Padmakumar KJ (2467)

Ph. 9447892077,9447797156
KSFE SCHEMES
1. For Kanakadhara loan scheme, the forced sale value of property required is
a) Equal to future liability
b) Not more than 1.5 times of future liability
c) Not less than 1.3 times of future liability
d) Not less than two times of the future liability.
Ans: (d)
2. The maximum amount of NCL is limited to ............... of sala
a) 50 % b) 40%
c) 25 % d) 60 %
Ans: (a)
3. As per the existing service contract for the maintenance of manual type writers the service
fee levied per machine per service is
a) Rs. 70 b) Rs. 60
c) Rs. 100 d) Rs.120
Ans : (b)
4. Employees (workers) are eligible for spectacle allowance of Rs. 1000. The Frequency of
allowance is
a) Rs 1000 twice in service with 3 years gap.
b) Rs. 500 twice in service with 4 years gap.
c) Rs. 1000 thrice in service with 5 years gap.
d) Rs. 1000 twice in service with 5 years gap.
Ans : (c)
5. The registration charges for kanakadhara loan scheme is
a) Rs. 10 b) Rs. 20
c) Rs. free of cost d) Rs. 25
Ans: (a)
6. The administration cost of kanakadhara loan scheme is
a) 1% of advance requested, subject to minimum of Rs.250, maximum Rs.1000
b) 1% of advance requested, subject to minimum of Rs.200, maximum Rs.500
c) 1% of advance requested, subject to minimum of Rs.100, maximum Rs.1000
d) 1% of advance requested, subject to minimum of Rs.250, maximum Rs.500
Ans : (a)

7. The period of Sugama Akshaya overdraft facility allowed to Govt. employees belongings
SREG is
a) 3 years b) One year
c) 4 years d) 2 years
Ans : (d)
8. In Gold loan scheme, the advance rate per gram of gold is periodically revised in order to
a) To increase the profitability of the advance
b) To protect the interest of the Company
c) To maintain the competitiveness of the gold loan scheme.
d) To protect the interest of the customers
Ans : (c)
9. From the financial year 2005-06 onwards, uniform allowance / Cost of uniform purchased
should be debited to
a) Office maintenance Expense A/c
b) Staff welfare Expense A/c
c) Hospitality Expense A/c
d) Branch Expense A/c
Ans : (a)
10. The main purpose of the introduction of Chitty Security Deposit-in-Trust Scheme is
a) To prevent premature closure of fixed deposits
b) To minimize the huge work load
c) To offer a greater facility to prized subscribers
d) To settle the grievances of prized subscribers
Ans : (c)
11. For sanctioning Sugma (Akshya) Overdraft to the maximum, net salary required for Asst.
Manager is
a) Rs. 5000 b) Rs. 3000
c) Rs. 4000 d) Rs. 3500
Ans : (a)
12. While accepting two undated cheques for prize money payment, when the future liability
exceeds the prize money, the second cheques should contain the amount of
a) 50% of unsecured amount
b) 75% of unsecured amount
c) 50% of unsecured amount Plus 20% of unsecured amount
d) 50% of unsecured amount plus 10% of unsecured amount.
Ans : (d)
13. In the 4 Cs principle, the fourth C stands for
a) Character, Capacity, Capital & Credibility
b) Character, Capacity Capital & Collaterals
c) Character, Capacity Capital & Complexity
d) Character, Capacity Capital & CVL
Ans : (b)
14. Recent amendment in the Companies Act Stipulates that the fixed deposits remaining
unclaimed or unpaid for a period of seven years from the date they first became due for
payment are to be transferred to the Registrar of Companies to the Credit of
a) Education Ces fund
b) FD unclaimed fund
c) Investors Education and Protection fund
d) National Relief fund
Ans : (c)
15. While valuing the completed flats, (Completed in all respects) the cost per sq ft for
valuation purpose should not exceed
a) Rs2400 b) Rs. 2500
c) Rs. 2550 d) Rs. 5000
Ans : (b)
16. The maximum amount of RCL that can be sanctioned by the regional manager :
(on property security.)
a) Rs. 3 lakhs b) 2 lakhs
c) 5 lakhs d) Rs. 4 lakhs
Ans ( d)
17. RCL advances exceeding Rs. 5,00,000 can be sanctioned by
a) Regional Manager
b) Business Manager with Boards sanction
c) Sanctioning Committee at Corporate Office
d) Finance Manager with Boards sanction
Ans : (c)
18. Mr.X. a prized Subscriber availed the prize money of a chitty having sala Rs. 2,00,000 on
the strength of company fixed deposit. Now he wish to change the security to property. The
documentation charges to be levied is
a) Rs. 100 b) Rs. 50
c) Rs. 150 d) Rs. 200
Ans : (d)


19. The documentation charge for change of security except those related to property security
is
a) 0.1% of sala / advance amount subject to minimum of Rs.100 and maximum of Rs. 200/-
b) 0.1% of sala / advance amount subject to minimum of Rs.50 and maximum of Rs. 200/-
c) 0.1% of sala / advance amount subject to minimum of Rs.50 and maximum of Rs. 100/-
d) 0.2% of sala / advance amount subject to minimum of Rs.50 and maximum of Rs. 100/-
Ans : (c)
20. Flexy Deposit limit changed from Rs _____ to Rs _____ of major and medium branches
a) From Rs. 6 lakhs to Rs. 10 lakhs
b) From Rs. 5 lakhs to Rs. 10 lakhs
c) From Rs. 4 lakhs to Rs. 10 lakhs
d) a) From Rs. 6 lakhs to Rs. 8 lakhs
Ans : (b)
21. The tax to be levied on the sales proceeds of the auction sale of gold ornaments is
a) 12.24 % b) 10 %
c) 4.04 % d) 4 %
Ans : (c)
22. Any instruction / direction conveyed by PA to MD indicates.
a) All employees is the cadre are bound to obey
b) All employees of the Company irrespective of their cadre, are bound to obey
c) All employees in the workmen category are bound to obey
d) All employees in the Corporate office, irrespective of their cadre are bound to obey
Ans : (b)
23. The rate of interest applicable for the premature closure of short term deposit for closure
after 30days
a) 0.5% will be deducted from the interest rate applicable to the period for which the
deposit is held with the company
b) 0.5% will be deducted from the present Sugama rate
c) 1% will be deducted from the interest rate applicable to the period for which the deposit
is held with the company.
d) Present Sugma rate is allowed.
Ans : (a)


