Banking, Economic and Financial Awareness is a very important topic that every banking aspirant must prepare for Upcoming Bank PO & Clerk Exam. As lots of Bank Exams Like SBI PO, SBI Clerk, IBPS PO & Clerk, IBPS RRB PO & RRB Assistant are already in Queue so banking Aspirants should not miss this Section during their Preparation.
Banking Awareness is not only a part of the General Awareness section but it is also important from interview's point of view where the panel will expect you to be aware of the whereabouts of facts and figures related to banking industry.
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1. What are the services available under IMPS?
A. Funds Transfer and Remittances
B. Merchant Payments
C. NUUP
D. Both (A) and (B)
E. All of the Above
Answer & Explanation
E. All of the Above
Explanation: The services available under IMPS are Funds Transfer and Remittances, Merchant Payments, NUUP, QSAM
2. What is the full form of NUUP?
A. National Unified USSD Protocol
B. National Unitied USSD Platform
C. National Unitied USSD Protocol
D. National Unified USP Platform
E. National Unified USSD Platform
Answer & Explanation
E. National Unified USSD Platform
Explanation: NUUP – National Unified USSD Platform
3. Which of the following is a USSD based mobile banking service from NPCI that brings together all the Banks and Telecom Service Providers?.
A. WAP
B. QSAM
C. NUUP
D. Both (A) and (B)
E. Both (B) and (C)
Answer & Explanation
C. NUUP
Explanation: NUUP (National Unified USSD Platform) is a USSD based mobile banking service from NPCI that brings together all the Banks and Telecom Service Providers.
4. In NUUP, a customer can access banking services by just pressing ________ from his/her mobile phones.
A. *999#
B. #*99#
C. *99#
D. 1*99#
E. None of the Above
Answer & Explanation
C. *99#
Explanation: In NUUP, a customer can access banking services by just pressing *99# from his/her mobile phones. This service works across all GSM mobile handsets.
5. What is the full form of QSAM?
A. Quality Service on Aadhaar Mapper
B. Query Sending on Aadhaar Mapping
C. Query Service on Aadhaar Mapper
D. Quality Service on Aadhaar Mapping
E. Query Sending on Aadhaar Mapper
Answer & Explanation
C. Query Service on Aadhaar Mapper
Explanation: Query Service on Aadhaar Mapper
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