Major benefits of Centralised Business Solutions or Core Banking Solutions (CBS) include which of the following?A. It enables centralised management information and decision support.B. It standardizses branch automation software using single version.C. It attracts low cost initially.D. It relieves branches of jobs like data backup, MIS generation, etc.a)A, B and D onlyb)A, C and D onlyc)B, C and D onlyd)A and B onlye)C and D onlyCorrect answer is option 'A'. Can you explain this answer?

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Major benefits of Centralised Business Solutions or Core Banking Solutions (CBS) include which of the following?

A. It enables centralised management information and decision support.

B. It standardizses branch automation software using single version.

C. It attracts low cost initially.

D. It relieves branches of jobs like data backup, MIS generation, etc.

a)
A, B and D only
b)
A, C and D only
c)
B, C and D only
d)
A and B only
e)
C and D only

Correct answer is option 'A'. Can you explain this answer?

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Major benefits of Centralised Business Solutions or Core Banking Solu...

Benefits of Centralised Business Solutions:

Unbiased allocation of work
Standardisation of work
Area of specialisation
Replication of work
Flexibility
Higher compliance level etc.

Answered by Notes Wala · View profile

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Major benefits of Centralised Business Solutions or Core Banking Solutions (CBS) include which of the following?A. It enables centralised management information and decision support.B. It standardizses branch automation software using single version.C. It attracts low cost initially.D. It relieves branches of jobs like data backup, MIS generation, etc.a)A, B and D onlyb)A, C and D onlyc)B, C and D onlyd)A and B onlye)C and D onlyCorrect answer is option 'A'. Can you explain this answer?

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