Practice FinTech and Digital Payments - 4.6.7 | Chapter 4: Globalisation and Recent Trends in Business | ICSE Class 12 Business Studies
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4.6.7 - FinTech and Digital Payments

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does FinTech stand for?

πŸ’‘ Hint: Think about the integration of finance and technology.

Question 2

Easy

Give one example of a digital payment system.

πŸ’‘ Hint: Think about electronic money transfer apps.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What does FinTech primarily deal with?

  • Technology in sports
  • Financial technology
  • Healthcare technology

πŸ’‘ Hint: Think about the financial services industry.

Question 2

True or False: UPI allows users to make payments using only a mobile number.

  • True
  • False

πŸ’‘ Hint: Consider how you might send money instantly to someone without needing their banking info.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Evaluate how the rise of FinTech might influence traditional banks over the next decade.

πŸ’‘ Hint: Consider what you would want from a bank versus what FinTech offers.

Question 2

Propose a solution to enhance user security in digital payments while maintaining convenience.

πŸ’‘ Hint: Think about technologies you use every day that keep your data safe.

Challenge and get performance evaluation