NPTEL Online Certification Courses

Indian Institute of Technology Kharagpur

E-Business
Assignment- Week 7
TYPE OF QUESTION: MCQ/MSQ
Number of questions: 10 Total mark: 10 X 2 = 20
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QUESTION 1:

Cost of transaction is an important ________ aspect of electronic payment system

a. Technological
b. Economic
c. Social
d. Regulatory

Correct Answer: b

Explanation: Refer to slide 6

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QUESTION 2:

Visa or MasterCards are examples of __________ payment system.

a. Open loop payment acceptance and processing credit card system

b. Closed loop payment acceptance and processing credit card system
c. Three loop payment acceptance and processing debit card system
d. Mixed loop payment acceptance and processing debit card system

Correct Answer: a

Explanation: Refer to slide 12

Detailed Solution:

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QUESTION 3:
 NPTEL Online Certification Courses
Indian Institute of Technology Kharagpur

During EDI transaction, outbound translation stage converts an electronic business documents to
a common _________ data format.

a. ASCII
b. AS I
c. XML
d. EDI

Correct Answer: d

Explanation: Refer to slide 58

Detailed Solution:

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QUESTION 4:

REST API can provide B2B Interoperability at ____________ level

a. Communication level
b. Content level
c. Process level
d. None of the above

Correct Answer: c

Explanation: Refer to slide 83

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QUESTION 5:

The tags in an XML document are

a. Same as that of HTML

b. Defined by the user
c. Defined by ISO
d. None of the above
 NPTEL Online Certification Courses
Indian Institute of Technology Kharagpur

Correct Answer: b

Explanation: Refer to slide 73 and 74

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QUESTION 6:

REST API can return data in _________ format

a. XML
b. EDI
c. ASCII
d. MIME

Correct Answer: a

Explanation: Refer to slide 88

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Detailed Solution:

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QUESTION 7:

Crypto currencies like Bitcoin are based on __________ transaction

a. Peer to Peer
b. Bank mediated
c. Credit card company mediated
d. Cashier mediated

Correct Answer: a
 NPTEL Online Certification Courses
Indian Institute of Technology Kharagpur

Explanation: Refer to slide 22

 NPTEL Online Certification Courses
Indian Institute of Technology Kharagpur

QUESTION 8:

A typical wallet software will not have which of the following information

a. Credit card numbers

b. Electronic cash,
c. Owner identification and contact information
d. Bank authorization letter

Correct Answer: d

Explanation: Refer to slide 19

QUESTION 9:

Which of the following is not true for Anonymous Electronic Money

a. Serial number created by the customer

b. Uses a cryptographic operation capped Blinding
c. Not Signed by the bank
d. All of the above are true

Correct Answer: c

Detailed Solution:

Explanation: Refer to slide 21

QUESTION 10:

Which of the following is a concern for cloud computing.

a. Software Cost
b. Storage cost
c. Internet connectivity
d. All of the above
 NPTEL Online Certification Courses
Indian Institute of Technology Kharagpur

Correct Answer: c

Explanation: Refer to slide 118

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