In context to Credit and Debit card, which of the following statements is/are correct?

  1. A balance in the saving/current account is must for the use of debit card, whereas credit card can be used with zero balance in account.
  2. A credit card is connected to the bank or financial institution that issued the card, whereas Debit card is connected to a personal bank account.

Select the correct option from the codes given below:

Answer: [C] Both 1 & 2

Both are correct statements. 

This question is a part of GKToday's Integrated IAS General Studies Module