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question_answer1)
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
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question_answer2)
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
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question_answer3)
Real time gross settlement benefits
A)
the customers done
clear
B)
the banks done
clear
C)
Reserve Bank of India done
clear
D)
Both [a] and [b] done
clear
E)
None of these done
clear
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question_answer4)
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
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question_answer5)
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
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question_answer6)
As we have noticed, banks these days are giving more emphasis on 'Branchless Banking.' What does this really mean?
I. What does this really mean? Banks will not have many branches as used to be in the good old days. Instead, the number of branches will be restricted and will conduct only a specified" core business. |
II. Banks will launch/operate many delivery channels like ATMs, Mobile Banking/Internet Banking, etc, so that people are not required to visit a branch for their usual banking needs. |
III. This means banks will issue only debit or credit cards for all types of day-to- day financial transactions. Cheques/ cash payments will not be allowed. Select the correct answer using the codes given below: |
A)
Only I done
clear
B)
Only II done
clear
C)
I and II done
clear
D)
II and III done
clear
E)
All of these done
clear
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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
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question_answer8)
Which of the following is known as Plastic Money?
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 the above done
clear
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question_answer9)
Many times we read a term CBS used in banking operations. What is the full form of the letter C in the term 'CBS'?
A)
Complete done
clear
B)
Credit done
clear
C)
Continuous done
clear
D)
Core done
clear
E)
None of these done
clear
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question_answer10)
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
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question_answer11)
To use smart cards/debit cards/credit cards for the purchase of an item or for payment of a service at a merchant's store/ the card has to be swiped in a terminal known as
A)
point of sale terminal done
clear
B)
real time terminal done
clear
C)
shopping terminal done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer12)
Lot of banks in India these days, are offering M-Banking facility to their customers. What is the full form of M in M-Banking?
A)
Money done
clear
B)
Marginal done
clear
C)
Message done
clear
D)
Mutual Fund done
clear
E)
Mobile done
clear
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question_answer13)
All Inter-Bank Funds Transfer System, where funds are transferred as and when the transactions are triggered, is called
A)
internet banking done
clear
B)
mobile banking done
clear
C)
bill payment service done
clear
D)
real time gross settlement done
clear
E)
None of these done
clear
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question_answer14)
The money market in India consists of two sectors namely the organised and the unorganised sector. Which of the following do not fall under unorganised sector?
A)
RBI, commercial banks and SBI done
clear
B)
LIC and GIC done
clear
C)
Unit Trust of India done
clear
D)
Indigenous banks done
clear
E)
None of these done
clear
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question_answer15)
Currently, banks claim that they have achieved 100% CBS. What are they referring to?
A)
It means all their branches are technology driven with core banking solutions done
clear
B)
It suggests complete banking services done
clear
C)
It is an indication of customized banking services done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer16)
As per the notification issued by the banks, the 'third party ATM usage' will now be restricted to certain withdrawals and limits only. What does it really mean?
I. The ATM card holders will not be able to withdrew from other banks' ATMs under any circumstances. |
II. Customers of one bank may be able to withdraw only a limited amount from other banks' ATMs. |
III. ATM card holders will have to pay a fee if they withdraw money from other banks' ATMs frequently. |
Select the correct answer under the codes given below:
A)
Only I done
clear
B)
Only II done
clear
C)
Only III done
clear
D)
II and III done
clear
E)
I and III done
clear
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question_answer17)
Opening of maximum number of ATMs is an example of
A)
indirect marketing done
clear
B)
direct marketing done
clear
C)
social marketing done
clear
D)
All of these done
clear
E)
None of these done
clear
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question_answer18)
Telebanking service is based on
A)
virtual banking done
clear
B)
online banking done
clear
C)
voice banking done
clear
D)
core banking done
clear
E)
None of these done
clear
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question_answer19)
The best alternative banking service to branch banking to be the part of financial inclusion?
A)
Establishment of small branches done
clear
B)
Set-up ATMs done
clear
C)
Issuing of ATM cards done
clear
D)
Giving credit cards done
clear
E)
Mobile banking done
clear
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question_answer20)
Which of the following is/are the major concepts visible in today's banking industry in India?
I. Risk-based management |
II. Growing competition |
III. IT initiatives |
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)
I and III done
clear
E)
All of these done
clear
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question_answer21)
E-commerce is increasingly becoming a popular mode of doing business. What is this way of operating?
A)
Buying goods and services online from vendors done
clear
B)
Placing orders on the phones done
clear
C)
Getting 30 days credit period for payment done
clear
D)
Payment has to be made in advance before goods/ services are delivered done
clear
E)
None of these done
clear
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question_answer22)
Which is the card that looks like any other plastic card or an ATM card with Integrated Circuit (IC chip)?
A)
Member card done
clear
B)
Charge card done
clear
C)
Credit card done
clear
D)
Smart card done
clear
E)
None of these done
clear
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question_answer23)
'National Financial Switch' has been set- up to facilitate connectivity between the bank's switches and their ATMs and inter- bank payment gateway for authentication and routing the payment details of various e-commerce transactions. Which organisation has set-up this switch?
