McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Science in Information Technology TY (BSc IT) , Bachelor of Science in Information Technology (BSc IT) .
Chapters
| 1. |
What does a digital wallet allow an individual to do? |
| A. | Make electronic transactions |
| B. | Store physical cash |
| C. | Access social media |
| D. | Write digital checks |
| Answer» A. Make electronic transactions | |
| 2. |
What is the key difference between a debit card and a credit card? |
| A. | Debit cards are only used online. |
| B. | Credit cards have spending limits. |
| C. | Debit cards offer rewards programs. |
| D. | Debit card transactions deduct funds directly from the user's bank account. |
| Answer» D. Debit card transactions deduct funds directly from the user's bank account. | |
| 3. |
What is a credit card based on? |
| A. | Prepaid funds loaded onto the card |
| B. | The cardholder's promise to pay the issuer for the amount spent |
| C. | Direct access to the cardholder's bank account |
| D. | A monthly subscription fee |
| Answer» B. The cardholder's promise to pay the issuer for the amount spent | |
| 4. |
What type of entity is E-Cash? |
| A. | A cryptocurrency |
| B. | A mobile wallet app |
| C. | A financial technology company |
| D. | An online marketplace |
| Answer» C. A financial technology company | |
| 5. |
Which of the following is NOT a risk associated with E-payments? |
| A. | Credit risk |
| B. | Fraud risk |
| C. | Liquidity risk |
| D. | Delivery risk |
| Answer» D. Delivery risk | |
| 6. |
What is a potential consequence of inadequate internal controls in E-payments? |
| A. | Increased customer satisfaction |
| B. | Higher risk of fraud and financial losses |
| C. | Improved compliance with regulations |
| D. | Faster transaction processing times |
| Answer» B. Higher risk of fraud and financial losses | |
| 7. |
What type of risk arises from a credit union's inability to settle financial obligations on time? |
| A. | Liquidity risk |
| B. | Systemic risk |
| C. | Strategic risk |
| D. | Compliance risk |
| Answer» A. Liquidity risk | |
| 8. |
Which risk involves potential harm to a credit union's reputation due to unmet customer expectations? |
| A. | Operational risk |
| B. | Strategic risk |
| C. | Reputation risk |
| D. | Systemic risk |
| Answer» C. Reputation risk | |
| 9. |
What is an e-payment system? |
| A. | A system for exchanging physical currency |
| B. | A method of making transactions electronically |
| C. | A platform for online auctions |
| D. | A type of cryptocurrency |
| Answer» B. A method of making transactions electronically | |
| 10. |
Which of the following is an advantage of e-payments? |
| A. | Increased risk of theft |
| B. | High transaction fees |
| C. | Limited acceptance |
| D. | Convenience and time savings |
| Answer» D. Convenience and time savings | |
| 11. |
What is a disadvantage of using e-payments? |
| A. | Potential security risks and hacking |
| B. | Faster transaction times |
| C. | Lower transaction fees |
| D. | Increased anonymity |
| Answer» A. Potential security risks and hacking | |
| 12. |
Why might transferring money between different e-payment systems be problematic? |
| A. | All systems use the same currency. |
| B. | Transfers are usually instantaneous. |
| C. | Many systems lack interoperability and may require currency exchange. |
| D. | Transfer fees are typically very low. |
| Answer» C. Many systems lack interoperability and may require currency exchange. | |
| 13. |
What is a smart card? |
| A. | A loyalty card for a specific store |
| B. | A virtual credit card stored on a phone |
| C. | A plastic card with an embedded microchip for data storage and processing |
| D. | A type of contactless payment method |
| Answer» C. A plastic card with an embedded microchip for data storage and processing | |
| 14. |
What is one of the main advantages of using smart cards? |
| A. | Enhanced security features and encryption |
| B. | Universal compatibility with all readers |
| C. | Low production cost |
| D. | Unlimited storage capacity |
| Answer» A. Enhanced security features and encryption | |
| 15. |
Which of the following is a concern regarding the privacy of smart card information? |
| A. | Smart cards are highly resistant to hacking. |
| B. | Users have complete control over their data. |
| C. | Information is stored locally on the card. |
| D. | Potential access or misuse by unauthorized entities, including governments |
| Answer» D. Potential access or misuse by unauthorized entities, including governments | |
| 16. |
How can smart cards be beneficial in healthcare? |
| A. | Storing insurance information and medical history |
| B. | Providing secure access to critical medical records and prescriptions |
| C. | Monitoring patient vital signs remotely |
| D. | Facilitating online medical consultations |
| Answer» B. Providing secure access to critical medical records and prescriptions | |
| 17. |
What is a key characteristic of electronic payment in e-commerce? |
| A. | It involves paperless monetary transactions. |
| B. | It requires physical presence at a bank. |
| C. | It is more time-consuming than manual processing. |
| D. | It limits market reach for businesses. |
| Answer» A. It involves paperless monetary transactions. | |
| 18. |
Which e-commerce payment method directly deducts funds from the customer's bank account? |
| A. | Credit Card |
| B. | Debit Card |
| C. | E-Wallet |
| D. | Smart Card |
| Answer» B. Debit Card | |
| 19. |
What is the function of a CVN (Card Verification Number) in online credit card payments? |
| A. | To store the cardholder's PIN |
| B. | To track the cardholder's spending habits |
| C. | To encrypt the cardholder's personal information |
| D. | To enhance security and help detect fraudulent transactions |
| Answer» D. To enhance security and help detect fraudulent transactions | |
