Question 1

Bying and selling of product and services using electronic means is called as _____
A)ecommerce
B)traditional commerce
C)online pruchase
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 ________.
A)debit card
B)micro payment
C)credit card
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 ____.
A)instant money
B)deposited money
C)plastic money
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 ______.
A)table sheet
B)spreadsheet
C)worksheet
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 ?
A)sum
B)count
C)if
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 ________
A)changing cell
B)table area
C)result cell
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 _______.
A)virus
B)worms
C)spam
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.
A)spoofing
B)sniffing
C)hacking
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.

Quiz 1: Electronic Transactions and Technology Terminologies

Bying and selling of product and services using electronic means is called as _____

Low value purchasing like purchasing of news article or pay on click is done by ________.

credit card, debit card and smart card is called as ____.

Excel sheet is also called as ______.

Which function in Excel checks whether a condition is true or not ?

A scenario uses all of the following except ________

Unsolicited emails are called as _______.

_____ is a type of internet fraud that seeks to acquire users credentials by deception.