Read the following statements and choose the CORRECT option.
(i) NEFT is an electronic funds transfer system that operates on a Deferred Net Settlement basis that settles transactions in batches
(ii) RTGS transactions are processed continuously throughout the banking business hours
(iii) RTGS system is primarily meant for large value transactions
(iv) All the bank branches in India are RTGS enabled
1
(i) TRUE, (ii) FALSE, (iii) FALSE, (iv) TRUE
2
(i) TRUE, (ii) FALSE, (iii) TRUE, (iv) TRUE
3
(i) TRUE, (ii) TRUE, (iii) FALSE, (iv) TRUE
4
(i) TRUE, (ii) TRUE, (iii) TRUE, (iv) FALSE