CBSE · Class 11 · Business Studies · Business ServicesWhich of the following refers to e-banking?
Step-by-Step Solution
Electronic banking or e-banking refers to the provision of banking services through the internet and electronic mediums.
Detailed Options Breakdown
Option : Banking through physical branches only
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business Services.
Option 1: Banking services using internet and electronic mediums (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Exchanging foreign currency physically
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business Services.
Option 3: Issuing paper drafts by post
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business Services.
💡 Study Guide: This question tests core syllabus concepts from Business Services. For formulas, key summaries, and mock exam reference guides, read the full Business Services Revision Notes.