As we all have notices/ banks these days are giving more emphasis on "Branchless Banking". What does this really mean? [Syndicate 2010] (1) Banks will not have many branches as used to be in the good old days. Instead, the number of branches will be restricted and will conduct only a specified core business. (2) Banks will launch/operate many delivery channels like ATMs, Mobile Banking/Internet Banking etc so that people are not required to visit a branch for their usual banking needs. (3) This means banks will issue only debit or credit cards for all types of day-to- day financial transactions. Cheques/ cash payments will not be allowed.

As we all have notices/ banks these days are giving more emphasis on "

1.	As we all have notices/ banks these days are giving more emphasis on "Branchless Banking". What does this really mean? [Syndicate 2010] (1) Banks will not have many branches as used to be in the good old days. Instead, the number of branches will be restricted and will conduct only a specified core business. (2) Banks will launch/operate many delivery channels like ATMs, Mobile Banking/Internet Banking etc so that people are not required to visit a branch for their usual banking needs. (3) This means banks will issue only debit or credit cards for all types of day-to- day financial transactions. Cheques/ cash payments will not be allowed.
A.	Only (1)
B.	Only (2)
C.	Only (1) & (2)
D.	Only (2) & (3)
E.	All (1), (2) & (3)
Answer» F.

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