Question

Which of the following best describes the primary purpose of the Immediate Payment Service (IMP

  • S in the Indian digital banking ecosystem?
A A batch-based fund transfer service available only during specific banking hours
B A card-based point-of-sale payment terminal system
C A government scheme aimed purely at financial inclusion
D A cheque truncation and clearing system
E An instant, 24x7, real-time interbank electronic fund transfer service
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)