Oas Online Exam Mock Test Paper

Government institutions are allowed to open savings accounts with the approval of the CAG. The CAG is responsible for auditing the accounts of government institutions and ensuring transparency and accountability in their financial transactions. Therefore, with the CAG's approval, a government institution can open a savings account.

The question is asking to identify the option that is not an FIG (Financial Institution Group). Railways is not a financial institution, but rather a transportation system. ICICI BANK, LIC, and HDFC BANK are all financial institutions. Therefore, Railways is the correct answer as it does not belong to the FIG category.

Axis Bank does have a tie-up with NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited) for DP (Depository Participant) services. This means that Axis Bank offers services related to holding and transacting securities in electronic form for its customers through these depositories.

Mid-corporates have a turnover of 125-500 Crs. This means that the companies classified as mid-corporates have an annual turnover between 125 crore and 500 crore rupees. This range is specifically designated for mid-sized companies that fall between smaller businesses and large corporations in terms of their financial performance.

A current account can be opened through a shared channel, which means that multiple resources or individuals can access and utilize the channel to open current accounts. This allows for a more efficient and flexible process, as it allows for the sharing of resources and responsibilities among different individuals or departments.

Business Banking consists of three segments.

Throughput is the correct answer because it refers to the volume or rate at which transactions or data are processed or transmitted within a system. In the context of GB (presumably referring to gigabytes), throughput would represent the total volume of transactions or data being processed or transmitted within a given time period.

CMS stands for Card Management System. In the context of transactions, CMS is responsible for verifying and authorizing transactions. It ensures that the transaction is valid, the funds are available, and the necessary security measures are in place. CMS plays a crucial role in preventing fraud and ensuring the smooth processing of transactions.

The largest contribution in CA CDAB is from the segment BAG.

The minimum MAB requirement for Club 50 Current Accounts is 50,00,000. This means that in order to maintain a Club 50 Current Account, the account holder must have a minimum balance of 50,00,000 in their account at all times.

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The correct answer is "Large Corporates." This option is not a part of the BAG segment. The BAG segment consists of SME and Non-Corporate Trade, Retail CA, and Merchant Acquiring. Large Corporates are not included in the BAG segment.

Rematerialization refers to the process of converting electronic holdings of securities back into physical certificates. This process is the opposite of dematerialization, which involves converting physical certificates into electronic form. Therefore, the correct answer is "Reverse Dematerialization" as it accurately describes the meaning of rematerialization.

A demat account holder uses a Delivery Instruction Slip (DIS) for the transfer of shares. This slip is used to provide instructions to the depository participant (DP) for the transfer of shares from one demat account to another. It contains details such as the name of the account holder, demat account number, quantity of shares to be transferred, and the target demat account details. The DIS acts as a legal document for the transfer process and ensures the smooth and secure transfer of shares between accounts.

The code "SBAWA" is not a Business Banking scheme code.

CMS stands for Cash Management Services. Cash management refers to the process of collecting, managing, and investing cash for a company or organization. Cash management services are financial services provided by banks or other financial institutions to help businesses effectively manage their cash flow, liquidity, and investments. These services may include cash handling, cash forecasting, liquidity management, and investment advisory services.

Cheque truncation is the process of scanning and sending a cheque for clearance without physically moving the paper cheque. This process eliminates the need for physical transportation of cheques, reduces the time taken for clearance, and increases efficiency in the banking system.

ASBA stands for Application Supported by Blocked Amount. It is a product that enables only blocking of funds in the savings account while applying for an IPO through a demat account. The actual debit of funds from the account only happens after the allotment of the IPO. This allows investors to keep their funds available for other purposes until the IPO shares are allotted to them.

BAM stands for Business Account Manager. The business account manager is responsible for driving the business for BAG (presumably the company or organization in question). They are in charge of managing and developing relationships with key clients, identifying new business opportunities, and ensuring customer satisfaction. Therefore, the correct answer is BAM.

Central/State PSU CA would fall under the segment "GB" because "GB" represents Government Business. Central/State PSU refers to Public Sector Undertakings controlled by the Central or State government. Therefore, it is classified under the Government Business segment.