Digital Financial Tools and Applications Questions and Answers

Digital Financial Tools and Applications Questions and Answers. Accessing Financial services through the use of digital devices such as mobiles and laptop is known as Digital Financial Service. Questions about the Digital Financial Tools and Applications are asked in NIELIT CCC, IBPS Banking Computer Awareness GK , HARTRON SETC.

Q1. What is the full form RTGS?

  1. Real Time Gain Settlement
  2. Real Time Gross Settlement
  3. Real Time Give Statement
  4. Real Time Good Statement

Q2. Which of the following is not a benefit of internet banking?

  1. Get higher rate of interest
  2. Pay bills online
  3. Transfer funds on-the-go
  4. View account statements any time

Q3. What is the Aadhar seeding?

  1. Linked aadhar card to bank account
  2. Linked aadhar card to post office
  3. Linked aadhar card to gas connection
  4. None of the above

Q4. Indian currency sign was officially adopted?

  1. 5 May, 2010
  2. 11 July, 2010
  3. 13 July, 2010
  4. 15 July, 2010

Q5. Which of the following is used by banking industry for faster processing of large volume of cheques?

  1. Bar-Code Reader
  2. OCR
  3. MICR
  4. OMR

Q6. Which banks are provide net banking facility?

  1. State Bank of India
  2. HDFC Bank
  3. Bank of Baroda
  4. All of the above

Q7. What is RuPay debit card?

  1. Domestic debit card
  2. Issued by NPC of India
  3. Accepted by all ATMs and PoS machines
  4. All of the above

Q8. How many digits in a number printed on ATM-cum-Debit card?

  1. 12
  2. 14
  3. 16
  4. 10

Q9. Who is Bank Correspondent?

  1. An agent who provide banking services
  2. An agent of housing business
  3. A type of money lender
  4. None of these

Q10. What is the QR code?

  1. Binary code
  2. A type of bar code
  3. Programming code
  4. None of these

Q11. Aadhar is ……………..?

  1. 12- digit number card
  2. ID proof-issued by UIDAI
  3. A saving account
  4. Both (A) and (B)

Q12. Credit card is an essential component of?

  1. Electronic Commerce
  2. Internet Commerce
  3. Both of the above
  4. None of the above

Q13. What is the full form of PAN?

  1. A kind of account
  2. Primary account number
  3. Permanent account number
  4. Position account number

Q14. What is means of PIN?

  1. Portable Identification Number
  2. Permanent Identification Number
  3. Personal Identification Number
  4. Pen Identification Number

Q15. IRCTC is a …….. ?

  1. Plastic money
  2. Email service provider
  3. Railway services provider
  4. E-wallet

Q16. In digital payment, the transfer mode preferred for large transaction is?

  1. IMPS
  2. NEFT
  3. UPI
  4. RTGS

Q17. KYC means? Know Your Customer

  1. Know Your Customer
  2. Know Your Character
  3. Know Your Consumer
  4. Know Your Card

Q18. Bank provides loans for?

  1. Home
  2. Education
  3. Vehicle
  4. All of the above

Q19. Which of the following is least secure method of authentication?

  1. Keycard
  2. Fingerprint
  3. Retina pattern
  4. Password

Q20. What is the full form of POS?

  1. Point Of Sale
  2. Position Of Sale
  3. Picture Of Sale
  4. Purchase Of Sale

Q21. Banks pay interest on?

  1. Deposits
  2. Loans
  3. Withdraw
  4. Transaction

Q22. Bank charges interest on?

  1. Loans
  2. Withdraw
  3. Deposits
  4. All of the above

Q23. Who is Bank Mitra?

  1. Banking correspondents engaged
  2. Valuable customer of bank
  3. Security guard in a branch
  4. Bank account

Q24. Which of these is a mobile banking service?

  1. Balance enquiry
  2. Account transaction
  3. Payment
  4. All of the above

Q25. What is the full form of DFS?

  1. Digital Full Service
  2. Digital File Service
  3. Digital Final Service
  4. Digital Financial Service

Q26. Umang app has more than one language?

  1. True
  2. False

Q27. To download M -aadhaar what is not required?

  1. Biometric data
  2. Registered mobile number
  3. Internet connectivity
  4. Android phone

Q28. Gold loan is the process of taking a loan against holding gold?

  1. True
  2. False

Q29. Facebook is an E-commerce site?

  1. True
  2. False

Q30. What is the full name of MMID?

  1. Mobile Money Identify
  2. Mobile Money Identifier
  3. Both
  4. None

Answer Sheet : Digital Financial Tools and Applications Questions and Answers

Q1.Ans 2Q11.Ans 4Q21.Ans 1
Q2.Ans 1Q12.Ans 3Q22.Ans 1
Q3.Ans 1Q13.Ans 3Q23.Ans 1
Q4.Ans 4Q14.Ans 3Q24.Ans 4
Q5.Ans 3Q15.Ans 3Q25.Ans 4
Q6.Ans 4Q16.Ans 4Q26.Ans 1
Q7.Ans 4Q17.Ans 1Q27.Ans 1
Q8.Ans 3Q18.Ans 4Q28.Ans 1
Q9.Ans 1Q19.Ans 4Q29.Ans 2
Q10.Ans 2Q20.Ans 1Q30.Ans 2

More Digital financial Service Question in Mock Test