In India, banks can undertake credit card business, either departmentally or through a subsidiary company set up for the purpose provided their net worth is of what amount?

AI & Data Science can be used in banks for which of the following? 1 identity thefts, customer profile, transaction history and GPS based check on the transaction to prevent fraudulent transactions 2 Predicting customer behavioral trends for strategizing the right marketing mix and customer delight. 3 Minimizing human error by identifying and predicting market trend, competition, customer creditworthiness, and customer loyalty 4 High precise trades on the market using a machine learning algorithm by reducing human errors, extending online credit based on digital transaction turnover.

Predominantly horizontally organized model is mostly ______ with common customer information for some products.

The Indian economy has witnessed an upswing due to the liberalization policy adopted by the planners in recent decades. Due to this, what change has come in the role of banks?

The two most traditional forms of making remittances used by the banks for making local payments and for remitting funds outstation in physical mode are 1) Demand draft 2) _____ cheque

Among others, which of the following are important components of due diligence in case of a loan application? 1 House visit to ensure residential address 2 Telephonic verification of the individual at the office/business phone numbers 3 Vetting of security documents by the bank's legal adviser 4 Visit to Housing Society office (where applicable) to ensure ownership, charges of other financers etc.

What are the key features of the nomination facility for deposit accounts, as provided in relevant rules / law ? A) The facility is available for all types of deposit accounts. B) Nomination can be made only in favour of adults. C) Nomination can be made in favour of minors. D) The right of the nominee to receive payment from the bank arises immediately after nomination.

What are the benefits of using the National Automated Clearing House (NACH) system? A) Faster payment processing compared to ECS. B) Hassle-free registration, payment, and collection processes. C) Improved customer service and smoother workflow. D) Lengthy processing time spread over 3-4 days.

Read the statements below and identify these, as True and False (T/F)? 1) Interest rates on Savings Bank Deposits up to Rs. 1 Lakh are determined by individual banks, while for any balance exceeding Rs. 1 Lakh, banks may offer differential rates of interest without discrimination. 2) If a low-risk individual customer does not possess any Officially Valid Document (OVD) as notified by the Government of India, a 'Small Account' may be opened for them based on self-attested photograph and signature or thumbprint. 3) BSBDA Small Accounts are subject to certain conditions, including that the aggregate of all withdrawals and transfers in a month does not exceed Rs. 10,000 while the aggregate of all credits in a financial year should not exceed Rs. 50,000.

A credit score is influenced by which of the following factors 1) payment history, 2) types of credit availed 3) length of credit held

What are the key features of the Co-Lending Model (CLM) as per RBI guidelines? A) Co-lending with all RBI registered NBFCs including Housing Finance Companies B) Eligible asset classes include all loans qualifying for Priority Sector Advances C) Bank's contribution must be at least 50% D) Pricing of underlying loans must align with regulatory directions on interest rates

Information collected from various sources is required to be classified, tabulated, and summarized for facilitating study and critical analysis. This is part of which principal function of MKIS?

The development of the banking sector India can be divided into 3 phases: 1) The Early Phase during the period from 1770 to 1969 2) The Nationalisation Phase during the period from 1969 to 1991 3) ____

What are the penal measures mentioned against willful defaulters in retail loans? A) No additional facilities granted to willful defaulters B) Initiation of criminal proceedings against willful defaulters C) Change of management of the wilfully defaulting borrower unit D) Inclusion of willful defaulters from serving on the board of borrowing companies

Read the statements below and identify these, as True and False (T/F)? 1) Banks should ensure that companies or firms opening current accounts do not have any credit facilities with any other bank/branch and if availed , bank will take steps as per the guidelines issued by RBI. 2) Savings Bank Accounts can only be opened by individuals who are legally capable of entering into a valid contract. 3) According to RBI directives, a Savings Bank account in the sole name of a minor can be opened and operated by the minor if they are 14 years and above.

Read the statement given below and mark these as True or False? 1) The MRR ensures that originating banks have a continuing stake in the performance of securitized assets to ensure proper due diligence. 2) Bullet repayment loans with a tenor of up to 24 months must maintain 10% of the book value of the loans being securitized. 3) The level of commitment by originators, can be reduced through hedging of credit risk or selling the retained interest. 4) The concept of a "bad bank" in India involves asset reconstruction companies buying bad loans from commercial banks at a discount to recover money from defaulters systematically.

A software or hardware which is capable of automatically doing things without any form of human intervention is called ____. A science involved in making machines that can mimic or even try to supersede human intelligence and behaviour is called ____.

For opening a current account by Charitable or Public Trust, which documents are required? 1) Registration certificate 2) Trust deed 3) OVD of authorized persons 4) consent letter from the persons who created the trust

Read the statements below and mark these as True or False? 1) Gross Profit is calculated by subtracting the Cost of Goods Sold (COGS) from total sales. 2) Net Profit is the income left over after all expenses, excluding taxes and interest, have been paid. 3) Profit is an absolute amount, while profitability is a relative measure. 4) Banks primarily earn profits from the interest earned on their assets, mainly loans and advances.

The network that facilitates ATM transaction services among all members participating in this network, is called?