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Banking: Origin & Development

Authored by minal gandhi

Professional Development

University

Used 1+ times

Banking: Origin & Development
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45 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I'm a promise of payment,

written with care,

Bearer or Order,

the choice you declare.

Cross me and guard me,

don't let me stray.

Cheque

Demand Draft

Pay-in-slip

NEFT

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of cheque is payable to the person whose name is written on the face of the cheque?

Bearer Cheque

Order Cheque

Crossed Cheque

Open Cheque

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

I'm electronic magic,

funds on the go,

Swift and secure,

in a timely flow.

Real-time transfers,

without delay,

Which service am I?

NEFT

IMPS

RTGS

All of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which electronic fund transfer system is typically used for high-value transactions and settles transactions individually and in real-time?

NEFT

RTGS

IMPS

ECS

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum limit for an IMPS transaction in India?

No Limit

₹2,00,000

₹5,00,000

₹10,00,000

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In NEFT, when are the settlement batches typically processed on weekdays?

Every Hour

Half-hourly intervals

Hourly intervals

Daily, at a fixed time

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which document is a prepayment instrument that allows a bank's customer to withdraw money from their account to the card?

Credit Card

Debit Card

Demand Draft

Electronic Clearing Service (ECS)

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