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Electronic Payment Systems Model Question Paper

12th Standard

    Reg.No. :

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


    Mirco and Macro


    Micro and Nano


    Maximum and Minimum


    Maximum and Macro

  2. Which of the following is a online payment system for small payments.


    Card based payment


    Micro electronic payment


    Macro electronic payment


    Credit card payment

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


    Customers can use their e-mail id as VPA


    VPA does not includes numbers


    VPA is a unique ID


    Multiple bank accounts cannot have single VPA

  4. Pick the odd one in the credit card transaction


    card holder




    marketing manager



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


    mobile Banking


    Internet Banking




    payment system

  6. ________ is Indian domestic open loop card.









  7. 5 x 1 = 5

  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)


    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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