Banking General Awareness Modern Banking Question Bank Practice Questions - Digital Banking

  • question_answer
    (i) e-wallet refers to an electronic, internet based payment system which stores financial value as well as personal identity related information.
    (ii) It requires the use of a physical card for undertaking transactions/remittances.
    (iii) Such electronic payment systems enable a customer to pay online for the goods and services.
    (iv) It also transfers funds to others, by using a mobile or computer.

    A)  (i) only            

    B)  (ii) only

    C)  (i), (iii) & (iv)   

    D)  All of the above

    E)  None of these

    Correct Answer: C


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