Q91. Which system is known for processing high-value transactions with immediate settlement?
a) IMPS
b) NEFT
c) RTGS
d) USSD
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Correct Answer: c) RTGS
Explanation: RTGS (Real-Time Gross Settlement) is known for processing high-value transactions with immediate settlement, ensuring real-time transfer of large sums.
Q92. What is the key benefit of using UPI for payments?
a) Requires physical card
b) Real-time transactions
c) High transaction fees
d) Complex authentication
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Correct Answer: b) Real-time transactions
Explanation: UPI (Unified Payment Interface) offers the key benefit of real-time transactions, allowing users to make instant payments and transfers between bank accounts.
Q93. What feature of the UMANG app enhances accessibility to government services?
a) Social media integration
b) Unified access to multiple services
c) Physical service centers
d) Traditional paperwork
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Correct Answer: b) Unified access to multiple services
Explanation: The UMANG app enhances accessibility by providing unified access to multiple government services from a single platform, streamlining user interactions.
Q94. What is the main purpose of a QR Code in digital transactions?
a) To store large amounts of data
b) To simplify and speed up payments
c) To encrypt sensitive information
d) To verify biometric data
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Correct Answer: b) To simplify and speed up payments
Explanation: QR Codes simplify and speed up digital payments by allowing users to quickly scan the code and complete transactions with minimal effort.
Q95. Which service uses biometric data for transaction verification?
a) NEFT
b) AEPS
c) IMPS
d) RTGS
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Correct Answer: b) AEPS
Explanation: AEPS (Aadhaar Enabled Payment System) uses biometric data for transaction verification, ensuring secure and authenticated transactions.
Q96. What does the term ‘e-Governance’ primarily refer to?
a) Traditional government procedures
b) Digital management of government services
c) Physical document handling
d) Offline communication methods
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Correct Answer: b) Digital management of government services
Explanation: e-Governance refers to the digital management of government services, leveraging technology to improve efficiency and accessibility.
Q97. What feature of a Point of Sale (PoS) system aids in retail transactions?
a) Online banking integration
b) Digital encryption
c) Transaction processing at physical locations
d) High-value transaction handling
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Correct Answer: c) Transaction processing at physical locations
Explanation: PoS (Point of Sale) systems aid in retail transactions by processing payments and managing sales at physical retail locations.
Q98. What is a primary function of an e-Wallet?
a) Physical card management
b) Securely storing payment information
c) Handling high-value transactions
d) Providing offline payment options
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Correct Answer: b) Securely storing payment information
Explanation: An e-Wallet’s primary function is to securely store payment information and facilitate electronic transactions, enhancing convenience and security.
Q99. Which payment method uses a physical card for transactions?
a) QR Code
b) e-Wallet
c) Debit Card
d) USSD
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Correct Answer: c) Debit Card
Explanation: Debit Cards use physical cards for transactions, allowing users to make payments directly from their bank account.
Q100. What does e-Governance help in reducing?
a) Internet usage
b) Transaction fees
c) Paperwork and bureaucratic delays
d) Digital security risks
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Correct Answer: c) Paperwork and bureaucratic delays
Explanation: e-Governance helps in reducing paperwork and bureaucratic delays by streamlining government processes and enhancing efficiency through digital means.