IIBF Digital Banking Mock Test 1

IIBF Digital Banking Mock Test 1

IIBF Digital Banking Mock Test 1 1

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1. If a customer is able to get cash by transacting at a POS machine, what type of transaction is it called?

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2. Through NUUP, one can do fund transfer using

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3. Which of the below statement is correct with regards to card usage in a PoS terminal?

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4. An EMV card transaction is not characterised by

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5. The process of safeguarding customer data is called for when the following is happening _________

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6. Which are the two most important considerations in building digital banking eco-system?

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7. By using QSAM service one can check their Aadhaar seeding status with their bank account by dialling

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8. IMPS enables

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9. A process of sending e-mails that steal sensitive information from customer’s computer by installing Trojans and keystroke sniffers is called

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10. Which of the following facilities are likely to be available at an ATM machine?

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11. PCI-DSS stands for

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12. To use a cash deposit machine (CDM), you need to necessarily have

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13. IMPS stands for

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14. Drawbacks of mobile banking through SMS channel are:

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15. As per RBI guideline, for other bank transaction, number of free ATM usage is [Choose Two Correct Options]

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16. Which amongst the below mentioned entity authorizes a card transaction in a 4 party card scheme network?

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17. A customer while transacting at an ATM uses wrong pin. What kind of decline is it?

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18. OFF-US transactions are those where [Choose Two Correct Options]

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19. Instant money transfer (IMT)is a fund transfer facility that requires only beneficiaries

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20. A financial institution

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21. Balance inquiry is a kind of

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22. Bill payments is a kind of

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23. Which amongst the below mentioned forms of banking come under digital banking? [Choose Two Correct Options]

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24. Mobile banking through SMS channel is available on handsets of type

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25. Cards, that store data in integrated circuits are also called

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26. If a customer cancels a sale and returns the amount back before settlement, then such a transaction is called

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27. Through internet banking one can perform

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28. In NUUP, a customer can access banking services by pressing

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29. Digital banking has been making most disruptive changes in which vertical of banking?

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30. Phishing can be prevented by

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31. In contrast to SMS based channel, USSD messages

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32. A dispute can arise in case of

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33. Phishing technique is used by fraudsters for

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34. EMV compliant cards gives an option to cardholders to perform

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35. As per RBI guidelines, for wrongfully debited amount, a customer has to complain with the issuing bank within

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36. A data value has changed since you last saw it with read-only right. If we know that no modification is permitted or due since you last saw it, what has been compromised?

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37. The order of various stages in a transaction life cycle is

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38. One entity that is missing in the 3 party card network model as compared to 4 party card network model is

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39. Offline authorization is an option available with

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40. NFC stands for

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41. The risk arising from fraud, error, negligence and the inability to maintain expected service levels is called

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42. What is the foundation on which digital banking should be built upon?

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43. In an ATM transaction interchange fees is paid to the

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44. While entering information such as id, password and other confidential information online, it is to be checked that

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45. The financial entity/Bank that does tie-up with merchants and installs POS terminals at their location is called

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46. Mobile POS is a device that is

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47. ATMs established by non-banking entities are called

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48. To pay your bills online one-time registration of each biller is

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49. What is the key factor responsible for long term customer loyalty in the digital banking space?

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50. USSD offers

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