Digital banking mcqs::
Q1.The situation of reading of a data by someone other than the intended recipient is referred to as:
a: impersonation b:eavesdropping *c: data alteration d: denial-of service attack
Q2.Hot listing of Credit card means:
a enhancement of amount of limit in the card ,b blocking the operations of the card,* creducing the amount of limit in the card d listing the card on more than one network, e. none of the above
Q3.In a MICR cheque, which of the following code does not match the 'description:
a. first 6-digit code - cheque number, b central 09-digit code — city, bank and branch code
c. last 2-digit code — transaction code such as saving or current account, d none of the above*
Q4.The electronic system through which a company or a mutual fund can make payment of dividend to a large number of
shareholders or unit-holders: a MICR b truncation c debit clearing system, d credit clearing system*
Q5.The committee that suggested the cheque truncation system for inter-bank transactions:
a Rangarajan Committee b Shere Committee, c Vasudevan Committee d Saraf Committee*, e. None
Q6.The committee that gave its recommendation for drawing a perspective plan of computerization for the period 1990-94 : a.
Shere Committee, b Narasimham Committee, c. Rangarajan Committee *d Saraf Committee
Q7.The process of transformation of a message into an incomprehensible data through use of mathematical algorithms is
called:a deciphering, b encryption*, c decryption, d coding e.decoding
Q8.The firewall technology is used in connection with:
a hardware safety, b physical safety from fire c authorised access d human safety from fire
e. Protection of computer network from intrusion by hackers*
Q9.Single credit and multiple debits, is the process, in respect of which of the following:
a RTGS b NEFT c ECS-Debit* d ECS-Credit
Q.10 Single debit and multiple credits, Is the process, In respect of which of the following:
a RTGS b NEFT c ECS-Debit d ECS-Credit*
Q.11 Under Money Transfer Service Scheme (MTSS), what is the maximum amount of single inward foreign currency remittance?
(a).USD 10000 (b).USD 5000 (c).USD 2500` (d).USD 1000
Q.12 Under Money Transfer Service Scheme (MTSS), the disbursement in INR cash can be made to beneficiary for an amount up
to: (a).Rs.1 lac (b).Rs.50000` (c). Rs.25000 (d).cash payments are not allowed
Q.13 The prepaid instruments can be issued as (1) smart cards or magnetic stripe cards, (2) internet accounts or internet wallets,
(3) mobile accounts or mobile wallets (4) paper vouchers, which can be used to access the pre-paid amount:
(a) only 1 (b) 1 and 3 only (c) 1 to 3 only (d) 1 to 4 all*
Q.14 The maximum validity period of PPI in the form of Gift instrument can be:
(a) 6 months (b) 12 months (c) 3 years* (d) at discretion of the issuer
Q.15 The minimum validity period of PPI other than in the form of Gift instrument can be:
(a) 6 months *(b) 12 months (c) 3 years (d) at discretion of the issuer
Q16.Up to Rs.___ PPI can be issued by accepting official valid document (OVD) subject to compliance of other conditions:
(a) Rs.10000 (b) Rs.25000 (c) Rs.50000* (d) Rs.1 lac
Q.17 Universal set of standards and guidelines for communication by EDI is called: EDIFACT.
Q.18 Which bank has max share in INFINO PAYTECH Ltd : ICICI Bank
19. NEFT maximum amount: no limit
20. Computer Security Day is observed on : 30th November
21. Maximum compensation by Banking Ombudsman in case of Credit Card : Rs.1 lac
22. Encryption means: Conversion of plain language into secret language, i.e., coding and The extent of coverage under
CGTMSE for Micro units up to Rs 5 lacs is ______: 85% with maximum amount of claim upto Rs 4.25 lacs.
23. E-sahyog portal: by Income Tax
24. Maximum RTGS Charge for Rs.2 lac to 5 lac: Rs.30.00 + service tax
25. What is the maximum amount of fees chargeable if more than 5 transactions are done in a month at other bank’s ATM: Rs
20 per transaction
26. Application under ASBA can be applied for: a) IPO b) Right Issue c) Mutual fund: Ans: All of these.
27. Name the portal that has been launched by the Confederation of All India Traders (CAIT) to promote business-to-business
and trader-to-customer e-commerce transactions and reduce costs. (E-Lala)
