52-Internet & Mobile Banking

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1).
Baroda Gift Card can be used for transactions at which of the following?
2).
Which of the following bank launches India’s first Mobile ATM?
3).
Which of the following bank has launched ‘mVisa’ – a mobile-based payments solution?
4).
Which of the following is not true about National Electronic Funds Transfer (NEFT) system?
5).
Which of the following is not true about Unified Payments Interface (UPI)?
6).
Which of the following is not true about Mobile Money Identifier (MMID)?
7).
Which of the following is not true about Payments Bank?
8).
Which of the following is not true about Immediate Payment Service (IMPS)?
9).
Which of the following is not true about Bharat Interface for Money (BHIM) app?
10).
Which one of the following is controlled by the World Wide Web?
1. Baroda Gift Card can be used for transactions at which of the following?
[A] POS only
[B] POS & Online purchases
[C] POS & BoB ATM
[D] POS & Online purchases & Bob ATM
2. Which of the following bank launches India’s first Mobile ATM?
[A] HDFC Bank
[B] Axis Bank
[C] ICICI Bank
[D] SBI
3. Which of the following bank has launched ‘mVisa’ – a mobile-based payments solution?
[A] SBI
[B] ICICI Bank
[C] HSBC Bank
[D] Canara Bank
4. Which of the following is not true about National Electronic Funds Transfer (NEFT) system?
[A] There is no limit on transaction through NEFT
[B] NEFT operates in hourly batches.
[C] NEFT is a payment system which facilitates one-to-one funds transfer.
[D] Only bank branches which are NEFT enabled, can be a part of the NEFT funds transfer network.
5. Which of the following is not true about Unified Payments Interface (UPI)?
[A] UPI is an instant payment system developed by the National Payments Corporation of India (NPCI).
[B] Through UPI, all payments are instant and takes place in banking hours.
[C] Under UPI person will have a single identity and password for using multiple bank accounts.
[D] UPI is based on the Immediate Payment Services (IMPS) infrastructure.
6. Which of the following is not true about Mobile Money Identifier (MMID)?
[A] Mobile Money Identifier (MMID) is a seven-digit number, issued by banks for effecting financial
[B] The user’s mobile number MMID are uniquely linked with his bank account number, and is one of the
[C] Both the remitter and the beneficiary are required to have their MMIDs to effect a fund transfer through
[D] A unique MMID and mobile number combination helps in identifying the beneficiary’s details. A single
7. Which of the following is not true about Payments Bank?
[A] Payments bank can issue ATM/debit cards but not credit cards
[B] Payments Bank can give a loan of up to only Rs 1 lakh.
[C] Initial capital required for a Payments Bank is Rs 100 crore
[D] Payments Bank must maintain Cash Reserve Ration (CRR) as decided by RBI.
8. Which of the following is not true about Immediate Payment Service (IMPS)?
[A] To use IMPS, both the account holder and beneficiary needs to have Mobile Money Identifier (MMID).
[B] Internet Banking Account facilitates IMPS to transfer money to any account.
[C] The facility is provided by National Payments Corporation of India through its existing NFS switch.
[D] IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones.
9. Which of the following is not true about Bharat Interface for Money (BHIM) app?
[A] BHIM framework allows its usage without internet also.
[B] Money can also be sent to non-UPI supported banks using IFSC code and account number.
[C] BHIM allows daily transaction limit of Rs 20,000.
[D] Through BHIM app, a maximum of Rs 5,000 is allowed per transaction.
10. Which one of the following is controlled by the World Wide Web?
[A] Universal banking
[B] Virtual Banking
[C] Wholesale Banking
[D] None of these
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