Electronic Payment Systems Book Back Questions

12th Standard EM

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Computer Applications

Time : 00:45:00 Hrs
Total Marks : 30
    5 x 1 = 5
  1. Based on the monetary value e payment system can be classified into

    (a)

    Mirco and Macro

    (b)

    Micro and Nano

    (c)

    Maximum and Minimum

    (d)

    Maximum and Macro

  2. Which of the following is correctly matched

    (a)

    Credit Cards - pay before

    (b)

    Debit Cards - pay now

    (c)

    Stored Value Card - pay later

    (d)

    Smart card – pay anytime

  3. Which of the following is not a Altcoin

    (a)

    Litecoin

    (b)

    Namecoin

    (c)

    Ethereum

    (d)

    Bitcoin

  4. Which of the following is true about Virtual payment address (VPA)

    (a)

    Customers can use their e-mail id as VPA

    (b)

    VPA does not includes numbers

    (c)

    VPA is a unique ID

    (d)

    Multiple bank accounts cannot have single VPA

  5. Pick the odd one in the credit card transaction

    (a)

    card holder

    (b)

    merchant

    (c)

    marketing manager

    (d)

    acquirer

  6. 3 x 2 = 6
  7. Define electronic payment system

  8. List the types of micro electronic payments based on its algorithm

  9. Explain the concept of e-wallet

  10. 3 x 3 = 9
  11. Explain briefly Anatomy of a credit card

  12. Briefly explain the stored value card and its types.

  13. Write a note on mining in cryptocurrency

  14. 2 x 5 = 10
  15. What is credit card? Explain the key players of a credit card payment system and bring out the merits of it.

  16. What is cryptocurrency? Explain the same.

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