Which of the following is not true about Real Time Gross Settlement (RTGS) system?
A. The minimum amount that can be received through RTGS is Rs. 2 lakhs
B. The banks receive the funds in real time as soon as funds are transferred by the remitting bank
C. The minimum amount to be remitted through RTGS is Rs. 2 lakhs
D. All of the above
Answer: Option D
Related Questions on Banking and Financial Institutions
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India
B. Whole of India, except North Eastern States
C. Whole of India, except the State of Jammu & Kashmir
D. None of the above
Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy
B. Growing Indian transnational corporations
C. Population control measures
D. Clean environment
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