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Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define KYC.
π‘ Hint: Think about why banks need to know who their customers are.
Question 2
Easy
What does NPA stand for?
π‘ Hint: Consider what happens when a loan isn't paid back.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does KYC stand for?
π‘ Hint: It has to do with verifying identities.
Question 2
True or False: An NPA is a loan that is being completely repaid.
π‘ Hint: Think about the consequences of defaults in loans.
Solve 1 more question and get performance evaluation
Push your limits with challenges.
Question 1
Consider a bank with a Loan Approval Rate of 85% but an NPA Ratio of 10%. Discuss the financial implications.
π‘ Hint: Think about how these two metrics interact.
Question 2
If a bank's Customer Acquisition Cost rises due to inefficient KYC processes, how might this affect their overall business strategy?
π‘ Hint: Consider the balance between cost and growth in banking.
Challenge and get performance evaluation