BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
computer language
|
|
|
security feature in bank note
|
|
|
The benchmark prescriptions for standardization of cheque books
|
|
|
accounting standards
|
Detailed explanation-1: -CTS-2010 standard is a set of benchmarks prescribed by RBI towards achieving standardization of cheques issued by banks across the country. This include provision of mandatory minimum-security features on cheque forms like quality of paper, watermark and bank’s logo in invisible ink, void pantograph, etc.
Detailed explanation-2: -CTS-2010 Standard paper should not glow under Ultra-Violet (UV) light i.e., it should be UV dull. This shall ensure that the feel of cheques is uniform across banks. 1.3 VOID pantograph (At Printing Stage): Pantograph with hidden / embedded “COPY” or “VOID” feature shall be included in the cheques.
Detailed explanation-3: -What Exactly is Cheque Truncation? CTS or Cheque Truncation System is a process of clearing cheques through image-based verification. The electronic version of the cheque is sent for clearance with all necessary details such as MICR code, date and name of presenting bank.
Detailed explanation-4: -CTS 2010 Cheques possess mandatory minimum security features like quality of paper, watermark, banks’ logo in invisible ink, void pantograph etc.