Samacheer Kalvi Class 12th Electronic Payment Systems Questions - 1

Question: 1

ECS stands for

(A) Electronic Clearing Services

(B) Electronic Cloning Services

(C) Electronic Clearing Station

(D) Electronic Cloning Station

Ans: A

Electronic Clearing Services

Question: 2

An electronic payment system is also called as

(A) Liquidation

(B) Clearing services

(C) Clearing system

(D) All of these

Ans: D

All of these

Question: 3

Pick the odd one out.

(A) Internet payment systems

(B) Watch a movie online

(C) Read journals

(D) Listen to a song

Ans: A

Internet payment systems

Question: 4

How many micro electronic payments systems are there based on simple cryptographic algorithms?

(A) 2

(B) 3

(C) 4

(D) 5

Ans: C


Question: 5

The plastic cards was introduced in the year

(A) 1955

(B) 1957

(C) 1967

(D) 1985

Ans: A


Question: 6

The Diners Club Card was created in the year

(A) 1950

(B) 1955

(C) 1961

(D) 1971

Ans: A


Question: 7

Which of the following is not a Altcoin

(A) Bitcoin

(B) Ethereum

(C) Namecoin

(D) Litecoin

Ans: B


Question: 8

Which of the following is true about Virtual Payment Address (VPA)

(A) Multiple bank accounts cannot have single VPA

(B) VPA is a unique ID

(C) VPA does not include numbers

(D) Customers can use their email id as VPA

Ans: A

Multiple bank accounts cannot have single VPA

Question: 9

Which of the following is correctly matched

(A) Smart card – Pay anytime

(B) Stored Value card – Pay later

(C) Credit cards – pay before

(D) Debit cards – pay now

Ans: D

Debit cards – pay now

Question: 10

Which of the following is not a category of micro payment?

(A) Buying a laptop

(B) Buying a movie ticket

(C) Subscription to e journals

(D) Paying for smart phone app

Ans: A

Buying a laptop