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IBPS RRB Office Assistant Payment Systems — practice questions — page 3

Explore 66 free Payment Systems questions in IBPS RRB Office Assistant Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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Payment Systems questions and exercises with answers

Showing questions 61–66 of 66.

Steer into the payments laneRead the answer and worked solution →Slice the PSO wordsRead the answer and worked solution →Fit or unfitRead the answer and worked solution →Which step of closingRead the answer and worked solution →Type the numberRead the answer and worked solution →Payment systems bingoRead the answer and worked solution →

Worked practice questions

Steer into the payments lane

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Questions
  1. Correct
    Escrow
    Choices
    1. Escrow
    2. Eagle
    3. Engine
  2. Correct
    CoA
    Choices
    1. Cabbage
    2. CoA
    3. Candle
  3. Correct
    FATF
    Choices
    1. Falcon
    2. Feather
    3. FATF
  4. Correct
    Promoter
    Choices
    1. Promoter
    2. Pillow
    3. Pencil
  5. Correct
    Net-worth
    Choices
    1. Napkin
    2. Net-worth
    3. Needle
  6. Correct
    DPSS
    Choices
    1. Dolphin
    2. Dagger
    3. DPSS
Instructions
Pick the lane whose word belongs to payment system authorisation.
_Source: RBI Master Directions on Authorisation to operate a Payment System._

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Slice the PSO words

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Does not match the category
  1. Pollen
  2. Comet
  3. Enzyme
  4. Retina
Matches the category
  1. CoA
  2. Escrow
  3. FATF
  4. DPSS
  5. Promoter
  6. On-tap
Instructions
Slice only the words from payment system authorisation.
_Source: RBI Master Directions on Authorisation to operate a Payment System._

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Fit or unfit

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Upper category
Fit
Lower category
Unfit
Items
  1. Category
    Fit
    Item
    Integrity
  2. Category
    Fit
    Item
    Honesty
  3. Category
    Fit
    Item
    Reputable
  4. Category
    Fit
    Item
    Solvent
  5. Category
    Unfit
    Item
    Convicted
  6. Category
    Unfit
    Item
    Insolvent
  7. Category
    Unfit
    Item
    Unsound
  8. Category
    Unfit
    Item
    Debarred
Instructions
Send each wagon to the platform the fit and proper test puts it on.
_Source: RBI Master Directions on Authorisation to operate a Payment System._

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How to practise

  1. Choose a Payment Systems question and try to work out your answer.
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More Banking Awareness topics

RBI BasicsNPA & RecoveryBanker-Customer RelationshipNegotiable Instruments ActRBI Act & BR ActMonetary PolicyBasel Norms & CapitalFinancial Institutions