Data Communication Network and EFT Systems
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What does EFT stand for in banking technology?
EFT stands for Electronic Funds Transfer, which refers to the electronic movement of money from one bank account to another through computer-based systems.
Which device converts digital signals to analogue and back for transmission over telephone lines, installed in pairs at each end?
Modem (Modulator-Demodulator)
What is the primary purpose of a data communication network in banking?
A data communication network in banking enables the electronic exchange of financial data between branches, customers, and other institutions, supporting real-time transaction processing and information sharing.
What data rate does optical fibre support according to the JAIIB chapter on data communication?
2 Gigabits per second (2 Gbps)
Which RBI-operated system provides real-time gross settlement for high-value transactions in India?
RTGS (Real Time Gross Settlement) operated by RBI processes high-value interbank fund transfers individually and in real time, with a minimum transaction limit of Rs. 2 lakh.
What data rate does coaxial cable support for digital signal transmission?
500 Mbps
What is the minimum transaction amount for RTGS transfers as mandated by RBI?
The minimum transaction amount for RTGS is Rs. 2 lakh (Rs. 2,00,000), and there is no upper ceiling for individual transactions.
Up to what distance can twisted pair cable reliably connect terminals in a bank branch?
Up to 150 metres
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