In the context of the banking sector in India what does 39 G 39 stand for in 39 RTGS 39 ........

Static GK (MTS) Banking Awareness

In the context of the banking sector in India, what does 'G' stand for in 'RTGS'?

This questions was previously asked in

SSC MTS 13th October 2021 Shift-1

Gradual

Grand

Gross

Gain

- RTGS stands for Real-Time Gross Settlement.

- It is a system used for the continuous, real-time transfer of funds.

- In "RTGS," each transaction is settled individually, directly, and in real-time.

- Gross: This is the correct term. It means transactions are settled individually, without netting or grouping them together.

- Correct Answer: Option 3 - Gross

- Gradual: Not applicable here, implies slow or step-by-step.

- Grand: Also not applicable, it means large or impressive.

- Gain: Incorrect in this context; refers to increase or profit.

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