IIBF Digital Banking Mock Test 3

IIBF Digital Banking Mock Test 3

IIBF Digital Banking Mock Test 3 1

1 / 78

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

2 / 78

2. __________, Mastercard and Visa have developed BharatQR.

3 / 78

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

4 / 78

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

5 / 78

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

6 / 78

6. What do you mean by firewall?

7 / 78

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

8 / 78

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

9 / 78

9. Virtual Machine Means

10 / 78

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

11 / 78

11. Through internet banking one can perform

12 / 78

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

13 / 78

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

14 / 78

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

15 / 78

15. A dispute can raise in case of successful transaction

16 / 78

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

17 / 78

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

18 / 78

18. MDR is

19 / 78

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

20 / 78

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

21 / 78

21. 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

22 / 78

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

23 / 78

23. What do you mean by Merchant Discount Rate?

24 / 78

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

25 / 78

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

26 / 78

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

27 / 78

27. Artificial Intelligence actually deals with

28 / 78

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

29 / 78

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

30 / 78

30. In QSAM, what does Q stands for?

31 / 78

31. Mis-selling of Digital Banking Services means

32 / 78

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

33 / 78

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

34 / 78

34. Cloud computing service

35 / 78

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

36 / 78

36. ATMs established by non-banking entities are called

37 / 78

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

38 / 78

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

39 / 78

39. Crypto currencies are

40 / 78

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

41 / 78

41. USSD offers

42 / 78

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

43 / 78

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

44 / 78

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

45 / 78

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

46 / 78

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

47 / 78

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

48 / 78

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

49 / 78

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

50 / 78

50. NFC stands for _________

51 / 78

51. What does DBT stand for?

52 / 78

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

53 / 78

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

54 / 78

54. 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?

55 / 78

55. In POS segment Interchange is the fee charged by

56 / 78

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

57 / 78

57. Mobile POS is a device that is

58 / 78

58. What is NACH Credit?

59 / 78

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

60 / 78

60. A dispute can arise in case of

61 / 78

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

62 / 78

62. A financial institution

63 / 78

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

64 / 78

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

65 / 78

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

66 / 78

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

67 / 78

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

68 / 78

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

69 / 78

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

70 / 78

70. 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?

71 / 78

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

72 / 78

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

73 / 78

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

74 / 78

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

75 / 78

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

76 / 78

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

77 / 78

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

78 / 78

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

Your score is

0%