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

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

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

4. Bank does not provide loans for
a.
b.
c.
d.

5. 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.

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

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

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

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

10. 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.

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

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

13. RTGS stands for
a.
b.
c.
d.

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

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

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

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

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

19. 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.

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

21. 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.

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

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

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

25. 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.