Digital economy and fintech

The transaction limit for UPI Unified Payments Interface is capped at Rs. ____ lakh, except a few categories like Capital Markets (AMC, Broking, Mutual Funds, etc.), Collections (Credit card payments, Loan re-payments, EMI), Insurance etc. where the transaction limit is Rs.___ lakh.

• 1; 2
• 2;3
• 3;4
• 4;5

The transaction limit for UPI payments for Retail Direct Scheme and for IPO subscriptions is Rs. ______ lakh.

• 4
• 5
• 6
• 7

To encourage the use of UPI for medical and educational services, RBI has proposed to enhance the limit for payments to hospitals and educational institutions from Rs.1 lakh to Rs.___ lakh per transaction.

• 2
• 4
• 5
• 7.5

The framework for processing of e-mandates for recurring transactions was introduced by RBI to balance the safety and security of digital transactions with customer convenience. The limits for execution of e_xFFFE_mandates without Additional Factor of Authentication (AFA) currently stands at Rs. ___

• 10000
• 15000
• 18000
• 20000

RBI has proposed to exempt the requirement of Additional Factor of Authentication (AFA) for transactions up to Rs. ____ lakh for the following categories, viz., subscription to mutual funds, payment of insurance premium and payments of credit card bills.

• 1
• 2
• 2.5
• 3

As per developmental and regulatory policy measures of RBI, ________ is lending to persons who are in a position to control or influence the decision of a lender a matter of concern, if the lender does not maintain an arm’s length relationship with such borrowers. Such lending can involve moral hazard issues leading to ompromise in pricing and credit management.

• Consortium lending
• Connected lending
• Mezzanine lending
• Syndication lending

The Reserve Bank is working on establishing a cloud facility for the financial sector in India. The proposed facility would enhance the security, integrity and Privacy of financial sector data. The cloud facility will be set up and initially operated by ____________, a wholly-owned subsidiary of RBI.

• Indian Financial Tech & Allied Services (IFTAS)
• Indian Financial Technology & Allied Services (IFTAS)
• India Fiscal Technology & Allied Services (IFTAS)
• Indian Fintech & Associated Services (IFTAS)

Under Central Sector Scheme for purchasing Drones to Women SHGs, for providing rental services to farmers for agriculture purpose. Financial assistance @ 80% of the cost of drone and ancillary charges up to a maximum of Rs. __ lakh will be provided to the women SHGs.

• 5
• 6
• 8
• 10

FinTechs are using emerging technologies like Distributed Ledger Technology (DLT), Artificial Intelligence / Machine Learning (AI / ML), and so on. For better understanding of the developments in the FinTech ecosystem, RBI has proposed to set-up a _______for capturing essential information about FinTechs, encompassing their activities, products, technology stack, financial information etc. FinTechs would be encouraged to provide relevant information voluntarily which will aid in designing appropriate policy approaches.

• Warehouse
• Depository
• Repository
• Data Ware House

Ministry of Housing and Urban Affairs has launched a web portal ______ Dashboard for Cities,’ under which Urban Local Bodies (ULBs) across the country can see how they are faring vis-à-vis other cities; inspire them by pointing to possibilities and areas of improvement and providing opportunity to learn and engage with frontrunners. ULB can participate to voluntarily, submit their key data on the portal.

• DARPAN
• MIRROR
• REFLECTOR
• AAINA