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Question
IMPS stand for Immediate (Mobile) Payment Service. It was started in 2010. In order to use IMPS, you don’t have to register for mobile banking.
Options
True
False
MCQ
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Solution
False
Explanation:
IMPS (Immediate Payment Service) was launched in 2010, but to use IMPS via mobile, you must register for mobile banking (e.g., enable mobile banking/MMID); therefore, the statement “you don’t have to register” is incorrect.
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