24. As per the recent change in the forms used, if a customer offers company FD of another
person as Security for prize money payment, the forms used will be as allows:
a) FD 1A & 1B & FD VI
b) FD 1A & FD VI
c) FD 1B & FD VI
d) FD 1A, IIA & FD VI
Ans : (d)
25. For all our purchases, we have to adhere
a) the directions from head office, GAD.Sn
b) the guide lines followed in respective regional offices
c) the provisions in Store Purchase Manual
d) the directions in the business department of Corporate office.
Ans : (c)
26. When a property is already mortgaged to company is further given as security for creating
an additional liability, spot verification of the security property is
a) Sometimes needed b) Always needed
c) Three months elapsed from the last mortgage / valuation
d) Six months elapsed from the last mortgage/valuation
Ans : (d)
27. Sugama (Akshaya) Overdraft facility for KSFE Employees was introduced with a view to
a) Compete with nationalized banks
b) To mitigate the urgent financial needs through Sugama account
c) To earn a continues interest income
d) To minimize the use of cost bearing funds
Ans : (b)
28. The maximum cash/bank balance that can be retained in a major branch, where there is no
special gold loan counter, on the last working day of the moth is
a) Rs. 2 lakhs b) Rs. 3 lakhs
c) Rs. 1 lakhs d) Rs.4 lakhs
Ans : (a)
29. The limit of amount for affixing revenue stamp is
a) Rs. 4999 b) 5000
c) 500 d) 499
Ans : (b)


30. The door collection agent should deposit an amount of Rs...............towards security
a) Rs. 35000 without fidelity insurance policy
b) Rs. 25000 without fidelity insurance policy
c) Rs. 27000 without fidelity insurance policy
d) Rs. 2000 only
Ans : (a)
31. Substitution in non-prized defaulted chitty tickets are allowed up to
a) 40% of the instalments of chitty
b) 50% of the instalments of chitty
c) 50% of the instalments of chitty with a certain restrictions
d) 60% of the instalments of chitty.
Ans : (d)
32. The scheme intended to augment the drive for reduction of non-prized defaults by
extending a loan facility
a) CVL b) SCBL
c) TPLS d) NCL
Ans : (b)
33. For writing off/write back the individual balances of Rs.1000/- and below outstanding for
Eight years or more, the journal entry required to pass in the chitty ledger, of such a
balance in chitty
a) Auction Veethapalisa Dr
To Prize amount Paid
b) Terminated Chitty GLA Dr
To Prize Amount Paid
c) Prized Collection Dr
To Dividend income
d) Non-Prized Coll.Dr
To Priced Coll Ans: (b)
34. The maximum Loan amount that can be sanctioned under TPLS is
a) 80% of the face value of the NSC to be purchased
b) 90% of the face value of the NSC to be purchased
c) Equal to the face value of the NSC to be purchased
d) 95% of the face value of the NSC to be purchased
Ans : (a)


35. In Flexy Trade loan, the overdraft facility will be available for an initial period of
a) 30 months b) 24 months
c) 36 months d) 12 months
Ans : (b)
36. When fixed deposit is offered for security for flexy trade loan, the amount of FD should be
equivalent to
a) loan amount sanctioned + interest for loan period
b) loan amount sanctioned + interest for 24 months
c) loan amount sanctioned
d) loan amount sanctioned + one year interest
Ans : (d)
37. The processing fee for flexy trade loan scheme is
a) 0.2% of advance amount applied subject to minimum Rs. 250/-
b) 0.2% of advance amount applied subject to minimum Rs. 100/-
c) 0.1% of advance amount applied subject to minimum Rs. 250/-
d) 0.1% of advance amount applied subject to minimum Rs. 100/-
Ans : (a)
38. Which of the following does not include the duties / function of company secretary?
a) To keep custody of companys common Seal
b) To issue notices for meetings of board and General body with the approval of the
Managing Director
c) To review the performance of a particular company scheme
d) To ensure proper distribution and co-ordination of work among various seats in his
department with a view to extract maximum efforts from the employees.
Ans : (c)
39. In gold loan scheme, in order to prevent incurring loss, attention should be given for the
value prevailing. In all cases the loan plus interest.
a) Should not exceed 90% of the market value of gold
b) Should not exceed 85% of the market value of gold
c) Should not exceed 75% of the market value of gold
d) Should not exceed 95% of the market value of gold
An : (b)
40. Mr.A deposited his prize money in FD from Public scheme. After 18 months, he requested
the branch to convert the FD into CSDT. Documentation charge is
a) Need be collected
b) Need not be collected
c) Waived as a special case since the customer is trust worthy-
d) 0.2% of sala minimum Rs.50/- is collected
Ans: (b)
41. The accounting entry at the branch when a Western Union money Transfer transaction is
made
a) HOC (RR) a/c Dr
To Cash/Bank
b) HOC (General) a/c Dr
To Cash/Bank
c) HOC (WUMT) Dr
To Branch a/c
d) HOC (WUMT) a/c Dr
To Cash/Bank
Ans: (d)
42. For sanctioning NCL by accepting personal surety, the surety must have a minimum net
salary of Rs.
a) 3500/- b) 5000/-
c) 4000/- d) 2500/-
Ans : (b)
43. Gold loan redemption charge is equal to
a) 0.1 % of the redeemed loan amount subject to maximum Rs. 50/-
b) 0.1 % of the redeemed loan amount subject to minimum Rs. 50/-
c) 0.1 % of the redeemed loan amount subject to minimu Rs.100/-
d) 0.1 % of the redeemed loan amount subject to maximum Rs. 100/-
Ans : (a)
44. For Auction sale of gold ornaments which is pledged for security, the auction charges to be
levied
a) Rs. 100/- per auction
b) 0.2 % of the sala proceeds
c) Rs.125/- per auction
d) 0.1% of the sala proceeds
Ans : (c)
45. The sanctioning authority of special car loan to Company Employees
a) Regional Manager
b) Business Manager
c) Managing Director
d) Branch Manager
Ans : (b)


