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Finance CA UIIC > Finance CA 1 > Flashcards

Finance CA 1 Flashcards

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1
Q

What is factoring in Finance?

A

It is the sale of accounts receivable to a 3rd party for immediate cash

Emergency funds frm 3rd party who wil colct it frm primary lender ltr

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2
Q

Advantages of Factoring?

A
  1. Instant stability
  2. Doesn’t require borrowing
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3
Q

What is short selling in the context of financial markets?

A

Borrowing Shares to sell them with the aim of repurchasing at a lower price
(squaring off the trade - to sell & buy shares)

A speculative strategy for ‘declining markets’

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4
Q

Short-term govt securities, that mature in one year or less and are issued at a discount?

A

T-bills

Mature at 91 days, 182 days or 364 days

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5
Q

The time period during which a borrower does not have to pay any interest or principle after the due date, without facing a penalty is?

A

Grace period

For insurance: monthly -> 15 days, yrly -> 30 days

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6
Q

What does an IPO involve?

A

A Private company issuing shares to the public, for the 1st time, to raise funds

Going public

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7
Q

Shares of Elcid rose a staggering 6.7 mn% to Rs. 1,36,250 a piece, surpassing MRF as the highest priced stock in absolute terms. Promoters of ____ owns 75% stake of mumbai based NBFC Elcid

A

Asian Paints

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8
Q

Which private sector lender has raised up to Rs. 3k crore through AT-1 bonds
Another Bank who has raised 5k crore?

Additional tier bonds

A

Axis Bank
SBI

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9
Q

Which is not a feature of AT-1 bonds?
1. Have a call option
2. Are issued by banks in accordance with RBI
3. Are perpetual bonds with no maturity rates
4. investors here do not get their pricipal back

Additional Tier -1 bonds

A

All correct

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10
Q

A debt instrument that banks use to inc their capital base (a key source of quasi-equity capital for banks) and meet Basel 3 requirements?

A

AT-1 bonds or Contingent Convertible

Additional Tier-1 Bonds or CoCo bonds (riskier than traditional bonds)

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11
Q

Acc to IRDAI, premium charged for all surety insurance policies underwritten in a FY, incl all installments due in subsequent yrs for those policies, should not exceed ____% of the total gross written premium that yr subj to max Rs. ____

A

10%
Rs. 500 crore

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12
Q

A financial guarantee that a contractor will fulfill their contractual obligations. A risk transfer mechanism that protects the project owner from losses is contractor doesn’t perform, is?

A

Surety Bond or Surety Insurance policy

3 parties: Company owner/Obligee -> Contractor/obliger -> Insurer/Surety

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13
Q

A platform by RBI that facilitates seamless flow of a customer’s digitised financial & non-financial data from multiple data service providers to lenders. Making credit underwriting seamless & customer journey frictionless for a diverse range of borrowers.

A

Unified Lending Interface

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14
Q

Bima Vahak aims to progressively cover every Gram Panchayat. Bima Vahak shall be deployed in each Gram Panchayat before ____

A

Dec 2024

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15
Q

Inc in India’s domestically held gold reserves?

A

60%

Overall 854 tonnes - 510 domestically - 324 BoE - 20 Gold Deposits

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16
Q

Which platform attracted significant FPI inflow, reaching highest level in 3 yrs, despite a substantial sell-off in the secondary market?

A

IPOs & QIPs

India - overvalued portfolios China - investing in itself

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17
Q

Indian FM recently criticised a unilateral trade measure by the EU that impacts developing economies green transitions, namely?

A

Carbon Border Adjustment Mechanism (CBAM)

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18
Q

Which Indian financial platform achieved a record of 16.58 bn transactions worth Rs. 23.5 trillion in Oct 24, driven by person-to-merchant transactions during the festive season?

A

UPI

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19
Q

India has announced an ambitious plan to inc its electric vehicle (EV) penetration to what % by 2030?

A

30%

EV30@30

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20
Q

Which Indian company recently completed an IPO primarily focussed on healthcare?

A

Niva Bupa

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21
Q

Acc to S&P Global’s recent prediction, what position is India expected to hold globally by 2030 based on GDP size?

A

3rd

“India’s growing role in the global economy”

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22
Q

In Q1 of FY 2024-25, which Indian state attracted the highest amt of FDI securing 52.46% of the country’s total FDI?

A

Maha

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23
Q

A Russian court has fined Google approximately $____ decillion in fines due to its refusal to restore the acc of several pro-Kremlin & state-run media outlets. There are ____ 0s in a decillion

A

$2.5 decillion
36 Zero’s

new record for penalties

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24
Q

A provision of credit by NBFCs that are not subject to the same regulatory oversight as traditional banks, offering loans through alternative channels leading to increased risk in the financial system

A

Shadow Lending

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25
Q

IMF forecast of India’s GDP growth rate in FY26?

A

6.5%

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26
Q

Corporate solutions provider that became the 1st firm at GIFT-IFSC to obtain a BATF license?

Bookkeeping, accounting, Taxation and FInancial Crime compliance

A

InCorp Global Pte Ltd

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27
Q

SEBI’s new position limit for trading members in index F&O contracts?

A

Rs. 7,500 crore or 15% of total Open Interest

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28
Q

Chairperson of NPS Trust board?

A

Chitra Jayasimha

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29
Q

Which country joined ADB as newest non-regional member?

A

Israel - 69th

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30
Q

India’s contribution to fund the WHO’s main programs from 2025-28?

A

$300 mn

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31
Q

Worldline’s report titled “India Digital Payments Report for 1H 2024” Y-o-Y growth of UPI transactions in the 1st half of 2024 was?

A

52%

78.97 bn

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32
Q

Amt of Financial Assistance by NABARD to Jharkhand for irrigation projects on 12th Oct 2024? In which 2 districts?

A

Rs. 770 crore
Palamu & Giridih

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33
Q

In 2024, The indian government expressed concern over it’s sov credit rating arguing that it does not accurately reflect the country’s economic strength. What is the current credit rating and why is it significant?

A

BBB-
The lowest investment grade, indicating cautious assessments by rating agencies.

Despite being 5th largest economy

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34
Q

Why are the sov credit rating given by agencies like S&P & Baa3 by Moody’s significant?

A

They are Procyclical
It helps better economic conditions

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35
Q

India has seen significant growth in REITs, which have opened new investment avenues for retail investors. What is a primary feature of REITs that make them attractive to investors?

A

Pooling of funds to invest in income-generating real estate assets

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36
Q

Acc to SEBI ___% of revenue derived from REITs should be from completed properties.

A

80%

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37
Q

Acc to SEBI, ___% of the revenue generated in REITs should be distributed to the investors

A

90%

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38
Q

Min Range of investment amt for REITs?

A

Rs. 10,000 - 15,000

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39
Q

The rupee’s decline to an all-time low is attributed to persistent foreign fund outflow & a lackluster performance in domestic equities. Because of this cost of imported goods & inflation rates will ____

A

increase

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40
Q

Acc to SEBI, what is the max exposure that Indian mutual funds can have in overseas mutual funds or in unit trusts that invest in Indian Securities?

A

25%

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41
Q

Acc to SEBI, what is the min ticket size for investment in securitized debt instruments (SDIs) for RBI-regulated originators and unregulated entities engaged in securitizations?

A

Rs. 1 crore

42
Q

As per India’s vision 2047, we aim to become a $30 trilion economy with per capita income target of?

A

$18,000

By NITI Aayog

43
Q

A ____ is a short-term, unsecured promissory note issued by corporations to meet short-term funding needs of maturity time period ____

A

Commercial Papers
7 days - 1 yr

0 coupon - issued in denominations of 5L

44
Q

A public company issuing additional shares to raise capital after an IPO?

A

Follow-on Public Offering (FPO)

45
Q

____ raised a record $30 bn in 6 months through FPO

A

India Inc

46
Q

Derivative instruments issued offshore by registered Foreign institutional investors (FIIs) for indian securities?

