Banking · Automated Clearing Systems
In the context of Automated Clearing Systems in India, which two types of risks are significantly reduced by the migration from physical cheque clearing to EFT systems like NEFT? I. Fraud Risk related to alteration of paper instruments. II. Operational Risk related to the physical transportation of instruments. III. Market Risk related to fluctuations in exchange rates. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and III only
- 2II and III only
- 3I, II, and III
- 4I and II only✓
Correct answer
I and II only
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