MCQ : DIGITAL FINANCIAL TOOLS AND APPLICATIONS For NIELIT O Level Exam

DIGITAL FINANCIAL TOOLS AND APPLICATIONS For NIELIT O Level Exam

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Question No# : 01 out of 50

We should keep our savings in banks because

A. its safe

B. Get interest

C. Can be withdraw at any time

D. All of the above

Question No# : 02 out of 50

What is blockchain?

A. A type of cryptocurrency

B. Online transaction

C. A centralized online account

D. Large Distributed P2P Network

Question No# : 03 out of 50

How many daily settlement batches are there in NEFT during a week day?

A. 24

B. 12

C. 11

D. 23

Question No# : 04 out of 50

Which bank started Pocket wallet?

A. HDFC

B. ICICI

C. SBI

D. BOB

Question No# : 05 out of 50

Mutilated notes

A. should be burnt away

B. should be thrown away

C. can be exchanged at Bank

D. None of above

Question No# : 06 out of 50

IMPS stands for

A. Immediate Payment Service

B. Internet Payment Service

C. Internet Pay Service

D. Internet Media Payment Service

Question No# : 07 out of 50

Timely repayment of loans results

A. Good reputation

B. No tension

C. Easily availability of loan in future

D. All of above

Question No# : 08 out of 50

Bank provides loans for

A. Home

B. Car

C. Education

D. All of above

Question No# : 09 out of 50

Which bank has the largest area (Branches)?

A. SBI

B. ICICI

C. BOB

D. RBI

Question No# : 10 out of 50

We should keep our savings with banks because

A. It is safe

B. Earns interest

C. Can be withdrawn anytime

D. All of above

Question No# : 11 out of 50

Umang app launched by

A. RBI

B. UPI

C. NPCI

D. NEFT

Question No# : 12 out of 50

Who can open an account under PMJDY?

A. Minor above the age of 10 years

B. Only lady of the house

C. Only head of the family

D. All of above

Question No# : 13 out of 50

ATM means

A. Any Time Money

B. Auto Truck of Mahindra

C. Automated Teller Machine

D. None of above

Question No# : 14 out of 50

Bank does not provide loans for

A. Crop loans

B. Education loans

C. Home loans

D. Drinking & Gambling

Question No# : 15 out of 50

What is the full form of POS?

A. Point of Sale

B. Post of sales

C. Point of sold

D. None

Question No# : 16 out of 50

What is the full form of KYC?

A. Keep your customers cool

B. Keep your cool

C. Know your customers

D. Know your credit

Question No# : 17 out of 50

What is the timing of NEFT?

A. 8.00 am to .6.00 pm

B. 8:00 am to 7:00 pm

C. 6:30 am to 5:30 pm

D. None

Question No# : 18 out of 50

In which year NEFT services has started

A. 2005

B. 2002

C. 2001

D. 2006

Question No# : 19 out of 50

What is one advantage of the online system for paying bills?

A. You can pay faster

B. You can save money

C. You can track transactions on real time

D. All of the above

Question No# : 20 out of 50

Loans from money lenders are

A. With High rate of interest

B. No proper accounting

C. No transparency

D. All of above

Question No# : 21 out of 50

Utility of e-wallet is not same as to?

A. RuPay Card

B. Debit Card

C. Credit Card

D. Cash Card

Question No# : 22 out of 50

What is the maximum amount of deposits acceptable in Small accounts?

A. 30,000/-

B. 40,000/-

C. 50,000/-

D. 100,000/-

Question No# : 23 out of 50

Internet banking refers to

A. Operation of account through internet

B. Opening of account through ATM

C. Both (a) & (b)

D. None of above

Question No# : 24 out of 50

How many digits are there in CVV of ATM and Credit Card?

