A) new naval patrolling vessel
B) name of the new anti HIV/AIDS drug
C) new standardized and enhanced new format of cheques
D) None of the above
Correct Answer: C
Solution :
'Cheque Truncation System' (CTS) or image based clearing system in India, is a project undertaken by RBI. For clearing of cheques CTS is basically an online image based cheque clearing system. Where images and magnetic ink character recognition data are captured at the collecting bank BR and transmitted electronically.
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