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

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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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 and from morning 8 AM to afternoon 1 PM on Saturdays) from the batch in which the transaction was settled.
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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

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)

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

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)

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

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)

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

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.

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)

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.

Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

Description : Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

Last Answer : D. Letter of Credit Explanation: A letter issued by a bank to another bank (especially one in a different country) to serve as a guarantee for payments made to a specified person under specified conditions.

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

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.

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

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.

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

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.

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

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.

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

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.

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)

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.

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

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.

A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be operated using a pre- or post-paid SIM, and does away with the use of paper receipts—making it cost & battery effective, and, of course, very environment friendly. With a simple and hassle-free documentation policy, a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.

Description : A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be ... , a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.

Last Answer : Which of the following company launched “Receive and Win” campaign for Ramzan? A) Mobikwik B) Freecharge C) Paytm D) MoneyGram E) Udio

What is the maximum limit on cash payment that is to be made to the beneficiary under MTSS in India? A. Rs. 25,000 B. Rs. 15,000 C. Rs. 10,000 D. Rs. 40,000 E. Rs. 50,000

Description : What is the maximum limit on cash payment that is to be made to the beneficiary under MTSS in India? A. Rs. 25,000 B. Rs. 15,000 C. Rs. 10,000 D. Rs. 40,000 E. Rs. 50,000

Last Answer : E. Rs. 50,000 Explanation: Amounts up to INR 50,000/- may be paid in cash to a beneficiary in India. These can also be loaded on to a pre-paid card issued by banks. Any ... However, in exceptional circumstances, where the beneficiary is a foreign tourist, higher amounts may be disbursed in cash.

How many remittances can be received by a single individual beneficiary under the scheme during a year? A. 40 B. 45 C. 40 D. 35 E. 30

Description : How many remittances can be received by a single individual beneficiary under the scheme during a year? A. 40 B. 45 C. 40 D. 35 E. 30

Last Answer : E. 30 Explanation: Thirty remittances can be received by a single individual beneficiary under the scheme during a calendar year.

In case of failed ATM transactions, if the amount is not credited to customer‟s account within 7 working days from the date of receipt of the complaint. Banks have to pay compensation at the rate of Rs.________ per day. A. 150 B. 200 C. 100 D. 10 E. 50

Description : In case of failed ATM transactions, if the amount is not credited to customer‟s account within 7 working days from the date of receipt of the complaint. Banks have to pay compensation at the rate of Rs.________ per day. A. 150 B. 200 C. 100 D. 10 E. 50

Last Answer : C. 100 Explanation: Reconciliation of failed transactions at ATMs – For any failure to re-credit the customer‘s account within 7 working days from the date of receipt of the complaint, the bank will pay compensation of Rs.100/-, per day, to the aggrieved customer.

B) CaixaBank Explanation: As per the agreement, they will expand banks‘ guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local enterprises The banks will collaborate in areas of mutual interest such as syndicated loan business, guarantee transactions, trade finance and export credit agency finance, infrastructure finance and networking services, among others.

Description : B) CaixaBank Explanation: As per the agreement, they will expand banks guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local ... finance and export credit agency finance, infrastructure finance and networking services, among others.

Last Answer : Recently an Indian bank launched next generation features on its app „iMobile‟ which will enable customers to instantly pay taxes and book railway tickets within the app. Name the bank. A) Federal Bank B) Punjab National Bank C) Kotak Mahindra Bank D) ICICI Bank E) Bandhan Bank

The __________ model originally did not require a cloud to use virtualization to pool resources. a) NEFT b) NIST c) NIT d) All of the mentioned

Description : The __________ model originally did not require a cloud to use virtualization to pool resources. a) NEFT b) NIST c) NIT d) All of the mentioned

Last Answer : NIST

Which model originally did not require a cloud to use virtualization to pool resources a) NEFT b) NIST c) NIT d) All of the mentioned

Description : Which model originally did not require a cloud to use virtualization to pool resources a) NEFT b) NIST c) NIT d) All of the mentioned

Last Answer : All of the mentioned

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

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

Which class ALONE is beneficiary of the contrived struggle between the left and right?

Description : Which class ALONE is beneficiary of the contrived struggle between the left and right?

Last Answer : That’s a no to contrivance and a no to deliverance.I disagree.

What happens when the beneficiary of a will refuses to accept the terms of the bequest?

Description : What happens when the beneficiary of a will refuses to accept the terms of the bequest?

Last Answer : I would say it would go to the next beneficiary should one be named. If not that, held in some fiduciary fund for a time in case the original named beneficiary changes their mind and capitulates. If they ... it, but my guess is that the state will figure a way to knee hook it for the government.

Have you ever been the beneficiary of Child Wisdom or Kiddy Zen?

Description : Have you ever been the beneficiary of Child Wisdom or Kiddy Zen?

Last Answer : I have one book similar to that. Oh and here’s an interesting website with some great quotes from kids.

Single, childless people, who is the beneficiary/POD payee on your bank account?

Description : Single, childless people, who is the beneficiary/POD payee on your bank account?

Last Answer : Mine are my parents too.

