise the Bharat Bill Payment Operating Units in the BBPS?
4).
What are the advantages of BBPS?
5).
Who can become an authorised BBPOU under BBPS?
6).
What does BBPOU stand for?
7).
What does C in BBPCU stand for?
8).
Which organisation functions as the authorised Bharat Bill Payment Central Unit?
9).
Which of these payment modes can be used for payment over BBPS?
1. Which of these committees is related to BBPS?
[A] Y Malegam committee
[B] Rangarajan committee
[C] G .Padmanabhan committee
[D] Narsimaham committee
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
3. Which organisation will authorise the Bharat Bill Payment Operating Units in the BBPS?
[A] Finance Ministry
[B] RBI
[C] SEBI
[D] NOCI
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
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
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
7. What does C in BBPCU stand for?
[A] Central
[B] Console
[C] Centralised
[D] Collection
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
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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