Banking General Awareness Banking Innovation in India Question Bank

done Banking Innovation in India Total Questions - 71

• question_answer1)
  There is no requirement for the beneficiary to have a bank account for
  A)
   card less cash facility done clear
  B)
   instant money transfer facility done clear
  C)
   Insurance facility done clear
  D)
   Immediate Payment Service done clear
  E)
   MMID done clear
  View Solution play_arrow

• question_answer2)
  For transacting at an ATM, the customer inserts (swipe) his card in the ATM and enters his
  A)
   Personal Identification Number done clear
  B)
   Mobile Number done clear
  C)
   Aadhaar Number done clear
  D)
   Account number done clear
  E)
   Cheque Number done clear
  View Solution play_arrow

• question_answer3)
  India's first 'talking' ATM was launched by
  A)
   ICICI Bank                   done clear
  B)
   United Bank of India done clear
  C)
   Citi Bank         done clear
  D)
   SBI done clear
  E)
   Union Bank of India done clear
  View Solution play_arrow

• question_answer4)
  First Bank to introduce ATM in India was
  A)
   HSBC              done clear
  B)
   SBI done clear
  C)
   CBI                              done clear
  D)
   PNB done clear
  E)
   UCO Bank done clear
  View Solution play_arrow

• question_answer5)
  A 'Debit Card' is issued by a bank to
  A)
   all customers of a bank done clear
  B)
   all customers having savings bank account with a bank done clear
  C)
   all customers having loan account with a bank done clear
  D)
   a bank customer who is income tax assesee done clear
  E)
   all corporate Salary account holder done clear
  View Solution play_arrow

• question_answer6)
  Machine, within or outside the bank premises that enables customers to conduct cash withdrawals and other specific banking transactions without the help of bank staff, is called
  A)
   Automated Teller Machine (ATM) done clear
  B)
   PC done clear
  C)
   internet done clear
  D)
   intranet done clear
  E)
   servers done clear
  View Solution play_arrow

• question_answer7)
  A card stores and provides identification, authentication, data storage and application processing applications
  A)
   Debit Card  done clear
  B)
   Smart Card done clear
  C)
   Credit Card                   done clear
  D)
   ATM Card done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer8)
  Which of the following is a leading electronic payment technology firm? (The logo of the firm can be seen printed on credit cards/ ATM centres etc.)
  A)
   Visa            done clear
  B)
   Max done clear
  C)
   BSE                 done clear
  D)
   Sensex done clear
  E)
   SWAP done clear
  View Solution play_arrow

• question_answer9)
  As we all know, more and more countries/organisations are now going for non-cash transactions and accordingly banks have launched many new products in the market for the same. Which of the following products is a non-cash transaction product?
  A)
   Only ATM Card             done clear
  B)
   Only Credit Card done clear
  C)
   Only Prepaid Card         done clear
  D)
   Only Debit Card done clear
  E)
   All are non-cash transaction products done clear
  View Solution play_arrow

• question_answer10)
  Which of the following banks has opened the country's first, 'Cash Factory' in Lucknow which will issue currency notes to all its branches and ATM in that area?
  A)
   Bank of India                done clear
  B)
   Bank of Baroda done clear
  C)
   State Bank of India        done clear
  D)
   Union Bank of India done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer11)
  Mini statement of account gives an insight into the last .........transactions of account.
  A)
   3                                 done clear
  B)
   10 done clear
  C)
   13                    done clear
  D)
   15 done clear
  E)
   16 done clear
  View Solution play_arrow

• question_answer12)
  A unique ......... and mobile number combination help in identifying the beneficiary's details.
  A)
   IMTF                            done clear
  B)
   MMID done clear
  C)
   IMPS               done clear
  D)
          NPCI done clear
  E)
   MOTO done clear
  View Solution play_arrow

