21. Which of the following information is required for initiating an NEFT transaction?
a) Beneficiary’s Aadhaar number
b) Mobile number of the beneficiary
c) Beneficiary’s name and bank account number
d) Beneficiary’s PAN card number
Answer: c) Beneficiary’s name and bank account number
22. What is the maximum transaction limit for IMPS?
a) Rs. 10,000
b) Rs. 50,000
c) Rs. 1 lakh
d) No maximum limit
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Answer: d) No maximum limit
23. Can NEFT transactions be canceled or reversed?
a) Yes
b) No
Answer: a) Yes
24. Can RTGS transactions be canceled or reversed?
a) Yes
b) No
Answer: b) No
25. Can IMPS transactions be canceled or reversed?
a) Yes
b) No
Answer: a) Yes
