15. Consider the following statements,

1] TheUnified Payments Interface (UPI)will enable money transfers – both ‘Push’ and ‘Pull’ through smart phones.

2] UPI allows a customer to pay directly from a bank account to different merchants, both online and offline, without the hassle of typing credit card details, IFSC code, or net banking/wallet passwords.

Which of the following statements is/are correct?

a) 1 only

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b) 2 only

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c) Both 1 and 2

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d) Neither 1 nor 2

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Solution

The correct option is C
c) Both 1 and 2

Ans c)

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Similar questions

Consider the following statements regarding Payment Banks:
1. Payment Banks can't advance loans or issue credit cards.
2. Payment Banks can accept demand deposits up to Rs 5 lakh.
3. Payment Banks offer remittance services, mobile payments/transfers/purchases.
4. Payment Banks offer banking services like ATM/debit cards, net banking and third party fund transfers.
Which of the above statement(s) is/are correct?

1. Consider the following statements,

1] BHIM is a biometric payment system app using Aadhar platform, and is based on Unified Payment Interface (UPI) to facilitate e-payments directly through bank.

2] The payments through the new system (BHIM App) can be made by just a thumb impression after the bank account is linked with Aadhaar gateway.

Which of the following statements is/are incorrect?

Q32) Consider the following statements about Payment Banks.

i) Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.

ii) They will not lend to customers and will have to deploy their funds in government papers and bank deposits.

iii) They can issuedebit cards and credit cards.

Which of the above statements is/are correct?

Q. 97. Consider the following statements:
i) Payments banks will mainly deal in transfer and remittance services and accept deposits of up to Rs 1 lakh.
ii) They will not lend to customers and will have to deploy their funds in government papers and bank deposits.
iii) They can accept demand deposit, issue ATM/debit and credit cards.
Which of the above statements is/are correct?

Which bank recently announced the launch of mVisa – a mobile-based payment solution which enables customers to pay using their smartphones by scanning the merchant QR code?

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The correct option is C c) Both 1 and 2 Ans c)

The correct option is C
c) Both 1 and 2

Ans c)