Find the best tutors and institutes for Class 12 Tuition

Find Best Class 12 Tuition

Please select a Category.

Please select a Locality.

No matching category found.

No matching Locality found.

Outside India?

Search for topics

Elaborate the steps involved in on-line trading.

Asked by Last Modified  

CBSE/Class 11/Commerce/Business Studies Tuition/Class XI-XII Tuition (PUC)

Follow 6
Answer

6 Answers

Please enter your answer

Teacher

(1) Registration (2)placing an order (3)payment mechanism(4)digital cash
Comments

Training Centre

The following steps are involved in online trading: 1. Registration: For doing online trading one has to create account with one of the trading service provider. For this user has to register with the provider. This process includes providing personal information, address details. User has to create... read more

The following steps are involved in online trading:

1. Registration: For doing online trading one has to create account with one of the trading service provider. For this user has to register with the provider. This process includes providing personal information, address details. User has to create his credentials (user name and password) to login into account for doing online trading. Credentials secure the account from unauthorized access and transactions from user's account.

2. Placing an Order: Once logged in user can select the desired items and add them into shopping card. Shopping cart maintains records of all items which user wich to purchase. Shopping cart shows following information:

a. Product description (make, model, brand, quantity)

b. Price per item

c. Applicable taxes

d. Any available discount

e. Final cart value It also provide option to remove any item or increase the quantity. When user to checkout i.e. final payment for the selected items, user can make the payment using one of the option:

a. Cash on Delivery.

b. Cheque.

c. Net-banking Transfer.

d. Credit or debit card.

e. Digital cash.

f. Digital Wallet.

read less
Comments

Training Centre

First step: Person should open bank account then open dmat account with bank or other financial company which should be linked with bank account. After opening of Dmat account trading can be done online but person must have knowledge of share market.
Comments

Tutor

Steps involved in online trading are: 1. Registration: Before online shopping, one has to register with the online vendor by filling up a registration form. Registration means that you have an 'account with the online vendor. Among various details that need to be filled in is a "password" as the sections... read more

Steps involved in online trading are:
1. Registration: Before online shopping, one has to register with the online vendor by filling up a registration form. Registration means that you have an 'account with the online vendor. Among various details that need to be filled in is a "password" as the sections relating to your 'account7' and 'shopping cart' are password protected otherwise, anyone can, log in using your name and shop in your name. This can put you in trouble.
2. Placing an order: You can pick and drop the items in the shopping cart. The shopping cart is an online record of what you have picked up while browsing the online store. Just as in a physical store you can put in and take items out of your cart, likewise, you can do so even while shopping online. After being sure of what you want to buy, you can 'checkout' and choose your payment options.
3. Payment Mechanism: Payment for the purchases through online shopping may be done in a number of ways:
(i) Cash on delivery (COD),
(ii) Cheque.
(iii) Net banking transfer.
(iv) Credit cards.
(v) Debit cards.
4. Digital cash: Digital cash is a type of electronic currency which is found only in cyberspace. It has no physical real properties but still can be used as a real currency in an electronic format. The amount equal to the digital cash which the buyer wants to get issued in his favor is deposited by him in the bank dealing with digital cash through cheque, drafts, etc. The bank sends a special software to the buyer. Hence, while making online purchases, the buyer can make the payment by drawing digital cash from his account with the bank.

read less
Comments

Expert Coach

Steps involved in online trading are:1.Registration: Before online shopping, one has to register with the online vendor by filling up a registration form. Registration means that you have an 'account' with the online vendor. Among various details that needs to be filled in is a 'password' as the sections... read more

