Which of the following are the advantages of Mobile Banking? A. Insecure B. Fraud reduction C. Time…
Key advantages of Mobile Banking for customers and banks include enhanced security features and real-time alerts leading to fraud reduction (B), 24×7 convenience and time…
Choose your answer
Which of the following are the advantages of Mobile Banking?
A. Insecure
B. Fraud reduction
C. Time saving
D. Separate internet required
E. Increased efficiency Choose the most appropriate answer from the options given below:
Answer and explanation
Correct answer A
Key advantages of Mobile Banking for customers and banks include enhanced security features and real-time alerts leading to fraud reduction (B), 24×7 convenience and time saving (C), and increased operational efficiency and lower transaction costs (E). 'Insecure' (A) and 'Separate internet required' (D) are disadvantages/limitations rather than advantages.
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UGC NET Commerce