-
question_answer1)
There is no requirement for the beneficiary to have a bank account for
A)
card less cash facility done
clear
B)
instant money transfer facility done
clear
C)
Insurance facility done
clear
D)
Immediate Payment Service done
clear
E)
MMID done
clear
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question_answer2)
For transacting at an ATM, the customer inserts (swipe) his card in the ATM and enters his
A)
Personal Identification Number done
clear
B)
Mobile Number done
clear
C)
Aadhaar Number done
clear
D)
Account number done
clear
E)
Cheque Number done
clear
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question_answer3)
India's first 'talking' ATM was launched by
A)
ICICI Bank done
clear
B)
United Bank of India done
clear
C)
Citi Bank done
clear
D)
SBI done
clear
E)
Union Bank of India done
clear
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question_answer4)
First Bank to introduce ATM in India was
A)
HSBC done
clear
B)
SBI done
clear
C)
CBI done
clear
D)
PNB done
clear
E)
UCO Bank done
clear
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question_answer5)
A 'Debit Card' is issued by a bank to
A)
all customers of a bank done
clear
B)
all customers having savings bank account with a bank done
clear
C)
all customers having loan account with a bank done
clear
D)
a bank customer who is income tax assesee done
clear
E)
all corporate Salary account holder done
clear
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question_answer6)
Machine, within or outside the bank premises that enables customers to conduct cash withdrawals and other specific banking transactions without the help of bank staff, is called
A)
Automated Teller Machine (ATM) done
clear
B)
PC done
clear
C)
internet done
clear
D)
intranet done
clear
E)
servers done
clear
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question_answer7)
A card stores and provides identification, authentication, data storage and application processing applications
A)
Debit Card done
clear
B)
Smart Card done
clear
C)
Credit Card done
clear
D)
ATM Card done
clear
E)
None of these done
clear
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question_answer8)
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)
Visa done
clear
B)
Max done
clear
C)
BSE done
clear
D)
Sensex done
clear
E)
SWAP done
clear
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question_answer9)
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)
Only ATM Card done
clear
B)
Only Credit Card done
clear
C)
Only Prepaid Card done
clear
D)
Only Debit Card done
clear
E)
All are non-cash transaction products done
clear
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question_answer10)
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)
Bank of India done
clear
B)
Bank of Baroda done
clear
C)
State Bank of India done
clear
D)
Union Bank of India done
clear
E)
None of these done
clear
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question_answer11)
Mini statement of account gives an insight into the last .........transactions of account.
A)
3 done
clear
B)
10 done
clear
C)
13 done
clear
D)
15 done
clear
E)
16 done
clear
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question_answer12)
A unique ......... and mobile number combination help in identifying the beneficiary's details.
A)
IMTF done
clear
B)
MMID done
clear
C)
IMPS done
clear
D)
NPCI done
clear
E)
MOTO done
clear
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question_answer13)
The participants for IMPS are
A)
Sender done
clear
B)
Receiver done
clear
C)
Banks done
clear
D)
NFS done
clear
E)
All of these done
clear
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question_answer14)
Range of ATM insurance policy
A)
Rs. 50000 to Rs. 5 lakh done
clear
B)
Rs. 50000 to Rs. 10 lakh done
clear
C)
Rs. 50000 to Rs. 20 lakh done
clear
D)
Rs. 5 lakh to Rs. 20 lakh done
clear
E)
Rs. 20 lakh to Rs. 30 lakh done
clear
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question_answer15)
......... do not have bank logo, as they are setup by non-banking entities.
A)
White label ATM's done
clear
B)
Online ATM's done
clear
C)
Onsite ATM's done
clear
D)
Offsite ATM's done
clear
E)
Stand Alone ATM's done
clear
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question_answer16)
Banks offers new card less cash facility called
A)
Cash-on-net done
clear
B)
Cash-on-deposit done
clear
C)
Cash-on-mobile done
clear
D)
Cash-on-services done
clear
E)
Cash-on-cash done
clear
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question_answer17)
IMPS is a past of mobile application. Customers can withdraw up to Rs. 5000 per day through cash-on-mobile. What is IMPS?
A)
Interbank Money Payment Services done
clear
B)
Intra Money Payment Services done
clear
C)
Intra Mobile Payment Services done
clear
D)
Interbank Mobile Payment Services done
clear
E)
Interbank Mini Payment Services done
clear
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question_answer18)
Aadhaar enabled basic types of banking transactions are
A)
Cash withdrawal done
clear
B)
Cash deposit done
clear
C)
Balance enquiry done
clear
D)
a and b done
clear
E)
All of these done
clear
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question_answer19)
The UIDAI is a central government agency of India which issues a
A)
10-digit unique identity number done
clear
B)
12-digit unique identity number done
clear
C)
14-digit unique identity number done
clear
D)
15-digit unique identity number done
clear
E)
20-digit unique identity number done
clear
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question_answer20)
The credit card can be used for purchase of goods and service through
A)
Interactive Voice Response (IVR) done
clear
B)
Recurring transactions done
clear
C)
Mail order telephone order done
clear
D)
All of the above done
clear
E)
None of the above done
clear
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question_answer21)
........... launched new green channel service.
A)
State Bank of India done
clear
B)
Union Bank of India done
clear
C)
UCO Bank done
clear
D)
Dena Bank done
clear
E)
Punjab National Bank done
clear
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question_answer22)
.......... ATM is provided for e-commerce.
A)
Orange Label done
clear
B)
Blue Label done
clear
C)
Yellow Label done
clear
D)
Purple Label done
clear
E)
Red Label done
clear
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question_answer23)
.......... has the largest ATM network.
A)
ICICI Bank done
clear
B)
SBI done
clear
C)
AXIS Bank done
clear
D)
HDFC Bank done
clear
E)
UCO Bank done
clear
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question_answer24)
Services available on the CDM is/are
A)
Pin change done
clear
B)
Balance enquiry done
clear
C)
Mini statement of account done
clear
D)
All of the above done
clear
E)
None of the above done
clear
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question_answer25)
Some of the salient features of Cash Deposit Machines are
A)
Paperless transaction done
clear
B)
The per transaction limit is Rs. 49900 done
clear
C)
Quick and convenient way to deposit cash done
clear
D)
All of the above done
clear
E)
None of the above done
clear
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question_answer26)
The benefit of ATMs for customers
A)
Provide 24 X 7 and 365 days a year service done
clear
B)
Provide error free service done
clear
C)
Allow privacy in transactions done
clear
D)
a and b done
clear
E)
All of the above done
clear
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question_answer27)
These ATMs are not connected to bank's data base
A)
Online ATMs done
clear
B)
Offline ATMs done
clear
C)
Brown Label ATMs done
clear
D)
Mobile ATM done
clear
E)
a and c done
clear
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question_answer28)
WLA ATMs are setup, owned and operated by
A)
Nationalised bank done
clear
B)
SBI done
clear
C)
Non-banks done
clear
D)
RBI done
clear
E)
Private bank done
clear
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question_answer29)
It works as women banking
A)
Pink label ATM done
clear
B)
Green label ATM done
clear
C)
Mobile ATM done
clear
D)
a and B done
clear
E)
None of these done
clear
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question_answer30)
NPCI launched India's first rural bank ATM card with a regional rural bank in
A)
Varanasi done
clear
B)
Delhi done
clear
C)
Thane done
clear
D)
Bengaluru done
clear
E)
Patna done
clear
View Solution play_arrow
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question_answer31)
It provides for Agricultural transaction
A)
Worksite ATM done
clear
B)
Green Label ATM done
clear
C)
Yellow Label ATM done
clear
D)
Orange Label ATM done
clear
E)
Black Label ATM done
clear
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question_answer32)
Choose the correct statement (s).
I. First Bank to introduce ATM in India was HSBC. |
II. ICICI was the first Bank to provide Mobile ATM. |
III. India's first non-bank owned ATM opens in Thane. |
Which of the above statement is/are correct?
A)
I and II done
clear
B)
II and III done
clear
C)
I and III done
clear
D)
I, and III done
clear
E)
None of these done
clear
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question_answer33)
PM Narendra Modi launched gold related schemes, namely
I. Gold Monetisation Scheme |
II. Sovereign Gold Bond Scheme |
III. Indian Gold Coins |
Codes
A)
Only II done
clear
B)
I and II done
clear
C)
I, II and III done
clear
D)
II and III done
clear
E)
Only III done
clear
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question_answer34)
Choose the correct statement(s) regarding bank card.
