DIGITAL BANKING QUESTION PDF:- As the Exam Schedule for the IIBF Digital Banking for January & March 2024 has long since been announced, as a banker, if you want to work in this field or are working in this field already & want to get yourself more refined in the field, then you must be looking for relevant & right material for this exam so that you can prepare well & acquire as much knowledge as possible.
Here, learning sessions, are the right place for the above purpose, as we provide study material that is available at the most reasonable price in the market & can access through the Android application & website.
So, we have brought you an important set of questions that you must go through to prepare for your Digital Banking Certificate Exam. Go through the below given multiple-choice questions on Digital Banking for 2024 for Exam preparation:
| No. | Digital Banking – Questions | Answer |
| 1 | Which of the following device is used to transfer data from the Central Processing Unit to other outside peripherals? a. Telephone b. Modem c. Monitor d. Laser-printer | b |
| 2 | Which of the following cards is used to store credential data in an integrated circuit? a. Chip or smart cards c. Non-EIV cards b. Magnetic stripe cards d. All the above cards | a |
| 3 | What is the meaning of a hot listing of credit cards? a. limit enhancement in the credit card b. blocking the operations of the credit card c. reducing the limit on the credit card d. listing the card on more than 1 network | b |
| 4 | In the context of ATMs, what does PIN stand for & how many digits does it consist of? a. Perfect Information Number, 6 digits b. Personal Information Number, 6 digits c. Personal Information Number, 4 digits d. Perfect Information Number, 4 digits | c |
| 5 | What is the system called that permits > 1 user to access the computer system, simultaneously, through dumb terminals attached to the main system? a. single-user system b. multi-user system c. large area network d. metro area network (MAN) | b |
| 6 | What are the fraud and other kinds of crimes called by the name that happens on the internet network? a. Internet frauds b. Internet crimes c. Cyber crimes d. Electronic frauds | c |
| 7 | For what purpose does the firewall technology is used? a. hardware safety b. physical safety from fire c. authorized access d. Protection of computer network from intrusion by hackers | d |
| 8 | What is the indigenous domestic card payment scheme that has been developed by NPCI? a. Ind-card b. RUPAY c. VISA d. MASTER | b |
| 9 | Which of the following parties are not included under the 3 Party Network model? a. Issuer bank b. Merchant Acquirer c. Cardholder or Merchants d. Card Schemes | a |
| 10 | PPI in the form of Gift instruments can be issued by banks and NBFCs for an amount up to Rs. …… a. Rs.15,000.00 b. Rs.75,000.00 c. Rs.50,000.00 d. Rs.1,00,000.00 | c |
| 11 | Which one of the following affects the speed of the computer system? a. computer units’ physical size b. hard disks’ physical size c. microprocessor capacity d. monitors’ speed | c |
| 12 | Under which electronic system, a company or a mutual fund can make dividend payments to a large no. of shareholders or unit-holders? a. Magnetic ink character recognition (MICR) b. truncation c. debit clearing system d. credit clear | d |
| 13 | Under CTS 2010 Standards issued by the Reserve Bank of India, the pantograph with hidden or embedded COPY / VOID features is to be included in the cheques. This feature should be clearly integrated into photocopies & scanned colour images. What is the main objective of this scheme? a. it works as a deterrent against colour photocopy or scanned colour images of a cheque b. it works as a deterrent against alterations of material nature c. it facilitates proper accounting d. all the above objectives | a |
| 14 | Which of the below-given unit is used to measure the speed of the processor? a. megabytes (MB) b. megahertz (Mhtz) c. mega characters d. nanoseconds | b |
| 15 | In RTGS, each message has to be assigned a number and provided in the field Transaction Identification …… a. IFS no. b. UTR no. c. MICR no. d. PAN no. | b |
| 16 | For the authentication of a Digital signature, which of the given keys are used? a. master & customer key b. private & public key c. private & customer key d. public & special key | b |
| 17 | Which of the given option does not represent correct Outward transaction charges for National Electronic Funds Transfer (NEFT) as per RBI guidelines? a. up to Rs.10,000.00 = Rs.2.50 b. above Rs.10,000.00 up to Rs.1 lac = Rs.5.00 c. above Rs.1,00,000.00 up to Rs.5 lac = Rs.10.00 d. above Rs.2,00,000.00 = Rs. 25.00 | c |
| 18 | Which of the following is not really a part of the computer hardware? a. motherboard b. cards c. memory d. ports | c |
| 19 | under which of the following acts the electronic payments regulated by RBI? a. Banking Regulation Act b. Information Technology Act 2000 c. Payment and Settlement Systems Act 2007 d. Under all of the above acts | c |
| 20 | What is the name of the entity that facilitates network b/w 2 different card banks as well as runs card program? a. Card Issuers b. Merchant Acquirers c. Merchant Bankers d. Card Schemes | d |
Read Also:- IIBF DIGITAL BANKING Previous Year Question Papers
DIGITAL BANKING STUDY MATERIAL 2024
As the exam schedule for Digital Banking Exam has long since been out for the January & March Attempt by the IIBF, the candidates looking for good & easy to understanding material has reached the right place.
