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EMERGING FINANCIAL ECOSYSTEM Flashcards | StudBud

Explore/EMERGING FINANCIAL ECOSYSTEM

EMERGING FINANCIAL ECOSYSTEM

10 terms·StudBud Administration

EMERGING FINANCIAL ECO SYTEM TO EMPOWER WOMEN

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Questions 10

Answers

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