Description : In Electronic cash payment a. a debit card payment system is used b. a customer buys several electronic coins which are digitally signed by coin issuing bank c. a credit card payment system is used d. RSA cryptography is used in the transactions
Last Answer : b. a customer buys several electronic coins which are digitally signed by coin issuing bank
Description : What is a best practice for the cardholder to reconcile and approve statement of accoun within how many days of billing cycle end datet?
Last Answer : Need answer
Description : In case of failed ATM transactions, if the amount is not credited to customer‟s account within 7 working days from the date of receipt of the complaint. Banks have to pay compensation at the rate of Rs.________ per day. A. 150 B. 200 C. 100 D. 10 E. 50
Last Answer : C. 100 Explanation: Reconciliation of failed transactions at ATMs – For any failure to re-credit the customer‘s account within 7 working days from the date of receipt of the complaint, the bank will pay compensation of Rs.100/-, per day, to the aggrieved customer.
Description : Reverse Repo transaction means (a) Sale of securities by the holder to the investor with the agreement to purchase them at a predetermined rate and date (b) Sale or purchase of securities by the ... of securities by the holder to the investor with the agreement to purchase them at market driven rate
Last Answer : (b) Sale or purchase of securities by the holder to the investor with the commitment to sell or purchase them at a predetermined rate and date
Description : Repo transaction means (a) Sale of securities by the bolder to the investor with the agreement to purchase them at a predetermined rate and date. (b) Sale of securities by the holder to the ... of securities by the holder to the investor with the agreement to purchase them at market driven rate.
Last Answer : (a) Sale of securities by the bolder to the investor with the agreement to purchase them at a predetermined rate and date.
Description : If an exporter is doubtful about an issuing bank's ability to pay, he will expect a domestic bank to join the transaction in a _____ letter of credit. A. revolving B. irrevocable C. revocable D. unconfirmed E. confirmed
Last Answer : E. confirmed
Description : Dispute Fraudulent Bank Transaction?
Last Answer : Get StartedThis letter provides notice to the bank that there is unauthorized activity on your account and that you should not be held responsible for those charges. Generally, you must report possible ... that were not authorized, then you should dispute them by sending this letter to the bank.
Description : Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b ... amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above
Last Answer : d) All the above
Description : When an account holder is making a purchase with the purchase account over the phone. When completing this transaction the account holder is responsible for all of the following tasks EXCEPT?
Last Answer : Happy
Description : When After you finish a cardholder account setup how can you check the status of your request?
Last Answer : d
Description : In the event of policy holder committing suicide a) The full maturity benefit will be paid b) No claim will be entertained in suicide cases c) Within two year from the date of policy, the policy ... treated as void and no claim will be entertained d) The premium will be returned a/w SB interest
Last Answer : c) Within two year from the date of policy, the policy will be treated as void and no claim will be entertained
Description : Article addressed to deceased person a) Delivery such articles to any near relative of the deceased who may have applied for them in case uninsured article. b) Delivery such articles to any near relative ... applied for them in case no counter -claimant or likelihood of dispute. d) All the above
Description : Under Liberalised Remittance Scheme, PAN card need not be insisted upon for remittance made towards permissible current account transactions up to __________ A. USD 25,000 B. USD 20,000 C. USD 15,000 D. USD 10,000 E. None of the Above
Last Answer : A. USD 25,000 Explanation: PAN card need not be insisted upon for remittance made towards permissible current account transactions up to USD 25,000 per financial year.
Description : If the proclaimed person does not appear within the time specified in the proclamation a) The property under the attachment shall be at the disposal of the state Govt. b) The property shall not ... be sold until objection made under sec 84 has not been disposed. e) All the above
Last Answer : e) All the above
Description : An auditor should design the written audit program so that a. All material transactions will be selected for substantive testing. b. Substantive tests prior to the balance sheet date ... controls or tests of transactions. d. The audit procedures selected will achieve specific audit objectives
Last Answer : The audit procedures selected will achieve specific audit objectives
Description : An auditor should design a written audit program so that: a. All material transactions will be selected for substantive testing. b. Substantive tests prior to the balance sheet date will be minimized ... . d. Each account balance will be tested under either tests of controls or tests of transactions
Description : For the purpose of attracting the provisions of section 138 of the Negotiable Instruments Act, 1881, a cheque has to be presented to the bank A. Within a period of six months B. Within a period of six ... . Within a period of 15 days from the date on which it is drawn D. None of the above.
