Question

Select the proper option from the options given below and rewrite the completed sentence:

An electronic facility of transferring funds through the internet is _______ transfer.
(a) cash
(b) net banking
(c) credit

Answer 1

Correct option - b
An electronic facility of transferring funds through the internet is net banking transfer.
Explanation:
Net banking permits the customers to carry banking transactions on the internet. Under net banking, there is no physical movement; instead, money is transferred from one account to another through the internet.