1. What is mobile banking?
a. Banking on mobile phones
b. Banking on personal computers
c. Banking on landline phones
d. Banking through letters
Answer: a. Banking on mobile phones
2. Which of the following is NOT a common feature of mobile banking apps?
a. Fund transfers
b. Mobile check deposit
c. Morse code communication
d. Balance inquiries
Answer: c. Morse code communication
3. What is the primary benefit of mobile banking?
a. Increased paperwork
b. Limited accessibility
c. Convenience and accessibility
d. Slower transaction processing times
Answer: c. Convenience and accessibility
4. What is OTP in the context of mobile banking?
a. One-Time Password
b. Online Transaction Process
c. Over The Phone
d. Open Text Protocol
Answer: a. One-Time Password
5. Which technology is commonly used for secure authentication in mobile banking?
a. QR codes
b. Bluetooth
c. Biometrics
d. Morse code
Answer: c. Biometrics
6. What does USSD stand for in the context of mobile banking?
a. Universal Security and System Database
b. Unstructured Supplementary Service Data
c. United States Software Development
d. User-Specific System Deployment
Answer: b. Unstructured Supplementary Service Data
7. Which of the following is a potentail security concern in mobile banking?
a. Strong encryption
b. Multi-factor authentication
c. Phishing attacks
d. Regular security audits
Answer: c. Phishing attacks
8. What is NFC commonly used for in mobile banking?
a. Network File Conversion
b. Near Field Communication
c. Non-Financial Contact
d. National Financial Consortium
Answer: b. Near Field Communication
9. Which of the following is NOT a type of mobile banking service?
a. Mobile Wallets
b. Mobile Insurance
c. Mobile Payment Apps
d. Mobile Telephony
Answer: d. Mobile Telephony
10. In mobile banking, what does the term “mPIN” refer to?
a. Mobile Personal Identification Number
b. Mobile Public Information Network
c. Money Processing and Identification Number
d. Mobile PINpoint
Answer: a. Mobile Personal Identification Number
11. What is mobile banking?a. Banking using only physical branches
b. Banking using mobile devices
c. Banking using landline phones
d. Banking using email
Answer: b. Banking using mobile devices
12. Which of the following is NOT a common feature of mobile banking apps?
a. Fund transfers
b. Account balance inquiry
c. Video calls with bank staff
d. Bill payments
Answer: c. Video calls with bank staff
13. What is the primary advantage of mobile banking?
a. Limited accessibility
b. Time-consuming transactions
c. Convenient access to banking services
d. Higher fees
Answer: c. Convenient access to banking services
14. What is the process of transferring money from one bank account to another through a mobile device called?
a. Mobile transaction
b. Mobile transfer
c. Mobile deposit
d. Mobile fund transfer
Answer: d. Mobile fund transfer
15. What technology is commonly used for the security of mobile banking transactions?
a. Morse Code
b. Blockchain
c. SMS (Short Message Service)
d. Encryption
Answer: d. Encryption
16. Which of the following is a potential risk associated with mobile banking?
a. Increased convenience
b. Enhanced security
c. Phishing and fraud
d. Better customer service
Answer: c. Phishing and fraud
17. What does the term “m-banking” stand for?
a. Mobile banking
b. Modern banking
c. Money banking
d. Manual banking
Answer: a. Mobile banking