MCQ Quiz on Banking Apps – Objective Question Answers on Banking Apps

 
Banking Apps MCQs – Get MCQ Quiz on Banking Apps. Multiple Choice Questions (MCQs) Questions on Banking Awareness are asked in many competitive exams in their General Knowledge Section. Here we have compiled the MCQ Question on Banking Apps launched by various banks. Practice MCQ Quiz on Banking Apps
 


1. When we talk of smart money what are we referring to?
a.
b.
c.
d.

2. Citi-Times card is an example of
a.
b.
c.
d.

3. A-card stores and provides identification authentication, data storage and application processing applications
a.
b.
c.
d.

4. Which of the following banks has opened the country's first, 'Cash Factory' in Lucknow which will issue currency notes to all its branches and ATM in that area?
a.
b.
c.
d.

5. National Financial Switch' has been set- up to facilitate connectivity between the bank's switches and their ATMs and inter- bank payment gateway for authentication and routing the payment details of various e-commerce transactions. Which organisation has set-up this switch?
a.
b.
c.
d.

6. Opening of maximum number of ATMs is an example of
a.
b.
c.
d.

7. Can an illiterate person be issued a debit card?
a.
b.
c.
d.

8. Real time gross settlement benefits
a.
b.
c.
d.

9. The ATMs which are set up, owned and operated by non-banks are called
a.
b.
c.
d.

10. For credit cards, the MDR varies between
a.
b.
c.
d.

11. Currently, banks claim that they have achieved 100% CBS. What are they referring to?
a.
b.
c.
d.

12. Which is the card that looks like any other plastic card or an ATM card with Integrated Circuit (IC chip)?
a.
b.
c.
d.

13. Bank does not give loan against
a.
b.
c.
d.

14. o use smart cards/debit cards/credit cards for the purchase of an item or for payment of a service at a merchant's store/ the card has to be swiped in a terminal known as
a.
b.
c.
d.

15. Which of the following is a leading electronic payment technology firm? (The logo of the firm can be seen printed on credit cards/ ATM centres etc.
a.
b.
c.
d.

16. Electronic Funds Transfer at Point of Sale involves funds transfers based on the use of
a.
b.
c.
d.

17. What is the name given to the online payment services that all internet banking customers can use?
a.
b.
c.
d.

18. While making nomination, signature of nominee is required on
a.
b.
c.
d.

19. Block Chain Technology was created by
a.
b.
c.
d.

20. Which currency note has security
a.
b.
c.
d.

21. Which cryptocurrency has hit its highest level in 3 years following India's demonetisation?
a.
b.
c.
d.

22. All Inter-Bank Funds Transfer System, where funds are transferred as and when the transactions are triggered, is called
a.
b.
c.
d.

23. Lot of banks in India these days are offering M-Banking facility to their customers. What is the full form of M in M-Banking?
a.
b.
c.
d.

24. Banks and other institutions have issued debt and credit cards, the purpose of both are
a.
b.
c.
d.

25. Transferring money between banks for international wire transfers uses
a.
b.
c.
d.