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Bank of Baroda has started a new Fastag service for vehicles passing through an Electronic Toll Collection system and collecting toll automatically by scanning a QR code located on the windshield. The technology used by the Bank of Baroda is?

1. RTGs
2. RFID
3. SWIFT
4. NEFT

Correct answer: RFID

Solution

FASTag uses RFID technology for automatic toll collection. The tag on the windshield is read by scanners at toll plazas without manual payment.

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