Digital Financial

Tools
What is OTP?
1. OTP Full Form (One Time Password).
2. The maximum duration of the OTP expires is 10 minutes.
3. It is second layer of login security to the standard
username and password.
4. A one-time password is randomly generated , single-use
password.
5. OTP come in the registered mobile number.
6. Maximum 5 times resent request.
7. You can enter OTP incorrect maxi 3 times after 3 times
incorrect your will be blocked card for online transaction
, for ID secure.
8. Ex: Bank , Online Payment , etc.
Question on OTP?
1. Why is one time password safe?
(a) It is easy to generated (b) It cannot be shared (c)It is different for every access
(d) It is a complex encrypted password
2. How many number are there in the OTP issued by the bank?
(a) 4 (b) 5 (c) 6 (d) 8
3. Where are OTP sent?
(a) On registered mobile (b) On registered email (c) Online class on any mobile (d)
on both a and b
4. What is the time limit for OTP?
(a) Up to 5 minutes (b) for 10 minutes (c) Up to 30 minutes (d) there is no limit
What is QR Code ?
1. QR Code Full Form (Quick Response Code)
2. A QR code is a type of barcode that
contains a form of dots.
3. In QR Code have a of data and
information.
4. It can be scanned using a QR scanner or a
smartphone with a built-in camera.
5. Scanning a QR code with your phone
might open a URL in your phone’s web
browser.
Question on QR Code
1. Which of the following is used by banking industry for faster processing of large
volume of cheques?
(a) Bar-code Reader (b) OCR (C) MICR (d) OMR
2. What is QR code?
(a) Binary code (b) A type of bar code (c) Programming code (d) none of these
3. How many alphanumeric characters can be stored in QR Code ?
(a) 4296 (b) 5028 (c) 7089 (d) 10000
4. How many number can be stored in QR Code?
(a) 1024 (b) 5028 (c) 7089 (d) No limits
What is UPI?
1. UPI stand for (Unified Payment Interface).
2. UPI launch by NPCI (National Payment Cooperation of
India).
3. It is an application which is used to transfer money
direct from bank account.
4. UPI use the method of IMPS.
5. Without know account number we can transfer the
money through bank , by unique ID as like G mail.
6. Ex. Name@Bankname
7. Through UPI we can do online payment.
8. UPI is linked by bank account through our mobile
number.
Question on UPI
1. Which of the following is least secure method of authentication?
(a) Keycard (b) Fingerprint (c) Retina pattern (d) Password
2. UPI stand form?
(a) Unified Payment Interface (b) Find Pay Interface (c) Immediate Payment Interface (d) None of these
3. What are the charges for using UPI?
(a) RS. 0.50 per transaction (b) RS. 1 per transaction (c) RS 1.50 per transaction (d) free of cost

4. When did the UPI service begin?

What is AePS ?
1. It stands for (Aadhaar Enabled payment system).
2. It is developed by the National Payments
Corporation of India(NPCI).
3. It is one type of micro-ATM by giving just their
Adhar number.
4. it is use by only adhar card holder.
5. In AePS the password is our fingerprint.
6. Maximum limit is RS 50,000.
Question on AePS
1. Aadhaar is
(a) 12-digit number card (b) ID proof-issued by UIDAI (c) A saving account (d) both
(a) & (b)
2. What is Adhar seeding?
(a) Linked adhar card to bank account (b) Linked adhar card to post office (c)
Linked adhar card to gas connection (d) none of these
What is USSD ?
1. It stand for (Unstructured Supplementary Service
Data).
2. We can use the USSD code in smartphone or
keypad phone.
3. Through USSD we can connect to bank , for
connecting bank dial *99#.
4. Without internet we can connect to the bank.
5. USSD code is used in bank , to check mobile
balance , etc.
Question on USSD
1. Which of these is a mobile banking service?
(a) Balance enquiry (b) Account transaction (c) Payment (d) all of the above
2. What is the limit for fund transfer through USSD?
Rs 5,000/day (b) 1,50,000/yearly (c)Rs 20,000 (d) a and b
3. What is the transaction required by USSD?
(a) MMID (b) MPIN (c) Dial *99# (d) All of the above
What is Credit Card ?
1. The credit card give through the bank for
purchase card.
2. In credit card bank give limit for purchase.
3. In online shopping we should not give any
interest to bank.
4. Without any balance we can use the credit
card.
5. Credit card not apply to every people.
6. Interest charge is applied
What is debit card?
1. A Debit card provide by bank.
2. Debit card function like ATM card , cheque card.
3. We get debit card easily.
4. We use debit card for money withdrawal from bank.
5. We can remove the money from the ATM.
6. Through the debit card we can shop.
7. Interest charge is not applied.
Question credit card and debit card
1. What is RuPay debit card?
(a) Domestic debit card (b) Issued by NPC of India (c) Accepted by all ATMs and
PoS machines (d) all of the above
2. How many digits in a number printed on ATM-cum-Debit card?
(a) 12 (b) 14 (c) 16 (d) 10
3. Credit card is an essential component of :
(a) Electronic commerce (b) Internet commerce (c) both of the above
(d) none of the above