PPB MODULE C Unit 9 Technology Trends in Banking, e-RUPI, Fintec

E-RUPI was launched by?

• Reserve Bank of India (RBI)
• National Payments Corporation of India (NPCI)
• Securities and Exchange Board of India (SEBI)
• Ministry of Finance
• State Bank of India

What is the main purpose of E-RUPI?

• Seamless one-time payment mechanism
• Online banking
• Mobile recharge service
• Peer-to-peer lending
• Mutual fund investments

How can e-RUPI be redeemed?

• At merchants accepting e-RUPI
• Using a digital payments app
• Through internet banking
• Only on weekdays
• By visiting a bank branch

How is e-RUPI shared with beneficiaries?

• Through SMS or QR code
• Through email
• Through phone call
• Through mobile app
• Through physical mail

What is the maximum amount for which e-RUPI can be issued?

• INR 10,000
• INR 5,000
• INR 15,000
• INR 20,000
• INR 25,000

How many banks were live on e-RUPI as of January 2022?

• 16
• 10
• 20
• 25
• 30

Which users can use e-RUPI even without a smartphone?

• Users without a smartphone
• Users with a smartphone
• Only government officials
• Only senior citizens
• Students

In what form is e-RUPI distributed?

• Digital form
• Physical form
• Voucher form
• Card form
• QR code form

Which organization launched E-RUPI?

• National Payments Corporation of India (NPCI)
• Reserve Bank of India (RBI)
• Securities and Exchange Board of India (SEBI)
• Ministry of Finance
• State Bank of India

E-RUPI is used for which specific purpose or activity?

• For a specific purpose or activity
• General shopping
• Education expenses
• Healthcare services
• Investment