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1. Elaborate the term SWIFT which is used in terms of international settlements

A. Society for Worldwide Interbank Financial B. system for wide international financial technology
Telecommunication� C. system for worldweb inquiry of financial transactions
D. None of the above
Your answer is: A. Society for Worldwide Interbank Financial Telecommunication�

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2. An ATM card will be blocked for 24 hours if a customer:
A. Enters a wrong PIN continuously 2 times B. Enters a wrong PIN continuously 5 times
C. Enters a wrong PIN continuously 3 times D. Enters a wrong a/c type (saving/current)
Your answer is: C. Enters a wrong PIN continuously 3 times

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3. How can a corporate customer apply for Net banking of our bank?
A. By logging on to (www.psbindia.com) B. By calling up the help desk
C. By visiting the branch and filling up the C1 form D. By sending an SMS to helpline no.
Your answer is: C. By visiting the branch and filling up the C1 form

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4. Can any other banks customer, who is not maintaining any type of account with Punjab
and Sind bank, use our UPI platform for transferring funds
A. No, it is restricted to Punjab and Sind bank's own B. Yes, but he /she can only inquire the available balance
customers C. Yes, the customer can enquire as well as transfer funds
as per the applicable limits
D. None of the above
Your answer is: C. Yes, the customer can enquire as well as transfer funds as per the applicable limits

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5. Name Punjab & Sind bank's UPI platform
A. BHIM PSB B. PSB PhonePay
C. PSB Mpay D. PSB Gpay
Your answer is: A. BHIM PSB

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6. What is the amount of transfer limit under PSB Aadhar pay device per transaction?
A. Rs. 2000 B. Rs. 5000
C. Rs. 10000 D. Rs. 1000
Your answer is: A. Rs. 2000

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7. What is the maximum amount that can be withdrawn from an ATM via PSB Debit card per
user per day (RUPAY/MASTER)?
A. Rs. 35000/- B. Rs. 50000/-
C. Rs. 25000/- D. Rs. 20000/-
Your answer is: C. Rs. 25000/-

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8. What is the daily limit of fund transfer for a retail customer in case of Net banking.
A. Rs. 100000/- B. Rs. 200000/-
C. Rs. 50000/- D. Rs. 500000/-
Your answer is: A. Rs. 100000/-

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9. Under MISSED CALL enquiry service, which number is prescribed by the bank authorities for
enquiring account balance.
A. 7039035156 B. 7039035157
C. 7039035158 D. 7039035159
Your answer is: A. 7039035156
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10. What options does one have if he/she deletes a VPA?
A. One can create the same VPA again B. One has to create a new VPA
C. One cannot create a new VPA D. None of the above
Your answer is: B. One has to create a new VPA

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11. In context of ATM cards expand the term EMV
A. Easy money valet B. Euro pay MasterCard Visa
C. Early money value D. Euro money Visacard
Your answer is: B. Euro pay MasterCard Visa

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12. Transfer of funds per day, under USSD command is restricted to :
A. Rs. 1000/- B. Rs. 5000/-
C. Rs 10000/- D. Has no limit
Your answer is: B. Rs. 5000/-

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13. In context of POS Expand the term MDR?
A. Marginal dollar rate B. Merchant dollar rate
C. Merchant discount rate D. Mastercard discount rate
Your answer is: C. Merchant discount rate

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14. RuPay card payment scheme belongs to which country
A. US B. Germany
C. Czech republic D. None of these
Your answer is: D. None of these

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15. MasterCard and Visa brands belong to which country
A. India B. US
C. UK D. France
Your answer is: B. US

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16. In relation to UPI, expand VPA
A. Virtual price address B. Virtual payment address
C. Virtual point access D. Visa payment address
Your answer is: B. Virtual payment address

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17. Customers can avail QR code scanner facility under which of the product?
A. Mobile banking B. Net banking
C. BHIM PSB D. BBPS
Your answer is: C. BHIM PSB

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18. Which if the following is not a UPI transaction app?
A. BHIM B. Gpay
C. MobiKwik D. ETmoney
Your answer is: D. ETmoney

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19. By dialing what numbers , one can avail the USSD facility
A. *999# B. *001#
C. *99# D. *USSD#
Your answer is: C. *99#

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20. POS + Ecommerce shopping limit on PSB debit card is
A. Rs. 100000/- B. Rs. 50000/-
C. Rs. 25000/- D. Rs. 50000 (POS) + Rs. 50000/- (Ecomm)
Your answer is: A. Rs. 100000/-
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21. UPI was system developed by?
A. NPCI (national payment corporation of India) B. MasterCard and Visa in collaboration with ICICI bank
C. Ministry of electronics and information technology D. Niti Aayog
Your answer is: A. NPCI (national payment corporation of India)

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22. What is the name of PSB mobile banking service on play store?
A. PSB money service B. PSB mPAY
C. Punjab and bank money app D. None of the above
Your answer is: B. PSB mPAY

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23. Recently EMV cards replaced which of the following type of ATM cards
A. Magnetic cards B. Prepaid cards
C. Magstripe cards D. Smart cards
Your answer is: C. Magstripe cards

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24. Expand the term USSD
A. Unwired social service data B. Unwired supplementary service data
C. Unstructured supplementary service data D. Unstructured system service data
Your answer is: C. Unstructured supplementary service data

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25. Expand the term BHIM
A. Bank interface for money B. Bharat interface for money
C. Bhabha interface for money D. Bank home loan interface for money
Your answer is: B. Bharat interface for money