Payments Quiz – Basics 1

Payments Quiz – Basic 1

Here is a short quiz to test your payments knowledge.

There are a total of 15 questions and you have 15 mins to answer the same. Please share the result on LinkedIn and encourage others to take the quiz.

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You will have 15 mins to complete the quiz

You will have 15 mins to complete the quiz

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Payments Basics

Just test your knowledge on the basics of payments

Enter you Details

1 / 15

1.

Which of the following will be the buy rate from a bank's perspective for INR/USD currency pair?

2 / 15

2.

If the sender and receiver neither have a correspondent relationship (RMA) nor an accounting relationship then which method is used to send payment?

3 / 15

3.

Which message is used by a Financial institutionS to transfer funds between its account with 2 different banks? *

4 / 15

4.

What are the advantages of using ISO20022?

5 / 15

5.

Which of the following is used for sending confirmation of credit?

6 / 15

6.

Which of the following is a clearing house?

7 / 15

7.

What is the MX equivalent of an MT202 message?

8 / 15

8.

Which message is used for sending a negative response to a recall in SCT?

9 / 15

9.

Is IBAN mandatory for SEPA payments?

10 / 15

10.

Which of the following is responsible for publishing the SEPA rulebook?

11 / 15

11.

If Bank "A" opens an account with bank "B" then how is the account referred from bank B's perspective?

12 / 15

12.

Which tag is not present in a MT103 Remit?

13 / 15

13.

Which PMI is used to settle funds in SEPA region ?

14 / 15

14.

Which of the below is not a SWIFT MT block?

15 / 15

15. What are the Fields that help us in identifying an MT103 Announcement?

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Blog Comments
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Mohammed Nafis

November 27, 2021 at 5:23 pm

Good

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Sadhana

November 30, 2021 at 7:59 pm

Thank you

Reply

Vaibhav

November 29, 2021 at 3:28 am

Nice. Need to learn alot for Euro payments system. Thanks for this Santosh.

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