Sample Paper For Bank Promotion Exams by Murugan PDF

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JAIIB CAIIB STUDY MATERIALS / CAIIB DISCUSSION
BANK PROMOTION EXAMS / ONLY FOR BANKERS
murugan0501@gmail.com, admin@jaiibcaiibmocktest.com, 09994452442
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ALL THE VERY BEST FOR YOUR EXAMS
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SAMPLE QUESTIONS FOR ne
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BANK PROMOTION EXAMS
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SCALE - I, II & III

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Though we had taken enough care to go through the notes provided here, we shall not be
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responsible for any loss or damage, resulting from any action taken on the basis of the contents.
We request everyone to go through the RBI / individual bank’s website and other internal
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circulars and update yourself with the latest information through RBI website and other
authenticated sources. In case you find any incorrect/doubtful information, kindly update us
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also (along with the source link/reference for the correct information).
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K Murugan, MCA MBA CAIIB

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SAMPLE QUESTIONS FOR BANK PROMOTION EXAMS – SCALE I, II & III
As per RBI guidelines, in case of RTGS, NEFT and ECS, the credit to an accountis to be given on the basis
of ......
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a. name of account
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b. account number
c. name of account and account no
d. any of these
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Ans - b
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Special Mentioned Accounts (SMA) attracts accelerated provisioning norms where banks ...... (i) Fail to
report SMA status of the accounts to CRILC, (ii) Resort to methods with the intent to conceal the actual
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status of the accounts, (iii) Evergreen the account
a. Only (i) and (ii)

b. Only (i) and (iii) ne
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c. Only (ii) and (iii)
d. (i), (ii) and (iii)
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Ans - d
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Which of the following is the objective of asset liability management?
a. assets and liabilities are managed in such a manner that risk is minimum to the bank
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b. residual maturity of assets and liabilities should be equalized

c. net earning from interest is maximized within the overall risk-preference of the institutions.
d. all the given options
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Ans - c
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What is the risk weight for housing loans to Commercial Real Estate Residential Housing Sector(CRE-RH)
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a. 50%
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b. 75%
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c. 100%
d. 125%
Ans - b
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Sukanya Samriddhi Yojana
Answer the following questions regarding Sukanya Samriddhi Yojana
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1. SSY can be opened for ...... (i) Your girl child, (ii) Your boy child, (iii) your adopted girl child
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b. Only (i) and (iii)
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2. Pre-Mature Withdrawal of up to 50% of the amount is allowed after the account holder turns ...... for
the requirement of ......
a. 18 year, marriage
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b. 18 year, marriage or higher education
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c. 21 year, marriage
d. 21 year, marriage or higher education
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3. ...... on this account is also exempted from income tax. (i) Interest, (ii) Maturity amount
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a. Only (i)
b. Only (ii)
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c. Either (i) or (ii)

d. Both (i) and (ii)
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4. How many number of deposits permitted in a year? (i) No fixed number of deposits, (ii) The depositor
can deposit a multiple of Rs 100 through out the year, (iii) Maximum 12 number of deposits in a year
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.b
5. The account is limited for ...... of the parents

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a. 1 Girl Child
b. 2 Girl Children
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c. 3 Girl Children
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d. 2 girl children or 3 in case of twin girls as second birth or the first birth itself results in 3 girl children
6. After the maturity Period, you will get the interest rate of ......
a. Savings Deposit
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b. 6%
c. 7%
d. No interest
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7. List of documents required for opening a SSY Account are ...... (i) Certificate of Birth of the Girl child,
(ii) Proof of Address of parents/guardians, (iii) Proof of identity of the parents/guardian
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8. SSY account can be opened under the name of the girl child, till she attains an age of ......
a. 10 years
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b. 11 years
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c. 12 years
d. 14 years
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9. The maximum limit for deposits in the SSY account is Rs. ...... per year
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a. 1,00,000
b. 1,50,000
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c. 2,00,000
d. No limit
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10. The maturity duration of the account is ...... from the date of opening the account
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a. 10 years
b. 14 years
c. 21 years
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d. 25 years
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11. Maximum period upto which deposits can be made is ...... from the date of opening of the account
a. 10 years
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b. 14 years
c. 21 years
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d. 25 years
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Answers :
1-b, 2-b, 3-d, 4-a, 5-d, 6-d, 7-d, 8-a, 9-b, 10-c, 11-b
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A loan to an MSE has been guaranteed by CGTMSE. What is the risk weight of the guaranteed portion of
this loan for the purpose of capital adequacy ratio:
a. 0 percent
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b. 20 percent
c. 50 percent
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d. 100 percent
Ans - a
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X had given mandate in the name of b. to operate his current account. b. signed a cheque on July 12,
2012 which was presented on July 31, 2012. b. however, expired on July 22, 2012.
a. the cheque shall be returned as, on date of presentation, the signatory of the cheque had died
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b. the cheque shall be returned as, with death of the agent, his authority is terminated.
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c. the cheque shall be paid, as with death of agent, the authority of principal continues to be in
operation
d. the cheque shall be paid after getting consent of the principal, who is still alive
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Ans - c
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Bank can’t proceed against the borrower under SARFAESI Act where ...... (i) Security is agril land, (ii)
Liability is less than Rs. 1 lac, (iii) Liability is less than 20% of the principal
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Ans - d
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What is the limitation period in case of execution of decree issued by a court?

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a. 3 years from the date, when copy of decree is received by the bank
b. 12 years from the date, when copy of decree is received by the bank
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c. 12 years from the date of decree

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d. 3 years from the date of decree
Ans - c
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In the context of prudent guidelines on asset classification, the term out of order is used in respect of
which of the following accounts ......
a. term loans
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b. cash credit or overdraft
c. bills purchase or bills discounting
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d. demand loans
Ans - b
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State which one of the following statement not true with regard to disclosure norms to be made at the
footnote of Balance sheet as per RBI guidelines.
a. Movement of NPAs
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b. Large exposure – Deposit & advances
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c. Capital structure & Capital adequacy
d. Industry wise exposure
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Ans - b
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Debt service coverage ratio of a project is 1.65. It can be improved /increased with which of the
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following actions ......

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a. by reducing the amount of long term loans and the amount of capital
b. by increasing the amount of long term loans and the amount of capital
c. by increasing the amount of long term loans and by reducing the amount of capital
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d. by increasing the repayment period
Ans - d
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.b
Details of unimplemented awards of Ombudsman scheme pending for more than 3 months, are to be
placed by the banks to which of the following:
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a. Dy. Governor RBI

b. CMD / ED of the bank
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c. CEO of the bank

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d. Customer Service Committee of Board
Ans - d
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The legal amount of a cheque represent which of the following ......
a. amount in figures
b. amount in words
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c. amount in words and figures, whichever is large
d. amount in words and figures, whichever is small
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Ans - b
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Savings Bank account can be opened by ...... (i) Individuals, (ii) Trusts, (iii) Business entities
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Ans - a
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TDS is deductible on which of the following account ......
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a. all types of term deposit accounts including recurring deposit

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b. all saving bank accounts

c. all NRO accounts including saving bank,where interest is paid
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d. none of the above
Ans - c
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What is the target for RRBs under Priority sector?

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a. 100%
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b. 60%
c. 50%
d. 75%
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Ans - d
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The maximum number of operations allowed in a safe deposit vault in a single day is ......
a. one
b. two
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c. three
d. no limit
Ans - d
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RAM a transporter has been granted a loan for purchase of a truck. You will create which of the
following charge ......
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a. Assignment
b. a mortgage
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c. pledge
d. hypothecation
Ans - d
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The total interest for the financial year 2015-2016 of an individual in term deposit at “A” branch is Rs
9000 and in “B” branch is Rs 6300. The amount of TDS to be deducted is *PROVIDED PAN IS SUBMITTED+
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a. Rs 530/-
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b. Rs 1530/-
c. No TDS
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d. it depends on the age of A

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Ans - b
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A cheque issued in favour of self/order is presented for payment ......
a. Bank should refuse the payment of cheque

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b. Bank should pay the cheque

c. Bank should pay to the drawer or person authorised by him after identification.
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d. None of the above
Ans - c
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There is credit balance in the account for Rs.3000.00. Three cheques with amount of Rs.1200, 1100 and
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1000 are simultaneously presented. Bank will pay the cheques with amount of Rs.:
a. Rs.1200 only
b. Rs.1000 only
c. Rs.1100 only
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d. Rs.1000 and Rs.1100
Ans - d
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A paying bank can get protection u/s 85(1) of NI Act on the following ......
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a. A forged endorsement
b. Forged signatures of drawer
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c. Both the above
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Ans - a
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A paying banker is absolved from his responsibility if he ......
a. Pays the cheque in due course

b. Pays within prescribed time ne
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c. Pays according to apparent tenor
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Ans - a
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For wrongful dishonour of a cheque, drawee bank will be responsible to ......
a. The payee
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b. The drawer
c. The holder
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Ans - b
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What is the maximum loan amount that can be given under Small Manufacturing Units under MSME?
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a. 100 lakh
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b. 200 lakh
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c. 300 lakh
d. No limit
Ans - d
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Answer the following questions regarding Bharat QR.
1. Bharat QR is ...... Mobile payment solution
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a. P2P (Person to Person)
b. P2M (Person to Merchant)
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c. M2P (Merchant to Person)
d. M2M (Merchant to Merchant)
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2. Bharat QR is mutually derived among ...... payment networks. (i) NPCI, (ii) Visa, (iii) Mastercard
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x
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3. What are the charges for using Bharat QR?
a. No additional charges for making transaction through Bharat QR

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b. Depends on the Bank
c. Depends on the App
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d. Depends upon the transaction amount
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4. Can multiple bank cards be linked on same App?

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a. No. Multiple cards can't be linked in a single app

b. Yes. Multiple cards of multiple banks can be linked in a single app
c. Yes. Multiple cards of the same bank can be linked in a single app
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5. First factor of 2FA for Bharat QR is MPIN for the mobile application login. Second factor is taken as
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...... (i) MPIN, (ii) OTP, (iii) ATM pin

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a. Only (i) or (ii)

b. Only (i) or (iii)
c. Only (ii) or (iii)
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d. (i) or (ii) or (iii)

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6. What is the Daily transaction limit?

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a. Rs. 10000
b. Rs. 20000
c. Rs. 50000
d. Set at Bank’s end
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7. How many Bharat QR transactions can be done in a day?
a. 25
b. There is no limit on number of transactions
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c. There is no limit on number of transactions but subject to daily transaction amount limits on your
Debit/Credit Cards
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d. Set at Bank's end
Answers :
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1-b, 2-d, 3-a, 4-c, 5-d, 6-d, 7-c
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Reverse Mortgage Loan (RML) Scheme, though apparently enables senior's regular income by pledging
home with the lending bank, the product has not met with much success due to obvious reasons such as
non-availability of regular income beyond tenure leading to uncertainty as to how manage without
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payment after the loan term, quantum, etc. To overcome the weakness of the scheme, an improved
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Reverse Mortgage Loan enabled Annuity Scheme (RMLeA) has envolved as significant improvement over
the initial RML product variant.
Answer the following question:
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01. RMLeA scheme has been promoted by ......
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(i) National Housing Bank

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(ii) HDFC Ltd

(iii) Central Bank of India
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(iv) Star Union Daichi life insurance Company ltd.
a. (i) and (ii) only

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b. (iii) and (iv) only

c. (i),(iii) and (iv) only
d. (i),(ii) and (iii) only
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02. Which of the following features are true in respect of RMLeA?

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(i) Married couples will be eligible as joint borrower for financial assistance
(ii) Joint borrower will have the option to receive the annuity separately in their respective individual
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names on proportionate basis that may decide

(iii) The senor Citizen borrower are eligible to receive assured life-time payments even after completion
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of the fixed term with increased quantum of annuity

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(vi) The periodic annuity payments are subject to Income Tax and Taxable in the hand of the annuity
recipients.
a. (i),(iii) and (vi)are correct

b. (ii),(iii) and (vi)are correct
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c. (iii),(ii) and (i)are correct

d. All (i),(ii),(iii) and (vi)are correct
03. The LTV in respect of Senior Citizen in the age bracet of 70-80 as per the scheme is ......
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a.50%
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b.75%
c.70%
d.60%
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04. Under reverse Mortgage Loan Enabled Annuity(RMLeA), which of the following are considered as the
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primary annuity sourcing institution?
a. Scheduled Commercial Banks

b. Housing finance Companies
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c. Life insurance Corporations
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d. All the above
Answers
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1-b, 2-a, 3-c, 4-c
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Case study on IT Slabs & exemptions (both interest and principal repayment)?
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1. Income Tax Slabs for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2018-19?
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a. Rs 2,00,000
b. Rs 2,50,000
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c. Rs 3,00,000
d. Rs 5,00,000
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2. Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2018-
19?
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a. Rs 2,00,000
b. Rs 2,50,000
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c. Rs 3,00,000
d. Rs 5,00,000
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3. Income Tax Slabs for Senior Citizens (80 Years Old Or More) for FY 2018-19?
a. Rs 2,00,000
b. Rs 2,50,000
c. Rs 3,00,000
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d. Rs 5,00,000
4. An Individual can claim tax benefits on the principal repayment of a housing loan maximum to an
amount of ......
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a. Rs 1,00,000
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b. Rs 1,50,000
c. Rs 2,00,000
d. Rs 2,50,000
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5. An Individual can claim tax benefits on the Interest payment of a housing loan under Section 24(b)
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maximum to an amount of ......
a. Rs 1,00,000
b. Rs 1,50,000
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c. Rs 2,00,000
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d. Rs 2,50,000
6. If the housing loan is availed by two or more persons, each of them is eligible to claim a deduction on
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the interest paid upto ......
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a. Rs 1,50,000 each
b. Rs 1,50,000 both together
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c. Rs 2,00,000 each
d. Rs 2,00,000 both together
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7. If you are a first-time homebuyer, you can claim additional tax deduction of up to ...... on the Interest
payment per financial year under section 80EE of the Act, provided you fulfil certain conditions
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a. Rs 25,000
b. Rs 50,000
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c. Rs 1,00,000
d. Rs 1,50,000
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8. For the let-out house, you can claim deductions on ...... (i) Principal repayment, (ii) Interest payment
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a. Only (i)
b. Only (ii)
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c. Either (i) or (ii)

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d. Both (i) and (ii)
Answers :
1-b, 2-c, 3-d, 4-b, 5-c, 6-c, 7-b, 8-b
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Name the new banks commenced operations in the year 2015? (i) Bandhan Bank, (ii) IDFC Ltd, (iii) SKS
Micro
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Ans - a
s.
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Banks are focusing attention on Retail Banking since it facilitates ...... (i) Improved NIM, (ii) Stable
Business growth, (iii) Diversified Risk
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Ans - d
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There is credit balance of Rs.55000.00 in current account on 1.1.2016 and three cheques of Rs.39000,
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44000 and 46000 were presented for payment through clearing on 2.1.2016. The cheque of Rs.39000 is
in favour of ITO.
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a. Bank will pay the cheque which is in favour of ITO

b. Bank will pay the cheque with highest amount
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c. Bank will return all the cheques

d. None of the above.
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Ans - a
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.b
The paying bank paid a cheque presented through clearing house however the signature of the drawer
on cheque was forged. The forgery was made so intelligently that it could not be traced by the passing
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official.
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a. The bank is responsible for the payment to the drawer

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b. The Bank is not responsible as it is collected through other bank.

c. The Bank is not responsible as it was not visible.
Ans - a
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A bearer cheque crossed ` not negotiable’ without having two parallel lines is presented for payment at
the counter ......
a. The bank will pay the cheque as these words without lines will not constitute crossing.
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b. The bank will not pay as payment of such cheques can be made to banker only.
c. After getting identification bank would pay the cheque.
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Ans - a
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As per the recent guidelines, banks are advised to transfer the unclaimed deposits to “Depositor
Education and Awareness Fund” which includes ...... (i) Current/SB/Term Deposits, (ii) Un-reconciled
NEFT/ATM credit transactions, (iii) Undrawn balances in prepaid cards (except traveler cheques)
x
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Ans - d
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Number of free transactions at non-home ATMs has reduced from 5 to 3 with effect from 1st November
2014 in six metro cities, however ...... accounts are exempted
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a. Current
b. NRE SB
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c. Basic Savings Bank Deposit

d. b & c
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Ans - c
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.b
A customer with a bearer cheque came for withdrawing the amount of cheque for Rs. 4000/-. The
counter clerk expressed that the amount is not sufficient to pass the cheque as the balance is short by
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Rs. 700/-. The bearer of the cheque deposited Rs. 700/- and withdrawn the amount. Further account
holder objected for revealing the balance in the account. In such a situation what is his liability?
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a. It is the responsibility of the customer to maintain sufficient balance in the account while issuing
cheque and hence bank is not liable
b. Anybody can deposit amount in any account and bank has no right to stop such credits
c. Bank paid the cheque amount to the bearer since the instrument is in order in all respects
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d. Bank is not in order in disclosing the account balance to the bearer of the instrument and hence liable
for damages
Ans - d
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Which statement is correct with regard to unspent foreign currency on return to India?
a. Retain any amount of foreign currency
s.
b. Returned to AD within 90 days
c. Allowed to retain $5000 US Dollars
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d. Need to return unspent foreign currency within 180 days, if the amount exceeds $2000 US Dollars
Ans - d
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The minimum education qualification stipulated for borrower availing credit limit of Rs. 15 lakhs under
PMEGP is ......
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a. Intermediate (10+2)
b. 10th Standard
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c. 8th Class
d. None
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Ans - c
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As per AML/KYC norms, review of accounts, customer identification of data is to be updated once in ......
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years & ...... years for Low Risk and High Risk Category accounts.
a. 2 Years & 1 Year

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b. Once in two years

c. 10 yr & 2 yr
.b
d. 8 yr & 2 yr
Ans - c
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As per RBI guidelines, the exposure norms for Single and Group borrowers including infrastructure
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projects are stipulated at ...... & ...... of Bank’s Capital Funds respectively
a. 10% & 20%

b. 15% & 40%
c. 20% & 50%
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d. 20% & 40%
Ans - c
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Interest rate on Savings Bank Deposits are .......
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a. Regulated
b. Deregulated
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c. Partially regulated
d. Linked to Repo Rate
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Ans - b
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Which are the interest rates decided by the Banks? (i) Bank Rate, (ii) MCLR, (iii) SB Rate

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Ans - c
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Joint account operated “Either or Survivor”, the number of nominees can be ......
a. Joint depositors are allowed to nominate one each

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b. Only one nominee is allowed

c. No nomination facility is available for Joint Accounts
d. None
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Ans - b
.b
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Crop loan treated as NPA if the loan amount remains unrecovered for ......
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a. One Crop Season

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b. Two Crop Seasons

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c. One Crop Season + 90 days

d. Existing NPA norms that are applicable for Term Loans
Ans - b
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Under Education Loan scheme, interest subvention is provided to the students who pursue overseas
studies and belongs to ......... category and whose family annual income is Rs. 1 lakh & below. (i) SC, (ii)
OBC, (iii) EBC
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s.
Ans - d
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As per RBI guidelines Small Finance Banks are allowed to undertake the following activities ...... (i)
Deposit collection, (ii) Withdrawals, (iii) Small loans
x
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Ans - d
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Government pays agency commission to the banks @ ....... for Pension payments
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a. Rs. 50 per credit

b. Rs. 12 per credit
c. Rs. 65 per credit
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d. Rs. 60 per credit
Ans - c
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.b
PCFC advance generally allowed for a maximum period of ......
a. 360 days b. 270 days c. 180 days d. 90 days

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Ans - b
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TDS deducted by bank, is to be remitted to Income Tax authorities within ......
a. 15 days from the date of deduction

b. 7 days from the date of deduction
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c. 15 days in the succeeding month

d. 7 days in the succeeding month
Ans - d
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USB means ......
a. Urban Savings Bank account
s.
b. Ultra Small Branch
c. Uniform Savings Bank account
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d. Unique Small Finance Bank
Ans - b
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Non-remarriage certificate is required to be furnished by ......
a. recipients of family pension

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b. unmarried/windowed daughter of pensioner
c. widow of the pensioner
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d. All the above
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Ans - d
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If a pensioner dies, pension is payable ......

kp
a. till the last day of the month in which he died

b. till preceding month’s last day
c. till date of death
an

.b
Ans - c
...................................................
w
Public provident fund (PPF) account can be opened by ......

w
a. an individual
w
b. farmer
c. on behalf of a minor
d. all the above
Ans - d
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Minimum subscription in a PPF account per annum should be ......
a. 5
b. 50
m
c. 500
d. 200
co
Ans - c
...................................................
s.
What is the rate charged by banks for the discounting of approved bill of exchange?
am
a. Repo Rate
b. Bank Rate
c. Reverse Repo Rate
x
d. MCLR
Ans - b
................................................... ne
io
In case of restructured loans, the payment of installments should commence within ...... months from
ot
the date of restructure of loan.
m
a. one month
b. 3 months
ro
c. 6 months
d. 12 months
kp
Ans - d
...................................................
an
Deposits in PPF account in a year can be made maximum for ......

.b
a. two times
b. 6 times
c. 9 times
w
d. 12 times
w
Ans - d
w
...................................................
PPF account is opened for ......
a. 6 years
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b. 10 years
c. 15 years
d. 20 years
m
Ans - c
...................................................
co
It is mandatory for banks to obtain Joint Lending Agreement where the aggregate credit limits availed by
the borrower from multiple banks exceeds ......
s.
a. Rs. 100 crore
am
b. Rs. 150 crore
c. Rs. 300 crore
d. Rs. 500 crore
x
Ans - b
ne
...................................................
Quoting of PAN or submission of Form 60 is mandatory for SB accounts including KYC complaint BSBD
io
account/PMJDY account where the account balance ...... (i) Rs. 500000/- or more, (ii) Rs. 250000/- or
more, (iii) the total deposits made including transfer exceed Rs. 200000
ot

m

ro
Ans - b
kp
...................................................
Education Loans sanctioned by Banks are covered under “Credit Guarantee Fund Scheme for Education
an
Loans (CGFSEL)” managed by National Credit Guarantee Trustee Company Ltd., provided the loans are
...... (i) Sanctioned on or after 16.09.2015 and the sanctioned amount should not be more than Rs. 7.50
.b
lakh, (ii) Not backed by any collateral security or third party guarantee, (iii) The interest rate should not
be more than MCLR + 2%
w

w

w
Ans - d
...................................................
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Answer the following questions regarding (PMJJBY)

1. What is the minimum and maximum age to subscribe for (PMJJBY)?
a. Min-18, Max-40
m
b. Min-18, Max-50
c. Min-18, Max-60
co
d. Min-18, Max-70
2. What is the premium payable?
s.
a. Rs. 12/- per month
am
b. Rs. 12/- per annum
c. Rs. 330/- per month
d. Rs. 330/- per annum
x
3. What would be the amount payable on a subscriber’s death due to any cause?
a. Rs. 1 Lakh
b. Rs. 2 Lakhs ne
io
c. Rs. 3 Lakhs
d. Rs. 5 Lakhs
ot
4. What would be the premium to be appropriated towards Insurance Premium to LIC /other insurance
m
company?
ro
a. Rs. 330/- per annum per member

b. Rs. 289/- per annum per member
c. Rs. 30/- per annum per member
kp
d. Rs. 11/- per annum per member
5. What would be the premium to be appropriated towards Reimbursement of Expenses to

an
BC/Micro/Corporate/Agent?
.b

w

w
6. What would be the premium to be appropriated towards Reimbursement of Administrative expenses

w
to participating Bank?

…………………………………………………………………………………………………………………………………………………………………
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7. Who offer/administer the scheme?
m
a. United India Insurance Company
b. LIC and other Life Insurance companies
co
c. Any Non-Life Insurance company
d. All of the above
s.
8. Will this cover be in addition to cover under any other insurance scheme the subscriber may be
covered under?
am
a. Yes
b. Yes, subject to conditions
c. No
x
ne
9. Does the PMJJBY cover death resulting from natural calamities such as earthquake, flood and other
convulsions of nature?
io
a. Yes
ot
c. No
m

ro
10. Does the PMJJBY cover death resulting from suicide / murder?
a. Yes
kp

c. No
an
Answers :
.b
1-b, 2-d, 3-b, 4-b, 5-c, 6-d, 7-b, 8-a, 9-a, 10-a
..................................................
w
Whether borrower has any option to go for ...... during the currency of the loan?
w
a. Fixed Interest Rate to Floating Interest Rate

w
b. Floating Interest Rate to Fixed Interest Rate

c. a & b
d. Continue with sanctioned terms & conditions only
Ans - d
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PIN stands for ......
a. Personal Index Number

b. Permanent Index Number
m
c. Personal Identification Number
d. Permanent Index Number
co
Ans - c
...................................................
s.
EEFC Account can be opened by ......
am
a. Non Resident Indian (NRI)
b. NRI who returned to India permanently
c. Any Resident with local source of income
x
d. Residents who have forex earnings
Ans - d
................................................... ne
io
Failure of internal systems, processes and people lead to ......
ot
a. Credit Risk
m
b. Market Risk
c. Liquidity Risk
ro
d. Operational Risk
Ans - d
kp
...................................................
A cheque is received by the branch for payment issued by one of the customers. Meanwhile a request is
an
received by a public prosecutor informing that the person issued the cheque is imprisoned for criminal
activity and directs the branch not to make payment of the said cheque. What is expected by the
.b
branch?
a. Branch should not make the payment

w
b. Branch should ask for court order regarding imprisonment of the customer
c. Branch should insist written request from the public prosecutor
w
d. Branch can make the payment.

w
Ans - d
...................................................
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As per IBA Model Education Loan Scheme, the minimum & maximum age criteria for the borrower
(student) are ......
a. 18 & 35 years
m
b. 18 & 45 years
c. All majors
co
d. None
Ans - d
s.
...................................................
am
As per extant guidelines, advance against book debts (other than MSME) should not exceed .......
percent of working capital limits.
a. 10 percent
x
b. 50 percent
ne
c. 25 percent
d. 100 percent
io
Ans - b
...................................................
ot
Cash kept in the currency chest is owned by ......

m
a. Currency Chest Branch Bank

ro
b. Central Government
c. Reserve Bank of India
d. State Bank of India
kp
Ans - c
...................................................
an
Within the bank's aggregate capital market exposure of ...... of its net worth the bank's direct
.b
investment in shares/convertible bonds/debentures, units of equity oriented mutual funds/Venture

Capital funds should not exceed ........ of its net worth.
w
a. 40% & 15%

b. 30% & 15%
w
c. 40% & 20%

w
d. 80% & 50%
Ans - c
...................................................
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With regard to lockers, which of the following guideline is not issued by the RBI?
a. Branches are to link the allotment of lockers to placement of fixed deposits

b. To ensure prompt payment of locker rent, branch are to obtain a Fixed Deposit which would cover 3
m
years rent and charges for breaking open the locker
c. Branch Manager can allot the 1/3rd of vacant lockers
co
d. Wait list of lockers need not be maintained
Ans - a
s.
...................................................
am
As per the compensation policy of the bank with regard to collection of foreign cheques, bank shall pay
compensation @ ........ to the customer if the delay is beyond 45 days.
a. SB Interest
x
b. Term Deposit Rate
ne
c. MCLR
d. SB Interest + 0.75%
io
Ans - d
...................................................
ot
In terms of direction of RBI & IBA on simplified procedure for settlement of claims preferred by the legal
m
heirs of the deceased constituents, bank has to settle the death claims involving amount up to Rs. ......
ro
a. Rs. 10000
b. Rs. 50000
c. Rs. 100000
kp
d. Rs. 25000
Ans - c
an
...................................................
.b
The minimum capital required to start a new private sector bank (other than Payments Banks & Small
Finance Banks) is ......
w
a. Rs. 200 crore

b. Rs. 300 crore
w
c. Rs. 400 crore

w
d. Rs. 500 crore
Ans - d
...................................................
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Official Language Implementation Committee meetings are to be held once in ......
a. Two months
b. Three months
m
c. Six months
d. Twelve months
co
Ans - b
...................................................
s.
CDR mechanism, which of the following is not correct.
am
a. Multiple Bank Accounts
b. Rs. 10 crores & above
c. Fund & Non-fund based
x
d. Account should be NPA
Ans - d
................................................... ne
io
Branches can negotiate bills drawn under LC for non-constituents, if ......
ot
a. LC is restricted to our bank only, subject to the condition that the Proceeds will be remitted to the
m
regular banker of the beneficiary

b. LC is not restricted and proceeds will be remitted to the beneficiary
ro
c. LC bearing the clause without recourse

d. None
kp
Ans - a
...................................................
an
While receiving the payment of a bearer cheque the presenter refuses to sign on the reverse of the
cheque ......
.b
a. The bank should not make payment

b. The bank should make payment to the bearer after obtaining the stamp receipt him.
w
c. The bank will ask for guarantee from the presenter

w
w
Ans – b
...................................................
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Loan can be requested for against balance of PPF ......
a. between 2 to 4th year

b. between 3 to 5th year
m
c. between 4 to 6th year
d. between 3 to 6th year
co
Ans - d
...................................................
s.
What is the age criterion for individuals to open New Pension System (NPS)?
am
a. No age limit
b. 10 to 60 years
c. 18 to 60 years
x
d. above 60 years
Ans - c
................................................... ne
io
The maximum loan that can be allowed to third party in India against FCNR (B) deposits is ........
ot
a. Rs. 50 lakh
m
b. Rs. 100 lakh

c. Rs. 150 lakh
ro
d. No ceiling
Ans - d
kp
...................................................
Which of the following activity cannot be undertaken by Business Correspondents?

