Financial Security | MCQs

Explanation

The correct phrase is "to lay by something for a rainy day."

It means to save or set aside resources for future use.

It especially in times of need or difficulty.

Explanation

IMPS (Immediate Payment Service): An instant, 24/7 interbank money transfer service that allows real-time transfers between banks.

Additional information 
IFSC (Indian Financial System Code)
ATM (Automated Teller Machine)
IFS (Indian Foreign Service)