Last Answer : B. Within a period of six months from the date on which it is drawn or within the period of its validity, whichever is earlier
Description : Pass Book is _________ of account holders transactions with bank.
Last Answer : Pass Book is _________ of account holders transactions with bank. (a) an extract (b) balance sheet (c) balance (d) mode
Description : B) CaixaBank Explanation: As per the agreement, they will expand banks guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local ... finance and export credit agency finance, infrastructure finance and networking services, among others.
Last Answer : Recently an Indian bank launched next generation features on its app „iMobile‟ which will enable customers to instantly pay taxes and book railway tickets within the app. Name the bank. A) Federal Bank B) Punjab National Bank C) Kotak Mahindra Bank D) ICICI Bank E) Bandhan Bank
Description : A bailment for the sole benefit of a bailer usually results in ------------ a) Borrowing /lending transactions b) Spring transaction c) Declarative transaction d) Autonomous transaction
Last Answer : a) Borrowing /lending transactions
Description : When a transaction is processed online, how can the merchant verify the customer's identity? a. use secure sockets layers b. use secure electronic transactions c. use electronic data interchange d. use financial electronic data interchange
Last Answer : b. use secure electronic transactions
Description : Strategic planning: (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time. (b) Involves managers in each unit of ... overall plans of the organization. (d) Determines the day-to-day operations within an organization.
Last Answer : (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time.
Description : ________ is a temporary pass through account held by a third party during the process of a transaction between two parties. A. Savings Bank Account B. Current Account C. Deposit Account D. Escrow Account E. None of the Above
Last Answer : D. Escrow Account Explanation: Escrow Account: Account in which funds are accumulated for specific disbursements. It is a temporary pass through account held by a third party during the process of a transaction between two parties.
Description : World Bank provides loan to the member country: A. From own funds B. From Borrowings C. By Gurantee D. By issuing the dollars E. From (A), (B) and (C)
Last Answer : E. From (A), (B) and (C)
Description : How does a commercial bank create money (a) By printing money ; (b) By lending a part of its deposits ; (c) By issuing ATM cards (d) Accepting deposits
Last Answer : (b) By lending a part of its deposits ;
Description : Premature encashment of NSC (VIII) will be made a) In case of death of the holder or any of the holder in case of joint account b) On forfeiture by pledgee being Gazetted Government Officer. c) When ordered by a court of law d) Both A, B and C
Last Answer : d) Both A, B and C
Description : What tasks are available for the cardholder in the approval process?
Last Answer : What is the answer ?
Description : What is the cardholder responsibllity in the GPC Program?
Description : What must the cardholder do to become qualified to make gpc purchases up to $25 000 outside the us?
Last Answer : ?
Description : When you are in dispute with your wife on some family issues but realize that she has adequate reasoning in those matters, then how would you like to solve these disputes? Options: A) ... physically and mentally D) You try to solve the dispute within reasonable limits before it aggravates
Last Answer : D) You try to solve the dispute within reasonable limits before it aggravates
Description : Mark the correct option relating to Protected saving scheme a) Twenty four months have been elapsed from the date of opening the account and during the said period all the month installments have been paid ... The claim applied for within one year of the death of the depositor e) All the above
Description : Which of the following transactions is included in the current account balance of the Balance of payments statement? (a) Foreign direct investments. ; (b) Portfolio investments.; (c) External commercial borrowings. ; (d) Dividends earned on portfolio investments
Last Answer : (d) Dividends earned on portfolio investments
Description : How do I go about correcting a dispute on my credit score after being the victim of a stolen credit card?
Last Answer : Keep any and all police records you may have. Send this directly to the credit breaua. Stay on top of them about this situation and it will be handles accordingly.
