Here are some MCQs on Internet & Mobile Banking 1. What is Internet banking? a) A branch of physical banks b) Banking services over the internet c) Banking services over mobile phones d) A banking technique used by fraudsters 2. What is mobile banking? a) Banking services over the internet b) Banking services over mobile … Read more
Here are some MCQs on BHIM and UPI 1. What does BHIM stand for? a) Bharat Money b) Better Handling of Indian Money c) Bharat Interface for Money d) Bank for Hindustan and Indian Money 2. Which organization launched BHIM? a) Reserve Bank of India b) State Bank of India c) National Payments Corporation of … Read more
Here are some MCQs on Bharat Bill Payment System (BBPS) 1. What is the full form of BBPS? a) Bharat Bill Payment System b) Bank Bill Payment System c) Bharat Banking Payment System d) Bill Bharat Payment System 2. BBPS is an integrated bill payment system regulated by: a) Reserve Bank of India (RBI) b) … Read more
Here are some MCQs on NEFT, RTGS and IMPS 1. NEFT stands for: a) National Electronic Funds Transfer b) National Electronic Financial Transaction c) National Electronic Funds Transaction d) None of the above 2. Which of the following is not a feature of NEFT? a) Transactions can be initiated online or offline b) Can be … Read more
Here are some MCQs on Payment and Settlement Systems Act, 2007 1. When did the Banking Payment and Settlement Systems Act, 2007 come into effect? a) 2005 b) 2006 c) 2007 d) 2008 2. Which regulatory body oversees the implementation of the Banking Payment and Settlement Systems Act, 2007? a) Reserve Bank of India b) … Read more
Here are some MCQs on Payment Systems 1. Which of the following is not a type of payment system? a) E-money b) Debit card c) Credit card d) Gift card 2. The Central Bank is responsible for _______ in a country. a) Issuing currency b) Clearing and settlement of transactions c) Regulating banks d) All … Read more
Here are some MCQs on Technology in Remittance 1. What is the purpose of banking technology in remittance? a) To facilitate faster and more secure international money transfers b) To reduce the cost of money transfers for customers c) To streamline the process of sending and receiving money globally d) All of the above 2. … Read more
Here are some MCQs on Methods of Remittance 1. Which of the following is NOT a banking method of remittance? a) Wire transfer b) Demand draft c) Cashier’s check d) Money order 2. A wire transfer involves the electronic transfer of funds between: a) Two bank accounts within the same country b) Two bank accounts … Read more
Here are some MCQs on Concepts Related to Negotiable Instruments 1. Which of the following is not a negotiable instrument? a) Cheque b) Promissory Note c) Bill of Exchange d) Demand Draft 2. Which parties are involved in a negotiable instrument? a) Payee and drawer b) Payee and drawee c) Drawer and drawee d) Payee … Read more
1. The payment made through a cheque is known as: a) Cash payment b) Online payment c) Electronic payment d) Cheque payment 2. Which of the following is not a negotiable instrument? a) Cheque b) Promissory note c) Bill of exchange d) Invoice 3. A promissory note is a written promise to: a) Lend money … Read more
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