CCC Topic Wise Practice Set-16 (CCC Digital Financial Tool and Applications)

CCC Online Test 50 Questions

01. Half yearly interest is given on bank savings deposits.

A) True
B) False

--- Answer is----> A) True

02. BHIM stands for 'Bharat Interface for Money' which was done by the Prime Minister for money transactions on 30-December 2016.

A) No
B) Yes

--- Answer is-----> B) Yes

03. What does UPI stand for?

A) Unique Payments Interface
B) Unique Payments Interval
C) Unified Payments Interface
D) None

--- Answer is-----> C) Unified Payments Interface

04. ID proof and Address proof are necessary to open an account in a bank.

A) False
B) True

--- Answer is-----> B) True

05. Internet banking is also known as online banking.

A) True
B) False

--- Answer is-----> A) True

06. POS stands for Point of Sale, which is used as an electronic machine for payment at retail shops.

A) False
B) True

--- Answer is-----> B) True

07. ... is an identity proof issued by the Unique Identification Authority of India (UIDAI)?

A) Voter Card
B) Ration Card
C) Aadhar Card
D) Pan Card

--- Answer is-----> C) Aadhar Card

08. You can do online shopping, recharge and bill payment through mobile wallet.

A) True
B) False

--- Answer is-----> A) True

09. What is P.O.S.

A) Hardware
B) Software
C) A & B both
D) None

--- Answer is-----> C) A & B both

10. ... is a plastic card issued by a bank or a financial institution?

A) Debit Card
B) Credit Card
C) A & B both
D) Payment card

--- Answer is-----> C) A & B both

11. RTGS stands for Real Time Gross Settlement, a fund transfer system, which is used to transfer money from one bank to another.

A) True
B) False

--- Answer is-----> A) True

12. ATM stands for Automated Teller Machine.

A) True
B) False

--- Answer is-----> A) True

13. How many times can you send money through NEFT in a week?

A) 7
B) 140
C) 70
D) No Limit

--- Answer is-----> D) No Limit

14. QR is depicted on a card, but there is no information in the card

A) True
B) False

--- Answer is-----> B) False

15. What is the color of a 500 rupee note?

A) Green
B) Blue
C) Stone grey
D) Golden

--- Answer is-----> C) Stone grey

16. How many number is the IFSC code?

A) 13
B) 10
C) 12
D) 11

--- Answer is-----> D) 11

17. QR code has a full form 'Quickly Response code'

A) False
B) True

--- Answer is-----> A) False

18. How many amounts can be transacted in one day with BHIM app?

A) 40000
B) 100000
C) 20000
D) None

--- Answer is-----> A) 40000

19. Credit card does not pay in dollars.

A) False
B) True

--- Answer is-----> A) False

20. What is not found in credit and debit cards?

A) cvv
B) Pin
C) Card number
D) Expire Date

--- Answer is-----> B) Pin

21. What are the fees in RTGS for transfer upto 200000 to 500000?

A) 49.50
B) 30
C) 24.50
D) None

--- Answer is-----> C) 24.50

22. What is the maximum limit in RTGS?

A) 200000
B) 500000
C) 1000000
D) No Limit

--- Answer is-----> D) No Limit

23. Can we take NEFT service 24/7?

A) Yes
B) No

--- Answer is-----> A) Yes

24. What is the full form of IMEI?

A) Internet mobile equpayment identry
B) International Mobile Equipment identity
C) lndian mobile Equipment identifier
D) None

--- Answer is-----> B) International Mobile Equipment identity

25. When was the NEFT service introduced?

A) 2004
B) 2007
C) 2005
D) 2006

--- Answer is-----> C) 2005

26. How many digits is the ATM PIN?

A) 6
B) 4
C) 5
D) 2

--- Answer is-----> B) 4

27. What is M-banking?

A) Manage banking
B) Managing Banking
C) Net banking
D) Mobile- banking

--- Answer is-----> D) Mobile- banking

28. What does PoS (Point of Sale) not work?

A) Receive payments
B) Print bill
C) Promotion
D) All

--- Answer is-----> C) Promotion

29. What is not commonly used in net or online banking?

A) User name
B) Password
C) ATM pin
D) Profile password

--- Answer is-----> C) ATM pin

30. When did net transactions begin in India?

A) 1990
B) 1995
C) 1998
D) 2000

--- Answer is-----> B) 1995

31. In which bank account can a nominee be added?

A) Fixed deposit account
B) Recurring Deposit Account
C) Savings bank account
D) All of the above

--- Answer is-----> D) All of the above

32. What is the maximum denomination note issued by RBI?

A) 500
B) 2000
C) 1000
D) None

--- Answer is-----> B) 2000

33. At what age pension is started in APY scheme?

A) 55
B) 60
C) 40
D) 18

--- Answer is-----> B) 60

34. How much money can a person send in 1 day by USSD?

A) 1000
B) 10000
C) 5000
D) 50000

--- Answer is-----> C) 5000

35. BHIM App is used to make payments directly from customers bank account.

A) True
B) False

--- Answer is-----> A) True

36. What is the full form of PRA?

A) Primary Rate Account
B) Primary Rate Authority
C) Primary Rate Access
D) None

--- Answer is-----> C) Primary Rate Access

37. What does IMPS stand for?

A) Immediate Payment System
B) Immediate Payment Service
C) Intermediate Payment Service
D) Intermediate Payment System

--- Answer is-----> B) Immediate Payment Service

38. What does RTGS stands for?

A) Real Time Gross Settlement
B) Rear Time Gross Settlement
C) Right Time Gross Settlement
D) None

--- Answer is-----> A) Real Time Gross Settlement

39. What does USSD stand for?

A) Unique Supplementary Service Data
B) Unstructured Supplementary System Data
C) Unstructured Supplementary Service Data
D) None

--- Answer is-----> C) Unstructured Supplementary Service Data

40. What does AEPS stand for?

A) Aadhaar Enabled Payment System
B) Aadhaar Enabled Payment Service
C) Aadhaar Enabled Paisa System
D) None

--- Answer is-----> A) Aadhaar Enabled Payment System

41. What is the full form of DFS?

A) Digital Finance System
B) Digital Financial System
C) Digital Finance Services
D) Digital Financial Services

--- Answer is-----> D) Digital Financial Services

42. The UPI payment interface has been developed by?

A) UIDAI
B) NPCI
C) IRDA
D) None

--- Answer is-----> B) NPCI

43. Which type of deposit gets high interest rate?

A) Fixed deposits
B) Recurring deposits
C) Saving Deposit
D) None

--- Answer is-----> A) Fixed deposits

44. Payment Gateway is a merchant service authorizing payment for e-Businesses.

A) True
B) False

--- Answer is-----> A) True

45. What is RuPay?

A) ATM cum Debit Card
B) eWallet
C) UPI
D) None

--- Answer is-----> A) ATM cum Debit Card

46. On which of the following does the bank charge interest?

A) Deposit
B) Loan
C) Credit
D) Lottery

--- Answer is-----> B) Loan

47. What is the minimum age to open an account in a bank?

A) 18 Year
B) 12 Year
C) 10 Year
D) 21 Year

--- Answer is-----> C) 10 Year

48. Aadhaar card is a 12-digit identity card.

A) True
B) False

--- Answer is-----> A) True

49. What is the accident insurance amount in PMSBY?

A) 1 Lacs
B) 5 Lacs
C) 10 Lacs
D) 2 Lacs

--- Answer is-----> D) 2 Lacs

50. What is the maximum amount allowed in small accounts?

A) 10000
B) 100000
C) 50000
D) 200000

--- Answer is-----> C) 50000