Question

Regarding financial transactions what is SIDSPL? 

A 1) Secured and Instant Domestic Services Private Limited Correct Answer Incorrect Answer
B 2) SWIFT India Domestic Services Private Limited Correct Answer Incorrect Answer
C 3) Secured Instructions Domestic Services Private Limited Correct Answer Incorrect Answer
D 4) Secured and Instant Domestic Services Private Limited Correct Answer Incorrect Answer
E 5) All of the above are correct Correct Answer Incorrect Answer

Solution

The RBI has granted approval to SWIFT India Domestic Services Private Limited (SIDSPL) to provide messaging services for domestic financial transactions in India. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication.

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