Multiple choice

Many Banks have adopted / launched Core Banking Solution (CBS). Core Banking Solution is _______

  1. a marketing strategy adopted by the Banks.

  2. a new type of ATM useful for rural population.

  3. a delivery channel for quick and fast delivery.

  4. a new product launched to help senior citizens only as they are not able to visit branches / ATMs frequently.

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Core Banking Solution (CBS) is a banking technology where all bank branches are connected to a central server, enabling real-time transactions. It is a delivery channel that allows customers to access banking services from any branch, providing fast and convenient service regardless of location. CBS is not a marketing strategy, a new ATM type, or a product for specific demographics.

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