English

Phone Pay, Google Pay, or Paytm are examples of ______.

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Question

Phone Pay, Google Pay, or Paytm are examples of ______.

Options

  • Prepaid cards

  • NEFT

  • Digital wallets

  • RTGS

MCQ
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Solution

Phone Pay, Google Pay, or Paytm are examples of Digital wallets.

Explanation:

These apps can be used to make digital payments. Prepaid cards are loaded with funds, while NEFT and RTGS are bank-to-bank fund transfer systems.

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Chapter 4: Banking - Latest Trends - EXERCISES [Page 102]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 4 Banking - Latest Trends
EXERCISES | Q I. 26. | Page 102
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