Digital Financial Tools and Application

1. What is the Full form of UPI
   1. Undefined Porblem Interface
   2. Unauthorize Payment Interface
   3. Unified Payment Interface
   4. Undefined Payment Interface
   Show Answer

   Answer : C
   Explain: Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement.It introduced in 11 April 2016.
2. VR stands for ?
   1. Virtual Reality
   2. Vocal Ratio
   3. Virtual Response
   4. None of above
   Show Answer

   Answer : A
   Explain: Virtual reality (VR) is a simulated experience that gives user a 3D near-eye displays to give the user an immersive feel of a virtual world.
3. UMANG app helps to avail the services such as :
   1. Filling income tax
   2. Making Aadhaar and PF
   3. Booking a gas cylinder
   4. All of the above
   Show Answer

   Answer : D
   Explain: UMANG provides a single platform for all Indian Citizens to access pan India e-Gov services ranging from Central to Local Government bodies. Introduce in November 2017
4. How many languages available in umang app ?
   1. 12
   2. 13
   3. 14
   4. 15
   Show Answer

   Answer : B
   Explain: UMANG ( Unified Mobile Application for New Age Governance ) app initially, it support 13 language, but presently it supports upto 23 language.
5. What is the full form of IRCTC ?
   1. Indian Railway Care and Tourism Corporation
   2. Indian Railway Catering and Transport Coperate
   3. Indian Railine Caretaker and Tourism Corporation
   4. Indian Railway Catering and Tourism Corporation
   Show Answer

   Answer : D
   Explain: Indian Railway Catering and Tourism Corporation is an Indian public sector undertaking that provides ticketing, catering, and tourism services for the Indian Railways. Remind site name : www.irctc.co.in launch in 2014.
6. In which year Digilocker introduce ?
   1. 2012
   2. 2015
   3. 2018
   4. 2016
   Show Answer

   Answer : B
   Explain: DigiLocker allows access to digital versions of various documents including drivers licenses, vehicle registration certificates and academic mark sheets. It also provides 1 GB storage space.
7. What is the maximum size document can be upload in digilocker app ?
   1. 1 GB
   2. 10 GB
   3. 10 MB
   4. 10 KB
   Show Answer

   Answer : C
   Explain: The maximum size of any document or file uploaded to the DigiLocker is 10 MB.
8. Which of the following was the mpassport issued ?
   1. Ministry of Finace Affairs
   2. Ministry of Home Affairs
   3. Ministry of external Affairs
   4. Ministry of Road dept.
   Show Answer

   Answer : C
   Explain: The Ministry of External Affairs (MEA) is responsible for issuance of Passports to Indian Citizens through a network of 36 Passport offices across the India.
9. What is the full form of KYC ?
   1. Known your consumer
   2. Knownledge of your customer
   3. Known your card
   4. Known your customer
   Show Answer

   Answer : D
   Explain: KYC means Know Your Customer and sometimes Know Your Client. KYC check is the mandatory process of identifying and verifying the client's identity when opening an account and periodically over time.
10. When was Paytm launch in India ?
    1. 2015
    2. 2010
    3. 2016
    4. 2012
    Show Answer

    Answer : B
    Explain: Paytm was founded in August 2010 by Vijay Shekhar Sharma. Paytm Payments Bank Limited inaugurated on November 28, 2017.
11. File saved in Google Drive can be of maximum which size?
    1. 10 GB
    2. 1 TB
    3. 15 GB
    4. 20 GB
    Show Answer

    Answer : C
    Explain: A normal user can use only 15 GB in google drive for free.
12. Who started internet in India ?
    1. VSNL
    2. BSNL
    3. AIRTEL
    4. RELIANCE
    Show Answer

    Answer : A
    Explain: The first publicly available internet service in India was launched by state-owned Videsh Sanchar Nigam Limited (VSNL) on 15 August 1995.
13. Through which network does Open loT manage registration, deployment of sensors ?
    1. LSM
    2. HTTP
    3. X-GSN
    4. GSN
    Show Answer

    Answer : C
    Explain: X-GSN (Global Sensor Networks) : An Open-source Semantic Sensing Middleware for the Web of Things
14. AADHAR is a unique identity number issued by ?
    1. UBI
    2. UIAI
    3. UIDAI
    4. UBDAI
    Show Answer

    Answer : C
    Explain: Unique Identification Authority of India (UIDAI) introduced in 2009-2010.
15. E-payments can be one through ?
    1. Wallets
    2. Digital Wallets
    3. Cash
    4. None of the above
    Show Answer

    Answer : B
    Explain: An electronic payment is a digital transaction between two parties, with e-payment types including cards, bank transfers, digital wallets, mobile pay etx.