Answer: C. accounts which are generally held with a foreign bank on behalf of a domestic bank Nostro in Latin literally means 'ours'. Hence, Nostro account points at - "Our account with you". Take for example a bank in India, say Bank of Maharashtra (BoM), gets a lot many remittances and trade related money sent … Continue reading Q. What is NOSTRO account?
Answer: B. ICICI Bank ICICI bank had the key role in concluding the biggest asset resolution in India with the consummation of the Rs. 16,189 crore takeover of Jaypee Cements by Ultratech. Learn more: Bankers Pull Off Largest Asset Resolution With UltraTech-JP Cement Deal If you like our work please share our Facebook page with your … Continue reading Q. Which of the following bank had the key role in concluding the biggest asset resolution in India with the consummation of the Rs. 16,189 crore takeover of Jaypee Cements by Ultratech?
Answer: D. Banks can accept both demand and time deposits from public Let us first understand the time and demand deposits. Time deposits are the sum of money banks accept for a fixed term (say, for 1 year, 3 years or 5 years.) and can be withdrawn only after the term expires or at the … Continue reading Q. Which of the following statements is true? A. Banks cannot accept demand and time deposits from public B. Banks can accept only demand deposits from public C. Banks can accept demand and time deposits only from government D. Banks can accept both demand and time deposits from public
Answer: D. All are Economics term Exogenous: In an economic model, an exogenous change is one that comes from outside the model and is unexplained by the model. Depreciation: In economics, depreciation is the gradual decrease in the economic value of the capital stock of a firm, nation or other entity, either through physical depreciation, … Continue reading Q. Which of the following terms is not used in Economics? A. Exogenous B. Depreciation C. Deep Market D. All are Economics term
Answer: C. Digital Wallet Digital Wallet software is developed using the Electronic Commerce Modeling Language (ECML) technology to import customer information from digital wallet to checkout form. Electronic Commerce Modeling Language is a protocol that dictates how online retailers structure and set up their checkout forms. It is formatted using XML tags. It is a … Continue reading Q. ECML technology is used in which of the following banking products/services? A. Home Loans B. Foreign Exchange Services C. Digital Wallet D. Internet Banking
Answer: D. Stare decisis Except "Stare decisis" which is a legal term, all are used in banking and finance. Capital gain: Any profit or gain that arises from the sale of a ‘capital asset’ is a capital gain. Blue Chip, often referred as Blue Chip Stocks, are the shares of very large and well-recognised companies … Continue reading Q. Which of the following terms is not used in banking and Finance? A. Capital gain B. Blue Chip C. Market risk D. Stare decisis
Answer: B. 1963 The first and the foremost mutual fund of India, UTI, was established in 1963 by an act of parliament, known as UTI Act 1963. Learn more: Unit Trust of India From Wikipedia, the free encyclopedia If you like our work please share our Facebook page with your classmates. You can also subscribe to get … Continue reading The first and the foremost mutual fund of India, UTI, was established in
Answer: C. SEBI The business of Mutual Funds in India is regulated by the Securities & Exchange Board of India (SEBI). SEBI (Mutual Funds) Regulations, 1996 and certain other guidelines have been issued by SEBI that sets uniform standards for all mutual funds in India. Mutual funds, either promoted by public or by private sector … Continue reading Q. Which of the following agencies is associated with the business of mutual fund sector as a regulator?
Answer: D. All of the above An Interest Rate Swap (IRS) is a financial contract between two parties exchanging or swapping a stream of interest payments for a 'notional principal' amount on multiple occasions during a specified period. Such contracts generally involve an exchange of a 'fixed to floating' or 'floating to floating' rates of interest. … Continue reading Q. What is/are the RBI Guideline(s) for the development of Internet Rate Swaps?
Answer: C. I and III In December 2010, the Basel committee introduced liquidity standards as a part of the Basel III capital regime, including the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR). The effect was to increase banks’ short- and long-term resilience. The LCR addresses whether banks have adequate high-quality assets to … Continue reading Basel III introduced two required liquidity ratios. Choose from the options given below