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Question

E-banking is also known as


A

ATMs

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B

Net banking

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C

Traditional banking

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D

None of these

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Solution

The correct option is B

Net banking


E‐Banking is the method by which the customer conducts transactions electronically via the internet. Some of examples of e-banking are managing deposit accounts, online fund transfers, ATMs, electronic data interchange, etc.

E‐Banking is also known as Net banking. Electronic banking has many names like e-banking, virtual banking, online banking, or internet banking.

Therefore, the correct option is (b)


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