NEFT, RTGS and IMPS

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41. Which of the following is true about RTGS settlements during bank holidays?

a) Settlements are postponed to the next working day

b) Settlements are processed manually

c) Settlements are done in real-time

d) RTGS settlements do not happen on bank holidays

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42. Which of the following is true about IMPS settlements during bank holidays?

a) Settlements are postponed to the next working day

b) Settlements are processed manually

c) Settlements are done in real-time

d) IMPS settlements do not happen on bank holidays

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43. During NEFT transactions, funds are settled on a one-to-one basis:

a) True

b) False

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44. During RTGS transactions, funds are settled on a one-to-one basis:

a) True

b) False

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45. During IMPS transactions, funds are settled on a one-to-one basis:

a) True

b) False

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