Banking Quiz-3

Bank has implemented _______ for online payments for purchases as precaution while doing online banking.

Which among the following is the security issue related to mobile banking?

________ is one of the most commonly used forms of cyber-attack.

______ is not a paper based ways of transferring money.

Assertion: The customer is no more the customer a particular branch.

Reason: CBS is networking of branches, which enables customers to operate their accounts from a branch on CBS network.

In case a transaction fails at an ATM and the account is also debited, the customer should lodge a complaint with the card issuing bank at the earliest. As per the RBI instructions banks have been mandated to resolve customer complaints by re-crediting the customer’s account within ______ from the date of complaint.

Choose the correct order of SMS payment process:

1. The cost of the purchase is added to the monthly phone bill.

2. The provider clears the transaction between the purchaser and the vendor.

3. With the SMS payment system purchasers send a text message to pay for an item or service.

4. This text message is sent to mobile payment providers.

Front office is responsible to take care of following functions except

RTGS as well as NEFT uses

Bank Operations is segregated into ___ areas.