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mainframe Online Quiz - 34

Description: mainframe Online Quiz - 34
Number of Questions: 20
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Tags: mainframe
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What is Credit Limit?

  1. The maximum limit that a customer can utilize the credit that was provided by the issuer.

  2. The maximum limit that a customer can withdraw money from the ATM.

  3. The minimum amount for which the customer can use his card for a single purchase.

  4. None of the above.


Correct Option: A
  1. It is the fee that will be charged if the customers don’t pay the Minimum due amount that was requested in the statement within the due date specified.

  2. It is the fee that will be charged if the customers don’t pay the Outstanding Balance that was requested in the statement within the due date specified.

  3. It is the fee that will be charged if the customers don’t pay the Outstanding Balance that was requested in the statement before the next Statement Day

  4. It is the fee that will be charged if the customers don’t pay the Minimum due amount that was requested in the statement before the next Statement Day


Correct Option: A

What is Annual Fee?

  1. It is the Membership fee which is charged annually.

  2. It is the Service Charge billed based on the number of transactions done in a Year.

  3. It is the fee Merchant bank pays to Issuer Bank annually

  4. None of the above


Correct Option: A

What are Rewards?

  1. These are gifts provided by the merchant to the customer.

  2. These are the points that will be acquired when the customer does a specific transaction.

  3. These are the points earned by the card member for increasing the credit limit.

  4. These are the points earned by the merchant for setting up the POS.


Correct Option: B

What is DD (Direct Debit)?

  1. It is the process paying the bills online every month through the customers saving’s account

  2. It is the process of paying the bills automatically after every transaction made by the customer through the customers saving’s account.

  3. It is the process of sending a automated notification to the customer reminding of the payment date and amount.

  4. It is the process paying the bills automatically every month through the customers saving’s account


Correct Option: D

What is Affinity card?

  1. It is the card where the Issuer is tied up with any social service group (some orphanage, old-age home, CRY, etc.,) and for every transaction/s, certain % will be donated to the group.

  2. It is the additional card offered to the relatives of customer card and for every transaction/s, certain points will be awarded.

  3. It is the promotional card offered to a customer with good behavior history

  4. It is the card where the Issuer is tied up with any other branded firms, through which every body get benefitted (ICICI Big Bazaar card, Citibank Indian Oil card, etc.)


Correct Option: A

What is Co-brand card?

  1. It is the card where the Issuer is tied up with any social service group (some orphanage, old-age home, CRY, etc.,) and for every transaction/s, certain % will be donated to the group.

  2. It is the additional card offered to the relatives of customer card and for every transaction/s, certain points will be awarded.

  3. It is the promotional card offered to a customer with good behavior history

  4. It is the card where the Issuer is tied up with any other branded firms, through which every body get benefitted (ICICI Big Bazaar card, Citibank Indian Oil card, etc.)


Correct Option: D

What is Sale slip?

  1. It is the slip that the customer will receive from the merchant when he does the credit card sale transaction

  2. It is the slip that the customer will receive from the bank when he does the credit card sale transaction

  3. It is the slip that the customer has to provide to the merchant when he does the credit card sale transaction

  4. None of these


Correct Option: A

What is Minimum Due Amount?

  1. It is the minimum amount that will be requested to pay every year.

  2. It is the minimum amount that will be requested to pay so that the customer will not go into delinquency

  3. It is the spend amount of the customer that needs to be paid every month.

  4. None of these


Correct Option: B

What is Billing Cycle/Date?

  1. It is the date a particular transaction (retail/cash) was done.

  2. It is the day of the every month on which the account will get cycle and the statement will get generated for that particular month.

  3. It is the day every year on which the e-statement for a particular account is generated.

  4. It is the day the account was opened.


Correct Option: B
  1. It is an offer provided by the issuer to the merchants.

  2. It is the plan which specifies the credit limit set by the issuer for a customer.

  3. It is an offer provided by the merchants to the customer.

  4. It is an offer provided by the issuer to the customer.


Correct Option: D
  1. It is the plan which specifies the credit limit, set by the issuer, for the supplementary cards held by a customer.

  2. It is the transaction detail(s) of the merchant that utilized the offers provided by the issuer.

  3. It is the individual/consolidated transaction details of the customer that utilized the offers.

  4. It is details of the supplementary credit cards held by the customer.


Correct Option: C

What happens when you swipe the card?

  1. Upon Swiping, the POS machine only checks for the authenticity of the card (Fake or Genuine).

  2. The customer details stored in the magnetic stripe will be sent to the system through POS to get the response for the transaction

  3. Upon Swiping, POS machine validates the credit limit stored on the magnetic stripe and approves/rejects the transaction.

