Digital Payments Quiz
Practice quiz on Digital Payments (General Awareness). 10 exam-style questions with explanations.
About This Quiz
Digital Payments Quiz — Questions with Solutions
All 10 questions from this quiz with the correct answer and explanation. Attempt them yourself first, then open each solution to check your reasoning.
Q1.UPI stands for
- A.Unique Payment ID
- B.United Payment Interface
- C.Unified Payments Interface
- D.Universal Payment Index
Show answer
Answer: C. Unified Payments Interface
UPI.
Q2.The organisation that operates UPI is
- A.NPCI
- B.SBI
- C.RBI
- D.SEBI
Show answer
Answer: A. NPCI
NPCI.
Q3.BHIM stands for
- A.Bank Hand In Money
- B.Bharat Interface for Money
- C.Bharat Home Indian Money
- D.Bhartiya Index Money
Show answer
Answer: B. Bharat Interface for Money
BHIM.
Q4.Which is a mobile wallet in India?
- A.Fixed deposit
- B.Demat
- C.Debenture
- D.Paytm Wallet
Show answer
Answer: D. Paytm Wallet
Paytm Wallet.
Q5.QR code payments in UPI work through
- A.Faxing
- B.Scanning a code
- C.Typing PAN
- D.Posting a cheque
Show answer
Answer: B. Scanning a code
Scan to pay.
Q6.Which card was launched by NPCI as India's domestic card network?
- A.RuPay
- B.Amex
- C.Visa
- D.Mastercard
Show answer
Answer: A. RuPay
RuPay.
Q7.Demonetisation in India was announced in
- A.2018
- B.2014
- C.2008
- D.November 2016
Show answer
Answer: D. November 2016
8 November 2016.
Q8.The e-RUPI voucher is
- A.A tax
- B.A loan
- C.A prepaid digital voucher
- D.A stock
Show answer
Answer: C. A prepaid digital voucher
Prepaid voucher via UPI.
Q9.The digital rupee (e-rupee) is issued by
- A.SBI
- B.NPCI
- C.RBI
- D.Finance Ministry
Show answer
Answer: C. RBI
RBI's CBDC.
Q10.NFC payments need
- A.Cheques
- B.Postal mail
- C.Passbooks
- D.Devices to be close to each other
Show answer
Answer: D. Devices to be close to each other
Near Field Communication.
Frequently Asked Questions
Is Digital Payments Quiz free to attempt on AajExam?
Yes. Digital Payments Quiz is completely free. You only need a free AajExam account to track your score, view detailed solutions and unlock cross-attempt analytics.
How long does it take to complete Digital Payments Quiz?
Digital Payments Quiz runs on a 10-minute timer in real exam-style conditions. The clock starts the moment you click Start, mirroring the time pressure of the actual exam.
Are detailed solutions provided?
Yes. Every question on Digital Payments Quiz ships with a complete step-by-step solution, the underlying concept, and (where applicable) shortcut tricks. You can also discuss any question with the AajExam community.
Can I attempt Digital Payments Quiz multiple times?
Yes. You can attempt this quiz as many times as you like. Each attempt is recorded separately so you can track improvement in score, accuracy and time-management.
Which government exams does this quiz prepare me for?
Digital Banking & Payments questions appear regularly in SSC CGL, CHSL, MTS, GD; IBPS PO, Clerk; SBI PO, Clerk; RRB NTPC, Group D; UPSC prelims and most State PSC exams. The specific weightage varies by exam — check the exam pattern on the corresponding AajExam exam page for details.