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Module: General Practice

Q32: What is the Bharat Bill Payment System (BBPS)?

A
An RBI-mandated, reliable, secure, and integrated platform for bill payments across the country
B
A real-time gross settlement system for large-value corporate payments
C
A system using RFID technology for electronic toll collection at highway plazas
D
A bank-led model for financial inclusion transactions using Aadhaar authentication
✅ Correct Answer: A
The Bharat Bill Payment System (BBPS) is an RBI-mandated system.
It serves as a reliable, secure, and integrated platform that allows customers to make various bill payments across the country through a single interface.
Its definition is standard in the RBI's Payment Systems Report - June 2025.
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