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NEO Banking - A Future Digital Banking, Development Scope, Threat and Challenges

What is Neo Banking? NEO banks are the banks which has no physical branches. NEO Banks are digital only financial institutions that operate exclusively online through websites and mobile apps.  The financial services industry has undergone massive transformations from manual to Core Banking and now digital without any physical branch. the evolution of banking has been marked by innovations aimed at making financial services more accessible, convenient, and efficient.   NEO Banks offers services like below: Account Management: Account Opening, Checking, Savings, and Money Transfers Loan Services: Quick and seamless loan approvals Low Fees: Minimal or no fees due to lower operational costs Tech Features: Budget tools, instant payments, and real-time alerts Why Are Neo Banks becoming popular now? Convenience : 24/7 mobile banking—no waiting in lines. Lower Fees : No hidden charges, free international transfers, and zero maintenance fees. User-Friendly Apps : Seamless, f...
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Sample Questions for CAIIB - Bank Financial Management - Sample Questions Set 5



1. Adequacy of bank's liquidity position depends upon
a) Sources of Fund
b) Anticipated future funding needs
c) Present and Future earnings capacity
d) All of the above

Answer - All of the above

2. If type of trade is not mentioned, all the exchange rates quoted are a) Forward Transaction
b) Cash Transaction
c) Spot Transaction
d) Tom Transaction

Answer - Spot Transaction

3. Which of the following is not a function of integrated Treasury Department
a) Pricing of Products
b) Facilitation of Payment and Settlement of the bank
c) Issuance of Foreign currency denominated Traveler’s cheques
d) Assisting the bank management in ALM

Answer - Issuance of Foreign currency denominated Traveler’s cheques

4. Communication Risk is a type of
a) Market Risk
b) Credit Risk
c) Operational Risk
d) Interest Rate Risk

Answer - Operational Risk

5. The benchmark rates for term lending for USD are generally
a) LIBOR
b) MIFOR
c) MIBOR
d) None of These

Answer - LIBOR

6. When the delivery under Forex deal is completed on the 2nd working day following the date of contract the rate is called
a) Spot Rate
b) Forward Rate
c) TOM Rate
d) Transaction Settlement Rate

Answer - Spot Rate

7. Which one is supplementary Capital
a) Tier I
b) Tier II
c) Tier III
d) All of the above

Answer - Tier II

8. Which one is not quoted as a unit of foreign currency
a) JPY
b) GBP
c) Indonesian Rupiah
d) Kenyan Shilling

Answer - GBP

9. My Brother gave me gift of USD 20000. In which type of following accounts it can be credited?
a) RFC
b) RFC (Domestic)
c) EEFC
d) NRE

Answer - RFC (Domestic)

10. RBI monitors overdue export bills-not realized within the stipulated time by calling for a half yearly statement from ADs referred to as
a) BEF
b) XOS c) GTE-1
d) ST-9

Answer - XOS

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