Steps involved in online trading are:
1.Registration: Before online shopping, one has to register with the online vendor by filling up a registration form. Registration means that you have an 'account' with the online vendor. Among various details that needs to be filled in is a 'password' as the sections relating to your 'account' and 'shopping cart' are password protected otherwise, anyone can, log in using your name and shop in your name. This can put you in trouble.
2. Placing an order: You can pick and drop the items in the shopping cart. The shopping cart is an online record of what you have picked up while browsing the online store. Just as in a physical store you can put in and take items out of your cart, likewise, you can do so even while shopping online. After being sure of what you want to buy, you can 'checkout' and choose your payment options.
3. Payment Mechanism: Payment for the purchases through online shopping may be done in a number of ways:
(i) Cash on delivery (COD),
(ii) Cheque.
(iii) Net banking transfer.
(iv) Credit cards.
(v) Debit cards.
4. Digital cash: Digital cash is a type of electronic currency which is found only in cyberspace. It has no physical real properties but still can be used as a real currency in an electronic format. The amount equal to the digital cash which the buyer wants to get issued in his favor is deposited by him in the bank dealing with digital cash through cheque, drafts, etc. The bank sends a special software to the buyer. Hence, while making online purchases, the buyer can make the payment by drawing digital cash from his account with the bank.

read less
Comments

Accounts Tutor

Steps involved in on-line trading: Step 1: Sign up for account: For conducting the online trading, every customer has to fill the know you customer form (KYC) with Online trading portal. KYC form will collect the information like Name, address, contact number and contact email address. Example for Online... read more

Steps involved in on-line trading:

Step 1: Sign up for account: For conducting the online trading, every customer has to fill the know you customer form (KYC) with Online trading portal. KYC form will collect the information like Name, address, contact number and contact email address. Example for Online trading portal: Amazon, Flipkart, Snapdeal.

Step 2: Selection of product & add to cart: In this step, customer can pick the product as required and add the same to shopping cart.

Step 3: Placing of Order: On completion of adding the product to shopping cart; customer can place the order with the online vendor.

Step 4: Payment and delivery: Once the order is placed, online portal will ask the customer regarding the payment type. There will be option available for payment Net banking, Credit card, Debit card, and Cash on Delivery. Customer can use the option as they wish.

read less
Comments

View 4 more Answers

Related Lessons

Different types/kinds of banks in India - Class 11
Different Types of Banks- 1. Central Bank- The central bank is the apex bank in banking structure of any country. The Central Bank controls the flow of currency in the economy. It regulates the other...

Rajiv Vadera | 31/08/2018

0 0
0

Profession and its features - Type of Economic Activities, NCERT Business Studies
CBSE Class 11th, OC/OCM - State Board, ICSE/ISC - Commercial Studies, IGCSE/GCSE - Economics

Rajiv Vadera | 28/08/2018

0 0
0

E-Commerce-- a short note!!
Electronic commerce is an emerging model of new selling and merchandising tools in which buyers are able to participate in all phases of a purchase decision, while stepping through those processes electronically...
K

Kousiki Chakraborty | 20/07/2018

1 0
0

Recommended Articles

Class 12 board exam is a milestone in the journey of education. If we compare class 10th and 12th, the complexity level is much higher in 12th. Scoring good marks in the 12th board will not only raise your self-confidence but, help you get through some of the top colleges in the country. With an aim to help students tackle...

Read full article >

At some point of time in life, every student will face the real world of business. So, getting familiar with it at the earliest will help them to understand the skills that are needed in a business. Business Studies is a core paper in Commerce Stream. This subject will help students to get a stronghold of the business...

Read full article >

If the internet has made it s way to all aspects of human life, no far stands classrooms from it. The boons of internet have entered the classrooms in the form of devices and this penetration of technology in the academic system is termed as e-learning. E-learning is a kind of teaching where computers with internet connection...

Read full article >

School, college, university or an open entrance exam, certain rules stands the same for any occasion. Doing mistake in these basic rules related to exams is foolish and simply impacts the examinee s performance. To help students score good and make any exam experience a memorable one, here is a list of six tips to follow....

Read full article >

Looking for Class 12 Tuition ?

Find best Class 12 Tuition in your locality on UrbanPro.

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you

Find Best Class 12 Tuition ?

Find Now »

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 25 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 6.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more