Question

___________ is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches.

A IMPS Correct Answer Incorrect Answer
B BBPS Correct Answer Incorrect Answer
C NPCI Correct Answer Incorrect Answer
D RTGS Correct Answer Incorrect Answer
E NEFT Correct Answer Incorrect Answer

Solution

National Electronics Funds Transfer (NEFT) is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches.

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