Banking & E-Commerce MCQs (201-300)

  1. “Digital Divide” means –
    A) Gap between digital users and non-users
    B) Difference between cities
    C) Difference in income
    D) None
    Answer: A

  2. The full form of IoT is –
    A) Internet of Things
    B) Integration of Technology
    C) Input of Transmission
    D) Internet of Trade
    Answer: A

  3. “E-Banking” does not include –
    A) ATM transactions
    B) Online banking
    C) Passbook printing
    D) Mobile banking
    Answer: C

  4. What does API stand for?
    A) Application Programming Interface
    B) Automatic Payment Integration
    C) Application Payment Indicator
    D) Advanced Protocol Interface
    Answer: A

  5. Which of the following is an e-commerce challenge?
    A) Cyber security
    B) Instant delivery
    C) Free service
    D) All of the above
    Answer: A

  6. What is “Digital Signature”?
    A) Electronic authentication of documents
    B) Physical signature
    C) Image stamp
    D) None
    Answer: A

  7. “PCI DSS” standards relate to –
    A) Card payment security
    B) Tax laws
    C) Data analytics
    D) Insurance
    Answer: A

  8. Which platform provides “Buy Now Pay Later” option?
    A) Simpl B) Twitter C) Google Docs D) Yahoo
    Answer: A

  9. “Dropshipping” refers to –
    A) Selling goods without holding inventory
    B) Warehousing system
    C) Cash collection service
    D) Courier business
    Answer: A

  10. “Chatbot” is used for –
    A) Automated customer support
    B) Online gaming
    C) Social networking
    D) None
    Answer: A

  11. The “Startup India” initiative was launched in –
    A) 2016 B) 2014 C) 2017 D) 2019
    Answer: A

  12. The abbreviation “AI” stands for –
    A) Artificial Intelligence B) Automated Internet C) Advanced Information D) Artificial Intranet
    Answer: A

  13. The full form of SMS is –
    A) Short Message Service B) Secure Message Service C) Social Media Service D) Small Mail System
    Answer: A

  14. Which of these is not a social media platform?
    A) LinkedIn B) Instagram C) YouTube D) Zoom
    Answer: D

  15. Which company acquired Flipkart in 2018?
    A) Walmart B) Amazon C) Google D) Meta
    Answer: A

  16. “QR Code” stands for –
    A) Quick Response Code B) Quality Result Code C) Quick Record Code D) Query Result Code
    Answer: A

  17. The main objective of UPI is –
    A) Instant fund transfer via mobile
    B) Offline lending
    C) Card payments only
    D) None
    Answer: A

  18. The “BHIM” app was launched in –
    A) 2016 B) 2014 C) 2017 D) 2018
    Answer: A

  19. Which of the following is a cybercrime?
    A) Hacking B) Phishing C) Identity theft D) All of these
    Answer: D

  20. The “UIDAI” issues –
    A) Aadhaar numbers B) PAN cards C) Voter IDs D) Passports
    Answer: A

  21. The full form of ERP is –
    A) Enterprise Resource Planning B) Enterprise Return Policy C) Electronic Retail Planning D) Enterprise Resource Production
    Answer: A

  22. The abbreviation “URL” means –
    A) Uniform Resource Locator B) Universal Research Link C) Universal Resource Log D) Unified Remote Link
    Answer: A

  23. Which of these is an e-commerce payment method?
    A) Net Banking B) Debit Card C) Credit Card D) All of these
    Answer: D

  24. “Digital Marketing” focuses on –
    A) Online promotion of products
    B) Radio advertising
    C) Newspaper advertising
    D) Offline retail
    Answer: A

  25. The full form of IP address is –
    A) Internet Protocol Address B) Internal Port Address C) Interconnected Platform D) None
    Answer: A

  26. The first website was launched in –
    A) 1991 B) 1995 C) 1989 D) 1997
    Answer: A

  27. “Spam” refers to –
    A) Unwanted emails B) Secure messages C) Government notifications D) None
    Answer: A

  28. The abbreviation “VPN” is used for –
    A) Virtual Private Network B) Verified Public Node C) Virtual Protocol Network D) None
    Answer: A

  29. Which technology allows online shopping websites to remember users?
    A) Cookies B) Cache C) RAM D) None
    Answer: A

  30. Which organization handles e-KYC for Aadhaar?
    A) UIDAI B) RBI C) NPCI D) SEBI
    Answer: A

  31. “Cyber Law” in India is governed by –
    A) IT Act 2000 B) Banking Regulation Act C) RBI Act D) Income Tax Act
    Answer: A

  32. The “e-Kranti” initiative relates to –
    A) E-Governance B) Agriculture C) Banking D) Education
    Answer: A

  33. “Data Privacy” ensures –
    A) Protection of personal data B) Data duplication C) Public sharing D) None
    Answer: A