• question_answer13)
  The participants for IMPS are
  A)
   Sender              done clear
  B)
   Receiver done clear
  C)
   Banks               done clear
  D)
   NFS done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer14)
  Range of ATM insurance policy
  A)
  Rs. 50000 to Rs. 5 lakh done clear
  B)
  Rs. 50000 to Rs. 10 lakh done clear
  C)
  Rs. 50000 to Rs. 20 lakh done clear
  D)
  Rs. 5 lakh to Rs. 20 lakh done clear
  E)
  Rs. 20 lakh to Rs. 30 lakh done clear
  View Solution play_arrow

• question_answer15)
  ......... do not have bank logo, as they are setup by non-banking entities.
  A)
   White label ATM's          done clear
  B)
   Online ATM's done clear
  C)
   Onsite ATM's                 done clear
  D)
   Offsite ATM's done clear
  E)
   Stand Alone ATM's done clear
  View Solution play_arrow

• question_answer16)
  Banks offers new card less cash facility called
  A)
   Cash-on-net                  done clear
  B)
   Cash-on-deposit done clear
  C)
   Cash-on-mobile             done clear
  D)
   Cash-on-services done clear
  E)
   Cash-on-cash done clear
  View Solution play_arrow

• question_answer17)
  IMPS is a past of mobile application. Customers can withdraw up to Rs. 5000 per day through cash-on-mobile. What is IMPS?
  A)
   Interbank Money Payment Services done clear
  B)
   Intra Money Payment Services done clear
  C)
   Intra Mobile Payment Services done clear
  D)
   Interbank Mobile Payment Services done clear
  E)
   Interbank Mini Payment Services done clear
  View Solution play_arrow

• question_answer18)
  Aadhaar enabled basic types of banking transactions are
  A)
   Cash withdrawal            done clear
  B)
   Cash deposit done clear
  C)
   Balance enquiry             done clear
  D)
  a and b done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer19)
  The UIDAI is a central government agency of India which issues a
  A)
   10-digit unique identity number done clear
  B)
   12-digit unique identity number done clear
  C)
   14-digit unique identity number done clear
  D)
   15-digit unique identity number done clear
  E)
   20-digit unique identity number done clear
  View Solution play_arrow

• question_answer20)
  The credit card can be used for purchase of goods and service through
  A)
   Interactive Voice Response (IVR) done clear
  B)
   Recurring transactions done clear
  C)
   Mail order telephone order done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer21)
  ........... launched new green channel service.
  A)
   State Bank of India        done clear
  B)
   Union Bank of India done clear
  C)
   UCO Bank                    done clear
  D)
   Dena Bank done clear
  E)
   Punjab National Bank done clear
  View Solution play_arrow

• question_answer22)
  .......... ATM is provided for e-commerce.
  A)
   Orange Label                done clear
  B)
   Blue Label done clear
  C)
   Yellow Label                 done clear
  D)
   Purple Label done clear
  E)
   Red Label done clear
  View Solution play_arrow

• question_answer23)
  .......... has the largest ATM network.
  A)
   ICICI Bank                   done clear
  B)
   SBI done clear
  C)
   AXIS Bank                   done clear
  D)
   HDFC Bank done clear
  E)
   UCO Bank done clear
  View Solution play_arrow

• question_answer24)
  Services available on the CDM is/are
  A)
   Pin change done clear
  B)
   Balance enquiry done clear
  C)
   Mini statement of account done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer25)
  Some of the salient features of Cash Deposit Machines are
  A)
   Paperless transaction done clear
  B)
   The per transaction limit is Rs. 49900 done clear
  C)
   Quick and convenient way to deposit cash done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer26)
  The benefit of ATMs for customers
  A)
   Provide 24 X 7 and 365 days a year service done clear
  B)
   Provide error free service done clear
  C)
   Allow privacy in transactions done clear
  D)
  a and b done clear
  E)
   All of the above done clear
  View Solution play_arrow

