Short Term and Long Term Solutions

Comprehensive and Time consuming Process

is not fixed and can be changed

the person who issue the cheque

keeping the details of the check issued

Keep all the leaf of check book signed in advance to save time in furture

Do not mention the date while issuing the check

Do correction and overwriting in cheque

Overdraft is the facility Provided

Based on Credibity of the Customer

based on urgent need of the customer

Account Operated by Head of Family

Ensuring validity and correctness of the documents collected from customer

Banking System is needed

For strong financial system in any Country

Controling of black money circulation

free flow of currency in the economy

to rotate the fund from deposits to funding/borrowing

To have equal distribution of Income between poor and rich

BFSI - Basics of Banking

Authored by Kalpana Thakur

Financial Education

Professional Development

Used 5+ times

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25 questions

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MULTIPLE SELECT QUESTION

20 sec • 1 pt

Bank is Financial Institition that undertakes the banking activity

it accepts deposits

Lends Money

Charges Interest

Pays Interest

Facilitate Deposites

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Functions of RBI

Issuer of Currency

Bankers to Government

Locker Facility

Regulator of Financial System

Detection of Fake Currency

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Features of Commercial Bank-

financial institution that accepts deposits from the public

give loans

offers financial products and services

required to be registered under Banking Regulation Act, 1949

non-profit institution

MULTIPLE SELECT QUESTION

20 sec • 1 pt

Nationalized Bank

HDFC Bank

Bank of Baroda

Andhra Bank

Punjab National Bank

ICICI Bank

MULTIPLE SELECT QUESTION

20 sec • 1 pt

NBFC

registered under the Company Act, 2013

regulated by RBI

deals with infrastructure finance, leasing, housing finance, and venture capital finance

It offers interest rates higher than the ceiling rate prescribed by RBI

Provising loans without any security

MULTIPLE SELECT QUESTION

20 sec • 1 pt

current account

Standard

Premium

Foreign

Pension

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Identify Correct statement

foreign currency is converted to Indian rupees at the prevailing foreign exchange rates in NRE account

Income like rent, dividend, pension, etc. earned in outside India- NRO Account

Tax Deducted as Source on the income deposited in NRE account

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BFSI - Basics of Banking

Bank is Financial Institition that undertakes the banking activity

Functions of RBI

Features of Commercial Bank-

Nationalized Bank

NBFC

current account

Identify Correct statement

To increase the saving habit in your friend who is starting is new job,what will you suggest

Agricutural Loan

Mr. Ram is into the business of Tours and Travels service. He wants to buy Car for his business. He should Apply for which loan

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