Question 1

Bying and selling of product and services using electronic means is called as _____&#10;A)ecommerce&#10;B)traditional commerce&#10;C)online pruchase&#10;D)computer buying

Accepted Answer

E-commerce, short for electronic commerce, refers to the buying and selling of products or services using the internet. It encompasses a wide range of online business activities for products and services.

Question 2

Low value purchasing like purchasing of news article or pay on click is done by ________.&#10;A)debit card&#10;B)micro payment&#10;C)credit card&#10;D)cheques

Accepted Answer

Micro payment systems are designed to handle very small transactions, such as purchasing a news article or paying per click on a website. These systems are efficient for low-value transactions, unlike debit cards, credit cards, or cheques, which are typically used for higher-value purchases due to processing fees and convenience factors.

Question 3

credit card, debit card and smart card is called as ____.&#10;A)instant money&#10;B)deposited money&#10;C)plastic money&#10;D)stored money

Accepted Answer

Credit cards, debit cards, and smart cards are collectively referred to as "plastic money" because they are used as a means of payment instead of traditional paper currency or coins.

Question 4

Excel sheet is also called as ______.&#10;A)table sheet&#10;B)spreadsheet&#10;C)worksheet&#10;D)grid sheet

Accepted Answer

Excel sheet is commonly referred to as a spreadsheet, which is a digital document used to organize, analyze, and store data in tabular form.

Question 5

Which function in Excel checks whether a condition is true or not ?&#10;A)sum&#10;B)count&#10;C)if&#10;D)average

Accepted Answer

The IF function in Excel is used to check whether a condition is true or not and then returns one value if true and another value if false.

Question 6

A scenario uses all of the following except ________&#10;A)changing cell&#10;B)table area&#10;C)result cell&#10;D)formulas

Accepted Answer

Scenarios in Excel primarily involve changing cell values to see how those changes affect the outcomes of formulas in result cells. They do not inherently involve a "table area," which is more related to structured references or data management in Excel, rather than scenario analysis.

Question 7

Unsolicited emails are called as _______.&#10;A)virus&#10;B)worms&#10;C)spam&#10;D)trojan horse

Accepted Answer

Unsolicited emails, often containing advertisements or potentially harmful links, are referred to as "spam."

Question 8

_____ is a type of internet fraud that seeks to acquire users credentials by deception.&#10;A)spoofing&#10;B)sniffing&#10;C)hacking&#10;D)phishing

Accepted Answer

Phishing is a fraudulent attempt to obtain sensitive information or data, such as usernames, passwords, credit card numbers, or other personal details, by disguising oneself as a trustworthy entity in an electronic communication. This is typically done through email spoofing or instant messaging, and it often directs users to enter personal information at a fake website that matches the look and feel of the legitimate site.

Deck 1: Electronic Transactions and Technology Terminologies