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Net banking is also known as _____________.
Question



Net banking is also known as _____________.

A.

e-transfer

B.

e-banking

C.

e-commerce

D.

e-process

Correct option is B


· e-banking: e-banking, or electronic banking, is the practice of conducting banking transactions via the internet. This includes activities like transferring funds, paying bills, checking account balances, and applying for financial products. The term encompasses the entire range of online banking services provided by financial institutions.
· e-transfer: While e-transfer refers to electronic fund transfers, typically between banks or within accounts, it is not a term synonymous with the overall concept of online banking.
· e-commerce: e-commerce refers to buying and selling goods and services online. It is not directly related to banking, although payment for goods and services may occur through net banking as a payment method.
· e-process: e-process is not a widely recognized term in the context of online banking or financial services.

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