NEFT, RTGS and IMPS

46. NEFT transactions are processed in hourly batches, except for the last batch of the day:

a) True

b) False

47. RTGS transactions can only be initiated online:

a) True

b) False

48. IMPS is commonly used for salary disbursement, online shopping, and mobile recharges:

a) True

b) False

49. NEFT is more suitable for transferring small amounts, while RTGS is more suitable for transferring large amounts:

a) True

b) False

50. All banks in India are members of NEFT and RTGS, while IMPS is available only for selected banks:

a) True

b) False