IIBF Digital Banking Mock Test 3

IIBF Digital Banking Mock Test 3

IIBF Digital Banking Mock Test 3 1

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1. What are the frauds and other kinds of crimes are called by the name that happens on the internet network?

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2. In the context of ATMs, what does PIN stands for & how many digits does it consist of?

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

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

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5. MDR is

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6. Aman was transacting at an ATM and uses wrong pin. What kind of decline will it be?

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7. In QSAM, what does Q stands for?

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8. Under which electronic system, a company or a mutual fund can make dividend payments to a large no. of shareholders or unit-holders?

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9. Under ________ scheme, free debit cards are issued by banks for zero balance accounts.

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10. A financial institution

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11. The process of safeguarding customer data is called for when what of the following is happening?

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12. What is the system called which permits > 1 user to access the computer system, simultaneously, through dumb terminals attached to the main system?

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13. Hackers will fake websites of legitimate and existing organizations to deceive customer into thinking that they are interacting with legitimate company

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14. Which of the following cards is used to store credential data in an integrated circuit?

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15. What do you mean by firewall?

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16. Which one of the following affects the speed of the computer system?

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17. USSD offers

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18. A bank led model which allows online financial inclusion transaction at Micro ATM through Business Correspondent of any bank using Aadhaar authentication is called

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19. Which of the following statement is correct regarding card usage in POS terminal

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20. During a POS transaction a merchant is to be funded by

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21. Virtual Machine Means

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22. What are the channels that are utilized for the marketing of Digital Banking services?

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23. Which of the following device is used to transfer data from the Central Processing Unit to other outside peripherals?

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

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

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26. Who provides the Final authorization (checking validity of card, sufficient funds etc) in POS transaction?

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27. Which are the most important considerations that are considered in building Digital Banking ecosystem?

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28. Which among the given is an interoperable transport card that is conceived by the Ministry of Urban Development along with the NPCI: National Payments Corporation of India?

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29. The mobile app called BHIM supports which of the following accounts?

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30. Mis-selling of Digital Banking Services means

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31. What are the services of banking that are provided by e-Galleries or digital outlets provide these days?

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

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33. Bank that does tie-up with merchants and install POS terminals at their location is called

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34. The firewall technology is used for which of the following purpose?

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35. The process of stopping the physical movement of cheques from banks to clearing house is

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36. Which of the below-given unit is used to measure the speed of the processor?

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37. Which of the following mentioned is a feature of RuPay Card

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38. What is the key factor that accounts for long term loyalty by customers in the Digital Banking space?

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39. 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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40. Type of POS transaction in which merchant cancels the sale and returns the amount back before end of day (settlement)

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41. What is the name of the entity that facilitates network b/w 2 different card banks as well as runs card program?

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42. For the authentication of a Digital signature, which of the given keys are used?

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43. Cloud computing service

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44. Artificial Intelligence actually deals with

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45. For what purpose does the firewall technology is used for?

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46. Through internet banking one can perform

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47. Which of the following parties are not included under the 3 Party Network model?

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48. Crypto currencies are

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49. ATMs established by non-banking entities are called

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

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51. On Point of Sale, what of the following things can a merchant do?

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52. What is the meaning of hot listing of credit cards?

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53. In POS segment Interchange is the fee charged by

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54. __________, Mastercard and Visa have developed BharatQR.

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55. A dispute can arise in case of

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

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57. NFC stands for _________

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58. What is NACH Credit?

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59. How many times can a user enter incorrect PIN for a debit card transaction?

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60. _______ facilitates toll payments directly from the prepaid account linked to it.

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61. In RTGS, each message has to be assigned with a number and provided in the field Transaction Identification ……

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62. As per RBI guidelines, for wrongfully debited amount in ATM transaction, the bank has to auto-credit customers’ account within

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63. What do you mean by Merchant Discount Rate?

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64. A mobile phone can be used as a POS for FI if it is

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65. LPG subsidy and MNREGA wages are distributed by making use of

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66. A dispute can raise in case of successful transaction

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67. What does DBT stand for?

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68. Mobile POS is a device that is

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69. To use the CDM, you need to necessarily have

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70. Under CTS 2010 Standards issued by the Reserve Bank of India, the pantograph with hidden or embedded COPY / VOID features is to be included in the cheques. This feature should be clearly integrated into photocopies & scanned color images. What is the main objective of this scheme is?

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71. In ATM transactions, refusals based on Hardware/ Software / Application /communication over the entire flow of transaction is called

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72. Marketing of Digital banking services is to create awareness and_________ customer to adopt digital banking services

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73. Which of the following is incorrect about the National Electronic Funds Transfer (i.e., NEFT) system?

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74. For making FI (Financial Inclusion) products more useful, which of the methods need to be adopted?

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75. What does mis-selling of Digital Banking Services means?

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76. The CIA principles should be observed when data are ________, at rest (in disk or backup) or in motion (being transmitted).

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77. Facility usually used in Hotels where some amount of money from the customer’s account is blocked for certain time by the merchant is called

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78. Which of the following is incorrect about UPI: Unified Payments Interface?

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