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. National Automated Clearing House (NACH) has been launched for
a.
b.
c.
d.

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

3. 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.
b.
c.
d.

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

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

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

7. Internet banking refers to
a.
b.
c.
d.

8. Can an illiterate person be issued a debit card?
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. KYC means
a.
b.
c.
d.

11. 'Smart Money' is a term used for
a.
b.
c.
d.

12. 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.
b.
c.
d.

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

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

15. Telebanking service is based on
a.
b.
c.
d.

16. 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.

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

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

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

20. RTGS stands for
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. Interest on Savings Bank Deposits is paid
a.
b.
c.
d.

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

24. The best alternative banking service to branch banking to be the part of financial inclusion?
a.
b.
c.
d.

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