2.Which of the following options is NOT a benefit of migration to alternate channels by banks?

Migration to alternate channels has resulted in less crowd at branches 1.According to the data available at banks, around 60-65 percent of the transactions related to cash withdrawals and deposits are done through which mode of banking?ATM 3.Consider the following statements: Statement A: A transaction password and ATM or debit card to transfer funds Statement B: A Personal Identification Number (PIN) Which of the preceding statements is a requirement for Internet banking? Statement B is true but statement A is false 4.Ramesh is a farmer and stays in a village. He cannot read and write. He has a savings account, but he wants banking facilities at his doorstep. What kind of banking account innovation can help him? 3 in 1 trading accounts 5.Mr. Rohit is a commercial pilot with an airline. His annual salary package is 60 lakhs. He sends a draft of Rs. 5 lakhs every six months for his sons studies. He is looking for a bank account that offers him various facilities, such as online buying and selling of MFs, online viewing of portfolio, investment opportunities, loan facilities, DeMat accounts, free inward remittances, free net card for online shopping, free Demand Draft (DD) up to Rs. five lakhs and home banking. What kind of account do you think will suit his needs? Union super salary account 6.Which of the following aspects has enabled banks and other organisations to evolve new products? Availability of various investment options in the market 7.Which scheme offers service to US based clients to open accounts in India and Indian clients to open accounts in US? Remittance of funds 9.Consider the following statements: Statement A: An Indian citizen who holds valid passport Statement B: A person who stays abroad for an indefinite period for business or vocation purposes Which of the preceding statement is true with reference to NRIs? Statement B is true but Statement A is false 8.Consider the following statements: Statement A: An account similar to a domestic savings account Statement B: An account opened as FDs ranging from six months to three years Which of the preceding statement is true with regards to foreign currency non resident accounts? Both Statements are true 11.If you have to do frequent money transactions, on daily basis, what kind of banking account will you prefer? Savings account

10. Which of the following accounts has a restriction on the number of transactions but helps to make regular payments without using cash? Savings account 12.Mr. Rahim has planned to buy a new car and his loan has been approved by ABC Bank, whereas he has his salary account with XYZ Bank. The bank has given him different options to repay the bill. He wants to pay the EMI without taking the trouble of having to go to the bank every month to make the payment or having to give instructions to the bank every month. Given the preceding conditions, Mr. Rahim should go for which of the following options to repay the loan? Auto debit 13.Sohail has his salary account in ABC Bank. He has applied for a loan from the same bank. Since Sohail travels a lot, he has requested the bank executive to advise him regarding the best option for repayment of the loan. Which of the following options should the bank official advice? EFT 14. Which of the following options is NOT a feature of retail loan? There are secured and unsecured loans 15. Unemployment comes under which of the following categories of risk? Financial risk 16. Which of the following type of hazards are losses that result from act of dishonesty? Morale hazard 18. A city in Japan encountered earthquake in two consecutive years resulting in the loss of thousands of lives. How would you categorize such risks? Dynamic risk 17. Mr. Banerjee is in his early 40s. He is very fearful of driving on the roads of Delhi. Therefore, as a precaution, he always wears a helmet. Which of the following categories of risk control holds true for him? Risk avoidance Manish wants to invest his money in a long-term scheme. However, he wishes to take additional benefits from the scheme, such as if he is unable to work due to total and permanent disability due to accident and fails to give premiums, his policy premiums should be waived off and the policy benefits are preserved. What should he do? Invest in Term Life Insurance policy 21.What is the role of AMC in the structure of Mutual Funds? Ensures that the activities of AMC are in accordance with the SEBI regulations. 20. Which of the following features is NOT true in case of Mutual Funds? Diversification 23. Consider the following statements: Statement A: Systematic Withdrawal Plan (SWP) is a combination of Switch and SIP. We can instruct a particular amount to be switched from one scheme to another on a particular date of every month. Statement B: Systematic Transfer Plan (STP) is helpful when one has a lump sum amount to be invested and requires periodic payment. Which of the preceding statement is true for the different types of transactions involved in Mutual Funds? Statement B is true but Statement A is false 22. Ajay wants to invest his money in such a scheme, which would in turn invest a small portion of his money in equity and a major portion in debt. The scheme should also enable him to choose monthly dividends. Identify the scheme where he should invest.? Equity fund

Ramesh was holding many securities meant for long-term in his DP account. However, he got a job in USA and wanted to settle down there. He knew that he would not have enough time to operate his DP account from there, he decided to close his account but carry all the securities in physical form with him, so that he can sell them at the time of his retirement. Which of the following process would make this possible for him? Rematerialization process 25.Which of the following options is true in case of depositories? Facilitates safekeeping of money 19.Ratan had bought a new motorcycle for Rs. 50000 and insured it by buying an insurance policy. This policy did not allow him to recover any profits that he might make from an insured event. Due to a fire in his offices parking, his bike was burnt. He got a financial compensation from his insurance company, which was the actual amount of loss not exceeding the amount of the policy. This way he was placed at the same financial condition as before, without causing any profit or loss. Which of the principles of insurance does this refer to? Indemnity Ramesh wanted to open a DP account. He provided electricity bills, passport and bank passbook along with the opening form. However, his account could not be opened. Identify the problem? He needs only one address proof Ms. Reema is shopping at a mall. She is not carrying cash with her and she is in a hurry. Which of the following alternate channel of banking suits her need? Point of Sale terminal