BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Only 1
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Only 2
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Only 3
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Both 2 and 3
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Detailed explanation-1: -Detailed Solution. The correct answer is a Credit card.
Detailed explanation-2: -credit card and debit card. Option d) credit card and debit card. Premium Cards, Smart Cards, Charged Cards, and ATM cards are also considered as plastic money.
Detailed explanation-3: -Credit card are electronic generated card that acts as plastic money at the time of buying of goods and services. Credit card is used to generate credit in the name of your bank account for the purpose of electronic payment.
Detailed explanation-4: -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-5: -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.