Question

Which is not correct about (National Automated Clearing

House (NACH)?Ā

A NACH is a centralised clearing system launched by the National Payments Corporation of India (NPCI).

B NACH aims to replace and consolidate multiple existing Electronic Clearing Service (ECS) systems across India and create a faster and more efficient clearing platform

C NACH will reduce the turnaround time required for activation of ECS mandates and will simplify Aadhar-based benefit transfers

D NACH system facilitates the member banks to design their own products and also addresses specific needs of the banks & corporates including a refined Mandate Management System (MMS)

E All are correct

Practice Next

More Economy and Banking and Finance Static Concepts Questions

_________seeks to examine the goals of the organisation and the trends that are likely to affect these goals.
Who proposed hierarchy of needs model for motivation?
Performance Appraisal is important because-

i. Organisations need to asses level of performance articulated specifically, both quantitatively and...
What is the classical view of management’s social responsibility?

Relevant for Exams:

RBI Grade B

SEBI Grade A

Question

Which is not correct about (National Automated Clearing

Solution

Relevant for Exams:

Download the app