BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Many times we read a term CBS used in banking operation. What is the full form of the letter ‘S’ in the term ‘CBS’?
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Systematic
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Super
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Support
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Solution
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Explanation:
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: -Columbia Broadcasting System: a television and radio network.
Detailed explanation-3: -What Does It Mean to Have a Core Banking System (CBS)? Core banking is defined as a back-end system that processes banking transactions across the various branches. Deposits, loans, and credit processing are all part of this system.
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