International Commerce Olympiad

1. Transactions between production, purchase, finance and marketing

departments of a firm represent:

(a) B to C commerce (b) B to B commerce

Ans: (d) Intra-firm B commerce

2. Plastic Money denotes:

(a) Coins made of plastic (b) Currency notes made of plastic

Ans: (c) Debit and Credit cards

3. If you want to sell your used video camera, which type of e-commerce would be suitable?

(a) B to C commerce (b) B to B commerce

Ans: (c) C to C commerce

4. Which of the following is a correct difference between Traditional business and e-business:

(a) Traditional business is easy to form whereas formation of e-business is

difficult.

(b) Opportunity for personal touch is much more in traditional business than

e-business.

(d) Operating Cost in traditional business is low as compared to e-business.

Ans: (b) Opportunity for personal touch is much more in traditional business than

5. Business firms should work on their core competencies and outsource the rest of the work. Which point regarding need for outsourcing does this statement illustrate:

(a) Focusing of attention (b) Quest for excellence

Ans: (a) Focusing of attention

6. Which of the following is not an application of e-business?

(a) e-bidding

(b) Research and Development outsourcing

(d) e-filing of tax returns

Ans: (b) Research and Development outsourcing

7. This is not a benefit of e-Business:

(a) Convenience (b) Low personal touch

Ans: (b) Low personal touch

8. Raahat a student of B. Com used net banking account to make a payment for a pen drive purchased online is an example of:

(a) B to B commerce (b) C to C commerce

Ans: (c) B to C commerce

9. Which of the following is the most powerful argument in favour of Business Process Outsourcing?

(a) To reduce manpower to be managed

(b) To reduce costs

(d) To concentrate on core competence

Ans: (d) To concentrate on core competence

10. Rita ordered a book through a popular online shopping site. Which is the most convenient method for her to pay for it if she does not have any bank account?

(a) Credit card or Debit card (b) Cheque

Ans: (d) Cash on Delivery

11. A large multinational company out sources its services related to shareholders, which of the following restricts the outsourcing?

(a) Focusing of Attention (b) Confidentiality

Ans: (b) Confidentiality

12. Which of the following is an example of Knowledge Process Outsourcing (KPO) work?

(a) Book Keeping and Financial services

(b) Data Entry

(d) Call Centre

Ans: (c) Accounting, Marketing and Legal research

13. Which of the following work can be done using a smart card not useable as ATM card?

(a) Travelling by Delhi Metro (b) Savings account balance enquiry

Ans: (a) Travelling by Delhi Metro

14. Which of the following tasks cannot be done with the help of ATM Card?

(a) Opening a new account (b) Cash withdrawal

Ans: (a) Opening a new account

15. Which of the following is not a limitation of e-business?

(a) Low personal touch (b) Paperless society

Ans: (b) Paperless society

16. Which of the following statement is true about KPO?

(a) It involves outsourcing of routine jobs such as courier services

(b) It does not require much knowledge

(d) It distracts attention of the company from its work

Ans: (c) It requires lot of expertise, knowledge and application of mind

17. Amazon has collaborated with Micromax which launched new series of phones ‘YU’ and assured its customers to deliver the phones within 3 days. Identify the type of e-commerce network in this trade.

(a) B to B (b) B to C

Ans: (d) Both B to B and B to C

18. “It refers to contracting out the activities that require greater skill, knowledge, education and expertise to handle”. Which of the following concept is referred in the above statement?

(a) KPO (b) BPO

Ans: (a) KPO

19. Which of the following resources are not required for e-business?

(a) An adequate computer hardware and software

(b) Adequately designed website

(d) Fool-proof system for payment

Ans: (c) Large number of outlets

20. What is meant by a Shopping Cart?

(a) A bullock cart

(b) A record of the commodities a customer buys in a mall

(d) None of the above

Ans: (c) A record of the commodities, a customer selects for online purchase

21. Name the electronic currency that exists only in cyber space

(a) Debit and credit cards (b) Digital cash

Ans: (b) Digital cash

22. It is a wireless telecommunications device that receives and displays alphanumeric messages and/or receives and announces voice messages. Identify it.

(a) Mobile Phone (b) Satellite Service

Ans: (d) Pager

23. What is knowledge process outsourcing?

(a) Outsourcing an information/knowledge producing function

(b) Outsourcing an operational function

(d) Outsourcing the manufacturing department

Ans: (a) Outsourcing an information/knowledge producing function

24. Which of the following steps is not required by a user for withdrawing money from ATM?

(a) Inserting ATM card in the card slot

(b) Entering PIN

(d) Entering amount

Ans: (c) Entering account number

25. Which of the following telecom services can be used to provide tele- medicines, newspaper on-line, stock market rates and tele-education even in the most remote areas?

(a) VSAT Services (b) DTH Services

Ans: (a) VSAT Services

26. Tata Motors Ltd made a strategic use of outside resources to perform activities traditionally handled by internal staff and resource es”. Sometimes known also as “facilities management”, It may be done for reducing and controling operating costs, or Improve host company focus. Identify this concept.

(a) Outsourcing (b) Insurance

Ans: (a) Outsourcing

27. AEPS, UPI, Micro ATM, BHIM, Mobile Wallets, Prepaid Cards are all

examples of:

(a) RBI branches (b) Digital Payment Systems

Ans: (b) Digital Payment Systems