The term 'Core Banking Solutions' is sometimes seen in the news. Which of the following statements best describes/describe this term? A. It is a networking of a bank's branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts. B. It is an effort to increase RBI's control over commercial banks through computerization. C. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank. [CSE (Pre.) 2016] Select the correct answer using the code given below:

🎲 Try a Random Question  |  Total Questions in Quiz: 44  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Money Supply And Prices — practice the complete quiz, review flashcards, or try a random question.


The term 'Core Banking Solutions' is sometimes seen in the news. Which of the following statements best describes/describe this term? A. It is a networking of a bank's branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts. B. It is an effort to increase RBI's control over commercial banks through computerization. C. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank. [CSE (Pre.) 2016] Select the correct answer using the code given below:






ADVERTISEMENT