Multiple choice

Which of the following countries has the largest cheques truncation facility in Asia?

  1. China

  2. India

  3. Sri Lanka

  4. Myanmar

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India has the largest cheque truncation facility in Asia, powered by the Cheque Truncation System (CTS) implemented by RBI. CTS eliminates physical movement of cheques, speeds up clearing cycles, and has been implemented across major Indian cities, making it the largest such system in the Asian continent.