• question_answer27)
  These ATMs are not connected to bank's data base
  A)
   Online ATMs                 done clear
  B)
   Offline ATMs done clear
  C)
   Brown Label ATMs        done clear
  D)
   Mobile ATM done clear
  E)
  a and c done clear
  View Solution play_arrow

• question_answer28)
  WLA ATMs are setup, owned and operated by
  A)
   Nationalised bank          done clear
  B)
   SBI done clear
  C)
   Non-banks                    done clear
  D)
   RBI done clear
  E)
   Private bank done clear
  View Solution play_arrow

• question_answer29)
  It works as women banking
  A)
   Pink label ATM              done clear
  B)
   Green label ATM done clear
  C)
   Mobile ATM                  done clear
  D)
  a and B done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer30)
  NPCI launched India's first rural bank ATM card with a regional rural bank in
  A)
   Varanasi     done clear
  B)
   Delhi done clear
  C)
   Thane              done clear
  D)
   Bengaluru done clear
  E)
   Patna done clear
  View Solution play_arrow

• question_answer31)
  It provides for Agricultural transaction
  A)
   Worksite ATM               done clear
  B)
   Green Label ATM done clear
  C)
   Yellow Label ATM         done clear
  D)
   Orange Label ATM done clear
  E)
   Black Label ATM done clear
  View Solution play_arrow

• question_answer32)
  Choose the correct statement (s).

  I. First Bank to introduce ATM in India was HSBC.

  II. ICICI was the first Bank to provide Mobile ATM.

  III. India's first non-bank owned ATM opens in Thane.

  Which of the above statement is/are correct?
  A)
   I and II            done clear
  B)
   II and III done clear
  C)
   I and III           done clear
  D)
   I,  and III done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer33)
  PM Narendra Modi launched gold related schemes, namely

  I. Gold Monetisation Scheme

  II. Sovereign Gold Bond Scheme

  III. Indian Gold Coins

  Codes
  A)
   Only II                         done clear
  B)
   I and II      done clear
  C)
   I, II and III                    done clear
  D)
   II and III  done clear
  E)
   Only III done clear
  View Solution play_arrow

• question_answer34)
  Choose the correct statement(s) regarding bank card.

  I. A bank card is typically a plastic card.

  II. Bank card performs one or more of a number of services.

  III. Bank card issued by a retail chain to its clients.

  Codes
  A)
   I and II            done clear
  B)
   II and III done clear
  C)
   I, II and III                    done clear
  D)
   I and III done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer35)
  Choose the correct statement(s).

  I. The PIN is not printed or embedded on the card.

  II. The PIN is manually entered by the cardholder during ATM.

  III. The PIN is a numeric password.

  Which of the above statement is/are correct?
  A)
   Only II            done clear
  B)
   I, II and III done clear
  C)
   I and II            done clear
  D)
   II and III done clear
  E)
   I and III done clear
  View Solution play_arrow

• question_answer36)
  Which of the following is the limitation of the ATMs owing to which people are required to visit branches of the bank?

  I. It does not accept deposits.

  II. It has a limited cash disbursement capacity.

  III. Lack of human interface.

  Select the correct answer using the codes given below
  A)
   Only I             done clear
  B)
   Only II done clear
  C)
   Only III                        done clear
  D)
   III, II and I done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer37)
  In addition to cash dispensing ATMs may have many services/facilities such as

  I. Account information

  II. Cash Deposit

  III. Regular bills payment

  IV. Mini/Short Statement

  Codes
  A)
   I, II and III                    done clear
  B)
   II, III and IV done clear
  C)
   I, II, III and IV               done clear
  D)
   II and III done clear
  E)
   I and IV done clear
  View Solution play_arrow

• question_answer38)
  A centralised database with online connectivity to branches. Internet as well as ATM network which has been adopted by almost all major banks of our country is known as                                                 [IBPS Clerk 2011]
  A)
   Investment banking        done clear
  B)
   Core banking      done clear
  C)
   Mobile banking  done clear
  D)
   National banking   done clear
  E)
   Specialised banking done clear
  View Solution play_arrow

