A common QR code built for ease of payments is known as _______
Answer: D
Correct answer: Bharat QR
Bharat QR is the common QR code standard developed by NPCI with Visa, Mastercard and American Express. Because the code is common, a merchant needs a single sticker rather than one per payment network, and the customer can scan it with any participating app.
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The National Company Law Appellate Tribunal (NCLAT) is a _____
Answer: B
Correct answer: Judicial body
NCLAT is a judicial body - an appellate tribunal that hears appeals against orders of the NCLT and of the IBBI, presided over by a judge and deciding disputes between parties. A regulator such as SEBI or the RBI makes rules and supervises; NCLAT does neither.
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________ is only a transfer mechanism, which transfers money between different bank accounts and does not hold Money.
Answer: D
Correct answer: BHIM
BHIM holds no money of its own: it is a front end to UPI, and every payment moves directly from the payer’s bank account to the payee’s. Paytm, Airtel Money and m-pesa are wallets - the customer loads value into them first, and that balance sits with the issuer until it is spent.
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How many digits are there in IIN?
Answer: B
Correct answer: 6
An IIN has six digits: the first digit shows the industry (4 and 5 for banking and finance, hence Visa and Mastercard numbers beginning 4 and 5) and the remaining five identify the issuer. The rest of the card number identifies the account, with a final check digit.
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A in FERA?
Answer: B
Correct answer: Act
FERA is the Foreign Exchange Regulation Act, 1973, a criminal statute that controlled dealings in foreign exchange during the years of scarcity. It was repealed and replaced by FEMA, the Foreign Exchange Management Act, 1999.
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The headquarters of FINCARE Small Finance Bank Limited is _____________.
Answer: D
Correct answer: Bengaluru
Fincare Small Finance Bank is headquartered at Bengaluru, Karnataka.
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The Central Government has constituted National Company Law Tribunal (NCLT) under ______ of the Companies Act, 2013.
Answer: B
Correct answer: Section 408
The National Company Law Tribunal was constituted by the Central Government under Section 408 of the Companies Act, 2013. NCLAT, the appellate tribunal above it, comes under Section 410 of the same Act.
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The headquarters of Ujjivan Small Finance Bank Limited is _______
Answer: D
Correct answer: Bengaluru
Ujjivan Small Finance Bank is headquartered at Bengaluru, Karnataka.
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C in ICO?
Answer: B
Correct answer: Coin
ICO is an Initial Coin Offering: a crypto-currency project raising money by selling its own tokens, roughly the way a company raises money through an initial public offering of shares. The name is deliberately modelled on IPO.
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How many languages are available on BHIM to improve user experience?
Answer: B
Correct answer: 13
BHIM is available in 13 languages - English, Hindi and eleven other Indian languages - so that a user need not read English to make a UPI payment.
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