The correct answer is: B. Centralised collection.
Concentration banking is a method of centralised cash management in which a company collects its cash from multiple locations and deposits it into a single account at a central bank. This allows the company to improve its cash flow and liquidity, and to reduce its costs.
A. Decentralised collection is a method of cash management in which a company collects its cash from multiple locations and deposits it into multiple accounts at different banks. This can be useful for companies that have operations in multiple countries, as it allows them to avoid currency exchange fees. However, it can also be more expensive and time-consuming than centralised collection.
C. Direct collection is a method of cash management in which a company collects its cash directly from its customers, without using a bank. This can be useful for companies that have a large number of small customers, as it can save them on bank fees. However, it can also be more risky, as the company is responsible for collecting and depositing the cash itself.
D. Payment only through cheques is a method of payment in which a customer pays for goods or services by writing a cheque. This is a traditional method of payment, but it is becoming less common as more and more people use electronic methods of payment, such as credit cards or debit cards.