Current Affairs PDF

Banking Awareness Quiz – Set 112

By
Aruna
-

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Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

  1. What are the services available under IMPS?
    A. Funds Transfer and Remittances
    B. Merchant Payments
    C. NUUP
    D. Both (A) and (B)
    E. All of the Above
    E. All of the Above
    Explanation:
    The services available under IMPS are
    Funds Transfer and Remittances
    Merchant Payments
    NUUP
    QSAM

  2. What is the full form of NUUP?
    A. National Unified USSD Protocol
    B. National Unitied USSD Platform
    C. National Unitied USSD Protocol
    D. National Unified USP Platform
    E. National Unified USSD Platform
    E. National Unified USSD Platform
    Explanation:
    NUUP – National Unified USSD Platform

  3. Which of the following is a USSD based mobile banking service from NPCI that brings together all the Banks and Telecom Service Providers?.
    A. WAP
    B. QSAM
    C. NUUP
    D. Both (A) and (B)
    E. Both (B) and (C)
    C. NUUP
    Explanation:
    NUUP (National Unified USSD Platform) is a USSD based mobile banking service from NPCI that brings together all the Banks and Telecom Service Providers.

  4. In NUUP, a customer can access banking services by just pressing ________ from his/her mobile phones.
    A. *999#
    B. #*99#
    C. *99#
    D. 1*99#
    E. None of the Above
    C. *99#
    Explanation:
    In NUUP, a customer can access banking services by just pressing *99# from his/her mobile phones. This service works across all GSM mobile handsets.

  5. What is the full form of QSAM?
    A. Quality Service on Aadhaar Mapper
    B. Query Sending on Aadhaar Mapping
    C. Query Service on Aadhaar Mapper
    D. Quality Service on Aadhaar Mapping
    E. Query Sending on Aadhaar Mapper
    C. Query Service on Aadhaar Mapper
    Explanation:
    Query Service on Aadhaar Mapper

  6. _________ service helps user in knowing their Aadhaar Seeding status with their bank account.
    A. WAP
    B. QSAM
    C. NUUP
    D. Both (A) and (B)
    E. Both (B) and (C)
    B. QSAM
    Explanation:
    QSAM (Query Service on Aadhaar Mapper) – This service helps user in knowing their Aadhaar Seeding status with their bank account

  7. QSAM service can be availed by dialling ________
    A. *999#
    B. *99*99#
    C. *99#
    D. 1*99#
    E. None of the Above
    B. *99*99#
    Explanation:
    This service can be availed by dialling *99*99#. User will know whether his/her AADHAAR number is seeded/linked to any bank account number or not. If yes, then with which bank and when it was last updated.

  8. How many digits are there in Mobile Money Identifier(MMID)?
    A. 7 digits
    B. 9 digits
    C. 10 digits
    D. 11 digits
    E. None of the Above
    A. 7 digits
    Explanation:
    Mobile Money Identifier is a 7 digit number, issued by banks. MMID is one of the input which when clubbed with mobile number facilitates fund transfer. Combination of Mobile no. & MMID is uniquely linked with an Account number and helps in identifying the beneficiary details. Different MMID’s can be linked to same Mobile Number.

  9. A customer can link how many account to the same mobile number?
    A. Only One
    B. Only Two
    C. Only Three
    D. More than One
    E. None of the Above
    D. More than One
    Explanation:
    customer can link more than one account to the same mobile number. However each A/C no will have different MMID.

  10. An unbanked customer can initiate IMPS transaction using the services of _______.
    A. PPI
    B. PCI
    C. PFI
    D. PDI
    E. None of the Above
    A. PPI
    Explanation:
    An unbanked customer can initiate IMPS transaction using the services of Pre-Paid Payments instrument issuer (PPI).





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