46. The rate of interest of special car loan to company employees is
a) 8% flat
b) 8% yearly diminishing
c) 9% monthly diminishing
d) 8% on monthly diminishing
Ans : (d)
47. The maximum and minimum repayment period of special car loan is
a) 60 months & 12 months
b) 60 months & 6 months
c) 84 month & 6 months
d) 60 months & 24 months
Ans : (b)
48. For referring revenue recovery action for RCL, the annexure form used is
a) Annexure V b) Annexure I
c) Annexure III d) Annexure II
Ans : (a)
59. The maximum limit of monthly appraiser charges that can be paid to appraiser including
transfer to Sugama
a) Rs. 9000/- b) Rs.10000/-
c) Rs. 15000/- d) Rs. 12000/-
Ans : (c)
50. Appraiser on temporary duty on any day is paid
a) Appraiser fee collected for that day subject to maximum Rs.300/-per day
b) Appraiser fee collected for that day subject to minimum Rs.300/-per day
c) Appraiser fee collected for that day subject to maximum Rs.400/-per day
d) Appraiser fee collected for that day subject to minimum Rs.400/-per day
Ans : (c)
51. Maximum amount that can be secured under gold security scheme
a) Rs. 2,00,000/- b) No ceiling
c) Rs. 3,00,000/- d) Rs. 1,00,000/-
Ans : (b)
52. Under CVL Scheme, monthly remittance of interest is
a) Not necessary b) Must
c) Not necessary if a major portion of advance is remitted
d) May be waived as a special case
Ans : (b)


53. The rate applicable for canvassing agents deposits is
a) 7.5% b) 10%
c) 7% d) FD rate from time to time
Ans : (a)
54. As per the existing standing orders, the appointing authority for all the positions under
classes A,B,C and D shall be
a) Board of Directors b) Chief Minister
c) Managing Directors d) Chairman
Ans : (c)
55. At present, a non-prized defaulted subscriber has to remit interest @
a) 12% b) 10%
c) 14% d) 9%
Ans : (d)
56. For advance payments in chitty interest is charged for prize money payable excluding
a) NCL and RSC
b) Amount kept under Chitty suspense and RSC
c) PBL and amount kept under chitty suspense
d) NCL and unsecured amount kept as deposit
Ans : (b)
57. The rate of RR interest of chitty at present for settling under OTS
a) 10% b) 9%
c) 13.5% d) 18%
Ans : (a)
58. In chitty :- A duplicate pass book is issued when
I. NCL availed
II . Subscriber prized the ticket
III. after clearing the default in chitty
IV. book is irrecoverably lost
V. the original pass book is pledged as security for any of the schemes of the company
which of the following is not true?
a) I & V b) IV & V
c) II & III d) I & IV
Ans : (c)


59. Mr. P applied for a NCL of Rs.50,000/- in a 2500 x 40 denomination chitty immediately
after Ist auction. The security offered is Kissan Vikas Patra. The sanctioning authority of
NCL is
a) Regional Manager b) Business Manager
c) Managing Director d) Branch Manager
Ans : (d)
60. Mr.X applied for a NCL of Rs.1,00,000/- in a chitty after the completion of 10% of
instalments. The sanctioning authority is
a) Branch Manager b) Regional Manager
c) Finance Manager d) Sr.Manager in Regional Office
Ans : (a)
61. For finding the paid-up amount of passbook loan :-
a) Only proportionate foremans Commission is deducted
b) Only foremans Commission and debit balance if any is deducted
c) Only foremans Commission and 5% incidental charges deducted
d) Proportionate foremans Commission and debit balance if any is deducted
Ans : (b)
62. Lower limit of CVL advance is
a) Rs. 1000 b) Rs. 2000
c) Rs. 3000 d) Rs. 5000
Ans : (a)
63. If property security is offered for CVL advance of Rs.75000/-, valuation fee
a) Waived
b) Rs. 250/- alone charged
c) charged for only advances above 1,00,000
d) Must be charged
Ans : (d)
64. The forced sale value of property required for CVL is
a) 1-3 times of loan amount
b) Two times of future liability
c) 1.5 times of advance
d) Equal to CVL advance plus interest
Ans : (b)
65. Option money for the CVL advance is
a) Rs.12 b) Rs.1
c) Rs. 62 d) No option money is charged
Ans : (d)


66. Valuation fee for property security is
a) 1% of future liability in chitty and loans subject to minimum 350/- and maximum 500/-
b) 1% of chitty sala/ loan amount subject to minimum 350/- and maximum 600/-
c) 1% of chitty sala/ loan amount subject to minimum 100/- and maximum 600/-
d) 1% of chitty sala/ loan amount subject to minimum 350/- and maximum 500/-
Ans : (b)
67. The maximum loan amount sanctioned under NHFS for purchase of dwelling site
a) Rs. 3,00,000/- b) Rs. 2,00,000/-
c) Rs. 4,00,000/- d) Rs. 10,00,000/-
Ans : (c)
68. In NHFS, the period of repayment of loan, irrespective of its purpose, will be within the
date of attaining__________ years of age by the applicant.
a) 60 b) 68
c) 70 d) 65
Ans : (d)

69. The conditions specifying for non-operative sugama account is
a) All Sugama accounts with balance below Rs.250/- which have continuously non-
operative for one year.
b) All Sugama accounts with balance below Rs.250/- which have continuously non-
operative for six year.
c) All Sugama accounts with balance below Rs.100/- which have continuously non-
operative for one year.
d) All Sugama accounts with balance below Rs.100/- which have continuously non-
operative for six year.
Ans : (a)
70. The Bank guarantee should cover an amount
a) Equal to 3 instalments more than the future liability
b) Equal to six instalments more than the future liability
c) Equal to one instalments more than the future liability
d) Equal to two instalments more than the future liability
Ans : (c)
71. For pledging pass book of non-prized chitties, the paid up value should be sufficient to
cover the future liability together with interest on the future instalments upto the date of
termination of
a) The chitty which terminates last
b) The pledged non-prized chitty
c) The chitty which terminates first
d) None of these
Ans : (b)
72. In the case of FCNR (Non-resident foreign currency account) deposits, the value taken as
security is
a) Face value b) Issue Price
c) Surrender value d) 90% of buying rate as on the date.
Ans : (d)
73. In the case of flexy trade loan, the loanee should open an account by remitting Rs
a) Rs. 1000/- b) Rs. 2000/-
c) Rs. 100/- d) 0.1% of loan account sanctioned
Ans : (a)
74. Chitty variola may be destroyed :-
a) More than 8 years after the termination of chitty
b) More than 10 years after the termination of chitty
c) More than 7 years after the termination of chitty
d) More than 15 years after the termination of chitty
Ans : (b)
75. Mr.P. Submitted a CVL application for the purchase of computer. The maximum period
a) 5 Years b) 3 Years
c) 2 Years d) 4 Years
Ans : (b)
76. The excess amount received by way of appraiser fee is transferred to regional office, where
it shall be accounted under the head
a) Gold loan Reserve A/c
b) Appraiser fee Receivable A/c
c) General fund (GL) A/c
d) Appraiser fee Reserve A/c
Ans : (c)
77. In normal situations, canvassing expenses upto 3% is allowed when
a) Below 50% of tickets in a chitty canvassed directly
b) Above 75% of tickets in a chitty canvassed directly
c) Above 25% of tickets in a chitty canvassed directly
d) Above 50% of tickets in a chitty canvassed directly
Ans : (d)
78. The existing Original variola registration fee for chitty registration is
a) 3% of chitty sala b) 2% of chitty sala
c) 2.5% of chitty sala d) Rs 100/-
Ans : (a)


79. As per the Kerala chitties Act 1975, the mode of ascertaining the price winner at any
instalment is
a) Prizing b) Drawing
c) Auctioning d) Discounting
Ans : (b)
80. The share of a subscriber in the discount available under the variola for rateable
distribution among the subscribers at each instalments of the chitty is
a) Prize money b) Veetha Palisa
c) Forfeited dividend d) Chitty Amount
Ans : (b)
81. As per the Chitty Act the amount of discount in a chitty shall not exceed
a) 25% of Chitty amount b) 5% of chitty amount
c) 30% of chitty amount d) 25% of veethapalisa
Ans : (c)
82. For withdrawal of one of foremen from a chitty, the assent should be given by
a) Majority of Subscribers b) All prized Subscribers
c) All prized and un paid subscribers
d) All non-prized and un paid prized subscribers
Ans : (d)
83. Foreman may convene a meeting of the general body of subscribers for considering
proposal to pass a special resolution in
a) Requisition in writing of not less than 50% of non-prized and unpaid prized subscribers
b) Requisition in writing of not less than 25% of non-prized and unpaid prized subscribers
c) Requisition in Oral of not less than 25% of non-prized and unpaid prized subscribers
d) Requisition in writing of not less than 75% of number of non-prized and unpaid prized subscribers
Ans : (b)
84. The Head of chitty Administration
a) Chitty Inspector b) District Registrar
c) Prosecuting Inspector d) Inspector General Registration
Ans : (d)
85. Passbook, the true copy of variola, shall be in
a) Form No.V b) Form No. VIII
c) Form No. VII d) Form No. IX
Ans : (b)
86. Balance sheet in respect of chitties the duration of which is less than one year is
a) Not required b) Required
c) Sometimes required d) Waived as a special case.
Ans : (b)


87 KSFE introduced Safe Deposit Locker facility for the first time in
a) 2007 b) 2008
c) 2005 d) 2006
Ans: c) CIR No 10/2005 Dated : 15-02-2005

88 The maximum limit of liability of property accepted as securities, in which the
property used for industrial purpose is
a) 20 lakhs b) 1 Crores
c) 2 Crores d) 15 lakhs
Ans: d)

