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Digital Banking

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

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….........

a)

Core Banking

b)

RTGS

c)

NEFT

d)

IMPS

2.

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

a)

RTGS

b)

NEFT / IMPS

c)

Clearing

d)

Funds transfer

3.

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

a)

Positive Pay

b)

CTS

c)

Google Pay

d)

Razorpay

4.

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?

a)

15 days

b)

25 days

c)

10 days

d)

30 days

5.

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?

a)

UPI

b)

NEFT

c)

RTGS

d)

Phone Banking

6.

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

a)

Differntiate

b)

Open

c)

Interconnects

d)

Close

7.

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

a)

BHIM Aadhar Pay

b)

UPI

c)

IMPS

d)

BBPS

8.

Pupose of Digital Channels is to improve…..

a)

Cost, cash,   power,  channel

b)

Time, Date,Power , Experience,

c)

channel, chain,cost, service

d)

Cost, Control, Convenience, Customer Experience

9.

NPCI was initiated by

a)

IDBI and SBI

b)

RBI & IBA

c)

SIDBI & RBI

d)

Government of India

10.

Under CTS, Cheques are cleared in

a)

T+1

b)

T+2

c)

T+3

d)

Same Day

11.

Shriyan is booking movie ticket from Book My Show , which interface is he using ?

a)

PPI

b)

UPI

c)

API

d)

Bhim UPI

12.

Neeta's bank is far from her house. She is taking the help of biometric and bank correspondent for cash withdrawal. Which payment method is being used

a)

UPI

b)

USSD

c)

UPI123

d)

AEPS

13.

Bharat QR is developed by _________ along with ___ , _____, __________ .

a)

.RBI , Visa , MasterCard , American Expreses. 

b)

NPCI , RBI , SEBI , IBRDT 

c)

NPCI , Visa , MasterCard , American Expreses. 

d)

IBRDT , Visa , MasterCard , American Expreses. 

14.

___________ is the enhanced version of ECS. 

a)

NACH

b)

RECS

c)

NECS

d)

NETC

15.

Rahul wants to deposit cash on Sunday in his account on urgent basis. Which option he will use? 

a)

MFK

b)

CDM

c)

SSPBP Kiosk

d)

ATM Machine

16.

Raunak transferred Rs. 5000/- to his friend  through IMPS using MMID(Mobile Money Identifier). MMID is a…....digit number.

a)

7

b)

9

c)

11

d)

15

17.

As paper based instruments occupy an important place in the country , RBI   introduced _______________ technology for speeding up and bringing efficiency in the clearing. 

a)

CTS

b)

MICR

c)

CBS

d)

UPI

18.

Sarita has a Nokia 1100. She can dial _______________ to avail banking services on her phone. 

a)

99

b)

*99#

c)

#99*

d)

#99#

19.

Mudit wants to transfer Rs 25 lacs to his brother's account in Yes Bank. What are the available payment options through which he can make the transfer?

a)

RTGS and NEFT

b)

IMPS

c)

UPI

d)

NACH

20.

Shyam's grandfather is having account with IDBI Bank. He wants to update his passbook on Sunday evening on urgent basis. What he will do now?

a)

Update via MFK

b)

Update via CDM

c)

Update via SSPBP Kiosk

d)

Wait till Monday .