TECHNOLOGY IN RETAIL BANKING MCQ

Q.435. It is possible to do, anywhere anytime banking in India without    personal computer?
a.Internet,b.Mobilec.Telenetd.Intranet
Q.436. How many bowling business models are available in mobile   banking?
a. Bank focused, b. Bank Led  c. Non-bank Led, d.Multi Model, e. Above (a+b+c)
Q.437. Which banking business is useful for existing traditional   customers?
a. Bank focused,  b. Bank Led, c. Multi Model, d.Non-bank Led
Q.438. What is distrinctive feature of bank led Model under mobile   banking?
(a) Customer conducts financial transactions at a whole range of retail agentgs instead of bank branches
(b) Use of  non-traditional  low-cost delivery channel
(c) Bank does not  come into  picture
(d) Above (a) + (c)
Q.439. How does internet banking and mobile banking   differ?
(a) Mobile banking uses  cellular  technology  and GSM  net works
(b) Internet is based on sharing of standardization and automation
(c) Mobile transaction assists of your/mobile device and mobile transaction   providers
(d) Both (a) + (c)  only
Q440. In mobile transaction, what processes are needed for   performance?
(a) Identification/authentication/secure  performance
(b) GSM/GPRS/EDGE
(c) LAN/WAN/MAN
(d) WWW/e-mail/Telnet
Q.441. Mobile banking password is used   for
(a) Locking the mobile
(b) Opening the mobile
(c) Both (a) + (b)
(d) No password is  needed
Q.442. Discuss the advantages of  Mobile  Banking
(a) Cuts down the  costs
(b) Ability to cross sell other banking products and service +    (a)
(c) Avoids credit card frauds due to receipt of SMS by the account holders +   (b)
(d) Flashes balance of  account every  hour
Q.443. What are the various    services which are provided by mobile banking to the customers?
(a) Stop cheque    payment/issue of new cheque book/presentation of bills and its date of presentation.
(b) Remind the due dates of loans of vehicle/housing/consumer loan   accounts
(c) Every debit or credit transactions SMS on the same day above 10,000    when made through account.
(d) All above (a) to  (c)
Q.444. What information can be obtained by   mobile-banking?
(a) Mini-statement and checking of account of history/alerts on account activity/monitoring of term deposits
(b) Access to loan statement/card statements/mutual funds, equity statements/insurance policies management/pensions, plan management.
(c) Weather up-to-dates/new loyalty related offers/location based, services + (a) +   (b)
(d) Status of requests for credit including remortgage information/ insurance coverage + (c)    above.


ANSWER-

435 B
436 E
437 A
438 A
439 D
440 A
441 C
442 C
443 D
444 D

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