What are the different modes of paying stamp duty in e-Stamping system? A. RTGS B. NEFT C. Pay order D. All of the Above E. None of the Above

1 Answer

Answer :

D. All of the Above Explanation: Client can pay stamp duty amount through the following modes Cash Cheque Demand Draft Pay Order RTGS NEFT Account to Account transfer.

Related questions

Description : Which of the following payment should be initiated only after consulting nearest eStamping center? A. RTGS B. NEFT C. Pay order D. Both (A) and (B) E. Both (B) and (C)

Last Answer : D. Both (A) and (B) Explanation: RTGS / NEFT payment should be initiated only after consulting nearest e-Stamping center.

Description : A document issued by Bank for local payments a. NEFT b. RTGS c. EFT d. Banker’s Cheque/Pay Order

Last Answer : d. Banker’s Cheque/Pay Order

Description : A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as _________ A. SWIFT B. Basel C. RTGS D. NEFT

Last Answer : A. SWIFT Explanation: Society for Worldwide Inter bank Financial Telecommunication code. An internationallyrecognized identification code for banks around the world. SWIFT codes are most commonly used for international wire transfers and are comprised of 8 or 11 alphanumeric characters.

Description : In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction? A. RTGS B. NEFT C. TT D. EFT

Last Answer : A. RTGS Explanation: In RTGS, the beneficiary branches are expected to receive the funds in real time as soon as funds are transferred by the remitting bank. The beneficiary bank has to credit the beneficiary‘s account within 30 minutes of receiving the funds transfer message.

Description : As announced by the Finance Minister in his Budget speech on 28th February, 2011, with a view to assist States in modernising their stamp and registration administration, E-stamping is expected to be rolled out in all the ... in a period of (1) one year (2) two years (3) three years(4) five years

Last Answer : three years

Description : Which of the following is a computer based application and a secured way of paying Non-Judicial stamp duty to the Government? A. Commercial Papers B. E-stamp C. Treasury bill D. All of the Above E. None of the Above

Last Answer : B. E-stamp Explanation: e-Stamping is a computer based application and a secured way of paying Non-Judicial stamp duty to the Government.

Description : A postal franking machine is a stamping machine intended to stamp impressions of dies of approved design on private and official postal articles in payment of a) Postage and postal fee b) Handling charges c) Franking charges d) Special fee

Last Answer : a) Postage and postal fee

Description : Which of the following is subject to payment of Stamp Duty under Indian Stamp Act, 1899 (Central Act)? A. Commercial Paper B. Treasury Bills C. Certificate of Deposit D. Both (A) and (C) E. None of the Above

Last Answer : C. Certificate of Deposit Explanation: CD is subject to payment of Stamp Duty under Indian Stamp Act, 1899 (Central Act).

Description : Issuance of stamp duty on bonds is under ________ A. The Companies Act, 1956 B. The Public Debt Act 1944. C. Indian Stamp Act 1899 (Central Act) D. Reserve Bank of India Act, 1934 E. Both (A) and (C)

Last Answer : C. Indian Stamp Act 1899 (Central Act) Explanation: Issuance of stamp duty on bonds is under Indian Stamp Act 1899 (Central Act). A bond is transferable by endorsement and delivery without payment of any transfer stamp duty.

Description : SHCIL will accept Stamp Duty Payment in ______ only A. US$ B. Euro C. INR D. None of the Above E. All of the Above

Last Answer : C. INR Explanation: SHCIL will accept Stamp Duty Payment in Indian Rupees (INR) only.

Description : Which of the following details can be used to verify the authenticity of an e-Stamp? A. Certificate Number (UIN) B. Stamp Duty Type (Description of Document) C. 6 character alphanumeric string D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: An e-Stamp can be verified online by clicking on verify e-Stamp certificate and entering the required details i.e State Certificate Number (UIN) Stamp Duty Type (Description of Document) Certificate Issue Date 6 character alphanumeric string

Description : Stamp Duty collected by the States can be broadly divided into _______ categories A. One B. Two C. Three D. All of the Above E. None of the Above

Last Answer : B. Two Explanation: Stamp Duty collected by the States can be broadly divided into two categories, viz., Stamp Duty paid under the Indian Stamp Act, 1899 and Stamps used in payment of fees under the Court-fees Act 1870.

