What is the main difference between regional financial centers and traditional financial centers?
Regional financial centers serve specific regional economies rather than just national economies. Examples include Singapore and Hong Kong for Asia, and Dubai for the Middle East. They are smaller than traditional centers but still play a significant role in the global financial system. They offer specialized financial services tailored to their respective regions, such as Islamic finance in the Middle East and wealth management in Singapore.
What is the role of the Banking Ombudsman in India?
According to the provisions of the Companies Act for issuing a red herring prospectus, which of the following statements is correct?
The 15th Finance Commission in India has recommended a significant increase in the share of tax revenues allocated to state governments. This is aimed a...
If the trend of the current ratio is increasing, while the trend of the acid-test ratio is decreasing over a period of time, this could be a warning tha...
If an individual is unable to pay back the overdraft taken by him, which of the following risk is the bank facing?
According to the circular on KYC amendments, politically exposed persons (PEPs) fall under enhanced due diligence requirements. Which of the following i...
Letter of credit is opened at the request of whom among the following?
Strategic Risk can be classified as _______
What is the range of the guarantee cover amount under the Credit Enhancement Guarantee Scheme for Scheduled Castes (CEGSSC)?
_______ measures banking sector’s ability to absorb shock arising from financial and economic stress.
