IIBF Digital Banking Mock Test 2

IIBF Digital Banking Mock Test 2

IIBF Digital Banking Mock Test 2 1

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1. Mobile banking through USSD channel is available on handsets of type

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2. Key benefits of RuPay Pay Secure are:

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3. What banking services does e-Galleries provide

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4. NFC stands for

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5. LPG subsidy and MNREGA wages are disbursed by making use of

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6. Cloud computing Service

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7. Lite coin is

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8. Mis-selling of Digital Banking Services means

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9. The FI accounts are not used much by customers because

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10. Data Lake will be

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11. The Process of stopping the physical movement of cheques from Banks to clearing house.

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12. Card scheme rules specifying the rights and obligations of each card scheme operator, the merchant acquirer and card issuer respectively is prepared by

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13. A bank led model which allows online financial inclusion transaction at Micro-ATM through the Business correspondent of any bank using the Aadhaar authentication is called

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14. Virtual Machine means

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15. During a POS transaction the merchant is to be funded by

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16. In POS segment Interchange is the fee charged by

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17. Final authorization (checking validity of card, sufficient funds etc.) in POS transaction is provided by

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18. Which of the below mentioned is a feature of RuPay Insurance program

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19. Which of the below mentioned is a feature of RuPay card

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20. Merchant Discount Rate is

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21. USSD stands for

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22. A mobile phone may be used as a POS for FI, if it is

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23. NACH Debit is

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24. The POS can work with

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25. Crypto currencies are

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26. Marketing of Digital Banking services is to create awareness and customer to adopt digital banking services

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27. The accounts opened for FI are

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28. APBS (Aadhaar Payment Bridge System)

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29. Chargeback comes into picture in a POS transaction in case

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30. Marketing of Financial Inclusion is the prime responsibility of

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31. The internet based FI application uses fingerprint of customer,

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32. What are the channels used for marketing of Digital Banking services?

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33. Which is not a session based communication

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34. NACH Credit is

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35. The Value added service provided by USSD is called

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36. Cell phone is useful for FI because

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37. The order of various stages in a transaction lifecycle is

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38. Fintechs create their solutions by building on

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39. An electronic way of doing authentic, real time KYC of a customer using Aadhaar authentication

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40. IoT will help banking by

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41. For receiving money from a family member working in fields in Punjab, the housewife in an Odisha village may not need

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42. Machine Learning is

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43. Financial Inclusion will happen if

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44. ATM transaction with biometric validation is used because

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45. Fintechs often,

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46. Offline authorization is an option available with

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47. For making FI products more useful

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48. Which is not a drawback related to SMS based mobile banking [Choose Two Correct Options]

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49. Marketing of Financial Inclusion services is used for

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50. Artificial Intelligence actually deals with

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