I. A bank card is typically a plastic card. |
II. Bank card performs one or more of a number of services. |
III. Bank card issued by a retail chain to its clients. |
Codes
A)
I and II done
clear
B)
II and III done
clear
C)
I, II and III done
clear
D)
I and III done
clear
E)
None of these done
clear
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question_answer35)
Choose the correct statement(s).
I. The PIN is not printed or embedded on the card. |
II. The PIN is manually entered by the cardholder during ATM. |
III. The PIN is a numeric password. |
Which of the above statement is/are correct?
A)
Only II done
clear
B)
I, II and III done
clear
C)
I and II done
clear
D)
II and III done
clear
E)
I and III done
clear
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question_answer36)
Which of the following is the limitation of the ATMs owing to which people are required to visit branches of the bank?
I. It does not accept deposits. |
II. It has a limited cash disbursement capacity. |
III. Lack of human interface. |
Select the correct answer using the codes given below
A)
Only I done
clear
B)
Only II done
clear
C)
Only III done
clear
D)
III, II and I done
clear
E)
None of these done
clear
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question_answer37)
In addition to cash dispensing ATMs may have many services/facilities such as
I. Account information |
II. Cash Deposit |
III. Regular bills payment |
IV. Mini/Short Statement |
Codes
A)
I, II and III done
clear
B)
II, III and IV done
clear
C)
I, II, III and IV done
clear
D)
II and III done
clear
E)
I and IV done
clear
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question_answer38)
A centralised database with online connectivity to branches. Internet as well as ATM network which has been adopted by almost all major banks of our country is known as [IBPS Clerk 2011]
A)
Investment banking done
clear
B)
Core banking done
clear
C)
Mobile banking done
clear
D)
National banking done
clear
E)
Specialised banking done
clear
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question_answer39)
Which of the following is known as Plastic Money? [Indian Overseas Bank 2011]
I. Demand Draft |
II. Credit Card |
III. Debit Card |
Select the correct answer using the codes given below
A)
Only I done
clear
B)
Only II done
clear
C)
Only III done
clear
D)
Both II and III done
clear
E)
All of these done
clear
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question_answer40)
The term 'Plastic money' refers to [SBI Associates 2012]
A)
ATM/Credit Cards done
clear
B)
Plastic Coated Currency Notes done
clear
C)
Foreign Currency Notes done
clear
D)
Travellers' Cheque done
clear
E)
None of the above done
clear
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question_answer41)
The Abbreviation 'UIDAF stands for [SBI Associates 2012]
A)
Unique Identification Division of All India done
clear
B)
Unique Identification Department of Ancient India done
clear
C)
Unique Identity Division of Ancient India done
clear
D)
Unique Identification Authority of India done
clear
E)
None of the above done
clear
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question_answer42)
It is mandatory to quote the following identification number on all large value financial transactions [SBI Associates 2012]
A)
PAN number done
clear
B)
Voter ID done
clear
C)
PIN done
clear
D)
Ration Card number done
clear
E)
Phone number done
clear
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question_answer43)
A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known as [IBPS PO 2013]
A)
Universal Banking done
clear
B)
Indirect Bank done
clear
C)
Door Step Bank done
clear
D)
A Direct Bank done
clear
E)
Unit Banking done
clear
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question_answer44)
The concept of 'Micro Credit' essentially concentrates on [IBPS PO 2013]
A)
consumption smoothening as and when needed done
clear
B)
providing safe place to hold savings done
clear
C)
accepting deposits done
clear
D)
provision of credit to the poor done
clear
E)
facility to transfer money done
clear
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question_answer45)
The Aadhaar Enabled Payment System (AEPS) is a bank-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar enabled basic types of banking transactions do 'not? include [IBPS PO 2013]
A)
Aadhaar to Aadhaar funds transfer done
clear
B)
Small overdraft facility done
clear
C)
Cash withdrawal done
clear
D)
Balance enquiry done
clear
E)
Cash deposit done
clear
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question_answer46)
Which of the following services relate to execution of transactions directly with consumers, rather than corporations or other banks? [IBPS PO 2013]
A)
Wholesale Banking Services done
clear
B)
Industrial Banking Services done
clear
C)
Investment Banking Services done
clear
D)
Corporate Banking Services done
clear
E)
Retail Banking Services done
clear
