General Knowledge · General Awareness
Which of the following statements regarding the Structured Financial Messaging System (SFMS) in India is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1SFMS uses a Distributed Denial of Service (DDoS) structural framework to handle network packet distribution securely.
- 2SFMS can be deployed using either centralized or distributed architectures, giving banks the flexibility to adapt it to their needs.✓
- 3SFMS is limited solely to direct inter-bank fund transfers and cannot support regulatory reporting or non-financial messages.
- 4SFMS operates strictly on a Public Key Infrastructure (PKI) model for encryption but lacks built-in identity authentication.
Correct answer
SFMS can be deployed using either centralized or distributed architectures, giving banks the flexibility to adapt it to their needs.
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