Banking Applications

Banking Applications

10th Grade

9 Qs

quiz-placeholder

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Banking Applications

Banking Applications

Assessment

Quiz

Computers

10th Grade

Practice Problem

Easy

Created by

Lindsey Astbury

Used 3+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main objective of online banking applications?

To provide entertainment services

To promote social media interactions

To offer shopping discounts

To facilitate banking transactions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of banking application?

EFT

Internet banking

ATMS

Social Media

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the advantage of Electronic Funds Transfer (EFT)?

Can be used for physical cash exchange

Involves high risk of fraud

Allows instant electronic money transfer

Requires physical presence at the bank

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main function of Automatic Teller Machines (ATMs)?

To sell groceries

To perform banking transactions

To provide medical services

To offer legal advice

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the process of transferring funds from the cheque writer's account to the recipient's account called?

Physical transportation

Encrypted file transfer

Centralized check clearing

Digitalization

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of banking application is designed to be used on smartphones and tablets?

Web-based banking applications

Desktop banking applications

Mobile banking applications

ATM applications

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What security measure is commonly used in internet banking applications to protect users' data?

No security measures

Social media login

Biometric authentication

Public Wi-Fi access

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