• question_answer39)
  Which of the following is known as Plastic Money?                                      [Indian Overseas Bank 2011]

  I. Demand Draft

  II. Credit Card

  III. Debit Card

  Select the correct answer using the codes given below
  A)
   Only I             done clear
  B)
   Only II done clear
  C)
   Only III            done clear
  D)
   Both II and III done clear
  E)
   All of these done clear
  View Solution play_arrow

• question_answer40)
  The term 'Plastic money' refers to                                                              [SBI Associates 2012]
  A)
   ATM/Credit Cards   done clear
  B)
   Plastic Coated Currency Notes done clear
  C)
   Foreign Currency Notes done clear
  D)
   Travellers' Cheque done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer41)
  The Abbreviation 'UIDAF stands for                                                           [SBI Associates 2012]
  A)
   Unique Identification Division of All India done clear
  B)
   Unique Identification Department of Ancient India done clear
  C)
   Unique Identity Division of Ancient India done clear
  D)
   Unique Identification Authority of India done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer42)
  It is mandatory to quote the following identification number on all large value financial transactions       [SBI Associates 2012]
  A)
   PAN number                 done clear
  B)
   Voter ID done clear
  C)
   PIN                              done clear
  D)
   Ration Card number done clear
  E)
   Phone number done clear
  View Solution play_arrow

• question_answer43)
  A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known as                                                          [IBPS PO 2013]
  A)
   Universal Banking          done clear
  B)
   Indirect Bank done clear
  C)
   Door Step Bank             done clear
  D)
   A Direct Bank done clear
  E)
   Unit Banking done clear
  View Solution play_arrow

• question_answer44)
  The concept of 'Micro Credit' essentially concentrates on                                                       [IBPS PO 2013]
  A)
   consumption smoothening as and when needed done clear
  B)
   providing safe place to hold savings done clear
  C)
   accepting deposits done clear
  D)
   provision of credit to the poor done clear
  E)
   facility to transfer money done clear
  View Solution play_arrow

• question_answer45)
  The Aadhaar Enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar enabled basic types of banking transactions do 'not? include [IBPS PO 2013]
  A)
   Aadhaar to Aadhaar funds transfer done clear
  B)
   Small overdraft facility done clear
  C)
   Cash withdrawal done clear
  D)
   Balance enquiry done clear
  E)
   Cash deposit done clear
  View Solution play_arrow

• question_answer46)
  Which of the following services relate to execution of transactions directly with consumers, rather than corporations or other banks?                                                                                                               [IBPS PO 2013]
  A)
   Wholesale Banking Services                 done clear
  B)
   Industrial Banking Services                 done clear
  C)
   Investment Banking Services done clear
  D)
   Corporate Banking Services done clear
  E)
   Retail Banking Services done clear
  View Solution play_arrow

• question_answer47)
  Value added services means                                                                                             [SBI PO 2013]
  A)
   low cost products done clear
  B)
   high cost products done clear
  C)
   at par services done clear
  D)
   additional services for the same cost done clear
  E)
   giving discounts done clear
  View Solution play_arrow

• question_answer48)
  The target market for Debit Cards is                                                                                   [SBI PO 2013]
  A)
   all existing account holders    done clear
  B)
   all agriculturists done clear
  C)
   all DSAs done clear
  D)
   all vendors done clear
  E)
   all outsourced agents done clear
  View Solution play_arrow

