Comprehension
Mr. Suresh made his payment by cheque. At the same time Mr. Saksham made his payment by fund transfer:
Question: 1

Whose payment is faster?

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E-business relies heavily on electronic transactions, which are faster and more efficient compared to traditional business methods.
Updated On: Sep 24, 2025
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Solution and Explanation

Payment via fund transfer is usually faster as the transaction occurs electronically in real-time, whereas cheque payments involve physical transfer and bank processing time, making them slower. Hence, Mr. Saksham's payment is faster.
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Question: 2

Whose payment is related to traditional business?

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E-business relies heavily on electronic transactions, which are faster and more efficient compared to traditional business methods.
Updated On: Sep 24, 2025
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Solution and Explanation

Cheque payment is associated with traditional business transactions where payments are made through physical instruments like cheques. In contrast, fund transfer is a modern electronic payment method.
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Question: 3

Whose payment is related to e-business?

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E-business relies heavily on electronic transactions, which are faster and more efficient compared to traditional business methods.
Updated On: Sep 24, 2025
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Solution and Explanation

Fund transfer is an electronic transaction method that is commonly used in e-business, where transactions are carried out over the internet or through electronic means. This makes Mr. Saksham's payment related to e-business.
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