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Chapter 4 MCQs With Answers

The document contains multiple-choice questions (MCQs) related to E-Commerce and digital payments, covering topics such as definitions, types of E-Commerce, payment gateways, and security protocols. Key concepts include the importance of B2C transactions, the role of issuing and acquiring banks in card payments, and the significance of the PSS Act's Section 12 for dispute resolution. It also highlights various types of digital payment fraud and the most secure Wi-Fi payment protocol, which is WPA3.

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ungraduate582
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18 views13 pages

Chapter 4 MCQs With Answers

The document contains multiple-choice questions (MCQs) related to E-Commerce and digital payments, covering topics such as definitions, types of E-Commerce, payment gateways, and security protocols. Key concepts include the importance of B2C transactions, the role of issuing and acquiring banks in card payments, and the significance of the PSS Act's Section 12 for dispute resolution. It also highlights various types of digital payment fraud and the most secure Wi-Fi payment protocol, which is WPA3.

Uploaded by

ungraduate582
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Chapter 4 - E-Commerce & Digital Payments MCQs

1. What does E-Commerce refer to?

(*) Buying and selling goods over the internet

( ) Physical store shopping

( ) Only banking transactions

( ) Text messaging services

Answer: Buying and selling goods over the internet

2. Which of the following is a type of E-Commerce?

(*) B2C

( ) B2G

( ) G2C

( ) P2P

Answer: B2C

3. What is a payment gateway?

( ) A delivery system

( ) A website

(*) A platform to process payments

( ) An invoice generator

Answer: A platform to process payments

4. Which one is NOT a component of E-Commerce?

( ) Web Portal

( ) Shipping

(*) ATM Machine

( ) Payment Gateway
Answer: ATM Machine

5. Which technology allows banking without internet?

( ) UPI

( ) NEFT

(*) USSD

( ) RTGS

Answer: USSD

6. What is the correct answer regarding: The most secure Wi-Fi payment protocol?

( ) WEP

( ) WPA

( ) WPA2

(*) WPA3

Answer: WPA3

7. What is the correct answer regarding: The most secure Wi-Fi payment protocol?

( ) WEP

( ) WPA

( ) WPA2

(*) WPA3

Answer: WPA3

8. What is the correct answer regarding: The most secure Wi-Fi payment protocol?

( ) WEP

( ) WPA

( ) WPA2

(*) WPA3
Answer: WPA3

9. What is the correct answer regarding: What section of the PSS Act covers dispute resolution??

( ) Section 4

(*) Section 12

( ) Section 8

( ) Section 20

Answer: Section 12

10. What is the correct answer regarding: Main parties involved in card payment?

( ) Customer and Vendor

(*) Issuing and Acquiring banks

( ) Only customer

( ) Delivery partner

Answer: Issuing and Acquiring banks

11. What is the correct answer regarding: The most secure Wi-Fi payment protocol?

( ) WEP

( ) WPA

( ) WPA2

(*) WPA3

Answer: WPA3

12. What is the correct answer regarding: What section of the PSS Act covers dispute resolution??

( ) Section 4

(*) Section 12

( ) Section 8

( ) Section 20
Answer: Section 12

13. What is the correct answer regarding: A type of digital payment fraud?

( ) Vishing

( ) Phishing

( ) Screen Monitoring Apps

(*) All of the above

Answer: All of the above

14. What is the correct answer regarding: What section of the PSS Act covers dispute resolution??

( ) Section 4

(*) Section 12

( ) Section 8

( ) Section 20

Answer: Section 12

15. What is the correct answer regarding: Main parties involved in card payment?

( ) Customer and Vendor

(*) Issuing and Acquiring banks

( ) Only customer

( ) Delivery partner

Answer: Issuing and Acquiring banks

16. What is the correct answer regarding: A type of digital payment fraud?

( ) Vishing

( ) Phishing

( ) Screen Monitoring Apps

(*) All of the above


Answer: All of the above

17. What is the correct answer regarding: What is a SIPS??

( ) Small Integrated Payment System

( ) Secure Internet Payment System

(*) Systemically Important Payment System

( ) Service for Instant Payment

Answer: Systemically Important Payment System

18. What is the correct answer regarding: What section of the PSS Act covers dispute resolution??

( ) Section 4

(*) Section 12

( ) Section 8

( ) Section 20

Answer: Section 12

19. What is the correct answer regarding: A type of digital payment fraud?

( ) Vishing

( ) Phishing

( ) Screen Monitoring Apps

(*) All of the above

Answer: All of the above

20. What is the correct answer regarding: What section of the PSS Act covers dispute resolution??

( ) Section 4

(*) Section 12

( ) Section 8

( ) Section 20
Answer: Section 12

21. What is the correct answer regarding: Main parties involved in card payment?

( ) Customer and Vendor

(*) Issuing and Acquiring banks

( ) Only customer

( ) Delivery partner

Answer: Issuing and Acquiring banks

22. What is the correct answer regarding: The most secure Wi-Fi payment protocol?

( ) WEP

( ) WPA

( ) WPA2

(*) WPA3

Answer: WPA3

23. What is the correct answer regarding: What section of the PSS Act covers dispute resolution??

( ) Section 4

(*) Section 12

( ) Section 8

( ) Section 20

Answer: Section 12

