CUET 2026 MCQ Quiz on Banking Apps

CUET 2026 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

Please wait...

1. The money market in India consists of two sectors namely the organised and the unorganised sector. Which of the following do not fall under the unorganised sector?

a.Indigenous banks

b.LIC and GIC

c.RBI, commercial banks and SBI

d.Unit Trust of India

2. What is the validity period of the cheque?

a.3 months from date of issue

b.Unlimited

c.4 months from date of issue

d.1 month from date of issue

3. Bank does not provide loans for

a.Education Loans

b.Drinking and Gambling

c.Crop Loan

d.Home loand

4. Can an illiterate person be issued a debit card?

a.No

b.Yes

c.Only in case of joint account

d.Only in case he is head of famliy

5. Which type of deposits earns higher interest rate?

a.Fixed Deposit

b.None of these

c.Saving Account

d.Current account

6. Bank does not give loan against

a.Gold Ornaments

b.LIC Policy

c.Lottery Ticket

d.NSC

7. Which payment mode is used for making bulk payment of amounts?

a.NEFT

b.IMPS

c.RTGS

d.ECS Credit

8. Opening of maximum number of ATMs is an example of

a.Direct Marketing

b.Indirect Marketing

c.Social Marketing

d.All of these

9. What is the name given to the online payment services that all internet banking customers can use?

a.ECS

b.All of these

c.E pay

d.E-commerce

10. RTGS stands for

a.Real total Gross Securities

b.Real Time Gross Settlements

c.Relative Time Gross Settlements

d.Reduced Time Gross Settlements

11. Which is the card that looks like any other plastic card or an ATM card with Integrated Circuit (IC chip)?

a.Member Card

b.Smart Card

c.Charge Card

d.Credit Card

12. Many times we read a term CBS used in banking operations. What is the full form of the letter C in the term 'CBS'?

a.Credit

b.Core

c.Complete

d.Continous

13. The ATMs which are set up, owned and operated by non-banks are called

a.Blue Lable ATMs

b.None of these

c.White Label ATMs

d.Brown Label ATMs

14. What amount does a bank have to pay to customers for delays in re-crediting the amount beyond 7 working days in case of a failed ATM transaction?

a.Rs. 200

b.Rs. 500

c.Rs. 300

d.Rs. 100

15. ATM password should be kept in

a.Memory

b.Office Diary

c.Personal Diary

d.All of the above

16. 'Smart Money' is a term used for

a.FDRs in Banks

b.Credit Cards

c.Internet anking

d.Demand Drafts of banks

17. Block Chain Technology was created by

a.SBI

b.AXIS Bank

c.HDFC Bank

d.ICICI Bank

18. Interest on Savings Bank Deposits is paid

a.Quarterly

b.Half Yearly

c.Yearly

d.Every Month

19. Banks and other institutions have issued debt and credit cards, the purpose of both are

a.Different, since in debit cards interest for delayed period is charged while in credit cards no such interest is charged by banks

b.The same, there is a risk weight-age of 125% in both the cards.

c.The same, to make paperless payments

d.Different, since in credit card, the account is credited with the amount while in debit card the account is debited

