CUET 2023 Banking Apps MCQ Question Answers for Competitive Exams

by | Mar 6, 2023 | General | 0 comments

 

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. 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.

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

3. 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.

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

5. Bank draft is issued by
a.
b.
c.
d.

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

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

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

9. 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.

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

11. Which of the following types of accounts is/are not applicable for free transactions at ATMs?
a.
b.
c.
d.

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

13. 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.

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.
b.
c.
d.

15. 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.

16. Which payment mode is used for making bulk payment of amounts?
a.
b.
c.
d.

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

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

19. Interest on Savings Bank Deposits is paid
a.
b.
c.
d.

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

21. E-commerce is increasingly becoming a popular mode of doing business. What is this way of operating?
a.
b.
c.
d.

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

23. 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.

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

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


 


 

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