Question
Which category of operational risk events encompasses
losses from KYC and guideline breaches?Solution
Operational risk is the risk of direct and indirect loss resulting from inadequate or failed internal processes, people, & systems or from external events. KYC and guideline breaches are related to Clients, Products & Business Practices operational risk which means losses arising from an unintentional or negligent failure to meet a professional obligation to specific clients (including fiduciary and suitability requirements), or from the nature or design of a product.
Which ministry launched the âDigiClaimâ platform under the national crop insurance portal for speedy disbursal of claims to insured farmers?
Under the Pradhan Mantri Jeevan Jyoti Bima Yojana, risk coverage of âš2 Lakh is credited to the savings bank account of the holder in case of the death...
IFSCA, with support from GoI, has instituted a flagship thought leadership event, âInFinity Forumâ as an annual feature beginning in 2021. This even...
The approximate percentage change in a bondâs price for a 1% change in yield to maturity is given by:
Projected Annual Turnover: âš24 crore
Borrower margin: 5%
What is the permissible WC limit under Nayak Committee norms?
Which the following is not the reason for demand pull inflation?
 What is the maximum number of partners allowed in a Limited Liability Partnership (LLP) in India?
Consider the following statement:
I. Highest surcharge rate on income above 5 crore to be reduced from 37% to 30% under new regime
II. E...
A statement which gives organization-specific definitions of whatâs expected and required with respect to the behavior and actions within the organiza...
Where is personal wealth management more skewed towards?
