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World geography miscellaneous

  1. What does the letter ‘e’ denotes in the term ‘e - banking ’ ?
    1. Essential Banking
    2. Economic Banking
    3. Electronic Banking
    4. Expansion Banking
Correct Option: C

‘e-banking’ stands for electronic banking which involves the use of computers to carry out banking transactions such as withdrawals through cash dispensers or transfer of funds at point of sale. It is also known as online or interne banking.



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