89 In Chitty Schemes like Swarna Varsha and Suvarna Sreyas Chittikal, the expense towards
payment of Gold coin, gifts and cash in lieu of prize can be debited

a) Canvassing Exp.A/c
b) Sales Promotion & Publicity A/c
c) Fringe benefit Tax
d) Office maintenance A/c
Ans: b)

91 The presents rate of depreciation on Software and Data Processing Equipments is
a) 40% b) 20%
c) 25% d) 28%
Ans: a)

92 The fidelity insurance guarantee of gold appraiser, where the units having an outstanding
gold loan amount of above Rs. One crore
a) Rs. 50000 b) Rs. 35000
c) Rs. 1,00,000 d) Rs. 25000
Ans: c)

93 Plantation properties can be accepted up to _____________% of adopted market value (maximum)
a) 60% b) 75%
c) 40% d) 50%
Ans: d)

94 A canvassing agent is expected to contribute at least __________% of tickets in a chitty
a) 12% b) 15%
c) 10% d) 8%
Ans: c)


95 In Pravasi Baudhu Chitty a line of credit up to Rs___________ can be sanctioned bearing a
interest of ____________% on daily product basis (Assume chitty instalments are remitted
upto date)
a) 2,00,000 & 13.5%
b) 2,00,000 & 15%
c) 100000 % 15%
d) 1,00,000 & 15%
Ans: b)

96 PBC Marriage loan sanctioned to an extent of _______ before 10 instalments of chitty
a) 75% of sala b) 50% of sala
c) 70% of sala d) 60% of sala
Ans: b)

97 The requirment of security at the time of availing PBC marriage loan is
a) For loan amount only
b) For future liability of Loan
c) For 50% of sala
d) For future liability of chitty
Ans: d)

98 The PBC car loan is sanctioned to those subscriber remitting monthly gross subcsription
of Rs. 5000/- or more and chitties having 40 to 60 months duration The statement is
a) Correct b) Wrong
c) Partially correct d) None of these
Ans: a)

99 (A) PBC Car loan will be upto 70% of sala or 85% of road cost which ever is less
(B) Securities applicable for chitty and NCL are acceptable
(C) The interest of PBC Car loan is 12%
(D) 50% of the value of vehicle will be accepted as security for chitty.

Which of the following combination is true ?
a) ACB b) CDB
c) ADC d) ADB
Ans: d)

100 The maximum loan limit under PBC Housing Finance is
a) 15 lakhs b) 10 lakhs
c) 7 lakhs d) 12 lakhs
Ans: b)


101 Mr.X. applied for a marriage loan under Pravasi Baudhu Chitty Scheme in a 5000x100
monthly chitty. The manager sanctioned the loan. The action of the manager is
a) Regular b) Irregular
c) Should be ratified from RO d) None of these
Ans: b)

102 The aggregate advance under PBC is
a) 50% of sala or 20 lakhs which ever is less
b) 70% of sala or 20 lakhs which ever is less
c) 70% of sala or 15 lakh which ever is less
d) 50% of sala or 10 lakhs which ever is less
Ans: b)

103 Loans in connection with Pravasi Baudhu Chitties upto Rs_________ lakhs can sanctioned
by Branch Manager
a) 3 lakhs b) 5 lakhs
c) 1 lakh d) 2 lakhs
Ans: d)

104 The limit of cash balance that could the retained at a small branch on the last day of a
month where there is no Gold loan.
a) 1,00,000 b) 2,00,000
c) 3,00,000 d) 4,00,000
Ans: a)

105 Canvassing Agency System introduced with the intention of
a) Providing employment opportunities
b) Widening Customer base and facilitating the growth of chitty business.
c) Providing better service to our customers
d) None of these
Ans: b)

106 As per existing rules maximum amount allowed under Employees House Loan
a) 45 months basic pay for the month of March in the year of application subject to
maximum Rs. 10 lakhs
b) 45 month basic pay for the month of February in the year of application subject to
maximum Rs. 10 lakhs
c) 60 months basic pay for the month of February in the year of application subject
to maximum of Rs. 8 lakhs
d) 60 months basic pay for the month of February in the year of application subject
to maximum of Rs. 10 lakhs
Ans: d)


107 Interest rate of CSDT for Senior citizens
a) 10.5% b) 10.25%
c) 10% d) 10.75%
Ans: a)

108 The upper limit of NCL is
a) 50% of sala subject to maximum of Rs.15 lakhs irrespective of the no. of tickets
b) 50% of sala subject to maximum of Rs. 25 lakhs by restricting the total live loans
tofour
c) 50% of sala subject to maximum Rs. 50 lakhs per subscriber irrespective of the
number of tickets held
d) 50% of sala subject to maximum Rs. 75 lakhs per subscriber irrespective of the
number of tickets held
Ans: c)

109 Chitty future liability Rs. 6,50,000/-
Security : Property
Accepted valuation
(Committee valuation) : Rs. 12,00,000/-
Valuer fee payable and valuation fee is
a) Rs. 500 and 750
b) Rs. 750 and Rs. 600
c) Rs. 500 and Rs. 600
d) Rs. 750/- and Rs. 350/-
Ans: b)

110 The maximum liability that can be secured by property Security as an individual or
proprietor
a) Rs. 1.5 Crores b) Rs. 2 Crores
c) Rs. 3 Crores d) Rs. 25 lakhs
Ans: a)

111 As per relaxed Surety norms, the upper cap on the eligibility limit of SREG category is raised to
a) 8 times of Basic + DA + Personal pay
b) 8 times of Net salary
c) 10 times of Net salary
d) 10 times of Basic pay + DA + Personal pay
Ans: d)
112 Mr. X running a small pan shop. His daily average income is Rs. 150/- and this was
ascertained by the (self surety) unit head. The maximum liability that can be accepted for
availing prize money of Mr.X is
a) Rs. 36000/- b) Rs. 24000/-
c) Rs. 48000/- d) Rs. 12000/-
Ans: b)

