1. What is PayPal?
a) A social media platform
b) A digital payment platform
c) An e-commerce website
d) A video streaming service
Answer: b) A digital payment platform
2. When was PayPal founded?
a) 1996
b) 1998
c) 2000
d) 2002
Answer: b) 1998
3. Who are the founders of PayPal?
a) Elon Musk and Peter Thiel
b) Jeff Bezos and Steve Jobs
c) Bill Gates and Larry Page
d) Elon Musk and Jeff Bezos
Answer: a) Elon Musk and Peter Thiel
4. Which company acquired PayPal in 2002?
a) Google
b) Microsoft
c) eBay
d) Amazon
Answer: c) eBay
5. What is the primary function of PayPal?
a) Social networking
b) Online shopping
c) Digital payments
d) Entertainment streaming
Answer: c) Digital payments
6. How does PayPal make money?
a) By charging transaction fees
b) By displaying advertisements
c) By selling user data
d) All of the above
Answer: a) By charging transaction fees
7. Which of the following is NOT a feature of PayPal?
a) Sending money to friends and family
b) Shopping online
c) Ordering food delivery
d) Accepting payments for businesses
Answer: c) Ordering food delivery
8. What type of account do users need to send money through PayPal?
a) Personal account
b) Business account
c) Premium account
d) All of the above
Answer: d) All of the above
9. Which currency is commonly used on PayPal?
a) USD (United States Dollar)
b) EUR (Euro)
c) GBP (British Pound)
d) All of the above
Answer: d) All of the above
10. What is the maximum limit for sending money through PayPal?
a) No limit
b) $500
c) $1,000
d) $10,000
Answer: a) No limit
11. Which of the following is NOT a method of funding a PayPal account?
a) Credit card
b) Bank transfer
c) Cash deposit
d) PayPal balance
Answer: c) Cash deposit
12. What is the PayPal.me feature used for?
a) Creating personalized payment links
b) Sending money to friends
c) Shopping online
d) Withdrawing funds to a bank account
Answer: a) Creating personalized payment links
13. Which of the following statements about PayPal’s Buyer Protection policy is true?
a) It only applies to transactions within the same country
b) It covers all eligible purchases made with PayPal
c) It has a duration of 30 days from the date of purchase
d) It excludes purchases from eBay
Answer: b) It covers all eligible purchases made with PayPal
14. What is the PayPal Credit feature?
a) A line of credit provided by PayPal
b) A cashback reward program
c) A savings account
d) A referral program
Answer: a) A line of credit provided by PayPal
15. What is the PayPal Here feature used for?
a) Online payments
b) In-store payments using a mobile card reader
c) International money transfers
d) Paying bills
Answer: b) In-store payments using a mobile card reader
16. What is the PayPal Prepaid Mastercard?
a) A virtual credit card
b) A physical card linked to a PayPal account
c) A rewards credit card
d) An investment account
Answer: b) A physical card linked to a PayPal account
17. Which of the following is NOT a competitor of PayPal?
a) Venmo
b) Google Pay
c) Cash App
d) Netflix
Answer: d) Netflix
18. What is the PayPal Business account used for?
a) Personal transactions
b) Business transactions and receiving payments
c) Sending money to friends and family
d) Shopping online
Answer: b) Business transactions and receiving payments
19. How does PayPal ensure the security of transactions?
a) Encryption and fraud detection measures
b) Biometric authentication
c) Multi-factor authentication
d) All of the above
Answer: d) All of the above
20. What is the PayPal app used for?
a) Sending and receiving money
b) Shopping online
c) Managing account settings
d) All of the above
Answer: d) All of the above
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