Solved MCQ on E-Commerce and E-Banking Set-1

Here are the collection of solved MCQ on E-Commerce and E-Banking which includes multiple choice questions on fundamentals of E-Commerce and E-Banking. It includes solved MCQ on definition and classification of E-Commerce with their examples, types of Business to Business e-commerce and the benefits of E-marketing.

1. The term e-commerce includes ……………………….
A) Electronic trading of Physical goods and intangibles such as information.
B) The electronic provision of services such as after sales support or online legal advice
C) All the steps involved in trade, such as on-line marketing ordering payment and support for delivery.
D) All of the above.

2. Which of the following is the largest community in classification of e-commerce?
A) Business to Business (B to B)
B) Business to Consumer (B to C)
C) Business to Government (B to G)
D) Government to Government (G to G)

3. Which of the following is not the example of business to consumer (B to C) e-commerce?
A) Amazon.com
B) e-bay.com
C) dell.com
D) lastminute.com

4. The types of Business to Business e-commerce are …………….
A) Direct selling and support to Business
B) Industry portals
C) Information sites about a industry
D) All of the above

5. Which of the following are the benefits of E-marketing?
i) Speed                                ii) Reach and Penetration
iii) Ease and Efficiency           iv) Low Cost
v) Targeted audience
A) i, ii, iii and iv only
B) ii, iii, iv and v only
C) i, iii, iv and v only
D) All i, ii, iii, iv and v

Read Also: Top 100 Interview Questions on E-Commerce

6. …………………. is the process of recreating a design by analyzing a final product.
A) Forward Engineering
B) Reverse Engineering
C) Backward Engineering
D) None of the above

7. ……………… is simply the use of electronic means to transfer funds directly from one account to another, rather than by cheque or cash.
A) M-Banking
B) O-Banking
C) E-Banking
D) D-Banking

8. The telephone banking service includes ……………….
i) Automatic balance voice out   ii) Inquiry all term deposit account
iii) Direct cash withdraw           iv) Utility Bill payments
v) Voice out last five transactions
A) i, ii, iii and v only
B) i, ii, iv and v only
C) ii, iii, iv and v only
D) All i, ii, iii, iv and v

9. Which of the following are the forms of E-banking?
i) Internet Banking                      ii) Telephone Banking
iii) Electronic Check conversion   iv) Electronic Bill Payment
v) Direct Deposit
A) i, ii, iii and iv only
B) ii, iii, iv and v only
C) i, iii, iv and v only
D) All i, ii, iii, iv and v

10. What is the full form of SWIFT?
A) Society for Worldwide Internet Financial Telecommunications.
B) Secret Wide Interbank Financial Telecommunications
C) Society for Worldwide Interbank Financial Telecommunications
D) None of the Above

Answers:

1.  D) All of the above
2.  A) Business to Business (B to B)
3.  B) e-bay.com
4.  D) All of the above
5.  D) All i, ii, iii, iv and v
6.  B) Reverse Engineering
7.  C) E-Banking
8.  B) i, ii, iv and v only
9.  D) All i, ii, iii, iv and v
10.C) Society for Worldwide Inter-bank Financial Telecommunications

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