Question : Which of the following is not a type of credit card?
Option 1: Visa
Option 2: Mastercard
Option 3: American Express
Option 4: None of the above
Correct Answer: None of the above
Solution : The correct answer is (d) None of the above
Visa, Mastercard, and American Express are all well-known types of credit cards. However, there are other credit card brands available in addition to these three, such as Discover, Diners Club, and JCB (Japan Credit Bureau), among others. So, the correct answer is "None of the above."
Option 1: Visa card
Option 3: Debit card
Option 4: American Express card
Option 1: Debit card
Option 2: MasterCard
Option 3: Visa card
Question : Which of the following is not a type of demand deposit account?
Option 1: Savings account
Option 2: Current account
Option 3: Fixed deposit account
Question : Which of the following is not a type of credit facility provided by banks?
Option 1: Overdraft facility
Option 2: Term loan facility
Option 3: Lease facility
Option 4: Cash credit facility
Question : Which of the following is a feature of a credit card?
Option 1: High interest rate
Option 2: No credit limit
Option 3: No annual fee
Option 4: No penalty for late payment
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