Q. What is meant by CTS?
Answer: Cheque Truncation System
Notes: Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for quicker cheque clearance. As the term proposes, truncation is the course of discontinuing the flow of the physical cheque in its way of clearing.

This question is part of 40000+ General Studies MCQ Series Course on GKToday Android app. Question Number: 10 in 10. Application of Computers and IT in Various Fields in above course in App.