Module: General Practice
Q6: Which of the following is identified as a major milestone in the evolution of India's Real Time Gross Settlement (RTGS) system?
✅ Correct Answer: A
Major milestones in the evolution of the Real Time Gross Settlement (RTGS) system include its transition to 24x7x365 availability and the adoption of the ISO 20022 message standard.
This standard enhances the efficiency and data richness of transactions, as noted in the RBI's Payment Systems Report - June 2025.
This standard enhances the efficiency and data richness of transactions, as noted in the RBI's Payment Systems Report - June 2025.