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IE-IFS Capsule Cards FREE An Overview of Indian Eco…
How does the World Bank classify the Indian economy?
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Lower-middle income economy based on per capita income.
Continuation:
As of 2019, India's PCI was $1891. Economies are grouped into Low, Lower-Middle, Upper-Middle, and High Income.
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535 Views
World Bank Economy Classification
An Overview of Indian Economy 535
WA 535
IE-IFS Capsule Cards FREE An Overview of Indian Eco…
What is India's global GDP ranking in terms of Purchasing Power Parity (PPP)?
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India is the 3rd largest economy in the world in terms of PPP.
Continuation:
Only USA and China are ahead of India in GDP PPP (as per 2021 data).
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449 Views
India's Global GDP Ranking (PPP)
An Overview of Indian Economy 449
WA 449
IE-IFS Capsule Cards FREE An Overview of Indian Eco…
Who coined the term 'Hindu Rate of Growth' and what does it mean?
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Prof. Raj Krishna coined it to describe the slow 3.5% annual growth rate.
Continuation:
This refers to India's planned economy's low growth from the 1950s to 1980s.
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350 Views
Hindu Rate of Growth
An Overview of Indian Economy 350
WA 350
IE-IFS Capsule Cards FREE An Overview of Indian Eco…
What were 'Home Charges' during the British control of India?
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Colonial government's official transfers of monies to the United Kingdom.
Continuation:
Included dividends to EIC shareholders, interest on loans, and pensions of British officers.
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258 Views
Home Charges in British Era
An Overview of Indian Economy 258
WA 258
PPB Capsule Cards FREE Banker-Customer Relations…
When a customer opens a savings or current deposit account with a bank, what is the primary legal relationship established?
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The Bank is the Debtor, and the Customer is the Creditor.
Continuation:
Since the customer lends money to the bank, the bank owes the money back. The customer has no security from the debtor (bank).
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214 Views
Relationship: Deposit Account
Banker-Customer Relationship 214
WA 214
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IE-IFS Capsule Cards PRO Para Banking and Financia…
Banks offering PMS must keep customer funds completely separate from the bank's assets. What is the minimum tenure for accepting portfolio funds?
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210 Views
Portfolio Management Services (PMS) Rules
Para Banking and Financial Services Provided by Banks 210
WA 210
IE-IFS Capsule Cards FREE Evolution of Indian Econo…
Which sector suffered the most severe contraction during the COVID-19 pandemic?
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Contact-intensive services, trade, hotels, and transport sectors.
Continuation:
Conversely, Agriculture remained robust and resilient due to exemptions from lockdown restrictions.
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208 Views
COVID-19 Economic Impact
Evolution of Indian Economy & Structural Changes 208
WA 208
IE-IFS Capsule Cards FREE An Overview of Indian Eco…
Who published the first estimates of national income in India?
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Dadabhai Naoroji in his book 'Poverty and Un-British Rule in India'.
Continuation:
He estimated the per capita income at Rs. 20 per annum at current prices for 1867-1868.
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199 Views
First National Income Estimates
An Overview of Indian Economy 199
WA 199
IE-IFS Capsule Cards PRO Para Banking and Financia…
Banks can act as agents for Mutual Fund companies to sell their products. What strict restriction applies to the bank regarding the purchase of these units?
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194 Views
Bank as a Mutual Fund Agent
Para Banking and Financial Services Provided by Banks 194
WA 194
IE-IFS Capsule Cards FREE Para Banking and Financia…
Banks can undertake factoring services either departmentally or through a subsidiary. If done departmentally, what type of recourse is permitted?
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Departmental factoring services can be provided with recourse OR on a limited/without recourse basis, subject to a Board-approved policy.
Continuation:
The exposure is reckoned on the assignor for with-recourse factoring, and on the debtor for without-recourse factoring.
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183 Views
Factoring Services by Banks
Para Banking and Financial Services Provided by Banks 183
WA 183
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IE-IFS Capsule Cards FREE Evolution of Indian Econo…
What are the three major economic shocks India faced in the last four decades?
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1991 BoP crisis, 2008 global financial crisis, and COVID-19 pandemic.
Continuation:
These shocks led to major structural shifts, reforms, and changes in growth trajectories.
