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1 mark

In the context of banking, what does 'F' stand for in NEFT?

  1. A
    Fiscal
  2. B
    Flexible
  3. C
    Funds
  4. D
    Financial

Solution & Step-by-step Explanation

NEFT stands for National Electronic Funds Transfer. It is a nationwide centralized payment system owned and operated by the Reserve Bank of India (RBI) for electronic transfer of funds from one bank account to another.

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In the context of banking, what does 'F' stand for in NEFT?
A
Fiscal
B
Flexible
C
Funds
D
Financial

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BankingEconomicsAcronyms

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