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      Question

      What is the full form of NEFT in

      banking?
      A National Electronic Fund Transfer Correct Answer Incorrect Answer
      B National Economic Fund Transfer Correct Answer Incorrect Answer
      C New Economic Financial Transaction Correct Answer Incorrect Answer
      D National Energy Fund Transfer Correct Answer Incorrect Answer
      E National Export Fund Transaction Correct Answer Incorrect Answer

      Solution

      NEFT stands for National Electronic Fund Transfer, a nationwide payment system facilitating one-to-one funds transfer between individuals and businesses.

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