IIBF Exam 88-100

Which of the following is not a direct benefit of linking of Aadhaar to the bank account of the customer?

• 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.

Which one of the technologies is associated with “Anytime, Anywhere” banking?

• Foreign banking network.

• Private banking network.

• Systems Banking space.

• Core banking solution.

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)

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.

A charge card is similar to a _______

• Stored value card

• Prepaid card.

• Credit card.

• Debit card.

Which one of the following categories is not a type of Prepaid Payment instrument?

• Semi- open

• Closed

• Semi closed

• Open

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

There are ________ types of ATMs.

• Two (on-site and off site)                                                                                   

                              

• Three (on-site, off site and mobile)

• Four (on-site, off site, worksite and mobile)        

• Three (on-site, off site and worksite)

Financial education of customers is useful to the banks as it results in better ________

• Understanding among customers of both asset and liability products.

• Realisation among customers of the constraints faced by banks.

• Understanding among customers of asset products.

• Understanding among customers of risks.

A customer wishes to deposit Rs 2000/- at a customer contact point of a business correspondent (BC) the deposit receipt cannot be generated, through the transaction can be recorded in the device. How to solve this controversies?

• The BC should ask the customer to pay the amount to another customer who wants to withdraw Rs 2000/-.

• The BC should accept the deposit and send an SMS from his mobile to the customer’s registered mobile number.

• The BC should accept the deposit and give a handwritten deposit receipt to the customer.

• The BC should not accept the deposit at that time.