Banking Awareness Set 68 (AEPS)

Banking Awareness on Aadhaar Enabled Payment System (AEPS)

Important Banking Awareness Questions on Aadhaar Enabled Payment System for SBI PO, IBPS PO, NIACL, LIC, RBI, RRB PO Clerk, IPPB and other competitive exams. Banking Awareness Aadhaar Enabled Payment System AEPS 

  1. What does E stands for in AEPS?
    A) Earning
    B) Equity
    C) Enabled
    D) Economic
    View Answer
    Option C
    Explanation
    : Aadhaar Enabled Payment System
  2. What does B stands for in BFD with rest to AEPS?
    A) Biometric
    B) Best
    C) Binary
    D) Balance
    View Answer
    Option B
    Explanation
    : BFD is Best finger detection .The best finger of a resident is the one that has the highest probability of matching. A resident can possess one or more best fingers, which can be detected during the Best Finger Detection (BFD) process.
  3. AEPS is a bank led model which allows online interoperable financial inclusion transaction at _____
    A) PoS
    B) PoC
    C) Aadhar Card
    D) ATM
    View Answer
    Option A
    Explanation
    : AEPS is a bank led model which allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication.
  4. IIN (Institution Identification Number) is a ___ digit number.
    A) 4
    B) 5
    C) 6
    D) 11
    View Answer
    Option C
    Explanation
    : IIN is a unique 6 digit number issued by NPCI to every APB System participating bank and is used to uniquely identify a bank to which the APB transaction has to be routed in the Aadhaar Payment Bridge (APB) System.
  5. What does B stands for in AEBA?
    A) Biometric
    B) Branch
    C) Bank
    D) Basic
    View Answer
    Option B
    Explanation
    : Aadhaar Enabled Bank Account (AEBA).
  6. _______ is a repository of Aadhaar numbers maintained by the APB System and used for the purpose of routing the APB transactions to the destination banks.
    A) NPCI saver
    B) NPCI fisher
    C) NPCI editor
    D) NPCI mapper
    View Answer
    Option D
  7. In AEPS, Unique ID and _____ is used for authentication purpose.
    A) Password
    B) PIN
    C) Biometric
    D) Anyone of the above
    View Answer
    Option C
    Explanation
    : Inputs required during AEPS: IIN + Aadhar Number + Biometric data (Finger Print or Iris)
  8. In AEPS which of the following input determines the bank of the customer?
    A) IIN
    B) PIN
    C) IFSC
    D) SWIFT
    View Answer
    Option A
    Explanation
    : IIN (Institution Identification Number)
  9. Which bank launched First RuPay ATM & Micro ATM Card with Aadhaar Number?
    A) State Bank of India
    B) HDFC Bank
    C) Bank of India
    D) ICICI Bank
    View Answer
    Option C
  10. Which of the following feature is currently not present in AEPS?
    A) Cash Deposit
    B) Cash Withdrawal
    C) Balance Enquiry
    D) Virtual Card Creation
    View Answer
    Option D
    Explanation
    : The four Aadhaar enabled basic types of banking transactions are as follows:-
    Balance Enquiry
    Cash Withdrawal
    Cash Deposit
    Aadhaar to Aadhaar Funds Transfer

 

For More Banking Awareness Quiz Click Here

 

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34 Thoughts to “Banking Awareness Set 68 (AEPS)”

  1. sachin shukla@Target SBI Mains

    ty:))

  2. —(••÷[ ⓐⓜⓑⓘⓚⓐ ]÷••—

    thankyou sir 🙂

    1. sachin shukla@Target SBI Mains

      hiii!

    2. sachin shukla@Target SBI Mains

      how r ur prprsn going on for mains???

      1. —(••÷[ ⓐⓜⓑⓘⓚⓐ ]÷••—

        just going dear….time kafi kam hai or abhi bhi boht kuch padhna hai

        1. sachin shukla@Target SBI Mains

          sahi kaha aapne capsule over kiya sb..kaun-2 sa padhi aur Di kaha se padh rahi??

