IOB LBO Practice Questions - Indian Overseas Bank Local Bank Officer (LBO) Online Examination Exam

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According to the passage, what is the primary factor that makes rural populations highly vulnerable to digital financial scams?

A lack of interest in using digital banking applications. Their remote geographical location and distance from physical bank branches. Their limited digital literacy and understanding of secure practices. The complete absence of customer liability protections by banks.

Correct Answer:

Their limited digital literacy and understanding of secure practices.

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