  34. Which is the largest search engine globally?
    A) Google B) Bing C) Yahoo D) DuckDuckGo
    Answer: A

  35. Which of these is not an e-commerce website?
    A) SBI B) Amazon C) Flipkart D) eBay
    Answer: A

  36. “Web Hosting” means –
    A) Providing server space for websites B) Creating blogs C) Installing apps D) None
    Answer: A

  37. Which is the world’s first cryptocurrency?
    A) Bitcoin B) Ethereum C) Litecoin D) Ripple
    Answer: A

  38. “Digital Currency” issued by RBI is called –
    A) e₹ (Digital Rupee) B) eRBI C) eCash D) None
    Answer: A

  39. The abbreviation “DNS” means –
    A) Domain Name System B) Data Network Service C) Domain Network Storage D) Digital Node Setup
    Answer: A

  40. Which of these is a “Search Engine”?
    A) Google B) Facebook C) Instagram D) WhatsApp
    Answer: A

  41. “Captcha” is used to –
    A) Verify human users B) Send OTP C) Encrypt passwords D) Block malware
    Answer: A

  42. What is “Ransomware”?
    A) Malware that demands payment to unlock data B) Firewall software C) Legal antivirus D) None
    Answer: A

  43. The “Cyber Swachhta Kendra” was launched by –
    A) Government of India B) RBI C) NPCI D) NASSCOM
    Answer: A

  44. “E-Tendering” refers to –
    A) Online process of government bidding B) Buying shares C) Banking transactions D) None
    Answer: A

  45. Which company owns “Instagram”?
    A) Meta B) Google C) Microsoft D) Amazon
    Answer: A

  46. Which app is used for online travel booking?
    A) MakeMyTrip B) BigBasket C) Amazon D) Zoom
    Answer: A

  47. “Dark Web” is associated with –
    A) Illegal online activities B) Cloud storage C) Secure business D) None
    Answer: A

  48. The term “Net Neutrality” refers to –
    A) Equal access to all Internet content B) Restriction of data C) Paid prioritization D) None
    Answer: A

  49. “FinTech startups” primarily deal in –
    A) Digital financial services B) Agriculture C) Textiles D) Mining
    Answer: A

  50. “Augmented Reality” is used in –
    A) Virtual product try-ons B) File encryption C) Payment systems D) None
    Answer: A

  51. “ChatGPT” is an example of –
    A) AI language model B) Payment system C) CRM software D) Antivirus
    Answer: A

  52. The abbreviation “SaaS” means –
    A) Software as a Service B) System as a Server C) Storage as a System D) None
    Answer: A

  53. “Digital Twin” technology creates –
    A) Virtual replica of physical systems B) Two websites C) Duplicate passwords D) None
    Answer: A

  54. The “eNAM” platform deals with –
    A) Agricultural marketing B) Insurance C) Banking D) Tourism
    Answer: A

  55. The abbreviation “RPA” means –
    A) Robotic Process Automation B) Retail Payment App C) Rural Payment Access D) None
    Answer: A

  56. Which is not an e-commerce payment gateway?
    A) HDFC B) Razorpay C) PayU D) CCAvenue
    Answer: A

  57. “Hyperlocal Delivery” means –
    A) Delivery within small geographic area B) Nationwide delivery C) International shipping D) None
    Answer: A

  58. “OTT platforms” deliver –
    A) Online video streaming content B) Banking services C) Textbooks D) None
    Answer: A

  59. The full form of “AICTE” is –
    A) All India Council for Technical Education B) All India Committee for Telecom Education C) Artificial Intelligence Council D) None
    Answer: A

  60. “Data Breach” means –
    A) Unauthorized access to confidential data B) Data backup C) Cloud syncing D) None
    Answer: A

  61. The “Digital Locker” system is managed by –
    A) MeitY (Government of India) B) RBI C) NPCI D) SEBI
    Answer: A

  62. “Crowdfunding” means –
    A) Raising small funds from many investors online B) Government grant C) Bank loans D) None
    Answer: A

  63. Which of the following is a biometric authentication method?
    A) Fingerprint B) Password C) PIN D) OTP
    Answer: A

  64. “Cybercrime Cells” in India work under –
    A) State Police Departments B) RBI C) SEBI D) NPCI
    Answer: A

  65. “Data Mining” means –
    A) Extracting useful information from data B) Destroying data C) Encrypting data D) None
    Answer: A

  66. “E-commerce giants” means –
    A) Large online retail companies B) Bank lenders C) Government portals D) None
    Answer: A

  67. “Social Engineering” in cybersecurity refers to –
    A) Manipulating people to reveal confidential info B) Building networks C) Software installation D) None
    Answer: A

  68. “Adware” means –
    A) Software displaying unwanted ads B) Antivirus C) Firewall D) None
    Answer: A

  69. “IoT” devices work using –
    A) Internet connectivity B) Paper logs C) Manual entry D) None
    Answer: A