A

Participatory Notes (P-Notes)

or Offshore Derivative instruments

47
Q

A legal doc where 1 party unconditionally promises a specific sum to another party at a future date?

A

Promissory Note

48
Q

____ enables a company to issue shares in the local market to attract FDI

A

GDR or Global Depository Receipt

49
Q

____ is when you’re taking an offsetting position in a related security to reduce the risk of adverse price movements

A

Hedging

50
Q

Acc to SEBI, CDS for Mutual funds, what is the max permissible exposure (both buying and selling CDS) a mutual fund scheme can have relative to its assets?

Credit Default Swaps

A

10%

51
Q

Acc to SEBI (Delisting of Equity Shares) Amendment Act 2024, what is the revised threshold for successful delisting under the Reverse Book Building (RBB) process?

A

75% of public shareholder

Earlier 90%

52
Q

Acc to SEBIs recent mandate effective Nov 2024, individual investors applying for public issues of debt securities through intermediaries must use UPI for applications of what max amount?

A

Rs. 5 Lakh

53
Q

Acc to SEBI, what is the max allowable exposure to Indian securities for overseas Mutual Funds or Unit Trusts in which Indian MFs can now invest?

A

25% of net assets of any MF

54
Q

Acc to SEBI’s amendments to InvITs & REITs regulation, what is the new min trading lot size for privately place InvITs?

Infrastructure Investment Trust

A

Rs. 25 Lakhs

55
Q

Acc to SEBI distribution timeline for InvITs and REITs, mandating distributions to unit holders with ____ days from the record

A

within 5 days

56
Q

As per revised commission structure by the LIC, what is the new 1st yr agent commission rate including a bonus for policies after Oct 2024?

A

28%

from 35%

57
Q

As per revised commission structure by the LIC, premiums have been raised by ____% across life insurance products

A

8-9%

58
Q

What is the estimated capex for the Financial Year 2024-25 (FY25) as per the Union Ministry of Finance?

A

Rs 11.11 lakh crore
3.4% of GDP

59
Q

Acc to SEBi what is the new MWPL for stocks over the previous 6 months?

Market Wide Position Limit

A

Rs. 1500 crore

earlier Rs. 500 crore

60
Q

What is MWPL criteria?

Market wide position limit

A

To limit excessive speculation
Capping the max positon a market participant can hold for a particular security

61
Q

Acc to SEBI’s revised guidelines for F&O segment, what is the updates threshold for MQSOS based on a rolling 6-month period?

Median Quarter Sigma Order Size

A

Rs. 75 Lakh

62
Q

AMt of order req to move the stock price by 0.25% calculated by various methods?

A

MQSOS

Median Quarter Sigma Order Size

63
Q

Acc to SEBI, What is the new minimum threshols for the Average Daily Delivery Value (ADDV) in the cash market over the previous 6 months?

A

Rs. 35 crore

was Rs. 10 crore

64
Q

A financial metric that is used to calc the avg values of securities delivered over a specific period?

A

ADDV

Average Daily Delivery Value

65
Q

How long is the gestation period granted to existing stocks in the F&O segment to comply with SEBI’s updated entry & exit criteria?

A

6 months

66
Q

A contract that gives the holder the right, but not the obligation to buy or sell an asset at a predetermined price within a specified time period is known as?

A

Options

The option to back out if price drops

67
Q

Purchase of an option is called?
Selling of an option is called?

A

Purchase - call
Sell - put

68
Q

By what % did the combined Index of Eight Core Industries dec in Aug 2024 to 2023

A

1.8%

69
Q

SEBI has barred which company from participating in securities markets due to aleged fund diversion in their company records?

A

Onelife Capital Advisors Ltd.

70
Q

Which bank is the 1st to issue biodiversity & nature focussed bond worth $100 mn to fund vital projects across Asia & Pacific?

