Q81. What feature is unique to AEPS compared to other digital financial tools?
a) Use of biometric authentication
b) Online fund transfer capabilities
c) High transaction limits
d) Need for internet access
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Correct Answer: a) Use of biometric authentication
Explanation: AEPS (Aadhaar Enabled Payment System) is unique for its use of biometric authentication, such as fingerprint verification, to secure and authorize transactions.
Q82. Which of the following is NOT a mode of connecting to the internet?
a) Hotspot
b) USB Tethering
c) QR Code
d) Wi-Fi
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Correct Answer: c) QR Code
Explanation: QR Codes are used for making payments or accessing information, not for connecting to the internet. Hotspot, USB Tethering, and Wi-Fi are all modes of internet connectivity.
Q83. Which application is used to access various e-Governance services on mobile devices?
a) UMANG APP
b) e-Wallet
c) UPI
d) RTGS
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Correct Answer: a) UMANG APP
Explanation: The UMANG APP (Unified Mobile Application for New-age Governance) is used to access various e-Governance services on mobile devices, providing a platform for government services and information.
Q84. What is the main advantage of using IMPS for fund transfers?
a) Immediate transfer availability
b) Physical bank visit requirement
c) High transaction fees
d) Limited to small amounts
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Correct Answer: a) Immediate transfer availability
Explanation: IMPS (Immediate Payment Service) provides the advantage of immediate transfer availability, allowing users to send and receive funds instantly at any time.
Q85. Which digital tool is typically used for secure online banking transactions?
a) OTP
b) USSD
c) e-Wallet
d) QR Code
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Correct Answer: a) OTP
Explanation: OTP (One-Time Password) is typically used for secure online banking transactions by providing a unique, temporary code to verify the identity of the user during the transaction.
Q86. What is the role of a QR Code in digital transactions?
a) To facilitate payments by scanning a code
b) To store large amounts of data
c) To provide offline access to funds
d) To manage physical documents
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Correct Answer: a) To facilitate payments by scanning a code
Explanation: QR Codes are used to facilitate payments by scanning the code with a mobile device, making transactions quick and easy by linking to payment information.
Q87. Which digital financial tool does NOT require internet access?
a) USSD
b) e-Wallet
c) UPI
d) RTGS
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Correct Answer: a) USSD
Explanation: USSD (Unstructured Supplementary Service Data) does not require internet access and can be used for various mobile banking services through text messages.
Q88. What does the acronym NEFT stand for?
a) National Electronic Funds Transfer
b) National Electronic Financial Transactions
c) Nationwide Electronic Funds Transfer
d) National Electronic Fund Transfer
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Correct Answer: a) National Electronic Funds Transfer
Explanation: NEFT stands for National Electronic Funds Transfer, a system used for transferring funds electronically between banks in India.
Q89. Which feature is common to both UPI and e-Wallets?
a) Facilitation of digital payments
b) Requirement for physical cash
c) Use of biometric authentication
d) Need for a bank visit
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Correct Answer: a) Facilitation of digital payments
Explanation: Both UPI (Unified Payment Interface) and e-Wallets facilitate digital payments, allowing users to conduct transactions electronically without the need for physical cash.
Q90. What does e-Governance aim to achieve with digital tools?
a) Improve government services and accessibility
b) Maintain manual government processes
c) Increase physical paperwork
d) Manage offline transactions
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Correct Answer: a) Improve government services and accessibility
Explanation: e-Governance aims to improve government services and accessibility by using digital tools to streamline processes and make services more available to citizens.