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E - Banking

Description: E- banking
Number of Questions: 15
Created by:
Tags: E- banking E-banking Companies, Brand names/ Products Business GK
Attempted 0/15 Correct 0 Score 0

Which was the first bank to introduce Credit Cards in India?

  1. Bank of India

  2. Global Trust Bank

  3. IndusInd Bank

  4. Central Bank of India

  5. Union Bank of India


Correct Option: D
Explanation:

Option 4 is correct.

Banks/Financial Organisations rely heavily on e-commerce these days for their transactions. As a part of system security, e-commerce has introduced organisation's security awareness manually. This step of the organisation can be classified under which of the following categories for a business?

  1. Preventive

  2. Compliance

  3. Corrective

  4. Detective

  5. None of these


Correct Option: A
Explanation:

Option 1 is correct.

Which bank has issued Visa Mini Card, smallest payment card of India?

  1. State Bank of India.

  2. ICICI Bank Ltd.

  3. HDFC Bank Ltd.

  4. Panjab National Bank.


Correct Option: B

Which of the following conducts Shared Payment Network System (SPNS)?

  1. Reserve Bank of India

  2. State Bank of India

  3. Indian Banks' Association

  4. National Institute of Bank Management

  5. None of these


Correct Option: C
Explanation:

Indian Banks' Association conducts Shared Payment Network System (SPNS).

Which of the following statements is/are correct with respect to debit cards?

  1. The customer need not carry his chequebook and wait until approval.
  2. The customer presents his debit card to the seller and signs 'Sale Slip'.
  3. The amount of purchase is debited to the account of the customer.
  1. 1 only

  2. 2 only

  3. Both 1 and 2

  4. All 1, 2 and 3

  5. 3 only


Correct Option: D

Which is the first public sector bank that was included in Master Card ATM Network?

  1. Corporation Bank

  2. State Bank of India

  3. Canara Bank

  4. Bank of Baroda


Correct Option: C

Which of the following statements is/are correct in respect of Kisan Credit Card?

  1. Credit limit of cardholder is determined on the basis of ownership of agriculture land.

  2. Cash Credit facility in respect of all crops is provided on Kisan Credit Card.

  3. Limit of Kisan Credit Card depends upon scale of finance, which is decided by lead district bank and it varies from place to place.

  4. All of the above

  5. None of these


Correct Option: D
Explanation:

Option 4 is correct.

India Switch Company, which managed IBA's SWADHAN Network, has managed a new Network. What is the name of this new network?

  1. BANCS

  2. BANCASSURANCE

  3. BANKMASTER

  4. BANK PLUS


Correct Option: A

Shared ATM Network among Punjab National Bank, UTI Bank, Oriental Bank of Commerce and Indian Bank is called

  1. MITR

  2. Fast ATM

  3. CBS

  4. Wide ATM


Correct Option: A
Explanation:

 MITR is a Multi lateral ATM Network Sharing arrangement of 6 member Banks in India. It came into existence on 8 October 2003 with 5 member Banks.

Which is the first bank to introduce National Electronic Fund Transfer (NEFT) scheme?

  1. State Bank of India

  2. Canara Bank

  3. Corporation Bank

  4. Bharat Overseas Bank


Correct Option: A

Which is the first foreign bank to introduce 'Telebanking' services in India?

  1. Citi Bank

  2. Hongkong & Shanghai Banking Corporation

  3. Standard Chartered Bank

  4. Chase Manhattan Bank


Correct Option: A

Which statement is incorrect with regard to General Credit Card (GCC) scheme?

  1. GCCs are issued by commercial banks to meet general credit requirement of customers in rurl/semi-urban areas

  2. Total credit facility under a GCC for an individual should not exceed Rs. 25,000

  3. Banks should not insist for collateral securities while issuing GCCs

  4. A loan disbursed under GCC Scheme is not a part of Priority Sector Lending


Correct Option: D

Which is the first public sector bank to introduce Website for imparting knowledge about crops, farming season, agriculture sector, soil etc?

  1. Syndicate Bank

  2. Union Bank of India

  3. Punjab National Bank

  4. State Bank of India


Correct Option: C

Which of the following statements is correct for a white label ATM?

  1. White label ATM is owned and operated by both banks and non-bank entities.

  2. White label ATM is owned and operated by banks only.

  3. White label ATM is owned and operated by non-bank entities only.

  4. White label ATM is stopped for operations due to some fraud.

  5. None of these


Correct Option: C
Explanation:

White label ATMs are the ATMs which are not owned and operated by banks but by private ATM service providers. 

Which is the first bank to introduce intra-bank inter-city Cheque Truncation System in India?

  1. State Bank of India

  2. Punjab National Bank

  3. Corporation Bank

  4. Bank of Baroda


Correct Option: B
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