1.What do we call a malware that blocks access to the victim’s data and threatens to publish or delete it unless money is paid?
[A] Adware
[B] Ransomware
[C] Identity Theft
[D] Dropper
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Explanation: Ransomware is a type of malware that blocks access to the victim’s data and threatens to publish or delete it unless a ransom is paid. ©navclasses
2.What is the attack called where the hackers look for insecure websites and plant a malicious script into the sourcecode?
[A] Drive-by attack
[B] IP Spoofing
[C] Phishing
[D] None of the above
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Explanation: Drive-by downloads are a common method of spreading malware. Cybercriminals look for insecure web sites and plant a malicious script into the sourcecode. ©navclasses
3.What do we call the attack which is made against hash algorithms that are used to verify the integrity of a message, software or digital signature?
[A] Birthday attacks
[B] Password attacks
[C] Session Hijacking
[D] MIM attack
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Explanation: Birthday attacks are made against hash algorithms that are used to verify the integrity of a message, software or digital signature. The birthday attack refers to the probability of finding two random messages that generate the same Message Digest (MD) when processed by a hash function. ©navclasses
4.What is the difference between IMPS and NEFT?
[A] IMPS is managed by RBI whereas NEFT is managed by NPCI
[B] IMPS is available 24*7 whereas NEFT is available during NEFT business hours
[C] NEFT is a real time transfer system whereas IMPS is not
[D] None of the above
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Explanation: IMPS is managed by NPCI whereas NEFT is managed by RBI. IMPS is available 24*7 whereas NEFT is available during NEFT business hours. IMPS is a real time transfer system whereas NEFT is not. ©navclasses
5.Which of these is not referred as Plastic money?
[A] Credit card
[B] Debit card
[C] Smart card
[D] 1 Rupee note
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Explanation: Plastic money is the generic term for all types of bank cards, credit cards, debit cards, smart cards, etc. ©navclasses
6.How is a debit card different from a credit card?
[A] Debit card is double the size of credit card
[B] Debit card does not need a PIN as a credit card
[C] With Debit card, money is deducted from the account when performing a transaction
[D] All of the above
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Explanation: A debit card is similar to a credit card, but unlike a credit card, the money is immediately transferred directly from the cardholder’s bank account when performing a transaction. ©navclasses
7.Which of these services are usually provided by ATMs?
[A] Cash Withdrawal
[B] Account Balance Check
[C] Money Transfer
[D] All of the above
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Explanation: Various financial transactions, such as cash withdrawals, deposits, transfer funds, or obtaining account information, at any time are available through ATMs. ©navclasses
8.What was “Mosaic” in the initial history of World Wide Web?
[A] Operating System
[B] Web Browser
[C] Computer Virus
[D] Server Application
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Explanation: Mosaic was one of the first web browsers and the first “popular” web browser with a graphical user interface that could be operated by an average person. It was this browser which accelarted the spread of the internet and resulted in internet boom of 1990s. ©navclasses
9.What is the code devised to access mobile banking without internet connection via the USSD?
[A] *123#
[B] *99#
[C] *111#
[D] *100#
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Explanation: Unstructured Supplementary Service Data (USSD) allows users without a smartphone or data/internet connection to use mobile banking through the *99# code. USSD-based mobile banking can be used for fund transfers, checking account balance, generating bank statement, among other uses. The main objective of the innovative *99# payments service is to allow financial inclusion of the underbanked and economically weaker sections of the society, and integrate them into mainstream banking. The *99# service is also known as National Unified USSD Platform (NUUP). ©navclasses
10.What is the name of Cloud developed by Institute for Development and Research in Banking Technology?
[A] Indian Banking Public Cloud
[B] Bankers Cloud, India
[C] Banking Cloud of India
[D] Indian Bank Community Cloud
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Explanation: Indian Bank Community Cloud (IBCC) is a community cloud offering CBS, e-mail, Mobile Banking, eKYC and e-learning, etc. IBCC is set up by IDRBT, the first community cloud for banking industry in the world and is currently being managed by its subsidiary IFTAS. ©navclasses