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
[su_spoiler title="Show Answer"]
Option: 5[/su_spoiler]
2. In which year NEFT started in India?
(1) 2003
(2) 2004
(3) 2005
(4) 2006
(5) 2007
[su_spoiler title="Show Answer"]
Option: 3[/su_spoiler]
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
[su_spoiler title="Show Answer"]
Option: 4[/su_spoiler]
4. How many half-hourly NEFT settlement batches are there in a working day?
(1) 23
(2) 24
(3) 22
(4) 20
(5) 25
[su_spoiler title="Show Answer"]
Option: 1[/su_spoiler]
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
[su_spoiler title="Show Answer"]
Option: 2[/su_spoiler]
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
[su_spoiler title="Show Answer"]
Option: 2[/su_spoiler]
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
[su_spoiler title="Show Answer"]
Option: 3[/su_spoiler]
8. What is the maximum limit for NEFT?
(1) ₹10 lakhs
(2) ₹50 lakhs
(3) ₹1 crore
(4) ₹10 crore
(5) No Limit
[su_spoiler title="Show Answer"]
Option: 5[/su_spoiler]
9. What does T in NEFT stands for?
(1) Trade
(2) Transfer
(3) Tax
(4) Time
(5) Terms
[su_spoiler title="Show Answer"]
Option: 2[/su_spoiler]
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
[su_spoiler title="Show Answer"]
Option: 5[/su_spoiler]
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