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    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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