an
a. disbursement of small value loans

.b
b. collection of small value deposit

c. collection of transaction fee from customers
d. recovery of principal and interest
w
Ans - c
w
...................................................
w
Banks are installing “Cash Recyclers” which undertakes ...... (i) Cheque Deposit, (ii) Cash withdrawal, (iii)
Cash Deposit

…………………………………………………………………………………………………………………………………………………………………
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m
Ans - c
...................................................
co
Your customer approached with Fixed Deposit of other Bank with a value of Rs. 5.50 lakh (including
accrued interest) and due for payment in next 24 months and requested for a loan against the deposit.
s.
As Branch Manager how you deal with it?
am
a. Loan can be allowed up to 75% value of the deposit
b. Loan can be allowed up to 80% value of the deposit
c. Loan can be allowed only on receipt of confirmation from other Bank having noted the lien
d. No loan can be allowed against other bank deposits
x
ne
Ans - d
...................................................
io
Innovative Perpetual Debt Instrument should not exceed ...... of Tier-I Capital and the investments by
FIIs should not exceed ......
ot
a. 10% & 49%

m
b. 15% & 55%

c. 15% & 49%
ro
d. 20% & 49%
Ans - c
kp
...................................................
Mr N issued cheque for Rs 8000/- and left some blank space after the amount in words and figures and
an
gave it to his clerk. His clerk added one zero after amount written in figures and Y in the amount written
in words, making it as eighty and 80000/-. The account is debited for 80000/-. Who is responsible?
.b
a. there is material alteration and bank is negligent. Hence bank liable.

b. there is forgery due to which the bankis liable
w
c. customer is negligent in writing the cheque due to which the alteration has taken place, hence
customer is liable for the loss.
w
d. since bank has paid the amount of an altered cheque and customer was negligent, the loss to be
w
borne by both of them equally
Ans - c
...................................................
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The bank received garnishee order on saving bank account of Mr. Ram at 10.50 a.m., who deposits Rs.
5000 at 12.10 p.m. ......
a. The order would apply to this amount also.
m
b. The bank will refuse to accept the deposit as no amount can be accepted after garnishee order
c. The order will not apply to this amount
co
d. order will apply if court is informed about this
Ans - c
s.
...................................................
am
For the purpose of change in classification of an advances from standard to sub-standard category due
to non-payment of the loan, in case of crop based agriculture advances, which of the following is taken:
a. two harvest seasons
x
b. two crop seasons
ne
c. one crop season
d. two crop seasons for short duration crop and one crop season for long duration crop
io
Ans - d
...................................................
ot
As per ......, the banks cannot allow loans and advance to their Directors and the firms in which they hold
m
substantial interest
ro
a. Section 19 (2) of RBI Act

b. Section 19 (2) of Banking Regulation Act
c. Section 20 (1) of RBI Act
kp
d. Section 20 (1) of Banking Regulation Act
Ans - d
an
...................................................
.b
A loan of Rs.4 lac. was sanctioned during April 2013 and it started showing irregularity in the month of
Oct 2013. This account will be classified as ____as on Mar 31, 2015:
w
a. special mention account

b. sub-standard account
w
c. doubtful up to one year

w
d. doubtful above 1 year but up to 3 years
Ans - c
...................................................
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RBI initiates Prompt Corrective Action against commercial banks where ...... (i) CRAR below 9%, (ii) Net
NPA above 10%, (iii) ROA below 0.25%
m
co
Ans - e
s.
...................................................
am
The minimum deposit required to open “PMJDY” Account ......
a. Rs. 5
b. Rs. 50
x
c. Rs. 100
ne
d. Zero Balance
Ans - d
io
...................................................
ot
Loans not exempted from Base Rate/MCLR Purview?
m
a. Consortium Advance
b. Deposit Loans
ro
c. Export Credit
d. Loans to staff members
kp
Ans - a
...................................................
an
Under UCP 600, bank can accept/reject documents within maximum of ...... days
.b
a. 5 Banking days
b. 7 days
c. 10 days
w
d. 15 days
w
Ans - a
w
...................................................
Customer Service Standing Committee Meeting does not cover ......
a. Customer Grievances
…………………………………………………………………………………………………………………………………………………………………
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b. Staff matters
c. Credit
d. New Products
m
Ans - a
...................................................
co
Revised guidelines on Priority Sector have come into force based on the recommendations of ......
Committee
s.
a. Sri Y H Malegam
am
b. Dr K S Krishna Swamy
c. Dr C Rangarajan
d. Sri M V Nair
x
Ans - d
ne
...................................................
Visually challenged persons are allowed to avail the following banking facilities? (i) Cheque Book, (ii)
io
Debit Card, (iii) Locker
ot
m

ro
Ans - e
...................................................
kp
Corporate Bank had opened a saving bank account in the name of Mr. Subramanian and Murlidhar
operated as ‘former or survivor’. The wife of Mr.Subramanian, who is nominee in the account comes to
an
your branch and informs you that Mr. subramanian has expired a month back. She also hands over the
death certificate and requests for payment of the balance.
.b
a. the payment to the nominee will be made on proper identification as she is also having the death
certificate.
w
b. the payment will be made to the wife of deceased being legal heir of the former.
c. the payment will not be made as with the death of the former, nomination has been cancelled.
w
d. the payment will not be made as with the death of the former, survivor gets the authority to operate
w
the account and nominee comes in to picture only when none of the account holders is available
Ans - d
...................................................
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RBI is required to furnish Annual Information Return to Income Tax Department where ......
a. RBI receives an aggregates amount of Rs.2 lac. or more in a year for bonds issued by RBI
b. RBI receives an aggregates amount of Rs.3 lac. or more in a year for bonds issued by RBI
m
c. RBI receives an aggregates amount of Rs.5 lac. or more in a year for bonds issued by RBI
d. RBI receives an aggregates amount of Rs.10 lac. or more in a year for bonds issued by RBI
co
Ans - c
...................................................
s.
The Commercial Real Estate Residential Housing Sector (CRE-RH) will attract standard asset provisioning
am
of ......
a. 0.25%
b. 0.40%
x
c. 0.75%
ne
d. 1%
Ans - c
io
...................................................
ot
For service oriented micro enterprises, the investment ceiling in equipment excluding land and building
is ......
m
a. Rs.20 lac
ro
b. Rs.3 lac
c. Rs.5 lac
d. Rs.10 lac
kp
Ans - d
...................................................
an
As per provisions of which of the following, the nominated bank gets a period of ...... days to verify the
.b
documents drawn under a documentary credit:
a. RBI guidelines, 7 banking days

w
b. FEDAI rules, 5 banking days

c. UCPDC, 5 calendar days
w
d. none of these is correct

w
Ans - d
...................................................
…………………………………………………………………………………………………………………………………………………………………
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Answer the following questions regarding Atal Pension Yojana
1. The minimum age of the APY subscriber should be ......
m
a. 10 years
b. 14 years
co
c. 18 years
d. 21 years
s.
2. The maximum age of the APY subscriber should be ......
am
a. 30 years
b. 35 years
c. 40 years
d. 45 years
x
ne
3. Government co-contribute will be available to who join the scheme during the period from ...... to ......
and who are not covered by any Statutory Social Security Scheme and are not income tax payers
io
a. 01.06.2014, 31.03.2015
b. 01.06.2015, 31.03.2016
ot
c. 01.06.2014, 31.03.2016
d. 01.06.2015, 31.03.2017
m
4. Government co-contribution will be ...... % of the total contribution subject to a maximum of Rs. ......
ro
at the end of financial year
a. 25%, 1000
kp
b. 50%, 1000
c. 25%, 5000
d. 50%, 5000
an
5. The contributions can be made at ...... intervals through autodebit facility from savings bank account/
.b
post office savings bank account of the subscriber. (i) monthly, (ii) quarterly, (iii) half yearly

w

w

w
6. What will happen if a subscriber becomes non-citizen of the country?
a. The APY account can continue

b. The APY account will be closed and only his own contribution and interest on it will be returned
…………………………………………………………………………………………………………………………………………………………………
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c. The APY account will be closed and his own contribution and the Government co-contribution and
interest on it will be returned
m
7. An existing subscriber of APY can change the auto debit mode once in a year during the month of ......
co
a. January
b. April
c. July
s.
d. October
am
Answers :
1-c, 2-c, 3-b, 4-b, 5-d, 6-c, 7-b
..................................................
x
BHIM is a UPI based payment interface which allows real time fund transfer using a single identity like
ne
your mobile number or name.
Answer the following questions regarding BHIM.

io
1. Which one is not correct reagarding money sent to a wrong user?
ot
a. Matter can be referred to NCPI

m
b. A successful transaction cannot be reversed

c. You have to try and raise a collect request and hope that the user will return the same
ro
d. There is no guarantee that your amount will be reversed
2. What is correct in respect of BHIM? (i) You can't use BHIM outside India, (ii) You can use BHIM outside
kp
India to send and collect money for your local accounts, (iii) NRI/NRE accounts cannot be used for the
same.
an

.b

w
3. What are the methods available on BHIM for sending Money? (i) VPA/Mobile No (Registered on UPI),
(ii) Aadhaar Number (Should be linked to a bank account), (iii) Account Number and IFS code
w
w

…………………………………………………………………………………………………………………………………………………………………
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4. What are the charges to use BHIM?
a. Depends upon the transaction limit

b. Depends on the Bank
m
c. Depends on the App
d. NPCI does not charge any user for transacting on BHIM
co
5. Which is not correct regarding sending money using BHIM?
s.
a. Maximum of Rs. 10,000 per transaction
b. Maximum of Rs. 20,000 per day
am
c. Limit is available per app from a mobile
d. Limit is available per bank account linked on BHIM
6. Which is correct regarding collect request using BHIM?
x
ne
a. Maximum of Rs. 10,000 per transaction
b. Maximum of Rs. 20,000 per transaction
c. Maximum of Rs. 10,000 per day
io
d. Maximum of Rs. 20,000 per day
ot
7. A failed transaction amount should normally be reversed to you in ......
m
a. T+1 days
b. T+2 days
ro
c. T+3 days
d. T+4 days
kp
Answers :
1-a, 2-c, 3-d, 4-d, 5-d, 6-a, 7-c

an
...............................................
.b
As per Section 20-A of Banking Regulation Act, the loans in the name of bank directors can be remitted
(written off) with permission of which of the following:
w
a. Management Committee within the bank

b. Board of Directors of the bank
w

w
d. cannot be written off
Ans - c
...................................................
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In case of payment of Fake DD, who has to lodge complaint with police, when it is identified as fake
upon presentation – as per recent IBA guidelines?
a. Issuing Bank
m
b. Collecting Bank
c. Purchaser of the Draft
co
d. Paying Bank
Ans - d
s.
...................................................
am
When Current Liabilities are more than Current Assets ......
a. Interest burden is less

b. Company can meet its obligations
x
c. Company may not meet its obligations
ne
d. Increased Networth
Ans - c
io
...................................................
ot
Why ‘A/c Payee’ cheques are to be credited the payee’s account only?
m
a. To get protection under section 131 of NI Act

b. To comply KYC guidelines
ro
c. To comply RBI guidelines

d. To avert fraudulent conversions
kp
Ans - a
...................................................
an
Cap on Rate of Interest on FCNR deposits ......

.b
a. LIBOR + 1.25%
b. LIBOR + 1%
c. LIBOR + 2%
w
d. LIBOR – 0.50%
w
Ans - b
w
...................................................
In case of “Paripasu” what charge the subsequent creditor enjoys?
a. Equal charge
…………………………………………………………………………………………………………………………………………………………………
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b. First charge
c. No charge
d. Second charge
m
Ans - a
...................................................
co
Current Assets Rs. 48 lakh, Networking Capital Rs. 12 lakh. What is the Current Ratio?
s.
a. 1.20
b. 1.10
am
c. 1.33
d. 1.45
Ans - c
x
...................................................
ne
Mr X left India on 1st August 2003 for taking up employment in a software company in USA. In this
context, which of the following statement is true? (i) He would be treated as NRI from 1st August 2003
io
onwards, (ii) However, till that date, he would be treated as a Resident, (iii) His existing account will
continue as a resident account
ot

m

ro
Ans - d
kp
...................................................
X & Y opened SB account operated by “Either or Survivor” and exercised nomination in favor of “Z”.
an
Who is empowered to modify or cancel the nomination?

