WBCS.LIVE practice question

Which of the following statements about internet banking is false?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. You can transfer funds to other accounts via NEFT or RTGS.
  2. Internet banking allows online fixed deposit creation.
  3. You can pay utility bills through internet banking.
  4. Internet banking requires a physical token for every transaction.

Correct answer and explanation

Correct answer: Internet banking requires a physical token for every transaction.