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

Which of the following is not a category of micropayment?

(a)

Buying a movie ticket

(b)

Subscription to e journals

(c)

Buying a laptop

(d)

Paying for smartphone app

Which of the following is correctly matched

(a)

Credit Cards - pay before

(b)

Debit Cards - pay now

(c)

Stored Value Card - pay later

(d)

Smart card – pay anytime

ECS stands for

(a)

Electronic Clearing Services

(b)

Electronic Cloning Services

(c)

Electronic Clearing Station

(d)

Electronic Cloning Station

Which of the following is a online payment system for small payments.

(a)

Card based payment

(b)

Micro electronic payment

(c)

Macro electronic payment

(d)

Credit card payment

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

Pick the odd one in the credit card transaction

(a)

card holder

(b)

merchant

(c)

marketing manager

(d)

acquirer

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

Match the following

List A	List B
A1) First Digit	B1) Account number
A2) 9th to 15th Digit	B2) MII Code
A3) First 6 Digits	B3) BIN Code
A4) Last Digit	B4) Check digit

(a)

A1	A2	A3	A4
B4	B3	B2	B1

(b)

A1	A2	A3	A4
B2	B1	B3	B4

(c)

A1	A2	A3	A4
B2	B3	B4	B1

(d)

A1	A2	A3	A4
B2	B4	B3	B1