Online Payment Options

Q.

What is Digital Cash ?

Q.

Write short notes on the following services:
(a) Postal Services (b) Banking Services.

Q.

What are the advantages and disadvantages of an Electronic payment system?

Q.

Discuss e-mail state the advantages and limitation of e-mail.

Q.

Letter format to change joint account into single account

Q.

Explain in brief any six documents used in internal trade.

Q.

Explain any 3 documents used in internal trade.

Q.

Explain any three advantages of smart card.

Q.

Explain the benefits of Automatic Vending Machine.

Q.

Discuss several ways by which safety and security of e-business transactions can be insured.

Q.

A mobile wallet is a type of payment service through which businesses and individuals can receive and send money via mobile devices.

1. True

2. False

Q. means where the buyer makes payment in cash when goods are delivered to her.

1. Wallet
2. Debit card
3. Net banking
4. Cash on delivery

Q.

Rita is shopping for clothes online, she is using her AB Bank to buy them. What kind of method is it?

1. Debit Card

2. Net Banking

3. Cash on delivery

4. Credit Card

Q.

What are the essential qualities of electronic payment system.?

Q.

Name the electronic currency that exists only in the cyberspace.

1. None of the above

2. Digital cash

3. Transfer money

4. Plastic money

Q. provides facilities of electronic fund transfer over the net.

1. Digital cash
2. Credit card
3. Cash on delivery
4. Net banking

Q.

Which of the following is the correct definition of Credit Card Authentication?

1. It ensures the availability of funds in the account of the credit card holder.

2. It ensures that the credit card number provided by the customer is correct.

3. Shows the balance in the account.

4. None of the above

Q. A is a type of payment service through which businesses and individuals can receive and send money via mobile devices.

1. cash on delivery
2. wallet
3. debit card
4. net banking

Q. Key difference between digital cash and credit cash system is.

1. Digital cash certificates can be reused
2. Both (a) and (b)
3. The digital cash bears serial number similar to on real dollar numbers
4. Digital cash and credit cards systems are same

Q.

Some individuals like to clear the payment once the goods have been received, which was purchased online. What kind of payment method is it?

1. All of the above

2. Credit Card

3. Debit Card

4. Cash-on-Delivery

Q.

A mobile wallet is also known as mobile money or a __________________.

1. all of the above

2. mobile money

3. mobile money transfer

4. cash transfer

Q.

Why is ATM card taken as highly safe and secure mode of technology of money transaction ?

Q. __________ can be one of the approach used to tax online transactions.

1. Permanent establishment
2. Residence-based
3. Income-based classification
4. All of the above

Q.

Are mobile wallets a form of digital payment?

Q. Bread and butter, lamb and mint sauce, illustrate the type of interrelated demand known as ________.

1. rival demand
2. composite demand
3. competitive demand
4. joint demand

Q. In online transactions, the order can be placed by picking and dropping the items in the shopping cart.

1. False
2. True

Q. When goods are sold but delivery is delayed at buyer's request and buyer takes title and accepts billing, revenue should be recognized__________.

1. at the time of sale notwithstanding that physical delivery has not been completed so long as there is every expectation that delivery will be made
2. when the goods are actually delivered
3. when the cash is received
4. when advance against goods sold but not yet delivered is received

Q. Registers, which are partially visible to users and used to hold conditional, are known as _______________.

1. PC
2. Memory address registers
3. General purpose register
4. Flags