Multiple choice

RTGS stands for

  1. Real Time Gross Settlements

  2. Reduced Time Gross Settlements

  3. Relative Time Gross Settlements

  4. Real Total Gross Securities

  5. None of these
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A Correct answer
Explanation

RTGS stands for Real Time Gross Settlement, which is an electronic funds transfer system where transactions are settled individually in real-time on a gross basis. 'Reduced Time' and 'Relative Time' are incorrect expansions. 'Real Total Gross Securities' mixes unrelated terms. RTGS is used for high-value transactions in banking.

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