SEPA quiz
SEPA Payment Knowledge Quiz
Test your knowledge about the Single Euro Payments Area (SEPA) with our interactive quiz! This quiz covers key concepts surrounding SEPA, its payment schemes, and the relevant ISO messages, helping you deepen your understanding of European payment systems.
Prepare yourself to answer:
- The primary tasks of key financial institutions
- Important ISO 20022 messages
- Features of various SEPA payment methods
Primary task of European Payment Council is ?
To manage 4 payment scheme
Contribute to harmonized payments
International Profit Association
Support payment other than EUR currency
Main task of European Central Bank (ECB) is ?
ECB is bank only
Maintain Price Stability
To maintain latest technologies
Develop Market Infrastructure
How many countries are part of SEPA ?
35
32
36
37
SEPA DD is primarily used for ?
One time Payment
Recurring transaction
Standing orders
Cheque
SEPA Credit transfer is
Batch Payment
One time payment
Introduced in 2008 by EPC
Bank must be SEPA participants
What is correct about SEPA Instant ?
Transaction Completed under 10 sec.
Available in 24/7
Batch Payment
Transaction amount up to 100,000
For Mandate initiation which ISO 20022 message is used ?
Pacs.008
Pain001
Pain.009
Pain.010
To collecting Direct debit request which ISO20022 message used ?
Pain.008
Pain.001
Pain.009
Pacs.008
FI to FI credit transfer request is initiated by using ?
Pacs.003
Pacs.002
Pacs.008
Pacs.004
To Cancel the SEPA payment which message use?
Camt.029
Camt.054
Camt.052
Camt.056
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