MCQOPTIONS
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MCQOPTIONS
This section includes 13 Mcqs, each offering curated multiple-choice questions to sharpen your Banking And Financial Awareness knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which card is known as 'Check Card': |
| A. | Debit Card |
| B. | Credit Card |
| C. | Both of The Above |
| D. | None of The Above |
| Answer» B. Credit Card | |
| 2. |
UnionPay debit card is concerned with which among the following country: |
| A. | Pakistan |
| B. | China |
| C. | Nepal |
| D. | None of The Above |
| Answer» C. Nepal | |
| 3. |
Some debit cards accepted only within a particular country or region. Which among the following pairs is correct: |
| A. | Maestro and Solo Card - United Kingdom |
| B. | Interac - Canada |
| C. | Carte Bleue - France |
| D. | EC electronic cash - Germany |
| E. | All of The Above |
| Answer» F. | |
| 4. |
PIN stands for: |
| A. | Portable Identification Number |
| B. | Permanent Identification Number |
| C. | Personal Identification Number |
| D. | None of The Above |
| Answer» D. None of The Above | |
| 5. |
POS stands for: |
| A. | Point of Service |
| B. | Point of Sale |
| C. | Point of Satisfaction |
| D. | None of The Above |
| Answer» C. Point of Satisfaction | |
| 6. |
Prepaid Debit cards are also called: |
| A. | Reloadable Debit Cards |
| B. | Loadable Debit Cards |
| C. | Relational Debit Cards |
| D. | None of The Above |
| Answer» B. Loadable Debit Cards | |
| 7. |
The prepaid bank card is also called: |
| A. | Convenience Gift Card |
| B. | Bank Gift Card |
| C. | Suitable Gift Card |
| D. | None of The Above |
| Answer» C. Suitable Gift Card | |
| 8. |
Which among the following benefits is associated with RuPay: |
| A. | International transactions lead to higher transactions costs. Such costs can be reduced by using RuPay card since processing will be done within the country. Also transactions will be faster |
| B. | Users will get alerts for every transaction made through RuPay Card |
| C. | Processing Fees for RuPay card compared with regular debit/credit cards will be considerably lower |
| D. | All of The Above |
| E. | None of The Above |
| Answer» E. None of The Above | |
| 9. |
______also provides a unified "Kisan Card" issued by banks across the country under Kisan Credit Card, enabling farmers to transact business on ATMs and POS terminals |
| A. | Maestro Card |
| B. | RuPay Card |
| C. | Forex Card |
| D. | None of The Above |
| Answer» C. Forex Card | |
| 10. |
Credit Card is an essential component of : |
| A. | Electronic Commerce |
| B. | Internet Commerce |
| C. | Both of The Above |
| D. | None of The Above |
| Answer» D. None of The Above | |
| 11. |
Credit Cards are a convenient substitute for _____: |
| A. | Cash |
| B. | Cheque |
| C. | Both of The Above |
| D. | None of The Above |
| Answer» D. None of The Above | |
| 12. |
RuPay debit card is similar to: |
| A. | Convenience Gift Card |
| B. | Bank Gift Card |
| C. | Suitable Gift Card |
| D. | None of The Above |
| Answer» C. Suitable Gift Card | |
| 13. |
The primary market for prepaid cards are_____people: |
| A. | Banked People |
| B. | Unbanked People |
| C. | Both of The Above |
| D. | None of The Above |
| Answer» C. Both of The Above | |