Which of the following is not true about Bharat Interface for...

Home / Commerce / Banking And Financial Institutions / Question

Examveda

Which of the following is not true about Bharat Interface for Money (BHIM) app?

A. BHIM is a digital payments solution app, for easy and quick transactions, based on the Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI)

B. Money can also be sent to non-UPI supported banks using IFSC code and account number

C. BHIM allows daily transaction limit of Rs. 20,000

D. Through BHIM app, a maximum of Rs. 5,000 is allowed per transaction

Answer: Option D

This Question Belongs to Commerce >> Banking And Financial Institutions

Join The Discussion

Related Questions on Banking and Financial Institutions

Identify the correct combination of statements with regard to banking in India.
1. For many years the presidency banks had acted as quasi-central banks.
2. The Bank of Hindustan was liquidated during 1829-32.
3. General Bank of India was an unsuccessful bank and was dissolved in 1791.
4. Bank of Calcutta was renamed as Bank of Bengal in 1921.

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 2 and 4

D. 1, 2, 3 and 4

View Answer

The coverage of Right to Information Act (RTI), 2005 is:

A. Whole of India

B. Whole of India, except North Eastern States

C. Whole of India, except the State of Jammu & Kashmir

D. None of the above

View Answer

One of the items is not related with e-banking.

A. Demand draft

B. SPNS

C. ECS

D. ATM

View Answer

Second generation reforms in our country do not comprise of which one of the following?

A. Exploiting the knowledge based global economy

B. Growing Indian transnational corporations

C. Population control measures

D. Clean environment

View Answer

More Related Questions on Banking and Financial Institutions