Banking Awareness Quiz – Set 143

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. How many digits are there in Magnetic Ink Character Recognition(MICR) code?
   A. 7 Digits
   B. 9 Digits
   C. 6 Digits
   D. 11 Digits
   E. None of these
   
   Answer & Explanation

   B. 9 Digits
   Explanation:
   MICR code is usually a nine digit code comprising of some important information about the transaction and the bank.
   
   
2. How many digits are there in Society for Worldwide Interbank Financial Telecommunication(SWIFT) code?
   A. 7 Digits
   B. 9 Digits
   C. 6 Digits
   D. 11 Digits
   E. None of these
   
   Answer & Explanation

   D. 11 Digits
   Explanation:
   Society for Worldwide Interbank Financial Telecommunication(SWIFT) code is an eight- or 11-digit code that identifies your country, city, bank, and branch.
   
   
3. How many digits are there in Permanent Account Number(PAN)?
   A. 7 Digits
   B. 9 Digits
   C. 6 Digits
   D. 10 Digits
   E. None of these
   
   Answer & Explanation

   D. 10 Digits
   Explanation:
   Permanent Account N umber (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department.
   
   
4. How many digits are there in Mobile Money Identification Number (MMID)?
   A. 7 Digits
   B. 9 Digits
   C. 6 Digits
   D. 10 Digits
   E. None of these
   
   Answer & Explanation

   C. 6 Digits
   Explanation:
   Mobile Money Identification Number (MMID) is a seven digit number of which the first four digits are the unique identification number of the bank offering IMPS.
   
   
5. How many digits are there in Indian Financial System Code?
   A. 7 Digits
   B. 9 Digits
   C. 10 Digits
   D. 11 Digits
   E. None of these
   
   Answer & Explanation

   D. 11 Digits
   Explanation:
   The IFSC is an 11-character code with the first four alphabetic characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch. The fifth character is 0 (zero) and reserved for future use.
   
   
6. How many digits are there in Universal Account Number(UAN)?
   A. 7 Digits
   B. 9 Digits
   C. 10 Digits
   D. 11 Digits
   E. 12 Digits
   
   Answer & Explanation

   E. 12 Digits
   Explanation:
   It is a unique 12-digit number assigned to an employee by EPFO India
   
   
7. _________ is a Mobile App developed by National Payments Corporation of India (NPCI), based on the Unified Payment Interface (UPI)
   A. Pockets
   B. Buddy
   C. BHIM
   D. All of these
   E. None of these
   
   Answer & Explanation

   C. BHIM
   Explanation:
   BHIM is a Mobile App developed by National Payments Corporation of India (NPCI), based on the Unified Payment Interface (UPI)
   
   
8. BHIM stands for ________
   A. Blind Interface for Money
   B. Basic Interface for Money
   C. Bureau Interface for Money
   D. Bharat Interface for Money
   E. Bold Interface for Money
   
   Answer & Explanation

   D. Bharat Interface for Money
   Explanation:
   BHIM – Bharat Interface for Money.
   
   
9. If the ______ Aadhaar is listed as a payment ID on the BHIM app will not require any biometric authentication or prior registration with the bank or Unified Payment Interface.
   A. 7 Digits
   B. 9 Digits
   C. 10 Digits
   D. 11 Digits
   E. 12 Digits
   
   Answer & Explanation

   E. 12 Digits
   Explanation:
   If the 12-digit Aadhaar is listed as a payment ID on the BHIM app will not require any biometric authentication or prior registration with the bank or Unified Payment Interface.
   
   
10. NPCI launched ______ service, which works on Unstructured Supplementary Service Data(USSD) Channel.
    A. Pockets
    B. Buddy
    C. BHIM
    D. *99#
    E. None of these
    
    Answer & Explanation

    D.*99#
    Explanation:
    NPCI launched *99# service, which works on Unstructured Supplementary Service Data(USSD) Channel.