112 Personal surety can be accepted for a maximum liability (Multiple cases)
a) 3,00,000/- b) 10,00,000
c) 2,00,000/- d) 7,50,000
Ans: b)

113 For referring RR Cases, form Annexure I is used for
a) Chitty b) RCL
c) NCL d) NHFS
Asn: a)
114 While transferring a chitty account to RR, in chitty ledger the account debited is
a) GL Adjustment and Prized collection
b) Suspense Debit only
c) HOC (RR)
d) Prize money paid account
Ans: a)

115 In NCL,CVL, TFS schemes, the rate of interest charged under RR, while closing the
account under OTS
a) 12% b) 10%
c) 13.5% d) 15.5%
Ans: a)

116 A permanent assistant should accompany a permanent employee while carrying cash of
Rupees
a) 2 lakhs and above
b) One lakh and above
c) 3 lakhs and above
d) 5 lakhs ans above
Ans: b)

117 The maximum amount sanctioned on Mangalya Loan to officers
a) Rs. 150000 b) Rs. 50000
c) Rs. 75000 d) Rs. 2,00,000
Ans: a)

118 Chappal Allowance at present to Peons/Watchman is
a) Rs.150/- b) Rs. 100/-
c) Rs. 250/- d) Rs. 350/-
Ans: d)

119 Gold loan risk allowance to Asst in Gold Loan Counters
a) Rs. 150 b) Rs. 450/-
c) Rs. 13/- per day d) Rs. 250/-
Ans: b)


120 Spectacle allowance to officers
a) Rs. 500/- twice in service (5 Years gap)
b) Rs. 1200/- twice in service (5 Years gap)
c) Rs. 750/- twice in service (5 Years gap)
d) Rs. 1000/- twice in service (5 Years gap)
Ans: b)
121 Small branches are classified on the basis of
a) Branches having sala of below 50 lakhs
b) Branches having sala of below 50 lakhs
c) Branches having sala of below 30 lakhs
d) Branches having sala of below 75 lakhs
Ans: d)

122 As per standing orders in force Compensatory holiday shall be granted within _________
months from each public holiday the employee attends office.
a) One month b) 3 months
c) 2 months d) 4 months
Ans: c)

123 TRM form with reference to Western Union Money Transfer is
a) Try Receiver Money
b) To Receive Money from
c) Transaction Restricted Message
d) Transaction Ruled Money
Ans: b)

124 The interest rate for defaulted pass book loan is
a) 15% yearly diminishing
b) 15.5% monthly diminishing
c) 13% monthly diminishing
d) 14.5% monthly diminishing
Ans: d)

125 Mr. Rajan Nair aged 66 and Mrs. Rajan Nair aged 59 deposited Rs.1,00,000/- as fixed
Deposit. The manager granted higher rate of interest applicable to Sr. Citizen. The action of the
manager is
a) Wrong b) Right
c) Partially Wrong d) Done as a special case and ratified
Ans : b)


126 The conditions contained in a variola can be altered for added by the subscribers through a
a) Special resolution b) Ordinary resolution
c) Extra ordinary resolution c) Notice
Ans: a)

127 Penal interest charged on RCL defaulters for default in particular instalment
a) 1.5% per month
b) 2% per month
c) 18% per month
d) 12% per month
e) None of these
Ans: a)

128 Annual Statement AS.72 stands for
a) NPA flexy trade loan
b) Schedule-Tax Planning Loan
c) Schedule of SAOD
d) Schedule of Door Collection Suspense
e) None of these
Ans: d)

129 RSC should always show a............................... balance
a) Debit balance
b) Credit balance
c) Either Debt or Credit
d) Nil balance
e) None of these
Ans: b)

130 Prior period items are Income or expenses which araise as a result of ................. in the
Preparation of Financial Statement
a) Error of Principle
b) Error of Omission
c) Compensating error
d) Clerical error
e) None of these
Ans: b)

131 Non prized collection of a Chitty on termination must show ........................... balance.
a) Nil balance
b) Credit balance
c) Debit balance
d) Either Debt or Credit
e) None of these
Ans: a)


132 Electoral identity can be accepted as a valid ID proof for claiming higher rate of Interest
in the case of senior citizens. is it correct?
a) Correct
b) Wrong
c) Partially Correct
d) Sanctioned as a special Case
e) None of these
Ans: a)

133 Mr. A an ex-military individual produces his discharge certificate for claiming higher rate
of interest in the case of senior citizen. The manager rejected this document. The action
of the manager is, ......................
a) Regular
b) Irregular
c) Partly regular
d) Partly regular
e) None of these
Ans: b)

134 Postal Life Insurance policies can be accepted as security if the policy has completed
............. years from the date of its issue
a) Two years
b) Three years
c) Four years
d) Five years
e) None of these
Ans: b)

135 Recalculation of EMI in RCL accounts allowed when
a) The loanee upto date his account at all times.
b) When the RCL account referred to RR
c) when a lump sum portion remitted towards advance and it should be at least 15%
of the original loan amount availed.
d) When a lump sum portion remitted towards advance and it should be at least 10%
of the original loan amount availed.
e) None of these
Ans : d

136 The maximum period of Mangalya loan is
a) 36 months or up to the retirement whichever is less
b) 48 months or up to the retirement whichever is less
c) 60 months or up to the retirement whichever is less
d) 84 months or up to the retirement whichever is less
e) None of these
Ans: b)