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question_answer47)
Value added services means [SBI PO 2013]
A)
low cost products done
clear
B)
high cost products done
clear
C)
at par services done
clear
D)
additional services for the same cost done
clear
E)
giving discounts done
clear
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question_answer48)
The target market for Debit Cards is [SBI PO 2013]
A)
all existing account holders done
clear
B)
all agriculturists done
clear
C)
all DSAs done
clear
D)
all vendors done
clear
E)
all outsourced agents done
clear
View Solution play_arrow
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question_answer49)
The term ATM refers to [RBI Grade B 2013; [SBI Associate 2012]
A)
Asynchronous Transfer Mode done
clear
B)
Advanced Technical Material done
clear
C)
Automated Teller Machine done
clear
D)
Arabian Travel Market done
clear
E)
None of the above done
clear
View Solution play_arrow
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question_answer50)
Scheduled commercial banks can install offsite ATMs at centres/places identified by them, without taking RBFs prior approval provided [RBI Grade B 2013]
A)
The business transacted at the offsite ATM is recorded in the books of respective branch/base branch/centralised data centre done
clear
B)
No person other than the security guard is posted at the offsite ATM done
clear
C)
Third party advertisement, such as, products of other manufacturers/ dealers/vendors are not displayed on the ATM screens/network done
clear
D)
All of the above done
clear
E)
None of the above done
clear
View Solution play_arrow
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question_answer51)
As per RBI directives, through offsite ATMs the banks may provide the facilities of [RBI Grade B 2013]
A)
Interbank funds transfer - transfer of funds between the bank's customers and customers of other banks done
clear
B)
Personal Identification Number (PIN) changes done
clear
C)
Requisition of cheque books done
clear
D)
All of the above done
clear
E)
None of the above done
clear
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question_answer52)
Which of the following statements about withdrawing cash from ATM of other banks are correct? [RBI Grade B 2013]
A)
There will be no charge for withdrawing money from other banks' ATMs up to five occasions in a month done
clear
B)
'Free access to other banks' ATMs subject to ceiling of Rs. 10000 transaction done
clear
C)
If the ATM of other banks is accessed for more than five times a month, banks may levy charges up to Rs. 20 per transaction done
clear
D)
All of the above done
clear
E)
None of the above done
clear
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question_answer53)
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) [RBI Grade B 2013]
A)
was registered as a company in Belgium done
clear
B)
is a bank owned non-profit cooperative society done
clear
C)
became operational in May, 1977 done
clear
D)
All of the above done
clear
E)
None of the above done
clear
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question_answer54)
ATM is a computerised telecommunications device that provides the clients a financial institution with access to financial transactions in a public space without the need for [RBI Grade B 2013]
A)
cashier done
clear
B)
human clerk done
clear
C)
bank teller done
clear
D)
All of the above done
clear
E)
None of the above done
clear
View Solution play_arrow
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question_answer55)
Using an ATM, customers can [RBI Grade B 2013]
A)
access their bank accounts in order to make cash withdrawals (or credit card cash advances) done
clear
B)
check their account balances done
clear
C)
purchase cell phone prepaid credit done
clear
D)
All of the above done
clear
E)
None of the above done
clear
View Solution play_arrow
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question_answer56)
ATMs of various banks in the country are connected through [RBI Grade B 2013]
A)
LAN done
clear
B)
WAN done
clear
C)
NFS done
clear
D)
SPNS done
clear
E)
None of these done
clear
View Solution play_arrow
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question_answer57)
'Buy Now Pay Now' refers to which of the following? [IBPS Clerk 2014]
A)
Affinity Card done
clear
B)
Smart Card done
clear
C)
Business Card done
clear
D)
Credit Card done
clear
E)
Debit Card done
clear
View Solution play_arrow
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question_answer58)
As per cent press in India, White Label ATMs are installed. What is meant by a white label ATM? [IBPS Clerk 2014]
A)
ATMS, which are setup by non-banking entities done
clear
B)
ATMs, which are white in colour done
clear
C)
ATMs, which are setup by group of foreign banks operating in India done
clear
D)
ATMs, which are setup by Reserve Bank of India done
clear
E)
ATMs, which are installed by group of bankers done
