Finacle

                   Objective Questions – Finacle

1.  By using which of the following menus, entry for revocation of a “Stop Payment” instruction can be made in finacle?

a)    HCHBM

b)    SPP

c)    REVSPP

d)    SPPREV

2.     What will be the value of DP Indicator at the time of opening any loan account in Finacle?

a)    N - None

b)    D - Derived

c)    M - Maintained

d)    E – Equal

3.     Which menu can be used to receive scheduled payments in loan accounts?

a)    HLAUPAY

b)    HLASPAY

c)    HLARSH

d)    HLPAYOFF

4.     Which menu can be used to receive unscheduled payments in loan accounts?

a)    HLAFACR

b)    HLASPAY

c)    HLARSH

d)    HLAUPAY

5.     Packing Credit can be disbursed using which of the following menus in finacle?

a)    HLADISBPC

b)    RPCTM

c)    TM

d)    HPCDISB

1.      

2.      

3.      

4.      

5.      

6.      

7.     While opening a LABOD A/c, Installment Frequency must be given as:

a)    Bullet

b)    Monthly

c)    After Maturity

d)    Quarterly

8.     Detailed interest report of any Loan/CC/OD Account can be obtained by using menu :

a)    INTRPT

b)    ACINT

c)    AINTRPT

d)    INTREP

9.     Stock and Book Debt statement can be linked to a Cash Credit (Hyp.) Account using which of the following menus?

a)    HALM

b)    HDML

c)    HCLM

d)    HLNM

10.   Which menu can be used to generate account statement of any office a/c (GL/PL) like Cash, Sundry etc.?

a)    HACLI

b)    HPSP

c)    ACLPCA

d)    ACLPOA

11.   Which menu allows the finacle users to Change Scheme code ?

a)    ACXFRSOL

b)    ACXFRSCH

c)    SCHCODCHG

d)    ACXFRSC

12.   Which menu is used to inquire about a customer using his pan number or mobile number?

a)    CUSTSEARCH

b)    FINDCUST

c)    CUSTFIND

d)    CUSINQ

13.   Which menu can be used to find out the unapplied interest accrued upto date for NPA accounts in Finacle?

a)    NPATM

b)    NPARPT

c)    ACACCR

d)    AINTRPT

.

14.   Limit Node can be created using which of the following menus in finacle?

a)    HLNM

b)    HCLM

c)    HALM

d)    LNDI

15.   Which of the following menus is used to change SOL ID of any account?

a)    ACXFRS

b)    ACXFRSC

c)    ACXFRSOL

d)    ACXSOLTRF

16.   Which menu can be used by a user to generate a date-wise report of live guarantees in finacle?

a)    GILR

b)    GMM

c)    BGSTMNT

d)    ACXSOLTRF

17.   A finacle user wants to change his password himself. Which menu will allow him to change his own password?

a)    PAPW

b)    REGPW

c)    PWMNT

d)    UCMR

18. Which of the following SB Scheme code name has recently been changed as “GovtScholarship-DBT” a/c

          a)  SB-124

          b)  SB-150

          c)  SB-138

          d)  SB-114

           e) SB-113

 19. What is the Loan Scheme code of newly launched “Baroda Home Loan Advantage” for residents ?                             

     a)    LA 183

     b)   LA 184
     c)    LA 185
     d)   LA 188
     e)   LA 190

20. A new product “Baroda Home Loan Suraksha Personal Loan” for home loan      Borrowers has ben launched , for funding life insurance premium of group  Credit life insurance . What is the scheme code in finnacle for residents   Borrows ?

    a)    LA 185

    b)   LA 178
    c)    LA 180
    d)   LA 188
    e)   LA 190

21. What is the new scheme code for Resident Short Deposit in Finacle?

a)    TD108

b)   TD118

c)    TD164

d)   TD154

e)   TD564

22. What is the menu option for reversal of wrong entry made in NPA A/Cs in Finacle?

a) NPATMREV

b)NPATMRVR

C)NPATM

d)NPATMRV

e)NPATMREVE

23. What is new menu option created for generating report for CERSAI?

a)    CERSAIREP

b)   CERSREP

c)    CERSAIR

d)   CERSREPRT

e)   CERSAIRPT

24. What is the menu option to mark NPA for Packing credit a/c?

a)BOBMEAC

b)MEAC

c)ACM

d)through ASCROM

e)No option

25. What is menu option to generate report for details of accounts which are activated from dormant status for the particular period?

a)    DACUP

b)   DORACT

c)    DORMNTACT

d)   DORMNT

e)   DORACTR

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Banking Regulation

The Reserve Bank of India (RBI) is the central banking authority and the regulator of Indian Banking System. RBI draws its regulatory powers from Reserve Bank of India Act, 1934 and the Banking Regulation Act, 1949. Banking regulation is not peculiar to India. Every country regulates its banking system through some authority.

For example, the Bank of England regulates the banking system in UK. Similarly, the Federal Reserve Board is the regulator of the banking system in USA.

Important of Banking Regulation –

A. Public confidence and trust

B. Investors’ interest

C. Fair and efficient financial markets

D. Adherence to rules.

Constitution of RBI

RBI was constituted under the Reserve Bank of India Act, 1934 and started functioning from 1 April, 1935. It is the oldest among central banks operating in developing countries. Its headquarters are in Mumbai.

A. Ownership

RBI is a state-owned institute under the Reserve Bank (Transfer of Public Ownership) of India Act, 1948. The Act empowers the Union Government to issue such direction to RBI as is necessary in public interest. However, the union Government must consult the Governor before issuing the directions.

B. Control

The control of RBI vests in the Central Board of Directors. The Central Board of Directors compromise the Governor, 4 Deputy Governors and 15 Directors.

C. Appointment

The Union Government appoints the Governor and Four Deputy Governors and also nominates the 15 Directors.

Objective of RBI

A. Monetary Stability

B. Financial Stability

C. Payment System

D. Credit Allocation

E. Price Stability

F. Development of Financial Markets

Function of RBI

A. Issue of Notes

B. Government’s Banker

C. Banker’s Bank

D. Development of the Financial System

E. Exchange Control

F. Monetary Control

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