  4. Swiping provides the merchant with all information needed for accounting purposes only.


Correct Option: B
  1. Closed End Credit is a secured one time borrowing and paying back in installments till the balance is cleared. Revolving Credit is risk based continuous process of utilizing within the credit limit and pays back the requested amount.

  2. Closed End Credit is a process of repayment which includes principal and interest paid on principal over a period of time. Revolving credit is a basic process of repayment of amount in equal installment over a period of time.

  3. Closed End Credit is risk based continuous process of utilizing within the credit limit and pays back the requested amount. Revolving Credit is a secured one time borrowing and paying back in installments till the balance is cleared.

  4. Closed End Credit will give a line of credit against which customer can borrow and make payments multiple times. Revolving credit can be treated as a separate loan and pay back money in easy and flexible installments.


Correct Option: A

What is a Statement?

  1. Statement includes the following details for a Calendar Month 1)All the transaction done by the customer for a Calendar Month 2)

  2. Statement includes the following details for that Cycle 1) All the transaction done by the customer for that Cycle 2)Late fees charged 3)Annual/Membership Fee charged 4)Interest charged 5) Minimum Due Amount 6)Payment Due Date 8)Current cycle date 9) Cur

  3. Statement includes the following details for the Previous Cycle 1)All the transaction done by the customer for the Previous Cycle 2)Late fees charged 3)Annual/Membership Fee charged4)Interest charged5)•

  4. Both B&C

  5. Minimum Due Amount 6)•Payment Due Date 7•Current cycle date 8)Current Due Amount 9)Past Due Amount 10) Payment details


Correct Option: B

What is Welcome Kit?

  1. It is the kit that contains the following things -1) Welcome Letter 2)Cheque Book 3) Credit card 4)Terms & Conditions 5)Vouchers if any 6)Fees details 7)Customer care center contact details

  2. It is the kit that contains the following things -1) Welcome Letter 2) Credit card 3) Terms & Conditions 4)Vouchers if any 5) Fees details 6)Customer care center contact details

  3. It is the kit sent to customer containing only the Welcome letter and care center contact details when the customer is eligible for the applied card.

  4. It is the kit send to the customer requesting him to apply for a credit card that conains the following details - 1)Application Form 2)General Terms & Conditions 3)Fees details 4) Customer care center contact details


Correct Option: B

What is a Statement?

  1. Statement includes the following details for a Calendar Month 1)All the transaction done by the customer for a Calendar Month 2)Late fees charged 3)Annual/Membership Fee charged 4)Interest charged 5)Minimum Due Amount 6)Payment Due Date 7)Current cycle da

  2. Statement includes the following details for that Cycle 1) All the transaction done by the customer for that Cycle 2)Late fees charged 3)Annual/Membership Fee charged 4)Interest charged 5) Minimum Due Amount 6)Payment Due Date 8)Current cycle date 9) Curr

  3. Statement includes the following details for the Previous Cycle 1)All the transaction done by the customer for the Previous Cycle 2)Late fees charged 3)Annual/Membership Fee charged4)Interest charged5)•

  4. Both B&C


Correct Option: B

What is a Statement?

  1. Statement includes the following details for a Calendar Month 1)All the transaction done by the customer for a Calendar Month 2)Late fees charged 3)Annual/Membership Fee charged 4)Interest charged 5)Minimum Due Amount 6)Payment Due Date 7)Current cycle da

  2. Statement includes the following details for that Cycle 1) All the transaction done by the customer for that Cycle 2)Late fees charged 3)Annual/Membership Fee charged 4)Interest charged 5) Minimum Due Amount 6)Payment Due Date 8)Current cycle date 9) Curr

  3. c) Statement includes the following details for the Previous Cycle 1)All the transaction done by the customer for the Previous Cycle 2)Late fees charged 3)Annual/Membership Fee charged4)Interest charged 5)Minimum Due Amount 6)Payment Due Date 7)Current cy

  4. Both B&C


Correct Option: B

SEGMENT IS THE SMALLEST INFORMATION THAT DL/I CAN FETCH?

  1. True

  2. False


Correct Option: A

IMS Supports Which of the following Max Database Structure.?

  1. 15 Levels, 1000 Segments, 255 Fields.

  2. 25 Levels, 100 Segments,255 Fields.

  3. 15 Levels, 255 Segments, 1000 Fields.

  4. 25 Levels, 255 Segments, 1000 Fields.


Correct Option: C
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