financial literacy

. Which of the following contribute towards making online transactions secure?

• Unique transaction ID

• Unique server ID

• Unique PC ID

What is the name of the institution that governs the policies for other banks to follow?

• SBI

• RBI

• CBI

Choose the correct full form of NEFT a) National Electrical Fund Transfer b) National Electronic Funds Transfer c) Nationwide Electronic Fund Transact

• National Electrical Fund Transfer

• National Electronic Funds Transfer

• Nationwide Electronic Fund Transact

Card PIN numbers should be shared with friends and family.

• TRUE

• FALSE

QR codes make it easy and convenient to make payments through mobile wallets.

• TRUE

• FALSE

Digital payments can be made ________ of the day.

• ANYTIME

• IN CERTAIN HOURS

• IN OFFICE HOURS

Digital banking allows the bank customers to avail banking services using the bank’s website or a __________.

• ATM

• MOBILE APP

• BANK BRANCH

SAVINGS IS EQUAL TO

• INCOME - INVESTMENT

• INVESTMENT

• INCOME - EXPENSES

WHICH OF THE FOLLOWING ACCOUNTS OFFERS HIGHEST RATE OF INTEREST

• CURRENT DEPOSIT ACCOUNT

• SAVINGS DEPOSIT ACCOUNT

• FIXED DEPOSIT ACCOUNT

• RECURRING DEPOSIT ACCOUNT

The cheque amount should be wriiten as far to the ____________as possible.

• left

• right

• centre