Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Banking and Financial Institutions Financial Regulators in India Mobile Banking
Which of the following statements are correct?
A. NEFT allows the customer to transfer funds with a maximum limit of Rs. 3,00,000 per day
B. IMPS allows to transfer funds in an Insta Payment Mode
C. The minimum limit to transfer funds via RTGS is Rs. 2,50,000
D. Instant Real Time Payment System developed by National Payment Corporation of India is UPI
E. For clearing of cheques under Positive Pay System (PPS), the minimum limit is Rs. 50,000
Choose the correct answer from the options given below:
1
B and D only
2
C and E only
3
A and B only
4
C and D only