National Electronic Funds Transfer is used mainly for: MCQ with Answer and Explanation

Question

Share Report Error

National Electronic Funds Transfer is used mainly for:

A. batch-wise electronic transfer of retail funds

B. international remittances

C. high-value real-time transfers only

D. stock market trading

Answer: Option A

Solution (By JKSSB Mock Tests)

NEFT settles retail fund transfers in batches, unlike RTGS.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'MUDRA' Yojana was launched in which year?

A. 2015

B. 2017

C. 2013

D. 2016

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Pradhan Mantri Mudra Yojana was launched in 2015.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on fruit juices is:

A. 28%

B. 12%

C. 18%

D. 5%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Fruit juices attract 12% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'United Nations' has how many member states?

A. 200

B. 220

C. 150

D. 193

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The United Nations has 193 member states.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs