How ICT is used

What is the full form of ATM?

• Automated Teller Machines

• Aromatic Teller Machines

• Automated Transfer Machines

• Automated Talking Machines

Which of the following is a cool feature of ATM?

• Searching the bank database

• Checking account balance

• Bridge and building design

• Production line control

One advantage of using ATM is ___________

• Reduce Paper Work

• Reduce Human Error

• Greater accuracy and precision

• Reduced waiting time

What is the full form of EFT?

• External Funds Transfer

• Entertainment Fund Transfers

• Electronic Funds Transfer

• Electronic Facility Transfers

Which of the following is not a characteristic or use of EFT?

• Transfer of funds between bank accounts electronically

• Utilized for bill payments, salary deposits, and online purchases

• Obtain a summary of recent transactions

• Utilizes NFC in contactless payments

which of the following is a disadvantage of using Credit Card /Debit Card

• not widely accepted

• more risk of fraud

• Slow processing time

• You can overspend

Which of the the following is not done in the process of EFT

• The data is read from the chip

• The customer is asked to enter their PIN

• The card is checked if it is valid

• An authorization code is sent to the business

Online access to banking services via a secure website or app

• Electronic Funds Transfer (EFT)

• Automatic Teller Machines (ATM)

• Credit/Debit Card

• Online Banking

Which of the following has a limited service compared to a bank

• Cheques

• Online Banking

• Electronic Funds Transfer

• Automatic Teller Machines

What does NFC stands for

• Network File Control
• Near Field Communication
• New Found Connection
• National Football Championship