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1. Consider the following statements with respect to UPI.

  1. The user will only have to use a virtual address, known as a Virtual Payment Address (VPA) to carry out any transaction through UPI.
  2. UPI has been developed by the National Payments Corporation of India (NPCI) and is regulated by the Reserve Bank of India (RBI).

Choose the correct answer.

 
 
 
 

2. Consider the following statements with respect to NPCI.

  1. National Payments Corporation of India (NPCI)was developed by the Indian Banks’ Association (IBA) and the Reserve Bank of India (RBI).
  2. It is an effort to create a robust Payment & Settlement Infrastructure in India under the provisions of the Payment and Settlement Systems Act, 2007.
  3. It has been incorporated as a “Not for Profit” Company under the provisions of Section 25 of Companies Act 1956.

How many statements are correct?

 
 
 
 

3. Which of the following are initiatives of NPCI?

  1. IMPS
  2. Bharat Bill Payment System
  3. Rupay
  4. BHIM

How many pairs are correct?

 
 
 
 

4. Consider the following statements regarding Green bonds.

  1. Green bonds are bonds issued by any sovereign entity, inter-governmental groups or alliances and corporates with the aim that the proceeds of the bonds are utilised for projects classified as environmentally sustainable.
  2. The international green bond market has seen cumulative issuance worth more than USD 1 trillion since market inception in 2007.

Choose the correct answer.

 
 
 
 

5. Consider the following statements regarding Land subsidence.

  1. Subsidenceis a general term for downward vertical movement of the Earth’s surface, which can be caused by both natural processes and human activities.
  2. Subsidence involves little or no horizontal movement.

Choose the correct answer.

 
 
 
 

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