26. BBPS provides a standardized and interoperable bill payment system across various geographies.
a) True
b) False
27. Which of the following is NOT a requirement to become a BBPOU (Bharat Bill Payment Operating Unit)?
a) The entity should be authorized by the biller to collect payments
b) The entity should have a valid bank account
c) The entity should have an existing physical branch network
d) The entity should have the necessary IT infrastructure and systems
28. BBPS transactions are processed in real-time, ensuring instant updating of bill payment status.
a) True
b) False
29. Which of the following entities can avail the BBPS system for their bill payment needs?
a) Individuals
b) Corporates and businesses
c) Educational institutions
d) All of the above
30. What is the role of BBPOUs (Bharat Bill Payment Operating Units) in the BBPS ecosystem?
a) They act as intermediaries between customers and billers
b) They handle the technical integration of billers with the BBPS system
c) They provide customer support and grievance redressal services
d) All of the above
