Palmpay Limited Test Past Questions And Answers

Palmpay Limited Test Past Questions And Answers

Here are 20 questions about Palmpay Limited, along with multiple-choice options and the correct answers:

When was Palmpay Limited founded?

a) 2015

b) 2018

c) 2020

d) 2022

Correct answer: b) 2018

Which country is Palmpay Limited based in?

a) United States

b) China

c) Nigeria

d) Brazil

Correct answer: c) Nigeria

What is the primary product or service offered by Palmpay Limited?

a) Social media platform

b) E-commerce marketplace

c) Mobile payment app

d) Ride-sharing service

Correct answer: c) Mobile payment app

Which of the following payment methods does Palmpay Limited support?

a) Credit cards only

b) Bank transfers only

c) Mobile wallets only

d) Credit cards, bank transfers, and mobile wallets

Correct answer: d) Credit cards, bank transfers, and mobile wallets

What is the main advantage of using Palmpay Limited for mobile payments?

a) Instant cash withdrawals

b) Higher interest rates on savings

c) No transaction fees

d) Ability to send money internationally

Correct answer: c) No transaction fees

Which major telecom company partnered with Palmpay Limited to offer mobile financial services?

a) MTN

b) Verizon

c) Vodafone

d) AT&T

Correct answer: a) MTN

How many countries does Palmpay Limited currently operate in?

a) 1

b) 5

c) 10

d) 20

Correct answer: b) 5

Which feature of Palmpay Limited allows users to earn rewards and cashback?

a) Palmpay Rewards

b) Cashback Pro

c) Pay & Earn

d) Palmpoints

Correct answer: d) Palmpoints

What is the maximum daily transaction limit for Palmpay Limited users?

a) $1,000

b) $5,000

c) $10,000

d) No limit

Correct answer: c) $10,000

Which regulatory body oversees Palmpay Limited's operations?

a) Federal Trade Commission (FTC)

b) Financial Conduct Authority (FCA)

c) Central Bank of Nigeria (CBN)

d) Securities and Exchange Commission (SEC)

Correct answer: c) Central Bank of Nigeria (CBN)

Which of the following services is NOT offered by Palmpay Limited?

a) Airtime top-up

b) Bill payments

c) Cryptocurrency trading

d) Insurance services

Correct answer: c) Cryptocurrency trading

What is the maximum number of beneficiaries that can be added to a Palmpay Limited account?

a) 5

b) 10

c) 15

d) Unlimited

Correct answer: d) Unlimited

Which social media platform does Palmpay Limited integrate with for easy login and sharing?

a) Facebook

b) Instagram

c) Twitter

d) LinkedIn

Correct answer: a) Facebook

What security feature does Palmpay Limited use for account authentication?

a) Facial recognition

b) Fingerprint scanning

c) One-time passwords (OTPs)

d) Voice recognition

Correct answer: c) One-time passwords (OTPs)

Which of the following is a feature of Palmpay Limited's "Palmsave" service?

a) Mobile game subscriptions

b) Stock trading

c) Loan disbursement

d) High-yield savings

Correct answer: d) High-yield savings

What is the minimum age requirement to use Palmpay Limited's services?

a) 13 years old

b) 18 years old

c) 21 years old

d) No age restriction

Correct answer: b) 18 years old

Which major e-commerce platform does Palmpay Limited partner with for seamless online payments?

a) Amazon

b) Alibaba

c) eBay

d) Shopify

Correct answer: b) Alibaba

How can Palmpay Limited users add funds to their accounts?

a) Only through bank transfers

b) Only through credit cards

c) Only through cash deposits at partner agents

d) Through bank transfers, credit cards, and cash deposits at partner agents

Correct answer: d) Through bank transfers, credit cards, and cash deposits at partner agents

What is the maximum amount of money that can be stored in a Palmpay Limited account?

a) $1,000

b) $5,000

c) $10,000

d) No limit

Correct answer: d) No limit

Which of the following is NOT a feature of Palmpay Limited's customer support?

a) Live chat

b) Email support

c) 24/7 phone support

d) Knowledge base and FAQs

Correct answer: c) 24/7 phone support