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Retail Banking Case Study on QR code- CAIIB

Retail Banking


Bharat QR - A QR code consists of black squares arranged in a square grid on a white background, which can be read by an imaging device such as a camera.
QR contains information about the item to which it is attached.

Answer the following questions regarding Bharat QR.


1. Bharat QR is ...... Mobile payment solution


a. P2P (Person to Person)
b. P2M (Person to Merchant)
c. M2P (Merchant to Person)
d. M2M (Merchant to Merchant)


2. Bharat QR is mutually derived among ...... payment networks. (i) NPCI, (ii) Visa, (iii) Mastercard


a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)


3. What are the charges for using Bharat QR?


a. No additional charges for making transaction through Bharat QR
b. Depends on the Bank
c. Depends on the App
d. Depends upon the transaction amount


4. Can multiple bank cards be linked on same App?


a. No. Multiple cards can't be linked in a single app
b. Yes. Multiple cards of multiple banks can be linked in a single app
c. Yes. Multiple cards of the same bank can be linked in a single app
d. None of the above


5. First factor of 2FA for Bharat QR is MPIN for the mobile application login. Second factor is taken as ...... (i) MPIN, (ii) OTP, (iii) ATM pin


a. Only (i) or (ii)
b. Only (i) or (iii)
c. Only (ii) or (iii)
d. (i) or (ii) or (iii)


6. What is the Daily transaction limit?


a. Rs. 10000
b. Rs. 20000
c. Rs. 50000
d. Set at Bank’s end


7. How many Bharat QR transactions can be done in a day?


a. 25
b. There is no limit on number of transactions
c. There is no limit on number of transactions but subject to daily transaction amount limits on your Debit/Credit Cards
d. Set at Bank's end


Answers :


1-b, 2-d, 3-a, 4-c, 5-d, 6-d, 7-c


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