11. NEFT and RTGS are regulated by which organization?
a) Securities and Exchange Board of India (SEBI)
b) Reserve Bank of India (RBI)
c) Indian Banks Association (IBA)
d) National Payments Corporation of India (NPCI)
12. Which of the following is true about IMPS?
a) Can only be initiated through mobile banking apps
b) Available 24/7, including weekends and holidays
c) Can only be used for small fund transfers
d) Funds are transferred via cheques
13. Which of the following is not required for NEFT transactions?
a) Account number of the recipient
b) IFSC code of the recipient’s bank branch
c) Mobile number of the recipient
d) Account number of the sender
14. Which of the following is true about RTGS?
a) Can only be initiated through mobile banking apps
b) Available 24/7, including weekends and holidays
c) Can only be used for small fund transfers
d) Funds are transferred via cheques[/expander_maker]
15. Which of the following is not true about IMPS?
a) Can be initiated through mobile banking apps or internet banking
b) Available 24/7, including weekends and holidays
c) Can be used for both small and large fund transfers
d) Transactions may take a few hours to complete