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171 Views
Three Major Economic Shocks
Evolution of Indian Economy & Structural Changes 171
WA 171
IE-IFS Capsule Cards FREE Para Banking and Financia…
Banks can undertake Primary Dealership (PD) business via a subsidiary. What is the Minimum Net Owned Fund (NOF) requirement for this subsidiary?
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The minimum Net Owned Fund (NOF) required for a Primary Dealership subsidiary is Rs 1,000 crores.
Continuation:
Additionally, they must have a Minimum CRAR of 9% and Net NPAs of less than 3%, with a profit-making record for three years.
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168 Views
Primary Dealership Eligibility (NOF)
Para Banking and Financial Services Provided by Banks 168
WA 168
IE-IFS Capsule Cards PRO Para Banking and Financia…
Banks offer referral services, passing client leads to third parties for a fee. What type of products can they refer, and what is the key condition?
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155 Views
Referral Services Restrictions
Para Banking and Financial Services Provided by Banks 155
WA 155
IE-IFS Capsule Cards PRO Para Banking and Financia…
Banks are permitted to undertake Pension Fund Management. Can this specific service be offered directly by the bank departmentally?
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154 Views
Pension Fund Management Restriction
Para Banking and Financial Services Provided by Banks 154
WA 154
IE-IFS Capsule Cards PRO Para Banking and Financia…
To provide formal Investment Advisory Services, how must a bank structure this business under RBI rules?
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154 Views
Investment Advisory Services (IAS)
Para Banking and Financial Services Provided by Banks 154
WA 154
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PPB Capsule Cards FREE Banker-Customer Relations…
What is the banker-customer relationship when the bank grants a loan or advance to the customer?
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The Bank is the Creditor, and the Customer is the Debtor.
Continuation:
Lending is the core activity of banks. The borrower executes documents and offers security to the bank before utilizing the credit facility.
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150 Views
Relationship: Loan Account
Banker-Customer Relationship 150
WA 150
PPB Capsule Cards PRO Technology Trends in Bank…
In the Account Aggregator framework, who ultimately holds the power to initiate the transfer of financial information?
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148 Views
Consent Architecture in AA
Technology Trends in Banking, e-RUPI, Fintech - RegTech, SupTech, Hashtag Banking etc. 148
WA 148
IE-IFS Capsule Cards FREE An Overview of Indian Eco…
According to Angus Maddison, what was India and China's global GDP share in 1000 AD?
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India and China together contributed 50.5% of the global GDP.
Continuation:
By 1947, British colonialism had reduced India's share to less than 3%.
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146 Views
Angus Maddison Database Insights
An Overview of Indian Economy 146
WA 146
IE-IFS Capsule Cards PRO Para Banking and Financia…
If a bank wants to set up a joint venture for an insurance business with risk participation (underwriting), what is the minimum net worth requirement?
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145 Views
Insurance Business Subsidiary Criteria
Para Banking and Financial Services Provided by Banks 145
WA 145
PPB Capsule Cards PRO Ethics, Business Ethics &…
What is the fundamental difference between Values and Ethics in the context of banking and business?
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144 Views
Values vs Ethics
Ethics, Business Ethics & Banking: An Integrated Perspective 144
WA 144
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PPB Capsule Cards FREE Banker-Customer Relations…
When a bank provides a safe deposit locker to a customer, what specific relationship is formed?
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The Bank is the Lessor, and the Customer is the Lessee.
Continuation:
Governed by Sec 105 of the Transfer of Property Act. The bank is not liable for loss from natural calamities, only for its own negligence/fraud.
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144 Views
Relationship: Safe Deposit Locker
Banker-Customer Relationship 144
WA 144
IE-IFS Capsule Cards PRO Para Banking and Financia…
Can a commercial bank directly act as an insurance broker without setting up a separate subsidiary?
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142 Views
Insurance Broking Departmentally
Para Banking and Financial Services Provided by Banks 142
WA 142
PPB Capsule Cards PRO Ethics, Business Ethics &…
When did business ethics in India gain center stage in corporate operations, and which committee was recently set up by SEBI?
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141 Views
Corporate Governance in India
Ethics, Business Ethics & Banking: An Integrated Perspective 141
WA 141
PPB Capsule Cards PRO Ethics, Business Ethics &…
In business ethics, does the principle of fairness mean that everybody is treated equally and gets exactly what they want?
