RBI’s Payment Systems Report – June 2025 is the definitive source for current trends in the Indian financial landscape. In this comprehensive guide, we cover the 73 most critical questions derived directly from the official report. This resource is specifically designed for aspirants of RBI Grade B, SBI PO, IBPS PO, and RBI Assistant exams to help you secure maximum marks in the General Awareness and Finance sections.
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Q51The RTGS system uses the Structured Financial Messaging System (SFMS) over which secure network for transferring messages?Q52What is a primary benefit of the ISO 20022 messaging standard used in financial systems?Q53On what date did the Real Time Gross Settlement (RTGS) system become available on a $24\times7\times365$ basis?Q54In CY 2024, what percentage of the total volume of RTGS transactions was conducted outside regular business hours (18:00 to 08:00)?Q55What is the "positive confirmation" feature in the Real Time Gross Settlement (RTGS) system?Q56What is the "Gridlock Resolution Mechanism" in the Real Time Gross Settlement (RTGS) system?Q57Approximately what percentage of all digital transactions in India, by value, does the Real Time Gross Settlement (RTGS) system settle?Q58What is the focus of Project Hertha, an initiative by the BIS Innovation Hub?Q59What does Project Mandala, an initiative by the BIS Innovation Hub, assess?Q60What is Project Nexus, an international initiative joined by India?Q61Which country was the top recipient of global foreign remittances in 2024, with a record inflow of $137.7 billion?Q62Which country consistently leads global remittance outflows, sending $98.4 billion in 2024?Q63What is the target set by the UN Sustainable Development Goals (SDG) and the G20 for the global average remittance cost to be reached by 2030?Q642024, which region of the world was the most expensive to send a $200 remittance to, with an average cost of 8.45%?Q652024, which region of the world offered the lowest remittance transaction costs, with an average of 5.01% for sending $200?Q662024, with a rate of 2.10%?Q67When was the Real Time Gross Settlement (RTGS) system, India's large-value payment system, launched?Q68Which payment system is described as being designed for bulk and repetitive payments, such as salary disbursements, pension payments, utility bill payments, and loan EMIs?Q69Which payment system, introduced by NPCI, offers 24x7 instant fund transfer through multiple channels including mobile banking, internet banking, and ATMs?Q70In which year was the Unified Payments Interface (UPI) launched?Q71What is the maximum value allowed for a Gift Prepaid Payment Instrument (PPI)?Q72What is the maximum value for a reloadable Prepaid Payment Instrument (PPI) issued by Mass Transit Systems (MTS) operators?Q73What is the primary purpose of the Trade Receivables Discounting System (TReDS)?
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Frequently Asked Questions
Why is the RBI’s Payment Systems Report – June 2025 important for exams?
It contains the latest data on UPI, RTGS, and NEFT, which are high-probability topics for the General Awareness section of RBI Grade B and SBI PO exams.
What is the most important finding in the RBI’s Payment Systems Report – June 2025?
The massive 52.5% CAGR in digital payment volumes and the dominance of UPI (85% volume share) are the most critical findings.
Does the report cover new regulatory bodies?
Yes, the RBI’s Payment Systems Report – June 2025 highlights the establishment of the Payments Regulatory Board (PRB) replacing the BPSS.
Are the statistics for H1 2025 or the full year?
The report primarily analyzes data for the first half (H1) of 2025 and the preceding decade ending 2024.
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