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 1. Electronic Funds Transfer System (EFTS): This system offers convenience for customers and cost saving for financial institutions. This enables employees to transfer wages directly from the company bank account to employee's accounts.

2. Automated Tellers Machines (ATMs):
   It is a freestanding self service terminal that can do about 60% of a teller's job 24 hrs. a day at less than half the cost of a human teller. To use an ATM, we insert a plastic card into the terminal and then enter an identification code. The machine responds by cashing cheques, taking deposits.

3. Deposit card : A more complex variation of electronic banking involves the use of point of sale terminals located at merchant's checkout counters and tied electronically to a bank computer. When a store customer presents a debit card the point of sale terminal automatically transfers the money for the purchase from the customer's account to the store's account. Yet another variation enables a person to pay bills automatically by using a personal computer . hich is linked by telephone to the bank computer. When the customer types in the required information, the bank's computer transfers money from the customer's account to the billers account.

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Choice of means of transport : In order to choose a particular means of transport the following factors should be taken into consideration :

1. Cost : Water transport is the cheapest means of transport for carrying bulky goods over long distance road when time is not essential. Railway is cheaper than road transport for heavy goods and long distance movement.
For small consignments carried over short distance, transport is cheapest. Air transport is the costliest means of transport because its operational cost is too high and its capacity is limited.

2. Carrying capacity : Railways and waterways have larger carrying capacity than other means of transport. They are also cheaper when the whole wagon or vessel is booked for sending the cargo.

3. Speed : Air transport gets first ranking while waterways is the slowest means of transport. Road transport is faster than rail transport over short distance only but for long distances rail transport is faster than road transport.

4. Flexibility of Services : Water, rail and air transports are not flexible as they suffer from the problem of terminal because goods have to be carried to and from the terminal. Road transport is flexible as it covers the maximum areas of the country and is capable of providing door-to-door service. Road transport acts as a complementary service to the other modes of transport.

5. Regularity of Service : Rail transport is the most regular service as it follows regular schedules and is uninfluenced by weather conditions. Road, water and air transport are greatly influenced by weather conditions. Impact of weather on road is comparatively less as compared to airways and waterways.

6. Safety : Roads are considered as safest means of transport. Rails are less prove to accidents as compared to road vehicles. Airways and waterways are the most risky modes of transport.

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(i) Public Sector Banks: Public sector banks are those in which the govt, has a major stake. This stake of the government makes these banks emphasize on social objectives than on profitability objective. The public sector banks have dominated the Indian banking scene for over three decades since nationalization of fourteen major banks in 1969.

(ii) Private Sector Banks : These are owned, managed and controlled by private promoter. They are fee to formulate policies about their activities as per market services. Private sector banks are allowed to compete with the foreign banks.

(iii) Foreign Banks : Most of these banks in India are the subsidiaries of foreign banks. They are owned and managed by promoters. These banks have realized the potentially big market in the retail banking sector. The major foreign banks in India are Citi Bank, Bank of America, etc.

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Premature death is a financial threat because this peril cuts off income needed to support a family, pay debts, or educate children. Disability resulting from illness or accident may be an even greater peril to family because it not only takes off income but also create large medical expenses. Insurance can transfer the burden of the costs of illness or accident so that people do not have to face financial loss because of poor health. The loss from ill health stem from two separate sources : loss of income and medical expenses.

Kinds of health insurance coverage :

(a) Basic Medical Expenses : First money coverage for expenses of hospitalization and doctors' service.

(b) Major Medical Expense: Coverage for the cost of catastrophic illness.

(c) Disability income : Replaces incomes loss while the insured is unable to work.

(d) Medical supplement : Filler gaps in medicare programme of social security.

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(Imp)

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The economic system of any country is largely dependent upon the efficiency of its transport system. The significance of transport can be summed up in the following functions.

(i) Widening of Market : With the emergence of improved means of transport, goods and services can be moved from one place to another at considerably low expenses and with greast ease and speed. This stimulates to produce for local as well as foreign market and expansion of national and international trade.

(ii) Mobilisation of Resources: Transport facilitates the mobility of man, materials and money which is necessary for large scale production and for having balanced development of various regions in the country.

(iii) Regional Specialisation : Transport leads to specialisation on geographical basis. It can concentrate only on the production of those products for which it is most suited and can depend on transport to get its other requirements fulfilled from other regions and sell its surplus production to other regions.

(iv) Price Stabilisation : Transport helps in stabilising prices by facilitating movement of goods from surplus areas to deficit areas. This loads to equilisation of prices in different regions.

(v) Economies of Scale : Transport facilitates the achievement of various economies of large scale production which leads to low cost of production.

(vi) Growth of Industries : Transport helps the growth of industries producing perishable goods like fruits, vegetables and dairy products by carrying them quickly to various consumers located in different areas.

(vii) Social functions : Transport provides employment to people. It helps in stabilising prices. It assists in removing regional disparities.

(viii) Nationalism : Transport is necessary for achieving national integration. It creates a bond of unity among the people of different regions in the country. Transport is indispensable for the defence of a country.