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139 Views
Principle of Fairness
Ethics, Business Ethics & Banking: An Integrated Perspective 139
WA 139
PPB Capsule Cards FREE Banker-Customer Relations…
What is the legal relationship between the bank and customer when valuables are deposited for safe custody?
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The Bank is the Bailee, and the Customer is the Bailor.
Continuation:
Governed by Sec 148 of the Indian Contract Act. The bank becomes the custodian and is liable for any loss caused due to its negligence.
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137 Views
Relationship: Safe Custody
Banker-Customer Relationship 137
WA 137
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RBWM Capsule Cards PRO Other Financial Services …
What is the difference between factoring with recourse and without recourse?
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134 Views
Factoring with vs without Recourse
Other Financial Services Provided by Banks 134
WA 134
PPB Capsule Cards FREE Banker-Customer Relations…
In a pledge transaction where goods are kept as security, what is the relationship between the bank and the borrower?
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Bank is the Pawnee (Pledgee), Customer is the Pawner (Pledger).
Continuation:
A pledge involves actual or constructive delivery of goods to the bank as security for a debt.
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133 Views
Relationship: Pledge
Banker-Customer Relationship 133
WA 133
IE-IFS Capsule Cards FREE An Overview of Indian Eco…
Which sector currently dominates the Indian economy's GDP?
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The services (tertiary) sector has largely replaced the industrial sector.
Continuation:
Agriculture's share declined from 26.9% in 1990 to under 18%, while services grew to dominance.
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133 Views
Sectoral GDP Contribution Trend
An Overview of Indian Economy 133
WA 133
AFM Capsule Cards PRO Budgets and Budgetary Con…
When an organization runs a specific safety drive or a middle-management training course, what type of budget is used?
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130 Views
Programme Budgeting
Budgets and Budgetary Control 130
WA 130
IE-IFS Capsule Cards FREE An Overview of Indian Eco…
What was the impact of the 1991 LPG reforms on economic growth?
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Growth reached 6.7% in the 8th plan and 7.6% in the 10th five-year plan.
Continuation:
Driven by Liberalisation, Privatisation, and Globalisation (LPG) policies, attracting foreign capital.
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129 Views
Post-1991 Reforms Growth
An Overview of Indian Economy 129
WA 129
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AFM Capsule Cards PRO Budgets and Budgetary Con…
In the context of implementing budgetary control, what constitutes a 'Budget Centre'?
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128 Views
Budget Centre
Budgets and Budgetary Control 128
WA 128
PPB Capsule Cards PRO Ethics, Business Ethics &…
Which famous leader espoused the philosophy of 'Trusteeship', and what is its core origin?
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127 Views
Philosophy of Trusteeship
Ethics, Business Ethics & Banking: An Integrated Perspective 127
WA 127
AFM Capsule Cards FREE Definition, Scope & A…
What is the most widely accepted definition of Accounting given by the American Institute of Certified Public Accountants (AICPA)?
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It is the art of recording, classifying and summarising in a significant manner and in terms of money, transactions of a financial character.
Continuation:
Accountancy is a wider concept that includes bookkeeping. Bookkeeping is just recording in books of original entry and ledgers.
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126 Views
Definition of Accounting (AICPA)
Definition, Scope & Accounting Standards including Ind AS 126
WA 126
IE-IFS Capsule Cards PRO Para Banking and Financia…
Banks are allowed to retail Government Securities to non-bank clients. What type of trading transaction is strictly forbidden in this retail process?
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126 Views
Retailing of Government Securities
Para Banking and Financial Services Provided by Banks 126
WA 126
IE-IFS Capsule Cards FREE Evolution of Indian Econo…
How did India mitigate the effects of the 2008 global financial crisis?
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The government provided 3 stimulus packages totaling Rs. 1.86 lakh crore.
Continuation:
RBI also eased monetary conditions, injecting Rs 5.6 lakh crore into domestic/external liquidity.
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124 Views
2008 Global Financial Crisis Response
Evolution of Indian Economy & Structural Changes 124
WA 124
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AFM Capsule Cards PRO Budgets and Budgetary Con…
How does a financial budget conceptually differ from a simple financial forecast?
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123 Views
Budget vs Forecast
Budgets and Budgetary Control 123
WA 123
AFM Capsule Cards PRO Budgets and Budgetary Con…
What is the purpose of the 'Budget Manual' distributed within a company?
