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SSC CHSL 2019 PYQ — Question 43

SSC CHSL - 2nd July 2019 - Shift 2 • General Awareness • Q43

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In the context of international banking transactions, what is the full form of SWIFT?

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Correct answer: A

Explanation

The correct answer is option 1 i.e. Society for Worldwide Interbank Financial Telecommunication.

In the context of international banking transactions, what is the full form of SWIFT?

Society for Worldwide Interbank Financial Telecommunication

SWIFT:
  • SWIFT is a vast messaging network used by banks and other financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions.
  • SWIFT India is a joint venture of top Indian public and private sector banks and SWIFT.