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Question
Write short answers for the following question:
What is net-banking transfer?
Solution
Net banking can be defined as the facility of transferring funds electronically. It is a mode of online payment that enables direct
transfer of funds from one bank account to another. Using this facility, a user can make an electronic payment to the bank
account of the online vendor through the internet. In the whole process, the buyer first transfers the whole amount to the seller’s
account through internet and later, it is only after the seller receives the agreed amount, he delivers the goods to the buyer.
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Select the proper option from the options given below and rewrite the completed sentence:
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Match the pairs:
| Group A | Group B | ||
| a. | e-business | 1. | cost reduction |
| b. | B to C | 2. | Hyper Transfer Text Protocol |
| c. | ATM | 3. | encryption |
| d. | Payment geteway | 4. | electronic business |
| e. | HTTP | 5. | point of sale |
| 6. | Business to Consumer | ||
| 7. | Business to Business | ||
| 8. | authorizes payment made online | ||
| 9. | outsourcing | ||
| 10. | Automatic Teller Machine |
Write the word or phrase or term which can substitute the following:
Name the form of electronic currency that exists only in cyberspace.
Write the word or phrase or term which can substitute the following:
Name the service provider which is used for payments through web.
Write short note on the following:
Online transactions
Write short note on the following:
Payment Mechanism
State with reasons whether the following statement true of false.
The term “e-business” is derived from the terms “e-mail” and “e-commerce”.
State with reasons whether the following statement true of false.
Credit cards are used for cash payments.
State with reasons whether the following statement true of false.
In online transactions, account and shopping cart are password protected.
Answer the following.
What is e-business? How did the concept originate?
