Disha Expert Team Solutions for Chapter: Digital Banking, Exercise 2: PRACTICE EXERCISE

Which of the following reason best explains the immunity of Smart Cards against any credit theft?

Which of the following statements is/are correct about PayZapp?

(i) It has been launched by ICICI Bank.

(ii) It can run on Android and iOS phones.

(iii) It needs to be registered with Aadhar.

An open source platform for mobile-to­ mobile fund transfers without account details launched by NPCI was?

Conversion of Physical form of share into electronic form is called:

Which of the following features fit for e-Banking?

Which of the following statements is correct with RuPay?

(i) International transactions lead to higher transactions costs. Such costs can be reduced by using RuPay card since processing will be done within the  country.

(ii) Transactions will be faster.

(iii) Users cannot get alerts for every transaction made through RuPay Card.

(iv) Processing fee for RuPay card compared with regular debit/credit cards will be considerably lower.

NFS is the largest network of shared automated teller machines (ATMs) in India. NFS stands for-

Which of the following challenges fall into the category of mobile banking solutions?

(i) To offer a common mobile banking solution to various types of devices.

(ii) Security of financial transactions is the most complicated challenge.

(iii) The customer may be sitting in any part of the world so banks need to ensure that the systems are up and running in a true 24 x 7 fashion.