(1) Banks will not have many branches as used to be in the good old days. Instead, the number of branches will be restricted and will conduct only a specified core business. |
(2) Banks will launch/operate many delivery channels like ATMs, Mobile Banking/Internet Banking etc so that people are not required to visit a branch for their usual banking needs. |
(3) This means banks will issue only debit or credit cards for all types of day-to- day financial transactions. Cheques/ cash payments will not be allowed. |
A) Only (1)
B) Only (2)
C) Only (1) & (2)
D) Only (2) & (3)
E) All (1), (2) & (3)
Correct Answer: E
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