10+ Cauvery Matriculation Higher Secondary School Interview Questions and Answers

Repo rate, reverse repo rate, and CRR are different rates used by banks to manage liquidity and control inflation.

• Repo rate is the rate at which the central bank lends money to commercial banks, and is used to control inflation by increasing or decreasing the cost of borrowing.

• Reverse repo rate is the rate at which the central bank borrows money from commercial banks, and is used to manage liquidity in the banking system.

• CRR (Cash Reserve Ratio) is the percentage of deposits ...read more

The full form of UPI is Unified Payments Interface.

• UPI is a real-time payment system developed by NPCI.

• It allows users to transfer money between bank accounts instantly.

• UPI is based on the Immediate Payment Service (IMPS) infrastructure.

• It can be used for various transactions such as bill payments, online shopping, and more.

• Some popular UPI apps include Google Pay, PhonePe, and Paytm.

The current RBI governor is Shaktikanta Das.

• Shaktikanta Das was appointed as the 25th Governor of the Reserve Bank of India in December 2018.

• Prior to his appointment as Governor, he served as a member of the 15th Finance Commission of India and as the Economic Affairs Secretary to the Government of India.

• He has also worked in various capacities at the Ministry of Finance and the Planning Commission of India.

• Under his leadership, the RBI has taken several measures to support t...read more

I have an average of 500 logins monthly and my Tikit size is medium.

• Average of 500 logins monthly

• Tikit size is medium

Credit cards are financial tools that allow consumers to make purchases on credit, with the promise to repay the borrowed amount at a later date.

• Credit cards offer convenience and flexibility in making purchases.

• They often come with rewards programs, cashback offers, and other benefits.

• Credit cards can help build credit history and improve credit scores.

• However, misuse of credit cards can lead to debt accumulation and financial troubles.

• It is important to make timely payments...read more

RBI stands for Reserve Bank of India, the central banking institution of India.

• RBI is responsible for regulating the monetary policy of India.

• It issues currency and manages the foreign exchange reserves of the country.

• It supervises and regulates the banking sector in India.

• RBI also acts as a banker to the government and provides credit to various sectors of the economy.

• It was established in 1935 and has its headquarters in Mumbai.

• RBI is governed by a central board of director...read more

Banking sector refers to the industry that provides financial services such as accepting deposits, lending money, and facilitating transactions.

• Banks are financial institutions that offer services such as savings accounts, loans, and credit cards.

• The banking sector plays a crucial role in the economy by providing liquidity and financial stability.

• Examples of banking institutions include commercial banks, investment banks, and credit unions.

Convince new customers by highlighting benefits, offering incentives, providing excellent customer service, and building trust.

• Highlight the benefits of the credit card such as rewards, cashback, and travel perks.

• Offer incentives like sign-up bonuses, 0% APR introductory rates, and waived annual fees.

• Provide excellent customer service by being responsive, helpful, and transparent.

• Build trust by showcasing positive customer reviews, security features, and a strong reputation i...read more

Card features are essential for attracting customers and providing value.

• Card features should align with customer needs and preferences

• Competitive rewards programs can attract and retain customers

• Security features like fraud protection and alerts are crucial for customer trust

• Concierge services and travel benefits can differentiate a card in a crowded market

A card protection plan is a service offered by credit card companies to protect cardholders from unauthorized transactions, fraud, and theft.

• Provides coverage for unauthorized transactions on the card

• Offers protection against fraud and theft

• May include services such as card replacement and emergency cash advance

• Typically involves a monthly or annual fee for enrollment

Money laundering is the process of making illegally obtained money appear to be legitimate.

• It involves disguising the source of the money through a series of transactions.

• The purpose is to make the money usable without raising suspicion.

• Examples include buying and selling assets, creating shell companies, and using cash-based businesses.

• It is often associated with organized crime and terrorism financing.

• Money laundering is illegal and can result in severe penalties.

To make a credit card, you need to apply for one through a bank or financial institution.

• Apply for a credit card through a bank or financial institution

• Provide necessary personal and financial information

• Wait for approval and receive the credit card in the mail

• Activate the credit card by following the instructions provided

DSCR stands for Debt Service Coverage Ratio and ISCR stands for Interest Service Coverage Ratio.

• DSCR measures a company's ability to pay its debt obligations with its operating income.

• A DSCR of 1 means the company is just able to cover its debt payments, while a DSCR above 1 indicates the company has more income than debt obligations.

• ISCR measures a company's ability to pay its interest expenses with its operating income.

• A ISCR of 1 means the company is just able to cover its...read more