Consider the following statements in respect of RTGS and NEFT: I. In RTGS, the settlement time is instantaneous while in case of NEFT, it takes some time to settle payments. II. In RTGS, the customer is charged for inward transactions while that is not the case for NEFT. III. Operating hours for RTGS are restricted on certain days while this is not true for NEFT. Which of the statements given above is/are correct?

Consider the following statements: The functions of commercial banks in India include 1. Purchase and sale of shares and securities on behalf of customers 2. Acting as executors and trustees of wills…

With reference to Central Bank digital currencies, consider the following statements : 1. It is possible to make payments in a digital currency without using US dollar or SWIFT system. 2. A digital c…

Consider the following statements in relation to Public Accounts of India I. This fund was constituted under Article 266(2) of the Constitution of India. II. It accounts for flows for those transacti…

Consider the following statements: 1. National Payment Corporation of India (NPCI) helps in promoting financial inclusion in the country. 2. NPCI has launched RuPay, a card payment scheme. Which of t…

Consider the following statements about the Aadhar Pay Service: 1. It will enable people to make and receive payments using their Aadhaar number and biometrics. 2. People can use the service even if…