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

What does ECS in banking transactions stand for? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) Electronic Clearing Service
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(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 House. This is normally for bulk transfers from one account to many accounts or vice-versa. This can be used both for making payments like distribution of dividend, interest, salary, pension, etc. by institutions or for collection of amounts for purposes such as payments to utility companies like telephone, electricity, or charges such as house tax, water tax, etc or for loan installments of financial institutions/banks or regular investments of persons.
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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

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

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

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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

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_______ is the process of updating the accounts of the trading parties. a. Underwriting b. Clearing c. Banking

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................. uses electronic means to transfer funds directly from one account to another rather than by cheque or cash? (A) M-Banking (B) E-Banking (C) O-Banking (D) C-Banking

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Last Answer : Goods are exchanged with goods.

What does the letter `e' denotes in the term `e - banking'? (1) Essential Banking (2) Economic Banking (3) Electronic Banking (4) Expansion Banking

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Description : A Credit Bureau is governed by _________ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange ... of India (Credit Rating Agencies) Regulations, 1999 E. Credit Information Companies (Regulation) Act of 2005

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Description : The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are called (1) Cash reserves (2) Deposit reserves (3) Excess reserves (4) Momentary reserves

Last Answer : Excess reserves

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 accounting firm specializes in the audit of commercial banks. c. May accept the engagement after attaining a suitable level of understanding of the transactions and accounting practices unique to commercial banking. d. May accept the engagement because training as a CPA transcends unique industry characteristics

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Which one of the following is not a dimension of human development, index? (1) Life expectancy (2) Knowledge (3) Social status (4) Standard of living

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Last Answer : (3) Social status Explanation: Social Status is not a dimension of Human Development Index

Which one of the following is not a dimension of human development index ? (1) Life expectancy (2) Knowledge (3) Social status (4) Standard of living

Description : Which one of the following is not a dimension of human development index ? (1) Life expectancy (2) Knowledge (3) Social status (4) Standard of living

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The date of credit of cheque in case of RD/PPF account will be the date of a) Presentation of cheque b) Receipt of the cheque from postmaster c) Receipt of the cheque from HO d) The date clearing

Description : The date of credit of cheque in case of RD/PPF account will be the date of a) Presentation of cheque b) Receipt of the cheque from postmaster c) Receipt of the cheque from HO d) The date clearing

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An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated? A. Negotiable Instrument Act 1881 B. Criminal Procedure Code C. Payment and Settlement Systems Act 2007 D. Indian Companies Act 1956

Description : An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated? A. Negotiable Instrument Act 1881 B. Criminal Procedure Code C. Payment and Settlement Systems Act 2007 D. Indian Companies Act 1956

Last Answer : C. Payment and Settlement Systems Act 2007 Explanation: Under the Section 25 of Payment and Settlement Systems (PSS) Act, 2007, dishonour of an electronic fund transfer instruction due to insufficiency ... fine or both, similar to the dishonour of a cheque under the Negotiable Instruments Act 1881.

Which of the following is not the name of charging station? • Electric vehicle charging station • EVSE • ECS • ESSV

Description : Which of the following is not the name of charging station? • Electric vehicle charging station • EVSE • ECS • ESSV

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What controls cabin pressurisation? a. ECS pack mass flow controller b. Outflow valve c. Engine bleed valve d. Inflow valve

Description : What controls cabin pressurisation? a. ECS pack mass flow controller b. Outflow valve c. Engine bleed valve d. Inflow valve

Last Answer : b. Outflow valve

What controls cabin pressurisation? a. ECS pack mass flow controller b. Outflow valve c. Engine bleed valve d. Inflow valve

Description : What controls cabin pressurisation? a. ECS pack mass flow controller b. Outflow valve c. Engine bleed valve d. Inflow valve

Last Answer : b. Outflow valve

___________ can be used as a standard to measure the efficiency of an economy 1. Cash reserve ratio 2. Exchange rate ratio 3. Incremental capital output ratio 4. Profit ratio 5. None of these

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The Secure Electronic Transaction protocol is used for a. credit card payment b. cheque payment c. electronic cash payments d. payment of small amounts for internet services

Description : The Secure Electronic Transaction protocol is used for a. credit card payment b. cheque payment c. electronic cash payments d. payment of small amounts for internet services 

Last Answer : a. credit card payment  

For which function money is accepted as a unit of account? (a) Measure of value. (b) Store of value. © Medium of exchange. (d) Standard of deferred payment.

Description : For which function money is accepted as a unit of account? (a) Measure of value. (b) Store of value. © Medium of exchange. (d) Standard of deferred payment.

