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      Question

      NEFT transactions are

      settled:
      A In real-time individually Correct Answer Incorrect Answer
      B In batch mode Correct Answer Incorrect Answer
      C Only after RBI approval Correct Answer Incorrect Answer
      D At end of day Correct Answer Incorrect Answer
      E Through overseas correspondent banks Correct Answer Incorrect Answer

      Solution

      NEFT (National Electronic Funds Transfer) is processed in half-hourly batches throughout the day.

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