1. Which digital payment platforms are linked to the buy now, pay later (8087.) retention?
a) PayPal
b) Venmo
c) After pay
d) JAIL
2. What is the meaning of the term tokenization in mobile payments?
Conversion of physical currency into digital currency
a) Encrypt the transmitted payment information
b) Creating virtual representations of credit cards
c) Contactless transactions using NFC
d) None of the above
3. Which digital payment method generally involves scanning a code 00 for a transaction?
a) Contactless card
b) Mobile banking
c) Cryptocurrency
d) QR code payment
4. What is the meaning of the term contactless payer in the context of mobile payment?
a) Use mobile device*without. pay
b) Without physical contact with the payment terminal
c) Making payment through contact list in mobile app
d) Money transfer using Bluetooth technology
5. Which of the following are possible risks associated with online banking?
a) Unlimited access
b) Less facilities
c) Phishing attacks
d) Low interest rate
6. When is money transmission processed in RTGS?
a) For an hour
b) Daily
c) Immediately
d) Weekly
7. Which digital payment was launched to promote cashless transactions in India?
a) Apple Pay
b) On Wechat
c) Alipay
d) Unified Payments Interface (UPI)
8. What is the role of Mobile POS (Point of Sale) in mobile payments?
a) Managing mobile phone settings
b) To make payments at physical stores
c) Customer service center of mobile network provider
d) Mobile app development platform
9. Which of the following is an example of a P2P digital payment platform?
a) Paypal
b) Venno
c) Apple Pay
d) Google Pay
10. Which type of online banking service allows users to take pictures with their mobile devices?
a) Mobile banking
b) Internet banking
c) E-commerce banking
d) Virtual Banking
11. Internet banking facility is called.
a) Online 58рее
b) Net Banking
c) e pey
d) SBI Connect
12. What is the purpose of virtual card in online banking?
a) Physical credit card for online shopping
b) A temporary, disposition for securing transactions
c) Digital representation of traditional bank card.
d) A card which can be used for special virtual accommodation
13. RTGS is mainly used for transfer of funds in the following ranges?
a) Up to Rs 40,000 from small cash transactions
b) For medium transactions between Rs 10,000 and Rs 1 lakh
c) For large transactions above Rs 2 lakh
d) All transactions based on amount
14. What is the main objective of phishing attack in the context of online banking?
a) Stealing physical bank cards
b) Deauthorizing users’ account information
c) Providing financial advice
d) Promoting online banking facilities
15. Which of the following is correct about NEFT transactions?
a) They are processed in real time?
b) These have settlement time throughout the day.
c) They are limited to maximum transactions
d) They operate only on weekdays.
16. What does NFC mean in the context of digital payments?
a) National Finance Corporation
b) Near Field Communication
c) Non-fungible currency
d) Network File Control
17. What are the main objectives of a payment gateway in online transactions?
a) Digital receipt storage
b) To facilitate communication between banks
c) Converting digital currency into physical cash
d) Sending promotional emails
18. What is the purpose of CVV (Card Verification Value) in online credit card transactions?
a) Card expiry date
b) Name of the cardholder
c) Security code for authentication
d) Card balance information
19. Which digital payment method is designed for international money transfer and is used for its
a) Cryptocurrencies PayPal
b) Alipay
c) Western Union
d) Bitcoin
20. What is the main purpose of digital wallet in online payment?
a) Physical cash collection
b) sending email
c) Collection and management of digital payment* information
d) Tracking the trend in the stock market
21. What is the password for online banking transactions?
a) Logging in to Achiladan Banking Portal
b) Confirming specific transactions
c) Changing account settings
d) Recovering forgotten password
22. CDC means core banking.
a) Central Data Center
b) Core Data Center
c) Core Development Center
d) None of the above