Financial and Legal Literacy, Module-1 - Practice Mode

1) Online banking is also called _____.

Home banking Office banking Net banking Self banking

Correct Answer: Net banking

2) What can you do with online banking?

Send money to someone Open a bank account Get details of all the transactions All of these

Correct Answer: All of these

3) Disha wants to repay her loan. How can she do it without going to the bank?

Online transfer Open bank account Close account Withdraw from ATM

Correct Answer: Online transfer

4) Indu booked her railway ticket from the website and paid using online banking. What type of transaction is it?

Cash Payment Digital transaction Cheque payment Credit

Correct Answer: Digital transaction

5) Which of the following are ways to conduct a digital transaction?

Digital Wallet UPI Payment Credit Card All of these

Correct Answer: All of these

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