IIBF DIGITAL BANKING RECOLLECTED QUESTIONS 2023

IIBF DIGITAL BANKING RECOLLECTED QUESTIONS IN 2023

DIGITAL BANKING RECOLLECTED QUESTIONS:- If you are preparing for the Digital Banking Exam of IIBF this time around (14-05-2022 or 28-05-2022 attempt) or the next quarter, you should not miss out on the memory-recalled questions from the previous digital banking exams. Because these questions or topics that have already come in the previous exams will help you in understanding the level of the Digital Banking Exam. 

Important Topic:- IIBF DIGITAL BANKING EXAM DATE 2023

Digital Banking Recollected Questions:

• Concept of Cyber Mugging

• Meltdown & Spectre (vulnerabilities)

• What does Jackpotting in ATM mean?

• NPCI i.e National Payments Corporation of India

• Clearing Corporation of India Ltd i.e CCIL [1 question]

• CIA: Confidentiality Availability & Integrity [1 question]

• Integrity [1 separate question on CIA’s I only]

• What is a Plastic card?

• Prepaid card [1 question]

• What are single-purpose and multi-purpose Cards?

• What is the difference b/w credit cards & charge cards?

• What are the benefits of using the virtual keyboard?

• What is the difference b/w EMV chip cards & Magnetic strip cards?

• What is the difference b/w NFC Near-field communication and RFID Radio frequency Identifications?

• What is the difference between an open scheme (4th Party and 3rd party) & closed scheme?

• MDR i.e Merchant Discount Rate [1 question]

• What is the difference b/w transaction processing clearing & settlement?

• CTS & Clearing [1 separate question]

• What is Phishing & Pharming?

Important Topic:- DIGITAL BANKING SYLLABUS 2022

• Aadhar Bridge System (ABP) for giving Subsidy [1 question]

• Which is not a 24X7 system of the IMPS, NPCI, UPI & USSD?

• What is SFMS? [1 question]

• What is the difference between on us & off us in ATM?

• What is the difference b/w IMPS & IMT?

• What is the difference between CDM, ATM & POS?

• What is the difference b/w white and brown levels in ATM?

• What is the difference b/w Clearing & Settlement process?

• What does keystroke Logging mean?

• What is the difference b/w Business Declines and Technical Declines?

• What is the difference between Authorization and Settlement process?

• What is the limit of chargeback? {90 days}

• Pre-arbitration process and Dispute management: Collette [1 question]

• Smishing and Phishing attack [1 question]

• What is the difference b/w Malware and Trojan?

Read Also:- IIBF DIGITAL BANKING Notes PDF Free Download

• What is *99*99#? What is its benefit?

•  Are mobile wallets prepaid or postpaid?

• One Time Password i.e OTP & Two-factor Authentication process [1 question]

• What do you mean by end-user risk?

• What do you mean by mobile device risk?

• Spear phishing [1 question]

• What is the query service on Aadhaar Mapper?

• Concept of Firewall & Intrusions detection system [1 question]

• What is the difference between Encryption & Decryption?

• What is the difference between GPRS, PSTN & POS?

• What is the difference b/w a Portable and Pooled Terminal?

• Mobile POS [1 question]

• What do you mean by EKYC and what are its benefits?

• What does Terminal Management System mean?

• What does Mural-Advertising mean?

• What do you mean by OOH out of home?

• What do you mean by Graffiti?

• What does CRM (Customer Relationship Management) mean?

• Fraud in ATM card and Internet banking [1 question]

• What does RTGS and Next generation RTGS mean?

• What is by Rupay Pay-secure Solution?

• What are the benefits of Rupay Card?

• What does NACH mean and what is its Role?

• What is the difference b/w ABPS & NACH?

• What is ASA & KSA?

• What are NFS and EKYC? [1 question]

• The difference in Off us and On Us transactions

• What is RTGS and NG RTGS?

• How does NG RTGS work on ISO 20022?

• What is CCIL: Clearing Corporation of India, its Role and Functions?

• What is the difference between DVP-III (Delivery vs payment) and Payment vs Delivery System?

• What is the difference between Compliance & Convenience?

• What does Masquerading and Cyber mugging mean?

• Concept of Telebanking? [1 question]

• What are MMID and MPin?

• What does the 4 Digit represent in MMID?

• What are Gift cards, prepaid cards and store value cards? What are the differences among these cards?

• What are the differences b/w credit & charge cards?

• The use of Magnetic strip cards & EMV chip-based cards?

• What are the documents that are required for Representment in the pre-arbitration process?

• Hardening of the operating system is what kind of risk? {Application server risk}

• What is the difference between End-user risk and application server risk?

• What does mobile device risk mean?

• What does Identity Theft mean?

• What are the differences between Basic Phishing & Spear phishing?

• What is the full form of SSL and what colour does its signal turn into from green, blue or red?

• What is one drawback of Smishing?

• The process of remaining hidden Online is called what?

• What is Back & Access?

• Cash Advance [1 question]

• What is the difference between VOID and Refund?

• What is SFMS?

• What is the difference b/w encoding & decoding?

• What does Rootkit mean?

• What is Social Engineering?

• What is the difference between IDS and IPS?

• What are KeyStroke Loggers?

You must go through the above questions or concepts at least once before you consider your preparation for the Digital Banking Exam being done with. They will help you immensely as the above concepts get repeated in the papers every year.

All the very best for your exams!!