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Electronic Payment Systems Model Question Paper

12th Standard

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Computer Applications

Time : 02:00:00 Hrs
Total Marks : 60
    6 x 1 = 6
  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 a online payment system for small payments.

    (a)

    Card based payment

    (b)

    Micro electronic payment

    (c)

    Macro electronic payment

    (d)

    Credit card payment

  3. 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

  4. Pick the odd one in the credit card transaction

    (a)

    card holder

    (b)

    merchant

    (c)

    marketing manager

    (d)

    acquirer

  5. ________ is an essential part of a company's financial operations.

    (a)

    mobile Banking

    (b)

    Internet Banking

    (c)

    E-Banking

    (d)

    payment system

  6. ________ is Indian domestic open loop card.

    (a)

    visa

    (b)

    Master

    (c)

    Rupay

    (d)

    Mastreo

  7. 5 x 1 = 5
  8. EFTPOS

  9. (1)

    Single Purpose

  10. Closed Loop

  11. (2)

    contactless Smart Card

  12. Open Loop

  13. (3)

    Multi Purpose

  14. RFID Symbol

  15. (4)

    PIN Debit

  16. Publisher

  17. (5)

    Emblem

    7 x 2 = 14
  18. Define electronic payment system

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

  20. Explain the concept of e-wallet

  21. What are Payment cards?

  22. What is EMV chip?

  23. Advantages of unified payments interface?

  24. What is called gift cards?

  25. 5 x 3 = 15
  26. Define micro electronic payment and its role in E-Commerce.

  27. Explain briefly Anatomy of a credit card

  28. Write a note on mining in cryptocurrency

  29. What is the role of Electronic payment system?

  30. List some popular macro on-line payment systems.

  31. 4 x 5 = 20
  32. What is credit card? Explain the key players of a credit card payment system and bring out the merits of it.

  33. Write a note on
    a. Internet banking
    b. Mobile banking

  34. What is cryptocurrency? Explain the same.

  35. Explain the advantages of UPI?

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