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The term ‘Core Banking Solution’ is sometimes such in the news. Which of the following statements best describes/describe this term?1. It is a networking of a bank’s branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.2. It is an effort to increase RBI’s control over commercial banks through computerization.3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.Select the correct answer using the code given below:a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The term ‘Core Banking Solution’ is sometimes such in the news. Which of the following statements best describes/describe this term?1. It is a networking of a bank’s branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.2. It is an effort to increase RBI’s control over commercial banks through computerization.3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.Select the correct answer using the code given below:a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term ‘Core Banking Solution’ is sometimes such in the news. Which of the following statements best describes/describe this term?1. It is a networking of a bank’s branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.2. It is an effort to increase RBI’s control over commercial banks through computerization.3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.Select the correct answer using the code given below:a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.

Solutions for The term ‘Core Banking Solution’ is sometimes such in the news. Which of the following statements best describes/describe this term?1. It is a networking of a bank’s branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.2. It is an effort to increase RBI’s control over commercial banks through computerization.3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.Select the correct answer using the code given below:a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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