24. What is the correct answer regarding: The most secure Wi-Fi payment protocol?

( ) WEP

( ) WPA

( ) WPA2

(*) WPA3
Answer: WPA3

25. What is the correct answer regarding: Main parties involved in card payment?

( ) Customer and Vendor

(*) Issuing and Acquiring banks

( ) Only customer

( ) Delivery partner

Answer: Issuing and Acquiring banks

26. What is the correct answer regarding: A type of digital payment fraud?

( ) Vishing

( ) Phishing

( ) Screen Monitoring Apps

(*) All of the above

Answer: All of the above

27. What is the correct answer regarding: What is a SIPS??

( ) Small Integrated Payment System

( ) Secure Internet Payment System

(*) Systemically Important Payment System

( ) Service for Instant Payment

Answer: Systemically Important Payment System

28. What is the correct answer regarding: The most secure Wi-Fi payment protocol?

( ) WEP

( ) WPA

( ) WPA2

(*) WPA3
Answer: WPA3

29. What is the correct answer regarding: What section of the PSS Act covers dispute resolution??

( ) Section 4

(*) Section 12

( ) Section 8

( ) Section 20

Answer: Section 12

30. What is the correct answer regarding: The most secure Wi-Fi payment protocol?

( ) WEP

( ) WPA

( ) WPA2

(*) WPA3

Answer: WPA3

31. What is the correct answer regarding: What is a SIPS??

( ) Small Integrated Payment System

( ) Secure Internet Payment System

(*) Systemically Important Payment System

( ) Service for Instant Payment

Answer: Systemically Important Payment System

32. What is the correct answer regarding: Main parties involved in card payment?

( ) Customer and Vendor

(*) Issuing and Acquiring banks

( ) Only customer

( ) Delivery partner
Answer: Issuing and Acquiring banks

33. What is the correct answer regarding: Main parties involved in card payment?

( ) Customer and Vendor

(*) Issuing and Acquiring banks

( ) Only customer

( ) Delivery partner

Answer: Issuing and Acquiring banks

34. What is the correct answer regarding: A type of digital payment fraud?

( ) Vishing

( ) Phishing

( ) Screen Monitoring Apps

(*) All of the above

Answer: All of the above

35. What is the correct answer regarding: A type of digital payment fraud?

( ) Vishing

( ) Phishing

( ) Screen Monitoring Apps

(*) All of the above

Answer: All of the above

36. What is the correct answer regarding: A type of digital payment fraud?

( ) Vishing

( ) Phishing

( ) Screen Monitoring Apps

(*) All of the above


Answer: All of the above

37. What is the correct answer regarding: The most secure Wi-Fi payment protocol?

( ) WEP

( ) WPA

( ) WPA2

(*) WPA3

Answer: WPA3

38. What is the correct answer regarding: What section of the PSS Act covers dispute resolution??

( ) Section 4

(*) Section 12

( ) Section 8

( ) Section 20

Answer: Section 12

39. What is the correct answer regarding: A type of digital payment fraud?

( ) Vishing

( ) Phishing

( ) Screen Monitoring Apps

(*) All of the above

Answer: All of the above

40. What is the correct answer regarding: Main parties involved in card payment?

( ) Customer and Vendor

(*) Issuing and Acquiring banks

( ) Only customer

( ) Delivery partner
Answer: Issuing and Acquiring banks

41. What is the correct answer regarding: What section of the PSS Act covers dispute resolution??

( ) Section 4

(*) Section 12

( ) Section 8

( ) Section 20

Answer: Section 12

42. What is the correct answer regarding: What is a SIPS??

( ) Small Integrated Payment System

( ) Secure Internet Payment System

(*) Systemically Important Payment System

( ) Service for Instant Payment

Answer: Systemically Important Payment System

43. What is the correct answer regarding: Main parties involved in card payment?

( ) Customer and Vendor

(*) Issuing and Acquiring banks

( ) Only customer

( ) Delivery partner

Answer: Issuing and Acquiring banks

44. What is the correct answer regarding: Main parties involved in card payment?

( ) Customer and Vendor

(*) Issuing and Acquiring banks

( ) Only customer

( ) Delivery partner
Answer: Issuing and Acquiring banks

45. What is the correct answer regarding: What is a SIPS??

( ) Small Integrated Payment System

( ) Secure Internet Payment System

(*) Systemically Important Payment System

( ) Service for Instant Payment

Answer: Systemically Important Payment System

46. What is the correct answer regarding: What section of the PSS Act covers dispute resolution??

( ) Section 4

(*) Section 12

( ) Section 8

( ) Section 20

Answer: Section 12

47. What is the correct answer regarding: What section of the PSS Act covers dispute resolution??

( ) Section 4

(*) Section 12

( ) Section 8

( ) Section 20

Answer: Section 12

48. What is the correct answer regarding: What is a SIPS??

( ) Small Integrated Payment System

( ) Secure Internet Payment System

(*) Systemically Important Payment System

( ) Service for Instant Payment


Answer: Systemically Important Payment System

49. What is the correct answer regarding: A type of digital payment fraud?

( ) Vishing

( ) Phishing

( ) Screen Monitoring Apps

(*) All of the above

Answer: All of the above

50. What is the correct answer regarding: What section of the PSS Act covers dispute resolution??

( ) Section 4

(*) Section 12

( ) Section 8

( ) Section 20

Answer: Section 12

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