Assertion (A): Internet banking is also referred to as virtual banking. Reason (R): Virtual banking operates through electronic networks without physical brick-and-mortar branch boundaries. Select the correct code:

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Banking · E-Banking

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Both (A) and (R) are correct, and (R) is the correct explanation of (A)

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Answer 1

(A) is correct, but (R) is incorrect

Answer 2

Both (A) and (R) are incorrect

Answer 3

Both (A) and (R) are correct, but (R) is NOT the correct explanation of (A)

Answer 4

Both (A) and (R) are correct, and (R) is the correct explanation of (A)

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