In the context of PFMS, the 'Core Banking Solution' (CBS) integration ensures that:
A. Tax collections are automatically deposited into the Consolidated Fund
B. Government departments can open bank accounts directly
C. Funds are credited to the beneficiary's account in real-time without manual intervention
D. The RBI can monitor all private bank transactions
Answer: Option C
Solution (By JKSSB Mock Tests)
CBS integration with PFMS ensures that once a payment instruction is processed, the funds are credited directly to the beneficiary's bank account in real-time, eliminating manual handling and delays.
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