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CCC — Digital Finance Tools MCQ
25 Questions • CCC
20:00
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1
BHIM app stands for?
A
Bharat Highway Interface Mobile
B
Bharat Interface for Money
C
Banking and High Interface Mobile
D
Bharat India Mobile
2
QR code in UPI payment is used to?
A
Take photos
B
Quickly scan and pay without typing UPI ID
C
Print receipts
D
Check balance only
3
NEFT transfer minimum limit?
A
₹1
B
₹100
C
₹500
D
₹1000
4
Bank passbook in digital form is called?
A
e-Passbook / eStatement
B
e-Card
C
Digital Receipt
D
e-Invoice
5
Aadhaar card is used for UPI via?
A
Aadhaar OTP only
B
Biometric authentication (AEPS)
C
Password only
D
Signature
6
Two-factor authentication in net banking uses?
A
Only password
B
Password + OTP
C
Only biometric
D
Only PIN
7
e-Mandate allows?
A
One-time payments only
B
Recurring automatic payments (subscriptions, EMIs)
C
Cash withdrawals
D
Foreign exchange
8
PAN card is required for transactions above?
A
₹10,000
B
₹50,000
C
₹1,00,000
D
₹5,00,000
9
Cryptocurrency is a type of?
A
Physical currency
B
Digital/virtual currency using cryptography
C
Bank deposit
D
Government bond
10
GSTIN is used for?
A
Bank transfers
B
Goods & Services Tax registration and business identity
C
Aadhaar linking
D
PAN verification
11
PMJDY stands for?
A
Prime Minister Jan Dhan Yojana
B
Pradhan Mantri Jan Dhan Yojana
C
Public Manager Jan Dhan Yojana
D
Pradhan Minister Janta Dhan Yojana
12
MUDRA stands for?
A
Micro Units Development and Refinance Agency
B
Market Unit Digital Refinance Agency
C
Micro Union Development Agency
D
Money Unit Direct Agency
13
UPI transaction limit per day is generally?
A
₹5,000
B
₹10,000
C
₹1,00,000
D
₹50,000
14
NEFT operates in?
A
Real-time only
B
Batch processing mode
C
Only offline
D
Only mobile
15
Minimum amount for RTGS transfer is?
A
₹1,000
B
₹2,00,000
C
₹10,000
D
No minimum (since 2020)
16
EMI stands for?
A
Equal Monthly Installment
B
Equated Monthly Installment
C
Easy Monthly Income
D
Electronic Monthly Invoice
17
Credit card allows you to?
A
Spend from savings
B
Borrow money up to a limit
C
Only save money
D
Only transfer money
18
CVV on a card is?
A
Card Verification Value (3-digit security code)
B
Card Visual Verification
C
Computer Virus Validation
D
Cash Verification Value
19
Mobile banking requires?
A
Only laptop
B
Registered mobile number with bank app
C
Only desktop
D
Only ATM card
20
Phishing in digital finance is?
A
Legitimate banking
B
Fraudulent attempt to steal financial info
C
Investment strategy
D
Tax payment method
21
SBI stands for?
A
Standard Bank of India
B
State Bank of India
C
System Bank of India
D
Social Bank of India
22
IFSC code is used for?
A
Identifying bank branch for transfers
B
Internet speed check
C
File sharing
D
Email verification
23
Digital Rupee is issued by?
A
RBI
B
SEBI
C
NPCI
D
Google
24
GST full form?
A
Goods and Services Tax
B
General Sales Tax
C
Government Service Tax
D
Gross Sales Tax
25
What is a PIN in banking?
A
Personal Identification Number
B
Payment In Network
C
Private Internet Number
D
Public Identity Name
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