Hello everyone ,
Are you a finance enthusiast? Do you want to test your knowledge of digital finance? Then join our online community’s finance quiz!
The quiz will consist of 6 multiple-choice questions, and you shall only have 30 seconds to answer each question
Don’t try to hack the quiz with your super-smart AI robot friend, we’ve got our own robot to keep an eye on you! Just kidding, please play fair and keep it real, we promise it’s more fun that way
1. What is a QR code used for in digital financial transactions?
- a. Encrypting sensitive user information
- b. Generating OTPs for authentication
- c. Enabling quick and easy payments
- d. Providing transaction history
0 voters
2. Which of the following is a benefit of using digital wallets?
- a. Increased risk of fraud
- b. Limited acceptance by merchants
- c. Convenient and secure payment option
- d. Higher transaction fees
0 voters
3. _______ is an alphanumeric code that uniquely identifies a bank branch participating in the NEFT system.
- a. IFSC
- b. STP
- c. SFMS
- d. RTGS
0 voters
4. What is the purpose of an OTP (One Time Password)in digital financial transactions?
- a. To provide a unique identification number
- b. To authorise and verify the user’s identity
- c. To initiate fund transfers
- d. To generate a QR code for payment
0 voters
5. Which of the following is an example of a fintech company?
- a. Apple Inc.
- b. Coca-Cola
- c. PayPal Holdings Inc.
- d. Amazon.com Inc.
0 voters
6. Which of the following is an example of a mobile payment app?
- a. Google Maps
- b. WhatsApp
- c. Venmo
- d. Instagram
0 voters
Good luck!
Oh!, and PS: those who get all the answers correct, can get the chance to arrange the questions for our next quiz sessions.
Are you ready?