26. Which of the following is a benefit of using NEFT?
a) Instant fund transfer
b) No transaction fees
c) Available 24/7, including weekends and holidays
d) Can be used for international fund transfers
27. Which of the following is a benefit of using RTGS?
a) Low transaction fees
b) Instant fund transfer
c) No maximum transaction limit
d) Available 24/7, including weekends and holidays
28. Which of the following is a benefit of using IMPS?
a) Requires physical presence at the bank branch
b) Low transaction fees
c) Requires the use of a mobile phone
d) Takes 2-3 business days for fund transfer
29. NEFT transactions are processed in how many settlement cycles per day?
a) 1
b) 2
c) 3
d) 4
30. RTGS transactions can only be initiated through:
a) Cheque books
c) Mobile banking apps
d) ATM machines
