CS Professional Banking - Law & Practice PYQ June 2024: Question Paper and Available Answers
CS Professional
1 - Banking - Law & Practice
PYQS Series
June 2024
20 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional 1 - Banking - Law & Practice PYQS (June 2024). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Given the current Geo-Political and Economic Situation prevalent across the Globe, US Sanctions on use of US Dollar for Transactions with Iran & Russia and considering the continuo
- Based on the provided information, answer the following question: (b) What is Correspondent Banking ?
- Based on the provided information, answer the following question: (c) What is the procedure for opening a Special Rupee Vostro Account with an Indian Authorized Dealer Bank ?
- Based on the provided information, answer the following question: (d) How would the Exchange Rate between INR and the Currency of the trading partner country be market-determined i
- Based on the provided information, answer the following question: (e) Can balances in Special Rupee Vostro Account be repatriated ?
- Based on the provided information, answer the following question: (f) What are the different types of Investment where surplus balance can be invested ?
- (a) "As per the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021, Commercial Banks have to report "Reverse Repos Transactions" on their Ba
- (b) Despite its disadvantages as compared to Forward Contracts as a Hedging instrument in International Transactions, why should firms use Futures Contracts in International Transa
- (a) A Bank's exposures to its counterparties may result in concentration of its assets to a Single Counterparty or a Group of connected Counterparties. As a first step to address t
- (b) "Reserve Bank of India will initiate certain Structured Actions in respect of the Banks which have hit the 'Trigger Points' in terms of Capital to Risk Assets Ratio (CRAR), Net
- (a) From the following information, calculate the Yield Rate of 'Commercial Paper'. Face Value ₹ 6,00,000 Sale Price ₹ 5,70,000 Maturity Period-120 days Brokerage and other Charges
- (b) "Leverage Ratio, Loan to Value Ratio and Debt Service Coverage Ratio are the three important Ratios while analysing "Term Loan Proposals" of Business Firms by the Banks. Explai
- (c) "An offline payment means a transaction which does not require internet or telecom connectivity to take effect. Authorised Payment System Operators (PSOs) and Payment System pa
- Reserve Bank of India introduced the Digital Rupee-Wholesale Segment (e-W) on November 1, 2022 and Retail digital Rupee (e-R) on December 01, 2022. "Digital Rupee" or "e₹" is a leg
- Based on the provided information, answer the following question: (ii) Is e₹ same as Cryptocurrency such as Bitcoin ?
- "On August 10, 2022, the RBI issued a press release on implementation of the recommendations of the Working Group (WG) on Digital Lending. The press release contains three annexure
- Based on the provided information, answer the following question: (ii) Are all types of financial facilities of the Banks are covered under Digital Lending ?
- The emergence of New Models of governing the enterprises, a subtle shift towards controls and strategic decision making, identification and Assessment of Risk has become one focal
- In view of the above, answer the following questions: (b) Explain in detail the objectives and scope of Risk Based Internal Audit of NBFCs, UCBs and HFCs.
- In view of the above, answer the following questions: (c) "Board of Directors, Audit Committee of Board" play a Key Role in implementation of Risk Based Internal Audit of NBFCs / U
How to Prepare for CS Professional 1 - Banking - Law & Practice
Use past questions to practise the paper format and review available answers. Check the current syllabus, applicable law and examination duration before attempting a timed paper.