Banking General Awareness Financial Reforms in Banking Sector Question Bank Financial Reforms in Banking Sector

  • question_answer
    The ECS (Credit) envisages                                                                                  [RBI Assistant 2013]

    A)  substitution of the paper instrument by electronic instructions for bulk and repetitive payment transactions

    B)  use of cheques by corporate clients only

    C)  reduction of work load of clerical staff in banks

    D)  encouraging competition among public sector and private sector banks

    E)  None of the above

    Correct Answer: A


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