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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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