RBI Assistant / General Awareness

RBI Assistant Payment Systems practice questions

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Payment Systems questions with answers

Question 1 / Payment Systems

Which option matches this RBI Assistant Mains General Awareness clue: the large-value payment system with real-time gross settlement in RBI books?

A. Rs. 2 lakh
B. March 2004
C. National Electronic Funds Transfer
D. Real Time Gross Settlement

Correct answer

D. Real Time Gross Settlement

Why

Real Time Gross Settlement is the correct match because it refers to large-value real-time payment system.

Question 2 / Payment Systems

Which option matches this RBI Assistant Mains General Awareness clue: the floor value mentioned in RBI FAQs for RTGS transactions?

A. National Electronic Funds Transfer
B. November 2005
C. Rs. 2 lakh
D. March 2004

Correct answer

C. Rs. 2 lakh

Why

Rs. 2 lakh is the correct match because it refers to RTGS floor value.

Question 3 / Payment Systems

Which option matches this RBI Assistant Mains General Awareness clue: the month and year in which RTGS was introduced according to RBI FAQs?

A. Immediate Payment Service
B. March 2004
C. National Electronic Funds Transfer
D. November 2005

Correct answer

B. March 2004

Why

March 2004 is the correct match because it refers to RTGS introduction timing.

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