RBI Grade B Officers 22 Nov 2015 Paper

Question : 98 of 200

Marks: +1, -0

What is Electronic Clearing Service?

The process of transformation of physical shares, commercial paper or certificate of deposit into electronic form
Electronic mode of funds transfer from one bank account to another
A new type of automated teller machines useful for rural population
Transferring local financial assets into foreign assets freely and at market determined exchange rates
None of these

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