GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SWIFT
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INFINET
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INTERNET
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BANKNET
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Detailed explanation-1: -An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network.
Detailed explanation-2: -A dynamic circuit network (DCN) is an advanced computer networking technology that combines traditional packet-switched communication based on the Internet Protocol, as used in the Internet, with circuit-switched technologies that are characteristic of traditional telephone network systems.
Detailed explanation-3: -The Closed User Group (CUG) Network for the banking and financial sector is called INFINET (Indian Financial Network).