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Business Studies

Trading and Settlement

The transfer ...

Question

The transfer of funds that can be done over the internet is known as ___________.

A

cash on delivery

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B

net-banking transfer

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C

cheque

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D

Ccedit card / debit card

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Solution

The correct option is B net-banking transfer
Internet banking offers a bouquet of fund transferring services i.e. funds can be transferred within our own accounts or it can be transferred to third parties. It is known as net-banking transfer that helps in minimising the risk of theft and also transactions can be done 24*7.

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Similar questions

Q. 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

Q. Rearrange the sentences (A), (B), (C), (D), (E), (F) and (G) in a proper sequence so as to form a meaningful paragraph and then answer the given questions.
(A) If the balance is insufficient to cover the debit, the difference becomes payable immediately or else a service fee is levied.
(B) Debit cards are the same as credit cards.
(C) Quite obviously, a debit card may not be the appropriate card for those who would like to have a credit.
(D) If the amount payable is overdue for a long period, the card may be cancelled.
(E) As the transactions in the debit card are debited to the account instantaneously, they are relatively less risky to banks than credit card.
(F) The only difference in this card is that the amount of dues from the cardholder for each and every transaction is debited to cash holder’s account as soon as each transaction is notified to the issuer.
(G) This has, however, an advantage in the sense that it replaces the requirement of carrying cash or cheque book, when the transactions are being carried out.

Which of the following would be the FOURTH sentence after rearrangement?

Q. Rearrange the sentences (A), (B), (C), (D), (E), (F) and (G) in a proper sequence so as to form a meaningful paragraph and then answer the given questions.
(A) If the balance is insufficient to cover the debit, the difference becomes payable immediately or else a service fee is levied.
(B) Debit cards are the same as credit cards.
(C) Quite obviously, a debit card may not be the appropriate card for those who would like to have a credit.
(D) If the amount payable is overdue for a long period, the card may be cancelled.
(E) As the transactions in the debit card are debited to the account instantaneously, they are relatively less risky to banks than credit card.
(F) The only difference in this card is that the amount of dues from the cardholder for each and every transaction is debited to cash holder’s account as soon as each transaction is notified to the issuer.
(G) This has, however, an advantage in the sense that it replaces the requirement of carrying cash or cheque book, when the transactions are being carried out.

Which of the following would be the SECOND sentence after rearrangement?

Q. Rearrange the sentences (A), (B), (C), (D), (E), (F) and (G) in a proper sequence so as to form a meaningful paragraph and then answer the given questions.
(A) If the balance is insufficient to cover the debit, the difference becomes payable immediately or else a service fee is levied.
(B) Debit cards are the same as credit cards.
(C) Quite obviously, a debit card may not be the appropriate card for those who would like to have a credit.
(D) If the amount payable is overdue for a long period, the card may be cancelled.
(E) As the transactions in the debit card are debited to the account instantaneously, they are relatively less risky to banks than credit card.
(F) The only difference in this card is that the amount of dues from the cardholder for each and every transaction is debited to cash holder’s account as soon as each transaction is notified to the issuer.
(G) This has, however, an advantage in the sense that it replaces the requirement of carrying cash or cheque book, when the transactions are being carried out.

Which of the following would be the LAST (SEVENTH) sentence after rearrangement?

Q. From a deck of cards, a person selects two cards one at a time without replacement. Find the number of ways it can be done such that the first card is spade and second card is diamond or first card is heart and second card is club.

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