Banking Awareness Quiz – Set 16 – NEFT

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.

 

The following questions are created as per the recent trends and level of Bank PO & Clerk General Awareness 2018.

Test Name: Banking Awareness Quiz for Bank PO & Clerk 2018

Duration: 5 min

Level: Moderate

All the best.


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

Show Answer
Option: 5

 

2. In which year NEFT started in India?
(1) 2003
(2) 2004
(3) 2005
(4) 2006
(5) 2007

Show Answer
Option: 3

 

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

Show Answer
Option: 4

 

4. How many half-hourly NEFT settlement batches are there in a working day?
(1) 23
(2) 24
(3) 22
(4) 20
(5) 25

Show Answer
Option: 1

 

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

Show Answer
Option: 2

 

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

Show Answer
Option: 2

 

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

Show Answer
Option: 3

 

8. What is the maximum limit for NEFT?
(1) ₹10 lakhs
(2) ₹50 lakhs
(3) ₹1 crore
(4) ₹10 crore
(5) No Limit

Show Answer
Option: 5

 

9. What does T in NEFT stands for?
(1) Trade
(2) Transfer
(3) Tax
(4) Time
(5) Terms

Show Answer
Option: 2

 

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

Show Answer
Option: 5

 

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