Q1. Find a few of the pension plans offered by the insurance company.

Ans. Some of the pension plans offered by insurance companies are :

• HDFC Life Click2Retire Plan
• ICICI Pru Easy Retirement
• ICICI Pru Immediate Annuity
• HDFC Life Assured Pension Plan (ULIP)

Q2. Total Number of Demat accounts with CDSL & NSDL in India?
Ans The number of Demat accounts with CDSL in India is 80 million.
The number of Demat account with NSDL in India are 3,11,68,149.

Q3. What are Business Correspondents?

Ans Business Correspondent is an extended arm of the Bank Branch who is providing
Financial and Banking services to customers in unbanked and underbanked areas.

Q4. What is BCSBI?

Ans The Banking Codes and Standards Board of India (BCSBI) was set up on 18th February
2006 as a combined effort of RBI and Banks to oversee the "Banking Code", a voluntary
Code. The BCSBI would act as an independent and autonomous watchdog to monitor and
ensure that the banking norms and standards voluntarily adopted by banks are followed in full
by banks in providing the services promised to their clients.

Q5. What is Emu Farm Schemes?

Ans Investment programs known as "emu farm schemes" attract people to invest in emu
farms by promising huge profits. Emus are big, flightless birds that are raised for their meat,
oil, and skin in Australia. Despite this, several of India's emu farm schemes have been
exposed as fraudulent, incurring in investment losses.

Q6. At which rate does the bank offer credit to one another?
Ans The interest rate levied on short-term loans made between financial institutions is known
as the interbank rate, often known as the federal funds rate.
The repo rate is the interest rate at which the central bank lends to commercial banks.

Q7. What are the latest developments in EPF space?

Ans. The implementation of a new digital facility for submitting KYC documents, which
eliminates the need for employers to physically verify employee paperwork, is one of the
most recent EPF improvements. The Employees' Provident Fund Organisation (EPFO) has
also made revisions to the EPF scheme recently.
Members can withdraw up to 75% of their accumulated provident fund (PF) balance or three
months' basic pay and dearness allowance (DA), whichever is less, in the case of a medical
emergency.
Furthermore, the EPFO has ordered that all new employees entering a company with 20 or
more employees engage in the EPF program, regardless of remuneration.

Q8. .Financial Inclusion & Kenya.

Ans Individuals and enterprises with access to practical and cheap financial products and
services that fulfill their needs, such as transactions, payments, savings, credit, and insurance,
are said to be financially included. National financial inclusion has skyrocketed, with over 84
percent of the adult population receiving formal financial services by 2021, up from 27
percent in 2006, when the first FinAccess Household Survey was performed.

Q9. Saving and loan institutions in the US and Michael Milken.

Ans Savings and loan institutions are financial entities that offer individual and small
business savings accounts as well as loans. Throughout the 1980s, Michael Milken was a
significant figure in the savings and loan business. He was instrumental in the introduction of
high-yield bonds, often known as "junk bonds," which provided a new source of finance for
savings and loan companies. Sadly, Milken was also involved in criminal conduct, such as
securities fraud and insider trading, for which he was charged and sentenced to prison.

Q10. Sources of funds for HDFC.

Ans Sources of funds are Deposits, Borrowing, Minority interest, Bonds and debentures, and
Equity.

Q11. The link between the cooperative bank and the past president of India.
Ans. Pratibha Mahila Sahakari Bank (Pratibha Women Cooperative Bank) was an Indian
cooperative bank headquartered in Jalgaon, Maharashtra. It was founded in 1973 by Pratibha
Patil, who later became India's President, with the goal of empowering women.

Q12. Impact of new budget on forex norms.

Ans. Sending money abroad may become more expensive after Finance Minister Nirmala
Sitharaman recommended collecting 20% tax at the source under the Reserve Bank of India's
(RBI) Liberalised Remittance Scheme (LRS), with no threshold restriction.
This means that money transfers, no matter how large or small, are about to become more
expensive, whether you're investing in a foreign housing or stock market or sending money to
relatives or friends.

Q13. Compare the interest and non-interest income of a bank.

Ans Interest income is the money a bank earns through the interest it charges on loans and
mortgages, as well as the interest it earns on investments such as bonds and securities. The
principal source of revenue for most banks is interest income.
Non-interest revenue: A bank's non-interest income comes from sources other than
interest. Account maintenance, ATM use, and credit card processing fees and charges may be
included. Non-interest revenue can also be generated via investment banking, trading, and
other financial services.

Q14. A number of payment banks in India.

Ans 6 payment banks.

Q15. A number of No-Frill Accounts in India.

Ans No Frill Accounts are simple savings accounts offered by banks to increase financial
inclusion and provide access to banking services to persons who may not have typical
banking relationships. They were first launched by the central bank in 2005, however they
were phased out in 2012 in favor of standard savings accounts. There is currently no
straightforward way to determine the number of No Frill Accounts in India.

Q16. Limit of transactions in the saving account.

Ans The transaction limit in a savings account is determined by the specific account and the
policies of the bank that provides it. In India, however, the Reserve Bank of India has set a
monthly withdrawal limit of six rupees for savings accounts.

Q17. Citi Bank credit card Suraksha scandal.

Ans Puri was arrested for the first time in connection with the Rs 400-crore Citibank fraud in
2010. He was accused of persuading high-net-worth people and business entities into
investing and then shifting the cash to the stock market, resulting in significant losses totaling
Rs 405.52 crores. From 2007-08 to December 2010, Citibank experienced a total of 92 frauds
involving the cloning of debit/credit cards or the usage of counterfeit cards totaling Rs 1.89
crore.

