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    Question

    With reference to the banking system of India, what does NEFT stand for?

    A National Electronic Funds Transfer Correct Answer Incorrect Answer
    B National Electronic Finance Transfer Correct Answer Incorrect Answer
    C National Equity Funds Transaction Correct Answer Incorrect Answer
    D National Equity Finance Transaction Correct Answer Incorrect Answer

    Solution

    A nationwide fund transfer system electronically from one bank account to another bank account is maintained by RBI.

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