1. UPI is developed by NPCI.
A) True
B) False
Correct Answer: True
Explanation : UPI Stands for Unified Payments Interface. UPI is developed by NPCI(National Payments Corporation of India).
2. While making card payment for online transactions, you are asked the CVV number written on the card.
A) True
B) False
Correct Answer: True
Explanation : CVV Stands for Card Verification Value.
3. Bank of India launched the first bank credit card in 1980.
A) True
B) False
Correct Answer: False
Explanation : Central Bank of India launched the first bank credit card in 1980.
4. The full form of CVV is ______ .
A) Character verify value
B) Cash verification value
C) Card verification value
D) Call verification value
Correct Answer: Card verification value
Explanation : The full form of CVV is Card verification value .
5. Interest is paid on savings deposits by the bank.
A) Yearly
B) Quarterly
C) Half yearly
D) Every month
Correct Answer: Half yearly
Explanation : Interest is paid on savings deposits by the bank. - Half yearly
6. What is the full name of UIDAI?
A) Unique identification authorify of india
B) Uniun Identification authority of india
C) Unique indentification Authority india
D) None of these
Correct Answer: Unique identification authorify of india
Explanation : UIDAI stands for Unique identification authorify of india.
7. CVV means Card Verification Value, it is on credit and debit cards.
A) True
B) False
Correct Answer: True
Explanation : CVV means Card Verification Value, it is on credit and debit cards. - True
8. Which of the following is a method of transferring funds through the Internet?
A) MICR
B) RTGS
C) NEFT
D) Core Banking
Correct Answer: NEFT
Explanation : NEFT is a system to transfer funds through internet. Stands for National Electronic Funds Transfer .
9. What is the income tax bridge related to?
A) Finance Ministry
B) Income Tax Department
C) Both A and B
D) None
Correct Answer: Income Tax Department
Explanation : Income Tax Department is related to Income Tax Setu.
10. How much money can be sent through BHIM UPI in a day?
A) 50 thousand
B) 15 lakh
C) 10 lakh
D) 1 lakh
Correct Answer: 1 lakh
Explanation : 1 lakh can be sent by BHIM UPI in a day.
11. What is the full name of QR Code?
A) Quality Responce Code
B) Quick Responce Card
C) Quick Response Code
D) None
Correct Answer: Quick Response Code
Explanation : QR stands for Quick Response Code.
12. AePS allow the banking transaction?
A) Balance enquiry
B) Cash withdrawal
C) Cash deposit
D) All of the above
Correct Answer: All of the above
Explanation : Aadhaar Enabled Payment System(AEPS) is a system that enables to carry out transactions through Aadhaar based authentication. AePS allow the banking transaction like Balance enquiry, Cash withdrawal, Cash deposit, Aadhaar to Aadhaar Fund Transfer and Mini Statement.
13. How much loan can be availed under Pradhan Mantri Mudra Yojana?
A) Rs.150000
B) Rs.1000000
C) Rs.1500000
D) Rs.2000000
Correct Answer: Rs.1000000
Explanation : Rs.1000000loan can be obtained under Pradhan Mantri Mudra Yojana.
14. Different elements of a cell do not have different transitions?
A) True
B) False
Correct Answer: True
Explanation : Different elements of a cell do not have different transitions - True
15. You can avail USSD services by dialing *99#.
A) True
B) False
Correct Answer: True
Explanation : You can avail USSD services by dialing *99#. - True