[amp_mcq option1=”It is related to companies producing milk products” option2=”It does not carry on its face, the brand of the issuer” option3=”It is meant to convert black money into the economy” option4=”None of the above” correct=”option4″]
The correct answer is: D. None of the above
A white card is a type of payment card that is not linked to a bank account. It is typically used for small, low-value purchases, such as vending machine snacks or public transportation fares. White cards are often issued by prepaid card companies, and they can be loaded with cash or a pre-paid balance.
White cards are not related to companies producing milk products. They are also not meant to convert black money into the economy. In fact, white cards are often used to avoid using cash, which can be used to launder money.
Here is a brief explanation of each option:
- Option A: White cards are not related to companies producing milk products. They are a type of payment card that is not linked to a bank account.
- Option B: White cards do not carry on their face, the brand of the issuer. This is because they are not issued by banks or other financial institutions.
- Option C: White cards are not meant to convert black money into the economy. In fact, they are often used to avoid using cash, which can be used to launder money.
- Option D: None of the above is true about white cards.