CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the full form of BBPS?
A
Bill Bharat Pay System
B
Bharat Bill Pay System
C
Bill Bharat Payment System
D
Bharat Bill Payment System
Explanation: 

Detailed explanation-1: -Bharat Bill Payment System (BBPS) is a RBI mandated system which offers integrated and interoperable bill payment services to customers across geographies with certainty, reliability and safety of transactions.

Detailed explanation-2: -Bharat Bill Payment System (BPPS), at anytime anywhere bill payment system.

Detailed explanation-3: -Bharat Bill Payment Operating Unit aka BBPOU is the entity that is authorized by Reserve Bank of India.

Detailed explanation-4: -Bharat Bill Payment System (BBPS) is a Reserve Bank of India (RBI) conceptualised system which offers integrated, accessible and interoperable bill payment services to consumers across geographies with certainty, reliability and safety of transactions.

Detailed explanation-5: -2.25 (Both Digital and Physical mode) for Electricity & Gas, Rs. 2.5 (Digital)/ Rs. 5 (Physical) for Water & Telecom).

There is 1 question to complete.