| 20. |
What is an e-wallet? |
| A. | A physical wallet for storing credit cards |
| B. | A type of cryptocurrency |
| C. | A prepaid account that stores payment information for multiple cards and accounts |
| D. | A mobile app for online banking |
| Answer» C. A prepaid account that stores payment information for multiple cards and accounts | |
| 21. |
What is the primary benefit of using net banking for e-commerce payments? |
| A. | It allows direct payment from the customer's bank account without a physical card. |
| B. | It offers rewards points and cashback on purchases. |
| C. | It provides anonymity for online transactions. |
| D. | It eliminates the need for internet access. |
| Answer» A. It allows direct payment from the customer's bank account without a physical card. | |
| 22. |
How does mobile payment work for e-commerce transactions? |
| A. | By using NFC (Near Field Communication) technology |
| B. | By sending a payment request through text message or mobile app |
| C. | By scanning a QR code displayed on the merchant's website |
| D. | By making a voice call to the customer's bank |
| Answer» B. By sending a payment request through text message or mobile app | |
| 23. |
What is B2B marketing? |
| A. | Marketing to individual consumers |
| B. | Marketing through social media platforms |
| C. | Marketing to government agencies |
| D. | Marketing products or services to other businesses |
| Answer» D. Marketing products or services to other businesses | |
| 24. |
What is brand strategy? |
| A. | A long-term plan for developing a successful brand |
| B. | A short-term promotional campaign |
| C. | A method of measuring brand awareness |
| D. | A set of guidelines for brand logo design |
| Answer» A. A long-term plan for developing a successful brand | |
| 25. |
What is data warehousing? |
| A. | The process of deleting large amounts of data |
| B. | The process of constructing and using a data warehouse for analytical reporting |
| C. | The practice of collecting data from unauthorized sources |
| D. | A type of data encryption method |
| Answer» B. The process of constructing and using a data warehouse for analytical reporting | |
| 26. |
What is data mining? |
| A. | The process of storing data in a secure location |
| B. | The practice of manipulating data for fraudulent purposes |
| C. | The process of analyzing large datasets to identify patterns and relationships |
| D. | A type of data compression technique |
| Answer» C. The process of analyzing large datasets to identify patterns and relationships | |
| 27. |
What is a key advantage of viral marketing? |
| A. | Guaranteed sales conversion |
| B. | Control over message dissemination |
| C. | Potential for wide reach at low cost |
| D. | High barrier to entry |
| Answer» C. Potential for wide reach at low cost | |
| 28. |
Why is viral marketing considered non-invasive? |
| A. | Users choose to share the content willingly. |
| B. | It does not collect any user data. |
| C. | It bypasses traditional advertising channels. |
| D. | It relies on personal recommendations. |
| Answer» A. Users choose to share the content willingly. | |
| 29. |
What is CRM (Customer Relationship Management)? |
| A. | A software for managing employee payroll |
| B. | A system for tracking inventory levels |
| C. | A platform for online advertising |
| D. | A strategy for managing interactions with customers |
| Answer» D. A strategy for managing interactions with customers | |
| 30. |
Which of the following is a key feature of CRM? |
| A. | Product design and development |
| B. | Tracking customer interactions and history |
| C. | Managing supply chain logistics |
| D. | Financial accounting and reporting |
| Answer» B. Tracking customer interactions and history | |
| 31. |
How can CRM benefit businesses? |
| A. | Improve customer satisfaction and loyalty |
| B. | Reduce employee productivity |
| C. | Increase operational costs |
| D. | Complicate business processes |
| Answer» A. Improve customer satisfaction and loyalty | |
| 32. |
What is a cookie in the context of e-business? |
| A. | A type of malware |
| B. | A form of online payment |
| C. | A small text file stored on a user's computer by a website |
| D. | A method of data encryption |
| Answer» C. A small text file stored on a user's computer by a website | |
| 33. |
How are cookies used in e-commerce? |
| A. | To track user browsing history across different websites |
| B. | To display targeted advertising based on user interests |
| C. | To remember user login details and preferences |
| D. | All of the above |
| Answer» D. All of the above | |
| 34. |
What type of cookie is used to keep items in an online shopping cart? |
| A. | Session cookie |
| B. | Permanent cookie |
| C. | Third-party cookie |
| D. | Secure cookie |
| Answer» A. Session cookie | |
| 35. |
What is permission marketing? |
| A. | Marketing to a specific target audience |
| B. | Marketing to consumers who have explicitly agreed to receive communication |
| C. | Marketing through social media influencers |
| D. | Marketing through unsolicited email |
| Answer» B. Marketing to consumers who have explicitly agreed to receive communication | |
| 36. |
Which of the following is an example of permission marketing? |
| A. | Cold calling potential customers |
| B. | Displaying pop-up ads on websites |
| C. | Opt-in email subscriptions |
| D. | Sending unsolicited text messages |
| Answer» C. Opt-in email subscriptions | |
| 37. |
What is affiliate marketing? |
| A. | An arrangement where one party promotes another party's products for a commission |
| B. | A type of influencer marketing |
| C. | A form of paid advertising |
| D. | A method of market research |
| Answer» A. An arrangement where one party promotes another party's products for a commission | |
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