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122 Views
Budget Manual
Budgets and Budgetary Control 122
WA 122
AFM Capsule Cards PRO Budgets and Budgetary Con…
What is the composition and primary role of the Budget Committee in a large firm?
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120 Views
Budget Committee
Budgets and Budgetary Control 120
WA 120
PPB Capsule Cards PRO Ethics, Business Ethics &…
What is the foremost principle of ethical banking, and what does it inspire among stakeholders?
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120 Views
Ethical Foundation: Trust
Ethics, Business Ethics & Banking: An Integrated Perspective 120
WA 120
PPB Capsule Cards PRO Ethics, Business Ethics &…
What creates an ethical dilemma for a banking professional during the course of business?
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120 Views
Ethical Dilemmas in Banking
Ethics, Business Ethics & Banking: An Integrated Perspective 120
WA 120
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AFM Capsule Cards FREE Definition, Scope & A…
What is the fundamental difference in the regulatory approach between US GAAP and IFRS?
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US GAAP is considered a rules-based system of accounting, whereas IFRS is designed as a more principles-based system.
Continuation:
IFRS allows the revaluation model for fixed assets, whereas US GAAP strictly uses the historical cost model less accumulated depreciation.
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119 Views
US GAAP vs IFRS (Rules vs Principles)
Definition, Scope & Accounting Standards including Ind AS 119
WA 119
IE-IFS Capsule Cards FREE Evolution of Indian Econo…
What caused the rapid deindustrialisation of India in the 19th century?
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Decline of the Mughal Empire, uncompetitive textiles, and British trade policies.
Continuation:
British-backed commercialization was motivated by self-interest, harming local artisans.
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116 Views
Deindustrialisation under British Rule
Evolution of Indian Economy & Structural Changes 116
WA 116
PPB Capsule Cards FREE Banker-Customer Relations…
If a customer deposits a cheque into their account for collection, what role does the bank play during the clearing process?
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The Bank acts as an Agent, and the Customer is the Principal.
Continuation:
According to Sec 182 of the Indian Contract Act. This relationship terminates upon death, insolvency, or lunacy of the customer.
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115 Views
Relationship: Cheque Collection
Banker-Customer Relationship 115
WA 115
RBWM Capsule Cards PRO Investment Management
What are the maximum exit loads permitted for PMS under the October 2020 SEBI guidelines?
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114 Views
Recent SEBI Guidelines: Exit Load
Investment Management 114
WA 114
AFM Capsule Cards PRO Budgets and Budgetary Con…
Which functional budget predicts detailed estimates of cash inflows (receipts) and cash outflows (payments) periodically?
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113 Views
Cash Budget Component
Budgets and Budgetary Control 113
WA 113
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IE-IFS Capsule Cards FREE Evolution of Indian Econo…
How did India's GDP recover in the year 2021-22 after the pandemic?
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The economy rebounded, achieving an estimated growth rate of 8.9%.
Continuation:
This followed a severe contraction of 6.6% in the previous year (2020-21) due to the first wave.
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113 Views
Post-COVID GDP Recovery
Evolution of Indian Economy & Structural Changes 113
WA 113
PPB Capsule Cards PRO Ethics, Business Ethics &…
What are the three stages an organization passes through during an ethical crisis event?
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112 Views
Stages of Ethical Crisis
Ethics, Business Ethics & Banking: An Integrated Perspective 112
WA 112
RBWM Capsule Cards PRO Other Financial Services …
How does a bank acting as an 'Insurance Broker' differ from a 'Corporate Agent'?
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111 Views
Insurance Broking vs Agency
Other Financial Services Provided by Banks 111
WA 111
RBWM Capsule Cards PRO Investment Management
According to recent SEBI guidelines, what option must PMS providers offer clients regarding intermediaries?
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108 Views
Direct Onboarding in PMS
Investment Management 108
WA 108
RBWM Capsule Cards PRO Other Financial Services …
What is the primary objective of the Trade Receivables Discounting System (TReDS)?
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105 Views
TReDS Platform
Other Financial Services Provided by Banks 105
WA 105
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IE-IFS Capsule Cards PRO Fixed Income Markets – De…
If you hold a 5-year bond and a 20-year bond, which one's price will be affected more drastically if the RBI suddenly hikes interest rates?
