Application of Computers and Information Technology in Different Fields

1. In what context are “push and pull services” generally used in banking?

  1. Internet Banking
  2. Mobile Banking
  3. Core Banking
  4. Open Banking
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Answer: Option B. Mobile Banking

2. Which of the following does not fall under the category of payment card technology?

  1. Cryptocurrency
  2. Credit Card
  3. Debit Card
  4. Prepaid Card
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Answer: Option A. Cryptocurrency

3. Regarding credit or debit cards, which among these is a “Card not present transaction” example?

  1. ATM withdrawal
  2. POS purchase at a store
  3. Using a card at a restaurant
  4. Online Shopping
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Answer: Option D. Online Shopping

4. What is the main purpose of Core Banking Solutions?

  1. To manage employee payroll
  2. To market bank products and services
  3. To streamline and automate banking processes
  4. To ensure physical security at bank branches
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Answer: Option C. To streamline and automate banking processes

5. Which among these can be referred to as an electronic check?

  1. Debit Card
  2. Wire Transfer
  3. Money Order
  4. Cash
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Answer: Option A. Debit Card