Which of the following is not a direct benefit of linking of Aadhaar to the bank account of the customer?
IIBF Exam 88-100

Quiz
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Education
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Professional Development
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Easy
Diwakar Tiwary
Used 5+ times
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13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Serves as Identity and address proof to enable banking transactions.
Bank account can be opened through the electronic mode.
Facilitates the quick processing and sanction of credit facilities.
Enables credit of Government subsidy/ benefit schemes directly to account.
2.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Which one of the technologies is associated with “Anytime, Anywhere” banking?
Foreign banking network.
Private banking network.
Systems Banking space.
Core banking solution.
3.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
A debit card can be used for __________
(i) Cash withdrawal at ATM.
(ii) For Payment to a merchant through Point of Sales device.
(iii) For Online shopping payments.
(i) and (ii) only
(ii) and (iii) only
(i), and (iii) only
(i), (ii) and (iii)
4.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Immediate Payment Service is available _________
For 24 hour's on all working days.
all the time.
For 24 hour except on Sundays.
For 12 hours on all working days.
5.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
A charge card is similar to a _______
Stored value card
Prepaid card.
Credit card.
Debit card.
6.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Which one of the following categories is not a type of Prepaid Payment instrument?
Semi- open
Closed
Semi closed
Open
7.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Which of the following types of transactions are supported by micro ATM's with BCs?
Deposit, withdrawal, Fund transfer and balance inquiry.
Deposit, Fund transfer, lockers and balance inquiry.
Deposit, withdrawal, Fund transfers and loan inquiry.
Deposit, lending, fund transfer and balance inquiry
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