New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Banks have launched an app naming _____for electronic

    commerce transactions
    A Wallet Correct Answer Incorrect Answer
    B Open e wallet Correct Answer Incorrect Answer
    C E wallet Correct Answer Incorrect Answer
    D Open i wallet Correct Answer Incorrect Answer
    E Open wallet Correct Answer Incorrect Answer

    Solution

    It is a type of electronic card which is used for transactions made online through a computer or a smartphone. The utility of an e-wallet is the same as a credit or debit card. An e-wallet needs to be linked with the individual's bank account to make payments.

    Practice Next

    Relevant for Exams: