This document contains a question bank with short questions and answers about various financial terms related to banking and insurance. It includes questions about rebates on bill discounted, interoffice adjustments, statutory reserves, cash reserve ratio, banking licenses, bills for collection, non-performing assets, average cause, catastrophe reserves, re-insurance, unexpired risk provisions, and surrender value. It also has longer questions about provisions of the Banking Regulation Act of 1949, classifications of non-performing assets, the business and sources of revenue for banks, and accounts included in final financial statements for general insurance companies.
This document contains a question bank with short questions and answers about various financial terms related to banking and insurance. It includes questions about rebates on bill discounted, interoffice adjustments, statutory reserves, cash reserve ratio, banking licenses, bills for collection, non-performing assets, average cause, catastrophe reserves, re-insurance, unexpired risk provisions, and surrender value. It also has longer questions about provisions of the Banking Regulation Act of 1949, classifications of non-performing assets, the business and sources of revenue for banks, and accounts included in final financial statements for general insurance companies.
This document contains a question bank with short questions and answers about various financial terms related to banking and insurance. It includes questions about rebates on bill discounted, interoffice adjustments, statutory reserves, cash reserve ratio, banking licenses, bills for collection, non-performing assets, average cause, catastrophe reserves, re-insurance, unexpired risk provisions, and surrender value. It also has longer questions about provisions of the Banking Regulation Act of 1949, classifications of non-performing assets, the business and sources of revenue for banks, and accounts included in final financial statements for general insurance companies.
This document contains a question bank with short questions and answers about various financial terms related to banking and insurance. It includes questions about rebates on bill discounted, interoffice adjustments, statutory reserves, cash reserve ratio, banking licenses, bills for collection, non-performing assets, average cause, catastrophe reserves, re-insurance, unexpired risk provisions, and surrender value. It also has longer questions about provisions of the Banking Regulation Act of 1949, classifications of non-performing assets, the business and sources of revenue for banks, and accounts included in final financial statements for general insurance companies.
1. What is Rebate on Bill Discounted? 2. Explain the meaning of interoffice adjustments. 3. What is a statutory reserve? 4. What is CRR? 5. From whom the license is obtained by a bank? 6. What are bills for collection ? 7. What is NPA? 8. Explain the term Average Cause. 9. What is catastrophe reserve? 10. What is Re-insurance? 11. Explain the term provision for unexpired risk? 12. What is surrender value?
Q.2 Explain briefly
1. What are the important provisions of banking regulation act, 1949
2. Explain the classifications of NPA 3. What is the business of a bank and what are the sources of its revenue? 4. What are the accounts included in the final accounts of General Insurance Companies? 5. Explain the term Re-insurance accepted and Re-insurance ceded.