[amp_mcq option1=”IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones” option2=”The facility is provided by National Payments Corporation of India through its existing NFS switch” option3=”Internet Banking Account facilitates IMPS to transfer money to any account” option4=”To use IMPS, both the account holder and beneficiary needs to have Mobile Money Identifier (MMID)” correct=”option3″]<\/p>\n
The correct answer is C. Internet Banking Account facilitates IMPS to transfer money to any account.<\/p>\n
IMPS is an instant, 24X7, interbank electronic fund transfer service through mobile phones. It is provided by National Payments Corporation of India through its existing NFS switch. To use IMPS, both the account holder and beneficiary needs to have Mobile Money Identifier (MMID).<\/p>\n
Option A is true. IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones.<\/p>\n
Option B is true. The facility is provided by National Payments Corporation of India through its existing NFS switch.<\/p>\n
Option D is true. To use IMPS, both the account holder and beneficiary needs to have Mobile Money Identifier (MMID).<\/p>\n
Option C is false. Internet Banking Account does not facilitate IMPS to transfer money to any account. To use IMPS, the account holder and beneficiary must have a mobile phone number and a bank account linked to that mobile number.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones” option2=”The facility is provided by National Payments Corporation of India through its existing NFS switch” option3=”Internet Banking Account facilitates IMPS to transfer money to any account” option4=”To use IMPS, both the account holder and beneficiary needs to have Mobile Money Identifier … <\/p>\n