Question : ___________ is a type of banking service that allows customers to access their bank accounts and perform transactions through the internet.
Option 1: Online banking
Option 2: Mobile banking
Option 3: Telephone banking
Option 4: ATM banking
Correct Answer: Online banking
Solution : The correct answer is (a) Online banking
Online banking is a type of banking service that allows customers to access their bank accounts and perform various financial transactions through the internet. It provides a convenient way for customers to manage their finances without the need to physically visit a bank branch.
With online banking, customers can log in to their bank's secure website or mobile app using their personal credentials, such as usernames and passwords. Once logged in, they can view their account balances, transaction history, and statements. They can also initiate transactions like fund transfers between accounts, bill payments, loan payments, and even set up recurring payments.
