Digital Banking Awareness Quiz – Set 5

Hello Aspirants,
Welcome to Digital Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and mainly for Federal Bank Officer Scale I and Clerks Exams.

1. _____ is a USSD based mobile banking service from NPCI that brings together all the Banks and Telecom Service Providers.
   A. NUUP
   B. QSAM
   C. UPI
   D. BHIM
   E. None of these
   

   Answer & Explanation

   A. 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
   
   
2. Which of the following service helps user in knowing their Aadhaar
   Seeding status with their bank account?
   A. NUUP
   B. QSAM
   C. UPI
   D. BHIM
   E. None of these
   

   Answer & Explanation

   B. QSAM
   Explanation:
   QSAM (Query Service on Aadhaar Mapper) – This service helps user in knowing their Aadhaar Seeding status with their bank account.
   
   
3. In NUUP, a customer can access banking services by just pressing ______ from his/her mobile phones.
   A. *99#
   B. *999#
   C. *149#
   D. *99*99#.
   E. *14*99#.
   

   Answer & Explanation

   A. *99#
   Explanation:
   In NUUP, a customer can access banking services by just pressing *99# from his/her mobile phones.
   
   
4. QSAM service can be availed by dialling ________
   A. *99#
   B. *999#
   C. *149#
   D. *99*99#
   E. *14*99#
   

   Answer & Explanation

   D. *99*99#
   Explanation:
   QSAM service can be availed by dialling *99*99#
   
   
5. MMID stands for ________
   A. Money Market Identifier
   B. Macro Money Identifier
   C. Mobile Money Identifier
   D. Mandatory Mortgage Identifier
   E. None of these
   

   Answer & Explanation

   C. Mobile Money Identifier
   Explanation:
   MMID – Mobile Money Identifier
   
   
6. MMID is a ______ digit number, issued by banks.
   A. 6
   B. 7
   C. 5
   D. 9
   E. None of these
   

   Answer & Explanation

   B. 7
   Explanation:
   MMID is a 7 digit number, issued by banks.
   
   
7. In Rupay Card, CVD stands for _____
   A. Card Validation Data
   B. Card Validity Data
   C. Card Verification Data
   D. Card Verified Data
   E. None of these
   

   Answer & Explanation

   A. Card Validation Data
   Explanation:
   CVD – Card Validation Data.
   
   
8. CVV stands for ____
   A. Card Validation Value
   B. Card Verification Value
   C. Card Validity Value
   D. Card Verified Value
   E. None of these
   

   Answer & Explanation

   B. Card Verification Value
   Explanation:
   CVV – Card Verification Value
   
   
9. CVC Stands for ______
   A. Card Validation Code
   B. Card Validity Code
   C. Card Verified Code
   D. Card Verification Code
   E. None of these
   

   Answer & Explanation

   D. Card Verification Code
   Explanation:
   CVC – Card Verification Code
   
   
10. CVD is a _______digit number printed on the back of the card same as CVV as referred to by other international schemes.
    A. 2
    B. 3
    C. 4
    D. 5
    E. None of these
    

    Answer & Explanation

    B. 3
    Explanation:
    CVD is a 3 digit number printed on the back of the card same as CVV as referred to by other international schemes.