BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business
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Banking
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Base
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Bond
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Detailed explanation-1: -Core Banking Solution (CBS) is the networking of bank branches, which allows customers to manage their accounts, and use various banking facilities from any part of the world.
Detailed explanation-2: -CBS stands for Core Banking Solution, which is the networking of various bank branches through a robust IT infrastructure. It allows the customers to operate their bank accounts and avail themselves of the banking services with a centralized network.
Detailed explanation-3: -abbreviation Trademark. Columbia Broadcasting System: a television and radio network.
Detailed explanation-4: -Under the CBS, the new 15 or 16 digit account number and IFS Code are printed on the cheque leaf. [IFSC stands for Indian Financial System Code and is an alpha-numeric code containing 11 characters, allotted by the RBI to uniquely identify bank-branches in India similar to the MICR code].