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)

1 Answer

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 settlement takes place with all transactions received till the particular cut-off time. These transactions are netted (payable and receivables) in NEFT.

Related questions

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

Last Answer : D. 12 Explanation: NEFT operates in hourly batches – there are twelve settlements from 8 am to 7 pm on week days (Monday through Friday) and six settlements from 8 am to 1 pm on Saturdays.

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 : In National Electronic Funds Transfer (NEFT) maximum amount per transaction is limited to ________ A. Rs.75000 B. Rs.50000 C. Rs.80000 D. Rs.90000

Last Answer : B. Rs.50000 Explanation: No. There is no limit - either minimum or maximum - on the amount of funds that could be transferred using NEFT. However, maximum amount per transaction is ... -based remittances within India and also for remittances to Nepal under the Indo-Nepal Remittance Facility Scheme.

Description : What is the full form of DNS A)Domain Name System B)Simple mail Transfer Protocol C)Internet Message Access Protocol D) Network Mapper

Last Answer : A)Domain Name System

Description : What is the full form of DNS A)Domain Name System B)Simple mail Transfer Protocol C)Internet Message Access Protocol D) Network Mapper

Last Answer : A)Domain Name System

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

Last Answer : A. not exceeding Rs 2.50 (+ Service Tax) Explanation: Outward transactions at originating bank branches – charges applicable for the remitter For transactions up to Rs 10,000 : not exceeding Rs 2.50 (+ Service Tax)

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

Last Answer : A. 2 Explanation: The beneficiary can expect to get credit for the NEFT transactions within two business hours (currently NEFT business hours is from morning 8 AM to evening 7 PM on all week days ... morning 8 AM to afternoon 1 PM on Saturdays) from the batch in which the transaction was settled.

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

Last Answer : D. No Charge Explanation: Inward transactions – Free, no charge to be levied.

Description : In a heat treatment shop, steel components are heat-treated in batches of 80 Tons. The  heat treatment cycle is as follows;  Increase temperature from 30 OC to 850 OC in 3 hours.  ... efficiency of 80%, for same requirement. The investment towards installation of  the new furnace is Rs. 50

Last Answer : Quantity of steel treated per batch - 80 Tons a. Efficiency of Furnace: Useful heat supplied to steel - 80000 x 0.12 x (850 - 30)   = 7872000 kcal/batch .1 mark Total heat ... = Rs. 64400/batch Efficiency of new LPG furnace - 80% Heat supplied in new LPG furnace - 7872000/0.8

Description : A 300 mm square bearing plate settles by 15 mm in a plate load test on a cohesive soil when the intensity of loading is 0.2 N/mm². The settlement of a prototype shallow footing 1 m square under the same intensity of loading is (A) 15 mm (B) 30 mm (C) 50 mm (D) 167 mm

Last Answer : (C) 50 mm

Description : A 600 mm square bearing plate settles by 15 mm in plate load test on a cohesion-less soil under an intensity of loading of 0.2 N/ram². The settlement of a prototype shallow footing 1 m square under the same intensity of ... (A) 15 mm (B) Between 15 mm and 25 mm (C) 25 mm (D) Greater than 25 mm

Last Answer : Answer: Option B

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 : 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 : Which of the following statements is not correct? A. For the purpose of Funds Flow Statement, the term 'fund ' generally refers to net working capital B. Funds flow is a wider concept than ... business D. The capitalisation of reserves by the issue of bonus shares also involves flow of funds

Last Answer : D. The capitalisation of reserves by the issue of bonus shares also involves flow of funds

Description : DNS stands for: a) Domain Network Service b) Domain Necessarily Server c) Domain Name System d) None of These

Last Answer : c) Domain Name System

Description : The Minimum Net Owned Fund for NBFC-MFIs registered in the North Eastern Region of the country is _________ A. Rs.5 crore B. Rs.4 crore C. Rs.3 crore D. Rs.2 crore E. None of the Above

Last Answer : Rs.2 crore Explanation: Minimum Net Owned Fund for NBFC-MFIs registered in the North Eastern Region of the country is Rs. 2 crore.

Description : DNS can obtain the ..................of host if its domain name is known and vice versa. A) Station address B) IP address C) Port address D) Checksum

Last Answer : B) IP address

Description : What is Domain Name System (DNS)?

Last Answer : The Domain Name System (DNS) is a hierarchical decentralized naming system for computers, services, or other resources connected to the Internet or a private network. It translates domain names, which ... uses a series of queries and responses to determine the correct IP address for that domain.

Description : A browser uses the DNS system to convert a domain name into an ip address. But once it has the the ip address how does it know where the server is located and reach the server to download the site?

Last Answer : The point of an ip address is that each one is unique. It’s not unlike an address on an envelope. How does the mail know where to go? There is only one possibility.

Description : When a client computer sends a request to a Domain Name System (DNS) server, what type of packet is sent?

Last Answer : DNS primarily uses the User Datagram Protocol (UDP) on port number 53 to serve requests. DNS queries consist of a single UDP request from the client followed by a single UDP reply from the server. ... the answer exceeds 512 bytes and both client and server support EDNS, larger UDP packets are used.

Description : The term DNS stands for (A) Domain Name System (B) Defense Nuclear System (C) Downloadable New Software (D) Dependent Name Server

Last Answer : (A) Domain Name System

Description : DNS in internet technology stands for (A) Dynamic Name System (B) Domain Name System (C) Distributed Name System (D) None of these

Last Answer : (B) Domain Name System 

Description : Which of the following does an auditor least likely perform in assessing audit risk? a. Understand the economic substance of significant transactions completed by the client. b. Understand the entity ... of recorded transactions. d. Obtain an understanding of the client's system of internal contro

Last Answer : Gather audit evidence in support of recorded transactions

Description : Which of the following applications allows a user to access and change remote files without actual transfer? A) DNS B) FTP C) NFS D) Telnet

Last Answer : C) NFS

Description : Which tool can be used to perform a DNS zone transfer on Windows? a. DNSlookup b. nslookup c. whois d. ipconfig

Last Answer : b. nslookup

Description : All are cyber crimes except a. Electronic fund transfer fraud b. Copyright violation. c. Kidnapping

Last Answer : c. Kidnapping

Description : How do I access the "Total DNS" settings for my domain if I changed the name servers?

Last Answer : answer:Your domains are registered through Godaddy correct? When you manage your domain under Nameservers set your name servers back to Godaddy DNS servers (NS17.DOMAINCONTROL.COM, NS18.DOMAINCONTROL.COM) ... server you could, but you would get flooded with requests trying to resolve your domain.

Description : in the dns hierarchy, where is information about how to find the top-level domain servers held? -General Knowledge

Last Answer : You can find on the DNS root servers.

Description : DNS can obtain the of host if its domain name is known and vice versa. A) Station address B) IP address C) Port address D) Checksum

Last Answer : B) IP address

Description : Identify the correct order in which the following actions take place in an interaction between a web browser and a web server. 1. The web browser requests a webpage using HTTP. 2. The web browser establishes a TCP connection with the web ... DNS. a. 4,2,1,3 b. 1,2,3,4 c. 4,1,2,3 d. 2,4,1,3

Last Answer : a. 4,2,1,3

Description : A zone is a contiguous portion of a ………….. of the DNS namespace whose database records exist and are managed in a……….. DNS database file. A. domain, particular B. Class, particular C. tree, local D. Domain, every

Last Answer : A. domain, particular

Description : DNS can obtain the ................. of host if its domain name is known and vice versa. A) Station address B) IP address C) Port address D) Checksum

Last Answer : B) IP address

Description : _______ is used for electronic dealing and reporting of transactions in government securities A. Delivery versus Payment (DvP) B. Negotiated Dealing System (NDS) C. Risk Mitigation D. All of the Above E. None of the Above

Last Answer : B. Negotiated Dealing System (NDS) Explanation: The Negotiated Dealing System (NDS) for electronic dealing and reporting of transactions in government securities was introduced in February ... , bids or applications for primary issuance of Government Securities when auctions are conducted.

Description : 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

Last 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.

Description : A CPA who has been retained by a client that operates in an industry totally new to him a. May not accept such an engagement. b. May accept the engagement only if the ... to commercial banking. d. May accept the engagement because training as a CPA transcends unique industry characteristics

Last Answer : May accept the engagement after attaining a suitable level of understanding of the transactions and accounting practices unique to commercial banking.

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 : The monetary ceiling of amount for settlement through Lok Adalat is _________ A. 5 lakh B. 10 lakh C. 15 lakh D. 20 lakh E. None of the Above

Last Answer : D. 20 lakh Explanation: The monetary ceiling of amount for settlement through Lok Adalat is INR 20 Lakh

Description : The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system? A. Reserve Bank of India Act-1934 B. Banking ... , 1949 D. Payment and Settlement Systems Act (PSS Act), 2007 E. None of the Above

Last Answer : D. Payment and Settlement Systems Act (PSS Act), 2007 Explanation: The Overseas Principal should obtain necessary authorisation from the Department of Payment and Settlement Systems, Reserve Bank of India ... Payment and Settlement Systems Act (PSS Act), 2007 to commence/ operate a payment system.

Description : Which of the following is an "error" as distinguished from "fraud"? a. Lapping b. Embezzlement of company's fund c. Clerical mistakes in the processing of transactions d. Window dressing

Last Answer : Clerical mistakes in the processing of transactions

Description : An HFC is required to have Minimum net owned fund of ______ A. Rs. 100 lakhs B. Rs. 200 lakhs C. Rs. 500 lakhs D. Rs. 1000 lakhs E. None of the Above

Last Answer : D. Rs. 1000 lakhs Explanation: For commencing the housing finance business, an HFC is required to have the following in addition to the requirements under the Companies Act, 1956: ♦ Certificate of registration from NHB ♦ Minimum net owned fund of Rs. 1000 lakhs

Description : The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar ... . Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

Last Answer : C. Online Payment Explanation: Services Offered by AEPS: Balance Enquiry Cash Withdrawal Cash Deposit Aadhaar to Aadhaar Fund Transfer Gateway Authentication Services

Description : Which of the following is the mode of settlement of securities wherein the transfer of securities and funds happen simultaneously? A. Delivery versus Payment (DvP) B. Duration C. Convexity D. All of the Above E. None of the Above

Last Answer : A. Delivery versus Payment (DvP) Explanation: Delivery versus Payment (DvP) is the mode of settlement of securities wherein the transfer of securities and funds happen simultaneously. ... securities are not delivered and vice versa. DvP settlement eliminates the settlement risk in transactions.

Description : Which of the following applications allows a user to access and change remote files without actual transfer? A) DNS B) FTP C) NFS D) Telnet

Last Answer : C) NFS

Description : The transport layer protocols used for real time multimedia, file transfer, DNS and email, respectively are: a. TCP, UDP, UDP and TCP b. UDP, TCP, TCP and UDP c. UDP, TCP, UDP and TCP d. TCP, UDP, TCP and UDP

Last Answer : c. UDP, TCP, UDP and TCP

Description : Which of the following applications allows a user to access and change remote files without actual transfer? A) DNS B) FTP C) NFS D) Telnet

Last Answer : C) NFS

Description : .net domain is used for: a) educational institution b) Internet Infrastructure and Service Providers c) International Organizations d) None of These

Last Answer : b) Internet Infrastructure and Service Providers

Description : CGTMSE stands for _______ A. Central Government Fund Trust for Medium and Small Enterprises B. Central Government Fund Transfer fund for Medium and Small Enterprises C. Central Government Fund for Medium ... D. Credit Guarantee Fund Trust for Micro and Small Enterprises E. None of the Above

Last Answer : D. Credit Guarantee Fund Trust for Micro and Small Enterprises Explanation: Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). The main ... so that the borrowers obtain both term loan and working capital facilities from a single agency.

Description : In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions 

Last Answer : b. a customer buys several electronic coins which are digitally signed by coin issuing bank