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Digital Banking Awareness Quiz – Attempt Mock Test Here

by Uma Varier
October 9, 2020
in Articles, Banking Quiz, Current Affairs
Digital Banking Awareness Quiz
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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.

Freely attempt Banking Awareness Quiz Online.

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Weekly Current Affairs Notes for All Upcoming Competitive Examinations.

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

Top Current Affairs Quiz 2020-Attempt Now!

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)

Attempt more Mock Tests and ace your preparations.

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

English Vocabulary Quiz.

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

Banking Awareness Quiz 2020.

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

Practice more Banking Awareness Questions-Digital Banking Quiz.

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Practice the latest mock tests on Current Affairs, Quantitative Aptitude, Reasoning, and English Language. Entri App provides Daily Current Affairs notes, subject-wise notes, online previous year question papers, and full-length tests. Free online tutorials for important topics taken by the excellent faculties. Candidates can refer the videos for preparation thereby improve the speed and accuracy while solving the question paper.

Practice more quizzes for Static GK and Current Affairs in the Entri App.

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Uma Varier

Uma Varier

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