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.