[amp_mcq option1=”The minimum amount that can be received through RTGS is Rs. 2 lakhs” option2=”The banks receive the funds in real time as soon as funds are transferred by the remitting bank” option3=”The minimum amount to be remitted through RTGS is Rs. 2 lakhs” option4=”All of the above” correct=”option4″]
The correct answer is D. All of the above.
RTGS is a funds transfer system that enables banks to transfer funds between each other in real time. It is a very efficient system and is used for high-value transactions. The minimum amount that can be transferred through RTGS is Rs. 2 lakhs. The banks receive the funds in real time as soon as funds are transferred by the remitting bank.
Option A is not true because the minimum amount that can be received through RTGS is Rs. 2 lakhs. Option B is true because the banks receive the funds in real time as soon as funds are transferred by the remitting bank. Option C is true because the minimum amount to be remitted through RTGS is Rs. 2 lakhs.