Infosys Certified Payments Professional
Practice with real exam-pattern questions for Infosys Certified Payments Professional. Each question includes a detailed explanation to help you understand the concept, not just memorise the answer. Try 10 questions free — no login required.
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Join Premium10 Infosys Certified Payments Professional practice questions with answers
Real Lex exam-pattern multiple-choice questions for the Infosys Certified Payments Professional certification. Each question includes the correct answer. The full question bank is available to Premium members.
- Question 1
A Bill of Exchange drawn on a specific banker payable on demand is
- ✓ Cheque Correct
- B Negotiable Instrument
- C Bill of Exchange
- D All of the above choices
- Question 2
CHAPS is
- ✓ A RTGS System Correct
- B An electronic bank to bank system of US
- C An electronic bank to bank system of UK
- D A batch processing system
- Question 3
Remittance of Income Tax by a corporate is an example of _______transaction
- ✓ G2B Correct
- B C2G
- C B2G
- D G2G
- Question 4
A check is a
- ✓ Negotiable Instrument Correct
- B Non Negotiable Instrument
- C Bill of Exchange drawn on a specific bank
- D Quasi negotiable Instrument
- Question 5
Paypal is an example of
- ✓ Person to Person (P2P) Payment system Correct
- B Peer to Peer (P2P) Payment Systems
- C B2B Payment system
- D C2B Payment system
- Question 6
Which of the following is not a payment system of USA?
- ✓ CHIPS Correct
- B Fedwire Services
- C BACS
- D Check 21
- Question 7
Money can be held in which of the forms
- ✓ Currency Notes Correct
- B Debit Cards
- C Mobile Wallets
- D All of the choices
- Question 8
Which of the following is not a commodity money?
- ✓ Gold Correct
- B Animal Hides
- C Leather
- D Cowry Shells
- Question 9
In 1913 The Federal Reserve issued the gold certificate in which denomination?
- ✓ $50 Correct
- B $5
- C $10
- D $100
- Question 10
Check 21 is a
- ✓ Federal Law Correct
- B Process of handling the physical checks
- C ACH guideline
- D All of the above choices
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