Consider the following statements in respect of RTGS and NEFT: I. In RTGS, the settlement time is instantaneous while in case of NEFT, it takes some time to settle payments. II. In RTGS, the customer is charged for inward transactions while that is not the case for NEFT. III. Operating hours for RTGS are restricted on certain days while this is not true for NEFT. Which of the statements given above is/are correct?
AI only
BI and II
CI and III
DIII only
Answer & Solution
Correct answer: A. I only
UPSC CSE Prelims 2025 (GS-I, Set A), Q.68. Official answer key: A.
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