clear
View Solution play_arrow
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question_answer59)
State Bank of India on May, 2015 launched State Bank RuPay Platinum debit card in association with National Payment Corporation of India (NPCI). The RuPay card is accepted at [SBI PO 2015]
A)
ATMs done
clear
B)
PoS done
clear
C)
E-commerce done
clear
D)
All of these done
clear
E)
None of these done
clear
View Solution play_arrow
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question_answer60)
Prime Minister Narendra Modi on 5th Nov, 2015 launched three gold related schemes under [IBPS Clerk 2015]
A)
Digital India done
clear
B)
Make in India done
clear
C)
Startup India done
clear
D)
Rashtriya Saksharta Mission done
clear
E)
Swarna Bharat Yojana done
clear
View Solution play_arrow
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question_answer61)
The first ATM was setup in Mumbai in 1987 by [RBI Grade B 2015]
A)
ICICI Bank done
clear
B)
SBI done
clear
C)
HDFC Bank done
clear
D)
HSBC Bank done
clear
E)
Citi bank done
clear
View Solution play_arrow
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question_answer62)
In order to sign up your recently launched Digital Locker (DigiLocker) by government of India, one needs to have a mobile phone number linked to a [RBI Grade B 2015]
A)
Adhaar number done
clear
B)
PAN done
clear
C)
bank account number done
clear
D)
safe deposit locker done
clear
E)
passport number done
clear
View Solution play_arrow
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question_answer63)
The installation of 'Talking ATMs' is aimed at making ATMs friendly for [RBI Grade B 2015]
A)
minors done
clear
B)
foreigners done
clear
C)
differently-abled users done
clear
D)
senior citizens done
clear
E)
non-costumers done
clear
View Solution play_arrow
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question_answer64)
The mobile wallet services 'M-Pesa? has been introduced by Vodafone in partnership with [RBI Grade B 2015]
A)
Visa Inc done
clear
B)
Master Card Inc done
clear
C)
ICICI Bank done
clear
D)
American Express Co. done
clear
E)
NPCI done
clear
View Solution play_arrow
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question_answer65)
Which of the following public sector banks have launched 'Mingle' to enable its customers to access to various banking on July, 2016? [UBI PO 2016]
A)
Bank of India done
clear
B)
Union Bank of India done
clear
C)
Bank of Baroda done
clear
D)
State Bank of India done
clear
E)
Allahabad Bank done
clear
View Solution play_arrow
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question_answer66)
As per the recent press report, RBI has selected how many companies for setting up of payment banks in the country? [UBI PO 2016]
A)
41 done
clear
B)
72 done
clear
C)
11 done
clear
D)
18 done
clear
E)
23 done
clear
View Solution play_arrow
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question_answer67)
'M-Pesa', a mobile based money transfer and payment service, were launched by Vodafone in the year 2007. In India, Vodafone India launched it in 2013 in association with [RBI Grade B 2016]
A)
YES Bank done
clear
B)
SBI done
clear
C)
HDFC Bank done
clear
D)
Kotak Mahindra Bank done
clear
E)
ICICI Bank done
clear
View Solution play_arrow
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question_answer68)
Chairman of the 'Bank Board Bureau (BBB), Shri Vinod Rai has recently stepped down from the board of [RBI Grade B 2016]
A)
HSBC Bank done
clear
B)
ICICI Bank done
clear
C)
IDBI Bank done
clear
D)
HDFC Bank done
clear
E)
IDFC Bank done
clear
View Solution play_arrow
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question_answer69)
Recently introduced by National Payments Corporation of India (NPCI), the 'NACH' is a centralised [RBI Grade B 2016]
A)
application processing for banks system done
clear
B)
Credit appraisal system done
clear
C)
Electronic clearing system done
clear
D)
Core Banking system done
clear
E)
None of those given options done
clear
View Solution play_arrow
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question_answer70)
The Reserve Bank of India has authorized non-banks to operate 'White label ATMs? under the provisions of [RBI Grade B 2016]
A)
Reserve Bank of India Act, 1934 done
clear
B)
Negotiable Instruments Act, 1881 done
clear
C)
Negotiable Instruments (Amendment) Act, 2015 done
clear
D)
Banking Regulation Act, 1949 done
clear
E)
Payment and Settlement Systems Act. 2007 done
clear
View Solution play_arrow
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question_answer71)
EFT POS stands for [IBPS PO 2016]
A)
Electronic Funds Transfer at Pre of Sale done
clear
B)
Electronic Funds Transfer at Prepaid of Sale done
clear
C)
Electronic Funds Transfer at Point of Sale done
clear
D)
Electronic Funds Transfer at Present of Sale done
clear
E)
Electronic Funds Terminals at Point of Sale done
clear
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