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50 questions · timed · auto-graded

MCQ 21 Mark
To whom is RuPay more beneficial because it is less expensive?
  • A
    Customer
  • B
    Bank
  • a and b both
  • D
    None of these
Answer
Correct option: C.
a and b both
a and b both
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MCQ 31 Mark
Which transactions will be cheaper as the transaction processing will be don domestically through RaPay?
  • A
    Settlement
  • B
    Transaction cost
  • a and b both
  • D
    None of these
Answer
Correct option: C.
a and b both
a and b both
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MCQ 41 Mark
Where is every transaction done by using RuPay card?
  • India
  • B
    Europe
  • C
    America
  • D
    All over the world
Answer
Correct option: A.
India
India
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MCQ 51 Mark
By domestic bank every transaction done using a credit or debit card will be routed to the following outside the country
  • A
    Bank
  • B
    Server
  • Network
  • D
    Customer
Answer
Correct option: C.
Network
Network
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MCQ 61 Mark
Which type of alternative does RuPay card serve as?
  • Local
  • B
    Public
  • C
    Universal
  • D
    None of these
Answer
Correct option: A.
Local
Local
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MCQ 71 Mark
Which of the following are the world leaders in card payments?
  • A
    Visa card
  • B
    Master card
  • a and b both
  • D
    E-card
Answer
Correct option: C.
a and b both
a and b both
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MCQ 81 Mark
Which bank is not available currently to tie with Master card and Visa card to connect card holders, merchants and the issuing banks around the globe?
  • Domestic Indian bank
  • B
    Nationalized bank
  • C
    Public bank
  • D
    International bank
Answer
Correct option: A.
Domestic Indian bank
Domestic Indian bank
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MCQ 91 Mark
What is similar to Rupay card in its functioning?
  • A
    Credit card
  • B
    Debit card
  • a and b both
  • D
    None of these
Answer
Correct option: C.
a and b both
a and b both
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MCQ 101 Mark
What is RuPay?
  • New method of payment through card
  • B
    Payment through E-Wallet
  • C
    Payment through Credit card
  • D
    Payment through Digi Cash
Answer
Correct option: A.
New method of payment through card
New method of payment through card
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MCQ 111 Mark
By which of the following RuPay payment mechanism is launched?
  • A
    National Public Corporation 0f India
  • National Payments Corporation 0f India
  • C
    National Private Corporation 0f India
  • D
    National Police Corporation 0f India
Answer
Correct option: B.
National Payments Corporation 0f India
National Payments Corporation 0f India
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MCQ 121 Mark
Which term is coined from Rupee and Payment?
  • Repays
  • B
    Rupee payment
  • C
    Ru-Pay
  • D
    Rpay
Answer
Correct option: A.
Repays
Repays
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MCQ 131 Mark
Which scheme has IRCTC launched for the customers to make online booking easier?
  • A
    Smart card
  • B
    Debit card
  • C
    Credit card
  • E-Wallet
Answer
Correct option: D.
E-Wallet
E-Wallet
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MCQ 141 Mark
What is known as the card that provides online payment option securely?
  • Smart card
  • B
    Debit card
  • C
    Credit card
  • D
    E-Wallet
Answer
Correct option: A.
Smart card
Smart card
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MCQ 151 Mark
Who provides F-wallet service today?
  • A
    Banks
  • B
    Online provision stores
  • C
    Telephone services
  • All of these
Answer
Correct option: D.
All of these
All of these
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MCQ 161 Mark
Why is there not any risk of security compared to credit card/debit card as payment through F- wallet?
  • A
    It is not necessary to give credit card-debit card number.
  • B
    Number is much protective
  • a and b both
  • D
    None of these
Answer
Correct option: C.
a and b both
a and b both
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MCQ 171 Mark
Which number is customer required to give while paying through E-wallet?
  • A
    Credit card
  • B
    Debit card
  • a and b both
  • D
    None of these
Answer
Correct option: C.
a and b both
a and b both
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MCQ 181 Mark
Which of the following is the most similar to E-wallet in functioning?
