Islamic isurance Takaful

islamic banking buyer money to produst-pay back mortgage transactions

microcredit- number of transcation is less
islamic banking law sharia
post independence, which bank was taken over by state bank of india imperial bank
if bank supports other parners on ongoing basis termed as permanent musharaka
murubaha sale contracts 2
IRDP Integrated Rural Devolpment program
business to business banking Wholesale banking
deflation can be seen by both reduce SLR and CRR
not source of credit SEBI
virtual banks financial service all of the above telephone,online,atm,mail
financial convergence near elimaination of the boundries
disadvantages of microfinance interset rate is high and market penatrationis very less. Both a nad b
Monetary policy controls by central bank
banking services between merchant and financial institution is known as wholesale banking
first islamic bank in 1963
not true about RRB - implement different rates of interestschem for weaker section
BROKERS purchased bank ratres at discount and transfer them back to issuing bank for redemption.
not advantage of service area approach - Interst rate is very low
bank manager acting for shareholders,-- EFFECT OF LEVERGED and Limited liability of shareholders
Virtual bank offers, ATM, internet, telebanking
liberalization and globalization has played important role in consolidation
asset management of wealthy clients is private bank
features of recurring deposit regular saving, deposit at regular interval,regular saving habit all of the above
payment system plays major role in naion financial stability
not non financial parameter considerded under credit appresal attitude
netting techniques bankruptcy close out netting
Pledge not true all the above
importance of payment system all the above
highest iterest rate payday loan
not pillar of credit assessment excersise responsbility
4's reputation, remuneration, repayment, relationship
lien and pledge both lien and pledge has to take care of security of goods
partial redemption one od the mortages cannot redeem - true
FOREX mechanism net settlement at closure period
payment system definition set of instructions, rules and procedures for transfer of funds among the particpants
failure of mortgagar to repay the money borrwed on due date foreclosure
buliding blocks of payment system rules, instrument,procedure all the above
transfer of funds from one bank to anotbher RTGS
Match the folowing Deffered Revenue -liability that gets converted to an asses
Deffered expenses treated as an asset
Accurals matched to date before the transcations
Deferrals -matched to date after the transcations
General ledger book maintained by bank for maintaining all accounts
many users need financial information to calculate tax liability true
Computer 840,400,440 (asses = liability +equity)
finDNA launch by TCS soultion for Anti Money Laundering (AML)
accounts are classfied as asset or liability false (ac are classified as real, nominal,internal)
nominal accoutn consists of different types of expenses, incomes, profit and loss
merchant banking activities do not include complaince mgt (mergers, acquistion,underwrintin,securitzation)
highly configurable and flexible with adv detection tech to track and spfit out frudant tanscation Anit Money Laundering
key trend s of back office (none of the above ) ( back office otsourcing , exploring od avanues and integratin and centraziliation)
business transcation two aspects debit and credit
non reason for formation of NAP ARC -(bad lending ,banking cries,overhang,incremental component)
constitution of bank regulate bank note, maintain reserves, operate credit and currency system.(all the above)
bank deals only with cash transcation false (cash and tranasfer)
future stragetic review chairmen or CEO review
ethical banks are one of the type of Retail bank
accurals take into accoutn and revenue to be matched ______________ the transcation has been recorded (Before)
RBI Functions Issue of currency and foreign exchenge rates
highly configurable and flexible with adv detection tech to track and spfit out frudant tanscation Anit Money Laundering
key trend s of back office (none of the above ) ( back office otsourcing , exploring od avanues and integratin and centraziliation)
not repercussion of NPL Bankers may begin charging lower interest rate (actual is depositors do not.., bank may begis to charge higher interest rate)
match the following
Securitratin liquid asset
data mining tools answer the queations
Basel 2 fforward looking approach
IT RAD
ACH Automated Clearing House
for those customers who makes several deposits and withdrawals in one single day Current Account
nomura and goldman USA are private investment banks
general ledger updated on daily basis
