Discussion
A) Settlement in real time means the transaction is not subjected to any waiting period.
B) It is a funds transfer mechanism.
C) Moreover, as the money transfer takes place in the books of RBI it is final and irrevocable.
D) The acronym RTGS stands for Real Time Gross Settlement.
E) While gross Settlement means the transaction is settled without bunching it with any other transaction.
F) The transfer of funds takes place on a real time and gross basis.
Answer: B
Correct answer: DBFAEC - sequence D – B – F – A – E – C
How the paragraph builds:
- D expands the acronym RTGS.
- B says what it is - a funds transfer mechanism.
- F states how it works: on a real time and gross basis.
- A defines the first half of that phrase, real time.
- E defines the second half, beginning while gross settlement means.
- C adds a final property with moreover.
A and E define the two halves of the phrase introduced in F, and E’s opening while fixes it as the second of the pair.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development