Many times we read a term CBS used is banking operations. What is the full form of the letter C in the term CBS? [Indian Overseas Bank 2011]

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Many times we read a term CBS used is banking operations. What is the full form of the letter C in the term ‘CBS’? [Indian Overseas Bank 2011]

A	Complete
B	Credit
C	Continuous
D	Core

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. In simple terms, there is no need to visit your own branch to do banking transactions.

Detailed explanation-2: -Core banking can be defined as a back-end system that processes banking transactions across the various branches of a bank. The system essentially includes deposit, loan and credit processing.

Detailed explanation-3: -The term CORE stands for Centralized Online Real-time Environment, which implies that the customer can experience the bank as a single entity, regardless of their location.

Detailed explanation-4: -CBS or Certificate in Business Skills is a short-term course aimed at developing business skills in individuals.

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