Hello and welcome to exampundit. Today we are sharing a set of Banking and Financial Awareness Quiz on NEFT for upcoming Bank exams.
The following Banking and Financial Awareness Quiz on NEFT is important for the upcoming IBPS PO, Clerk, IBPS RRB and Indian Bank PGDBF 2018.
Following set of Banking and Financial Awareness Quiz has 10 questions From NEFT with 5 minutes time and moderate level of difficulty.
[WpProQuiz 213]
For revision Banking Awareness Quiz on NEFT
1. What is the minimum limit for NEFT?
(1) ₹100
(2) ₹1000
(3) ₹10000
(4) ₹50
(5) No limit
2. In which year NEFT started in India?
(1) 2003
(2) 2004
(3) 2005
(4) 2006
(5) 2007
3. Individuals who do not have a bank account (walk-in customers) can also deposit cash at the NEFT-enabled branches upto what amount?
(1) ₹100,000 per transaction
(2) ₹25,000 per transaction
(3) ₹20,000 per transaction
(4) ₹50,000 per transaction
(5) ₹10,000 per transaction
4. How many half-hourly NEFT settlement batches are there in a working day?
(1) 23
(2) 24
(3) 22
(4) 20
(5) 25
5. What is the limit for Indo-Nepal Remittance Facility Scheme under NEFT?
(1) ₹10,000 per transaction
(2) ₹50,000 per transaction
(3) ₹25,000 per transaction
(4) ₹100,000 per transaction
(5) ₹250,000 per transaction
6. ₹25 is the maximum charges for NEFT for transactions over ______.
(1) ₹100,000
(2) ₹200,000
(3) ₹500,000
(4) ₹10,00,000
(5) ₹10,000
7. What are the operating hours of NEFT in a working day?
(1) 8am to 8pm
(2) 9am to 8pm
(3) 8am to 7pm
(4) 9am to 7pm
(5) 7am to 7pm
8. What is the maximum limit for NEFT?
(1) ₹10 lakhs
(2) ₹50 lakhs
(3) ₹1 crore
(4) ₹10 crore
(5) No Limit
9. What does T in NEFT stands for?
(1) Trade
(2) Transfer
(3) Tax
(4) Time
(5) Terms
10. What type of payment system is NEFT?
(1) Real Time Payment
(2) Debit Pull System
(3) Debit Push System
(4) Credit Pull System
(5) Credit Push System
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