A. 6 digits

B. 4 digit

C. 3 digits

D. 5 digits

Question No# : 25 out of 50

Bank having maximum number of branches in India

A. Reserve Bank of India

B. State Bank of India

C. Punjab National Bank

D. Bank of Baroda

Question No# : 26 out of 50

UPI stands for

A. User Payment Interface

B. Unified Payment Interface

C. Unique Payment Interface

D. Universal Payment Interface

Question No# : 27 out of 50

Value Added Services means

A. Better Value on Premium

B. Expensive services

C. additional services

D. Better Value on Discount

Question No# : 28 out of 50

What is the full name of NASSCOM?

A. National association of software and services companies

B. National advance of software and services companies

C. National association of system and services companies

D. None

Question No# : 29 out of 50

Meaning of life insurance

A. Human insurance

B. Life insurance of human and animal

C. Machine insurance

D. All of the above

Question No# : 30 out of 50

General insurance is related to which insurance

A. The fire

B. theft

C. Bump

D. All of the above

Question No# : 31 out of 50

Education Loans

A. Cover tuition fee & expenses

B. Are repayable after completion of course

C. Granted for studies in India & abroad

D. All of above

Question No# : 32 out of 50

Information that is incorrectly inputted is referred to as which of the following?

A. Human error

B. Transcription error

C. Transposition error

D. Troubleshooting error

Question No# : 33 out of 50

How many digits does an American CVV have?

A. 3

B. 4

C. 5

D. 6

Question No# : 34 out of 50

Who is the developer of Paytm?

A. Vijay chandra sharma

B. Vijay shekhar sharma

C. Vishnu shekhar sharma

D. Vishun chandra sharma

Question No# : 35 out of 50

Which of the following are the founders of credit cards?

A. Kevin duffy

B. Reid halfman

C. John biggins

D. None of these

Question No# : 36 out of 50

What is U in UPI?

A. Unified

B. University

C. Universal

D. Unique

Question No# : 37 out of 50

PMSBY has Accidental Sum Insured

A. 50,000

B. 1 Lakh

C. 2 Lakh

D. 3 Lakh

Question No# : 38 out of 50

What does EFT stand for?

A. Electronic Financial Transfer

B. Electronic Funds Transfer

C. Electric Finance Transfer

D. Electric Fund Transfer

Question No# : 39 out of 50

Interest on Savings Bank Deposits is paid

A. Every month

B. Quarterly

C. Half yearly

D. Yearly

Question No# : 40 out of 50

Who can open bank account

A. Indian citizen

B. Non Resident Indian

C. Illiterate

D. All of above

Question No# : 41 out of 50

When did electronic wallet become operational in India?

A. 2017

B. 2015

C. 2010

D. 2007

Question No# : 42 out of 50

The Indian rupee symbol ‘₹’ officially adopted in

A. 2009

B. 2010

C. 2012

D. 2015

Question No# : 43 out of 50

What is the full form of S.B.I.?

A. State Bank of India

B. Super bank of india

C. Indian State Income

D. neither of the above

Question No# : 44 out of 50

Who is Bank Mitra?

A. Banking Correspondents engaged by Banks

B. Valuable customer of Bank

C. Security guard in a branch

D. None of above

Question No# : 45 out of 50

Which bank started the first micro ATM based Aadhaar?

A. Fino Payments Bank

B. Axis bank

C. SBI

D. ICICI

Question No# : 46 out of 50

Account payee cheques can be paid

A. At cash counter of Bank

B. At ATM

C. By deposit in Bank account

D. None of above

Question No# : 47 out of 50

OTP is used?

A. secure login

B. Secure money transfer

C. Secure online transactions

D. All of the above

Question No# : 48 out of 50

Bank lends

A. House

B. car

C. Education

D. All of the above

Question No# : 49 out of 50

When did NEFT start?

A. November 2005

B. March 2004

C. November 2006

D. None of these

Question No# : 50 out of 50

What is Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY)?

A. Covers life insurance up to Rs.2 lac

B. Accident insurance cover

C. Both (a) & (b)

D. None of above