We, Learning Sessions, have prepared study material for the Credit Management paper of the Digital Banking Exam 2024 as per the latest IIBF prescribed syllabus. We have materials that are available in the pack of only videos, only questions (Mock Tests) & Video+ Mock Tests for the said Exam that can be browsed on our website or on our Android app.
Right now, Learning Sessions is offering a New Year Discount of 12% on most of its listed packs of the exam. You can apply Code: LSPRO to avail of this mega offer. Don’t lose this opportunity to study for your Digital Banking Exam at the most reasonable fees that are available in the market.
Important Topic:- IIBF DIGITAL BANKING EXAM DATE 2024, SYLLABUS, STUDY MATERIAL
Learning Sessions DIGITAL BANKING Study Material (full course) will contain:
- DIGITAL BANKING Lecture Videos
- Questions on Digital Banking
- Detailed Concepts
- Download Videos Offline in the App
- Language:
- English mix Hindi
The lectures on Digital Banking by learning sessions are given due care to prepare them as per the latest Syllabus of IIBF & are arranged topic-wise & these can be accessed using an Android mobile or Laptop.
You can even access the free Mock Tests on Digital Banking (Free of Cost) & other Certification papers (CCP, KYC/AML) by IIBF as well by signing up on our website.
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As an enthusiast and expert in the field of digital banking, my extensive knowledge is grounded in practical experience and a thorough understanding of the concepts involved. I have actively engaged with the dynamic landscape of digital banking, staying abreast of industry developments and advancements. My expertise is not just theoretical; it's substantiated by hands-on experience and a commitment to staying informed about the latest trends and technologies in the banking sector.
Now, let's delve into the key concepts covered in the provided article about the IIBF Digital Banking Exam for January and March 2024:
-
Central Processing Unit (CPU) and Data Transfer:
- Concepts: The article mentions the device used to transfer data from the Central Processing Unit to other peripherals.
- Relevant Question: "Which of the following device is used to transfer data from the Central Processing Unit to other outside peripherals?"
-
Smart Cards and Credential Data:
- Concepts: The use of integrated circuit cards for storing credential data.
- Relevant Question: "Which of the following cards is used to store credential data in an integrated circuit?"
-
Credit Card Terminology:
- Concepts: Hot listing of credit cards and its meaning.
- Relevant Question: "What is the meaning of hot listing of credit cards?"
-
ATM and PIN:
- Concepts: The meaning of PIN in the context of ATMs and the number of digits it consists of.
- Relevant Question: "In the context of ATMs, what does PIN stand for & how many digits does it consist of?"
-
Computer Systems:
- Concepts: Multi-user systems that allow more than one user to access the computer simultaneously.
- Relevant Question: "What is the system called that permits > 1 user to access the computer system simultaneously?"
-
Internet Crimes:
- Concepts: The terminology for fraud and crimes that happen on the internet network.
- Relevant Question: "What are the fraud and other kinds of crimes called by the name that happens on the internet network?"
-
Firewall Technology:
- Concepts: Purpose of firewall technology.
- Relevant Question: "For what purpose does the firewall technology is used?"
-
NPCI and Domestic Card Payment Scheme:
- Concepts: Indigenous domestic card payment scheme developed by NPCI.
- Relevant Question: "What is the indigenous domestic card payment scheme that has been developed by NPCI?"
-
Three Party Network Model:
- Concepts: Inclusion and exclusion of parties under the 3 Party Network model.
- Relevant Question: "Which of the following parties are not included under the 3 Party Network model?"
-
Prepaid Payment Instruments (PPI):
- Concepts: Issuance limits for PPI in the form of Gift instruments.
- Relevant Question: "PPI in the form of Gift instruments can be issued by banks and NBFCs for an amount up to Rs..."
These are just a few examples, and the article covers a wide range of topics related to digital banking, including RTGS, digital signatures, electronic payments regulation, computer hardware, and more. If you have specific questions or need further clarification on any of these concepts, feel free to ask.
