Question : Which of the following is not a type of credit card?
Option 1: Debit card
Option 2: MasterCard
Option 3: Visa card
Option 4: American Express card
Correct Answer: Debit card
Solution : The correct answer is (a) Debit card.
A debit card is not a type of credit card. It is a payment card that allows the cardholder to make transactions by directly accessing the funds available in their bank account. When a debit card is used, the amount of the transaction is immediately deducted from the cardholder's bank account balance.
Option 1: Visa card
Option 2: Mastercard
Option 3: Debit card
Option 1: Visa
Option 3: American Express
Option 4: None of the above
Question : Which of the following is not a type of digital payment method?
Option 1: Credit card
Option 2: Debit card
Option 3: Mobile wallet
Option 4: Cheque
Question : The balances of partner's current account are:
Option 1: Debit
Option 2: Credit
Option 3: Always credit
Option 4: either debit or credit
Question : Which of the following is not a type of financial instrument used in international trade?
Option 1: Letters of credit
Option 2: Bills of exchange
Option 3: Credit default swaps
Option 4: Bank guarantees
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