SSC CGL Preparation – Day 13 – Page 10

MCQs – E-Banking

1. What does NEFT stand for?
A) National Electronic Fund Transfer
B) National Emergency Fund Transfer
C) New Electronic Fund Transfer
D) National Exchange Financial Transaction
➤ Answer: A) National Electronic Fund Transfer

2. What is the full form of RTGS?
A) Real Time Government Settlement
B) Real Time Gross Settlement
C) Ready Time Gross Settlement
D) Real Transaction Government Service
➤ Answer: B) Real Time Gross Settlement

3. What is the minimum amount required for RTGS transfers?
A) ₹1,000
B) ₹10,000
C) ₹1,00,000
D) ₹2,00,000
➤ Answer: D) ₹2,00,000

4. IMPS stands for:
A) Immediate Payment System
B) International Payment Service
C) Indian Mobile Payment Service
D) Immediate Payment Service
➤ Answer: D) Immediate Payment Service

5. Which organization manages UPI in India?
A) RBI
B) SEBI
C) NPCI
D) NABARD
➤ Answer: C) NPCI

6. What is the use of an IFSC code?
A) Identifies a person’s bank account
B) Used for ATM withdrawals
C) Identifies a bank branch for online transactions
D) Encrypts online data
➤ Answer: C) Identifies a bank branch for online transactions

7. What should you avoid while using e-Banking?
A) Checking balance regularly
B) Using complex passwords
C) Using public Wi-Fi for transactions
D) Logging out after use
➤ Answer: C) Using public Wi-Fi for transactions

8. Which of the following is NOT a type of e-Banking?
A) Internet Banking
B) Mobile Banking
C) SMS Banking
D) Passbook Printing
➤ Answer: D) Passbook Printing

9. What is the use of an OTP in e-Banking?
A) To check account balance
B) To secure online transactions
C) To open a fixed deposit
D) To withdraw cash at ATMs
➤ Answer: B) To secure online transactions

10. YONO is the mobile banking app of which Indian bank?
A) HDFC Bank
B) ICICI Bank
C) State Bank of India
D) Axis Bank
➤ Answer: C) State Bank of India