BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Only I
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Only II
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Only III
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Both II and III
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Detailed explanation-1: -Option d) credit card and debit card. Premium Cards, Smart Cards, Charged Cards, and ATM cards are also considered as plastic money.
Detailed explanation-2: -Credit card is also known as plastic money.
Detailed explanation-3: -Debit card is a plastic bank card used for payment for cash of goods and services available in your account, and withdraw cash from ATMs and cash desks.
Detailed explanation-4: -Credit and Debit cards are known as Plastic money. Because they are not real money. Demand drafts are used for sending money in form of cheque but not a cheque.
Detailed explanation-5: -Credit cards are the most common type of plastic money. They are issued by banks and can be used to make purchases anywhere in the world. Debit cards are linked to your bank account and can be used to withdraw cash or make purchases. Prepaid cards are like debit cards but are not linked to a bank account.