question_answer 1)
Which of the following banks launched EazyPay mobile application for merchants that allows all-in-one acceptance payments platform. It has all digital wallets, QR code, Unified Payments Interface (UPI) and credit & debit cards modes of payments?
A)
HDFC Bank done
clear
B)
Axis Bank done
clear
C)
Yes Bank done
clear
D)
IDFC Bank done
clear
E)
ICICI Bank done
clear
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question_answer 2)
Which of the following statements about Bharat QR code is not correct?
(i) It is a quick response (QR) code mandated by the government to enable digital payments without card swiping machines. (ii) It works as a common interface for RuPay cards, MasterCard, Visa and American Express. (iii) It provides a solution to the largely closed QR code-based acceptance systems. (iv) As a customer, you can do it with even a basic phone.
A)
(i) & (ii) done
clear
B)
(iii) & (iv) done
clear
C)
only (ii) done
clear
D)
only (iv) done
clear
E)
None of these done
clear
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question_answer 3)
BBPS stands for______.
A)
Broad Band Plug-in Spectrum done
clear
B)
Budgeting and Business Planning Security done
clear
C)
Bharat Bill Product System done
clear
D)
Bharat Bill Payment System done
clear
E)
None of these done
clear
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question_answer 4)
_________ is a standard format of Bank Identifier Codes (BIC) for banks to identify banks and financial institutions globally,
A)
RTGS done
clear
B)
IFSC done
clear
C)
NEFT done
clear
D)
SWIFT done
clear
E)
None of these done
clear
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question_answer 5)
How many digits are there in CIBIL score?
A)
4 done
clear
B)
3 done
clear
C)
6 done
clear
D)
9 done
clear
E)
None of these done
clear
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question_answer 6)
How many codes are there in SWIFT code?
A)
8 done
clear
B)
11 done
clear
C)
7 done
clear
D)
Both [a] and [b] done
clear
E)
None of these done
clear
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question_answer 7)
E-KYC is possible only for those who have.
A)
PAN Card done
clear
B)
Driving License done
clear
C)
Aadhaar Number done
clear
D)
All of the these done
clear
E)
None of these done
clear
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question_answer 8)
Plastic Money' denotes _____?
A)
Bearer cheque done
clear
B)
Credit card done
clear
C)
Demand Draft done
clear
D)
Traveller's cheque done
clear
E)
Gift cheque done
clear
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question_answer 9)
MTSS is a way of transferring personal remittances from abroad to beneficiaries in India. What does MTSS stand for
A)
Mobile Transfer Service Scheme done
clear
B)
Money Transfer System Scheme done
clear
C)
Money Timing Service Scheme done
clear
D)
Money Transfer Service Scheme done
clear
E)
None of these done
clear
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question_answer 10)
How much payment can be made in cash to the beneficiary in India under MTSS?
A)
Rs. 2, 00,000 done
clear
B)
Rs. 1, 00,000 done
clear
C)
Rs. 50,000 done
clear
D)
Rs. 55,000 done
clear
E)
None of these done
clear
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question_answer 11)
Conversion of Physical form of share into electronic form is called
A)
E- Share done
clear
B)
DEMAT done
clear
C)
Online Share Card done
clear
D)
Internet Trading done
clear
E)
None of these done
clear
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question_answer 12)
Which among the following benefits is/are associated with RuPay?
A)
International transactions lead to higher transactions costs. Such costs can be reduced by using RuPay card since processing will be done within the country. done
clear
B)
Users will get alerts for every transaction made through RuPay Card. done
clear
C)
Processing fees for RuPay card compared with regular debit/credit cards will be considerably lower. done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 13)
MICR code is used for
A)
Electronic Clearance of Cheques done
clear
B)
Electronic Funds Transfer done
clear
C)
Code Banking Solution done
clear
D)
Cheque Truncation Services done
clear
E)
None of these done
clear
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question_answer 14)
Which among the following products is not a product of NPCI?
A)
Unified Payments Interface (UPI) done
clear
B)
Bharat Interface for Money (BHIM) done
clear
C)
Single Euro Payments Area (SEPA) done
clear
D)
Bharat Bill Payment System (BBPS) done
clear
E)
None of these done
clear
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question_answer 15)
Which card is a new card payment scheme launched by NPCI?
A)
Maestro card done
clear
B)
Visa Card done
clear
C)
Master Card done
clear
D)
RuPay done
clear
E)
None of these done
clear
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question_answer 16)
HDFC Bank has announced its UPI will also be available on Chillr, a multi-bank mobile payments app. What is the meaning of "I" in UPI?
