Digital Financial Tools

Digital Financial Tools


Electronic Payment System

Issues of trust and acceptance play a more significant role in the e-commerce worldthan in traditional businesses as far as payment systems are concerned. Traditionally, a customer sees a product, examines it, and then pays for it by cash, check, or credit card (Figure 3.1). In the e-commerce world, in most cases the customer does not actually see the concrete product at the time of transaction, and the method of payment is performed electronically.

EPSs enable a customer to pay for the goods and services online by using integrated hardware and software systems. The main objectives of EPS are to increase efficiency, improve security, and enhance customer convenience and ease of use. Although these systems are in their immaturity, some significant

development has been made. There are several methods and tools that can be used to enable EPS implementation

While customers pay for goods/services by cash, check, or credit cards in conventional businesses, online buyers may use one of the following EPSs to pay for products/services purchased online:

Electronic funds transfer (EFT): EFT involves electronic transfer of money by financial institutions.

Payment cards : They contain stored financial value that can be transferred from the customer's computer to the businessman's computer.

Credit cards : They are the most popular method used in EPSs and are used by charging against the customer credit.

Smart cards: They include stored financial value and other important personal and financial information used for online payments.

Electronic money (e-money/e-cash): This is standard money converted into an electronic format to pay for online purchases.

Online payment: This can be used for monthly payment for Internet, phone bills, etc.

Electronic wallets (e-wallets) : They are similar to smart cards as they include stored financial value for online payments.

Micro-payment systems : They are similar to e-wallets in that they include stored financial value for online payments; on the other hand, they are used for small payments, such as kurus in Turkey .

Electronic gifts : They are one way of sending electronic currency or gift certificates from one individual to another. The receiver can spend these gifts in their favorite online stores provided they accept this type of currency.


Qus. 1 : What is a Debit Card?

  1. a plastic of card
  2. Can also use in ATM
  3. It is necessary to have money in advance for use
  4. All of the above
Qus. 2 : 4.0 Number developed from which country?

  1. Germany
  2. USA
  3. Singapore
  4. England
Qus. 3 : Who is the developer of Paytm?

  1. Vijay chandra sharma
  2. Vijay shekhar sharma
  3. Vishnu shekhar sharma
  4. Vishun chandra sharma
Qus. 4 : What is the full form of S in UPI reference PSP?

  1. Service
  2. Saving
  3. Sending
  4. None
Qus. 5 : What is the fee for doing 200000 to 500000 rupees transactions?

  1. 25
  2. 50
  3. 100
  4. 5
Qus. 6 : What is the maximum amount that can be remitted by AEPS?

  1. 5000
  2. 50000
  3. 100000
  4. 10000
Qus. 7 : How much rupees can a person remit in 1 day by USSSD?

  1. 10000
  2. 5000
  3. 15000
  4. 25000
Qus. 8 : Umang app launched by

  1. RBI
  2. UPI
  3. NPCI
  4. NEFT
Qus. 9 : The term GIGO related with?

  1. Accuracy
  2. Versatile
  3. Automatic
  4. Reliability
Qus. 10 : Priority of EDI is :

  1. Any Company
  2. Hardware
  3. Computer
  4. Software
Qus. 11 : NEFT Service start from?

  1. November 2005
  2. March 2004
  3. November 2006
  4. None of these
Qus. 12 : What is mean by B2B ?

  1. Business to Business
  2. Business to Buyer
  3. Buyer to Business
  4. None of These
Qus. 13 : Full form of UMANG?

  1. Unified money application for new-age governance
  2. Unified memories application for new-age governance
  3. Unified mobile application for new-age governance
  4. None
Qus. 14 : Full name of B2G?

  1. Business to Government
  2. Brand to Government
  3. Both
  4. None
Qus. 15 : What is the full name of NASSCOM?

  1. National association of software and services companies
  2. National advance of software and services companies
  3. National association of system and services companies
  4. None
Qus. 16 : Umang app was launched from which ministry?

  1. Finance Ministry
  2. Ministry of Education
  3. Ministry of Electronic and IT
  4. None of these
Qus. 17 : When did the Umang app start in India?

  1. 23 November 2017
  2. 27 November 2015
  3. 15 August 2017
  4. 17 July 2018
Qus. 18 : UIDAI Connected with ?

  1. Pan Card
  2. Aadhar Card
  3. U.P.I. From
  4. All of the above
Qus. 19 : What is the full form of IMF?

  1. Internet money fund
  2. International Money Fund
  3. International Monetary Fund
  4. None of these
Qus. 20 : Digilocker connected with?

  1. From aadhar card
  2. From PAN card
  3. By mobile number
  4. A and C both
Qus. 21 : Which is invalid category of programming language?

