Bharat Interface for Money (BHIM)
BHIM is a UPI based payment interface which allows real time fund transfer using a single identity like your mobile number or name.
Answer the following questions regarding BHIM.
1. Which one is not correct reagarding money sent to a wrong user?
a. Matter can be referred to NPCI
b. A successful transaction cannot be reversed
c. You have to try and raise a collect request and hope that the user will return the same
d. There is no guarantee that your amount will be reversed
2. What is correct in respect of BHIM? (i) You can't use BHIM outside India, (ii) You can use BHIM outside India to send and collect money for your local accounts, (iii) NRI/NRE accounts cannot be used for the same.
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
3. What are the methods available on BHIM for sending Money? (i) VPA/Mobile No (Registered on UPI), (ii) Aadhaar Number (Should be linked to a bank account), (iii) Account Number and IFS code
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
4. What are the charges to use BHIM?
a. Depends upon the transaction limit
b. Depends on the Bank
c. Depnds on the App
d. NPCI does not charge any user for transacting on BHIM
5. Which is not correct regarding sending money using BHIM? (i) and a , (ii) , (iii)
a. Maximum of Rs. 10,000 per transaction
b. Maximum of Rs. 20,000 per day
c. Limit is available per app from a mobile
d. Limit is available per bank account linked on BHIM
6. Which is correct regarding collect request using BHIM?
a. Maximum of Rs. 10,000 per transaction
b. Maximum of Rs. 20,000 per transaction
c. Maximum of Rs. 10,000 per day
d. Maximum of Rs. 20,000 per day
7. A failed transaction amount should normally be reversed to you in ......
a. T+1 days
b. T+2 days
c. T+3 days
d. T+4 days
Answers :
1-a, 2-c, 3-d, 4-d, 5-c, 6-a, 7-c
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