5 Day 100 Ques 100 Concepts
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Bank Financial Management — CAIIB.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
What is the difference between a Direct Quote and an Indirect Quote in foreign exchange?
A Direct Quote expresses the home currency per unit of foreign currency (e.g., Rs/USD), while an Indirect Quote expresses foreign currency per unit of home currency (USD/Rs).
What is the CRR applicable to scheduled commercial banks as on 31 May 2026?
CRR is 3.00% maintained on fortnightly average basis.
What is a Spot Rate in foreign exchange markets?
A Spot Rate is the exchange rate for immediate delivery of currency, typically settled on a T+2 basis.
What is the SLR applicable to scheduled commercial banks as on 31 May 2026?
SLR is 18.00% maintained on a daily basis.
What does the Bid Rate represent in a foreign exchange transaction?
The Bid Rate is the rate at which the market maker buys the base currency from the customer.
What is a Vostro account from a bank's perspective?
An INR account maintained by a foreign bank with an Indian bank.
How is the Spread in a foreign exchange quote calculated?
The Spread is the difference between the Ask (Offer) rate and the Bid rate.
What is a Loro account in correspondent banking?
Third party's reference to another bank's Vostro account.
Video classes for this chapter
5 Day 100 Ques 100 Concepts | CAIIB
5 Day 100 Ques 100 Concepts | CAIIB
5 Day 100 Ques 100 Concepts Day 3| CAIIB
100 Most Important BFM Concepts for CAIIB Day 4
Day 5 - 100 Most Important CAIIB BFM Concepts for Day 5 Exam Prep
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