Unlock and Upgrade

Remove all limits from your Quizzes

You've reached the limit of our free version but can immediately unlock and go pro.

Continue No thanks

Make your own Quiz

Make your own Quiz Copy & Edit

Make your own quiz Manage my Quizzes Plans / Features Guides and Help Contact Privacy & Security

2B CHAPTER 13

Electronic payment instruments are modern facilities, where the clearing process need not be initiated by the mutual fund

True

False

NEFT is a nation-wide payment system facilitating to move funds electronically from one account to another

True

False

RTGS is a facility to move funds electronically batch wise

True

False

ASBA is a payment facility available to investors for all mutual fund NFOs

True

False

Digital payments such as Net Banking, Debit cards, Unified Payment Interface (UPI) are amongst the accepted modes of payments for mutual fund schemes currently.

True

False

In modern banking, there is no practical difference between a local cheque and outstation cheque.

True

False

A cheque issued by any person other than the investor of the mutual fund investment is a third-party cheque.

True

False

Investment can be made in cash, repayments in the form of redemptions, dividend payments, etc. Can be paid only through banking channel

True

False

Investment Accounts are maintained by the custodian bank, to settle securities transactions.

True

False

A mutual fund scheme may appoint one or more collecting bankers

True

False

{"name":"2B CHAPTER 13", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Electronic payment instruments are modern facilities, where the clearing process need not be initiated by the mutual fund, NEFT is a nation-wide payment system facilitating to move funds electronically from one account to another, RTGS is a facility to move funds electronically batch wise","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}