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Banking Exams Exam  >  Banking Exams Questions  >  NEFT stands fora)Non-Electronic Fund Transfer... Start Learning for Free
NEFT stands for
  • a)
    Non-Electronic Fund Transfer
  • b)
    National Electronic Funds Transfer
  • c)
    National Electronic Finance Transfer
  • d)
    New Electronic Funds Transmission
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
NEFT stands fora)Non-Electronic Fund Transferb)National Electronic Fun...
NEFT (National Electronic Funds Transfer) enables funds transfer from one bank to another but works a bit differently than RTGS since the settlement takes place in batches rather than individually, making NEFT slower than RTGS.
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Directions: Read the instructions carefully and answer the question below.Eight people A, B, C, D, E, F, G, and H, are working in different sectors based on the exam in which they appeared. These eight people appeared for (or cleare d) eight different exams namely, UPSC, CA, CAT, CGL, RBI, NABARD, CHSL, and MTS but not necessarily in the same order. Also, the exams are mentioned in decreasing order of their difficulty level. Also, these people were transferred many times in their carrier. No two person was transferred the same number of times.The person who cleared RBI was transferred 5 more times than the person who cleared CA. The difficulty level of the exam which C cleared is just below the difficulty level of the exam which was cleared by F. The person who cleared NABARD was transferred 4 fewer times than the person who cleared CHSL. A did not appear for either RBI or CHSL. The total number of transfers of C is 60% of the total number of transfers of D and also, C was transferred 3 more times than G. B appeared for the exam which is difficult than the exam for which H appeared and B got 7 fewer transfers than H. The total number of transfers of D and the person who cleared UPSC is 35. The exam that H took was more difficult than at least four exams. D cleared either MTS or CGL. The person who appeared for UPSC was transferred 5 fewer times than the person who appeared for MTS. Neither G nor H appeared for either CA or CAT. No person appeared for the more difficult exam than F. F was transferred 13 fewer times than H who was transferred the maximum number of times. The total number of transfers of H and F is 43.Q. What is the total number of transfers for the people who cleared the top three easiest exams?

Directions: Read the instructions carefully and answer the question below.Eight people A, B, C, D, E, F, G, and H, are working in different sectors based on the exam in which they appeared. These eight people appeared for (or cleare d) eight different exams namely, UPSC, CA, CAT, CGL, RBI, NABARD, CHSL, and MTS but not necessarily in the same order. Also, the exams are mentioned in decreasing order of their difficulty level. Also, these people were transferred many times in their carrier. No two person was transferred the same number of times.The person who cleared RBI was transferred 5 more times than the person who cleared CA. The difficulty level of the exam which C cleared is just below the difficulty level of the exam which was cleared by F. The person who cleared NABARD was transferred 4 fewer times than the person who cleared CHSL. A did not appear for either RBI or CHSL. The total number of transfers of C is 60% of the total number of transfers of D and also, C was transferred 3 more times than G. B appeared for the exam which is difficult than the exam for which H appeared and B got 7 fewer transfers than H. The total number of transfers of D and the person who cleared UPSC is 35. The exam that H took was more difficult than at least four exams. D cleared either MTS or CGL. The person who appeared for UPSC was transferred 5 fewer times than the person who appeared for MTS. Neither G nor H appeared for either CA or CAT. No person appeared for the more difficult exam than F. F was transferred 13 fewer times than H who was transferred the maximum number of times. The total number of transfers of H and F is 43.Q. Which exam did G clear?

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NEFT stands fora)Non-Electronic Fund Transferb)National Electronic Funds Transferc)National Electronic Finance Transferd)New Electronic Funds Transmissione)None of theseCorrect answer is option 'B'. Can you explain this answer?
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NEFT stands fora)Non-Electronic Fund Transferb)National Electronic Funds Transferc)National Electronic Finance Transferd)New Electronic Funds Transmissione)None of theseCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about NEFT stands fora)Non-Electronic Fund Transferb)National Electronic Funds Transferc)National Electronic Finance Transferd)New Electronic Funds Transmissione)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for NEFT stands fora)Non-Electronic Fund Transferb)National Electronic Funds Transferc)National Electronic Finance Transferd)New Electronic Funds Transmissione)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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