Last Answer : (a) Measure of value.

Is snow clearing after a snow storm an essential service?

Description : Is snow clearing after a snow storm an essential service?

Last Answer : Depends on the city and the amount of snow and weather prediction. Personally, I like my city to do nothing and let people have a break from routine until it melts, since snow rarely lasts more than a day or two here.

Check supervisor in RMS the standard for test sorting will be a) 500 article per hour b) 800 article per hour c) 1000 article per hour d) 1200 article per hour

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Last Answer : a) 500 article per hour

t is permissible to allow trainee welder to carry out production welding? a) Never b) Yes as long as the supervisor is happy with his workmanship standard c) Yes as long as he has the approved qualification to cover the intended scope of work d) Yes as long as no NDT is required on the finished weld

Description : t is permissible to allow trainee welder to carry out production welding? a) Never b) Yes as long as the supervisor is happy with his workmanship standard c) Yes as long as he has the approved ... cover the intended scope of work d) Yes as long as no NDT is required on the finished weld

Last Answer : a) Never

In International Banking terms,”Appreciation” of Rupee means ________ A. Excess of exports over imports B. Purchasing power of rupee has come down C. Availability of less foreign currency vis-a-vis rupee D. Excess of imports over exports E. Availability of more foreign currency vis-a-vis rupee

Description : In International Banking terms,”Appreciation” of Rupee means ________ A. Excess of exports over imports B. Purchasing power of rupee has come down C. Availability of less foreign currency vis-a-vis rupee D. Excess of imports over exports E. Availability of more foreign currency vis-a-vis rupee

Last Answer : C. Availability of less foreign currency vis-a-vis rupee Explanation: Currency Appreciation refers to increase in the value of domestic currency in terms of foreign currency. The domestic currency becomes more valuable and less of it is required to buy the foreign currency.

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.

_______ 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

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.

When two companies are linked together by computers and they send business transactions through these computer, they are probably using- a. Digital wallets b. Electronic data interchange c. B2C d. Smart cards

Description : When two companies are linked together by computers and they send business transactions through these computer, they are probably using- a. Digital wallets b. Electronic data interchange c. B2C d. Smart cards

Last Answer : b. Electronic data interchange

When two companies are linked together by computers and they send business transactions through these computer, they are probably usinga. Digital wallets b. Electronic data interchange c. B2C d. Smart cards

Description : When two companies are linked together by computers and they send business transactions through these computer, they are probably usinga. Digital wallets b. Electronic data interchange c. B2C d. Smart cards

Last Answer : b. Electronic data interchange

When a transaction is processed online, how can the merchant verify the customer's identity? a. use secure sockets layers b. use secure electronic transactions c. use electronic data interchange d. use financial electronic data interchange

Description : When a transaction is processed online, how can the merchant verify the customer's identity? a. use secure sockets layers b. use secure electronic transactions c. use electronic data interchange d. use financial electronic data interchange

Last Answer : b. use secure electronic transactions

In electronic cheque payments developed, it is assumed that most of the transactions will be a. customers to customers b. customers to business c. business to business d. banks to banks

Description : In electronic cheque payments developed, it is assumed that most of the transactions will be a. customers to customers b. customers to business c. business to business d. banks to banks

Last Answer : c. business to business

A digital signature is required (i) to tie an electronic message to the sender’s identity (ii)for non repudiation of communication by a sender (iii) to prove that a message was sent by the sender in a court of law (iv) in all e-mail transactions a. i and ii b. i, ii, iii c. i, ii, iii, iv d. ii, iii, iv

Description : A digital signature is required (i) to tie an electronic message to the sender's identity (ii)for non repudiation of communication by a sender (iii) to prove that a message was sent by the sender in a court of law (iv) in all ... a. i and ii b. i, ii, iii c. i, ii, iii, iv d. ii, iii, iv

Last Answer : b. i, ii, iii

By Electronic Commerce we mean: a. Commerce of electronic goods b. Commerce which depends on electronics c. Commerce which is based on the use of internet d. Commerce which is based on transactions using computers connected by telecommunication network

Description : By Electronic Commerce we mean: a. Commerce of electronic goods b. Commerce which depends on electronics c. Commerce which is based on the use of internet d. Commerce which is based on transactions using computers connected by telecommunication network

Last Answer : d. Commerce which is based on transactions using computers connected by telecommunication network

What is it that can act as a medium of exchange in transactions? -SST 10th

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Who among the following appoints the “Authorized Dealers” for foreign exchange transactions? A. GOI B. RBI C. PSBs D. FEDAI E. FIMMDA

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