A

ADB

Announced in COP 16

71
Q

Acc to RBIs Half-yearly report, FER has inc from $646.42 bn to ____

A

$705.75 bn

72
Q

Acc to RBI, any entity seeking authorisation as a Central Counterparty (CPP) should have net worth of?

A

Rs. 300 crore

73
Q

Who provided Bajaj Finance a loan of $400 mn to expand into EVs nd EECG?

Energy Efficient Consumer Goods

A

IFC of World Bank

International Finance Corporation

74
Q

Which bank has recently launched a new feature to track the status of international money transfers in real-time in collaboration with the SWIFT?

Society for Worldwide Interbank Financial Telelcommunication

A

IDFC First Bank

SWIFT = 8-11 characters

75
Q

WB has approved $____mn loan to support Kerala’s Agri sector through Kerala Climate Resilient Agri-Value Chain Modernization (KERA) project.

A

$200 mn

Rs. 1,656 crore

76
Q

Which organisation collaborated with IBA to facilitate the auction of assets under the liquidation process through the eBKray platform?

A

IBBI

77
Q

Which min has renewed its MoU with the Fed Dept of Env, Transport & Communication (DETEC) of Switzerland to enhance technical cooperation b/w the 2 nations?

A

Min of Railways

78
Q

Which institute has recently signed an MoU with IDBI to launch entrepreneurship training and incubation program in the NER?

A

IIM Shillong

79
Q

When was RBIs Liberalised Remittance Scheme launched? What was the limit at that time?

A

2004
$25,000

80
Q

Acc to RBI remittance under Liberalised Remittance Scheme declined by ____% during H1FY25

A

14.88%

81
Q

Which bank has partnered with Min of Agri & Farmer’s Welfare along with Bharat Financial Inclusion Limited to launch the “Bharat Sanjeevani Krishi Utthan initiative”

A

Indusind Bank
To support FPOs

82
Q

“Multiple sector rotation fund” a Mutual Fund, was launched by?

A

Shriram Finance

Rahul Dravid Brand Ambassador

83
Q

Which bank license has been recently cancelled by rbi due to inadequate capital?

A

Durga Cooperative Urban Bank
(AP)

84
Q

Which company has partnered with Yes Bank and NPCI to launch its co-branded credit cards?

A

Rio Money
(Bangalore based)

85
Q

What is the all-time high amount of institutional credit to agriculture for the year 2023-24, according to RBI?

A

Rs. 25 Lakh crore

86
Q

Who has recently been named member of SEBI board?

A

Deepti Gaur Mukherjee
(A secretary in min of corp affairs)

87
Q

1st standalone health insurance company of india?

A

Star Health & Allied - Chennai

88
Q

Rank of LIC in the world as per S&P Global?

A

4th
(Allianz - Germany, China LIC, Nippon)

89
Q

HOw many total stand-alone health insurance companies are there in india?

A

6+1

90
Q

AU SFB has recently entered into a bankassurance with?

A

UIIC

91
Q

Who is the largest SFB in India?

A

AU SFB (applied for Universal bank certificate)

92
Q

Life insurance policyholders to get higher early-exit payout from?

A

Oct 1

93
Q

Discount rate used to calculate SSV has been increased by ___ basis points

A

50 basis points

94
Q

Who has introduced a Health Super Top Up policy?

A

SBI General

95
Q

Credit rating fro Star Health ?

A

AA+ Stable outlook

96
Q

1st health insurance company to settle over 1 crore claims?

A

Star Health

97
Q

Sarvah Pratham, Sarva Uttam, Sarva Param are sub-plans of which insurance company?

A

Manipal Cigna Sarvah Health

98
Q

A board to strengthen supervision and surveillance over the financial system and providing sharper focus to supervisory policy & skills

A

Board of Financial Supervision, RBI

99
Q

For DSP Nifty Top 10 Equal Wt ETF, Min investment is Rs. ____

A

Rs. 5k

100
Q

DSP Nifty Top 10 Equal Wt Index Fund, the min investment is Rs. ____

A

100

Finance CA UIIC (2 decks)

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