2. Sample Papers
  3. Banking

Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-5

  • question_answer
    The Aadhaar-enabled payment system is banking-led model that facilitates banking facilities through banking correspondents across banks. However, Aadhaar enabled basic types of banking transactions do not Include

    A)  Aadhaar to Aadhaar funds transfer

    B)  Small Overdraft Facility

    C)  Cash Withdrawal

    D)  Balance Enquiry           

    E)  Cash Deposit

    Correct Answer: B

    Solution :

     Aadhar-enabled payment system (AePS) allows balance inquiry, cash withdrawl, cash deposit and Aadhaar to Aadhaar funds transfer. All that a customer needs for availing of the AePS services is an Aadhaar number. These transactions are biometric based transactions in which routing of authentication request to UIDAI is done by NPCI. It is a real time payment system; the account gets debited/credited instantly upon successful authentication.


You need to login to perform this action.
You will be redirected in 3 sec spinner