Digital Banking

A Centralized system established by Banks which allows customers to conduct their business irrespective of bank's branch, enabling 'anywhere' banking for customers is known as….........

• Core Banking

• RTGS

• NEFT

• IMPS

Radha  a customer of IDBI Bank, Indira Nagar Branch, wants to transfer Rs. 50,000/-  to her mother. Her mother is having acccount in SBI. She can transfer the fund through

• RTGS

• NEFT / IMPS

• Clearing

• Funds transfer

….......................... is the initiative taken by RBI to reduce cheque related frauds.

• Positive Pay

• CTS

• Google Pay

• Razorpay

After getting his first Salary, Sourav has invested Rs.2000/- in a SIP and filled a NACH form. What is the activation time for NACH?

• 15 days

• 25 days

• 10 days

• 30 days

On the ocassion of her birthday, Shreya's aunt  Piya wants to send her Rs.5000/- as birthday gift. Piya asked Shreya to share her VPA, so that she can transfer the money. Through which mode Piya will transfer the money?

• UPI

• NEFT

• RTGS

• Phone Banking

National Financial Switch…...........................all ATMs in the country.

• Differntiate

• Open

• Interconnects

• Close

…................allows payment to merchants using Aadhar Card and finger print authentication.

• BHIM Aadhar Pay

• UPI

• IMPS

• BBPS

Pupose of Digital Channels is to improve…..

• Cost, cash,   power,  channel

• Time, Date,Power , Experience,

• channel, chain,cost, service

• Cost, Control, Convenience, Customer Experience

NPCI was initiated by

• IDBI and SBI

• RBI & IBA

• SIDBI & RBI

• Government of India

Under CTS, Cheques are cleared in

• T+1

• T+2

• T+3

• Same Day