Internet Banking - Banking awareness questions on current affairs

1)   Which one of the following is controlled by the World Wide Web?

a. Universal banking
b. Virtual Banking
c. Wholesale Banking
d. None of these
Answer  Explanation 

ANSWER: Virtual Banking

Internet banking is known as virtual banking. It is called so because it has no bricks and boundaries.

2)   In which type of banking, electronic financial transactions are done?

a. E-Banking
b. POS Banking
c. M-Banking
d. Universal Banking
Answer  Explanation 

ANSWER: E-Banking

E-banking enable financial institution customers, individuals or businesses, to access accounts, transact business, or obtain information on financial products and services.