{"id":33259,"date":"2024-04-15T09:13:57","date_gmt":"2024-04-15T09:13:57","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=33259"},"modified":"2024-04-15T09:13:57","modified_gmt":"2024-04-15T09:13:57","slug":"what-is-the-full-form-of-cbs","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/what-is-the-full-form-of-cbs\/","title":{"rendered":"What is the full form of CBS?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Core Banking Solution&#8221; option2=&#8221;Core Banking Software&#8221; option3=&#8221;Core Banking System&#8221; option4=&#8221;Core Banking Service&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>C. Core Banking System<\/strong><\/p>\n<p>A core banking system is a software system that provides core banking services to a financial institution. It is the central nervous system of a bank, and it handles all of the bank&#8217;s core banking functions, such as account opening, account maintenance, transaction processing, and reporting.<\/p>\n<p>A core banking system is typically a modular system, which means that it is made up of a number of different modules that can be customized to meet the specific needs of the bank. The modules typically include:<\/p>\n<ul>\n<li>Account management: This module handles all of the bank&#8217;s account-related functions, such as account opening, account maintenance, and transaction processing.<\/li>\n<li>Customer relationship management (CRM): This module helps the bank to manage its customer relationships by providing features such as customer segmentation, customer profiling, and customer contact management.<\/li>\n<li>Risk management: This module helps the bank to manage its risks by providing features such as fraud detection, credit scoring, and portfolio management.<\/li>\n<li>Financial reporting: This module helps the bank to generate financial reports, such as balance sheets, income statements, and cash flow statements.<\/li>\n<\/ul>\n<p>A core banking system is a critical part of any financial institution, and it is essential for the bank to choose a system that meets its specific needs.<\/p>\n<p>The other options are:<\/p>\n<ul>\n<li>A. Core Banking Solution: This is not the correct answer because a core banking solution is a software system that provides core banking services to a financial institution.<\/li>\n<li>B. Core Banking Software: This is not the correct answer because a core banking software is a software system that provides core banking services to a financial institution.<\/li>\n<li>D. Core Banking Service: This is not the correct answer because a core banking service is a service that provides core banking services to a financial institution.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Core Banking Solution&#8221; option2=&#8221;Core Banking Software&#8221; option3=&#8221;Core Banking System&#8221; option4=&#8221;Core Banking Service&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33259","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is the full form of CBS?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/what-is-the-full-form-of-cbs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is the full form of CBS?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Core Banking Solution&#8221; option2=&#8221;Core Banking Software&#8221; option3=&#8221;Core Banking System&#8221; option4=&#8221;Core Banking Service&#8221; correct=&#8221;option3&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/what-is-the-full-form-of-cbs\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T09:13:57+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What is the full form of CBS?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/what-is-the-full-form-of-cbs\/","og_locale":"en_US","og_type":"article","og_title":"What is the full form of CBS?","og_description":"[amp_mcq option1=&#8221;Core Banking Solution&#8221; option2=&#8221;Core Banking Software&#8221; option3=&#8221;Core Banking System&#8221; option4=&#8221;Core Banking Service&#8221; correct=&#8221;option3&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/what-is-the-full-form-of-cbs\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T09:13:57+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/what-is-the-full-form-of-cbs\/","url":"https:\/\/exam.pscnotes.com\/mcq\/what-is-the-full-form-of-cbs\/","name":"What is the full form of CBS?","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T09:13:57+00:00","dateModified":"2024-04-15T09:13:57+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/what-is-the-full-form-of-cbs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/what-is-the-full-form-of-cbs\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/what-is-the-full-form-of-cbs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Commerce","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/commerce\/"},{"@type":"ListItem","position":4,"name":"Banking and financial institutions","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/commerce\/banking-and-financial-institutions\/"},{"@type":"ListItem","position":5,"name":"What is the full form of CBS?"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/33259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=33259"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/33259\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=33259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=33259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=33259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}