For Citizens of Bangladesh or Pakistan Belonging to Minority Communities, the AD may open ____ Account for such person residing in India and granted a Long Term Visa (LTV) by the Central Government.

Which of the following are the advantages to the lessee in case of a lease transaction? 1 Use of asset without incurring the capital cost, thus saving on cost of capital. 2 Lease rentals are business expense, reducing profits and reducing taxation. 3 Since there is no capital cost, this does not impact the liability side of the balance sheet. 4 Ownership of the asset is held with the lessor

In case any difficulty is faced due to reluctance of the police to receive monthly consolidated statement/ FIRS, the matter may be sorted out by the ____ with the police authority designated to coordinate these matters.

The change in members of a company does not affect the existence or identity of company. This is because, the company?

Which of the following statements are True or False? 1 Moneylenders are not bankers, because they run their business as individuals or groups of individuals and not as a company registered under Companies Act and BR Act. 2 An institution accepting deposits of money with a purpose other than lending or investment is termed as a bank. 3 Deposits of money may be repayable either on demand or on the expiry of the stipulated term or period. 4 The deposits may be withdrawable by the customers by cheque, draft, order or otherwise.

If a walk-in customer carries out a transaction or series of connected transactions valuing over Rs. ____, customer identification procedure (CIP) is mandatory.

As per recommendations of RBI's Working Group on Information Security, Electronic Banking, Technology Risk Management and Tackling Cyber Fraud, in order to reduce the likelihood of a serious business impact. banks are required to have which of the following in place ?

In case of advance against stocks, a healthy turnover in the stocks is indicative of their ___ marketability and the stagnation, shows that the goods and commodities may not be __ marketable?

In Foreign Currency (Non-resident) Account (Banks) Scheme – FCNR (B) Account, rate of Overnight Alternative Reference Rate for the respective currency/ Swap rates quoted / is used, as displayed by

Banks are protecting their assets in various ways from cyber threats by deploying some common tools/measures. This included SIEM. What is full form of SIEM?

RBI has permitted banks to use digital channel for onboarding a customer which is called ‘Video based Customer Identification Process (V-CIP)’. Banks can use V-CIP for which of the following purposes: 1 When on-boarding new customer, for individual customers, proprietor, authorised signatories and Beneficial Owners. 2 For conversion of accounts opened in non-face to face mode by OTP based Aadhaar e-KYC. 3 when conducting credit appraisal for personal loans 4 Updation/Periodic updation of KYC for eligible customers.

Firm Z's holding period for raw material is 25 days, conversion period is 7 days, finished goods holding period is 23 days and credit period extended to buyers is 35 days. The credit available to them from their suppliers is for 15 days. What is the operating cycle period as per the operating cycle method for working capital assessment?

Which reality alters one’s ongoing perception of a real-world environment and which reality completely replaces the user’s real-world environment with a simulated one.

The powers of Enforcement Directorate (ED) include which of the following? 1) investigation 2) prosecuting 3) tracking 4) attaching assets related to money laundering

Which of the following features of FEMA 1999, is correct? 1 Objective of FEMA is to facilitate external trade and payments. 2 Under FEMA, the transactions in foreign exchange should be made through an Authorized Dealers only. 3 Foreign exchange transactions under the current account can be restricted by the Central government 4 RBI is empowered by FEMA to subject the capital account transactions to a number of restrictions.

Firm Z had submitted 6 bids of equal amount, valued at Rs.60 cr for award of contract. It expects to get contracts for 4 bids out of total 6 bids. It will need to submit a bank guarantee @ 20% of allotted contracts to assure performance of these contracts by Firm Z. What shall be the value of the bank guarantee and what type of guarantee shall be issued.

Disaster can happen due to various factors. Which of the following are internal factors? 1 Disaster due to communication/ connectivity failure 2 Disaster due to lack of data 3 Failure of regular data backup and verification of backed up data periodically 4 Use of unauthorised programmes to access data

Which are the advantages of goods as security? 1 Goods have a ready market and as such can be easily sold, unlike other kinds of security. 2 Valuation of the goods can be easily done. 3 The banker gets a tangible form of security compared to unsecured advances, which in case of default by the borrower, can be realised by sale of pledged goods. 4 Advances against goods are normally given for short periods and therefore the risk of the banker is considerably reduced.

If a firm’s registration is not done, the firm or any other person on its behalf cannot file a suit 1) against a third party 2) against any partner of the firm, for breach of contract which the firm has entered into.

What is the maximum amount of balance that a minor’s account can have?