What is the time for customer transactions (initial cut off) under RTGS for a normal day?
Important Questions on Information Technology & Banking
Which of the following is correct regarding VSAT network of RBI?
(a) it involves the use of earth stations called VSAT.
(b) VSAT are owned by individual banks.
(c) VSAT Hub is owned by RBI and IDRBT.
Which of the following is not correct regarding VSAT?
a: it has an outdoor unit that provides an interface to the satellite.
b: it has an indoor unit, that provides an interface to the user computer system.
c: it uses a hybrid system of two different technologies called Star and Mesh.
d: none of the above.
VSAT network cannot be used for which of the following group of activities:
a: EFT, anytime/anywhere banking.
b: Emil, circulars, reporting to RBI.
c: settlement of securities, settlement system.
d: treasury management products, physical cash delivery.
While using VSAT network, the banks in India make use of:
a: INFINITE for free format message
b: BANK NET for free format message
c: NI CNET for free format message
d: INLET for free format message
On the Internet, the connection with the service provider is established with the help of:
a: monitor
b: VSAT
c: mode
d: any of the above
In terms of the NEFT / NECS / ECS Procedural Guidelines member banks need to afford credits to beneficiary accounts or return transactions (uncredited for whatever reason) to the originating / sponsor bank within the prescribed timeline. Any delays in doing so attract penal provisions specified therein. The penal interest rate is:
a: RBI LAF reverse repo rate + 2%.
b: RBI LAF repo rate + 2%.
c: RBI Bank rate + 2%.
d: BPLR of the concerned bank.
Which of the following RTGS explanation does match?
A: CHIPS - England.
B: CHAPS - US.
C: CHATS - Hong Kong.
D: None of the above.