.b
a. X
b. Y
c. Z
w
d. None
w
Ans - d
w
...................................................
Provision to be maintained on substandard assets which are fully secured ......
a. 15 percent
…………………………………………………………………………………………………………………………………………………………………
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b. 20 percent
c. 30 percent
d. 5 percent
m
Ans - a
...................................................
co
A business firm has been sanctioned working capital limits of Rs.6 lac. at 25% margin by the bank and
book debt limit of Rs.4 lac. at 50% margin. What will be total margin requirement to avail the limit fully:
s.
a. 4 lac
am
b. 5 lac
c. 6 lac
d. 6.5 lac
x
Ans - c
ne
...................................................
What is the maximum time available to a customer for lodging complaint to Ombudsman?
io
a. 1 month from date of complaint made to bank and no reply received
ot
b. 1 year from date of receipt of reply from the bank but customer is not satisfied
c. 1 year from date of lodgement of complaint with the bank + 1 month, where reply has not been
m
received.
d. b or c
ro
Ans - d
...................................................
kp
is ......
an
a. Rs.20 lac
.b
b. Rs.3 lac
c. Rs.5 lac
d. Rs.10 lac
w
Ans - d
w
...................................................
w
OLTAS can be related to ......
a. BSE
b. CDSL
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
c. NSDL
d. IBA
Ans - c
m
...................................................
co
Ravi your customer of a saving bank account is approached by a person called Ram to give an
introduction to enable him to open a saving bank account with your branch to which he agrees.
Subsequently it is proved that Ravi gave introduction though he really did not know much about Ram. In
s.
such situation:
am
a. Bank can hold Ravi responsible as he carelessly gave the introduction
b. Bank cannot hold Ravi responsible as Ravi has not violated introduction rules
c. Bank can recover 50% of amount from Ravi
d. any of the above
x
ne
Ans - b
...................................................
io
FCRA Means ......
ot
a. Foreign Currency Regulation Act
b. Foreign Contribution Regulation Act
m
c. Foreign Cheques Regulation Act

d. None Of The Above
ro
Ans - b
...................................................
kp
“Four eyes concept” means ......

an
a. opening and verifying account by one person two times

b. opening and verifying account by electronic device
.b
c. opening and verifying account by two different persons

d. rejecting to open the account
w
Ans - c
...................................................
w
w
What is the Annual Guarantee Fee (CGTMSE) payable for accounts with credit limits of above Rs. 5 lakh
to women for the units located in North Eastern region?
a. 0.75 percent
b. 0.85 percent
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
c. 1.25 percent
d. 1.50 percent
Ans - b
m
...................................................
co
Break Even Point means ......
a. Sales equal to Fixed Costs
s.
b. Sale proceeds matches to Variable Costs
c. The sale proceeds will take care of fixed as well as variable costs
am
d. Sales equal to Fixed costs + Variable costs + Minimum profit
Ans - c
...................................................
x
ne
Housing Loan up to ...... is treated as Priority Sector
a. Rs. 10 lakh
io
b. Rs. 15 lakh
c. Rs. 25 lakh in Metro with population above 10 lakh & Rs. 15 lakh in other centres
ot
d. Rs. 25 lakh at all places
m
Ans - c
...................................................
ro
Nominee can exercise his right ......

kp
a. During the tenure of deposit

b. On maturity of deposit
c. Any time since he will be treated as joint depositor
an
d. On the death of the depositor

.b
Ans - d
...................................................
w
FATF means ......

w
a. Financial accounting trade federation

w
b. Financial association of traders in France

c. Foreign authority trade federation
d. Financial action task force
Ans - d
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
Name the Bank/s identified by RBI as Domestic Systemically Important Banks (D-SIB)? (i) SBI, (ii) ICICI
Bank, (iii) HDFC Bank
m
co
Ans - a
s.
...................................................
am
Integrated housing projects comprising of some commercial space can also be classified as Commercial
Real Estate Residential Housing Sector (CRE-RH) provided the commercial area in the residential housing
project does not exceed ...... of the total FSI
x
a. 5%
ne
b. 10%
c. 15%
d. 20%
io
Ans - b
ot
...................................................
m
As per RBI CIRCULAR which of the following can act as Business correspondent for banks in their efforts
towards financial inclusion ......
ro
a. SHG
b. Insurance agents
kp
c. Agriclinics
d. Post offices
an
Ans - d
...................................................
.b
The three pillars in achieving social transformation are ......

w
a. State government/the formal financial system/community base organization and NGOS

b. Money lenders/credit societies/RRBS
w
c. Primary cooperative societies/development coop banks/state coop banks

w
d. Mone of the above
Ans - a
...................................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
According to section 6 of Hindu Minority and Guardianship Act 1956, the natural guardian of a Hindu
Minor is ......
a. Father and mother after father’s death
m
b. Father and grandfather after father’s death
c. Father and mother after death of the father and grandfather after death of the mother
co
d. Mother and father after death of the mother
Ans - a
s.
...................................................
am
The Articles of Association of a company is a documents which ......
a. Defines rules and regulations for internal management of the company which are related to its day to
day functioning.
x
b. Describes the constitution and objectives of the Co.
ne
c. Is formulated to issue shares
io
Ans - a
...................................................
ot
Loans to Bank staff backed by terminal benefits attracts Risk Weights @ ......
m
a. 0 percent
ro
b. 5 percent
c. 10 percent
d. 20 percent
kp
Ans - d
...................................................
an
As per recent guidelines, the aggregate withdrawals including transfers in Small Accounts
.b
(BSBDA/PMJDY) cannot beyond ...... in a month
a. Rs. 5000/-
w
b. Rs. 10000/-
c. Rs. 24000/-
w
d. Rs. 50000/-
w
Ans - b
...................................................
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
Bank branches are required to obtain ...... while opening Current Accounts in the name of
companies/institutions, who are availing the credit facilities from other banks
a. P & C Report
m
b. Due Diligence Certificate
c. No Objection Certificate
co
d. None
Ans - c
s.
...................................................
am
All the loans sanctioned up to Rs. ...... lakhs for income generating non-farm sector activities are
classified as Mudra Loans
a. Rs. 1 lakh
x
b. Rs. 5 lakh
ne
c. Rs. 10 lakh
d. Rs. 15 lakh
io
Ans - c
...................................................
ot
Banks are allowed to accept deposits under Capital Gains Scheme in ...... (i) Savings, (ii0 Fixed, (iii)
m
Current
ro

kp
Ans - a
an
...................................................
.b
X, a pensioner is maintaining joint account (Either or Survivor) with his wife. Branch received the request
from wife of the pensioner to furnish the same account for family pension as the main account holder
expired. Branch may ......
w
a. advise the customer to close the existing account

w
b. open another account exclusively for pension purpose

w
c. a & b
d. allow the existing account for family pension payments
Ans - d
...................................................
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
"Housing for All by 2022” aimed for urban areas with following components/options to States/Union
Territories and cities:-
a. Slum rehabilitation of Slum Dwellers with participation of private developers using land as a resource;
m
b. Promotion of affordable housing for weaker section through credit linked subsidy;
c. Affordable housing in partnership with Public & Private sectors and
co
d. Subsidy for beneficiary-led individual house construction or enhancement.
Answer the following questions.
s.
1. Central grant of Rs. ...... per house, on an average, will be available under the slum rehabilitation
am
programme.
a. Rs. 1 lakh
b. Rs. 1.5 lakhs
x
c. Rs. 2.3 lakhs
ne
d. Rs. 2.7 lakhs
2. Under the Credit Linked Interest Subsidy component, what will be the interest subsidy on housing
io
loans availed upto a tenure of 15 years will be provided to EWS/LIG categories?
ot
a. 5.6 percent
b. 6.5 percent
m
c. 5.8 percent
d. 8.5 percent
ro
3. Under the Credit Linked Interest Subsidy component, what will be the subsidy pay-out on NPV basis
per house for both the categories?
kp
a. Rs. 1 lakh
b. Rs. 1.5 lakhs
an
c. Rs. 2.3 lakhs

d. Rs. 2.7 lakhs
.b
4. Central assistance at what rate per house for EWS category will be provided under the Affordable
Housing in Partnership house construction or enhancement?
w
a. Rs. 1 lakh
w
b. Rs. 1.5 lakhs

w
c. Rs. 2.3 lakhs

d. Rs. 2.7 lakhs
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
5. Central assistance at what rate per house for EWS category will be provided under the Affordable
Housing in Beneficiary-led individual house construction or enhancement
a. Rs. 1 lakh
m
b. Rs. 1.5 lakhs
c. Rs. 2.3 lakhs
co
d. Rs. 2.7 lakhs
Answers :
s.
1. a - Rs. 1 lakh
am
2. b - 6.5 percent
3. c - Rs.2.3 lakhs
4. b - Rs.1.5 lakhs
5. b - Rs.1.5 lakhs
x
...............................................
Answer the following questions regarding Education Loan

ne
io
1. The minimum age of the student should be ......
ot
a. 14 years
b. 16 years
m
c. 18 years
d. 21 years
ro
2. The maximum age of the student should be ......

kp
a. 30 years
b. 35 years
c. 40 years
an
d. 45 years
.b
3. Students pursuing full-time courses need to have a co-applicant who can be ...... (i) Parent/guardian,
(ii) Spouse (if married), (iii) Parent-in-law (if married)
w

w

w
4. Maximum Education Loan Amount can be Up to ......
a. 80 % of educational expenses
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
b. 85 % of educational expenses
c. 90 % of educational expenses
d. 100 % of educational expenses
m
5. What are the following courses in India for which education loans are available? (i) Courses such as
SAP, ERP, GNIIT, Air Hostess Training programmes, (ii) Distance learning programs and online
co
certifications, (iii) Degree/Diploma courses like Aeronautical, pilot training, shipping, etc.
s.
am
6. Aside from the fee payable to the school/college, what other expenses can be covered by the loan? (i)
Fees paid for Exams, Library, Laboratories, Hostel, (ii) Building fund, Caution deposit, Refundable deposit
x
(must be supported by receipts/bills), (iii) Costs incurred in travel, for studies abroad

io
ot
7. What is the Security required for availing Education Loan? (i) Upto Rs. 4 Lacs - No Collateral Security
m
or third party guarantee, (ii) Upto Rs. 4 Lacs - Tangible collateral security, (iii) Above Rs. 7.5 Lacs -
Tangible collateral security
ro

kp

an
Answers
1-b, 2-b, 3-d, 4-d, 5-d, 6-d, 7-b
.b
..................................................
Balances under Cash Reserve Ratio (CRR) earn interest @ ......

w
a. 3 percent p.a.
w
b. Applicable SB Interest Rate

w
c. 5 percent p.a.
d. No interest
Ans - d
...................................................
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
SARFAESI – sale notice to debtor by creditor within ........ days
a. 30 Days
b. 60 Days
m
c. 45 Days
d. 90 Days
co
Ans - a
...................................................
s.
Which of the statement is true for a public limited co.?
am
a. The no.of share holders is limited.
b. The member of branches is limited
c. The liability of the shareholder is limited.
x
Ans - c
................................................... ne
io
Against which of the following securities, the banks cannot grant loans ......
ot
a. shares of approved companies

m
b. fixed deposit of bank

c. debentures of companies
ro
d. certificate of deposit issued by banks
Ans - d
kp
...................................................
In a public limited company, maximum and minimum no. of shareholders is ......

an
a. 50 and 10
.b
b. No limit and 7
c. 100 and 2
d. 1000 and 100
w
Ans - b
w
...................................................
w
Loan against LIC policies are given based on ......
a. surrender value
b. paid up value
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
c. Insured value
d. market value
Ans – a
m
...................................................
co
Loans extended to Medium Manufacturing Enterprises shall be classified as Priority Sector provided the
loan amount should be within ......
s.
a. 2 crore
b. 5 crore
am
c. 10 crore
d. Entire amount
Ans - d
x
...................................................
ne
Which of the following is an example of Financial Assets? (i) National Saving Certificate, (ii)
Infrastructure Bonds, (iii) Indira Vikas Patra
io
ot
m

ro
Ans - d
...................................................
kp
With regard to nomination to Illiterate account, which of the following statement is correct?
a. Can extend in favour of literate only

an
b. Nomination facility is not available

c. Consent from Nominee is required
.b
d. Witness is a must
Ans - d
w
...................................................
w
A cheque is presented for payment through clearing house but due to certain reasons, it is returned
w
unpaid. The returning memo is enclosed to comply with:
a. Negotiable Instruments Act

b. RBI Act
c. Banking Regulations Act
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
d. RBI clearing House rules
Ans - d
...................................................
m
For which of the following category of loans the risk weightage for Capital Adequacy ratio purpose is
co
125% ......
a. exposure to capital market
s.
b. exposure to real estate
c. loans to strategically important non deposit taking NBFCs
am
d. exposure to NPA account in housing finance loans
Ans - a
...................................................
x
ne
Which of following document is not required to open a current account in the name of a private limited
co.?
io
a. Certificate of incorporation
b. Certificate of commencement of business
ot
c. Memorandum of association
m
Ans - b
ro
...................................................
If director of another bank requires a loan of Rs. ......, the loan can be sanctioned by Board of Directors
kp
or Management Committee
a. up to Rs.10 lac
an
b. Rs.25 lac and above

c. less than Rs.25 lac
.b
d. up to Rs.50 lac
Ans - b
w
...................................................
w
The company has its registered office in Mumbai and its factory is at Kolkatta. The Company has availed
w
credit facilities from banks branch in Hyderabad. The equitable mortgage of company's immovable
property is to be created at ......
a. Mumbai
b. Kolkata
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
c. Hyderabad
d. Any notified place in India
Ans - c
m
...................................................
co
A cheque signed by the director as authorized signatory of a company is presented for payment but at
the same time branch received information about the death of the director. Branch to ......
s.
a. Pay the cheque as he signed in fiduciary capacity
b. Stop payment
am
c. Pay the cheque on receipt of confirmation from the company
Ans - a
x
...................................................
ne
PMEGP cost of project for loans under manufacturing ...... and for Business/Service sectors .......
io
a. Rs. 15 lakhs & 10 lakhs
b. Rs. 20 lakhs & 15 lakhs
ot
c. Rs. 25 lakhs & 15 lakhs
d. Rs. 25 lakhs & 10 lakhs
m
Ans - d
ro
...................................................
Under Cheque Truncation System (CTS), the instrument deposited by the customer for collection remain
kp
with ........
a. Collecting Branch
an
b. Service Branch of Collecting Branch

c. Paying Branch
.b
d. Service Branch of Paying Branch
Ans - a
w
...................................................
w
In case where the instrument is obtained by unlawful means, the holder of the instrument will not get
w
any title as per ........
a. Section 58 of NI Act
b. Section 48 of NI Act
c. Section 89 of NI Act
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
d. Section 128 of NI Act
Ans - a
...................................................
m
Banks are required to pay DICGC fee on ......
co
a. Monthly basis
b. Quarterly basis
s.
c. Half-yearly
d. Yearly
am
Ans - c
...................................................
x
Exposure to single/group borrower up to 5% is to be provided after ......
ne
a. Borrower consent to disclose the same in notes to account in Bank’s annual report
b. Approval of Board
io
c. Charging additional interest @2%
d. a & b
ot
Ans - b
m
...................................................
ro
Why Banks prefer to reverse the contra entry immediately on expiry of Bank Guarantees?
a. To avert claim from beneficiary

kp
b. To avert maintenance of CRAR

c. To avert provisioning
d. To improve profit
an
Ans - b
.b
...................................................
Prepayment charges are exempted for ...... (i) Housing Loans, (ii) Education Loans, (iii) Agr. Loans
w

w

w

Ans - d
...................................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
Answer the following questions regarding Bharat Bill Payment System (BBPS)
1. Who has been identified to act as Bharat Bill Payment Central Unit (BBPCU)?
m
a. RBI
b. SBI
co
c. NCPI
d. Govt of India
s.
2. Banks and non-bank entities presently engaged in any of the above bill payment activities falling
under the scope of BBPS and desirous of continuing the activity are ......
am
a. mandatorily required to apply for approval/authorisation to become BBPOUs
b. allowed to decide whether they want to become BBPOUs or not
c. Any one of the above
x
d. Neither of the above
ne
3. Approval/authorisation to become BBPOUs should be applied to ......
io
a. RBI
b. SBI
ot
c. NCPI
d. Govt of India
m
4. Net worth of the non-bank entities for seeking authorisation as BBPOUs should be atleast ......
ro
a. Rs.10 crore
b. Rs.50 crore
kp
c. Rs.100 crore
d. Rs.200 crore
an
5. Whether the non-bank entities will be required to show upfront that they are meeting the capital
requirement for BBPOUs?
.b
a. Yes
b. Not required
w
c. If an entity applying for authorisation for BBPOU does not have the required networth, then they are
required to demonstrate unequivocal commitment/sources for raising the funds and also specify the
w
time period within which the funds will be raised

w
d. If they don't show upfront that they are meeting the capital requirement for BBPOUs, their
application will be rejected
Answers :
1-c, 2-a, 3-a, 4-c, 5-c
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
Answer the following questions regarding (PMSBY)
1. What is the minimum and maximum age to subscribe for (PMSBY)?
m
a. Min-18, Max-40
b. Min-18, Max-50
co
c. Min-18, Max-60
d. Min-18, Max-70
s.
2. What is the premium payable?
am
a. Rs. 12/- per month
b. Rs. 12/- per annum
c. Rs. 330/- per month
d. Rs. 12/- per annum
x
ne
3. What would be the sum assured under the scheme in case of Death?
a. Rs. 1 Lakh
io
b. Rs. 2 Lakhs
c. Rs. 3 Lakhs
ot
d. Rs. 5 Lakhs
m
4. What would be the sum assured under the scheme in case of Total and irrecoverable loss of both eyes
or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot?
ro
a. Rs. 1 Lakh
b. Rs. 2 Lakhs
kp
c. Rs. 3 Lakhs
d. Rs. 5 Lakhs
an
5. What would be the sum assured under the scheme in case of Total and irrecoverable loss of sight of
one eye or loss of use of one hand or foot?
.b
a. Rs. 1 Lakh
b. Rs. 2 Lakhs
w
c. Rs. 3 Lakhs
d. Rs. 5 Lakhs
w
w
6. Who offer/administer the scheme?
a. United India Insurance Company

b. LIC and other Life Insurance companies
c. Any Non-Life Insurance company
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
d. All of the above
7. Will this cover be in addition to cover under any other insurance scheme the subscriber may be
covered under?
m
a. Yes
co
c. No
s.
Answers
am
1-d, 2-b, 3-b, 4-b, 5-a, 6-a, 7-a
..................................................
Loan against FDR can be granted provided it is issued by ......
x
ne
a. by the same branch only
b. by the same bank only
c. any nationalized bank
io
d. any commercial bank
ot
Ans - b
...................................................
m
If the ATM has not dispensed the cash but account has been debited, the dispute regarding such
ro
transactions is to be resolved by the banks within ?
a. 15 days
kp
b. 12 days
c. 7 days
d. 3 days
an
Ans - c
.b
...................................................
A kite flying transaction represents which of the following ......

w
a. when overdraft is allowed by a bank to a firm

w
b. when additional loan is allowed by a bank to a firm to cover the amount of irregularity in the account
w
c. when a bill is drawn without consideration by seller of goods on buyer of good.

d. when loan is allowed for low amount transaction
Ans - c
...................................................
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
In terms of financing of working capital requirement of micro units under the Nayak Committee method,
the current ratio works out to be ......
a. 1.33:1
m
b. 1.25:1
c. 1.20:1
co
d. 1.17:1
Ans - b
s.
...................................................
am
Bank has sent notice for possession of the security under SARFAESI Act. The borrower can approach
which of the following ......
a. Debt Recovery Tribunal
x
b. Distt Court
ne
c. High Court
d. any of the given courts
io
Ans - a
...................................................
ot
Mr. Z, a friend of Mr. X informs the bank that X has become insane. He wants to deposit Rs.2000 in the
m
saving bank account of Mr. X ......

ro
a. the bank will have no objection in getting the amount deposited

b. the bank will not permit the amount to be deposited
c. the amount can be deposited with consent of guardian of Mr. X
kp
d. the amount can be deposited with consent of legal heirs of Mr. X, if there is no nomination, otherwise
nominee
an
Ans - c
...................................................
.b
If a property worth Rs1 lakh is insured for Rs 80000/- and the loss occurred is to the extent of Rs 60000/-
then insurance company is liable to pay
w
a. Rs 60000/-
w
b. Rs 80000/-
w
c. Rs 48000/-
d. Rs 1 lakh
Ans - c
...................................................
…………………………………………………………………………………………………………………………………………………………………
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Composite loan limit of ...... can be sanctioned by banks to enable the MSME enterprises to avail of their
working capital limit requirements through single window
a. Rs. 25 lakhs
m
b. Rs. 50 lakhs
c. Rs. 100 lakhs
co
d. Rs. 150 lakhs
Ans - c
s.
...................................................
am
Family income criteria (per annum) for DRI loans in Rural & Urban areas ......
a. Rs. 18000/- & Rs. 24000/-

b. Rs. 15000/- & Rs. 24000/-
x
c. Rs. 18000/- & Rs. 36000/-
ne
d. Rs. 24000/- & Rs. 36000/-
Ans - a
io
...................................................
ot
What is the floor limit (Min & Max) in case of CRR?
m
a. 3% & 10%
b. 3% & 15%
ro
c. 5% & 10%
d. No limit
kp
Ans - d
...................................................
an
Fiscal Policy refers to ......

.b
a. Balance of Payments
b. Govt. taxes, expenditure and borrowings
c. Govt. borrowings from Equity Market
w
d. Sale and purchase of securities by RBI

w
Ans - b
w
...................................................
IFSC code consists of ........ digits.
a. 9
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
b. 10
c. 11
d. 15
m
Ans - c
...................................................
co
Loans sanctioned to ......, are exempted from exposure ceilings.
s.
a. Priority Sector
b. Export
am
c. State/Central Government
d. Real Estate
Ans - c
x
...................................................
Right of General Lien can be exercised on ......

ne
io
a. Securities outstanding in the name of the borrower
b. Existing and Future liabilities
ot
c. Future liabilities only
d. a & b
m
Ans - a
ro
...................................................
As per Liberalized Remittance Scheme (LRS), resident individuals may remit up to ...... per financial year
kp
(April to March) for any permitted capital and current account transactions.
a. One million US Dollors

an
b. Two million US Dollors

c. Three Million US Dollors
.b
d. 2.50 lakh US Dollors
Ans - d
w
...................................................
w
On receipt of possession notice (SARFASEI) issued by the Bank, if the borrower raises objection, the
w
same should be replied within ......
a. 7 days
b. 10 days
c. 15 days
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
d. 30 days
Ans - c
...................................................
m
Delay in collection of cheque > 90 days, bank to pay Interest at applicable ......
co
a. SB Interest
b. Term Deposit Interest
s.
c. Term Deposit Interest + 2%
d. BMPLR
am
Ans - c
...................................................
x
Payment of FD beyond Rs. 20000/- in cash is violation of IT rules and attracts ......
a. Penalty & Imprisonment

b. Penalty – Double the amount ne
io
c. Penalty – Not more than deposit amount
d. No penalty
ot
Ans - c
m
...................................................
ro
Can a Private Limited company join as a partner in a partnership firm?
a. Yes
kp
b. No
c. Yes with limited liability
d. None
an
Ans - c
.b
...................................................
When PMEGP subsidy can be adjusted to loan account?

w
a. At the request of the borrower before closure of the account

w
b. After 3 years provided if there are no recoveries in the account

w
c. Discretion of the Bank

d. a & b
Ans - b
...................................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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What is the limitation period for public to approach Consumer forum for redressal of their grievances
against Bank?
a. No limitation period
m
b. One year from cause of action
c. Two years from cause of action
co
d. Ten Years from cause of action
Ans - b
s.
...................................................
am
Account opened in the name of A&B jointly and nomination is given in favour of ‘C’ . Branch received
request from the nominee for payment of deposit as ‘A’ expired. What is the course of action?
a. 50% of deposit can be paid to the nominee
x
b. Nominee has no right since other joint depositor is alive
ne
c. Amount will be paid to nominee with the consent of legal heirs of ‘A’
d. Nomination facility is not available to Joint accounts
io
Ans - b
...................................................
ot
What is the discount for inclusion of Subordinate Debt under Tier-II capital where the Sub-ordinate Debt
m
maturity is less than 18 months?

ro
a. 50 percent
b. 60 percent
c. 70 percent
kp
d. 80 percent
Ans - a
an
...................................................
.b
As per recent guidelines, Interest subvention benefit is extended to ...... (i) Crop loans, (ii) Education &
Housing loans, (iii) Kisan Sampathi (loans against negotiable warehouse receipts)
w

w

w
Ans - d
...................................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Cheque signed by the drawer as “R N Das” instead full signature and paid in due course. Drawer
demands for return the amount as signature differs.
a. Bank is liable to pay the amount to the customer since the payment made is not in due course as
m
signature on the cheque differs from specimen signature on record.
b. Bank is not liable on the ground that the amount was paid to the customer and the contention of the
co
customer is not tenable since it is not a forgery
c. Bank to share 50% of the amount since there is negligence on the part of the official passed the
cheque
s.
am
Ans - b
...................................................
Subordinated debt instruments are to be limited to ...... of Tier I together with other components of Tier
x
II should not exceeds ...... of Tier I capital
a. 100% & 50%

b. 50% & 50% ne
io
c. 50% & 100%
d. No limit
ot
Ans - c
m
...................................................
ro
DICGC covers ......
a. Credit balance in cash credit account

kp
b. Inter-bank deposits
c. Deposits of central / state govts
d. a & b
an
Ans - a
.b
...................................................
Companies look for Commercial Paper since they need ......

w
a. Long Term Low Cost funds

w
b. Short Term High Cost funds

w
c. Long Term High Cost funds

d. Short Term Low Cost funds
Ans - d
...................................................
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Foreign tourist who visits India can hold US dollars (currency) maximum of ......
a. $1000
b. $2000
m
c. $3000
d. $5000
co
Ans - d
...................................................
s.
A document executed outside India should be stamped ......
am
a. at the time or before execution of document
b. within 3 months of receipt of document in India.
c. within 4 months of receipt of document in India
x
d. Stamping is not required if executed abroad.
Ans - b
................................................... ne
io
The description Risk of loss resulting from inadequate or failed internal processes, people and systems
ot
or from external events, mainly relates to
m
a. Reputation Risk
b. Compliance Risk
ro
c. Operational Risk
d. Legal Risk
kp
Ans - c
...................................................
an
The following is not a key element of Bank’s policy on KYC/AML ......

.b
a. Customer Acceptance Policy

b. Customer Identification Procedure
c. HR Policy
w
d. Monitoring of transaction
w
Ans - c
w
...................................................
Under customer Acceptance Policy Bank’s customers are classified into ......
a. Nil, High, Medium, Low Risk category

…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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b. Zero, High, Medium, Low Risk category

c. Highest, High, Medium, Low Risk Category
d. High, Medium, Low Risk Category
m
Ans - d
...................................................
co
X aged above 65 years placed a term deposit and requests TDS exemption as his total income including
interest income falls below the taxable income, which form he need to submit to the branch?
s.
a. Form G
am
b. Form H
c. a or b
d. No form is required
x
Ans - b
ne
...................................................
Service charge rates are to be displayed by the bank in ...... (i) Bank’s own Website, (ii) RBI Website, (iii)
io
Branch Premises
ot
m

ro
Ans - d
...................................................
kp
The minimum CRR should be ...... maintained on daily basis

an
a. 50% of eligible CRR

b. 70% of eligible CRR
.b
c. 80% of eligible CRR

d. 100% of eligible CRR
w
Ans - b
...................................................
w
w
Nominee obtains payment in the capacity of ......
a. Owner
b. Beneficiary
c. Agent
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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d. Trustee
Ans - d
...................................................
m
Staff should present in the branch 15 minutes before commencement of business hours, this is
co
applicable to ......
a. All Branches
s.
b. Rural Branches only
c. Urban & Metro Branches
am
d. No such stipulation
Ans - a
...................................................
x
ne
Once the guarantor repays the loan and he attains the status of ......
a. Debtor
io
b. Creditor
c. Agent
ot
d. Right of subrogation
m
Ans - d
...................................................
ro
Post dated cheque presented in clearing paid by the bank and at the same time another cheque
presented was returned as there is no sufficient balance in the account. Customer claimed for damages.
kp
What is the liability of the bank?
a. Bank can make payment, if the instrument is otherwise in order

an
b. Bank is not in order in making payment

c. It is the responsibility of the depositor to mention correct date while issuing cheque and hence banker
.b
is not liable
d. Issuing cheque without adequate balance is the responsibility of the customer and hence banker is
not liable
w
Ans - b
w
...................................................
w
When account is transferred from one branch to another branch, the account holder is required to
submit again ......
a. Address proof
…………………………………………………………………………………………………………………………………………………………………
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…………………………………………………………………………………………………………………………………………………………………
b. Identity proof
c. Declaration of local address for communication
d. a & b
m
Ans - c
...................................................
co
Banks obtain photograph at the time of opening of the account with a view to ...... (i) Avoid benami
accounts, (ii) Verify the identity of the customer, (iii) Verify with police records
s.
am
x
Ans - a
ne
...................................................
The N.I act 1881 allows three days grace to ......

