QUIZ ON : INFORMATION TECHNOLOGY TOOLS AND NETWORK BASIS - DIGITAL FINANCIAL TOOLS AND APPLICATIONS

DIGITAL FINANCIAL TOOLS AND APPLICATIONS

00:00:00

Bank pays interest on

Option A. None of the options
Option B. Deposits
Option C. Both deposits & loans
Option D. Loans
True Answer B

Explanation :

Bank pays interest on

Question No# : 01 out of 20

Aadhar is-

Option A. 12 digit number card
Option B. None of the options
Option C. Both 12 digit number card & Identity proof issued by UIDAI
Option D. Identity proof issued by UIDAI
True Answer C

Explanation :

Aadhar is-

Question No# : 02 out of 20



Under PMSBY, accidental death claim is available for:

Option A. Rs.1 lac
Option B. Rs.2 lac
Option C. Rs.3 lac
Option D. None of above
True Answer B

Explanation :

Under PMSBY, accidental death claim is available for:

Question No# : 03 out of 20



Bank does not provide loans for

Option A. Crop loans
Option B. Education loans
Option C. Home loans
Option D. Drinking & Gambling
True Answer D

Explanation :

Bank does not provide loans for

Question No# : 04 out of 20



Gold and silver ornaments should be kept in bank lockers

Option A. It is safe
Option B. No risk of theft
Option C. Both (a) & (b)
Option D. None of above
True Answer C

Explanation :

Gold and silver ornaments should be kept in bank lockers

Question No# : 05 out of 20



Upon detection of a counterfeit note at the counter, Bank

Option A. Returns the note to the customer
Option B. Exchange with a genuine Note
Option C. Deposit in Account
Option D. Impound the Note and issue receipt
True Answer D

Explanation :

Upon detection of a counterfeit note at the counter, Bank

Question No# : 06 out of 20



If locker rent is not paid, Bank can

Option A. seal the locker
Option B. stop operation of locker
Option C. break open the locker after giving suitable notice
Option D. All of above
True Answer D

Explanation :

If locker rent is not paid, Bank can

Question No# : 07 out of 20



General insurance is related to which insurance

Option A. The fire
Option B. theft
Option C. Bump
Option D. All of the above
True Answer D

Explanation :

General insurance is related to which insurance

Question No# : 08 out of 20



Which bank has the largest area (Branches)?

Option A. SBI
Option B. ICICI
Option C. BOB
Option D. RBI
True Answer A

Explanation :

Which bank has the largest area (Branches)?

Question No# : 09 out of 20



Payment of cheque can be stopped by

Option A. Beneficiary
Option B. Nominee
Option C. Drawer of cheque
Option D. All of above
True Answer C

Explanation :

Payment of cheque can be stopped by

Question No# : 10 out of 20



What is Direct Benefit Transfer (DBT)?

Option A. Cash discount on items
Option B. Remittances through banks
Option C. Direct Benefit Transfer of beneficiaries of Social Benefit / Subsidy
Option D. None of the these
True Answer C

Explanation :

What is Direct Benefit Transfer (DBT)?

Question No# : 11 out of 20



The secure electronic transaction Protocol is used for which type of payment

Option A. Credit card
Option B. NEFT
Option C. Cheque
Option D. All of the above
True Answer A

Explanation :

The secure electronic transaction Protocol is used for which type of payment

Question No# : 12 out of 20

What does N mean in UMANG App?

Option A. New - Age
Option B. National
Option C. New
Option D. None
True Answer A

Explanation :

What does N mean in UMANG App?

Question No# : 13 out of 20



OTP is used?

Option A. secure login
Option B. Secure money transfer
Option C. Secure online transactions
Option D. All of the above
True Answer D

Explanation :

OTP is used?

Question No# : 14 out of 20



What is the minimum amount required for opening a Basic Savings Bank Account?

Option A. Rs. 100/-
Option B. No Minimum Amount Required
Option C. Rs. 1000/-
Option D. Rs. 500/-
True Answer B

Explanation :

What is the minimum amount required for opening a Basic Savings Bank Account?

Question No# : 15 out of 20



What is Aadhar?

Option A. 12 Digit Number
Option B. Identity Card
Option C. 12 Digit Number and Identity Card
Option D. None of these
True Answer C

Explanation :

What is Aadhar?

Question No# : 16 out of 20



What is the charge for transfer between ₹ 200000 to ₹ 500000?

Option A. 25
Option B. 15
Option C. 5
Option D. 20
True Answer A

Explanation :

What is the charge for transfer between ₹ 200000 to ₹ 500000?

Question No# : 17 out of 20



What does EFT stand for?

Option A. Electronic Financial Transfer
Option B. Electronic Funds Transfer
Option C. Electric Finance Transfer
Option D. Electric Fund Transfer
True Answer B

Explanation :

What does EFT stand for?

Question No# : 18 out of 20



Full form of DFS is

Option A. Dynamic Financial Scheme
Option B. Digital Financial Services
Option C. Digital Founds scheme
Option D. Double Finance services
True Answer B

Explanation :

Full form of DFS is

Question No# : 19 out of 20



Bank charges interest on

Option A. Deposits
Option B. Loans
Option C. Both (a) & (b)
Option D. None of above
True Answer B

Explanation :

Bank charges interest on

Question No# : 20 out of 20