Correct Answer : Structured
NEFT SFMS message” means an electronic Structured Financial Messaging Solution (SFMS) message containing a batch of NEFT payment instructions for funds transfer, processed and consolidated in the manner specified for transmission of payment instructions from NEFT Service Centre to the NEFT Clearing Centre
Correct Answer : All of the above
Payment and Settlement Systems Act, 2007 is an Act to provide for the regulation and supervision of payment systems in India and to designate the Reserve Bank of India as the authority for that purpose and for matters connected therewith or incidental thereto.
Correct Answer : individual retirement account
An Individual Retirement Account (IRA) is a tax-advantaged account that is designed to help you save for retirement. There are two different types of IRAs: Traditional and Roth IRAs.
Correct Answer : CRIS
SX40 is the flagship Index of MSE. The Dow Jones Industrial Average, or simply the Dow, is a stock market index that indicates the value of 30 large, publicly owned companies based in the United States. The NIFTY 50 index is National Stock Exchange of India’s benchmark broad based stock market index for the Indian equity market.
Correct Answer : No Fee
The banking ombudsman is appointed by the RBI to resolve customers’ complaints regarding banking services and does not charge a fee.
Correct Answer : Microfinance programs are often targeted to women
Microfinance is a category of financial services targeted at individuals and small businesses. They are often located in disfavoredareas
Correct Answer : Something that has happened or a current problems
A risk is something that hasn’t happened yet but has some probability of occurring. An issue is essentially a risk that has happened. In other words, risks are potential future problems and issues are current problems.
Correct Answer : The balance of payments
The balance of payments is the record of all economic transactions between the residents of the country and the rest of the world in a particular period of time. It is categorised on the basis of current account or capital account or both.
Correct Answer : the instrument is void due to uncertainty
The Negotiable Instruments must be freely transferable and unconditional from the make to the received/bearer.
Correct Answer : Current account
The current account is an important indicator of an economy’s health. It is defined as the sum of the balance of trade, net income from abroad, and net current transfers.
