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Question

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

A
Credit card
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B
Demand draft
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C
Debit card
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D
Net banking
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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.

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