io
a. sight bills of exchange
ot
b. usance bills
c. promissory notes
m
d. cheques
ro
Ans - b
...................................................
kp
Banks conduct such business relating to ......
a. Central Govt.
an
b. State Govt.
c. Tax authorities and railway and communication Dept.
.b
d. All the above
Ans - d
w
...................................................
w
Which of the following statement is not correct regarding maximum provision for country risk where a
w
bank is having exposure in other countries:
a. provision for country risk is in addition to the normal provision on the basis of asset classification of
the bank
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
b. provision for country risk is required to be made where the net funded exposure is 2% or more of its
total assets
c. the total provision on loss and doubtful assets along with country risk provision shall not exceed 100%
of the outstanding
m
d. banks are not to make any provision for exposure in India as part of country risk provisions
co
Ans - b
...................................................
s.
A govt. bill is ......
am
a. a quasi negotiable instrument
b. not a negotiable instrument
c. negotiable instrument
x
ne
Ans - b
...................................................
io
Pension account can be transferred from one bank to another ......
ot
a. any number of times
b. twice in life time
m
c. once in a financial year

ro
Ans - c
...................................................
kp
Life certificate is to be obtained from a pension during the months of ......

an
a. January
b. December
.b
c. April
d. November
w
Ans - d
...................................................
w
w
Premature closure of PPF account can be permitted by ......
a. Opening bank
b. Govt. of India
c. RBI
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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Ans - b
...................................................
m
A contract that provides a right but does not impose any obligation to buy or sell, a financial instrument,
co
say a share or security, is called:
a. option
s.
b. derivative
c. swap
am
d. futures
Ans - b
...................................................
x
ne
Documents have been presented for negotiation on July 27, 2012, under a letter of credit which is dated
as July 12, 2012. As per Lc. the validity date of shipment is up to July 25, 2012.The actual date of
shipment, mentioned on the documents is July 08, 2012.
io
a. the documents can be negotiated if otherwise in order
ot
b. the documents bear date which is earlier to date of LC. Hence documents cannot be negotiated.
c. the documents cannot be negotiated as gap between date of shipment is more than 15 days.
m
d. none of the given options is correct

ro
Ans - a
...................................................
kp
Counterfeit notes have been received from a customer who had deposited the amount in his current
account ......
an
a. These will be forward to police and FIR will be lodged

b. these will be forwarded to police at the end of the month in which received
.b
c. these will be forwarded to police immediately if the no. is 5 or more

d. these will not be forwarded to police
w
Ans – a
...................................................
w
w
The gap between the value of export and import of goods during a particular period, is called ......
a. balance of payment
b. trade balance
c. current account position
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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d. capital account position
Ans - c
...................................................
m
As per Income Tax Rules, the form 26Q is used for which of the following purposes ......
co
a. Quarterly statement of TDS on salaries
b. Quarterly statement of TDS on interest on securities
s.
c. Quarterly statement of TDS on interest other than on securities
am
Ans - c
...................................................
x
Bank’s conduct Govt.Business on behalf of ......
a. State Government concerned

b. Central Govt. ne
io
c. RBI
ot
Ans - c
m
...................................................
ro
The letter of credit which is similar to a performance bond or bank guarantee is called ......
a. red clause Lc
kp
b. standby LC
c. back to back Lc
d. such Lc cannot be issued as there will be no document involved.
an
Ans - b
.b
...................................................
Which of the following statement is not true in the context of open market operations?
w
a. open market operations are carried by Ministry of Finance, Govt. of India

w
b. in open market operations the sale of different type of securities takes place
w
c. open market operations are carried with a view to reduce the cost of money
d. all the given options
Ans - d
...................................................
…………………………………………………………………………………………………………………………………………………………………
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In terms of Sec 4 whosoever commits the offence of money laundering shall be punishable with ......
a. minimum imprisonment of 3 years and maximum 7 years

b. fine of Five lakhs
m
c. both 1 & 2
d. 12 years imprisonment
co
Ans - c
...................................................
s.
The form SDF is used for exports where ......
am
a. Custom office is not computerized
b. Custom office is computerized
c. Software
x
d. Sent by Post
Ans - b
................................................... ne
io
Banks to submit Wilful Defaulters list to ......
ot
a. RBI with all accounts irrespective of liability

m
b. TransUnion CIBIL Limited

c. RBI where the liability is Rs. 25 lacs & above
ro
d. Banking Division, New Delhi
Ans - c
kp
...................................................
Banks are required to submit CTR (Cash Transaction Report) to ...... within ...... of succeeding month
an
a. FIU, 30 days
.b
b. FIU, 15 days
c. FIU, 7 days
d. RBI, 7 days
w
Ans - b
w
...................................................
w
Annual premium payable on Deposit insurance on every Rs. 100 is ......
a. 10 paise
b. 5 paise
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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c. 25 paise
d. 50 paise
Ans - a
m
...................................................
co
“Floating charge” is a charge created on ......
a. Immovable Assets
s.
b. Movable Assets
c. Assignment
am
d. Assets created out of Bank finance
Ans - d
...................................................
x
ne
Who is eligible to convert general crossing to special crossing? (i) Holder, (ii) Drawer, (iiI) Payee

io
ot
m
Ans - d
...................................................
ro
Bank can create assignment on ......

kp
a. Book Debts
b. Stocks
c. Land & building
an
d. Deposits
.b
Ans - a
...................................................
w
Banks are required to preserve old records as per ......

w
a. BR Act
w
b. RBI Act
c. Indian Contract Act
d. NI Act
Ans – a
…………………………………………………………………………………………………………………………………………………………………
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Which of the following appropriately explains the term arbitrage in the context of foreign exchange
transactions?
a. the exchange rate used for retirement of documents under a letter of credit
m
b. the exchange of foreign exchange flows between two parties
c. sale of Fc in one market at higher rate followed by purchase of Fc at a lower rate in another market
co
simultaneously,to make profits due to rate difference
d. sale of Fc forward and simultaneous purchase of Fc spot, with a view to manage exchange risk
s.
Ans - c
...................................................
am
The deposit schemes (interest) which are exempted from TDS are ...... (i) Fixed, (ii) Savings, (iii)
NRE/FCNR
x
ne
io
Ans - c
ot
...................................................
m
Which statement is not correct with regard to advances against shares?

ro
a. Maximum loan allowed is Rs. 10 lacs against physical shares

b. Maximum loan allowed is Rs. 20 lacs against demat shares
c. Margin requirement is 50% for physical shares & demat shares
kp
Ans - c
an
...................................................
.b
As per RBI guidelines, banks need to register the charge over the property with CERSAI within ....... days
from the date of creation of charge.
w
a. 15 days
b. 30 days
w
c. 60 days
w
d. 90 days
Ans - b
...................................................
…………………………………………………………………………………………………………………………………………………………………
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Garnishee order is not applicable on ......
a. Credit balance in SB
b. Credit balance in CD
m
c. Credit balance in Cash Credit account
d. Term Deposits in the Joint names
co
Ans - d
...................................................
s.
The method of interest booking on agriculture advances is ......
am
a. Monthly
b. Quarterly
c. Half-yearly
x
d. Yearly
Ans - a
................................................... ne
io
RBI injects liquidity through ......
ot
a. Increase Bank Rate

m
b. Reduction of Repo Rate

c. Reduction of Reverse Repo
ro
d. Increase CRR
Ans - b
kp
...................................................
Provisioning norms are not applicable to loans sanctioned to ......

an
a. Agriculture
.b
b. Exports
c. DRI
d. Against Deposits
w
Ans - d
w
...................................................
w
You buy something at a place where price is low and simultaneously sell the same thing where price is
high is known as ......
a. Hedging
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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b. Speculating
c. Arbitraging
d. Option
m
Ans - c
...................................................
co
At maturity of FUTURE CONTRACT the spot price is more than the Future price, is known as ......
s.
a. convergence
b. contango
am
c. backwardation
Ans - c
x
...................................................
The white portion in the bank note is known as ......

ne
io
a. security mark window
b. water mark window
ot
c. blank window
d. space for writing window
m
Ans - b
ro
...................................................
Which of the following is correctly stated in the context of collateral security in respect of National
kp
Urban Livelihood Mission (NULM)?
a. no collateral for loan up to Rs.10 lac

an
b. no collateral for loan up to Rs.5 lac

c. collateral can be obtained at discretion of the bank
.b
d. banks can cover the eligible loans under CGTMSE guarantee
Ans - d
w
...................................................
w
Following is not among indicative parameters for determining the profile and risk category of a
w
customer ......
a. Nationality
b. City of Residence
c. Country of Residence
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
…………………………………………………………………………………………………………………………………………………………………
d. Both Nationality & City of Residence
Ans - b
...................................................
m
Government expenditure/tax policy is referred as ......
co
a. Fiscal policy
b. monetary policy
s.
c. government policy
d. exchange rate policy
am
Ans - a
...................................................
x
Which of the following is the measure of NARROW MONEY?
a. M0
b. M1 ne
io
c. M2
d. M3
ot
Ans - b
m
...................................................
ro
Solvency margin is related to ......
a. Banking companies
kp
b. Insurance companies
c. Financial companies
d. non financial companies
an
Ans - b
.b
...................................................
Sensex is weighted index of ......

w
a. 30 stocks
w
b. 25 stocks
w
c. 20 stocks
d. 15 stocks
Ans - a
...................................................
…………………………………………………………………………………………………………………………………………………………………
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Organizations receiving donations will under policy on KYC/AML be categorized under ......
a. Low Risk Category

b. Either Low or Medium Risk Category
m
c. Medium Risk Category
d. High Risk Category
co
Ans - d
...................................................
s.
Under National Urban Livelihood Mission (NULM), Urban Local Body (ULB) is required to send details of
am
TASK force recommended applications along with their status to:
a. State Urban Livelihood Mission (SULM) on a monthly basis.

b. SLBC on a monthly basis.
x
c. State Urban Livelihood Mission (SULM) on a quarterly basis.
ne
d. SLBC on a quarterly basis
Ans - a
io
...................................................
ot
Internal rating based approach under Basel 3 is covered under the rules relating to ......
m
a. risk weighted assets in operational risk

b. capital requirement for operational risk
ro
c. capital fund required for credit risk

d. risk weighted assets in credit risk
kp
Ans - d
...................................................
an
To be eligible to issue commercial paper, a company must have minimum net worth of ......
.b
a. Rs.1 cr
b. Rs.4 cr
c. Rs.10 cr
w
d. Rs.20 cr
w
Ans - b
w
...................................................
Basic indicator approach under Basel 3 is used in respect of ......
a. risk weighted assets in operational risk

…………………………………………………………………………………………………………………………………………………………………
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b. capital requirement for operational risk

c. capital fund required for credit risk
d. risk weighted assets in credit risk
m
Ans - b
...................................................
co
What is main function of asset reconstruction company or a securitization company created under
SARFAESI Act 2002?
s.
a. Purchase of loan securities in NPA account
am
b. Sale of loan securities in NPA account
c. Purchase of NPAs from banks for recovery
d Sale of NPAs to banks for restructuring
x
Ans – c
ne
...................................................
Once a loan application approved by Task Force is sent to the bank by the Urban Local Body, the bank is
io
required to decide the application within ___,National Urban Livelihood Mission(NULM) ......
ot
a. 7 days
b. 10 days
m
c. 15 days
d. 21 days
ro
Ans - c
...................................................
kp
Banks are required to maintain minimum capital adequacy at ......

an
a. 12 percent
b. 11.5 percent
.b
c. 11 percent
d. 10 percent
w
Ans - b
...................................................
w
w
Fixed Deposit is maturing on Sunday. It shall be deemed to be payable on ......
a. Monday
b. Immediate succeeding working day
c. Preceding Day i.e. Saturday
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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d. a & b
Ans - b
...................................................
m
What is the tag line of “PMJDY”?
co
a. Mera Khatha Bhagya vidhata
b. Khatha Kholo Paisa Bachao
s.
c. Hamara Katha Bhagya Vidhata
d. Hamara Katha Hamara Swabhiman
am
Ans - a
...................................................
x
Exporter avail pre-shipment credit at the request of the issuing bank on the basis of ......
a. Green Clause Credit LC

b. Revocable LC ne
io
c. Red Clause LC
d. Back to Back LC
ot
Ans - a
m
...................................................
ro
Which category of investment in SLR securities is held by the bank max up to 90 days?
a. held to maturity
kp
b. available for sale

c. held for trading
d. any of these at bank discretion
an
Ans - c
.b
...................................................
Total interest earned by the bank minus total interest paid by the bank is called ......
w
a. net interest margin

w
b. net spread
w
c. operating profit
d. net interest profit
Ans - a
...................................................
…………………………………………………………………………………………………………………………………………………………………
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What is the limitation period to exercise right of Lien by the bank?
a. 30 days
b. one year from date of cause of action
m
c. 3 years from due date
d. Law of Limitation not applicable on Lien
co
Ans - d
...................................................
s.
A person appointed by the court to look after the properties of the insolvent person is called ......
am
a. Administrator
b. Liquidator
c. Assignee
x
d. Attorney
Ans - b
................................................... ne
io
Clayton’s rule applies to ......
ot
a. Deposit Accounts
m
b. Demand Loans
c. Term Loans
ro
d. Overdrafts / Cash credits
Ans - d
kp
...................................................
Bank is required to submit XOS statement to RBI, in respect of ......

