16. BHIM/UPI ensures instant and real-time money transfer. (True/False)
Answer: True
17. Which of the following information is not required to complete a UPI transaction?
a) Mobile number
b) Bank account number
c) Aadhaar card number
d) UPI ID
Answer: c) Aadhaar card number
18. Are BHIM/UPI transactions secure?
a) Yes, transactions are fully secure
b) No, transactions are not secure
c) Transactions are partially secure
d) Security depends on the user’s bank
Answer: a) Yes, transactions are fully secure
19. What is the maximum limit for transferring money using BHIM/UPI per day?
a) Rs. 10,000
b) Rs. 50,000
c) Rs. 1,00,000
d) No maximum limit
Answer: d) No maximum limit
20. Can BHIM/UPI be used for international transactions?
a) Yes
b) No
Answer: b) No
