Economics · Banking Transactions
What is a key characteristic of non-cash (transfer) transactions within a commercial bank?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Non-cash transactions involve direct physical cash deposits into the customer's account
- 2The transaction involves internal accounts of the bank, or a transfer between the accounts of two distinct customers within the bank✓
- 3Only one account is affected, typically the customer's savings account
- 4Both accounts involved in the transaction are external accounts situated outside the bank
Correct answer
The transaction involves internal accounts of the bank, or a transfer between the accounts of two distinct customers within the bank
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking Transactions MCQs →Want more practice questions on Banking Transactions?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Banking Transactions