an
a. Foreign exchange transactions

.b
b. Import transactions
c. Overdue export bills
d. Overdue import bills
w
Ans - c
w
...................................................
w
Zero Coupon Bonds refers to ......
a. Bond issued at face value

b. Bond issued with face value & interest
…………………………………………………………………………………………………………………………………………………………………
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c. Bond issued at a discount from its face value with interest

d. Bond issued at discount from its face value without interest
Ans - d
m
...................................................
co
Which of the following crossing does not provide better title to the transferee than what the transfer
had?
s.
a. account payee crossing
b. not-negotiable crossing
am
c. special crossing
Ans - b
x
...................................................
ne
A bank wants to file suit to recover a loan of Rs.19.30 lac. from an MSE unit. The suit can be filed with
......
io
a. Lok Adalat
ot
b. District Court
c. High Court
m
d. Debt Recovery tribunal

ro
Ans - d
...................................................
kp
Interest paid on housing loans is eligible for deduction from taxable income under which of the
following?
an
a. Section 24 of Income Tax Act

b. Section 88 of Income Tax Act
.b
c. Section 80c. of Income Tax Act

d. Section 42 (2) of RBI Act
w
Ans - a
...................................................
w
w
Borrowers availing crop loans up to 3 lakh in the current year are eligible for interest subvention at ........
besides prompt payment incentive of .......
a. 1% & 3%
b. 2% & 1%
…………………………………………………………………………………………………………………………………………………………………
Facebook Groups -
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c. 3% & 1%
d. 2% & 3%
Ans - d
m
...................................................
co
The minimum acceptable TransUnion CIBIL Limited score is fixed as ...... while entertaining credit
proposals by the Banks / Financial Institutions.
s.
a. 300
b. 400
am
c. 550
d. 600
Ans - d
x
...................................................
ne
To consider housing loan, the age of building shall not be more than ......
io
a. 15 years
b. 20 years
ot
c. 15 years in Rural/Semi Urban & 20 years in Urban/Metro areas
d. Residual life of the building should be at least 10 years over and above repayment tenor
m
Ans - d
ro
...................................................
The insurance coverage is available to Rupay Cardholder only when there is a transaction within .......
kp
days.
a. 90 Days
an
b. 45 Days
c. 30 Days
.b
d. No restriction
Ans - a
w
...................................................
w
The payee of an order cheque, Mr. Suresh, writes on the backside of a cheque ‘pay to Kamlesh only’ and
w
signs below this. This is called ......
a. facultative endorsement
b. sans recourse endorsement
c. partial endorsement
…………………………………………………………………………………………………………………………………………………………………
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Ans - d
...................................................
m
“Sishu” scheme is meant for ......
co
a. Loans granted to Minors
b. Deposit scheme for children below 5 years
s.
c. Subsidized scheme for children education
d. Loans sanctioned under Mudra scheme up to Rs. 50000/-
am
Ans - d
...................................................
x
Provision on Standard Advances to be shown under which head of Balance sheet of the bank ......
a. Advances & Other Assets

b. Provisions & Other Assets ne
io
c. Liabilities
d. Provisions & Other Liabilities
ot
Ans - b
m
...................................................
ro
As per AML norms, banks are required to preserve records ......
a. 3 years from the date of cessation of transaction

kp
b. 5 years from the date of cessation of transaction

c. 10 years from the date of cessation of transaction
d. No time limit
an
Ans - c
.b
...................................................
Return of counterfeit currency received by the bank is to be sent to financial intelligence unit, within ......
w
a. 7 days from the date of detection

w
b. 15 days from the date of tendering

w
c. 7 days from close of each month

d. 15 days from close of each month
Ans - d
...................................................
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Under the provisions of Section 138 of Negotiable Instrument Act, after receiving notice from the holder
to pay the amount of dishonoured cheque, the drawer can make the payment maximum within ___ to
avoid filing of suit by the holder:
m
a. seven days
b. fifteen days
co
c. thirty days
d. 45 days
s.
Ans - b
...................................................
am
There is continuous increase in the value of US Dollar vis-à-vis Indian Rupee. In this context, which of the
following statement is correct?
x
a. exporter is loser
ne
b. importer is loser
c. bank is loser
d. importer is gainer
io
Ans - b
ot
...................................................
m
In the context of non-performing advances, the term ‘out of order’ is used in the context of ......
ro
a. term loans
b. cash credit or overdraft
c. bills discounted
kp
d. post-shipment advance`
Ans - b
an
...................................................
.b
A USD denominated bank draft is presented for payment to the bank and its cover has already been
received by the bank. The payment shall be made by using which of the following:
w
a. TT buying rate
b. Bills buying rate
w
c. TT selling rate
w
d. Bills selling rate
Ans - a
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The minimum maturity period in respect of external commercial borrowing (ECB) should be ......,
according to the amount
a. 2 years or 3 years
m
b. 3 years or 4 years
c. 3 years or 5 years
co
d. 5 years or 7 years
Ans - c
s.
...................................................
am
Loan against duty drawback claims certified by the Custom Deptt. Is allowed, to which of the following?
a. importers
b. exporters
x
c. foreigners visiting India
ne
d. Indians visiting a foreign country
Ans - b
io
...................................................
ot
In case of Merchant Trade transaction (involving foreign exchange), the outlay of foreign currency
cannot be for a period of more than ......
m
a. 2 months
ro
b. 3 months
c. 4 months
d. 6 months
kp
Ans - c
...................................................
an
Which of the following significant benefit is available to a bank, where the loan given to MSE is
.b
guaranteed by Credit Guarantee Fund Trust for Micro and Small Enterprises (1) refinance is available to
the bank from SIDBI at nil rate of interest (2) no capital fund is required as risk weight is zero (3) no
provision is required to be made for the amount covered by the guarantee:
w
a. 1 to 3 all
w
b. 1 and 2 only
w
c. 2 and 3 only
d. 1 and 3 only
Ans - c
...................................................
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Documents evidencing import into India should be preserved by AD Category – I bank for a period of ......
from the date of its verification.
a. 3 months
m
b. 6 months
c. one year
co
d. three years
Ans - c
s.
...................................................
am
A loan of Rs.15 cr given to manufacturing company is not eligible for restructuring in respect of which of
the following?
a. consortium advance
x
b. multiple banking arrangement advance
ne
c. credit syndication advance
d. single bank advance
io
Ans - d
...................................................
ot
If a company has availed loan for purchase of a heavy tanker, the registration is mandatory, with which
m
of the following (1) Regional Transport Authority (2) Registrar of Assurances (3) Registrar of Firms (4)
Registrar of Companies:
ro
a. 1 to 4 all
b. 1 and 4 only
kp
c. 4 only
d. 1 only
an
Ans - b
...................................................
.b
In a suit filed account, the insurance policy for securities charged to the bank is required to be renewed.
The insurance charges will be debited by the bank:
w
a. to loan account
w
b. to suspense account
w
c. to profit and loss account

d. to any of these, as per the practice adopted by the bank
Ans - c
...................................................
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A contract of Guarantee is ......
a. Primary contract
b. secondary contract
m
c. principal contract
d. All a, b, & c.
co
Ans - b
...................................................
s.
Payment of invoked guaranteed amount should be made within ...... unless there is a court order
am
a. 24 hours
b. as per terms agreed upon in the guarantee
c. 48 Hrs`
x
d. 30 days.
Ans – b
................................................... ne
io
For term loans the bank guarantee given for a period of ......
ot
a. Equivalent to period of term loan – maximum 5 years

m
b. Not more than 10 years can be issued subject to in principal approval from CMD & in his absence ED.
c. Both a & b
ro
Ans - c
kp
...................................................
What is the maximum time limit for viability criteria in respect of restructuring of loan of an
an
infrastructure company?
.b
a. 5 years
b. 7 years
c. 8 years
w
d. 10 years
w
Ans - c
w
...................................................
In which of the following deposit accounts, the interest payment is subject to TDS?
a. if interest on FDR payment exceeds Rs.10000 in a financial year

…………………………………………………………………………………………………………………………………………………………………
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b. any amount of interest payment, if it is an NRO account

c. any amount of interest payment, on NRO saving bank account
d. all the above
m
Ans - d
...................................................
co
A usance bill of exchange falls due for payment on 15th August 2013, which is a public. holiday. The due
date of the bill will fall on ......
s.
a. Aug 16, being next succeeding working day
am
b. Aug 14, being next preceding business day
c. Aug 14, being next preceding banking day
d. Aug 14, being, next preceding working day
x
Ans - b
ne
...................................................
The loan account of the borrower has been showing overdue amount. The guarantor has some balance
io
in his account. Whether it will be in order for the bank to exercise the right of setoff.
ot
a. bank can debit the account straightaway to recover the amount as liability of guarantor is similar to
the borrower
m
b. bank can debit the account if the loan has been recalled from the guarantor and notice of set off has
been given
ro
c. bank can debit the account if the loan has been recalled from the guarantor and borrower and notice
of set off has been given to both of them
d. the account is not in the same name and capacity. Hence debit cannot be made
kp
Ans - b
...................................................
an
Tier II capital instruments such as Perpetual cumulative preference shares or Redeemable non-
.b
cumulative preference shares or redeemable cumulative preference shares are to be shown in ____ in
the balance sheet:
w
a. Schedule 3, for deposits

b. Schedule 4, for borrowing
w
c. Schedule 5, for other liabilities

w
d. Schedule 9, for loans and advances
Ans - b
...................................................
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B wants to nominate his wife and son for his saving bank account ......
a. Bank will accept the nomination as they are his family members
b. Bank will accept if their share is decided before hand
m
c. Bank will not accept as it is proposed to be made in favour of two persons
d. a and b
co
Ans - c
...................................................
s.
As per Issuance of Non-Convertible Debentures (Reserve Bank) Directions, 2010, Non-Convertible
am
Debenture (NCD) means a debt instrument issued by a corporate (including NBFCs) with maximum
original or initial maturity ___ and issued by way of _____:
a up to one year, private placement
x
b. up to 6 months, private placement
ne
c. up to one year, public. issue
d. up to one year, rights issue
io
Ans - a
...................................................
ot
U/s 3 of Indian Majority Act, a minor is a person ......

m
a. Who has not completed the age of 16 years.

ro
b. Who has not completed the age of 21 years

c. Who has not completed the age of 18 years
d. Who has not completed the age of 19 years
kp
Ans - c
...................................................
an
A power of attorney has been executed in UK and it is to be used in Mumbai. The time for payment of
.b
stamp duty is ......
a. within 3 months from date of entry into India

w
b. within 3 months from date of its execution

c. 3 months before the date when it is to used
w
d. it is not a valid document and cannot be used

w
Ans - a
...................................................
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U/s 30 of Indian Partnership Act ......
a. A major and minor can constitute a partnership firm.

b. A minor can be admitted to the firm for benefits only.
m
c. A minor will not be personally responsible for the losses incurred.
d. Both (b) and (c) above.
co
Ans - d
...................................................
s.
Which of the following statement is true?
am
a. A company is a legal artificial person having a separate legal entity from its shareholders
b. A company is having a perpetual succession
c. A company has a common seal
x
d. All the above
Ans - d
................................................... ne
io
A Claused bill of lading means which of the following?
ot
a. bill of lading issued with a clause

m
b. a bill of lading that indicates defective condition of goods

c. a bill of lading that does not contain any adverse noting
ro
d. a bill of lading which issued as per clauses in the letter of credit
Ans - b
kp
...................................................
As per Section 269-T of Income Tax, the cash payment of FDR can be made for an amount ......
an
a. up to Rs.20000 excluding interest

.b
b. up to Rs.20000 including interest

c. less than Rs.20000 excluding interest
d. less than Rs.20000 including interest
w
Ans - d
w
...................................................
w
With effect from July 01, 2010, the banks can determine their actual lending rates on loans and
advances with reference to ......
a. prime lending rate

…………………………………………………………………………………………………………………………………………………………………
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b. base rate
c. benchmark prime lending rate
d. any of these
m
Ans - b
...................................................
co
A cheque has already been negotiated by X to Y and by Y to Z. How many times more, this instrument
can be negotiated?
s.
a. Thrice
am
b. Twice
c. Once
d. No limit
x
Ans - d
ne
...................................................
What is the amount of Govt. of India and RBI notes that can be exported outside India?
io
a. Rs.5000
ot
b. Rs.10000
c. Rs.25000
m
d. Rs.20000
ro
Ans - c
...................................................
kp
Banks submit Suspicious Transaction Report (STR) to ......
a. RBI
an
b. CBI
c. FIU
.b
d. Directorate of Enforcement
e. Indian Banks Association
w
Ans - c
...................................................
w
w
Shell Banks are ......
a. Permitted in India with strict rules

b. Permitted in India with limited operations
c. Permitted in India on case to case basis
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d. Not permitted in India
Ans - d
...................................................
m
All categories of Foreign exchange earners can deposit ...... % of their foreign exchange earnings in their
co
EEFC account
a. 20
s.
b. 50
c. 75
am
d. 100
Ans - d
...................................................
x
ne
To have a DP of Rs 3 lakhs in cash credit account (with limit Rs 3 lakhs with 25% of margin), the
minimum stock should be ......
io
a. 3 lakhs
b. 4 lakhs
ot
c. 5 lakhs
d. 6 lakhs
m
Ans - b
ro
...................................................
As per recent guidelines, if a locker is not operated for more than ...... year in case of High Risk category
kp
customers, the bank can either advise him to operate or surrender the locker.
a. 3 years
an
b. 5 years
c. 1 year
.b
d. discretion of banks
Ans - c
w
...................................................
w
What is the maximum loan and repayment period is allowed for farmers to avail loans against pledge of
w
agricultural produce?
a. Rs. 5 lakhs & 6 months

b. Rs. 25 lakhs & 12 months
c. Rs. 50 lakhs & 12 months
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d. No limit on amount but should be repaid within 12 months
Ans - c
...................................................
m
Cash transaction report is sent to ......
co
a. RBI
b. CBDT
s.
c. CONTROLOING OFFICE
d. FIU-IND
am
Ans - d
...................................................
x
Interest subsidy is available to all eligible Educational Loan Borrowers for a period of ......
a. First one Year

b. First Two Years ne
io
c. During Study Period
d. Till closure of the loan
ot
Ans - c
m
...................................................
ro
For appealing to DRT, the borrower need to deposit ......
a. 25 percent of suit amount

kp
b. 10 percent of suit amount

c. 15 percent of suit amount
d. No deposit required
an
Ans - a
.b
...................................................
Women granted a loan of Rs. 80 lakhs under CGTMSE, what is the amount of claim in case of default?
w
a. Rs. 40 lakhs
w
b. Rs. 52.50 lakhs

w
c. Rs. 60 lakhs
d. Rs. 64 lakhs
Ans - a
...................................................
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As per recent guidelines, if a locker is not operated for ...... year in case of Medium Risk category
customers, the bank can either advise him to operate or surrender locker.
a. 3 years
m
b. 5 years
c. 1 year
co
d. discretion of banks
Ans - a
s.
...................................................
am
Liberalized remittance is permitted for ......
a. capital account transactions

b. current account transactions
x
c. both 1 & 2
ne
d. neither for both
Ans - c
io
...................................................
ot
Risk weight on residential housing loans above 20 lakhs is ......
m
a. 50
b. 100
ro
c. 100
d. 75
kp
Ans - d
...................................................
an
The documents executed by the company must be in conformity with its ......
.b
a. Articles of association
b. Memorandum of association
c. Resolution passed by Board
w

w
Ans - c
w
...................................................
Who will sign documents on behalf of the company while raising a loan?
a. Managing Director
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b. Executive Director
c. Authorised official whose name is mentioned in the resolution
m
Ans - c
...................................................
co
If the company has to create an equitable mortgage in favour of the bank for security of a loan, who will
come to the bank to deposit the original title documents of the property on behalf of the company:
s.
a. Managing Director
am
b. Executive director
c. Manager
d. An authorised official, as per resolution
x
Ans - d
ne
...................................................
U/s 125 of the Companies Act 1957, the filing of particulars of charge with Registrar of Companies has to
io
be done from date of creation of charge within:
ot
a. 35 days
b. 37 days
m
c. 60 days
d. 30 days
ro
Ans - d
...................................................
kp
Maximum penalty under RTI act is ......

