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