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
Correct Answer: Cheque
Solution : The correct answer is (d) Cheque.
A cheque is not a type of digital payment method. It is a traditional paper-based instrument used for making payments. When a cheque is issued, it represents a written instruction from the account holder to their bank to pay a specific amount of money to the recipient mentioned on the cheque.
Question : Which of the following is not a type of credit card?
Option 1: Visa card
Option 2: Mastercard
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 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
Question : Payment for the Imports a good is written on ________ side of __________ account.
Option 1: Credit, current
Option 2: Credit, capital
Option 3: Debit, current
Option 4: Debit, capital
Question : Which of the following options does not constitute a national income measurement method?
Option 1: Credit method
Option 2: Product method
Option 3: Income method
Option 4: Expenditure method
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile