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12th Standard Computer Applications Electronic Payment Systems English Medium Free Online Test One Mark Questions 2020 - 2021

12th Standard

    Reg.No. :
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Computer Applications

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  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. Assertion (A): Micro electronic payment systems support higher value payments
    Reason (R): Expensive cryptographic operations are included in macro payments

    (a)

    Both (A) and (R) are correct and (R) is the correct explanation of (A)

    (b)

    Both (A) and (R) are correct, but (R) is not the correct explanation of (A)

    (c)

    (A) is true and (R) is false

    (d)

    (A) is false and (R) is true

  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. Which of the following is true about debit card
    i. debit cards cannot be used in ATMs
    ii. debit cards cannot be used in online transactions
    iii. debit cards do not need bank accounts
    iv. debit cards and credit cards are identical in physical properties

    (a)

    i, ii, iii

    (b)

    ii, iii, iv

    (c)

    iii alone

    (d)

    iv alone

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

    (a)

    mobile Banking

    (b)

    Internet Banking

    (c)

    E-Banking

    (d)

    payment system

  6. The term credit card was coined by _________.

    (a)

    Edward Bellamy

    (b)

    Netin

    (c)

    Flemmin

    (d)

    Robert Lake

  7. Rupay was launched in

    (a)

    2012

    (b)

    2005

    (c)

    2017

    (d)

    2019

  8. ________ is thethe first six-digits of credit card number to uniquely identify financial institutions.

    (a)

    BINJ

    (b)

    UNF

    (c)

    CVC2

    (d)

    UDI

  9. __________ is a type of fraud where same cryptocurrency is spent in more than one transactions.

    (a)

    booting

    (b)

    Interpreting

    (c)

    Double spend

    (d)

    None of these

  10. ________ is s magnetic stripe or chip card that holds the value of money to offer as a gift by a -business

    (a)

    E-card

    (b)

    Gift card

    (c)

    E-Buy

    (d)

    E-wallet

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