Correct answer: (a) 1 only
Explanation
- A
1 only
Statement 1 only. Core Banking Solution networks a bank’s branches on a central server so a customer can transact from any networked branch, ATM or channel regardless of the home branch. Statements 2 and 3 describe RBI control and NPA takeovers, which are not CBS. That stored letter is the official key.
- B
2 and 3 only
2 and 3 only. Computerisation is not a device to increase RBI’s statutory control, and CBS is not a bank-resolution procedure. This letter is not the key.
- C
1 and 3 only
1 and 3 only. Statement 1 is CBS; statement 3 is amalgamation/resolution, not CBS. This pairing is not the key.
- D
1, 2 and 3
All three. Because 2 and 3 are false descriptions, all three cannot be the key.
Summary. Official key is (a) 1 only. CBS is branch networking and anywhere-banking on a core system, not an RBI-control project and not an NPA takeover code. Honour the stored letter (a).
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