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JAIIB PPB Unit 46 — Digital Payment Systems — NPCI: Free MCQs with Explanations

By Swarnakshi Jha (ex-banker) · Updated 20 September 2026 · Paper 2 of the November 2026 cycle (22 November 2026)

This page is a free slice of our JAIIB PPB question bank for Unit 46 — Digital Payment Systems — NPCI (Module C — Banking Technology). The Mock Centre holds 67 questions on this unit alone, every one with a why-right / why-wrong explanation; below are the facts examiners keep returning to, five of those questions to try, and the traps that cost marks.

PPB · Module C67 MCQs in the Mock Centre5 free belowPaper on 22 November 2026

Key facts examiners test from this unit

  1. NPCI: incorporated Dec 2008, RBI + IBA promoted, not-for-profit, 10 core promoter banks (Axis NOT among them; Citibank/HSBC are).
  2. NFS: built by IDRBT, taken over by NPCI 14-12-2009 — India's largest shared ATM network; IMPS runs on NFS infrastructure.
  3. NACH = high-volume electronic clearing (replaced ECS); APB(S) within NACH routes DBT to Aadhaar-seeded accounts.

5 free practice questions — tap an option

Five basic questions from this unit. Answers lock on the first tap, exactly as in the exam, and a short explanation opens underneath. The Mock Centre adds the moderate and tough questions, why every other option is wrong, the concept capsule and the exam tip — with your score and revision dates tracked.

Question 1 of 5
NPCI is jointly promoted by:
Why (b): NPCI is jointly promoted by RBI AND THE IBA — the regulator and the banks' association.
Question 2 of 5
In UPI, the address replacing account number + IFSC is the:
Why (b): In UPI, the address replacing account number and IFSC is the VPA — the Virtual Payment Address that masks bank details.
Question 3 of 5
The name 'RuPay' derives from:
Why (a): The name 'RuPay' derives from RUPEE + PAYMENT — the coined name of India's own domestic card scheme.
Question 4 of 5
NETC FASTag uses which technology?
Why (b): The National Electronic Toll Collection programme rides passive RFID — the tag is the account pointer; plazas read and debit in motion.
Question 5 of 5
CTS (Cheque Truncation System) means:
Why (b): Truncation replaces cheque logistics with imaging (CTS-2010 standards for security features), enabling T+1 clearing nationwide under one grid.
0 of 5 answered.

Traps in this unit

Confusable AConfusable BThe difference
Dec 200814-12-2009NPCI incorporation vs NFS takeover
IDRBTNPCINFS builder vs NFS operator
Practise all 67 questions on Unit 46. The free demo opens a slice of every subject with the same explanations; the PPB Online-only pass unlocks all 3,280 PPB questions, the full and module mocks, Smart Revision and the Readiness Score for one year (₹1,299). Not sure where you stand? Take the free 10-question test first.
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Independent study aid — not affiliated with, endorsed by, or sponsored by the Indian Institute of Banking & Finance (IIBF). Exam pattern, dates, fees and passing criteria are set by IIBF — always confirm the current rules at iibf.org.in. Regulatory figures verified as of September 2026; verify from official sources before relying on them in practice.