PCIP Exam Practice Questions 100% Correct
Answers Verified Latest 2024 Version
1. Which of the below functions is associated with Acquirers?
A. Provide settlement services to a merchant
B. Provide authorization services to a merchant
C. Provide clearing services to a merchant
D. All of the optionsANSWERS Correct AnswerANSWERS D
2. Which of the following entities will actually approve a purchase?
A. Non-Issuing Merchant Bank
B. Issuing Bank
C. Payment Transaction Gateway
D. Acquiring BankANSWERS Correct AnswerANSWERS B
3. Which of the following lists the correct "order" for the flow of a payment card
transaction?
A. Clearing, Settlement, Authorization
B. Clearing, Authorization, Settlement
C. Authorization, Clearing, Settlement
D. Authorization, Settlement, ClearingANSWERS Correct AnswerANSWERS C
4. Service Providers include companies which or
could the security of cardholder
Data.
A. Are PCI compliant, prove effective controls for
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, B. Control, impact
C. Manage, test
D. Control, subrogateANSWERS Correct AnswerANSWERS B
5. QUESTION 16
Cardholder Data may be stored in "KNOWN" and "UNKNOWN" locations.
A. True
B. FalseANSWERS Correct AnswerANSWERS A
6. Storing Track Data "Long-Term" or "persistently" may be permitted
if .
A. It is being stored by issuers
B. It is reported to the PCI SSC annually in a roc
C. It is encrypted by the merchant storing it
D. It is hashed by the merchant storing itANSWERS Correct AnswerANSWERS A
7. PCI DSS Requirement 3.4 states the PAN must be rendered unreadable when
stored, using .
A. Encryption, Truncation, or Obfuscating
B. Hashing, Scrambling, or Encrypting
C. Encryption, Hashing, or Truncation
D. Truncation, Scrambling, or EncryptingANSWERS Correct AnswerANSWERS C
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Answers Verified Latest 2024 Version
1. Which of the below functions is associated with Acquirers?
A. Provide settlement services to a merchant
B. Provide authorization services to a merchant
C. Provide clearing services to a merchant
D. All of the optionsANSWERS Correct AnswerANSWERS D
2. Which of the following entities will actually approve a purchase?
A. Non-Issuing Merchant Bank
B. Issuing Bank
C. Payment Transaction Gateway
D. Acquiring BankANSWERS Correct AnswerANSWERS B
3. Which of the following lists the correct "order" for the flow of a payment card
transaction?
A. Clearing, Settlement, Authorization
B. Clearing, Authorization, Settlement
C. Authorization, Clearing, Settlement
D. Authorization, Settlement, ClearingANSWERS Correct AnswerANSWERS C
4. Service Providers include companies which or
could the security of cardholder
Data.
A. Are PCI compliant, prove effective controls for
1/9
, B. Control, impact
C. Manage, test
D. Control, subrogateANSWERS Correct AnswerANSWERS B
5. QUESTION 16
Cardholder Data may be stored in "KNOWN" and "UNKNOWN" locations.
A. True
B. FalseANSWERS Correct AnswerANSWERS A
6. Storing Track Data "Long-Term" or "persistently" may be permitted
if .
A. It is being stored by issuers
B. It is reported to the PCI SSC annually in a roc
C. It is encrypted by the merchant storing it
D. It is hashed by the merchant storing itANSWERS Correct AnswerANSWERS A
7. PCI DSS Requirement 3.4 states the PAN must be rendered unreadable when
stored, using .
A. Encryption, Truncation, or Obfuscating
B. Hashing, Scrambling, or Encrypting
C. Encryption, Hashing, or Truncation
D. Truncation, Scrambling, or EncryptingANSWERS Correct AnswerANSWERS C
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