Banking AwarenessDigital Banking & Paymentsmixed

Digital Payments Quiz

Practice quiz on Digital Payments (General Knowledge). 10 exam-style questions with explanations.

10
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10
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About This Quiz

Practice quiz on Digital Payments (General Knowledge). 10 exam-style questions with explanations. Digital Payments Quiz is a free, 10-minute, 10-mark practice quiz on AajExam rated at mixed difficulty, designed to help candidates preparing for SSC, UPSC, Banking, Railway and State PSC government competitive exams sharpen their command of Digital Banking & Payments (Banking Awareness). Every question on this quiz ships with a detailed step-by-step solution so you don't just learn the right answer — you learn the reasoning and shortcuts top scorers use to crack similar questions faster on the actual exam day. Why Digital Payments Quiz matters in your preparation: government exam-conducting bodies repeatedly draw questions from the same chapters and the same skill-clusters across recruitment cycles. By attempting focused topic-wise quizzes like this one, you build pattern recognition — the ability to spot which formula, rule or trick applies the moment you see a question. Toppers consistently report that 5-10 quizzes on a single topic delivers more exam-day score gain than 20+ unfocused full-length mocks, because targeted drilling exposes your specific sub-topic weaknesses with surgical precision. How to use this quiz effectively: attempt it in one sitting under the 10-minute timer, without referring to notes or external resources — simulate exam-day conditions exactly. After submission, review the auto-generated analytics to see your accuracy, time per question and section-wise performance. Then go through every wrong and skipped question with the explanation, mentally tagging the underlying concept rather than just memorising the answer. Revisit this quiz after 7-10 days; your second attempt should be 15-20% faster with noticeably better accuracy. After mastering this quiz, explore the 6 related quizzes linked below to broaden your topic coverage. AajExam quiz design principles: every quiz on the platform is curated by subject experts using the actual question formats, difficulty distributions and time pressures of the target government exams. We deliberately avoid generic "textbook" questions in favour of exam-replicating ones. Solutions are written in plain English (and Hindi where source material was bilingual), with step-by-step working for quantitative problems, grammar rules for English questions, and direct reference statements for general awareness items. Performance analytics after each attempt include accuracy, attempt rate, time spent per question, and an estimated all-India percentile so you know exactly where you stand against other candidates. This quiz is completely free to attempt. You only need a free AajExam account to track your performance across attempts, view detailed solutions and unlock the platform-wide analytics dashboard. The platform is mobile-friendly and works seamlessly on smartphones, tablets and desktops — so you can sharpen your Digital Banking & Payments (Banking Awareness) skills in any spare 15-minute window.
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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.

  1. Q1.UPI stands for

    • A.United Payment Interface
    • B.Unique Payment ID
    • C.Universal Payment Index
    • D.Unified Payments Interface
    Show answer

    Answer: D. Unified Payments Interface

    UPI.

  2. Q2.The organisation that operates UPI is

    • A.SEBI
    • B.RBI
    • C.NPCI
    • D.SBI
    Show answer

    Answer: C. NPCI

    NPCI.

  3. Q3.BHIM stands for

    • A.Bharat Home Indian Money
    • B.Bank Hand In Money
    • C.Bharat Interface for Money
    • D.Bhartiya Index Money
    Show answer

    Answer: C. Bharat Interface for Money

    BHIM.

  4. Q4.Which is a mobile wallet in India?

    • A.Demat
    • B.Paytm Wallet
    • C.Debenture
    • D.Fixed deposit
    Show answer

    Answer: B. Paytm Wallet

    Paytm Wallet.

  5. Q5.QR code payments in UPI work through

    • A.Posting a cheque
    • B.Faxing
    • C.Typing PAN
    • D.Scanning a code
    Show answer

    Answer: D. Scanning a code

    Scan to pay.

  6. Q6.Which card was launched by NPCI as India's domestic card network?

    • A.Mastercard
    • B.Visa
    • C.RuPay
    • D.Amex
    Show answer

    Answer: C. RuPay

    RuPay.

  7. Q7.Demonetisation in India was announced in

    • A.2014
    • B.November 2016
    • C.2008
    • D.2018
    Show answer

    Answer: B. November 2016

    8 November 2016.

  8. Q8.The e-RUPI voucher is

    • A.A prepaid digital voucher
    • B.A tax
    • C.A loan
    • D.A stock
    Show answer

    Answer: A. A prepaid digital voucher

    Prepaid voucher via UPI.

  9. 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.

  10. Q10.NFC payments need

    • A.Devices to be close to each other
    • B.Postal mail
    • C.Passbooks
    • D.Cheques
    Show answer

    Answer: A. 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.

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