20. Which currency note has security

a.Rs 50/-

b.All of the above

c.Rs. 100/-

d.Rs. 500/-

21. While making nomination, signature of nominee is required on

a.None of the above

b.Account opening Form

c.Affidavit

d.Nominaton form

22. Transferring money between banks for international wire transfers uses

a.IFSC Codes

b.BIC Codes

c.SWIFT Codes

d.MICR Codes

23. 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.SBI

b.IDRBT

c.IBRD

d.SIDBI

24. For credit cards, the MDR varies between

a.1.5-2 percent

b.1.5-2.5 percent

c.2-3 percent

d.2-2.5 percent

25. Bank draft is issued by

a.All of the above

b.Public Sector Banks

c.Private Sector Banks

d.Regional Rural Banks

26. Internet banking refers to

a.Operation of account through internet

b.Opening of account through ATM

c.None of the above

d.Both a and B

27. 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.All of the above

b.Point of sale terminal

c.Shopping terminal

d.Real time terminal

28. KYC means

a.Know your character

b.Know your customer

c.Both of the above

d.None of the above

29. Electronic Funds Transfer at Point of Sale involves funds transfers based on the use of

a.None of these

b.Debiti Cards

c.Both a and B

d.Credits Cards

30. Who can open a bank account?

a.Illiterate

b.All of above

c.Non Resident Indian

d.Indian Citizen

31. Which cryptocurrency has hit its highest level in 3 years following India's demonetisation?

a.UOI

b.USSD

c.Rupay

d.Bitcoin

32. Currently, banks claim that they have achieved 100% CBS. What are they referring to?

a.It means all their branches are technology driven with core banking solutions

b.All of the above

c.It is an indication of customized banking services

d.It suggests complete banking services

33. 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.Sensex

b.Visa

c.Max

d.BSE

34. As we all know, more and more countries/ organisations are now going for non- cash transactions and accordingly banks have launched many new products in the market for the same. Which of the following products is a non-cash transaction product?

a.All are non-cash transaction products

b.Only ATM Card

c.Only Prepaid Card

d.Only Credit Card

35. 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.Money

b.Mobile

c.Message

d.Marginal

36. E-commerce is increasingly becoming a popular mode of doing business. What is this way of operating?

a.Placing orders on the phones

b.Getting 30 days credit period for payment

c.Buying goods and services online from vendors

d.Payment has to be made in advance before goods/ services are delivered

37. Citi-Times card is an example of

a.Prepaid card

b.Smart Cards

c.Debit Cards

d.Co-branded cards

38. National Automated Clearing House (NACH) has been launched for

a.Clearing loans

b.Facilitating interbank electronic transactions

c.Both a and b

d.Clearing cheques

39. A 'Debit Card' is issued by a bank to

a.All customers of a bank

b.All customers having loan account with a bank

c.A bank customer who is income tax assesee

d.All customers having savings bank

40. Indian Financial System Code is used for

a.National Electric Funds Transfer

b.All of the above

c.Real Time Gross Settlement

d.Centralized Gunds Management System

41. All Inter-Bank Funds Transfer System, where funds are transferred as and when the transactions are triggered, is called

a.bill payment service

b.Internet banking

c.Mobile banking

d.Real time gross settlement

42. When we talk of smart money what are we referring to?

a.Foreign currency

b.Internet banking

c.Credit cards

d.Treasury bills

43. 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.Bank of India

b.Bank of Baroda

c.State Bank of India

d.Union Bank of India

44. Real time gross settlement benefits

a.The banks

b.Both a and b

c.The Customers

d.Reserve Bank of India

45. A-card stores and provides identification authentication, data storage and application processing applications

a.Credit Card

b.ATM Card

c.Smart Card

d.Debit Card

46. Telebanking service is based on

a.Online Banking

b.Voice Banking

c.Virtual Banking

d.Core Banking

47. In E-commerce what is meant by B2B?

a.All of the above

b.It suggests transactions between banks and capitalists

c.The deals between business to banks

d.It means trade between business to business

48. Which of the following is necessary to transfer funds through the RTGS facility?

a.All of the above

b.The IFSC number of the beneficiary's bank branch

c.There is a minimum amount specified for transfer

d.Beneficiary's bank account number

49. The best alternative banking service to branch banking to be the part of financial inclusion?

a.Giving Credit cards

b.Set-up ATMs

c.Establishment of Small Branches

d.Mobile Banking

50. Which of the following types of accounts is/are not applicable for free transactions at ATMs?

a.Saving Account

b.Basic Saving Bank Deposit Accounts

c.Both a and b

d.Current Account

CUET 2026 Banking Apps MCQ Question Answers for Competitive Exams

CUET 2026 MCQ Quiz on Banking Apps – Objective Question Answers on Banking Apps

Submit a Comment Cancel reply

General

CBSE School Lessons

Popular Pages