Q. What is the full form of RTGS?

  • (A) Ready Transaction and Gross Settlement
  • (B) Real Transaction and General Settlement
  • (C) Real Time Gross Settlement
  • (D) Real Transaction Gross Settlement
✅ Correct Answer: (C) Real Time Gross Settlement
Explanation: RTGS (Real Time Gross Settlement) is a fund transfer system. In this, the transfer of money or securities takes place from one bank to any other bank on a “real-time” and on a “gross” basis.

Published by Yashika ⭐ 3.75K Points at 11-Nov-2021 06:02 am in Economic

Explanation by: Yashika
RTGS (Real Time Gross Settlement) is a fund transfer system. In this, the transfer of money or securities takes place from one bank to any other bank on a “real-time” and on a “gross” basis.

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