Banking General Awareness Banking System Question Bank New Banking System

  • question_answer
    Consider the following statements.
    I. NACH is a funds clearing platform.
    II. NACH has both debit and credit variants.
    III. NACH will replace ESS in 2018.
    Which of the above statements is/are correct?

    A)  I and II                        

    B)  II and III

    C)  I and III            

    D)  Only II

    E)  I, II and III

    Correct Answer: C


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