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JAIIB · Principles & Practices of Banking · Module C — Banking Technology

JAIIB PPB Unit 50 — Technology Trends — e-RUPI, Fintech, RegTech, SupTech: 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 50 — Technology Trends — e-RUPI, Fintech, RegTech, SupTech (Module C — Banking Technology). The Mock Centre holds 32 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 C32 MCQs in the Mock Centre5 free belowPaper on 22 November 2026

Key facts examiners test from this unit

  1. e-RUPI: launched 2-8-2021 by NPCI (UPI rails); P2P + B2C only (no B2B); ₹10,000/voucher; ≤10 vouchers per beneficiary per programme.
  2. e-RUPI needs NO bank account/app/card — SMS/QR on any phone; one-time, purpose-specific; sponsor = corporate/state/union government.
  3. e-RUPI (voucher) vs UPI (platform) vs e-Rupee/CBDC (currency, RBI 1-12-2022) — the three-way confusable.

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
Which is TRUE of e-RUPI?
Why (a): TRUE of e-RUPI: THE BENEFICIARY NEEDS NO BANK ACCOUNT — account-less, contactless, purpose-locked; works on feature phones too.
Question 2 of 5
Fintech products benefit banks through:
Why (d): Fintech products benefit banks through ALL OF THE ABOVE — reduced time to market, better customer service and revenue, and reduced costs.
Question 3 of 5
In hashtag banking, the hashtag (#) serves to:
Why (a): In hashtag banking, the hashtag IDENTIFIES TOPIC-SPECIFIC MESSAGES — tagged commands over social media.
Question 4 of 5
An Account Aggregator can share data only with:
Why (a): An Account Aggregator can share data ONLY WITH THE INDIVIDUAL'S EXPLICIT CONSENT — the consent architecture is the AA's soul.
Question 5 of 5
In open banking, API stands for:
Why (a): In open banking, API stands for APPLICATION PROGRAMMING INTERFACE — the data-sharing plumbing between banks and third parties.
0 of 5 answered.

Traps in this unit

Confusable AConfusable BThe difference
e-RUPIe-Rupee (CBDC)NPCI voucher (2-8-2021) vs RBI digital currency (1-12-2022)
e-RUPIUPIOne-time voucher vs payment platform
Practise all 32 questions on Unit 50. 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.