Economics · Payment and Settlement Systems
Consider the following pairs of Indian payment and settlement systems with their specific features: 1. RTGS : Real-time settlement for high-value transactions with a minimum limit of ₹2 lakh 2. NEFT : Instant fund transfer service with a maximum limit of ₹5 lakh per transaction 3. IMPS : Electronic fund transfer settled in 48 half-hourly batches for any amount How many of the above pairs is/are correctly matched?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None
- 2All three
- 3Two only
- 4One only✓
Correct answer
One only
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