  • A
    Credit card
  • B
    Debit card
  • a and b both
  • D
    None of these
Answer
Correct option: C.
a and b both
a and b both
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MCQ 191 Mark
Which of the following works become easier by the E-wallet?
  • A
    Shopping
  • B
    Ticket booking
  • a and b both
  • D
    None of these
Answer
Correct option: C.
a and b both
a and b both
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MCQ 201 Mark
Why is E-wallet used?
  • A
    To reduce the work of billing information
  • B
    To reduce the work of payment information
  • a and b both
  • D
    None of these
Answer
Correct option: C.
a and b both
a and b both
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MCQ 211 Mark
What information does F-wallet contain?
  • A
    Your name, Shipping address
  • B
    Billing address
  • C
    Credit card information
  • All of these
Answer
Correct option: D.
All of these
All of these
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MCQ 221 Mark
Which type of wallet E-wallet is?
  • Physical
  • B
    Logical
  • C
    Visual
  • D
    All of these
Answer
Correct option: A.
Physical
Physical
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MCQ 231 Mark
Which are the benefits of EFT?
  • A
    Simplified bookkeeping
  • B
    Great security
  • C
    Increased efficiency
  • All of these
Answer
Correct option: D.
All of these
All of these
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MCQ 241 Mark
Which is the least used way of sending and receiving the bills?
  • Internet
  • B
    Letter
  • C
    Bank
  • D
    Courier
Answer
Correct option: A.
Internet
Internet
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MCQ 251 Mark
Which of the following is an example of EFT?
  • A
    Payment of tuition fees using an ATM
  • B
    Monthly bank account deductions and many more
  • C
    Deposit of employee’s salaries in their accounts
  • All of these
Answer
Correct option: D.
All of these
All of these
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MCQ 261 Mark
How is Electronic Fund Transfer compared to paper check payments and collections?
  • A
    Secure
  • B
    Safe
  • C
    Efficient and less expensive
  • All of these
Answer
Correct option: D.
All of these
All of these
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MCQ 271 Mark
What is known as the process of transferring money from one bank account to another account?
  • Electronic Fund Transfer
  • B
    Web fund-transfer
  • C
    Commerce-transfer
  • D
    Net fund-transfer
Answer
Correct option: A.
Electronic Fund Transfer
Electronic Fund Transfer
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MCQ 281 Mark
What can be shown at the time of travel in place of ticket in reference of online railway ticket?
  • A
    Message which is received from arctic website
  • B
    E-copy of ticket
  • a or c
  • D
    None of these
Answer
Correct option: C.
a or c
a or c
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MCQ 291 Mark
What is found which you can print after successful payment on Indian Railways website?
  • A
    E-mail of ticket
  • E-copy of ticket
  • C
    Receipt of deposited money
  • D
    List of trains
Answer
Correct option: B.
E-copy of ticket
E-copy of ticket
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MCQ 301 Mark
What does the user need to do first for Indian railways website?
  • A
    Form should be scanned
  • To be registered on site
  • C
    To fill the form by going to railway station
  • D
    All of these
Answer
Correct option: B.
To be registered on site
To be registered on site
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MCQ 311 Mark
Which site does Indian railways provide to book tickets online?
  • irctc.co.in
  • B
    indianrailway.co.in
  • C
    railway.co.in.
  • D
    railway.co.in
Answer
Correct option: A.
irctc.co.in
irctc.co.in
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MCQ 321 Mark
When is amount transferred from your account to the account of the merchant?
  • A
    If account number is correct.
  • B
    If net banking password is correct.
  • a and b both
  • D
    None of these
Answer
Correct option: C.
a and b both
a and b both
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MCQ 331 Mark
Which site is displayed on the screen after selecting bank?
  • Your bank’s
  • B
    Merchant’s
  • C
    Third party’s
  • D
    All of these
Answer
Correct option: A.
Your bank’s
Your bank’s
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MCQ 341 Mark
What will be asked for payment process after shopping during payment through net banking?
  • Bank name
  • B
    Your user ID
  • C
    Net banking password
  • D
    Login password
Answer
Correct option: A.
