Q61. What is the primary benefit of using RTGS for transactions?
a) Instant transaction confirmation
b) Lower transaction fees
c) Handling large value transactions in real-time
d) Batch processing
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Correct Answer: c) Handling large value transactions in real-time
Explanation: RTGS (Real-Time Gross Settlement) is primarily beneficial for handling large-value transactions in real-time, providing immediate processing and settlement.
Q62. What type of payment system is UPI?
a) Real-time payment system
b) Batch processing system
c) Offline payment system
d) Prepaid payment system
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Correct Answer: a) Real-time payment system
Explanation: UPI (Unified Payment Interface) is a real-time payment system that facilitates instant transactions and fund transfers between bank accounts.
Q63. What does e-Governance primarily aim to enhance?
a) Physical infrastructure
b) Government service efficiency
c) Traditional paperwork
d) Offline document storage
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Correct Answer: b) Government service efficiency
Explanation: e-Governance aims to enhance the efficiency of government services by leveraging technology to streamline processes and improve accessibility for citizens.
Q64. What feature of an e-Wallet helps in secure transactions?
a) Physical card
b) Biometric authentication
c) Digital encryption
d) Manual entry of details
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Correct Answer: c) Digital encryption
Explanation: e-Wallets use digital encryption to secure transactions and protect user data, ensuring that payment information is transmitted securely.
Q65. Which system is ideal for transferring small amounts of money instantly?
a) RTGS
b) NEFT
c) IMPS
d) USSD
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Correct Answer: c) IMPS
Explanation: IMPS (Immediate Payment Service) is ideal for transferring small amounts of money instantly, providing real-time processing and immediate fund transfer.
Q66. What is the primary function of the e-Hospital system?
a) Managing railway bookings
b) Handling passport applications
c) Facilitating healthcare services online
d) Conducting elections
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Correct Answer: c) Facilitating healthcare services online
Explanation: e-Hospital systems facilitate the management of healthcare services online, including scheduling appointments and accessing health records.
Q67. What is the primary use of a USSD code in banking?
a) Transferring large sums of money
b) Managing high-value transactions
c) Performing simple transactions and checking balances
d) Accessing international services
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Correct Answer: c) Performing simple transactions and checking balances
Explanation: USSD codes are used for performing basic banking transactions and checking account balances without needing internet access.
Q68. Which app is used to access a range of government services on a mobile device?
a) e-Wallet
b) UMANG
c) IMPS
d) QR Code Scanner
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Correct Answer: b) UMANG
Explanation: The UMANG app provides a single platform for accessing a variety of government services on mobile devices, simplifying interactions with different government departments.
Q69. Which payment method uses a One-Time Password (OTP) for security?
a) Credit Card
b) Debit Card
c) UPI
d) USSD
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Correct Answer: c) UPI
Explanation: UPI (Unified Payment Interface) often uses a One-Time Password (OTP) to verify transactions and ensure security during digital payments.
Q70. What is the purpose of a Point of Sale (PoS) system?
a) To manage financial records
b) To handle transactions at retail locations
c) To track online payments
d) To monitor bank balances
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Correct Answer: b) To handle transactions at retail locations
Explanation: PoS (Point of Sale) systems are designed to handle transactions at physical retail locations, including processing sales and managing inventory.