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105 Views
Bond Theorem 3: Maturity & Sensitivity
Fixed Income Markets – Debt and Bond Markets 105
WA 105
RBWM Capsule Cards PRO Investment Management
What is a 'hurdle rate' in the fee arrangement of a PMS?
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104 Views
PMS Hurdle Rate
Investment Management 104
WA 104
PPB Capsule Cards PRO Ethics, Business Ethics &…
How do the principles of 'Openness' and 'Prudence' apply to a banking business?
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103 Views
Principle of Openness & Prudence
Ethics, Business Ethics & Banking: An Integrated Perspective 103
WA 103
AFM Capsule Cards FREE Definition, Scope & A…
In India, which body was constituted to harmonise diverse accounting policies and practices, and in which year was it established?
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The Institute of Chartered Accountants of India (ICAI) constituted the Accounting Standards Board (ASB) on 21st April, 1977.
Continuation:
The main function of ASB is to formulate accounting standards so that the council of ICAI may mandate them.
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101 Views
Accounting Standards Board (ASB)
Definition, Scope & Accounting Standards including Ind AS 101
WA 101
AFM Capsule Cards PRO Budgets and Budgetary Con…
What is the ultimate goal of implementing a Performance Budgeting system in a Government agency or bank?
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99 Views
Performance Budgeting Goal
Budgets and Budgetary Control 99
WA 99
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RBWM Capsule Cards PRO Investment Management
What does Discretionary Portfolio Management mean?
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95 Views
Discretionary vs Non-Discretionary
Investment Management 95
WA 95
RBWM Capsule Cards PRO Other Financial Services …
What distinguishes an Endowment policy from a Term Insurance policy?
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93 Views
Life Insurance: Endowment
Other Financial Services Provided by Banks 93
WA 93
AFM Capsule Cards PRO Budgets and Budgetary Con…
Despite its advantages, why might a budgetary control system fail during unprecedented turmoil like the Covid pandemic?
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93 Views
Limitations of Budgeting
Budgets and Budgetary Control 93
WA 93
PPB Capsule Cards PRO Ethics, Business Ethics &…
In the standard banking code of conduct, what is the difference between 'Integrity' and 'Neutrality'?
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93 Views
Integrity vs Neutrality
Ethics, Business Ethics & Banking: An Integrated Perspective 93
WA 93
AFM Capsule Cards PRO Budgets and Budgetary Con…
How does Zero Base Budgeting (ZBB) radically differ from traditional incremental budgeting?
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90 Views
Zero Base Budgeting (ZBB)
Budgets and Budgetary Control 90
WA 90
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IE-IFS Capsule Cards PRO Economic Planning in Indi…
What are the two core hubs reflecting NITI Aayog's primary responsibilities?
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90 Views
NITI Aayog Core Hubs
Economic Planning in India & NITI Aayog 90
WA 90
RBWM Capsule Cards PRO Investment Management
Under recent SEBI rules, what is the stance on upfront fees for PMS?
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87 Views
Recent SEBI Guidelines: Fees
Investment Management 87
WA 87
IE-IFS Capsule Cards FREE Economic Planning in Indi…
When was NITI Aayog established and what did it replace?
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Established on January 1, 2015, replacing the Planning Commission.
Continuation:
Serves as the apex public policy Think Tank promoting cooperative federalism.
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87 Views
Establishment of NITI Aayog
Economic Planning in India & NITI Aayog 87
WA 87
IE-IFS Capsule Cards PRO Economic Planning in Indi…
What were the main objectives and growth rates of the First Plan (1951-1956)?
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84 Views
First Five-Year Plan
Economic Planning in India & NITI Aayog 84
WA 84
AFM Capsule Cards FREE Definition, Scope & A…
What are the legal implications under the Companies Act 2013 if a company's financial statements do not comply with mandatory Accounting Standards?
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Section 129(5) requires disclosure of the deviation, reasons, and financial effects. Section 134(5) casts responsibility on the Board of Directors.
Continuation:
Auditors must qualify their reports if mandatory standards are not followed, failing which they are guilty of professional misconduct.
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83 Views
Mandatory AS Compliance & Law
Definition, Scope & Accounting Standards including Ind AS 83
WA 83
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PPB Capsule Cards FREE Banker-Customer Relations…
When immovable property is given as security for a loan, what relationship is established?
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The Bank is the Mortgagee, and the Customer is the Mortgagor.
