SESSION 7: ONLINE TRANSACTIONS
Assessment:
1.Explain the purpose of Online transactions.
Answer: Online transactions have made transactions very convenient and simplified the workflow in many forms in a business. Online transactions deals with transfer of money over the internet. Benefits of online transactions are fast transaction speed, convenience, low risk of theft etc
2.List any five websites that allow online transactions.
Answer:
- IRCTC, an online portal for booking flight and train tickets.
- Flipkart, an online shopping portal for buying consumer products.
- EBay, an online portal for buying and selling goods.
- Redbus, an online portal for booking bus tickets.
- Amazon, an online shopping portal.
3.List any three payment tools to use online transactions.
Answer:
- Credit Card
- Debit Card
- Net Banking
4.Give any two benefits of online transactions.
Answer:
1.Fast transaction speed
2.Convenience
3. low risk of theft etc
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