CRED Q
__ are entities that facilitate e-commerce sites & merchants to accept various payment instruments from the customer for the completion of their payment obligations without the need for merchants to create a separate payment integration system of their own. __ manage fund flow as well
PGs
Banks
PAs
PPI
Are all PAs also PGs?
Yes
No
I don't care!
Which of the following technology is used in RuPay Contactless?
QSPARC
QSPARK
QSPACH
QSLASH
How many maximum number of banks (that may participate) can be involved in a P2P UPI transaction?
2
3
4
5
In a P2M (Person to merchant) UPI transaction, what is the total count of all the participants (including the merchant & the account holder)?
5
6
7
4
Choose the correct participants in UPI
Payer PSP, Remitter Bank, Beneficiary Bank, NPCI, Bank Account holders, Merchants
Payee PSP, Remitter Bank, Beneficiary Bank, NPCI, Bank Account holders, Merchants
Payer PSP, Payee PSP, Remitter Bank, Beneficiary Bank, NPCI, Payment Switch, Bank Account holders, Merchants
Payer PSP, Payee PSP, Remitter Bank, Beneficiary Bank, NPCI, Bank Account holders, Merchants
GPay is an example of what kind of PPI?
Semi closed system PPI
Open system PPI
Closed system PPI
None of the above
Choose the correct full form of TPAPs with the correct example (for India) as shown?
Third Party Application Programs, Ex: Thunderbird
Terminal Payee Application Program, Ex: Axis (@ypl)
Third Party Application Providers, Ex: Amazon Pay
Third Party Application Providers, Ex: Ali Pay
As per the latest stats published by UPI (as on March 2022), majority of the P2M transactions were under which range?
INR 0 - INR 500
INR 501 - 2000
INR 2001 - 3000
INR 3000+
What is the full form of PPIs (as defined by RBI)?
Pre Programed Instruments
Payee Payer Interface
Pre Payment Instruments
Prepaid Payment Instruments
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