16. NEFT transactions are processed in how many batches?
a) 11
b) 6
c) 8
d) 4
Answer: a) 11
17. RTGS transactions are processed individually on a transaction-by-transaction basis:
a) True
b) False
Answer: a) True
18. IMPS is a relatively newer payment system compared to NEFT and RTGS:
a) True
b) False
Answer: a) True
19. NEFT transactions are settled on a deferred net settlement (DNS) basis, while RTGS transactions are settled on a real-time basis:
a) True
b) False
Answer: a) True
20. What is the average time for NEFT transactions to be settled on any given business day?
a) Instantly
b) Within 4 hours
c) Within 6 hours
d) Within 2 hours
Answer: b) Within 4 hours
