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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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