#1
Which of the following is NOT a common feature of online banking user profile management?
Managing credit card applications
ExplanationCredit card applications are typically handled separately from user profile management in online banking systems.
#2
What is the primary purpose of a user profile in online banking systems?
To personalize the banking experience
ExplanationUser profiles are created to tailor and personalize the online banking experience according to individual preferences and needs.
#3
Which of the following is a common method for accessing online banking?
Mobile app
ExplanationAccessing online banking through a mobile app is a common and convenient method for users on the go.
#4
Which of the following is a potential benefit of online banking profile management?
Convenience of 24/7 account access
ExplanationOnline banking profile management offers the benefit of convenient and continuous access to the account, 24/7.
#5
Which of the following is a security measure commonly used in online banking profile management?
Two-factor authentication
ExplanationTwo-factor authentication is a widely adopted security measure in online banking, enhancing user verification with an additional layer of authentication.
#6
What is the purpose of setting up security questions in an online banking user profile?
To verify user's identity
ExplanationSecurity questions serve as an additional means to verify the user's identity during the online banking authentication process.
#7
Which of the following is a potential risk associated with online banking profile management?
Decreased security
ExplanationInadequate profile management can lead to decreased security, exposing users to potential risks and threats.
#8
What is the purpose of OTP (One-Time Password) in online banking?
To authorize a transaction
ExplanationOTP is used in online banking to provide a temporary and secure code for transaction authorization, adding an extra layer of security.
#9
In online banking, what does the term 'KYC' stand for?
Know Your Customer
Explanation'KYC' stands for 'Know Your Customer' and is a process to verify and authenticate the identity of banking customers.
#10
What does the term 'Phishing' refer to in the context of online banking?
A fraudulent attempt to obtain sensitive information
ExplanationPhishing involves deceptive techniques aimed at tricking individuals into revealing sensitive information, such as login credentials or personal details.
#11
Which of the following is NOT a common method for authentication in online banking?
Sending a postcard
ExplanationSending a postcard is not a common method for authentication in online banking; typically, secure digital methods are employed.