49 - NEFT, RTGS and IMPS

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1).
What does S stands for in SFMS in relation to NEFT payment method?
2).
What is the maximum limit per transaction in NEFT?
3).
How many digits are present in IFSC code?
4).
What is the minimum amount of money that can be transferred through RTGS?
5).
NEFT works on the principle of which of the following?
6).
IMPS is functional through which of the following?
7).
What does N stands for in NUUP?
8).
RTGS stands for which of the following?
9).
In which year National Electronic Fund Transfer started in India?
10).
The 0 in IFSC Code is placed in which of the following positiona of the 11 digit IFSC code?
1. What does S stands for in SFMS in relation to NEFT payment method?
[A] Statutory
[B] Systematic
[C] Structured
[D] Savings
2. What is the maximum limit per transaction in NEFT?
[A] Rs 1,00,000
[B] Rs 50,000
[C] Rs 1,50,000
[D] No Such Limit
3. How many digits are present in IFSC code?
[A] 9
[B] 15
[C] 10
[D] 11
4. What is the minimum amount of money that can be transferred through RTGS?
[A] Rs 2 lakh
[B] Rs 2.5 lakh
[C] Rs 3 lakh
[D] Rs 5 lakh
5. NEFT works on the principle of which of the following?
[A] Gross Batch Settlement
[B] Deferred Net Settlement
[C] Priority Net Settlement
[D] Domain Net Settlement
6. IMPS is functional through which of the following?
[A] ECS
[B] EFS
[C] NFS
[D] RTGS
7. What does N stands for in NUUP?
[A] Network
[B] Neutral
[C] Net
[D] National
8. RTGS stands for which of the following?
[A] Real Time Gross Settlement
[B] Real type General scheme
[C] Real Type gross settlement system
[D] Real time Gross system
9. In which year National Electronic Fund Transfer started in India?
[A] 2004
[B] 2002
[C] 2006
[D] 2005
10. The 0 in IFSC Code is placed in which of the following positiona of the 11 digit IFSC code?
[A] 3rd
[B] 7th
[C] 6th
[D] 5th
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