Can someone make the zombie that they will become when they die the beneficiary of their life insurance polacy?

Description : Can someone make the zombie that they will become when they die the beneficiary of their life insurance polacy?

Last Answer : I don’t think you can leave anything for the “undead”, but then again, I don’t think there’s a clause for that….

How can i obtain a copy of a dead person's will as i am a beneficiary of the estate?

Description : How can i obtain a copy of a dead person's will as i am a beneficiary of the estate?

Last Answer : How do you know that you are the beneficiary if you do not havea copy of the Will!Wills are usually lodged with solicitors or with the executor(s)of the Will. The executors must have the ... I no will can be found, then you countries "intestate" ruleswill apply regarding beneficiaries of the estate.

How can i obtain a copy of a dead person's will as i am a beneficiary of the estate?

Description : How can i obtain a copy of a dead person's will as i am a beneficiary of the estate?

Last Answer : How do you know that you are the beneficiary if you do not havea copy of the Will!Wills are usually lodged with solicitors or with the executor(s)of the Will. The executors must have the ... I no will can be found, then you countries "intestate" ruleswill apply regarding beneficiaries of the estate.

Beneficiary Required Minimum Distribution (RMD)?

Description : Beneficiary Required Minimum Distribution (RMD)?

Last Answer : Beneficiary Required Minimum Distribution (RMD)When you are the beneficiary of a retirement plan, specific IRSrules regulate the minimum withdrawals you must take. If you wantto simply take your ... to determine your Required Minimum Distributions(RMD) as a beneficiary of a retirement account.

Change of Beneficiary Letter?

Description : Change of Beneficiary Letter?

Last Answer : Get StartedAs the owner of an insurance policy, you may want to make changes to your beneficiaries. Usually the insurance policy, an insurance company rule, or a state law requires that certain ... NameOwner's NameName of the Primary Beneficiary (This can be either a proper name, like Jane

Change of Beneficiary?

Description : Change of Beneficiary?

Last Answer : Change of Beneficiary(Download)Date:RE: Insurance Policy Number:Insured:Owner:Dear Sir or Madam:I am writing to instruct you to make the following change(s) to the above policy. I would like ... , your divorce, or other such circumstance.1. Make multiple copies. Send one to the insurance

I am the beneficiary of an estate, do I need to hire a trust attorney?

Description : I am the beneficiary of an estate, do I need to hire a trust attorney?

Last Answer : As long as the will isn't contested, you shouldn't need to hire a trust attorney. Just make sure you follow the instructions of the will.

Anyone identified to the auditor by name prior to the audit who is to be the principal recipient of the auditor's report is a a. Primary beneficiary. b. Third party. c. Foreseen beneficiary. d. Secondary beneficiary

Description : Anyone identified to the auditor by name prior to the audit who is to be the principal recipient of the auditor's report is a a. Primary beneficiary. b. Third party. c. Foreseen beneficiary. d. Secondary beneficiary

Last Answer : Primary beneficiary

Which of the following is false with respect to minor entering a contract? A. An agreement with or by a minor is void ab initio B. A minor can be a beneficiary of a contract C. The contracts involving a minor as a beneficiary may be enforced at the option of the third party D. A minor cannot ratify a contract on attaining majority

Description : Which of the following is false with respect to minor entering a contract? A. An agreement with or by a minor is void ab initio B. A minor can be a beneficiary of a contract C. The ... be enforced at the option of the third party D. A minor cannot ratify a contract on attaining majority

Last Answer : C. The contracts involving a minor as a beneficiary may be enforced at the option of the third party

Which of the following is false with respect to minor entering a contract? (a) An agreement with or by a minor is void ab initio (b) A minor can be a beneficiary of a contract (c) The contracts involving a minor as a beneficiary may be enforced at the option of the third party (d) A minor cannot ratify a contract on attaining majority

Description : Which of the following is false with respect to minor entering a contract? (a) An agreement with or by a minor is void ab initio (b) A minor can be a beneficiary of a contract (c) The ... may be enforced at the option of the third party (d) A minor cannot ratify a contract on attaining majority

Last Answer : (c) The contracts involving a minor as a beneficiary may be enforced at the option of the third party

If transactions not made by the cardholder appear on the statement of account the card holder should dispute them with the card issuing Bank within how many days of the transaction date?

Description : If transactions not made by the cardholder appear on the statement of account the card holder should dispute them with the card issuing Bank within how many days of the transaction date?

Last Answer : 30

In credit transactions, goods or services are purchased for cash only

Description : In credit transactions, goods or services are purchased for cash only

Last Answer : State whether the following statement are true or false with reason : In credit transactions, goods or services are purchased for cash only

(i) System in which entry is recorded for cash as well as credit transactions.

Description : (i) System in which entry is recorded for cash as well as credit transactions.

Last Answer : Give the word term or phrase which can substitute each of the following statement : (i) ... of goods or services for immediate cash payment.

Which one of the following transactions changes the current ratio ? (A) Purchase of goods for cash (B) Plant acquired on account (C) Sold goods on credit (D) Debentures converted into equity capital

Description : Which one of the following transactions changes the current ratio ? (A) Purchase of goods for cash (B) Plant acquired on account (C) Sold goods on credit (D) Debentures converted into equity capital

Last Answer : Answer: Plant acquired on account

What does ECS in banking transactions stand for? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) Electronic Clearing Service

Description : What does ECS in banking transactions stand for? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) Electronic Clearing Service

Last Answer : (4) Electronic Clearing Service Explanation: Electronic Clearing Service is a mode of electronic funds transfer from one bank account to another bank account using the services of a Clearing ... tax, etc or for loan installments of financial institutions/banks or regular investments of persons.

On October 4, 2008, Terry Corporation had credit sales transactions of $2,800 from merchandise having cost $1,900. The entries to record the day's credit transactions include a a. debit of $2,800 to Merchandise Inventory. b. credit of $2,800 to Sales. c. debit of $1,900 to Merchandise Inventory. d. credit of $1,900 to Cost of Goods Sold.

Description : On October 4, 2008, Terry Corporation had credit sales transactions of $2,800 from merchandise having cost $1,900. The entries to record the day's credit transactions include a a. debit of $2,800 to ... c. debit of $1,900 to Merchandise Inventory. d. credit of $1,900 to Cost of Goods Sold.

Last Answer : b. credit of $2,800 to Sales.

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

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 

Disadvantages of e-Commerce in India are (i) internet access is not universally available (ii) Credit card payment security is not yet guaranteed (iii) Transactions are de-personalized and human contact is missing (iv) Cyberlaws are not in place a. i and ii b. ii and iii c. i, ii, iii d. i, ii, iii, iv

Description : Disadvantages of e-Commerce in India are  (i) internet access is not universally available  (ii) Credit card payment security is not yet guaranteed  (iii) Transactions are de-personalized and human contact is missing  (iv) Cyberlaws ... i and ii b. ii and iii c. i, ii, iii d. i, ii, iii, iv

Last Answer : c. i, ii, iii  

What does ECS in banking transactions stand for ? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) lectronic Clearing Service

Description : What does ECS in banking transactions stand for ? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) lectronic Clearing Service 

Last Answer : lectronic Clearing Service

A characteristic of card systems is: A) Slowness in processing data B) Using cards as records of transactions C) Needing a larger DP staff D) All of the above

Description : A characteristic of card systems is: A) Slowness in processing data B) Using cards as records of transactions C) Needing a larger DP staff D) All of the above

Last Answer : Answer : D

Which of the following cannot be called as a debt instrument as referred in financial transactions? A. Certificate of Deposits B. Bonds C. Stock D. Commercial Paper

Description : Which of the following cannot be called as a debt instrument as referred in financial transactions? A. Certificate of Deposits B. Bonds C. Stock D. Commercial Paper

Last Answer : C. Stock Explanation: Debt instruments are assets that require a fixed payment to the holder, usually with interest. Examples of debt instruments include bonds (government or corporate) and mortgages.

The practice of lending money to unrelated individuals, or “peers”, without going through a traditional financial intermediary such as a bank or other traditional financial institution is called__________ A. B2B transactions B. C2C transactions C. P2P lending D. PPP Model E. P2P Investing

Description : The practice of lending money to unrelated individuals, or “peers”, without going through a traditional financial intermediary such as a bank or other traditional financial institution is called__________ A. B2B transactions B. C2C transactions C. P2P lending D. PPP Model E. P2P Investing

Last Answer : C. P2P lending Explanation: P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders directly with borrowers.

The agency which is tasked with collecting analysing and disseminating information related to dubious financial transactions is ________ A. Financial Intelligence Unit(FIU) B. Financial Action Task Force(FATF) C. Central Economic Intelligence Bureau(CEIB) D. Central Intelligence Bureau(CIB) E. Financial Stability Board(FSB)

Description : The agency which is tasked with collecting analysing and disseminating information related to dubious financial transactions is ________ A. Financial Intelligence Unit(FIU) B. Financial Action Task Force( ... Bureau(CEIB) D. Central Intelligence Bureau(CIB) E. Financial Stability Board(FSB)

Last Answer : A. Financial Intelligence Unit(FIU) Explanation: The Financial Intelligence Unit (FIU), an agency tasked with collecting, analysing and disseminating information related to ... appropriate, disseminate valuable financial information to intelligence/enforcement agencies and regulatory authorities.

The record of all economic transactions between the residents of a country and the rest of the world in a particular period is known as _______ A. Balance in Current Account B. Balance in Capital Account C. Trade Settlements D. Balance of Trade E. Balance of Payments

Description : The record of all economic transactions between the residents of a country and the rest of the world in a particular period is known as _______ A. Balance in Current Account B. Balance in Capital Account C. Trade Settlements D. Balance of Trade E. Balance of Payments

Last Answer : E. Balance of Payments Explanation: The balance of payments (BOP) is the method countries use to monitor all international monetary transactions at a specific period of time.A record of all transactions made between one particular country and all other countries during a specific time period.

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 authentication number. Aadhaar enabled basic types of banking do not include A. Balance Enquiry B. Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

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