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EMERGING FINANCIAL ECOSYSTEM Flashcards | StudBud

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EMERGING FINANCIAL ECOSYSTEM

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EMERGING FINANCIAL ECO SYTEM TO EMPOWER WOMEN

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Questions 10

Answers

1
How does the digital financial ecosystem contribute to financial inclusion?
By making financial services more accessible via mobile technology
By limiting access to certain communities
By reducing the availability of online banking services
By focusing only on large businesses
2
Which is a key challenge for women in digital finance?
High financial independence
Unavailability of digital payment systems
Limited access to smartphones
Limited digital literacy
3
Which of the following is an example of a digital wallet used in the financial ecosystem?
Cash
Debit Card
Cheque
Paytm
4
Which of the following is NOT a part of the Digital Financial Ecosystem?
UPI
Handwritten ledgers
e-RUPI
All of these
5
Which of the following is a popular Buy Now, Pay Later (BNPL) service?
SMART CARD
VISA
PAYPAL
MASTER CARD
6
Which of the following is an example of a Neo Bank in India?
HDFC BANK
State Bank of India
Post Office Savings Bank
RAZOR PAY
7
Which of the following is a major benefit of digital payments?
Increased risk of fraud
Reduced transaction speed
Dependency on physical currency
Convenience and accessibility
8
What does BNPL stand for in digital finance?
Banking Network for Public Lending
Borrow Now Pay Later
Budgeting for National Payments
Buy Now Pay Later
9
What does the Digital Financial Ecosystem refer to?
Technology-driven financial services
Physical Banking Only
Cash Based Transactions
None of These
10
Why do some women hesitate to use digital financial services?
Government encouragement
Easy-to-use banking apps
Lack of access to smartphones
Fear of online fraud and cybersecurity risks