Digital Banking Awareness Quiz – Set 6

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. RBI guidelines for Mobile Banking Services has prescribed a ceiling of ________ per transaction for financial transactions using *99# service.
   A. Rs. 2000
   B. Rs. 5000
   C. Rs. 3000
   D. Rs. 4000
   E. None of these
   

   Answer & Explanation

   B. Rs. 5000
   Explanation:
   RBI guidelines for Mobile Banking Services has prescribed a ceiling of Rs.5000 per transaction for financial transactions using *99# service.
   
   
2. TRAI has set a maximum ceiling of _______ per transaction for using the *99# service.
   A. Rs. 1.50
   B. Rs. 2.50
   C. Rs. 3.50
   D. Rs. 4.50
   E. None of these
   

   Answer & Explanation

   A. Rs. 1.50
   Explanation:
   TRAI has set a maximum ceiling of Rs. 1.50 per transaction for using the *99# service.
   
   
3. In QSAM, Q stands for ______
   A. Queue
   B. Query
   C. Quality
   D. Quantity
   E. None of these
   

   Answer & Explanation

   B. Query
   Explanation:
   QSAM – Query Service on Aadhaar Mapper
   
   
4. Which of the following has been authorized by RBI as the Bharat Bill Payment
   Central Unit (BBPCU)?
   A. NACH
   B. NHB
   C. NPCI
   D. All of these
   E. None of these
   

   Answer & Explanation

   C. NPCI
   Explanation:
   QSAM service can be availed by dialling *99*99#
   
   
5. The authorized capital of NPCI is _______
   A. Rs. 300 crore
   B. Rs. 200 crore
   C. Rs. 100 crore
   D. Rs. 150 crore
   E. None of these
   

   Answer & Explanation

   A. Rs. 300 crore
   Explanation:
   The authorized capital of NPCI is Rs. 300 crore.
   
   
6. The paid-up capital of NPCI is _______
   A. Rs. 300 crore
   B. Rs. 200 crore
   C. Rs. 100 crore
   D. Rs. 150 crore
   E. None of these
   

   Answer & Explanation

   C. Rs. 100 crore
   Explanation:
   The paid-up capital of NPCI is Rs.100 crore
   
   
7. How many promoter banks are there is NPCI?
   A. 10
   B. 12
   C. 11
   D. 13
   E. None of these
   

   Answer & Explanation

   A. 10
   Explanation:
   NPCI has ten promoter banks namely, State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC.
   
   
8. NPCI is a not-for-profit organisation registered under ______ of the Companies Act 2013.
   A. Section 6
   B. Section 7
   C. Section 8
   D. Section 4
   E. None of these
   

   Answer & Explanation

   C. Section 8
   Explanation:
   NPCI is a not-for-profit organisation registered under section 8 of the Companies Act 2013
   
   
9. Which of the following is the headquarters of NPCI?
   A. Chennai
   B. Kolkatta
   C. Mumbai
   D. Hyderabad
   E. None of these
   

   Answer & Explanation

   C. Mumbai
   Explanation:
   The headquarters of NPCI is Mumbai
   
   
10. In APBS, B stands for _____
    A. Bank
    B. Bill
    C. Board
    D. Bridge
    E. None of these
    

    Answer & Explanation

    D. Bridge
    Explanation:
    APBS – Aadhaar Payments Bridge System
    
    

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