Business Studies

A fee is applicable for processing NEFT transaction.


ANSWER

True


SOLUTION
A fee is applicable for processing NEFT transaction- this is a true statement. When a transaction is made through NEFT, some service tax is charged with ranges from Rs. 2.5 to Rs 5. It is charged when funds are transferred from one bank account to another.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


TRUE/FALSE Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 201
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Which of the following statements is true or false?
a) Commercial banks can issue currency notes
b) Commercial banks sell and purchase securities on behalf of their customers
  • A. (a) is false, but (b) is true
  • B. Both (a) and (b) are true
  • C. Both (a) and (b) are false
  • D. (a) is true, but (b) is false

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Subjective Medium
List out the points included in insurance policy.

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Attachment with the e-mail may _______.
  • A. slow down delivery of the email
  • B. be vulnerable to viruses
  • C. both a & b
  • D. none of the above

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Elected representative of the shareholders is called a __________.
  • A. Shareholder
  • B. Director
  • C. Secretary
  • D. None of these

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
The simultaneous activity of production and consumption of services is called _____________.
  • A. Inventory
  • B. Inconsistency
  • C. Inseparability
  • D. Intangibility

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer