Question : The process of transferring funds from one bank account to another electronically is called ___________.

Option 1: Online banking

Option 2: electronic funds transfer (EFT)

Option 3: Mobile banking

Option 4: Internet banking

Question : ___________ is a form of electronic payment where funds are transferred directly from one bank account to another.

Option 1: NEFT (National Electronic Funds Transfer)

Option 2: RTGS (Real-Time Gross Settlement)

Option 3: IMPS (Immediate Payment Service)

Option 4: UPI (Unified Payments Interface)

Question : ___________ is the process of transferring funds from one country to another.

Option 1: Foreign exchange

Option 2: Remittance

Option 3: Import-export

Option 4: International trade

Question : The ___________ system allows banks to settle their interbank transactions electronically.

Option 1: Real-time gross settlement (RTGS)

Option 2: Automated Teller Machine (ATM)

Option 3: Point of Sale (POS)

Option 4: National Electronic Funds Transfer (NEFT)

Question : While transferring liabilities to realization account is ------------------omitted to be transferred.

Option 1: creditors

Option 2: bank loan

Option 3: employees Provident fund

Option 4: partner's loan account