India post payment bank multiple choice questions

1. Which among the following is a service of IPPB by which any customer with a bank account linked to Aadhaar can perform basic banking services such as cash deposit/ withdrawals?
(A)Aadhaar Enabled Payment System (AEPS)
(B)UPI Enabled Payment System (UEPS)
(C)You Only Need One (YONO)
(D)Jeevan Pramaan
Ans: (A)Aadhaar Enabled Payment System (AEPS)

2. India Post Payments Bank (IPPB) was launched as a pilot project on?
(A)30 January 2017
(B)1 September 2018
(C)20 January 2017
(D)1 January 2016
Ans: (A)30 January 2017

3. What is the tagline of India Post Payments Bank (IPPB)?
(A)Ek Parivaar, Ek Bank
(B)Badhti Ka Naam Zindagi
(C)Aapka Bank, Aapke Dwaar
(D)Bade Desh Ka Bada Bank
Ans: (C)Aapka Bank, Aapke Dwaar

4. Corporate Office of IPPB is located at?
(A)Bengaluru
(B)Chennai
(C)Mumbai
(D)New Delhi
Ans: (D)New Delhi

5. What is the full form of UPI in terms of banking under IPPB?
(A)Unified Payments Interface
(B)Unique Payment Identification
(C)Unified Payments Indentification
(D)Unknown Payment Identifier
Ans: (A)Unified Payments Interface

6. Which among the following is/are the benefits of using QR Card provided by IPPB?
(A)Provides a unique, secure and convenient way to access bank account without the hassle of remembering account number
(B)The customer does not need to remember any PIN/password as transactions can be initiated by using OTP
(C)It can be used to do cash transactions, money transfer, bill payments, or cashless shopping
(D)All the above
Ans: (D)All the above

7. Who among the following is the current (October 2021) MD & CEO of IPPB?
(A)J Venkatramu
(B)Mervin Alexander
(C)Vineet Pandey
(D)K.Sandhya Rani
Ans: (A)J Venkatramu

8. Who among the following is the current (October 2021) Director and Chairman of IPPB?
(A)J Venkatramu
(B)Mervin Alexander
(C)Vineet Pandey
(D)K. Sandhya Rani
Ans: (C)Vineet Pandey

9. When was the final license granted to IPPB by the RBI?
(A)17 August 2016
(B)1 September 2018
(C)20 January 2017
(D)2 October 2013
Ans: (C)20 January 2017

10. When was India Post Payment Bank Limited incorporated as a company?
(A)17 August 2016
(B)1 September 2018
(C)1 January 2016
(D)2 October 2013
Ans: (A)17 August 2016

11. Which among the following is a unique, secure and convenient way to access bank account without the hassle of remembering account number provided by IPPB?
(A)ATM Card
(B)UPI Card
(C)QR Card
(D)AEPS
Ans: (C)QR Card

12. What is the motto of India Post Payments Bank (IPPB)?
(A)Every customer is important, every transaction is significant and every deposit is valuable, no matter the value
(B)Relationship beyond banking
(C)Taking Banking Technology to the Common Man
(D)Where Every Individual is Committed
Ans: (A)Every customer is important, every transaction is significant and every deposit is valuable, no matter the value

13. IPPB was launched by the Prime Minister Shri Narendra Modi on?
(A)17 August 2016
(B)1 September 2018
(C)20 January 2017
(D)2 October 2013
Ans: (B)1 September 2018

14. As of October 2021, IPPB has how many Branches/Controlling offices?
(A)1,36,078
(B)22,251
(C)650
(D)940
Ans: (C)650

15. Two Pilot Branches of India Post Payments Bank (IPPB) were launched on 30 January 2017 at?
(A)Ranchi (Jharkhand) and Raipur (Chhattisgarh)
(B)Jaipur (Rajasthan) and Varanasi (UP)
(C)Panaji (Goa) and Portblair (Andaman)
(D)Kochi (Kerala) and Bengaluru (Karnataka)
Ans: (A)Ranchi (Jharkhand) and Raipur (Chhattisgarh)