A) A core banking term associated with the pragmatic difficulties arising out of a situation where excessive customer base development clubbed with lack of proportionate staff support.
B) Over dependence of a country on the World Bank and other international monetary institutions for all plan expenditure.
C) A situation where banks lead to a liquidation stage due to general recessive nature of an economy of the country where it has its base.
D) None of the above
Correct Answer: A
Solution :
[a] [d] Finacle is a core banking software package developed by Infosys, designed to address retail banking, wealth management, CRM, Islamic banking and treasury requirements of retail, corporate and universal banks. Finacle is used in 168 banks across 81 countries. The Finacle system allows banks to provide a number of products and services to its clients and operate internal process. These include: Core Banking, Operational Data Store, Mobile Bank-in-a-Box, Core Banking for Regional Rural Banks, Payments and Islamic Banking.
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