EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

Which of the following is known as Plastic Money?

I.  Demand draft

II. Credit Card

III. Debit Card

Select the correct answer using the codes given below

50% studentsanswered this correctly

Important Questions on Banking Innovation in India

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 6 - Banking Innovation in India>QUESTION BANK>Q 40
The term 'Plastic money' refers to
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 6 - Banking Innovation in India>QUESTION BANK>Q 41

'UIDAI' stands for ______.

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 6 - Banking Innovation in India>QUESTION BANK>Q 42
It is mandatory to quote the _____ on all large-value financial transactions.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 6 - Banking Innovation in India>QUESTION BANK>Q 43
A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known as:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 6 - Banking Innovation in India>QUESTION BANK>Q 44
The concept of 'Micro Credit' essentially concentrates on _____.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 6 - Banking Innovation in India>QUESTION BANK>Q 45
The Aadhaar Enabled Payment System (AEPS) is a bank-led model that facilitates banking correspondents across banks. However, Aadhaar enabled basic types of banking transactions do 'not' include _____.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 6 - Banking Innovation in India>QUESTION BANK>Q 46
Which of the following services related to the execution of transactions directly with consumers, rather than corporations or other banks?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Banking Awareness Learn Revise & Practice>Chapter 6 - Banking Innovation in India>QUESTION BANK>Q 47
Value added services means _____.