Description : An appeal filed before the State commission or the national commission shall be heard as expeditiously as possible and an endeavour shall be made to finally dispose of the appeal within the period of a) ... 30 days from the date of admission d) 90 days from the date of admission the complaint
Last Answer : a) 90 days from the date of admission
Description : Every complaint shall be heard as expeditiously as possible and endeavour shall be made to decide the complaint within a period of ____from the date of receipt of notice by opposite party where the complaint does not require ... 5 months b) 45 days, 90 days c) 30 days, 90 days d) None of these
Last Answer : a) 3 Months, 5 months
Description : The credit terms offered to a customer by a business firm are 2/10, n/30, which means that a. the customer must pay the bill within 10 days. b. the customer can deduct a 2% discount if the ... date. d. two sales returns can be made within 10 days of the invoice date and no returns thereafter.
Last Answer : c. the customer can deduct a 2% discount if the bill is paid within 10 days of the invoice date.
Description : If the claim does not exceed Rs. 1,00,000, the claimant should be asked to submit an application duly completed to the authorities mentioned below who are competent to sanction claims without production of legal ... director, Director GPO is Rs 75000/- d) CPMG/PMG Rs 10000/- e) All the above
Description : In the following cases transfer is permissible even before the expiry of one year from the date of issue of the certificate a) To a near relative out of natural love and affection b) In the name of the ... of the survivor in the event of the death of one of the joint holders d) All the above
Description : A certificate may be transferred from one person to another after the expiry of ____ year from the date of issue of the certificate on the holder making an application in the prescribed form___ a) 1 year, NC 12 b) 2 year, NC 34 c) 1 year,NC 32 d) 1 year, NC 34
Last Answer : d) 1 year, NC 34
Description : Derivatives contract which gives the buyer/holder of the contract the right(but not the obligation) to buy/sell the underlying asset at a predetermined price within or at end of a specified period is ... B. Option Contract C. Index Futures contract D. Mini Derivative contract E. None of the Above
Last Answer : B. Option Contract Explanation: Options Contract is a type of Derivatives Contract which gives the buyer/holder of the contract the right (but not the obligation) to buy/sell the underlying asset at a predetermined price within or at end of a specified period.
Description : D.C. motor brush adjustment includes attention to _________. A. angle with the commutator and clearance within the holder B. brush length and pigtail tightness C. grade of material and surface dirt conditions D. all of the above
Last Answer : Answer: D
Description : If a person dies and is at time of death the holder of a saving certificate and there is no nomination in force _____should be produced within 3 month for payment a) Death and probate of his will ... certificate granted under the Indian succession act 1925, d) Any one of the above e) None of these
Last Answer : d) Any one of the above
Description : Which of the following statements is incorrect? a. In an audit, the independent auditor attempts to corroborate assertions made by the company's management in connection with each account, class ... assurance that material misstatements do not exist in any of the assertions made by management.
Last Answer : Because of the attest functionfinancial statements are the responsibility of the independent audito
Description : ______ is a privilege of credit card offered to the family members i.e. spouse, parents or children above 18 years of age of the primary credit card holder. (a) Add- plus card b) Add on card c) both)
Last Answer : b) Add on card
Description : Budget card requires monthly payment on behalf of that ______.(a) holder b) banker c) seller)
Last Answer : (a) holder
Description : The purpose of maintaining the SO summary is a) For consolidating the monetary transaction of the SOs in account with it b) To check the transaction of the SOs including the branch offices in account with ... stamps and postage due in transit between the HO and the SO under it. d) All the above
Description : When the holder of a certificate reports the loss, theft, destruction, mutilation or defacement of a certificate in his custody a) The will ask to holder to furnish a statement in writing giving ... be made either at the office of registration or at any other office d) All the above
Description : You are not authorized to call this number by your account holder?
Last Answer : Call your service provider. This is something they need to help you with.
Description : If im the account holder for two lines how can i check for the other lines outgoing/inbox txt messages?
Last Answer : Yeah, it sounds like you’re trying to spy on someone. That’s not cool. If you have beef with someone, talk to them. If you think they’re committing a crime, go to the police. Snooping around is only going to make it worse in the end, whatever horrible thing you feel has happened.