  70. “Spam filters” are used to –
    A) Block unwanted emails B) Send newsletters C) Track orders D) None
    Answer: A

  71. “Myntra” is primarily known for –
    A) Fashion e-commerce B) Food delivery C) Education D) Finance
    Answer: A

  72. “Zomato” operates on –
    A) Food delivery model B) E-learning C) Health insurance D) None
    Answer: A

  73. The “DigiLocker” app stores –
    A) Government-issued documents B) Emails C) Media files D) Shopping receipts
    Answer: A

  74. “BYOD” stands for –
    A) Bring Your Own Device B) Buy Your Online Data C) Bring Your Online Debit D) None
    Answer: A

  75. Which of these is a “Digital Advertising” platform?
    A) Google Ads B) IRDAI C) SEBI D) None
    Answer: A

  76. “SMS Alerts” are part of –
    A) Mobile Banking B) Internet Banking C) ATM services D) None
    Answer: A

  77. “e-Banking” increases –
    A) Customer convenience B) Manual errors C) Paperwork D) None
    Answer: A

  78. Which of these is a digital lending app?
    A) KreditBee B) Myntra C) MakeMyTrip D) Swiggy
    Answer: A

  79. “Meta” was formerly known as –
    A) Facebook B) Google C) WhatsApp D) Twitter
    Answer: A

  80. “X” (formerly Twitter) was acquired by –
    A) Elon Musk B) Mark Zuckerberg C) Jeff Bezos D) Sundar Pichai
    Answer: A

  81. “UPI Lite” is designed for –
    A) Small value offline transactions B) Credit loans C) RTGS D) Cheque clearing
    Answer: A

  82. “ONDC” in India stands for –
    A) Open Network for Digital Commerce B) Online National Digital Channel C) Open National Data Cloud D) None
    Answer: A

  83. “Geo-tagging” means –
    A) Attaching geographical info to data/photos B) Changing passwords C) Encrypting emails D) None
    Answer: A

    1. The full form of HTTP is –
      A) HyperText Transfer Protocol
      B) High Tech Transfer Program
      C) Hyper Transfer Text Page
      D) Host Type Transfer Protocol
      Answer: A

    2. The full form of HTML is –
      A) HyperText Markup Language
      B) HighText Marking Language
      C) Hyper Technical Markup Language
      D) Hyper Transfer Module Language
      Answer: A

    3. The “.com” domain extension is generally used for –
      A) Commercial websites
      B) Educational institutions
      C) Government sites
      D) Non-profit organizations
      Answer: A

    4. “Firewall” in computer networks is used to –
      A) Prevent unauthorized access
      B) Increase data transfer speed
      C) Delete old files
      D) Design web pages
      Answer: A

    5. “Encryption” means –
      A) Converting data into a secret code
      B) Compressing files
      C) Copying data
      D) Transferring data without security
      Answer: A

    6. Which of the following is a cloud storage service?
      A) Google Drive
      B) Amazon
      C) LinkedIn
      D) Flipkart
      Answer: A

    7. Which one is not an online payment system?
      A) RTGS
      B) NEFT
      C) IMPS
      D) Cheque
      Answer: D

    8. “Digital Wallet” is used to –
      A) Store money electronically for online payments
      B) Keep physical currency
      C) Print bank statements
      D) Issue cheque books
      Answer: A

    9. The “Captcha” test helps prevent –
      A) Automated bots
      B) File uploads
      C) Software updates
      D) Online shopping
      Answer: A

    10. “Malware” refers to –
      A) Malicious software designed to harm systems
      B) Antivirus software
      C) Data backup program
      D) Payment gateway
      Answer: A

    11. “Pharming” is –
      A) Redirecting users to fake websites
      B) Online farming app
      C) Safe email marketing
      D) None
      Answer: A

    12. Which of these is a “Business-to-Government (B2G)” transaction?
      A) E-tender submission to a government portal
      B) Amazon shopping
      C) Retail purchase
      D) Bank deposit
      Answer: A

    13. “Click and Mortar” business means –
      A) Combination of online and offline business
      B) Only physical stores
      C) Only digital stores
      D) None
      Answer: A

    14. “Cyber Forensics” deals with –
      A) Investigation of digital crimes
      B) Hardware repair
      C) Website design
      D) Social networking
      Answer: A

    15. The “Digital Rupee (e₹)” pilot by RBI started in –
      A) 2022
      B) 2020
      C) 2021
      D) 2019
      Answer: A

    16. “Cookies Policy” on websites is related to –
      A) User data privacy and consent
      B) Food delivery services
      C) Banking regulations
      D) Software installation
      Answer: A

    17. The “Information Technology Act” in India came into force in –
      A) 2000
      B) 1995
      C) 2005
      D) 2010
      Answer: A

Leave a Comment

Your email address will not be published. Required fields are marked *

You cannot copy content of this page

Scroll to Top