Questions Related to mainframe

Multiple choice technology mainframe
  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.

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A Correct answer
Multiple choice technology mainframe
  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

Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice technology mainframe
  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

Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice technology mainframe
  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.

Reveal answer Fill a bubble to check yourself
B Correct answer
Multiple choice technology mainframe
  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

Reveal answer Fill a bubble to check yourself
D Correct answer
Multiple choice technology mainframe
  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.)

Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice technology mainframe
  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.)

Reveal answer Fill a bubble to check yourself
D Correct answer
Multiple choice technology mainframe
  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

Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice technology mainframe
  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

Reveal answer Fill a bubble to check yourself
B Correct answer
Multiple choice technology mainframe
  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.

Reveal answer Fill a bubble to check yourself
B Correct answer