JAIIB Exam 2025 – RBWM Important Questions MCQs Quiz-10

03/03/2025

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JAIIB Exam 2025 RBWM Important Questions MCQs Quiz-10

JAIIB Exam Quiz 2025: The JAIIB exam is scheduled for 2025 by IIBF. Here, we are providing JAIIB RBWM MCQ-based quizzes on a regular basis. You can attempt the quizzes regularly to prepare for the upcoming JAIIB exam. The quizzes will be provided module-wise and unit-wise. You can attempt the JAIIB PPB quizzes from the links below and improve your preparation by practicing regularly. These quizzes will help you boost your score in the JAIIB exam and guide you to clear the exam on your first attempt.

1. The characteristics of Debit Cards are
(i) Payments for purchases are directly debited into the account.
(ii) Cash Withdrawals through ATMs are debited to the account immediately.
(iii) Payments made for purchases/usage will be debited subsequently after a certain period.
(a) (i) only
(b) (ii) & (iii) only
(c) (i) & (ii) only
(d) (i), (ii) & (iii) above

2. Payment Default Risk (chances of failure to pay the card dues) is embedded in
(a) Debit Cards
(b) Credit Cards
(c) Both a and b
(d) Only b

3. Bharat QR is developed by NPCI in collaboration with ________.
(a) Master card
(b) Visa
(c) Amex
(d) Both Master card and Visa

4. The features available, generally, in all types of cards are
(i) Facility for payment of purchases.
(ii) Facility to withdraw cash from ATMs upto a fixed limit.
(iii) Reward Points for usage of cards.
(iv) Cash Back offers upto a certain limit for purchases made.
(a) (i) & (iv) only
(b) (ii), (iii) & (iv) only
(c) (i), (ii) & (iii) only
(d) (i), (ii), (iii) & (iv) above

5. The limit for contactless payments in India is _______ per transaction without entering PIN.
a) ₹2,000
b) ₹5,000
c) ₹10,000
d) ₹15,000

6. PPI issuers shall enable the facility of cross-border outward transactions only on explicit request of the PPI holders and shall apply a per transaction limit not exceeding _____,while per month limit shall not exceed ______ for such cross-border transactions.
a) ₹5,000/-, ₹10,000/-
b) ₹10,000/-, ₹50,000/-
c) ₹25,000/-, ₹1,00,000/-
d) ₹20,000/-, ₹50,000/-

7. _______ PPIs are used for purchase of goods and services at a group of clearly identified merchant locations/ establishments which have a specific contract with the issuer.
a) Open System PPI
b) Semi-open System PPI
c) Semi-closed System PPI
d) Closed System PPI

8. _____ cards require you to pay off your balance in full each month, while _____ cards allow you to carry a balance.
a) charge cards , credit cards
b) credit cards , charge cards
c) debit cards , credit cards
d) debit cards , charge cards

9. Features of Bharat QR code transactions include ______
a) Low-cost infrastructure
b) Remote management of merchant and customers
c) Instant payment notification to merchant and consumer
d) All of the above

10. ______ is an umbrella organisation for operating retail payments and settlement systems in India.
a) RBI
b) SEBI
c) NPCI
d) NACH