Description : Which of the following is not e-banking software? A. ECS B. RTGS C. PIPS D. IBR

Last Answer : C. PIPS Explanation: ECS – Electronic Clearing Service RTGS – Real Time Gross Settlement PIPS is not an e-banking software.

Description : In which States/UT s e-Stamping is currently operational? A. Gujarat B. Karnataka C. Punjab D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: e-Stamping is currently operational in the States/UT s of Gujarat, Karnataka, NCT Delhi, Assam, Tamil Nadu, Rajasthan, Himachal Pradesh, Uttarakhand, UT of ... Daman & Diu, Puducherry, Uttar Pradesh, Chhattisgarh, Jharkhand, Jammu & Kashmir, Punjab and Chandigarh.

Description : Which of the following is/are feature(s) of e-stamping? A. Cost Savings B. Security C. User-friendly D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: Features: Easy accessibility and faster processing Security Cost savings User friendly

Description : Which of the following is not a measure of the Risk Management in Banks? A. CRR B. RTGS C. SLR D. Deposit Insurance

Last Answer : B. RTGS Explanation: Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI. Statutory liquidity ratio (SLR) is the Indian government term for ... is mandatory, and pays claims from a pool of funds to which every depository institution regularly contributes.

Description : The NEFT system facilitates ____cross-border transfer of funds from India to Nepal which is known as the Indo-Nepal Remittance Facility Scheme. A. One Way B. Two Way C. Multi way D. None of the Above

Last Answer : A. One Way Explanation: The NEFT system also facilitates one-way cross-border transfer of funds from India to Nepal. This is known as the Indo-Nepal Remittance Facility Scheme. A remitter can ... account with a bank branch in Nepal or not. The beneficiary would receive funds in Nepalese Rupees.

Description : NEFT is an electronic fund transfer system that operates on a _________ basis which settles transactions in batches. A. Domain Net Settlement (DNS) B. Defined Net Settlement (DNS) C. Declared Net Settlement (DNS) D. Deferred Net Settlement (DNS)

Last Answer : D. Deferred Net Settlement (DNS) Explanation: NEFT is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches. In DNS, the ... till the particular cut-off time. These transactions are netted (payable and receivables) in NEFT.

Description : How are RTGs different from the batteries you buy at a store?

Last Answer : They have different atoms

Description : In NEFT What is the charge for transactions above Rs 1 lakh and upto Rs.2 lakh? A. not exceeding Rs 2.50 (+ Service Tax) B. not exceeding Rs 5 (+ Service Tax) C. not exceeding Rs 15 (+ Service Tax) D. None of the Above

Last Answer : C. not exceeding Rs 15 (+ Service Tax) Explanation: Outward transactions at originating bank branches – charges applicable for the remitter For transactions above Rs 1 lakh and up to Rs 2 lakhs: not exceeding Rs 15 (+ Service Tax)

Description : In NEFT, What is the charge for transactions above Rs 10,000 upto Rs.1 lakh? A. not exceeding Rs 2.50 (+ Service Tax) B. not exceeding Rs 5 (+ Service Tax) C. not exceeding Rs 15 (+ Service Tax) D. None of the Above

Last Answer : B. not exceeding Rs 5 (+ Service Tax) Explanation: Outward transactions at originating bank branches – charges applicable for the remitter For transactions above Rs 10,000 up to Rs 1 lakh: not exceeding Rs 5 (+ Service Tax)

Description : In NEFT What is the charge for transactions up to Rs 10,000? A. not exceeding Rs 2.50 (+ Service Tax) B. not exceeding Rs 5 (+ Service Tax) C. not exceeding Rs 15 (+ Service Tax) D. None of the Above

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Description : NEFT operates in hourly batches and there are _______ settlements from 8 am to 7 pm on week days. A. 3 B. 6 C. 8 D. 12

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Description : The beneficiary can expect to get credit for the NEFT transactions within ______business hours. A. 2 B. 3 C. 1 D. None of the Above

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Description : What is the charge of Inward transactions at destination bank branches in NEFT? A. Rs.1 B. Rs.1.50 C. Rs.2 D. No Charge

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Description : What is the fullform of eSBTR? A. Electronic Secured Basic Transaction Receipt B. Electronic Stamp Bank Treasury Receipt C. Electronic Stamp Bank Transaction Receipt D. Electronic Secured Bank Treasury Receipt E. Electronic Secured Basic Treasury Receipt

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