28. Name India’s first Social mobile wallet launched by Transerv, a leading digital payments company.
29. Name the programme launched by online market place BankBazaar.com to help the flood affected citizens of Chennai.
(‘One Loan Two Homes’)
30. Buy Now, Pay Later what type of card: Credit Card
https://iibfadda.blogspot.com/2018/06/digital-banking-mcqs.html?m=1
Q1.The situation of reading of a data by someone other than the intended recipient is referred to as:
a: impersonation b:eavesdropping *c: data alteration d: denial-of service attack
Q2.Hot listing of Credit card means:
a enhancement of amount of limit in the card ,b blocking the operations of the card,* creducing the amount of limit in the card d listing the card on more than one network, e. none of the above
Q3.In a MICR cheque, which of the following code does not match the 'description:
a. first 6-digit code - cheque number, b central 09-digit code — city, bank and branch code
c. last 2-digit code — transaction code such as saving or current account, d none of the above*
Q4.The electronic system through which a company or a mutual fund can make payment of dividend to a large number of
shareholders or unit-holders: a MICR b truncation c debit clearing system, d credit clearing system*
Q5.The committee that suggested the cheque truncation system for inter-bank transactions:
a Rangarajan Committee b Shere Committee, c Vasudevan Committee d Saraf Committee*, e. None
Q6.The committee that gave its recommendation for drawing a perspective plan of computerization for the period 1990-94 : a.
Shere Committee, b Narasimham Committee, c. Rangarajan Committee *d Saraf Committee
Q7.The process of transformation of a message into an incomprehensible data through use of mathematical algorithms is
called:a deciphering, b encryption*, c decryption, d coding e.decoding
Q8.The firewall technology is used in connection with:
a hardware safety, b physical safety from fire c authorised access d human safety from fire
e. Protection of computer network from intrusion by hackers*
Q9.Single credit and multiple debits, is the process, in respect of which of the following:
a RTGS b NEFT c ECS-Debit* d ECS-Credit
Q.10 Single debit and multiple credits, Is the process, In respect of which of the following:
a RTGS b NEFT c ECS-Debit d ECS-Credit*
Q.11 Under Money Transfer Service Scheme (MTSS), what is the maximum amount of single inward foreign currency remittance?
(a).USD 10000 (b).USD 5000 (c).USD 2500` (d).USD 1000
Q.12 Under Money Transfer Service Scheme (MTSS), the disbursement in INR cash can be made to beneficiary for an amount up
to: (a).Rs.1 lac (b).Rs.50000` (c). Rs.25000 (d).cash payments are not allowed
Q.13 The prepaid instruments can be issued as (1) smart cards or magnetic stripe cards, (2) internet accounts or internet wallets,
(3) mobile accounts or mobile wallets (4) paper vouchers, which can be used to access the pre-paid amount:
(a) only 1 (b) 1 and 3 only (c) 1 to 3 only (d) 1 to 4 all*
Q.14 The maximum validity period of PPI in the form of Gift instrument can be:
(a) 6 months (b) 12 months (c) 3 years* (d) at discretion of the issuer
Q.15 The minimum validity period of PPI other than in the form of Gift instrument can be:
(a) 6 months *(b) 12 months (c) 3 years (d) at discretion of the issuer
Q16.Up to Rs.___ PPI can be issued by accepting official valid document (OVD) subject to compliance of other conditions:
(a) Rs.10000 (b) Rs.25000 (c) Rs.50000* (d) Rs.1 lac
Q.17 Universal set of standards and guidelines for communication by EDI is called: EDIFACT.
Q.18 Which bank has max share in INFINO PAYTECH Ltd : ICICI Bank
19. NEFT maximum amount: no limit
20. Computer Security Day is observed on : 30th November
21. Maximum compensation by Banking Ombudsman in case of Credit Card : Rs.1 lac
22. Encryption means: Conversion of plain language into secret language, i.e., coding and The extent of coverage under
CGTMSE for Micro units up to Rs 5 lacs is ______: 85% with maximum amount of claim upto Rs 4.25 lacs.
23. E-sahyog portal: by Income Tax
24. Maximum RTGS Charge for Rs.2 lac to 5 lac: Rs.30.00 + service tax
25. What is the maximum amount of fees chargeable if more than 5 transactions are done in a month at other bank’s ATM: Rs
20 per transaction
26. Application under ASBA can be applied for: a) IPO b) Right Issue c) Mutual fund: Ans: All of these.
27. Name the portal that has been launched by the Confederation of All India Traders (CAIT) to promote business-to-business
and trader-to-customer e-commerce transactions and reduce costs. (E-Lala)
28. Name India’s first Social mobile wallet launched by Transerv, a leading digital payments company.
29. Name the programme launched by online market place BankBazaar.com to help the flood affected citizens of Chennai.
(‘One Loan Two Homes’)
30. Buy Now, Pay Later what type of card: Credit Card
https://iibfadda.blogspot.com/2018/06/digital-banking-mcqs.html?m=1
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