Directions: From the four answers, select the most appropriate answer. IFSC stands for ___________.
Question and options
Directions: From the four answers, select the most appropriate answer.
IFSC stands for ___________.
- Indian Fast Service Code
- Indian Financial Service Code
- Indian Finance Support Code
- Indian Financial System Code
Answer and explanation
Correct answer: D - Indian Financial System Code
IFSC stands for Indian Financial System Code, the 11-character code that identifies a bank branch for electronic transfers such as NEFT, RTGS and IMPS. It is issued under the RBI system; the other expansions are not real codes.
Practice for these exams
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CUSAT Three-Year LL.B.
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Bihar Judicial Services
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Uttarakhand Judicial Services
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