Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.71)

71. 

Which of the following payments has been allowed through the Bharat Bill Payment System(BBPS) by Reserve Bank of India?

[A]. Single time Payments
[B]. Fixed Payments
[C]. Recurring Payments
[D]. Multiple Payments

Answer: Option C

Explanation:

The Reserve Bank of India(RBI) has extended the use of the Bharat Bill Payment System(BBPS) for all recurring(repetitive) payments such as school fees, insurance premiums and municipal taxes, Equated Monthly Installments (EMI) on a voluntary basis except for prepaid recharges to extend the scope and coverage of BBPS.

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