SBI PO Payment Systems — practice questions
27 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice SBI PO Payment Systems in the app →NEFT stands for:RTGS stands for:On a cheque, MICR stands for:IFSC stands for:Payment systems in India are authorised under which Act?Who may operate a payment system without authorisation from RBI?A Payment System Operator has the meaning given for a system:Authorisation to operate a payment system is available on a basis that is:An application for authorisation is submitted through the RBI:Which item is included in net-worth for authorisation?Which item is excluded from net-worth for authorisation?Which is deducted while working out net-worth?Compliance with the net-worth requirement is certified by the:Promoters and promoter groups must meet criteria described as:Which disqualifies a person under the fit and proper test?Whose decision on fit and proper status is final?An incomplete application for authorisation is:FATF publishes a list of jurisdictions under increased:A jurisdiction on neither FATF list is described as:Fresh investment from a non-compliant jurisdiction must stay under:Investors who held stakes before a jurisdiction was listed may:Authorisation given to a new entity is valid on a basis that is:An existing operator not meeting the conditions gets renewals of:Non-compliance with authorisation conditions may lead to:An operator that wants to stop operating applies for:The cooling period RBI may impose runs for:During a cooling period an entity may not submit an application to: