Many a time we read a term SEPA in financial newspapers. What is the full form of the term? [UBI 2009]

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Many a time we read a term ‘SEPA’ in financial newspapers. What is the full form of the term? [UBI 2009]

A	Single Exchange Processing Agency
B	Single Euro Payments Area
C	Single Electronic Processing Agency
D	Super Electronic Purchase Agency

Explanation:

Detailed explanation-1: -The single euro payments area (SEPA) is a system of transactions created by the European Union (EU).

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