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)
