

MCQOPTIONS
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1. |
_Which of the following statements is incorrect regarding RTGS system?$? |
A. | The transactions take place in real time |
B. | The system operates on DNS (Deferred Net Settlement) basis |
C. | The minimum amount that can be remitted is Rs. 2 lakh |
D. | Service charges for RTGS transactions vary from one bank to another |
Answer» C. The minimum amount that can be remitted is Rs. 2 lakh | |