41. BBPS offers a standardized and secure way of handling bill payment data and transactions.
a) True
b) False
Answer: a) True
42. BBPS has a grievance redressal mechanism in place to handle complaints and disputes raised by customers.
a) True
b) False
Answer: a) True
43. Which of the following is NOT a participant in the BBPS ecosystem?
a) Billers
b) Clearing Corporations
c) Payment aggregators
Related Topics
d) Agents and merchants
Answer: b) Clearing Corporations
44. BBPS allows customers to view and pay multiple bills in a single transaction.
a) True
b) False
Answer: a) True
45. Which of the following entities is responsible for onboarding billers onto the BBPS platform?
a) NPCI (National Payments Corporation of India)
b) RBI (Reserve Bank of India)
c) Bill collection agents
d) Customers
Answer: a) NPCI (National Payments Corporation of India)
