Question
Up to what limit, FDI in insurance sector is allowed by
the Government of India ?Solution
The Govt.of India has notified 49% FDI under automatic route in the Insurance sector.
What is the maximum aggregate withdrawal limit for a small account per month where KYC is not completed ?
The process of converting a physical cheque into an electronic image for faster processing is called:
A customer reports unauthorized transactions on their digital banking app. Under RBI’s directions, if the customer informs the bank within 3 days, wha...
What is a primary condition under RBI guidelines for REs when onboarding non-resident customers with limited KYC documentation? Â
InsureCo writes a portfolio of 12-month fire insurance policies on 1 Oct (policy year Oct–Sep). Premiums are received upfront. Historical claims are s...
Which of the following entities was formed to identify and check fraudulent activity in lending transactions against equitable mortgages?
The maximum insurance coverage provided by DICGC per depositor per bank is:
An Indian exporter raises a Letter of Credit (LC) worth USD 1,00,000. The exchange rate on the LC issuance date is ₹83.50/USD. The bank charges 0.25% ...
A borrower has defaulted on a term loan for over 90 days. The bank categorizes the account as an NPA. Later, the borrower partially repays the overdue a...
GeM portal deals with?
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