GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Safe Window Institute For Transactions
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Safe Window In case of Financial Transaction
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Safe Window for Interbank Financial Transactions
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Society for Worldwide Interbank Financial Telecommunication
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Detailed explanation-1: -The full form of SWIFT is Society for Worldwide Interbank Financial Telecommunications. SWIFT is a member-owned cooperative that offers secure and safe money transfers for its representatives.
Detailed explanation-2: -Definition. Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a cooperative utility whose objective is to develop standardized messaging and processing of transaction services for financial institutions globally, making global cross-border transfers easier.
Detailed explanation-3: -The SWIFT system, or Society for Worldwide Interbank Financial Telecommunication, is a secure infrastructure that lets financial institutions exchange information about global monetary transactions such as money transfers.