Quiz for IOB Promotion Exam 2023-24 Jan 8, 2024Jan 13, 2024 Digital Banking Start QuizPage 1 of 16 What is the minimum monthly income required for a salaried applicant to apply for a credit card? Rs. 10,000/- per month Rs. 15,000/- per month Rs. 25,000/- per month Rs. 50,000/- per month Rs. 3,00,000/- per year Page 2 of 16 What is the minimum amount that a Credit cardholder must pay, including interest and charges, as per the revolving facility? 5% of the transaction amount 10% of the transaction amount 15% of the transaction amount 20 % of the transaction amount Full Amount Page 3 of 16 Customers shall be permitted to do ---free ONUS transactions in all our card based ATMs/CRs (inclusive of Withdrawal/ Deposit (card transactions)/ Non- Financial transactions? 3 free txns 5 free txns 10 free txns 3 free financial txns and 5 free non financial txns All ONUS txn are free Page 4 of 16 What is the per month limit of IOB FASTag? Rs. 20,000/- Rs. 50,000/- Rs. 75,000/- Rs. 1,00,000/- Any amount Page 5 of 16 Branches have to report, well in advance, all high value transaction of Rs._______ Crores and above (both inflow and outflow) which are routed through NEFT/RTGS/Clearing along with the details to Money Market Desk at Treasury over telephone. 1 2 5 10 50 Page 6 of 16 What is the name of the system launched by NPCI on 4 January 2022 for recurring payment under BBPS Unified Payment Management System (UPMS) Unified Presentment Management System (UPMS) Unified Payment Interface (UPI) Unified Presentment Interface (UPI) NOA Page 7 of 16 ASBA is a mechanism for subscribing to applications in initial public offerings (IPO/s). ASBA stands for Application supported by blocked account Application supported by blocked amount Application submitted with blocked amount Acquired shares by blocked amount Page 8 of 16 What is the limit for IPO application transaction using UPI? No limit Rs. 1.00 Lakhs Rs. 1.50 Lakhs Rs. 2.00 Lakhs Rs. 5.00 Lakhs Rs. 10.00 Lakhs Page 9 of 16 What is the maximum balance allowed under Prepaid card? Rs. 5,000/- Rs. 10,000/- Rs. 25,000/- Rs. 50,000/- no limit Page 10 of 16 Which customers are not eligible for Green PIN facility? NRI customers Mudra Loan customers Both A & B are not eligible Both A & B are Eligible Page 11 of 16 What is the minimum Wallet balance to be maintained BY LCV for FASTag Rs. 50/- Rs.100/- Rs. 200/- Rs. 300/- No Such limits Page 12 of 16 Total no of batches for NEFT ? 24 half-hourly batches 48 half-hourly batches 24 hourly batches 12 hourly batches Page 13 of 16 Customers can undertake cross border remittances upto .............to Singapore using their internet banking channel. Rs 25000/- Rs 60000/- Rs 200000/- Rs 2,50,000 Page 14 of 16 RBI has introduced the Legal Entity Identifier (LEI) System for all payment transactions of value __ and above undertaken by entities (Large Corporate Borrowers) using payment systems viz. RTGS AND NEFT is Rs.2.00 Crore Rs.10 Crore Rs.25.00 Crore Rs.50.00 Crore Page 15 of 16 Customer can do Contactless transactions with NCMC card up to........ Rs.2000/- per transaction. Rs.5000/- per transaction. Rs.5000/- per day Rs.10000/- per transaction. Page 16 of 16 Customer is permitted to perform how many contactless transactions continuously 2 5 10 No such limit Submit
