As we have noticed - banks these days are giving moreemphasis on -˜Branchless Banking-™. What does this reallymean?I. Banks will not have many branches as used to be in thegood old days. Instead - the number of branches will berestricted and will conduct only a specified- corebusiness.II. Banks will launch/operate many delivery channelslike ATMs - Mobile Banking/Internet Banking - etc - so thatpeople are not required to visit a branch for their usualbanking needs.III. This means banks will issue only debit or credit cardsfor all types of day-today financial transactions.Cheques/ cash payments will not be allowed. Select thecorrect answer using the codes given below: