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. The RBI can monitor all private bank transactions
D. Funds are credited to the beneficiary's account in real-time without manual intervention
Answer: Option D
Solution (By JKExamLibrary)
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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