In retail banking, which multiple customer groups are included 1) Individual customers, 2) Micro Small and Medium Enterprises (SMEs) 3) large corporates.

For loan approval in Retail Loans, most of the banks follow which approach which is in the form of a standardized template prepared for the borrower and usually items are checked off to see if a prospective borrower qualifies or not.

As regards PPIs for cross-border outward transactions, issuers can enable the facility of cross-border outward transactions with a per transaction limit not exceeding Rs.____ and per month limit shall not exceed Rs.____

5 parties are involved to a funds transfer transaction under NEFT System. These are 1) Sending Bank, 2) Sending Service Centre, 3) ______, 4) Receiving Service Centre 5) Beneficiary Branch.

To open a current account, the Partnership firm needs to submit which documents? 1) Registration certificate 2) Partnership deed 3) PAN 4) Tax returns of partners

What is meant by interest spread?

National Payments Corporation of India (NPCI) has been set up as an umbrella organisation for operating retail payments and settlement systems in India. NPCI has been promoted by whom?

Banks as well economy are getting the following benefits due to growth in Retails Assets:- A) Retail banking results in better yield/improved bottom line for a bank. B) Retail segment is Good Avenue for funds deployment. C) Consumer loans are presumed to be of lower risk and NPA perception. D) Helps economic revival of nation through increased production activity.

Which factors influence the quantum of loan for retail products? A) Relationship with the bank B) Purpose of the loan C) Monthly income D) Annual income

An FD is made for 5 years @ 7% per annum. After 3 years, the customer requests for premature withdrawal. The applicable ROI on the date of FD was 5% for a 3 years FD. The bank recovers a 0.5% premature penalty. What rate of interest is applicable?

The demarcation as a Strategic Business Unit, is what type of process wherein the business model is dealt as a modular strategy for achieving targeted profits with a provision to knockdown the module, if the retail plans are not translated as per the objectives.

Which is the name of the closed user group network which is nationwide communication backbone for banking and financial sectors?

All products mandatorily _____ through the product life cycle process.

As per RBI guidelines, banks should settle the claims in respect of deceased depositors and release payments to survivor(s)/ nominee(s) within how many days?

Class retail banking represents what?

Read the statements below and mark these as True or False? 1) Due to the increasing popularity of electronic payment systems, bank cheques are no longer the preferred remittance means for customers 2) The RBI is designated as the authority for the regulation and supervision of payment systems in India. 3): The National Payments Corporation of India (NPCI) was set up by the Indian Bank Association (IBA) without any involvement from the RBI. 4) NEFT transactions can only be performed during banking hours on weekdays.

Read the statements below and identify these, as True and False (T/F)? 1) The basic premises for developing niche credit schemes include customer need satisfaction and the business orientation of the bank. 2) All services offered by banks, excluding deposit and credit schemes, can be grouped into three categories: Remittances, Other Fee Based Services, and Non-Fund Based Business. 3) Concept Testing involves obtaining feedback from internal customers i.e. staff to evaluate their understanding and attractiveness of the proposed product concepts before its launch. 4) Idea Screening involves analyzing new product ideas based on criteria such as the need for the product, whether it fits into the bank's existing line of business, and its financial viability.

Credit information companies typically build scores using three historical data files 1) Defaults on previous credit transactions 2) Payment behavior/Payment history 3) ____

Read the statements below and mark these as True or False? 1 ) NACH is a decentralized system launched with the aim of consolidating multiple ECS systems running across the country. 2) NACH's Aadhaar Payment Bridge (APB) System has been instrumental in making the Direct Benefit Transfer scheme successful. 3) NACH processes are slower compared to ECS, with a spread of 3-4 days for the entire process.

The traditional money transfer solutions in B2B (business-to-business) and P2P (peer-to-peer) areas feature slow transfer times and high costs. The lack of standardization between these bodies and correspondent banks result in high costs, longer settlement periods. Which technology has the potential to solve these challenges by offering faster transaction times, more transparency, and lower costs, changing the money transfer equation.