BCA Semester 5 – MIS and e-Business – Unit 5: E-payment systems (6Hrs)

Question 1

What is e-checking? Describe its working mechanism.

Marks: 5

Year: 2020 Final TU

1. E-Checking Definition: E-Checking is an electronic payment method in which a digital version of a traditional paper check is used to make payments over the Internet. - Funds are directly transf

Question 2

Explain cryptocurrency with its legal provisions in Nepal. How is it different from virtual currency?

Marks: 5

Year: 2021 Final TU

1. Cryptocurrency Definition: A cryptocurrency is a type of digital or virtual asset that uses cryptography and decentralized blockchain technology to secure transactions, control the creation of ne

Question 3

"The use of electronic payment systems has significantly increased in Nepal in recent years". In this context, explain the trend of cashless transaction in Nepal along with the benefits and downsides

Marks: 10

Year: 2021 Final TU

1. Trend of Cashless Transactions in Nepal - Rapid Growth of Digital Payments: Digital payment transactions (such as mobile banking, e‑wallets, and QR code payments) in Nepal have increased substa

Question 4

What is virtual currency? Explain the different types of virtual currencies popular in the market.

Marks: 5

Year: 2022 Final TU

1. Virtual Currency Definition: Virtual currency is a digital representation of value that is not issued by a central bank but can be used for transactions, payments, or online exchanges. - Unlike

Question 5

Write short notes on: a) ACH b) Cryptography and its types

Marks: 5

Year: 2024 Final TU

a) ACH (Automated Clearing House) Definition: ACH is an electronic network for financial transactions that enables batch processing of credit and debit transfers between banks. Key Points: - Use

Question 6

What is Bitcoin? Explain the advantages and disadvantages of using bitcoin for payment.

Marks: 5

Year: 2024 Final TU

1. Bitcoin Definition: Bitcoin is a decentralized digital cryptocurrency that allows peer-to-peer transactions without the need for a central authority. - Based on blockchain technology, which pro