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easyMCQSSC Selection Post 2021 Matriculation Level2026General Awareness
1 mark

In the context of banking in India, what does 'F' stand for in the abbreviation 'IFSC'?

  1. A
    Fiscal
  2. B
    Fast
  3. C
    Federal
  4. D
    Financial

Solution & Step-by-step Explanation

The full form of IFSC is Indian Financial System Code. It is an 11-character alphanumeric code used by the Reserve Bank of India to uniquely identify bank branches participating in electronic fund transfer systems like NEFT and RTGS. Therefore, 'F' stands for Financial.

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In the context of banking in India, what does 'F' stand for in the abbreviation 'IFSC'?
A
Fiscal
B
Fast
C
Federal
D
Financial

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Economy and BankingAbbreviations

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