tangible and physical components like car, IV etc.
2. What is e-banking? What are the advantages of e-banking?
- Write a note on various telecom services available for enhang
Explain briefly the principles of insurance with suitable exam
nswer Questions
What are services? Explain their distinct characteristics.
Write a detailed note on various facilities offered by Indian
escribe various types of insurance and examine the nature
Answers
Answer:
e-banking:
a method of banking in which the customer conducts transactions electronically via the Internet. Online banking, also known as internet banking or web banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website.
advantages:
Offers convenience to customers since they are not required to go to the bank's facilities. There is a very low incidence of errors. The customer can obtain funds at any time from ATMs. Credit cards and debit cards allow customers to get discounts at points of sale.
services:
In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer. The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange.
characteristics:
Lack of ownership.
Intangibility.
Inseparability.
Variability.
Perishability.
User participation.
Explanation:
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