Economics · Digital Banking
Which of the following statements is correct regarding the digitization of banking services?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Internet banking is a completely unregulated, app-based financial facility.
- 2The Unified Payments Interface (UPI) is a highly complex, slow, and multi-layered ecosystem for users.
- 3Mobile banking is completely independent and has no technological relationship with internet banking frameworks.
- 4Internet banking has significantly improved the speed, accuracy, and flexibility of financial transactions.✓
Correct answer
Internet banking has significantly improved the speed, accuracy, and flexibility of financial transactions.
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 Digital Banking MCQs →Want more practice questions on Digital Banking?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Digital Banking