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     EduGorilla 
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    The term ‘Core Banking Solutions’ is sometimesseen in the news. Which of the following statementsbest describes/describe this term?

    1. It is a networking of a bank’s branches whichenables customers to operate their accountsfrom any branch of the bank on its networkregardless of where they open their accounts.

    2. It is an effort to increase RBI’s control overcommercial banks through computerization.

    3. It is a detailed procedure by which a bank with huge non-performing assets is taken over byanother bank.

    Select the correct answer using the code givenbelow

    Options :-

    1. 1 only

    2. 2 and 3 only

    3. 1, 2 and 3

    4. 1 and 3 only

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