Multiple choice technology mainframe

What are Bank cards & Retails Cards?

  1. Bank cards are issued to big organizations and corporations’ .Retails cards are issued to employees for travel and entertainment.

  2. Bank cards are means of obtaining short term loan for a purchase. Retail cards are financial instruments with some stored value.

  3. Bank Cards are issued by the banks eg: ICICI Credit Cards. Retail cards are issued by the Non-banks or private shopping malls eg: Private label cards

  4. Bank Cards and Retails cards are issued by the banks eg: ICICI Credit Cards
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Bank cards are issued by financial institutions like ICICI, HDFC, Axis etc. Retail cards (private label cards) are issued by non-bank entities like shopping malls, retail chains, or specific brands for use at their locations. Option A incorrectly describes corporate cards, B mischaracterizes both card types, and D wrongly states retail cards come from banks.

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