A)
IBRD done
clear
B)
IDRBT done
clear
C)
SBI done
clear
D)
SIDBI done
clear
E)
None of these done
clear
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question_answer24)
Banks and other institutions have issued debt and credit cards, the purpose of both are
A)
the same, to make paperless payments done
clear
B)
different, since in credit card, the account is credited with the amount while in debit card the account is debited done
clear
C)
the same, there is risk weight-age of 125% in both the cards. done
clear
D)
different, since in debit cards interest for delayed period is charged while in credit cards no such interest is charged by banks done
clear
E)
None of these done
clear
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question_answer25)
When we talk of smart money what are we referring to?
A)
Foreign currency done
clear
B)
Internet banking done
clear
C)
Credit cards done
clear
D)
Treasury bills done
clear
E)
None of these done
clear
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question_answer26)
Which of following is necessary to transfer funds through the RTGS facility?
A)
Beneficiary's bank account number done
clear
B)
The IFSC number of the beneficiary's bank branch done
clear
C)
There is a minimum amount specified for transfer done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer27)
In E-commerce what is meant by B2B?
A)
It means trade between business to business done
clear
B)
The deals between business to banks done
clear
C)
It suggests transactions between banks and capitalists done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer28)
What is the name given to the online payment services that all internet banking customers can use?
A)
E pay done
clear
B)
E-commerce done
clear
C)
ECS done
clear
D)
All of these done
clear
E)
None of these done
clear
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question_answer29)
'Smart Money' is a term used for
A)
internet banking done
clear
B)
FDRs in banks done
clear
C)
credit cards done
clear
D)
demand drafts of banks done
clear
E)
bank rate done
clear
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question_answer30)
RTGS stands for
A)
Real Time Gross Settlements done
clear
B)
Reduced Time Gross Settlements done
clear
C)
Relative Time Gross Settlements done
clear
D)
Real Total Gross Securities done
clear
E)
None of these done
clear
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question_answer31)
The ATMs which are set up, owned and operated by non-banks are called
A)
White Label ATMs done
clear
B)
Brown Label ATMs done
clear
C)
Blue Label ATMs done
clear
D)
None of these done
clear
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question_answer32)
Which of the following types of accounts is/are not applicable for free transactions at ATMs?
A)
Basic Savings Bank Deposit Accounts done
clear
B)
Savings Account done
clear
C)
Current Account done
clear
D)
Both [a] and [b] done
clear
E)
None of these done
clear
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question_answer33)
What amount does a bank have to pay to customers for delays in re-crediting the amount beyond 7 working days in case of failed ATM transaction?
A)
Rs. 100 done
clear
B)
Rs. 200 done
clear
C)
Rs. 300 done
clear
D)
Rs. 500 done
clear
E)
None of these done
clear
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question_answer34)
Which of the following statements is/are correct regarding credit card?
I. Banks in India can undertake credit card business either departmentally or through a subsidiary company set up for the purpose. |
II. Prior approval of the Reserve Bank is not necessary for banks desirous of undertaking credit card business. |
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_answer35)
Citi-Times card is an example of
A)
co-branded cards done
clear
B)
debit card done
clear
C)
smart card done
clear
D)
prepaid card done
clear
E)
None of these done
clear
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question_answer36)
Which of the following statements is/are correct about Kisan Credit Card?
I. It was introduced in August 1999. |
II. It offers credit in terms of cash credit and term credit. |
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_answer37)
For credit cards, the MDR varies between
A)
1.5-2.5 percent done
clear
B)
1.5-2 percent done
clear
C)
2-2.5 percent done
clear
D)
2-3 percent done
clear
E)
None of these done
clear
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question_answer38)
Electronic Funds Transfer at Point of Sale involves funds transfers based on the use of
A)
debit cards done
clear
B)
credit cards done
clear
C)
both [a] and [b] done
clear
D)
None of these done
clear
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question_answer39)
Indian Financial System Code is used for
A)
National Electronic Funds Transfer done
clear
B)
Real Time Gross Settlement done
clear
C)
Centralized Funds Management System done
clear
D)
All of the above done
clear
E)
None of these done
clear
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question_answer40)
Transferring money between banks for international wire transfers uses
A)
SWIFT Codes done
clear
B)
MICR Codes done
clear
C)
IFSC Codes done
clear
D)
None of these done
clear
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question_answer41)
Which payment mode is used for making bulk payment of amounts?
A)
NEFT done
clear
B)
RTGS done
clear
C)
IMPS done
clear
D)
ECS Credit done
clear
E)
None of these done
clear
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question_answer42)
National Automated Clearing House (NACH) has been launched for
A)
clearing cheques done
clear
B)
facilitating interbank electronic transactions done
clear
C)
clearing loans done
clear
D)
both [a] and [b] done
clear
E)
None of these done
clear
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question_answer43)
Which cryptocurrency has hit its highest level in 3 years following India's demonetisation?
A)
Bitcoin done
clear
B)
Rupay done
clear
C)
USSD done
clear
D)
UPI done
clear
E)
None of these done
clear
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question_answer44)
Block Chain Technology was created by
A)
ICICI Bank done
clear
B)
HDFC Bank done
clear
C)
SBI done
clear
D)
Axis Bank done
clear
E)
None of these done
clear
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