GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Virtual Banking
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Universal banking
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Wholesale Banking
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None of these
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Detailed explanation-1: -Which one of the following is controlled by the World Wide Web? Internet banking is known as virtual banking. It is called so because it has no bricks and boundaries.
Detailed explanation-2: -The Basics. Virtual bank accounts are bank accounts that are held with an electronic money institution that doesn’t have physical branches or automatic teller machines (ATMs). Examples are Wise (formerly Transferwise) in the U.S., Monzo and Revolut in Europe and Starling Bank in the United Kingdom.
Detailed explanation-3: -It is possible to delineate the principle types of virtual banking services. These include Automated Teller Machines (ATMs), Shared ATM networks, Electronic Funds Transfer at Point of Sale (EFTPoS), Smart Cards, Stored-Value Cards, phone-banking and more recently, internet and intranet banking.
Detailed explanation-4: -Solution(By Examveda Team) E‐Banking is also known as Net banking. Electronic banking has many names like e banking, virtual banking, online banking, or internet banking.