Digital Financial Tools and Applications important MCQs in English/Hindi | Nielit Notes | PDF

In this post, we cover all important Questions from the topic "Digital Financial Tools and Applications".

These MCQs will definitely help to pass IT and Computer students in any exam and interview that have Digital Financial Tools and Applications topic.

The Digital Financial Tools and Applications chapter covers the following topics:

1. Digital Financial Tools.
2. Understanding OTP [One Time Password].
3. QR [Quick Response] Code.
4. UPI [Unified Payment Interface].
5. AEPS [Aadhaar
6. Enabled Payment System].
7. USSD[Unstructured Supplementary Service Data].
8. Card [Credit / Debit].
9. eWallet.
10. PoS [Point of Sale].
11. Internet Banking.
12. National Electronic Fund Transfer (NEFT).
13. Real Time Gross Settlement (RTGS).
14. Immediate Payment Service (IMPS).
15. Online Bill Payment.

After completion of the Digital Financial Tools and Applications unit, Students are expected to be familiar with the following

• Know the Digital Financial tools.
• Get Knowledge of Internet Banking modes.
• Get familiar with eGovernance Services, eCommerce, and Mobile Apps.
• Use the Digital Locker and will be able to store documents in Digital Locker.

Digital Financial Tools and Applications MCQs

Here are the 25 most important and frequently asked Objective type questions from the chapter Digital Financial Tools and Applications.

1. What is the full form of IMEI?

a) Internet Mobile Equipment Identity

b) International Mobile Electronic Identity

c) International Mobile Equipment Identity

d) None

Ans.c)International Mobile Equipment Identity

2. Which of the following is considered as first web browser?

a) Nexus

b) Netscape Navigator

c) Internet Explorer

d) Mosaic

Ans.a) Nexus

3. What is the full form of DFT?

a) Digital financial Tools

b) Digital dynamic Tools

c) Dynamic Financial Tools

d) None

Ans.a) Digital financial Tools

4. By what other name do you know Credit Card?

a) Soft money

b) Easy money

c) Hard money

d) Plastic money

Ans. d)Plastic money

5. How many digits are there in the printed number on the ATM debit card?

a) 12

b) 14

c) 16

d) 10

Ans. c)16

6. online registration in the hospital can be done through?

a) Internet

b) Calc

c) SMIS

d) HMIS

Ans. d)HMIS

7. Which topology is used by FDDI?

a) Bus Topology

b) Ring Topology

c) Dual Ring Topology

d) Mesh Topology

Ans.c) Dual Ring Topology

8. What is the full form of BHIM?

a) Unified Payment Interface

b) Bharatiya Interface Money

c) International Banking Payment

d) Bharat Interface For Money

Ans. d)Bharat Interface For Money

9. Which of the following layer is an end-to-end layer?

a) Data Link Layer

b) Transport Layer

c) Network Layer

d) Physical Layer

Ans.b) Transport Laye

10. How many numbers can be stored in a QR code?

a) 1024

b) 5028

c) 7089

d) No limit

Ans. c)7089

11. POS Stands for?

a) Part of Sale

b) Point of Sale

c) Power on Switch

d) None of these

Ans.b) Point of Sale

12. Mail access with a client when a user needs to download email from the.

a) Mail Host

b) Mail Server

c) Mail Box

d) Internet

Ans.b) Mail Server

13. Internet explorer is a type of?

a) Operating system

b) Compiler

c) IP Address

d) Browser

Ans.d) Browser

14. What does 'T' mean in RTGS?

a) Tea

b) Time

c) Today

d) Transfer

Ans. b)Time

15. What is the full name of MMID?

a) Mobile Money Identify

b) Mobile Money Identifier

c) Both

d) None

Ans. b)Mobile Money Identifier

16. What Is Meant By 'aadhaar Seeding'?

a) Aadhar Linking With Bank

b) Converting Something In The Base

c) Linking Aadhaar With Mobile Sim

d) None Of These

Ans. a)Aadhar Linking With Bank

17. A host on the Internet finds another host by its

a) Postal address

b) Electronic address

c) IP address

d) None of above

Ans.c) IP address

18. When was QR Code first used?

a) 1990

b) 1993

c) 1994

d) 1995

Ans. c)1994

19. UPI is developed by ?

a) State Bank of India

b) Reserve Bank of India

c) National Payment Corporation of India

d) Indian Payment Gateway

Ans. c) National Payment Corporation of India

20. The facilities available in the internet are

i) Electronic mail

ii) Remote login

iii) File transfer

iv) Word processing

a) (i) and (ii) - (i)

b) (i), (ii) and (iv)

c) (i), (ii) and (iii)

d) (ii), (iii) and (iv)

Ans.c) (i), (ii) and (iii)

21. ARPANET stands for

a) Advanced Research Projects Agency Network

b) Advanced Research Project Agency Network

c) Asymmetric Routing Project Advance Network

d) None of the option

Ans. a) Advanced Research Projects Agency Network

22. FTP is built on architecture.

a) P2P 

b) IM

c) IRC 

d) Client-Server

Ans.d) Client-Server

23. MICR is used to perform which of the following functions?

a) Read the Barcode

b) Play Computer Games

c) Check MCQ Paper

d) Read Cheque & Credit Card

Ans.d) Read Cheque & Credit Card

24. Each computer connected to the internet is called ))

a) Client/server

b) Search engine

c) Web browser

d) None of above

Ans.a) Client/server

25. .......Helps in faster disposal of a large number of checks in the banking sector?

a) OMR

b) OCR

c) Bar code reader

d) MICR

Ans. d)MICR