Economics · Banking & Payment Systems
Consider the following statements in respect of RTGS and NEFT systems in India: I. In RTGS, the settlement is continuous and instantaneous on a transaction-by-transaction basis, while NEFT settles payments in half-hourly batches. II. In RTGS, the customer is mandated to be charged for inward transactions while that is not the case for NEFT. III. Operating hours for RTGS are restricted to weekdays only, while NEFT is available 24x7. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1III only
- 2I and III
- 3I and II
- 4I only✓
Correct answer
I only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking & Payment Systems MCQs →Want more practice questions on Banking & Payment Systems?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Banking & Payment Systems