137 Non-prized chitties where remittance are up to date can be transferred to another person
at the cost of stamp paper worth ................... of the gross subscription. (In municipality
limit)
a) 8.5%
b) 6%
c) 7%
d) 6.5%
e) None of these
Ans: a)
138 The total of processing charge and administrative expenses in NHFS limited to
a) % of loan amount sanctioned minimum Rs.250/-
b) 1% of loan amount sanctioned maximum Rs.500/-
c) 1% of loan amount sanctioned minimum Rs.250/-
d) 1% of loan amount subject to a minimum Rs.500/-
e) None of these
Ans: d)

139 In accepting LIC policy as security, Letter of assignment is in form No.
a) INS I
b) INS IV
c) INS III
d) INS II
e) None of these
Ans : d)

140 In NHFS the maximum eligible advance for additional construction/renovation
a) Rs. 3 lakhs b) Rs.5lakhs
c) Rs. 7 lakhs d) Rs. 15 lakhs
Ans: d)

141 The document containing the articles of agreement between the foreman and the
subscribers relating to the chitty, and includes vaimpu and kurippattika or other similar
instruments.
a) Minutes
b) Subscriber Register
c) Passbook
d) Variola
e) None of these
Ans: d)

142 The foreman shall convene a meeting on the requisition in writing if not less than
..............% of the number of non-prized and unpaid prized subscribers
a) 331/3%
b) 50%
c) 25%
d) 51%
e) None of these
Ans: c)


143 A vanola relating to a Chitty shall conform to the standard set forth on form No.
a) VI
b) V
c) VIII
d) IC
e) None of these
Ans: a)

144 The first balance sheet shall be prepared and presented before the Register of Chitties
within fifteen months from the date of commencement of chitty and the succeeding
balance sheets within .................. months there after.
a) 13
b) 11
c) 14
d) 15
e) None of these
Ans: e) (12 months)

145 Not less than ........................ days notice in writing shall be given to the foreman before
the Inspecting officer inspects the Chitty Records kept by the foreman.
a) 14
b) 7
c) 21
d) 28
e) None of these
Ans: b)

146 The revised rent for Safe Deposit Locker provided by KSFE is(Other than existing
customers and staff)
a) Rs. 700 per annum
b) Rs. 800 per annum
c) Rs .450 per annum
d) Rs. 500 per annum
Ans: b)
147. The first Auction of chitty determines
a) The amount for Ist instalment
b) Amount for Piricheduppu
c) Amount of last instalment
d) Amount of second instalment
Ans : (d)

148 The Encumbrance certificate of the property will reveal
a) If there any kudikidappu in the property for a specified period
b) All the charges created on the property for the specified period
c) The registered charges / transactions for the specified period
d) The charges of all registered mortagages on the property
Ans : (c)

149 Scholarship to the Children / Spouse of the employees for higher education given
by the company debited to
a) Staff welfare A/c b) Scholarship A/c
c) HOC (General) d) Office maintenance A/c
Ans: (b)
150 A door collection agent collects Rs 16 lakhs during a month out of which, Rs.2 lakh
pertains to monthly collection having single collections above Rs.10000. The total
commission paid to the agent is
a) 16000 b) 17000
c) 18000 d) 19000
Ans : (d)
151 The maximum amount granted per gram of gold for gold security in special cases
a) 1800 b) 2150
c) 2050 d) 2000
Ans : (b)
152 The contract amount given to Ex-service personnel deployed in KSFE branches ie,
Assistants, Peons and Security Guards:-
a) 4500, 4000 and 3800 b) 4750, 4250 and 4050
c) 7000,6000and 5500 d) 5000, 4500 and 3800
Ans : (c) Circular 104/2009
153 The rate of service charges to be collected at branch from RR defaulters before the
issue of RRC, if the defaulter willing to settle the account
a) 1.04 % b) 4.04%
c) 10.3% d) 1%
Ans : (d)
154 The number of cheques collected from General Category subscribes while an
amount granted as per relaxed surety norms.
a) 5 b) 4
c) 2 d) Need not be collected
Ans : (a)
155 First action of chitty is on 22-1-2009. Due date for subsequent instalments 10th of
every month. If a subscriber prized the ticket in first action, the due date of payment
of prize money is
a) 21.2.2009 b) 12.2.2009
c) 10.2.2009 d) 20.2.2009
Ans : (c)
156 Due date of chitty 6th of every month. Chitty prized on 6.1.09 Subscriber availed
prize money on 28.1.09. No. of days for calculating interest on advance payment is
a) 8 days b) 9 days
c) 10 days d) 30 days
Ans : (b)
157 The maximum liability that can be secured by property is limited to Rs..............for
firms and body corporates
a) 2 Crores b) 1 Crore
c) 15 lakhs d) 50 lakhs
Ans : (a)
158 Future laibility of chitty is Rs.60,000/- Property offered as security and having a
market value of Rs.1,10,000. The manager granted full prize money Can the action
of manager is justifiable.?
a) No b) Yes, Since the subscriber is trustworthy
c) Yes, Prize money paid by waiving 10% on the liability to be secured
d) Yes, The customer joined in Pravsi Bandhu Chitty.
Ans : (c)
159 Know your customer application is required for a customer/investor
a) depositing Rs.1,00,000/- and above b) depositing Rs. 75,000/-and
above
c) depositing Rs.1,85,000/- and above d) depositing Rs. 50,000/- and
above
Ans : (d)
160 Mr.X joined in Suvarna sreyas chittikal 2011. The ticket subsequently prized. He
deposited the prize money in CSDT The interest rate applicable
a) 10.25% b) 10%
c10.5% d) 11%
Ans : (c)
161 Head Office sanction should be obtained for starting chitties with monthly gross
subscription of
a) Rs. 25,000 and above b) Rs. 50,000 and above
c) Rs. 1,00,000 and above d) Above Rs.50,000
Ans : (b)
162 Mr.P, a canvassing agent canvassed 10 tickets in a 5000 x100 months chitty. The
commission payable is (without TDS)
a) Rs. 6000 b) Rs. 6500
c) Rs. 7000 d) Rs. 7500
Ans : (d)
163 The bonus commission granted to an agent for canvassing 25% and more
subscribers in a chitty is
a) 1% b) 2%
c) 5% d) 10%
Ans : (a)
164 The door collection commission payable to a collection of above Rs.15,00,000/-
a) 0.5% b) 0.75%
c) 1% d) No commission
Ans : (a)
165. The present interest rate for RCL is
a) 11% (Simple) b) 13.5% (Simple)
c) 11% (Yearly diminishing) d) 13.5% (Yearly diminishing)
Ans : (d)
166. The number of gold loan advance that could be given to a particular person in a
working day should not exceed.................in the ordinary course
a) 5 b) 3
c) 4 d) 1
Ans : (b)
167 Mr. Ravi, an unemployed person offered SRNEG employee (eligible to accept as
surety) as surety for a chitty having FL of Rs.68,000/-. The manager rejected the
application. The action of the manager is
a) Irregular b) Regular
c) Should ratified from RO d) None of these
Ans : (a)
168 The limit of liability accepted on property security at branch level for chitty is
a) 2 lakhs b) 5 lakhs
c) 10 lakhs d) 15 lakhs
Ans : (c)
169 Penal interest for gold loan at present is
a) 2% on interest per month b) 2% on advance
c) 1.5% on interest d) .5% on advance
Ans : (a)
170 The chitty security bond prepared in stamp paper worth Rs..................
a) 250 b) 3%
c) 2% of sale d) Rs.100
Ans : (d)

