Q: Which of the following statements relating to SWIFT is/are correct? 1. It is a messaging network used by banks and financial institutions globally for quick and faultless exchange of information pertaining to financial transactions. 2. It stands for Society for Worldwide Interbank Financial Telecommunications. Select the correct answer using the code given below.
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
Correct Answer: (c)
The correct answer is (c) 'Both 1 and 2'. Among the 2 statements given, this option correctly identifies which statements are accurate regarding Computer & Information Technology (Science & Technology).