Question

    In the context of banking sector of India, what is the

    full form of IMPS?
    A Immediate Payment Sector Correct Answer Incorrect Answer
    B Instant Payment Service Correct Answer Incorrect Answer
    C Instant Payment Sector Correct Answer Incorrect Answer
    D Immediate Payment Service Correct Answer Incorrect Answer

    Solution

    Immediate Payment Service is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones.

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