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PPB Module B Unit 14

Authored by CLD HYDERABAD

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PPB Module B Unit 14
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52 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a credit card primarily used for?

Purchase of goods
Cash withdrawals
Booking flights
Paying taxes
None of the above

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How many parties are typically involved in credit card transactions?

2
3
4
5
6

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Who are the cardholders in a credit card transaction?

Customers
Card issuers
Merchants
Merchant acquirers
Credit card associations

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What do credit card associations provide for their members?

Licensing to issue credit cards
Processing credit card transactions
Settlement services
All of the above
None of the above

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the benefit of credit cards to cardholders?

Interest-free credit period
Cash withdrawals through ATMs
Proof of purchase
All of the above
None of the above

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How do credit cards benefit merchant establishments?

Increased sales due to purchasing power
Advertising and promotional support
Assured and immediate settlement
All of the above
None of the above

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What does the scope and potential of credit card business offer to banks?

Better profitability
Establishment of banking relationships
Additional facilities for existing clients
All of the above
None of the above

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