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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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