The ECS (Credit) envisages [RBI Assistant 2013]

use of cheques by corporate clients only

substitution of the paper instrument by electronic instructions for bulk and repetitive payment transactions

reduction of work load of clerical staff in banks

encouraging competition among public sector and private sector banks

The ECS (Credit) envisages

1.	The ECS (Credit) envisages [RBI Assistant 2013]
A.	substitution of the paper instrument by electronic instructions for bulk and repetitive payment transactions
B.	use of cheques by corporate clients only
C.	reduction of work load of clerical staff in banks
D.	encouraging competition among public sector and private sector banks
E.	None of the above
Answer» B. use of cheques by corporate clients only

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The ECS (Credit) envisages [RBI Assistant 2013]

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