  1. Low lavel language
  2. Medium level language
  3. High level language
  4. None
Qus. 22 : How much money can transfer through UPI?

  1. 10000
  2. 20000
  3. 50,000
  4. 100000
Qus. 23 : Umang application was launched by which ministry?

  1. Ministry of electronics & IT
  2. Ministry of Finance
  3. Ministry of HRD
  4. All of above
Qus. 24 : What does N mean in UMANG App?

  1. New - Age
  2. National
  3. New
  4. None
Qus. 25 : What is the full form of E in AEPS?

  1. Electric
  2. Electronic
  3. Enabled
  4. None
Qus. 26 : The minimum age required for the APY Pension is?

  1. 50
  2. 55
  3. 60
  4. 65
Qus. 27 : What does EFT stand for?

  1. Electronic Financial Transfer
  2. Electronic Funds Transfer
  3. Electric Finance Transfer
  4. Electric Fund Transfer
Qus. 28 : What is not required to download mAadhaar?

  1. Biometric Data
  2. Registered Mobile number
  3. Internet Connectivity
  4. Android Phone
Qus. 29 : USSD was launched by?

  1. RBI
  2. SBI
  3. Bank of Baroda
  4. Union Bank of India
Qus. 30 : Postinfo Mobile App has been released by which department?

  1. Railway
  2. Police
  3. Post Office
  4. Defense
Qus. 31 : Which Of The Following Is The Size Of Rs 200 Note?

  1. 146mm X 66mm
  2. 150mm X 66mm
  3. 166mm X 66mm
  4. None of These
Qus. 32 : Which of The Following Can Be Included In An SSTP Section?

  1. One Smtp Transaction
  2. Two Smtp Transaction
  3. More Than One SMTP Transaction
  4. Three Smtp Transaction
Qus. 33 : Income Tax Bridge Is Related To Which Of The Following?

  1. Income Tax
  2. Uidai
  3. Pan Card
  4. None Of These
Qus. 34 : Passport Seva website is

  1. www.passportindia.gov.in
  2. www.passportindia.com
  3. www.passportindia.edu
  4. www.e-passportindia.gov.in
Qus. 35 : ORS stands for

  1. Open Resource System
  2. Online Registration System
  3. Open Reform System
  4. Open Repair System
Qus. 36 : UMANG is integrated with

  1. Aadhaar and Digilocker
  2. Aadhaar or Digilocker
  3. Digilocker only
  4. Aadhaar only
Qus. 37 : To Digitally sign a document in LibreOffice Writer we use Digital Signature menu option from_____?

  1. File
  2. Edit
  3. Insert
  4. Tools
Qus. 38 : AADHAR is a unique identity number issued by____?

  1. UBI
  2. UIAI
  3. UIDAI
  4. UBDAI
Qus. 39 : Through which network does Open loT manage registration, deployment of sensors?

  1. LSM
  2. HTTP
  3. X-GSN
  4. GSN
Qus. 40 : whom among the following was the mpassport issued?

  1. Ministry of Finance Affairs
  2. RBI
  3. ministry of home affairs
  4. ministry of external affairs
Qus. 41 : Which of the following will be the full form of irctc?

  1. indian railway catering and tourism corporation
  2. indian railway corporation and tourism catering
  3. indian railway catering and travel corporation
  4. None of These
Qus. 42 : What does BHIM stands for?

  1. Bharat Interface for Money
  2. Bharat Interface for Machine
  3. Bharat Internet for Money
  4. Bharat Interface to Money
Qus. 43 : UMANG app helps to avail the services such as :

  1. Filling income tax
  2. Making Aadhaar and PF
  3. Booking a gas cylinder
  4. All of the above
Qus. 44 : What stand for 'e' in e-Governance

  1. easy
  2. electrical
  3. electronic
  4. None of These
Qus. 45 : How many languages are in the UMANG app?

  1. 20 Languages
  2. 21 Languages
  3. 22 Languages
  4. 23Languages
Qus. 46 : Which description is appropriate among the following for ‘E-Governance’?

  1. To engage enable and empower citizens
  2. To Provide fair and unbiased to citizens
  3. To provide technology driven governance
  4. to ensure people’s faith in E-Commerce
Qus. 47 : What services are available on the UMANG?

  1. EPFO/Pension/CBSE
  2. Ticket Booking
  3. PNR Status
  4. Maps
Qus. 48 : Startup is started for whom?

  1. Doctors
  2. Entrepreneurs
  3. Students
  4. Youngsters
Qus. 49 : What is the meaning of UPI?

  1. Unified Payment Interface
  2. Unfind Pay Interface
  3. Unique Payment Interface
  4. Universal Payment Interface

Programs

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