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  9. Q121

IBPS PO 2011 · Question 121 of 237

NEFT means

  1. ANational Electronic Funds Transfer systemCorrect
  2. BNegotiated Efficient Fund Transfer System
  3. CNational Efficient Fund Transfer Solution
  4. DNon Effective Funds Transfer System
  5. ENegotiated Electronic Foreign Transfer System

Answer: A. National Electronic Funds Transfer system

Official answer key verified. Detailed explanation coming soon.

Source: IBPS Common Written Exam PO/MT September 2011 (exampapers247 PDF compilation) · reliable-secondary

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