GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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debit card
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plastic card
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identity card
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banker’s cheque
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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: -Plastic card – is a personalized payment tool that provides the ability to use your card the face of non-cash payment for goods and services, as well as withdraw cash at bank branches and ATMs.
Detailed explanation-3: -Credit card is also known as plastic money. Credit Card is a small plastic card that is issued by financial institutions such as banks.
Detailed explanation-4: -Plastic money refers to the hard plastic cards we use every day in place of actual bank notes. For example ATM cards like credit card and debit card are electronic generated card that acts as plastic money at the time of buying of goods and services.