Continuation:
Mortgages apply to real estate and immovable assets. The bank holds the interest in the property until the loan is repaid.
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83 Views
Relationship: Mortgage
Banker-Customer Relationship 83
WA 83
RBWM Capsule Cards PRO Investment Management
What is the minimum specified net worth required for portfolio managers as per SEBI?
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82 Views
PMS Minimum Net Worth
Investment Management 82
WA 82
AFM Capsule Cards PRO Costing Methods
When assembling an aircraft or a motor vehicle, why is a 'Multiple/Composite Costing' method required?
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81 Views
Multiple or Composite Costing
Costing Methods 81
WA 81
PPB Capsule Cards FREE Banker-Customer Relations…
For a vehicle loan where the vehicle remains in the possession of the borrower, what is the relationship?
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The Bank is the Hypothecatee, and the Customer is the Hypothecator.
Continuation:
Unlike a pledge, possession remains with the customer (borrower) in hypothecation, though the bank has a charge over the asset.
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80 Views
Relationship: Hypothecation
Banker-Customer Relationship 80
WA 80
IE-IFS Capsule Cards PRO Fixed Income Markets – De…
The fixed income market revolves around government and corporate debt. What is a Government Security (G-Sec) and what risk profile does it carry?
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80 Views
Government Securities (G-Secs)
Fixed Income Markets – Debt and Bond Markets 80
WA 80
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PPB Capsule Cards FREE Banker-Customer Relations…
What is the fundamental difference between Demand Deposits and Time Deposits in banking?
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Demand deposits are payable on demand (low/no interest), Time deposits are repaid after a fixed expiry period (higher interest).
Continuation:
Current and Savings accounts are demand deposits. FDs, RDs, and Short-term deposits are time deposits.
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79 Views
Demand vs Time Deposits
Banker-Customer Relationship 79
WA 79
IE-IFS Capsule Cards PRO Fundamentals of Economics…
What is the Greek origin of the word 'Economics'?
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79 Views
Origin of Economics
Fundamentals of Economics, Microeconomics, and Macroeconomics and Types of Economies 79
WA 79
PPB Capsule Cards FREE Banker-Customer Relations…
When does the law of limitation begin to run for a bank deposit (both demand and fixed deposits)?
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It begins only when a demand for repayment has been made by the customer.
Continuation:
Unlike typical debts where limitation starts immediately, deposit limitation starts strictly upon the customer's demand for withdrawal/repayment.
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Law of Limitation: Deposits
Banker-Customer Relationship 77
WA 77
IE-IFS Capsule Cards PRO Sectors of the Indian Eco…
What economic activities constitute the Primary Sector?
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Primary Sector Activities
Sectors of the Indian Economy 76
WA 76
AFM Capsule Cards FREE Definition, Scope & A…
What does Accounting Standard 1 (AS 1) mandate regarding the preparation of financial statements and fundamental accounting assumptions?
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It requires disclosure of all significant accounting policies. If Going Concern, Consistency, and Accrual are followed, specific disclosure is not needed.
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If any fundamental assumption is NOT followed, it must be explicitly disclosed to facilitate a meaningful comparison between enterprises.
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AS 1: Disclosure of Accounting Policies
Definition, Scope & Accounting Standards including Ind AS 75
WA 75
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IE-IFS Capsule Cards PRO Supply and Demand
What is the Substitution Effect in demand?
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Substitution Effect
Supply and Demand 75
WA 75
IE-IFS Capsule Cards PRO Economic Planning in Indi…
Which economic model was the Second Five-Year Plan (1956-1961) based on?
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Second Five-Year Plan Model
Economic Planning in India & NITI Aayog 72
WA 72
IE-IFS Capsule Cards PRO Economic Planning in Indi…
When was 'indicative planning' formally introduced in India?
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Indicative Planning Introduction
Economic Planning in India & NITI Aayog 70
WA 70
IE-IFS Capsule Cards PRO Fixed Income Markets – De…
The RBI permits trading in Central Government securities before they are actually issued. What is this specific market called?
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'When Issued' Market
Fixed Income Markets – Debt and Bond Markets 69
WA 69
PPB Capsule Cards PRO AML- KYC Guidelines
What is the time limit for a bank to report an STR to FIU-IND after concluding a transaction is suspicious?
