Core Banking Service MCQs (CBS)- “Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam covering key postal rules, procedures, and current schemes. Ideal for quick revision and accurate self-assessment based on the latest syllabus.”
1.What is the primary purpose of Core Banking Services (CBS) in India Post?
A. Courier service optimization
B. Employee management
C. Centralized customer account management
D. Network planning
2.A CBS office refers to:
A. Branch Office without RICT
B. A Departmental PO on Finacle
C. Any office with broadband
D. GDS branch
3.The platform used by India Post to operate CBS functionalities is:
A. CSI
B. SAP
C. Finacle
D. RICT
4.The purpose of a Customer Information File (CIF) is to:
A. Store SMS preferences
B. Link a customer to a PO
C. Store and link multiple accounts of a customer
D. Hold only demographic details
5.The 8-digit code that uniquely identifies each CBS Post Office in Finacle is called:
A. CIF
B. Office Code
C. SOL ID
D. Finacle ID
6.What does the RICT device enable at Branch Offices?
A. Courier tracking
B. Offline postal booking
C. CBS transactions and syncing with central server
D. Printing of bulk mail
7.What is the role of a BO user?
A. Upload KYC in Finacle
B. Manage PLI transactions
C. Operate CBS via RICT device at BOs
D. Approve RD loans
8.Which document is preferably used for KYC in all account openings?
A. Driving License
B. Aadhaar
C. Passport
D. Ration Card
9.PAN becomes mandatory for which of the following?
A. All withdrawals
B. Cash deposits above ₹25,000
C. Cash deposits above ₹50,000
D. Only online transfers
10.How often must Re-KYC be completed according to CBS guidelines?
A. Every 2 years
B. Every 5 years
C. Every 10 years
D. Once at account opening only
