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MCQs on E Commerce - 12

1 ……………….is a financial institution that establishes an account with a merchant and processes payment card authorization and payments

(a) customer 
(b) issuer 
(c) Merchant 
(d) Acquirer



2. In …………………..type of payment system customer is allowed to spend only up to the amount that have pre deposited into account.

(a) Prepaid 
(b) Post paid 
(c) both of these 
(d) none of these



3 ………………type of payment system is highly useful to those customers who would like to control overspending,

(a) Prepaid 
(b) Post paid 
(c) both of these 
(d) none of these



4 ……………………….credit card gives all the advantages of a normal credit card without worrying about the interest charges

(a) Prepaid 
(b) Post paid 
(c) both of these 
(d) none of these



5 ……………………facility helps the customer to pay only a small amount of the total outstanding and revolve the rest of the payment to the next month.

(a) Cash advance 
(b) Revolver 
(c) Tele draft 
(d) None of these



6 …………………..is the system of purchasing cash credits in relatively small amounts, storing the credits in our computer, and then spending them, when making electronic purchases over the internet.

(a) E-cash 
(b) Digicash 
(c) Cyber cash 
(d) any of these



7 ………………….is a financial instrument which can be used more than once to borrow money or buy products and services on credit.

(a) Credit card 
(b) E-Cheques 
(c) E-cash 
(d) none of these



8. To accept a credit card for payment, we have to open a …………………account with our bank

(a) Savings Bank 
(b) Current account 
(c) Merchant account 
(d) any of these


9. A……………………..is a device that includes an embedded integrated circuit Chip [ICC] that can be either a secure micro controller or equivalent intelligence with internal memory or a memory chip alone.

(a) smart Cards 
(b) E-Cheques 
(c) E-cash 
(d) none of these



10 ………………..is a kind of payment card that transfers fund directly from the consumer’s bank account to the merchants account

(a) Debit Card 
(b) Electronic purse 
(c) credit card 
(d) any of these




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