Podcast
Questions and Answers
What is the purpose of a mobile wallet?
What is the purpose of a mobile wallet?
- Allows users to make purchases by scanning QR codes (correct)
- Only used for scanning QR codes
- Enables fund transfers via NEFT
- Used only for UPI payments
Which service is designed for real-time fund transfers?
Which service is designed for real-time fund transfers?
- NEFT
- UPI
- IMPS (correct)
- NACH Credit
How can users without a smartphone or internet connection access mobile banking facilities?
How can users without a smartphone or internet connection access mobile banking facilities?
- By using QR codes
- By dialing *99# (correct)
- Through NEFT transactions
- Via UPI payments
What does UPI stand for in the context of digital payments?
What does UPI stand for in the context of digital payments?
Which system is NOT mentioned in the text for electronic fund transfers?
Which system is NOT mentioned in the text for electronic fund transfers?
What is the primary function of IMPS in the context of payment services?
What is the primary function of IMPS in the context of payment services?
What technology allows users without a smartphone or data/internet connection to use facilities such as mobile banking by using the *99# code?
What technology allows users without a smartphone or data/internet connection to use facilities such as mobile banking by using the *99# code?
Which payment method is described as a virtual wallet in the form of a mobile app that allows you to make purchases simply by scanning a QR code at the merchant establishment?
Which payment method is described as a virtual wallet in the form of a mobile app that allows you to make purchases simply by scanning a QR code at the merchant establishment?
What technology is commonly used by mobile wallets like PayTM to enable instant confirmation for transactions?
What technology is commonly used by mobile wallets like PayTM to enable instant confirmation for transactions?
If a person can make payments using their mobile without carrying cash or cards, which technology are they most likely using?
If a person can make payments using their mobile without carrying cash or cards, which technology are they most likely using?
Which technology is specifically mentioned as being beneficial for users without access to smartphones and high-speed internet?
Which technology is specifically mentioned as being beneficial for users without access to smartphones and high-speed internet?
What type of transaction is described as fast and provides instant confirmation for both the sender and receiver?
What type of transaction is described as fast and provides instant confirmation for both the sender and receiver?
What are some key services provided through the dedicated and secure app of Mobile Banking?
What are some key services provided through the dedicated and secure app of Mobile Banking?
What is one advantage of Mobile Banking mentioned in the text?
What is one advantage of Mobile Banking mentioned in the text?
What should users not do while using Mobile Banking according to the text?
What should users not do while using Mobile Banking according to the text?
What is Unified Payments Interface (UPI) according to the text?
What is Unified Payments Interface (UPI) according to the text?
What does UPI ID serve as, based on the text?
What does UPI ID serve as, based on the text?
Which of the following is NOT a recommended practice for using Mobile Banking based on the text?
Which of the following is NOT a recommended practice for using Mobile Banking based on the text?