A)
Instant done
clear
B)
Interface done
clear
C)
Initial done
clear
D)
International done
clear
E)
None of these done
clear
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question_answer 17)
Kerala-based NBFC Manappuram Finance will launch its own co-branded prepaid card in the tie-up with _________ to promote digital financial transactions.
A)
Canara Bank done
clear
B)
HDFC Bank done
clear
C)
Yes Bank done
clear
D)
ICICI Bank done
clear
E)
None of these done
clear
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question_answer 18)
IMPS is an instant interbank electronic fund transfer service through mobile phones. IMPS stands for
A)
Indian Mobile Payment Service done
clear
B)
Immediate Payment System done
clear
C)
Immediate Payment Service done
clear
D)
Immediate Product Service done
clear
E)
None of these done
clear
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question_answer 19)
A bank or a financial organisation these days relies heavily on e-commerce for its transaction. As a part of system security, it introduces organisation's security awareness manual. This step of the bank/ organisation can be classified under which one of the following categories of measures for a business?
A)
Detective done
clear
B)
Compliance done
clear
C)
Corrective done
clear
D)
Preventive vigilance done
clear
E)
None of these done
clear
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question_answer 20)
Which of the following is not e-banking software?
A)
PIPS done
clear
B)
MICR done
clear
C)
RTGS done
clear
D)
ECS done
clear
E)
None of these done
clear
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question_answer 21)
To use smart cards/ debit cards/ credit cards for the purchase of an item or for payment of a service of a merchant's store, the card has to be swiped in a terminal known as:
A)
Real time terminal done
clear
B)
Shopping terminal done
clear
C)
Point of Sale terminal done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 22)
Which of the following statements is/are correct about Ola Money?
I. It can be used as a credit card to pay cab fare. II. It is available on only Android and Windows mobiles.
A)
I only done
clear
B)
II only done
clear
C)
Both I and II done
clear
D)
None of these done
clear
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question_answer 23)
Which of the following statements is/are correct about PhonePe?
I. It has been launched by Amazon. II. It works over Unified Payment Interface. III. It allows bank to bank payment transfers using Virtual Payment Address.
A)
I only done
clear
B)
I and II done
clear
C)
I, II and III done
clear
D)
II and III done
clear
E)
None of these done
clear
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question_answer 24)
Which of the following operating systems is/are supported by Airtel Money app?
A)
Android done
clear
B)
iOS and done
clear
C)
Windows done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 25)
Which of the following statements is/are correct about LIME app?
I. It has been launched by HDFC Bank. II. It can be used to apply for home loans. III. It can run only on Android platform.
A)
III only done
clear
B)
I and II done
clear
C)
II and III done
clear
D)
I, II and III done
clear
E)
None of these done
clear
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question_answer 26)
Which of the following apps allows UPI- based payments?
A)
ICICI Pockets done
clear
B)
PhonePe done
clear
C)
Airtel Money done
clear
D)
None of these done
clear
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question_answer 27)
Which of the following apps is available in 13 Indian languages?
A)
PayZapp done
clear
B)
State Bank Buddy done
clear
C)
LIME done
clear
D)
None of these done
clear
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question_answer 28)
Which of the following agencies developed the Unified Payments Interface?
A)
RBI done
clear
B)
National Payments Corporation of India done
clear
C)
Department of Electronics & Information Technology done
clear
D)
None of these done
clear
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question_answer 29)
Which of the following channels can be used for transactions with RuPay card?
A)
ATMs done
clear
B)
Point of Sales (PoS) done
clear
C)
Aadhaar-based micro ATM done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 30)
Which of the following statements is/are correct about BHIM app?
I. The app is inter-operable with Unified Payment interface (UPI) but does not connect directly to your bank account. II. There is limit of 50,000 rupees transaction in 24 hours. III. It uses Immediate Payment Service (IMPS) system.
A)
II only done
clear
B)
I and III done
clear
C)
I, II and III done
clear
D)
II and III done
clear
E)
None of these done
clear
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question_answer 31)
Which of the following statements is/are correct?
I. In new Unified Payments Interface (UPI) based payment model/ money transfer is possible in send mode only. II. There is a limit of Rs. 1 lakh per transaction through the UPI platform.
A)
I only done
clear
B)
II only done
clear
C)
Both I and II done
clear
D)
None of these done
clear
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question_answer 32)
Which of the following statements is/are correct about BBPS?
I. The policy guidelines for the implementation of BBPS were issued by the Reserve Bank of India. II. It offers interoperable bill payment ser- vice to customers.
A)
I only done
clear
B)
II only done
clear
C)
Both I and II done
clear
D)
None of these done
clear
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question_answer 33)
Which of the following aimed at promoting inter-operable financial inclusion?
