Online Banking Frauds — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
Consider the following statements about online banking frauds in India: 1. SIM swapping attacks bypass two-factor authentication by gaining control of victim's phone number 2. The IT Act 2000 Section 66D specifically addresses cheating by personation in digital platforms 3. UPI transactions are immediately settled and cannot be reversed once completed 4. CERT-In is the primary regulatory authority for banking security guidelines Which of the statements given above are correct?
Which of the following best describes 'vishing' in the context of banking frauds?
Consider the following about RBI's Master Direction on Digital Payment Security Controls: 1. It mandates additional factor authentication for all digital transactions 2. Payment system operators must implement real-time fraud monitoring 3. Customer education programs are mandatory for all banks 4. International transactions require pre-approval from RBI Which of the statements given above are correct?
The term 'smishing' in cybersecurity refers to:
Which of the following institutions is primarily responsible for coordinating cybersecurity incident response in the banking sector?