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Question

What is a 'Debit Card'?

A
It is a card issued by a Rating Agency.
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B
It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account
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C
It is a card which can be used for withdrawing cash or making payment if there is balance in the account.
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D
It is a card which carries prepaid balance.
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Solution

The correct option is A It is a card which can be used for withdrawing cash or making payment if there is balance in the account.
Debit card is electronic generated card that acts as plastic money at the time of buying goods and services. Debit card is used to withdraw money from your bank account either directly through ATMs in cash or at the time of doing payment for something.

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