Bank name
Bank name
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MCQ 351 Mark
What does the bank provide to the customer for shopping and payment from Internet?
  • A
    Net banking space
  • B
    E-commerce space
  • C
    Net banking signature
  • Net banking password
Answer
Correct option: D.
Net banking password
Net banking password
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MCQ 361 Mark
Which of the following payment systems is believed to be safer than using credit cards?
  • Net banking or Online banking
  • B
    Charge card
  • C
    Smart card
  • D
    Debit card
Answer
Correct option: A.
Net banking or Online banking
Net banking or Online banking
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MCQ 371 Mark
Which option is becoming more popular for online payment?
  • Net banking or Online banking
  • B
    Charge card
  • C
    Smart card
  • D
    Debit card
Answer
Correct option: A.
Net banking or Online banking
Net banking or Online banking
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MCQ 381 Mark
What is to be done to the customer if the total amount is not paid back within billing period to the company who has issued charge card?
  • Customer has to pay a late fee.
  • B
    Card is taken back after paying late fees.
  • C
    Items are returned back.
  • D
    None of these
Answer
Correct option: A.
Customer has to pay a late fee.
Customer has to pay a late fee.
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MCQ 391 Mark
Which of the following have not credit limits as compared to credit card?
  • A
    Smart card
  • B
    Debit card
  • Charge card
  • D
    All of these
Answer
Correct option: C.
Charge card
Charge card
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MCQ 401 Mark
Which of the following appearance?
  • A
    Smart card
  • B
    Charge card
  • C
    Charge card
  • All of these
Answer
Correct option: D.
All of these
All of these
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MCQ 411 Mark
What is required to read information or add data in smart card?
  • A
    Smart card sensor
  • B
    Smart card rewriter
  • C
    Smart card writer
  • Smart card reader
Answer
Correct option: D.
Smart card reader
Smart card reader
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MCQ 421 Mark
Where are smart cards popular?
  • A
    U.S., Europe
  • B
    japan
  • C
    Some parts of Asia
  • All of these
Answer
Correct option: D.
All of these
All of these
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MCQ 431 Mark
Show the purpose of using a smart card.
  • A
    To store digital cash
  • B
    Storing a patient’s medical records
  • a and b both
  • D
    None of these
Answer
Correct option: C.
a and b both
a and b both
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MCQ 441 Mark
Which is the form in which information in smart card is stored so that it is much safer than the credit card or debit cards?
  • Encrypted form
  • B
    Decrypted form
  • C
    Analog form
  • D
    None of these
Answer
Correct option: A.
Encrypted form
Encrypted form
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MCQ 451 Mark
What is available with the merchants who accept smart cards?
  • A
    Smart card sensor
  • B
    Smart card rewriter
  • C
    Smart card writer
  • Smart card reader
Answer
Correct option: D.
Smart card reader
Smart card reader
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MCQ 461 Mark
Which information is contained in a smart card?
  • A
    Account information, cash
  • B
    Health insurance information
  • C
    User’s private information
  • All of these
Answer
Correct option: D.
All of these
All of these
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MCQ 471 Mark
What is embedded in smart card?
  • A
    Mega chip
  • B
    Peta chip
  • Micro chip
  • D
    All of these
Answer
Correct option: C.
Micro chip
Micro chip
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MCQ 481 Mark
Which card can keep the consumer purchases under a limit?
  • Debit card
  • B
    All of these
  • C
    Smart card
  • D
    Credit card
Answer
Correct option: A.
Debit card
Debit card
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MCQ 491 Mark
By using which card is the amount immediately deducted from the bank account of the consumer?
  • Debit card
  • B
    All of these
  • C
    Smart card
  • D
    Credit card
Answer
Correct option: A.
Debit card
Debit card
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MCQ 501 Mark
By using which card for a purchase should the customer always be aware of his account balance?
  • Debit card
  • B
    Credit card
  • C
    Smart card
  • D
    All of these
Answer
Correct option: A.
Debit card
Debit card
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MCQ - Computer STD 12 Commerce Questions - Vidyadip