51-BHIM and UPI

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on BHIM and UPI 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. What does BHIM stand for?

[A] Bharat Instant Money Transfer
[B] Bharat Interface for Money
[C] Bank Hotline Instant Money
[D] Banking Hit Instant Money

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2. Which organisation developed BHIM Application?

[A] SBI
[B] RBI
[C] NPCI
[D] SEBI

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3. What does UPI stand for?

[A] Union Public Interface
[B] Unified Payment India
[C] Unified Payment Interface
[D] United Payment India

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4. Which of the following methods can be used to send money over UPI?

[A] Mobile number
[B] VPA
[C] Bank Account Number
[D] All of the above

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5. When was UPI service launched?

[A] 2016
[B] 2017
[C] 2018
[D] 2019

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6. On which architecture is UPI built upon?

[A] IMPS
[B] NEFT
[C] RBI
[D] None of the above

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7. What is the correct format of a VPA on UPI?

[A] abc/upi
[B] [email protected]
[C] abc-upi
[D] abc*upi

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8. To which of the following personalities is the BHIM app dedicated?

[A] Mahatma Gandhi
[B] Dr. B.R Ambedkar
[C] Subhash Chandra Bose
[D] Jawahar Lal Nehru

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9. What is the length of UPI pin?

[A] 2 digits
[B] 10 digits
[C] 4-6 digits
[D] 2-4 digits

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10. What does VPA stand for?

[A] Virtual Person Account
[B] Very Personal Address
[C] Verified Personal Address
[D] Virtual Payment Address

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