A)
Aadhaar Enabled Payment System done
clear
B)
Bharat Interface for Money done
clear
C)
Digital wallet done
clear
D)
None of these done
clear
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question_answer 34)
Which of the following inputs is required for a customer to do a transaction with AEPS?
A)
Issuer Identification Number done
clear
B)
Finger Print done
clear
C)
Aadhar Number done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 35)
Which of the following statements is/are correct about Unified Payment Interface?
I. It allows a customer to pay directly from a bank account to different merchants using IFSC code. II. No charges are applicable for making fund transfer.
A)
I only done
clear
B)
II only done
clear
C)
Both I and II done
clear
D)
None of these done
clear
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question_answer 36)
Digital Wallets are related to
A)
RBI Act, 1934 done
clear
B)
Banking Regulation Act done
clear
C)
Payment and Settlement System Act done
clear
D)
SARFAESI Act done
clear
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question_answer 37)
Digital signature service has been launched on Aadhaar platform. What is it called?
A)
DigiSign Desk done
clear
B)
eSignDesk done
clear
C)
OnlineSign Desk done
clear
D)
None of these done
clear
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question_answer 38)
Which of the following is a cultural constraint from the digital marketing macro-environment?
A)
Taxation at source of purchase done
clear
B)
Propensity for consumers to purchase online done
clear
C)
Opt-in to e-mail required to avoid SPAM done
clear
D)
Likelihood of fraudulent transactions done
clear
E)
None of these done
clear
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question_answer 39)
Which of the following is not correct about e-commerce?
A)
It is a powerful tool for customer relationship building done
clear
B)
It can help reduce operation costs done
clear
C)
It increases the net cost per contact done
clear
D)
It offers greater flexibility in meeting customer needs done
clear
E)
None of these done
clear
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question_answer 40)
Select the option due to which credit theft is impossible with smart card
A)
Key to unlock encrypted information required done
clear
B)
There is no external account number on the card done
clear
C)
All of the above done
clear
D)
None of these done
clear
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question_answer 41)
Which of the following statements is/are correct about PayZapp?
I. It has been launched by ICICI Bank. II. It can run on Android and iOS phones. III. It needs to be registered with Aadhar.
A)
I and II done
clear
B)
II and III done
clear
C)
I, II and III done
clear
D)
II only done
clear
E)
None of these done
clear
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question_answer 42)
An open source platform for mobile-to- mobile fund transfers without account details launched by NPCI was?
A)
Payment Interface done
clear
B)
Unique Payment Interface done
clear
C)
Unified Payment Interface done
clear
D)
People's Payment Interface done
clear
E)
None of these done
clear
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question_answer 43)
Conversion of Physical form of share into electronic form is called-
A)
E-Share done
clear
B)
Online Share Card done
clear
C)
Internet Trading done
clear
D)
DEMAT done
clear
E)
None of these done
clear
View Solution play_arrow
question_answer 44)
Which of the following features fit for e-Banking?
A)
Providing Ease in banking operations done
clear
B)
Stress on branchless banking done
clear
C)
Time Saving done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 45)
Which of the following statements is correct with RuPay?
(i) International transactions lead to higher transactions costs. Such costs can be reduced by using RuPay card since processing will be done within the country. (ii) Transactions will be faster. (iii) Users cannot get alerts for every transaction made through RuPay Card. (iv) Processing fee for RuPay card compared with regular debit/credit cards will be considerably lower.
A)
(i) only done
clear
B)
(i) and (ii) done
clear
C)
(i), (ii) and (iv) done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 46)
NFS is the largest network of shared automated teller machines (ATMs) in India. NFS stands for-
A)
National Financial Service done
clear
B)
National Financial Switch done
clear
C)
National Financial Stand done
clear
D)
National Financial Security done
clear
E)
None of these done
clear
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question_answer 47)
(i) e-wallet refers to an electronic, internet based payment system which stores financial value as well as personal identity related information. (ii) It requires the use of a physical card for undertaking transactions/remittances. (iii) Such electronic payment systems enable a customer to pay online for the goods and services. (iv) It also transfers funds to others, by using a mobile or computer.
A)
(i) only done
clear
B)
(ii) only done
clear
C)
(i), (iii) & (iv) done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer 48)
Which of the following challenges fall into the category of mobile banking solutions?
(i) To offer a common mobile banking solution to various types of devices. (ii) Security of financial transactions is the most complicated challenge. (iii) The customer may be sitting in any part of the world so banks need to ensure that the systems are up and running in a true \[24\times 7\] fashion.
A)
(i) only done
clear
B)
(ii) only done
clear
C)
All of the above done
clear
D)
None of these done
clear
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