CUET 2023 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. What is the validity period of the cheque?
a.
b.
c.
d.

2. A 'Debit Card' is issued by a bank to
a.
b.
c.
d.

3. 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.

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

5. 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.
b.
c.
d.

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

7. In E-commerce what is meant by B2B?
a.
b.
c.
d.

8. Which of the following is necessary to transfer funds through the RTGS facility?
a.
b.
c.
d.

9. 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.

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

11. ATM password should be kept in
a.
b.
c.
d.

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

13. KYC means
a.
b.
c.
d.

14. For credit cards, the MDR varies between
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. E-commerce is increasingly becoming a popular mode of doing business. What is this way of operating?
a.
b.
c.
d.

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

18. Which type of deposits earns higher interest rate?
a.
b.
c.
d.

19. Who can open a bank account?
a.
b.
c.
d.

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

21. 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.
b.
c.
d.

22. 'Smart Money' is a term used for
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. Which payment mode is used for making bulk payment of amounts?
a.
b.
c.
d.

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