Bharat Bill Payment System (BBPS)

1.

Which of these committees is related to BBPS?

Y Malegam committee

Rangarajan committee

G .Padmanabhan committee

Narsimaham committee

2.

Under which act the banks, which are desirous of operating as BBPOUs, need to get the approval?

Banking & Regulation Act 1949

RBI Act 1934

Payments & settlement System Act ,2007

None of the above

3.

Which organisation will authorise the Bharat Bill Payment Operating Units in the BBPS?

Finance Ministry

RBI

SEBI

NOCI

4.

What are the advantages of BBPS?

Multiple Payment Modes

Payment of bill anywhere and anytime

Timely & guaranteed settlements between parties

All of the above

5.

Who can become an authorised BBPOU under BBPS?

Banks

Non-Bank entities

Both Banks and Non-Bank entities

None of the above