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SSC CHSL 2019 PYQ — Question 34

SSC CHSL - 11th July 2019 - Shift 1 • General Awareness • Q34

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In the context of the banking system in India, what does IFSC stand for?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. Indian Financial System Code.

In the context of the banking system in India, what does IFSC stand for?

Indian Financial System Code

What is IFSC? 
  • It represents the 11-digit character that you can usually see on your bank’s cheque leaves or other bank-sponsored material.
  • This 11-character code helps identify the individual bank branches that participate in the various online money transfer options like NEFT and RTGS.