E-commerce

Question 1
Which of the following is an EDI standard ?
A
ANSI X.15
B
ANSI X.14
C
ANSI X.13
D
ANSI X.12
Question 1 Explanation: 
ANSI X.12: Chartered by ANSI (the American National Standards Institute) the Accredited Standards Committee (ASC) X12 develops, maintains, interprets, publishes and promotes the proper use of Electronic Data Interchange Standards. The ASC X12 standard has become the de-facto standard of choice for US-based EDI operations.
Question 2
Which of the following is a EDI standard ?
A
ANSI X.15
B
ANSI X.14
C
ANSI X.13
D
ANSI X.12
Question 2 Explanation: 
ANSI X.12: Chartered by ANSI (the American National Standards Institute) the Accredited Standards Committee (ASC) X12 develops, maintains, interprets, publishes and promotes the proper use of Electronic Data Interchange Standards. The ASC X12 standard has become the de-facto standard of choice for US based EDI operations.
Question 3
__________ uses electronic means to transfer funds directly from one account to another rather than by cheque or cash.
A
M-Banking
B
E-Banking
C
O-Banking
D
C-Banking
Question 3 Explanation: 
E-Banking uses electronic means to transfer funds directly from one account to another rather than by cheque or cash.
E-banking (or) Online banking (or) internet banking:
It is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services.
There are 3 questions to complete.

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