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Suspicious Transaction Report (STR)
AML- KYC Guidelines 68
WA 68
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JAIIB Capsule Cards 2026

India's #1 short-form JAIIB preparation app. 500+ capsule cards, unlimited mock tests & PDF notes for JAIIB May & Nov 2026 (PPB, IE-IFS, AFM, RBWM). Learn while commuting. Clear JAIIB in your first attempt. Join 5,000+ bankers.

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World Bank Economy Classification How does the World Bank classify the Indian economy? India's Global GDP Ranking (PPP) What is India's global GDP ranking in terms of Purchasing Power Parity (PPP)? Hindu Rate of Growth Who coined the term 'Hindu Rate of Growth' and what does it mean? Home Charges in British Era What were 'Home Charges' during the British control of India? Relationship: Deposit Account When a customer opens a savings or current deposit account with a bank, what is the primary legal relati… Portfolio Management Services (PMS) Rules Banks offering PMS must keep customer funds completely separate from the bank's assets. What is the mini… COVID-19 Economic Impact Which sector suffered the most severe contraction during the COVID-19 pandemic? First National Income Estimates Who published the first estimates of national income in India? Bank as a Mutual Fund Agent Banks can act as agents for Mutual Fund companies to sell their products. What strict restriction applie… Factoring Services by Banks Banks can undertake factoring services either departmentally or through a subsidiary. If done department… Three Major Economic Shocks What are the three major economic shocks India faced in the last four decades? Primary Dealership Eligibility (NOF) Banks can undertake Primary Dealership (PD) business via a subsidiary. What is the Minimum Net Owned Fun… Referral Services Restrictions Banks offer referral services, passing client leads to third parties for a fee. What type of products ca… Pension Fund Management Restriction Banks are permitted to undertake Pension Fund Management. Can this specific service be offered directly… Investment Advisory Services (IAS) To provide formal Investment Advisory Services, how must a bank structure this business under RBI rules? Relationship: Loan Account What is the banker-customer relationship when the bank grants a loan or advance to the customer? Consent Architecture in AA In the Account Aggregator framework, who ultimately holds the power to initiate the transfer of financia… Angus Maddison Database Insights According to Angus Maddison, what was India and China's global GDP share in 1000 AD? Insurance Business Subsidiary Criteria If a bank wants to set up a joint venture for an insurance business with risk participation (underwritin… Values vs Ethics What is the fundamental difference between Values and Ethics in the context of banking and business? Relationship: Safe Deposit Locker When a bank provides a safe deposit locker to a customer, what specific relationship is formed? Insurance Broking Departmentally Can a commercial bank directly act as an insurance broker without setting up a separate subsidiary? Corporate Governance in India When did business ethics in India gain center stage in corporate operations, and which committee was rec… Principle of Fairness In business ethics, does the principle of fairness mean that everybody is treated equally and gets exact… Relationship: Safe Custody What is the legal relationship between the bank and customer when valuables are deposited for safe custo… Factoring with vs without Recourse What is the difference between factoring with recourse and without recourse? Relationship: Pledge In a pledge transaction where goods are kept as security, what is the relationship between the bank and… Sectoral GDP Contribution Trend Which sector currently dominates the Indian economy's GDP? Programme Budgeting When an organization runs a specific safety drive or a middle-management training course, what type of b… Post-1991 Reforms Growth What was the impact of the 1991 LPG reforms on economic growth? Budget Centre In the context of implementing budgetary control, what constitutes a 'Budget Centre'? Philosophy of Trusteeship Which famous leader espoused the philosophy of 'Trusteeship', and what is its core origin? Definition of Accounting (AICPA) What is the most widely accepted definition of Accounting given by the American Institute of Certified P… Retailing of Government Securities Banks are allowed to retail Government Securities to non-bank clients. What type of trading transaction… 2008 Global Financial Crisis Response How did India mitigate the effects of the 2008 global financial crisis? Budget vs Forecast How does a financial budget conceptually differ from a simple financial forecast? Budget Manual What is the purpose of the 'Budget Manual' distributed within a company? Budget Committee What is the composition and primary role of the Budget Committee in a large firm? Ethical Foundation: Trust What is the foremost principle of ethical banking, and what