Digital Banking is a comfortable online banking platform which is also safe and integrates the banking services and digital technologies. Currently, there are a lot of digital platforms available for most of the banks. And understanding of this is important for Banking and other competitive examinations. So, in this article aspirants can attempt a Digital Banking Awareness Quiz.
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Digital Banking Awareness Questions With Answers
1. Which of the following is not true about the National Electronic Funds Transfer (NEFT) system?
A) There is no limit on transaction through NEFT
B) NEFT operates in hourly batches.
C) NEFT is a payment system that facilitates one-to-one funds transfer.
D) Only bank branches that are NEFT enabled can be a part of the NEFT funds transfer network.
E) All of the above are correct
Answer: Option B
2. Which of the following is the helpline number to address consumer queries on digital payments?
A) 15555
B) 14444
C) 18888
D) 19999
Answer: Option B
3. RuPay is a brand of __________.
A) EMV
B) NPCI
C) RBI
D) GoI
Answer: Option B
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4. Name the product developed by NPCI for National Electronic Toll Collection (NETC)?
A) LANE
B) FASTag
C) NATag
D) ONTag
Answer: Option B
5. The mobile app BHIM supports accounts
A) Current Account
B) Savings Bank Account
C) Only B
D) Both A and B
Answer: Option D
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6. The headquarters of National Payments Corporation of India (NPCI) is at _____
A) Mumbai
B) Cochin
C) Chennai
D) Delhi
Answer: Option A
7. Which of the given below is/are a Smartphone App built using the UPI interface?
A) BHIM
B) IMPS
C) Both of these
D) None of these
Answer: Option A
8. In QSAM, Q stands for
A) Queue
B) Query
C) Quantity
D) None of these
Answer: Option B (Query Service on Aadhaar Mapper)
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9. With which of the following banks did the PhonePe, a Flip kart Group company, launched India’s first UPI (Unified Payments Interface) based mobile payments app?
A) Yes Bank
B) ICICI Bank
C) Bank of Baroda
D) United Bank of India
Answer: Option A
10. Which of the following is NOT true about Unified Payments Interface (UPI)?
A) UPI is an instant payment system developed by the National Payments Corporation of India (NPCI).
B) All payments are instant and take place in banking hours, through UPI.
C) Under UPI person will have a single identity and password for using multiple bank accounts.
D) UPI is based on the Immediate Payment Services (IMPS) infrastructure.
E) All of the above are correct.
Answer: Option B
11. What is the full form of MMID?
A) Mobile Money Identifier
B) Money Massage Identity
C) Mobile Message Identifier
D) Mobile Money Interface
Answer: Option A
12. At any point of time the maximum value in PPIs for credit of cross border inward remittance shall not exceed
A) Rs. 75000
B) Rs. 50000
C) Rs. 30000
D) None of these
Answer: Option B
13. Which among the given is an interoperable transport card conceived by the Ministry of Urban Development association with the National Payments Corporation of India (NPCI)?
A) Unified Payment Interface
B) Bharat Bill Payment System
C) National Common Mobility Card
D) None of these
Answer: Option C
14. In BHIM Baroda Pay, what is the full form of BHIM?
A) Bharat Intensive Mobility
B) Bharat Interface for Money
C) Bharat Intercom for Message
D) Bharat Intercom for Money
Answer: Option B
15. The maximum amount of each prepaid gift instrument should not exceed __________ Rupees.
A) Rs. 10000
B) Rs. 15000
C) Rs. 20000
D) Rs. 30000
Answer: Option C
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