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Federal bank PO/Clerk job is one of the dream jobs for most candidates who are looking for a career in the banking sector. Candidates who plan to appear for the federal bank recruitment must be prepared for the tests conducted by the bank. This blog will help you with the most important digital banking questions for federal bank PO/Clerk that might appear in the exam.
Digital Banking Questions for Federal Bank Exam
Given below are some digital banking questions for Federal Bank PO/Clerk:
1. …………. is the first-of-its-kind domestic Card payment network of India, with wide acceptance at ATMs, POS devices and e-commerce websites across India and fulfils RBI’s vision of initiating a ‘less cash’ economy.
A) IMPS
B) NACH
C) RuPay
D) BHIM
E) UPI
2. Maximum limit of each e-RUPI shall not exceed INR …………….. or as defined by regulator.
A) 60,000
B) 10,000
C) 50,000
D) 30,000
E) 20,000
3. A Digital Banking Segment, for the purpose of disclosure under Accounting Standard …………………., is a sub-segment of the existing ‘Retail Banking’ Segment which will now be sub-divided into Digital Banking and Other Retail Banking.
A) AS 22
B) AS 10
C) AS 15
D) AS 17
E) AS 12
4. Paytm, Freecharge, Mobikwik, Oxigen, mRuppee, Airtel Money are example of which of the following mentioned below ?
A) mobile wallet
B) Aadhaar Enabled Payment System
C) USSD
D) Point of Sale (PoS)
E) Banking cards
5. Which of the following facts related to the ‘DigiSaathi’- 24×7 Helpline for information on Digital Payments is not true ?
A) DigiSaathi is set up by NPCI on behalf of a consortium of payment system operators and participants (banks & non-banks).
B) DigiSaathi will be accessible on WhatsApp for the customers to access all the information they need pertaining to digital payment products and services.
C) DigiSaathi is an automated response system that helps customers in addressing their queries related to multiple products and services under the payments system umbrella including Cards (Debit/Credit/ Prepaid), UPI, NEFT, RTGS, IMPS, AePS, NETC, BBPS, USSD, PPI Wallets, ATM, QR (UPI/Bharat), NACH, TReDs, CTS, MTSS, Mobile and Net banking.
D) DigiSaathi is available in English for customers wherein they can access information about any of the digital payment products and services.
E) DigiSaathi helps customers with their transaction-related queries, by guiding them and sharing the contact details of concerned banks/Institutions.
6. The Indian Premier League Governing Council (IPL GC) announced ……….., the flagship product of National Payments Corporation of India (NPCI) as an official partner for TATA IPL.
A) Bharat Bill Pay
B) RuPay
C) Autopay
D) IMPS
E) BHIM
7. NPCI International Payments Ltd (NIPL), the International arm of the National Payment Corporation of India has announced that BHIM UPI is now live at NEOPAY terminals, across ……………………
A) UAE
B) Bhutan
C) Canada
D) Germany
E) Japan
8. National Payments Corporation of India (NPCI) has approved an additional ………………….. million users on UPI for WhatsApp.
A) fifty five
B) fifty
C) sixty
D) twenty
E) thirty
9. Which Bank had been recognized as the Best Consumer Digital Bank in India by Global Finance Magazine’s World’s Best Digital Bank Awards, 2021 ?
A) IDFC FIRST Bank
B) Yes Bank
C) Axis Bank
D) ICICI Bank
E) HDFC Bank
10. MMID is a ……….. digit number allotted by your Bank for receiving funds through IMPS.
A) 9
B) 10
C) 7
D) 11
E) 15
Digital Banking Questions for Federal Bank Exam – Download PDF
1: What does the acronym "ATM" stand for in banking?
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