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Reported Question / Answer
Q.) As per the news published in a financial publication RBI is redesigning its ‘ECS’ to function as a Automated Clearing House (ACH) for bulk transactions. What is full form of ‘ECS’ ?
1)
Extra Closing System
2)
Electronic Cheque System
3)
Evening Cheque Sorter
4)
Evening Cheque System
5)
Electronic Clearing Service
Answer :
5
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