NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Digital Payments
Internal Assignment Applicable for June 2022 Examination
Assignment Marks: 30
Instructions:
All Questions carry equal marks.
All Questions are compulsory
All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3 in not more than 500 words for each subsection. Use relevant examples,
illustrations as far as possible.
All answers to be written individually. Discussion and group work is not advisable.
Students are free to refer to any books/reference material/website/internet for
attempting their assignments, but are not allowed to copy the matter as it is from the
source of reference.
Students should write the assignment in their own words. Copying of assignments from
other students is not allowed.
Students should follow the following parameter for answering the assignment questions.
1. After the onset of current pandemic situation, most of individuals are using various
types of Digital Payment methods. Discuss the different types of Digital Payment
| For Theoretical Answer | |
| Assessment Parameter | Weightage |
| Introduction | 20% |
| Concepts and Application related to the question | 60% |
| Conclusion | 20% |
| For Numerical Answer | |
| Assessment Parameter | Weightage |
| Understanding and usage of the formula | 20% |
| Procedure / Steps | 60% |
| Correct Answer & Interpretation | 20% |
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Digital Payments
Internal Assignment Applicable for June 2022 Examination
methods (Any 5) and which method you find more suitable for usage and why (Discuss
the same by stating benefits with example). Have you or your acquaintances faced
issues while performing the transactions? What measures have you taken to make that
transaction smooth? Discuss the same with the help of an example. (10 Marks)
2. Cryptocurrencies is a currency which is secured by using cryptographic techniques.
These currencies were in news recently due to the taxes levied upon it in the Budget
announced on 1st Feb,2022. Find out how much tax has been levied upon by Indian
Government on same in the Annual Budget-2022 and what are the other measures
thought of by the Government in the same regard. Also, discuss what are the risks and
legal regulatory issues associated with these currencies and the factors one should take
care of while investing in these types of currencies. (10 Marks)
3. A blockchain is a digital ledger of transactions that is duplicated and distributed across
the entire network of computer systems on the blockchain. Banking sector is the sector
wherein one can see the potential of using this technology at wide scale. Considering
the above scenarios, discuss the following:
a. Explain the features and contracts in Blockchains and why most of the organizations are
adopting this technology? (5 Marks)
b. Discuss how Blockchains can help the Banking Sector in maintaining the databases and
providing other advanced services and facilities to its customers. (5 Marks)
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