BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ATM
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credit
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debit
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stored value
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Detailed explanation-1: -At your bank: You can ask your teller for a cash advance by using your credit card. At an ATM: You can insert your card, enter your PIN and receive your cash. With a check: If you’ve been given checks by your credit card issuer, you can fill one out, naming yourself as the payee.
Detailed explanation-2: -Credit cards are better than loans for regular spending and borrowing smaller amounts. They are also a good option if you’re unsure how much money you need to borrow, or you need flexibility regarding repaying the debt.
Detailed explanation-3: -There is no documentation required for any Loan against Credit Card. The loan amount is disbursed instantly into your account. You can even ask for the funds to be issued as a demand draft. Your EMIs are billed as part of your monthly Credit Card statement.