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Important Codes and Numbers

1.

________ is only a transfer mechanism, which transfers money between different bank accounts and does not hold Money.

Answer: D

BHIM is only a transfer mechanism, which transfers money between different bank accounts and does not hold Money

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Answer: C

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3.

There is _______ for transaction from Rs.1 to Rs.1 Lakh

Answer: D

There is no charge for transaction from Rs.1 to Rs.1 Lakh

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Answer: A

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5.

What is the default time to approve a collect request by a payer in UPI?

Answer: C

The default time is 30 min.

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