alleryIn high-value banking payments, RTGS expands to
AReserve Transfer General System
BReal-Time Gross Settlement
CRapid Trading Guarantee Service
DRouted Transaction Gross Scheme
Answer & Solution
Correct answer: B. Real-Time Gross Settlement
RTGS processes transactions continuously on an individual order basis without netting.
Keep practising Abbreviations
Browse all Abbreviations questions for RRB NTPC, or explore more General Knowledge topics.
Related questions
The WTO agreement known as TRIPS coversWhat does the abbreviation RIDF signify at NABARD?In the International Monetary Fund, SDR denotesUnder the original GST legislation, NAA stood forWhat does GSTN denote in the indirect taxation system?For inter-state movement of goods, IGST expands toWhat does the abbreviation SGST represent under GST?Under India's goods and services tax regime, CGST means