2017
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Indian Institute of Packaging (IIP)
|
|
|
Agricultural and Processed Food Products Export Development Authority (APEDA)
|
|
|
Non Government Organisation
|
|
|
Indian Institute of Foreign Trade (IIFT)
|
Detailed explanation-1: -In the late 1980s, the then deputy governor of Reserve Bank of India (RBI) Dr C Rangrajan implemented the concept of core banking in India. It formed a platform for facilities like telebanking, off-site ATM’s and customer terminal.
Detailed explanation-2: -The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then Indian capital, Calcutta.
Detailed explanation-3: -Examples of core banking are processing credit and loans, deposits, mortgages, etc. These services are made available to the customers by the banks through various channels like mobile banking, branches, internet banking, and ATM’s.
Detailed explanation-4: -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. You can do it from any location, any time.