Q18. Who is bearing the cost of UPI and Rupay transaction charges?
Ans The National Payments Corporation of India (NPCI), which operates the UPI and RuPay
systems, does not charge users or customers any transaction fees. Banks and payment service
providers that facilitate these transactions charge transaction fees.

Q19. Positive pay services offered by ICICI

Ans As per the RBI circular, ICICI Bank offers a Positive pay feature for cheque payments.
This feature is available on InstaBIZ & CIB where users can enter details of the cheque and
get it verified by the bank before submitting it to ensure secure payments.

Q20. What is the persistency ratio in an insurance company?

Ans The persistence ratio is 80:100.

Q21 Who has the biggest family offices in India?

Ans TATA group, Reliance industries, Bajaj group, Godrej group, Jindal group.

Q22 SAMCO mutual fund

Ans SAMCO Mutual Fund is an Indian asset management firm that provides mutual fund
products to investors. The company was founded in 2016 and is a subsidiary of SAMCO
Securities Limited, India's largest online discount brokerage firm.
SAMCO Mutual Fund offers a wide range of mutual fund products, such as equity, debt, and
hybrid funds. Bottom-up investing is the company's investment philosophy, analyzing
individual firms and their fundamentals rather than depending on market trends or
macroeconomic variables.
Q23 Wells Fargo scandal.
Ans According to the Consumer Financial Protection Bureau, Wells Fargo's "illegal activity"
included frequently misapplying loan payments, wrongly foreclosing on homes, illegally
repossessing automobiles, erroneously assessing fees and interest, and imposing surprise
overdraft fees.
Wells Fargo customers' vehicles were wrongly possessed, they were illegally charged
erroneous fees and interest on auto and home loans, and they were also charged "unlawful"
overdraft fees, according to the CFPB. More than 16 million consumer accounts were affected.
Q24. Limits on UPI.
Ans According to NPCI, the maximum amount a person can pay through UPI in a single day
is Rs. one lakh. However, it should be noted that the limit varies by bank.
The daily limit for UPI transfers is set at 20 transaction.
Q25. Rules-based and principle-based regulatory regimes.
Ans The two ways to regulating sectors or markets are rule-based and principle-based
regulatory regimes:
A rules-based regulatory regime is built on a collection of precise, prescriptive rules that
explain what behavior is permissible and not permissible. This method is often rigid, with
limited space for interpretation or modification. Rules-based regimes are commonly utilized in
highly regulated areas such as finance, where tight compliance is necessary.
A principle-based regulatory framework, on the other hand, is built on high-level ideas or
norms that are open to interpretation and provide regulated firms more leeway. A principle-
based regime's purpose is to foster ethical and responsible behavior rather than just enforcing
stringent restrictions. This method is commonly used in less-regulated areas such as technology
and entertainment.Both approaches have benefits and drawbacks. Although rules-based
regimes provide clear guidance and certainty, they can also be rigid and difficult to adapt to
changing circumstances. Although principle-based regimes are more adaptable, they also
necessitate more judgement and interpretation, which can result in inconsistency and
uncertainty.
Finally, the choice between a rules-based and a principle-based regulatory regime is determined
by the regulator's goals, the nature of the industry being regulated, and the social and economic
context in which the regulation is implemented.

Q26. CB Bhave
Ans Former IAS officer CB Bhave served as an executive director at Sebi in its early years.
Following that, he assisted in the establishment of India's first depository, NSDL, which holds
shares and other securities in demat or paperless form.

Q27. RTA
Ans RTA now includes Registrar and Transfer agents. RTAs assist mutual fund companies
with record keeping. RTAs provide investors with a single point of contact for all of their
mutual fund investment-related information. They are private companies that are registered
with India's Securities and Exchange Board (Sebi).
Companies that wish to admit their shares and securities to the depository system should obtain
electronic connectivity with CDSL or use the services of a registrar and transfer agents (RTA)
for connectivity.
Q28. How many Families offices in India?
 According to reports, there are 300 family offices in India, with each one managing an
average of $100 million in assets. Even have multi-billion dollar corporations. There are
family offices for Gautam Adani, Ratan Tata, Pawan Munjal, Azim Premji, NR Narayana
Murthy, and the Mariwala family.

Q29. Axis mutual funds problem

For personal advantage, front running is the activity of trading stocks ahead of sizable
client orders. On February 28, the Securities and Exchange Board of India (SEBI)
announced that it had prohibited 19 other individuals in a front-running case connected to
the fund company, including Viresh Joshi, the former head trader of Axis Mutual
Fund.The market regulator claimed that it had determined that Rs.30.5 crore was the
amount that had been improperly gained as a result of the alleged front-running actions
and ordered that the entities hold the money in trust.
Joshi was accused by SEBI of devising a "fraudulent plan" to front run trades for Axis
MF in "collusion" with other "unscrupulous companies," according to the agency.

Q30. Liberalized Remittance Scheme (LRS) Latest

All residents, including minors, are permitted to freely transfer up to USD 2,50,000 per
financial year (April – March) for any legal current or capital account transaction, or a
combination of both, under the Liberalized Remittance Program.
If you reside in India, you are able to send money abroad for a variety of uses, including
international travel, education, medical care, investments abroad, the sale of Indian
investments, and income from such investments. The Foreign Exchange Management Act
of 1999 and the Income Tax Act of 1961, both of which have been described in this
article, have been created to govern such remittances. If you are an Indian resident, you
can use the Liberalized Remittance System (LRS), which has been developed for these
transfers. In that case you may make remittances up to USD 250,000 per financial year
(April-March) for any permitted capital/ current account transactions or a combination of
both.