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2014 assignments
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DRIVE
FALL 2014
SUBJECT
CODE & NAME - MA0039 & RETAIL BANKING
Q1
Explain the reasons for retail growth- An analysis. Give the advantages of
retail banking. Explain the barriers to the development of banking sector in
India.
(Explanation
of reasons for retail growth-an analysis, Advantages of retail banking,
Explanation of the barriers to the development of banking sector in India)3,3,4
Answer.
Reasons
for retail growth-an analysis
1. Economic
prosperity and the consequent increase in purchasing power have given a boost
to a consumer boom. Note that during the 10 years after 1992, India’s economy
grew at an average rate of 6.8 percent and continues to grow at almost the same
rate – not many countries in the world match this perfor
Q2.
Write
short notes on:
a)
Door step Banking
b)
Mobile Banking
(Door
step banking, Mobile Banking)4,6
Answer.
a)
Door step Banking
Customers
demand for services is such that banks need to provide banking service at their
place of residence. Phone banking has been developed in banks to cater to such
requirements of the customers. Through phone banking, a customer is able to get
cash from or deposit cash into their account sitting
Q3
Explain about the types of customers in retail banking.
Individuals
· Joint
account holder
· Sole
proprietor
· Partnership
· Karta
Answer.
Joint
account holder
Two
persons can open a joint account with a bank. Bank is required to obtain clear
operational instructions from the joint account holders. The account can
Q4.
Explain about cheque and its features. Explain the aspects on which a banker
has to verify.
(Explanation
of cheque and its features, Explanation of aspects on which a banker has to
verify)3,7
Answer.
Ccheque
and its features
Cheques
are the main instruments, which are used in settlement of money transactions.
When a cheque is presented for payment, a banker is required to verify whether
the cheque is in order before effecting payment. According to section 6
of NI Act, a “cheque” is a bill of exchange drawn on a specified banker and not
expressed to be payable otherwise than on demand. ‘Cheque’ includes electronic
image of a truncated cheque and a
Q5.
Explain about clearing cheque and its features. Explain about Inter Bank
Settlements.
(Explanation
of clearing cheque, Explanation about Inter bank settlements)5,5
Answer.
Clearing
cheque
Cheques
are used as instruments to settle business transactions. One customer draws a
cheque in favour of another customer and hands over the cheque in
settlement of his dues arising out of a business transaction. The person who
draws the cheque is called 'drawer' and the person in whose favour the cheque
is drawn is called 'payee'. The payee deposits the cheque into his
account and
Q6.
Explain on Leveraging Technology. Write about Product and process innovation.
Also write down on Technology Vs Global competition.
(Explanation
on leveraging technology, Explanation on product and process innovation,
Explanation on Technology Vs Global competition)3,5,2
Answer.
Leveraging
technology
The
implementation of technology in banks has prompted them to leverage technology
to a maximum extent to offer services through multiple channels. Both banks and
customers are benefited through leverage of technology. Other than traditional
banking, banks are able to offer new products and services through leverage of
technology and include, ATM debit card, credit cards, Internet banking, mobile
banking, electronic funds transfer (RTGS and NEFT), and online trading (Demat
Dear
students get fully solved SMU MBA Fall
2014 assignments
Send
your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call
us at : 08263069601
(Prefer
mailing. Call in emergency )
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