02. UMSCT Module 01 Quiz

Quiz Summary

0 of 12 Questions completed

Questions:

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 12 Questions answered correctly

Your time:

You have reached 0 of 0 point(s), (0)

Current
Review
Answered
Correct
Incorrect

Question 1 of 12

1. Question
Which payment instruments and frameworks are within the scope of SEPA?
- A: SCT and SCT Inst
- B: Cheques
- C: SEPA Direct Debit Core and B2B
- D: Cards
Correct

Incorrect

Hint

Select all correct answers and click Check
Question 2 of 12

2. Question
Which statements are correct about the SEPA area?
- A: The SEPA area includes the European Union.
- B: The SEPA area is the same as the Euro area.
- C: United Kingdom is not part of the SEPA Area
- D: SEPA payments are considered as domestic payments in the whole SEPA area.
Correct

Incorrect

Hint

Select all correct answers and click Check
Question 3 of 12

3. Question
What are the optional SEPA Schemes?
- A: SEPA Credit Transfer
- B: SEPA Instant Credit Transfer
- C: SEPA Direct Debit Core
- D: SEPA Direct Debit B2B
Correct

Incorrect

Hint

Select all correct answers and click Check
Question 4 of 12

4. Question
What are the main SEPA Payments Initiatives?
- A: SEPA Cards Framework
- B: SEPA goes mobile
- C: SEPA for Crypto-currencies
- D: SEPA for Cash
Correct

Incorrect

Hint

Select all correct answers and click Check
Question 5 of 12

5. Question
What are the main goals of the Payment Services Directive?
- A: Harmonize legislation surrounding the provision of payment services within the EU.
- B: Encourage competition by allowing new players to enter the European Single Market.
- C: Ensure that prices of payments services are the same in all SEPA countries.
- D: Define the rights and obligations of payment services providers and payment service users.
Correct

Incorrect

Hint

Select all correct answers and click Check
Question 6 of 12

6. Question
The PSD 2 introduces the third party payment service providers (TPP). Which of the following belong to the TPP?
- A: Payment Initiation Service Providers
- B: Account Information Service Providers
- C: Payment Instrument Issuer Service Providers
- D: Payment Booking Service Providers
Correct

Incorrect

Hint

Select all correct answers and click Check
Question 7 of 12

7. Question
Which statements are correct about the European Payment Council?
- A: As part of the European Union institutional framework, the EPC has authority to issue SEPA rules.
- B: The EPC manages the four SEPA Payment schemes and the SEPA Payments initiatives.
- C: The EPC members are Payment Services Providers and large European Corporations.
- D: The EPC publishes the schemes documents and other clarification notes.
Correct

Incorrect

Hint

Select all correct answers and click Check
Question 8 of 12

8. Question
Which documents about SEPA are published by the European Payment Council?
- A: The Payment Services Directive
- B: The schemes rulebooks
- C: The schemes implementation guidelines
- D: Clarification papers on SEPA schemes
Correct

Incorrect

Hint

Select all correct answers and click Check
Question 9 of 12

9. Question
What is the main difference between a Bank PSP and a non-bank PSP?
- A: A bank PSP is regulated while a non-Bank PSP is not regulated.
- B: Non-bank PSPs provide payment services, but not credit and saving services like banks.
- C: In contrary to banks, a non-bank PSP needs a license in each EU country where it operates.
- D: In contrary to banks, a non-bank PSP must provide payment services as sole activity.
Correct

Incorrect

Hint

Select the best answer and click Check
Question 10 of 12

10. Question
All SEPA payments are based on the Four Corner Model. What is the Four Corner Model composed of?
- A: A PSP and Its PSU on one side, another PSP and Its PSU on another side.
- B: A PSP and Its PSU on one side, another PSP and Its PSU on another side, Both PSPs are interconnected through a USD clearing system.
- C: A PSP and Its PSU on one side, another PSP and Its PSU on another side, Both PSPs are interconnected through clearing and settlement systems in EUR.
- D: A PSP and Its PSU on one side, another PSP and Its PSU on another side, Both PSPs are interconnected through clearing and settlement systems in GBP.
Correct

Incorrect

Hint

Select the best answer and click Check
Question 11 of 12

11. Question
Each SEPA payment is either a push or a pull payment. Which of the following are pull payments?
- A: The SEPA Credit Transfer
- B: The SEPA Direct Debit Core
- C: The SEPA Direct Debit Business-to-Business
- D: The SEPA Instant Credit Transfer
Correct

Incorrect

Hint

Select all correct answers and click Check
Question 12 of 12

12. Question
Which of the following are the standards for the SEPA Account identifiers?
- A: ISO 3166 standard for Country codes.
- B: ISO 20022 for SEPA Messages.
- C: ISO standard 13616 for the IBAN.
- D: ISO standard 9362 for the BIC.
Correct

Incorrect

Hint

Select all correct answers and click Check

Master SEPA Credit Transfer payments

02. UMSCT Module 01 Quiz

Quiz Summary

Information

Results

Results

Categories

1. Question

Hint

2. Question

Hint

3. Question

Hint

4. Question

Hint

5. Question

Hint

6. Question

Hint

7. Question

Hint

8. Question

Hint

9. Question

Hint

10. Question

Hint

11. Question

Hint

12. Question

Hint

Contact

Learn more about us

Join our newsletter

Success!

Follow us