Directions [11-15]: Rearrange the following six sentences (A), (B), {C}, {D}, {E} and (F) in the proper sequence to form a meaningful paragraph; then, answer the questions given below them.
[A] Settlement in 'real time' means the transaction is not subjected to any waiting period.
[B] It is a funds transfer mechanism.
[C] Moreover, as the money transfer takes place in the books of RBI it is final and irrevocable.
[D] The acronym RTGS stands for Real Time gross Settlement.
[E] While 'gross settlement' means the transaction is settled without bunching it with any other transaction.
(F) The transfer of funds takes place on a real time and gross basis.
Which of the following should be the THIRD sentence after rearrangement ?
Correct Answer: Part of solved SBI JuniorAssociate-4 questions and answers :
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