171 Present limit of insurance cover for cash -in-transit is
a) 15 lakhs b) 20 lakhs
c) 10 lakhs d) 5 lakhs
Ans : ( b)
172 Cycle allowance to Peons
a) Rs.250 b) Rs.150
c) Rs.120 d) Rs.200
Ans : (a)
173 The yearly medical allowance to PT employees
(a) Rs.1750/- b) Rs.1300/-
c) Rs.3850/- d) 2850/-
Ans : (d)
174 The hospitalization expenses reimbursed to employees for the treatment of
dependant parents is limited to
(a) 1.25 times of monthly basic pay +DA of employee, Min Rs 15000
b) 1.5 times of monthly basic pay +DA of employee, Min Rs 5000/-
c) 2 times of monthly basic pay +DA of employee, Min Rs 7500/-
d) Equal to monthly basic pay +DA
Ans : (a)
175 The office hours specified for P.T employees in evening branches
(a) 8 a.m to 1.p.m b) 10 a.m to 2.p.m
c) 11 a.m to 4.p.m d) 11 a.m to 3.p.m
Ans : (c)
176 As per standing order, late leave for coming to office late by more than.......is not
allowed
(a) 15 minutes b) 30 minutes
(c) 20 minutes d) 10 minutes
Ans : (d)
177 Unit heads in units shall use.... ink in initialing attendance register
(a) blue b) black
c) Red d) Violet
Ans : (c)
178 Cashiers charge allowance per day is
(a) Rs.12/- b) Rs.7/-
c) Rs. 25/- d) Rs.20/-
Ans : (c)
179 Gr.II(a) Officers, with actual pay of Rs.21240 and above but below Rs.25280/-are
eligible for daily allowance of Rs......for inside state
(a) Rs.175/- b) Rs.230/-
c) Rs.290/- d) Rs.310/-/-
Ans : (c)
180 Company employees are getting a concession of 2.5% on interest on NHFS upto
Rs.........., for those who have availed house loan
(a) Rs.75000 b) Rs.1,50000
c) Rs.175000 d) Rs.25000
Ans : (b)
181 Small branches are categorized according to sala of chitty below
(a) 70 lakhs b) 160 lakhs
c) 75 lakhs d) 30 lakhs
Ans : (c)
182 Unit heads are not authorized to issue
(a) Office Order b) Circular
c) Notes d) Memo
Ans : (b)
183 Not less than............days notice in writing shall be given to the foreman before the
Inspecting Office Inspects the chitty records kept by the foreman, as per chitity Act
(a) 7 b) 4
c) 21 d) 15
Ans : (a)
184 As per chitty Act the foreman of a chitty shall keep a day book in form No........and
a register of subscribers is form No...........
(a) X, XI b) XII, XIII
c) IX, X d) XVII, XVIII
Ans : (d)
185 The security of chitty shall be released to the foreman with a letter of authority to
the Bank after a lapse of................days from the date of publication of the
notification, if no objections in this behalf are received.
(a) 14 b) 30
c) 28 d) 31
Ans : (b)
186 ...............shall be the Ex-Officio Registrar of chitties within the local limits of his
jurisdiction
(a) District Registrar b) IG of Registration
c) Sub Registrar d) The Inspector
Ans : (c)
187 Kissan Vikas Patras completed six months from the date of issue are taken as
security as a ...........% of face value
(a) 100% b) 80%
c) 60% d) 75%
Ans : (d)
188 The depreciation rate applicable for furniture and fixtures at present is
(a) 18.1% b) 13.91%
c) 20% d) 25.89%
Ans : (a)