does it inspire among stakeholders? Ethical Dilemmas in Banking What creates an ethical dilemma for a banking professional during the course of business? US GAAP vs IFRS (Rules vs Principles) What is the fundamental difference in the regulatory approach between US GAAP and IFRS? Deindustrialisation under British Rule What caused the rapid deindustrialisation of India in the 19th century? Relationship: Cheque Collection If a customer deposits a cheque into their account for collection, what role does the bank play during t… Recent SEBI Guidelines: Exit Load What are the maximum exit loads permitted for PMS under the October 2020 SEBI guidelines? Cash Budget Component Which functional budget predicts detailed estimates of cash inflows (receipts) and cash outflows (paymen… Post-COVID GDP Recovery How did India's GDP recover in the year 2021-22 after the pandemic? Stages of Ethical Crisis What are the three stages an organization passes through during an ethical crisis event? Insurance Broking vs Agency How does a bank acting as an 'Insurance Broker' differ from a 'Corporate Agent'? Direct Onboarding in PMS According to recent SEBI guidelines, what option must PMS providers offer clients regarding intermediari… TReDS Platform What is the primary objective of the Trade Receivables Discounting System (TReDS)? Bond Theorem 3: Maturity & Sensitivity If you hold a 5-year bond and a 20-year bond, which one's price will be affected more drastically if the… PMS Hurdle Rate What is a 'hurdle rate' in the fee arrangement of a PMS? Principle of Openness & Prudence How do the principles of 'Openness' and 'Prudence' apply to a banking business? Accounting Standards Board (ASB) In India, which body was constituted to harmonise diverse accounting policies and practices, and in whic… Performance Budgeting Goal What is the ultimate goal of implementing a Performance Budgeting system in a Government agency or bank? Discretionary vs Non-Discretionary What does Discretionary Portfolio Management mean? Life Insurance: Endowment What distinguishes an Endowment policy from a Term Insurance policy? Limitations of Budgeting Despite its advantages, why might a budgetary control system fail during unprecedented turmoil like the… Integrity vs Neutrality In the standard banking code of conduct, what is the difference between 'Integrity' and 'Neutrality'? Zero Base Budgeting (ZBB) How does Zero Base Budgeting (ZBB) radically differ from traditional incremental budgeting? NITI Aayog Core Hubs What are the two core hubs reflecting NITI Aayog's primary responsibilities? Recent SEBI Guidelines: Fees Under recent SEBI rules, what is the stance on upfront fees for PMS? Establishment of NITI Aayog When was NITI Aayog established and what did it replace? First Five-Year Plan What were the main objectives and growth rates of the First Plan (1951-1956)? Mandatory AS Compliance & Law What are the legal implications under the Companies Act 2013 if a company's financial statements do not… Relationship: Mortgage When immovable property is given as security for a loan, what relationship is established? PMS Minimum Net Worth What is the minimum specified net worth required for portfolio managers as per SEBI? Multiple or Composite Costing When assembling an aircraft or a motor vehicle, why is a 'Multiple/Composite Costing' method required? Relationship: Hypothecation For a vehicle loan where the vehicle remains in the possession of the borrower, what is the relationship? Government Securities (G-Secs) The fixed income market revolves around government and corporate debt. What is a Government Security (G-… Demand vs Time Deposits What is the fundamental difference between Demand Deposits and Time Deposits in banking? Origin of Economics What is the Greek origin of the word 'Economics'? Law of Limitation: Deposits When does the law of limitation begin to run for a bank deposit (both demand and fixed deposits)? Primary Sector Activities What economic activities constitute the Primary Sector? AS 1: Disclosure of Accounting Policies What does Accounting Standard 1 (AS 1) mandate regarding the preparation of financial statements and fun… Substitution Effect What is the Substitution Effect in demand? Second Five-Year Plan Model Which economic model was the Second Five-Year Plan (1956-1961) based on? Indicative Planning Introduction When was 'indicative planning' formally introduced in India? 'When Issued' Market The RBI permits trading in Central Government securities before they are actually issued. What is this s… Suspicious Transaction Report (STR) What is the time limit for a bank to report an STR to FIU-IND after concluding a transaction is suspicio…
JAIIB papers
IE-IFS — Indian Economy & Indian Financial System ABM — Advanced Bank Management PPB — Principles & Practices of Banking BFM — Bank Financial Management AFM — Accounting & Financial Management for Bankers ABFM — Advanced Business & Financial Management RBWM — Retail Banking & Wealth Management BRBL — Banking Regulations and Business Laws
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