Which of the following financial means is referred to as plastic money?

The correct answer is Credit card.

Key Points

• A credit card is a thin rectangular piece of plastic issued by financial services companies, that allows cardholders to do different forms of money transactions. 
• A credit card is referred to as plastic money.
• The basic purpose of credit cards is to facilitate people easily and quickly in the case of cash/money transactions.
• Spending through plastic money is now becoming a much-preferred mode of payment for retail products in India.
• Plastic Money in the form of cards has been actively introduced by banks in India in the 1990s.
• A debit card is also another form of plastic money.
• Plastic money can reduce the need to carry cash,
• It can be used easily for making online payments, transfer of funds, and various other transactions.

Additional Information 

• The Aadhaar is a 12-digit unique number issued by the Unique Identification Authority of India.
• A Permanent Account Number(PAN) is a ten-character alphanumeric identifier, issued by the Indian Income Tax Department.
• Currency note was first introduced in India by the British,