• question_answer49)
  The term ATM refers to [RBI Grade B 2013;                                                           [SBI Associate 2012]
  A)
   Asynchronous Transfer Mode done clear
  B)
   Advanced Technical Material done clear
  C)
   Automated Teller Machine done clear
  D)
   Arabian Travel Market done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer50)
  Scheduled commercial banks can install offsite ATMs at centres/places identified by them, without taking RBFs prior approval provided                                                                                                [RBI Grade B 2013]
  A)
   The business transacted at the offsite ATM is recorded in the books of respective branch/base branch/centralised data centre done clear
  B)
   No person other than the security guard is posted at the offsite ATM done clear
  C)
   Third party advertisement, such as, products of other manufacturers/ dealers/vendors are not displayed on the ATM screens/network done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer51)
  As per RBI directives, through offsite ATMs the banks may provide the facilities of       [RBI Grade B 2013]
  A)
   Interbank funds transfer - transfer of funds between the bank's customers and customers of other banks done clear
  B)
   Personal Identification Number (PIN) changes done clear
  C)
   Requisition of cheque books done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer52)
  Which of the following statements about withdrawing cash from ATM of other banks are correct?                      [RBI Grade B 2013]
  A)
   There will be no charge for withdrawing money from other banks' ATMs up to five occasions in a month done clear
  B)
   'Free access to other banks' ATMs subject to ceiling of Rs. 10000 transaction done clear
  C)
   If the ATM of other banks is accessed for more than five times a month, banks may levy charges up to Rs. 20 per transaction done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer53)
  The Society for Worldwide Interbank Financial Telecommunication (SWIFT)               [RBI Grade B 2013]
  A)
   was registered as a company in Belgium done clear
  B)
   is a bank owned non-profit cooperative society done clear
  C)
   became operational in May, 1977 done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer54)
  ATM is a computerised telecommunications device that provides the clients a financial institution with access to financial transactions in a public space without the need for                                       [RBI Grade B 2013]
  A)
   cashier done clear
  B)
   human clerk done clear
  C)
   bank teller done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer55)
  Using an ATM, customers can                                                                              [RBI Grade B 2013]
  A)
   access their bank accounts in order to make cash withdrawals (or credit card cash advances) done clear
  B)
   check their account balances done clear
  C)
   purchase cell phone prepaid credit done clear
  D)
   All of the above done clear
  E)
   None of the above done clear
  View Solution play_arrow

• question_answer56)
  ATMs of various banks in the country are connected through                                    [RBI Grade B 2013]
  A)
   LAN                             done clear
  B)
   WAN done clear
  C)
   NFS            done clear
  D)
   SPNS done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer57)
  'Buy Now Pay Now' refers to which of the following?                                                [IBPS Clerk 2014]
  A)
   Affinity Card                 done clear
  B)
   Smart Card done clear
  C)
   Business Card                done clear
  D)
   Credit Card done clear
  E)
   Debit Card done clear
  View Solution play_arrow

• question_answer58)
  As per cent press in India, White Label ATMs are installed. What is meant by a white label ATM?       [IBPS Clerk 2014]
  A)
   ATMS, which are setup by non-banking entities done clear
  B)
   ATMs, which are white in colour done clear
  C)
   ATMs, which are setup by group of foreign banks operating in India done clear
  D)
   ATMs, which are setup by Reserve Bank of India done clear
  E)
   ATMs, which are installed by group of bankers done clear
  View Solution play_arrow

• question_answer59)
  State Bank of India on May, 2015 launched State Bank RuPay Platinum debit card in association with National Payment Corporation of India (NPCI). The RuPay card is accepted at                                     [SBI PO 2015]
  A)
   ATMs               done clear
  B)
          PoS done clear
  C)
   E-commerce                  done clear
  D)
   All of these done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer60)
  Prime Minister Narendra Modi on 5th Nov, 2015 launched three gold related schemes under [IBPS Clerk 2015]
  A)
   Digital India done clear
  B)
   Make in India done clear
  C)
   Startup India done clear
  D)
   Rashtriya Saksharta Mission done clear
  E)
   Swarna Bharat Yojana done clear
  View Solution play_arrow

• question_answer61)
  The first ATM was setup in Mumbai in 1987 by                                                                  [RBI Grade B 2015]
  A)
   ICICI Bank                   done clear
  B)
   SBI done clear
  C)
   HDFC Bank                  done clear
  D)
   HSBC Bank done clear
  E)
   Citi bank done clear
  View Solution play_arrow

• question_answer62)
  In order to sign up your recently launched Digital Locker (DigiLocker) by government of India, one needs to have a mobile phone number linked to a                                                                                  [RBI Grade B 2015]
  A)
   Adhaar number                         done clear
  B)
   PAN done clear
  C)
   bank account number                 done clear
  D)
   safe deposit locker done clear
  E)
   passport number done clear
  View Solution play_arrow

• question_answer63)
  The installation of 'Talking ATMs' is aimed at making ATMs friendly for                     [RBI Grade B 2015]
  A)
   minors done clear
  B)
   foreigners done clear
  C)
   differently-abled users done clear
  D)
   senior citizens done clear
  E)
   non-costumers done clear
  View Solution play_arrow

• question_answer64)
  The mobile wallet services 'M-Pesa? has been introduced by Vodafone in partnership with                  [RBI Grade B 2015]
  A)
   Visa Inc           done clear
  B)
   Master Card Inc done clear
  C)
   ICICI Bank  done clear
  D)
   American Express Co. done clear
  E)
   NPCI done clear
  View Solution play_arrow

• question_answer65)
  Which of the following public sector banks have launched 'Mingle' to enable its customers to access to various banking on July, 2016?                                                                                                                [UBI PO 2016]
  A)
   Bank of India                done clear
  B)
   Union Bank of India done clear
  C)
   Bank of Baroda             done clear
  D)
   State Bank of India done clear
  E)
   Allahabad Bank done clear
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• question_answer66)
  As per the recent press report, RBI has selected how many companies for setting up of payment banks in the country? [UBI PO 2016]
  A)
   41                    done clear
  B)
   72 done clear
  C)
   11                    done clear
  D)
   18 done clear
  E)
   23 done clear
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• question_answer67)
  'M-Pesa', a mobile based money transfer and payment service, were launched by Vodafone in the year 2007. In India, Vodafone India launched it in 2013 in association with                                   [RBI Grade B 2016]
  A)
   YES Bank                     done clear
  B)
   SBI done clear
  C)
   HDFC Bank      done clear
  D)
   Kotak Mahindra Bank done clear
  E)
   ICICI Bank done clear
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• question_answer68)
  Chairman of the 'Bank Board Bureau (BBB), Shri Vinod Rai has recently stepped down from the board of                     [RBI Grade B 2016]
  A)
   HSBC Bank done clear
  B)
   ICICI Bank done clear
  C)
   IDBI Bank done clear
  D)
   HDFC Bank done clear
  E)
   IDFC Bank done clear
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• question_answer69)
  Recently introduced by National Payments Corporation of India (NPCI), the 'NACH' is a centralised                              [RBI Grade B 2016]
  A)
   application processing for banks system done clear
  B)
   Credit appraisal system done clear
  C)
   Electronic clearing system                      done clear
  D)
   Core Banking system done clear
  E)
   None of those given options done clear
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• question_answer70)
  The Reserve Bank of India has authorized non-banks to operate 'White label ATMs? under the provisions of                    [RBI Grade B 2016]
  A)
   Reserve Bank of India Act, 1934 done clear
  B)
   Negotiable Instruments Act, 1881 done clear
  C)
   Negotiable Instruments (Amendment) Act, 2015 done clear
  D)
   Banking Regulation Act, 1949 done clear
  E)
   Payment and Settlement Systems Act. 2007 done clear
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• question_answer71)
  EFT POS stands for                                                                                                        [IBPS PO 2016]
  A)
   Electronic Funds Transfer at Pre of Sale done clear
  B)
   Electronic Funds Transfer at Prepaid of Sale done clear
  C)
   Electronic Funds Transfer at Point of Sale done clear
  D)
   Electronic Funds Transfer at Present of Sale done clear
  E)
   Electronic Funds Terminals at Point of Sale done clear
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