barter system goods are exchanged for goods
true or flase ledger is collection of debit false (collection of ac, debit and credit)
B2B busines to Business wholesale banking
Early 2000 BC, _________ temples provided loan from their treasuries Babylonian
not global leaders of NPL noe of the above (icici, merilli, shinsei)
islamic economic order halal and haram , wealth judiciously and Zakat
SIPS Systematically Important Payment system
it is the amount (%) which bank can maintain in form of cah , gold or gov securties SLR
after accepting the recommendations of the_________ committee the govt passed th regional rule banks 1976 Narasimham
margin and securitization packages both are false
factos for retils sectors wider distribution network , low cost of funding , large portfolio of financial products - so only stmt 1 , 2, and 3 only
__________ is process of transmitting , reconciling and in some cses confirming payment orders or security transfer prior to __________ (clearing and settlement )
Low or no axation bank is OFFSHORE ABNK
income and expenses ac have to match at end of the day true
interest rate is directly propotional to the length of deposit and inversely proposenal to ease of deposit
first to issue permaently circulating the note bank of Engaland
features of open market operation each time it buys securties it raises money supply
asset can be classified as two types true
first joint stock of company called general bank of india 1786
__________ account , one may write not more then three checks favoring third parties in month MMDA Money Market Deposit Accoutnt
not major functions of NABARD shared infrastructures (credir plan, financial service, supervision and promotion development
balance sheet is the statement which reflect financial position of the abnk as of particular date.
MiFID Market in Financial Instruments Directive
_________ and RHB teamped up to launch Islamic Malaysia Index '- Dow Jones
it is the amount (%) which bank can maintain in form of cah , gold or gov securties SLR
after accepting the recommendations of the_________ committee the govt passed th regional rule banks 1976 Narasimham
product based banking structure does not include __________ Corporate operations
written of as uncollectable charge off
movable asset charged to bank, does not have legal ownership is knows as pledge
any mortgager has right to enjoy hold of property, as he was entitled before the mortgage, prevented\restricted is know is CLOG
37. An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans.
38
39 rbi as manager of foreign exchange. 2. issuer of currency rbi
retail system handkes large volume of releative low volume payments
there is no bar in the number of years in LIEN securties
not a retail bank - offshore
purchasing a computer is business transcation - ture
goods are created with bank finance ___________ (PRIMARY) and addition asset of borrwoer ________(COLLATERAL)
not service under wholesale banking - savings acc
the risk party will be able to meet the financial obligions within the settlement time or not is called as LIQUIDITY RISK
optimization routines used in RTGS - 1)determine the number of queued payments 2) settle a group of payments simultensiously
demand drafts is knowns as SHARE DRAFT ACCOUNTS IN United States Credit Union.
benefits of depositors - quick safety,record keeping
not repercussion of NPL Bankers may begin charging lower interest rate (actual is depositors do not.., bank may begis to charge higher interest rate)
after accepting the recommendations of the_________ committee the govt passed th regional rule banks 1976 Narasimham
factos for retils sectors wider distribution network , low cost of funding , large portfolio of financial products - so only stmt 1 , 2, and 3 only
__________ is process of transmitting , reconciling and in some cses confirming payment orders or security transfer prior to __________ (clearing and settlement )
__________ account , one may write not more then three checks favoring third parties in month MMDA Money Market Deposit Accoutnt
not major functions of NABARD shared infrastructures (credir plan, financial service, supervision and promotion development
after accepting the recommendations of the_________ committee the govt passed th regional rule banks 1976 Narasimham
any mortgager has right to enjoy hold of property, as he was entitled before the mortgage, prevented\restricted is know is CLOG
37. An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans.
goods are created with bank finance ___________ (PRIMARY) and addition asset of borrwoer ________(COLLATERAL)
optimization routines used in RTGS - 1)determine the number of queued payments 2) settle a group of payments simultensiously
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