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A company has to make immediate payment of ₹ 10 lakhs to a party for receiving a consignment of raw material to fulfil an urgent order. Which of the following is the quickest way of remitting - Commerce

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Question

A company has to make immediate payment of ₹ 10 lakhs to a party for receiving a consignment of raw material to fulfil an urgent order. Which of the following is the quickest way of remitting this money to the bank account of the concerned party?

Options

  • Bank Draft

  • Banker's Cheque

  • NEFT

  • RTGS

MCQ
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Solution

RTGS

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Chapter 4: Banking - Latest Trends - QUESTIONS [Page 111]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 4 Banking - Latest Trends
QUESTIONS | Q 14. | Page 111
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