Match the items of List-I with the items of List-II and select the correct answer : List-IList-II (i)…
A debit card recovers the amount online, debiting the cardholder's bank account immediately; a credit card provides revolving credit; an electronic purse is a stored-value…
Choose your answer
Match the items of List-I with the items of List-II and select the correct answer :
| List-I | List-II |
|---|---|
| (i) Debit card | (a) Several storage |
| (ii) Credit card | (b) Online recovery of amount |
| (iii) Electronic purse | (c) Image processing use |
| (iv) Cheque function | (d) Revolving credit |
Answer and explanation
Correct answer B
A debit card recovers the amount online, debiting the cardholder's bank account immediately; a credit card provides revolving credit; an electronic purse is a stored-value card (the 'several storage' of the list); and image processing is used in the cheque function through cheque truncation, where an electronic image replaces the physical cheque. Hence (i)-(b), (ii)-(d), (iii)-(a), (iv)-(c).
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UGC NET Commerce