CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following does not come under modern banking facilities?

A
Credit card
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Demand draft
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Debit card
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Net banking
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B Demand draft
The third phase in the evolution of the banking system in India was marked by the coupling of technology with banking services. This included the advent of various services such as credit cards, debit cards, net banking, mobile banking and telebanking. These facilities help us access banking facilities at ease from far away places.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Forming Squares
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon