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mainframe Online Quiz - 35

Description: mainframe Online Quiz - 35
Number of Questions: 20
Created by:
Tags: mainframe
Attempted 0/20 Correct 0 Score 0

What is the full form for POS?12345683

  1. Personal Operating system

  2. Ping On Top

  3. Point Of Sales

  4. Put In Open


Correct Option: C

What is the full form for POS?12345679

  1. Personal Operating system

  2. Ping On Top

  3. Point Of Sales

  4. Put In Open


Correct Option: C

What is the full form for POS?12345681

  1. Personal Operating system

  2. Ping On Top

  3. Point Of Sales

  4. Put In Open


Correct Option: C

What is the full form for POS?12345682

  1. Personal Operating system

  2. Ping On Top

  3. Point Of Sales

  4. Put In Open


Correct Option: C

What is the full form for POS?12345678

  1. Personal Operating system

  2. Ping On Top

  3. Point Of Sales

  4. Put In Open


Correct Option: C

What is the full form for POS?12345680

  1. Personal Operating system

  2. Ping On Top

  3. Point Of Sales

  4. Put In Open


Correct Option: C

What is the full form for POS?12345683

  1. Personal Operating system

  2. Ping On Top

  3. Point Of Sales

  4. Put In Open


Correct Option: C

What is Membership Fee?

  1. It is the fee that customer has to pay when he exceeds the credit limit

  2. It is the fee that the customer has to pay before getting the card

  3. It is nothing but the Annual Fee

  4. None of these


Correct Option: C

What is Smart card?

  1. Smart card a credit card with special promotional offers in specific stores

  2. Smart card is same as credit card in which a small chip will be inserted in the card

  3. Smart card is same as credit card in which a magnetic stripe inserted in the card

  4. Smart card is same as credit card in with a digital signature inserted in the card


Correct Option: B

What is Contact less card?

  1. Contact Less card is a type of smart card , where customer has to tap the card for transaction

  2. Contact Less card is a type of smart card, which requires a contact between card and card reader

  3. Contact Less card is a type of smart card, which has two microchips

  4. Contact Less card is a type of smart card, which uses unique physical or behavioral characteristics to identify the individual


Correct Option: A

What is Balance Transfer?

  1. BT is transferring the current balance of one credit card to another credit card where the transferring to bank will provide some benefits

  2. BT is the process of checking the availability of sufficient funds available to cover the amount of transaction

  3. BT is the process of sharing the revenue between different financial institutions

  4. BT is the process of transferring balance in an account to another account where transferring bank will provide some benefits


Correct Option: A

What is Collections?

  1. Collections is a separate department/agency where the bad debts will be collected from the customer, if he does not pay the due amount for a certain period

  2. Collections is the process paying the bills automatically every month through the customers saving’s account

  3. Collections are a type of fee which is charged annually.

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


Correct Option: A

What are Bank cards & Retails Cards?

  1. Bank cards are issued to big organizations and corporations’ .Retails cards are issued to employees for travel and entertainment.

  2. Bank cards are means of obtaining short term loan for a purchase. Retail cards are financial instruments with some stored value.

  3. Bank Cards are issued by the banks eg: ICICI Credit Cards. Retail cards are issued by the Non-banks or private shopping malls eg: Private label cards

  4. Bank Cards and Retails cards are issued by the banks eg: ICICI Credit Cards


Correct Option: C

What is Card Association/Interchange in Cards Domain? Give some examples?

  1. It is a payment scheme like American Express.

  2. It is a network through which the authorization takes place. Eg: Mastercard, Visa, Amex, etc.,

  3. It is a financial service which helps card holders to make payment for services or products to obtain cash eg: credit cards, debit cards etc

  4. It is a payment system which facilitates to pay and keep track of expenses.eg: Charge Cards


Correct Option: B

What is Issuer? - Example

  1. One who buys and owns the credit card.

  2. One (Bank/Institution) who issues the credit card.

  3. One who has approving authority for credit card.

  4. One who is being charged the fees of credit card.


Correct Option: B

What is Acquirer?

  1. One who issues the POS machines to the merchant

  2. One who buys and owns the credit card

  3. One who has approving authority for credit card

  4. One who is being charged the fees of credit card


Correct Option: A

What is POS?

  1. Point of Sale equipment

  2. Process to get the response for any transaction

  3. Equipment though which the customer makes the sale transactions

  4. Both a and c


Correct Option: D

What is On-Us cards?

  1. Issuer & Acquirer are different.

  2. Issuer & Acquirer are same.

  3. Issuer is tied up with any social service group

  4. None of the above.


Correct Option: B

What is Off-Us cards?

  1. Issuer & Acquirer are different.

  2. Issuer & Acquirer are same.

  3. Issuer, Acquirer and Network are different.

  4. None of the above.


Correct Option: A

What is Authorization?

  1. The process to get the response for any transaction is called Authorization.

  2. The process of verifying the card by merchant is called Authorization.

  3. The process of verifying the signature of the customer on the card is called Authorization.

  4. All of the above.


Correct Option: A
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