Module A PPB Unit 15- Ancillary Services

What does the term "Remittance" refer to?

• Transfer of goods
• Transfer of services
• Transfer of funds
• Transfer of documents
• Transfer of technology

Which of the following is NOT a method of remittance?

• Telegraphic Transfer (TT)
• Mail Transfer (MT)
• National electronic funds transfer (NEFT)
• Demand Draft (DD)
• Real Time Gross Settlement (RTGS)

What is the validity period of a Demand Draft (DD)?

• 1 month
• 2 months
• 3 months
• 6 months
• 1 year

What is the primary difference between a Banker's Cheque and a Demand Draft (DD)?

• DD requires "A/c payee" crossing
• Banker's Cheque is issued for international remittance
• Banker's Cheque cannot be cleared in any branch
• DD cannot be used for internal remittance
• Banker's Cheque has a validity of 6 months

Which of the following information is required for a Telegraphic Transfer?

• Name of the remitter
• Amount of remittance
• Beneficiary bank's SWIFT code
• Purpose of transfer
• Remittance currency

Which settlement system operates in real-time batches?

• NEFT
• RTGS
• IMPS
• Both NEFT and RTGS
• Both RTGS and IMPS

What is the minimum transfer limit for NEFT?

• Re.1
• Rs.1,000
• Rs.50,000
• Rs.1 lakh
• Rs.2 lakh

In which year did mobile banking begin in India?

• 2000
• 2002
• 2010
• 2018
• 2020

What is Electronic Benefit Transfer (EBT) primarily aimed at?

• International remittances
• Corporate transactions
• Direct Benefit Transfer (DBT)
• Cash withdrawals
• Interbank transfers

What type of relationship exists between a bank and the hirer of a safe deposit locker?

• Creditor and debtor
• Lessor and lessee
• Buyer and seller
• Mortgagor and mortgagee
• Lender and borrower