Question
Which of the following system enabling the citizens of
the country to utilize any ATM of a connected bank?Solution
- The National Financial Switch facilitates routing of ATM transactions through inter-connectivity between the Bank’s Switches, thereby enabling the citizens of the country to utilize any ATM of a connected bank.
- National Financial Switch is the largest network of shared automated teller machines in India. It was designed, developed and deployed by the Institute for Development and Research in Banking Technology in 2004, with the goal of inter-connecting the ATMs in the country and facilitating convenience banking. It is owned by NPCI
The term 'net 50' implies that the customer will make payment:
What is the difference between a non-performing asset (NPA) and a stressed asset in India?
As per SEBI (LODR) Regulations, 2015, what is the maximum number of listed companies in which an individual can serve as a director (effective from Apri...
 Which of the following Act will govern the Digital Lending regulatory framework in India?
Contingent liabilities are recorded in:
To improve socio-economic conditions of the particularly vulnerable tribal groups (PVTGs), the Government has stated that the Pradhan Mantri PVTG Devel...
An investment fund that is traded on an exchange is known as
Which of the following is the correct full form of CAS, in the context of mutual funds and securities?
On March 03, a saving bank customer in India, requests for issue a USD 10,000. The inter-bank currency rates are as under:
Spot rate: 1 USD = Rs....
On what basis should working capital assessment be done for seasonal cash flows?