          1. —(••÷[ ⓐⓜⓑⓘⓚⓐ ]÷••—

            capsule chal rha hai abhi to ..yhan se hi kar rhi hun CA to or DI ka kuch specific nhi hai st se hi karti hun mostly

          2. sachin shukla@Target SBI Mains

            abhi kya padh rahi ho:)

        2. sachin shukla@Target SBI Mains

          time to ekdmm bhag raha h jaise hm sbi aspirants pkd hi nai paa rahe time (((: ye descriptive apka kaisa h>??

          1. —(••÷[ ⓐⓜⓑⓘⓚⓐ ]÷••—

            kuch khaas nhi par iski itni tension nhi hai ..likh denge jesa bhi hoga

          2. sachin shukla@Target SBI Mains

            jadaa tnsn kiska h DI ya Englih
            i think GA aur rsng tnsn free>>>>

          3. —(••÷[ ⓐⓜⓑⓘⓚⓐ ]÷••—

            mera to maths hi thoda weak hai or english bhi khan hoti hai ye new wali

          4. sachin shukla@Target SBI Mains

            hehehehe…yee new level wali puri passage based aur understanding based h mujhe bhi same problem english ki jadaa nahi but i m very tensed about MAths DI koi practice se kam nai aata hr bar sbi po new DI deta h jo kahi dekhe na raho

        3. sachin shukla@Target SBI Mains

          aur speed test koi deti h k nai?? kaun sa???

          1. —(••÷[ ⓐⓜⓑⓘⓚⓐ ]÷••—

            haan st to daily deti hun ob/pm

          2. sachin shukla@Target SBI Mains

            ob k marks kitte aa rahe 🙂 Dear

          3. —(••÷[ ⓐⓜⓑⓘⓚⓐ ]÷••—

            hehe marks mat pucho :pp
            abhi tak 70-77 ki range main hain

          4. sachin shukla@Target SBI Mains

            good:)mujhse to achha hi h mera to 62-65

          5. sachin shukla@Target SBI Mains

            mai bhi ob hi deta hu, mahendra bhi deta hu kabhi-2 mahendra level bekar h

          6. —(••÷[ ⓐⓜⓑⓘⓚⓐ ]÷••—

            mere pass bhi hai mahindras but time ni milta itne st dene ka

          7. sachin shukla@Target SBI Mains

            aaya h ek aaj last date h uska but time bitana rehta h uspe bss easy level

  3. PHENOMENAL

    Thank you gud questions , ma’am plzz tell from where to cover banking awareness questions as asked in Bob

    1. Suraj

      a lot of abbreviations were asked,, like cnp abps these are covered in our banking awarenesss quiz, u can learn the schemes related to banking from our GA PDF capusle for SBI PO 2017 and their quiz is also available here… we will post related questions in this coming week

      1. PHENOMENAL

        OK thank you sir , banking awareness set wale quiz na? Static ki bhi capsule provide ki h kya apne sir?

        1. Suraj

          static ka capsule to abhi nhi hai,, and yes banking awareness k quiz

          1. PHENOMENAL

            OK thank you sir

  4. version 2.4.4..

    _/_:))
    agar me kahu ki thoda question 10 se 15 kar do to:)) kaise rahega sir very nice collection:

    1. Suraj

      yes,, jis set me possible questions honge we will add more,, will not restirct to 10.. our first aim is to cover all the important question related to any topic. if in any topic we get 20 questions we will post 20 :)) so dont worry about the number of questions

      1. version 2.4.4..

        🙂 i am not worry sir m just need more food for my hungry mind which is empty:))
        ty sir ek doubt post kiya h doubt session me and bhut aur b karene h sir check kar lena kal ki date tak

        1. Suraj

          solved.. check now

  5. Dil bole po

    What a question bank awesome befor exam i only go through these quzie and feel good in bob bt yah ye quize pahle dali hoti toh 2 question or shi ho jate

  6. AVI™ (Sinchen loveR)

    Thnxxx

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