ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cheque
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Demand Draft
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Deposit form
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ATM card
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Detailed explanation-1: -Card payments Card payments are the most widely used tool in the digital banking space. You can use a credit/ debit card to purchase goods and services online, pay utility bills, make business transactions, and so on. You can use these cards to withdraw cash from ATMs as well.
Detailed explanation-2: -UPI (Unified Payment Interface) Internet Banking. Mobile Banking. Banking Cards. Mobile Wallets.
Detailed explanation-3: -In digital banking, the Internet is key in order to open a bank account, transfer funds, set up direct debits, make remote payments, send remittances and do other bank operations without visiting a branch.
Detailed explanation-4: -Banking Cards. USSD (Unstructured Supplementary Service Data) UPI (United Payment Interface) AEPS (Aadhaar enabled Payment System) Mobile wallets. Point of Sale Machines (PoS) Mobile Banking. Internet Banking.