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Cost accounting and financial management

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(Querist)
11 November 2013 Recently in nov 2013 exams of IPCC paper 3 : cost accounting and financial management, there was a theory question asked as :
What is Virtual Banking? State its advantages.
Plz help me out with the concept/meaning of Virtual Banking and its advantages.
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Ajay Mishra

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Ajay Mishra (Expert)
11 November 2013 Virtual banking is called as internet banking system.

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