an
a. 100
b. 100000
.b
c. 25000
d. 10000
w
Ans - c
...................................................
w
w
The minimum value for customer based Real Time Gross settlement transaction is ......
a. Rs 10000
b. Rs 1 Lakh
c. Rs 2 Lakhs
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d. Rs 5 Lakhs
Ans - c
...................................................
m
STRESS TESTING is associated with ......
co
a. Credit monitoring
b. Working capital assessment
s.
c. Risk management
d. Customer service
am
Ans - c
...................................................
x
Interest payable on CRR balance is ......
a. 0.01
b. 0.035 ne
io
c. No interest
d. 0.005
ot
Ans - c
m
...................................................
ro
Cash transaction report is to be submitted ......
a. 7 th of succeeding month
kp
b. on or before 15 th of succeeding month

c. last day of succeeding month
d. on or before 30 th April
an
Ans - b
.b
...................................................
As per RTI act, information is to be conveyed within ......

w
a. 30 days
w
b. 60 days
w
c. 90 days
d. 15 days
Ans - a
...................................................
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Which of the following is correct ......
a. BCTT & SERVICE tax are applicable to Jammu &Kashmir

b. BCTT & SERVICE tax are not applicable to Jammu &Kashmir
m
c. BCTT is applicable for Jammu & Kashmir But not SERVICE TAX
d. Service tax is applicable for jammu & Kashmir but not BCTT
co
Ans - b
...................................................
s.
What is the floor level for CRR?
am
a. 0.03
b. No floor level
c. 0.02
x
d. 0.01
Ans - b
................................................... ne
io
Which of the following requirement relating to self-help group members under National Urban
ot
Livelihood Mission (NULM), is not stated correctly?
m
a. SHG to have minimum 5 members without any ceiling of the maximum

b. minimum 70% members in a group should be from urban poor families
ro
c. SHG constituted under SJSRY scheme is also eligible

kp
Ans - d
...................................................
an
Which of the following is correct for project cost and amount of bank loan for a group, under National
Urban Livelihood Mission (NULM)?
.b
a. minimum project cost is Rs.10 lac. and bank loan is equal to project cost less 20% margin.
b. minimum project cost is Rs.10 lac. and bank loan is equal to project cost less margin decided by the
w
bank.
c. maximum project cost is Rs.10 lac. and bank loan is equal to project cost less 20% margin.
w
d. maximum project cost is Rs.10 lac. and bank loan is equal to project cost less margin decided by the
w
bank.
Ans - d
...................................................
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Banks have fixed the exposure norms for various banking transactions, say maximum loan against
shares, maximum loan to a borrower etc. This is part of which of the following:
a. risk management
m
b. asset liability management
c. selective credit control
co
d. all the above
Ans - a
s.
...................................................
am
Under ...... the farming is carried on, in the regions where the rainfall is scanty i.e. less than 50 Cm
annually
a. Humid farming
x
b. irrigation farming
ne
c. wet land farming
d. dry land farming
io
Ans - d
...................................................
ot
...... is the risk of loss arising from those contracts which are not legally enforceable or documented
m
correctly
ro
a. liquidity risk
b. operational risk
c. reputation risk
kp
d. legal risk
Ans - d
an
...................................................
.b
Holder of a cheque makes following alterations in a cheque. Which of these is not a material alteration
......
w
a. A bearer cheque converted to order

b. General crossing converted to special crossing
w
c. Crossing a cheque
w
d. All the above
Ans - d
...................................................
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You are working as incharge of locker section of the branch. A and his wife W have a locker as either or
survivor. Because of dispute, A asks the bank not to allow an operation by W. W comes to operate the
locker. You will:
m
a. Allow operations by W as instructions are either or survivor
b. Will not allow operations to W but will allow to A
co
c. Allow only joint operations as there is dispute between the customer
d. a or b
s.
Ans - c
...................................................
am
A solicitor is having two accounts with the bank. One in personal name and other in clients name. One
Cheque is Presented in ‘clearing’ in clients account. In the meantime, Garnishi Order is served on the
solicitors’ account. Whether Bank will pay this cheque presented in the clearing.
x
ne
a. cheque will not be paid, as it is presented after receipt of the order
b. cheque will be paid, as account is in the same name
c. cheque will be paid as order is in his personal name
io
d. cheque will be paid, since it relates to client account, which the solicitor has opened in fiduciary
capacity
ot
Ans - d
m
...................................................
ro
The maximum settlement period in respect of which of the following is restricted to 2 hours (a) RTGS (b)
NEFT (c) ECS (d) MICR
kp
a. a to d all
b. a to c only
c. a and b only
an
d. c and d only
.b
Ans - c
...................................................
w
Funded debt to net worth ratio is ......

w
a. Term liabilities/tangible net worth

w
b. Term loan/tangible net worth

c. Outside borrowings/net worth
Ans - a
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Both debt equity ratio and funded debt to net worth ratio are ......
a. Liquidity ratios
b. Profitability ratios
m
c. Operating ratios
d. Leverage ratios
co
Ans - d
...................................................
s.
Current ratio is ......
am
a. Fixed assets/current assets
b. Current liabilities/current assets
c. Bank borrowings/current assets
x
Ans - d
................................................... ne
io
If the current ratio is 1.5 : 1 and current liabilities is Rs. 600, current assets figure would be ......
ot
a. Rs. 900
m
b. Rs. 600
c. Rs. 750
ro
d. Figure cannot be arrived at
Ans - a
kp
...................................................
Bank allowed an advance under KVI Sector. This will be classified as ......
an
a. micro enterprise irrespective of the amount of original investment in plant and machinery
.b
b. micro enterprise if the investment in plant and machinery is within the ceiling for micro enterprises
c. small enterprise
d. such advances are not priority sector advance
w
Ans - a
w
...................................................
w
PMJDY account holders are eligible to get insurance benefit of ......
a. Rs. 30000 Life

b. Rs. 30000 Life & Rs. 1 lakh accident
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c. Rs. 1 lakh Accident

d. Rs. 1 lakh Life & Rs. 2 lakh Accident
Ans - b
m
...................................................
co
As per RBI guidelines, Branch to issue to SB account holders ......
a. Pass Book
s.
b. Account Statement
c. a & b
am
d. None
Ans - c
...................................................
x
ne
Percentage of DRI advances should go to Rural/Semi Urban Branches ......
a. 50 percent
io
b. 25 percent
c. 66.66 percent
ot
d. 75 percent
m
Ans - c
...................................................
ro
AEPS denotes ......

kp
a. ATM Enabled Payment System

b. Anywhere Everywhere Payment System
c. Aadhar Enabled Payment System
an
d. Aadhar Enabled Protocol System

.b
Ans - c
...................................................
w
Which of the following statements are correct with regard to MSME? (i) Investments in Plant &
Machinery is to be taken as criteria for Manufacturing Enterprises, (ii) No collateral security or third
w
party guarantee is required for loans up to Rs. 5 lakhs, (iii) No collateral security or third party guarantee
w
is required for loans up to Rs. 25 lakhs in case of Tiny Sector

…………………………………………………………………………………………………………………………………………………………………
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Ans - d
...................................................
m
UCPD guidelines are issued by ......
co
a. FEDAI
b. RBI
s.
c. Ministry of Finance
d. ICC Paris
am
Ans - d
...................................................
x
Your customer requested to include his wife and daughter as nominees after one year of opening of the
ne
account. Will it be accepted?
a. It can be accepted since the nominees are the family members of the depositor
io
b. Cannot be considered since the request is not received at the time of opening of account
c. Can be considered with 50% share each
ot
d. Nomination should be made only in favour of single name. Hence can’t be considered
m
Ans - d
...................................................
ro
What is the relationship between the Bank and Overdraft Customer where the account is showing credit
balance?
kp
a. Creditor & Debtor

b. Principle & Agent
an
c. Trustee & Beneficiary

d. Debtor & Creditor
.b
Ans - d
...................................................
w
Mr. D is having one overdraft account with us. He is also having three other accounts with us, (namely)
w
his personal Sb. Account, Joint account with his wife and one u/gship account with his son. Bank can use
w
right of set off in which of these accounts.
a. right is available for all the three accounts

b. right available in the joint account and Sb. account
c. right available in u/gship account and personal Sb. account
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d. right available in personal Sb. account
Ans - d
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m
What is the maximum period for which FCNR deposit can be opened?
co
a. One Year
b. Two Years
s.
c. Three Years
d. Five Years
am
Ans - d
...................................................
x
In case of dishonour of cheques on financial grounds, the holder is required to issue notice to the
ne
drawer within ...... days to claim remedy under section 138 of NI Act
a. 7 Days
io
b. 30 Days
c. One Year
ot
d. Three Years
m
Ans - b
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ro
Bank has right to cancel the allotment of locker, if the customer does not operate or surrender within
....... despite notice sent to the locker holder
kp
a. Three Years
b. Five Years
an
c. Ten Years
d. Banks discretion
.b
Ans - a
...................................................
w
Permanent Account Number (PAN) is mandatory for ...... (i) Bank transactions (cash) of Rs. 50000/- &
w
above, (ii) Purchase and sale of shares / debentures / bonds of Rs. 50000/- & above, (iii) Purchase and
w
sale of immovable property where the value of the property is Rs. 5 lakh & above

…………………………………………………………………………………………………………………………………………………………………
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Ans - d
...................................................
m
Borrowers who are having satisfactory dealings with bank for a minimum period of ....... Years are
co
allowed to avail LUCC facility
a. 5 Years
s.
b. 3 Years
c. 2 Years
am
d. 1 Year
Ans - c
...................................................
x
ne
National Payment Corporation of India (NCPI) has setup payment network to enable the member banks
to issue Domestic Payment Cards with a brand .....
io
a. Visa Card
b. Master Card
ot
c. Prepaid Card
d. Rupay
m
Ans - d
ro
...................................................
X Company approached the Bank for sanction of working capital limit of Rs. 800 lakhs and the Current
kp
Ratio of the company is 1.15:1. What is the course available to the branch?
a. Proposal can be considered as the current ratio is acceptable

an
b. Proposal can be declined since current ratio is below 1.33:1

c. Advise the company to increase capital to bring the current ratio to 1.33:1
.b
d. Proposal is to be referred to next Higher Authority for sanction
Ans - d
w
...................................................
w
A bank has certain financial securities given by a customer and lying in safe custody account and certain
w
articles lying in locker, in addition to a saving bank account in the name of the customer. The bank has
an overdraft in the name of the same customer, who is not paying the loan ......
a. bank can use lien on the financial securities only.

b. bank can use lien on the financial securities as well as on articles in locker
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c. bank cannot use lien on the financial securities, but it is possible on locker and saving bank account
d. bank can exercise its right of set off in case of saving bank account only.
Ans - d
m
...................................................
co
High Debt Service Coverage Ratio (DSCR) indicates ......
a. Unable to meet the installment obligations
s.
b. Able to meet payment of installments comfortably
c. Liquidity problem
am
d. a & c
Ans - b
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x
ne
Which of the following can’t be a nominee?
a. Illiterate Person
io
b. Minor
c. NRI
ot
d. HUF
m
Ans - d
...................................................
ro
The objectives of the incorporation of the company are mentioned in ......

kp
a. Memorandum of association
b. Articles of Association
c. Certificate of incorporation
an

.b
Ans - a
...................................................
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The resolution to raise a loan from bank should have been passed ......
w
a. In meeting of Board of Directors

w
b. In Annual general meeting

c. Through circulation
Ans - a
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Which of the following statement is not true with regard to Capital Gains Deposit Scheme?
a. Income Tax Assesses who are eligible for exemption under section 54 of the IT Act are alone can open
m
account with Banks
b. Accounts can be opened under Savings, Fixed and Term Deposits
co
c. Cheque book can be issued to eligible accounts
d. No lien or deposit loan is allowed against such deposits
s.
Ans - c
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am
As per exposure ceiling guidelines of RBI, the maximum exposure for a company engaged in
infrastructure activities is restricted to ......
x
a. 15% of paid up capital
ne
b. 15% of net worth
c. 20% of net worth
d. 20% of capital fund
io
Ans - d
ot
...................................................
m
In case of genuine difficulty, the filing of particulars can be allowed by Registrar of Companies by
condoning delay till further period of:
ro
a. 7 days
b. 10 days
kp
c. 30 days
d. No time limit
an
Ans - c
...................................................
.b
The registration of charge is deemed effective from the date of ......

w
a. Registration
b. Date of creation charge (i.e. execution of documents)
w
c. Opinion of courts differ

w
d. It is desirable to treat it from date of registration
Ans - b
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In case, for any reason, the company or creditor fails to file the particulars.
a. Bank will still remain a secured creditor

b. Bank will become unsecured creditor against liquidator
m
c. Bank can get it registered when it comes to its notice
co
Ans - b
...................................................
s.
A HUF is governed by ......
am
b. Joint Hindu Families Act 1883
c. Indian Partnership Act.
x
d. Hindu Law Act 1902.
Ans - d
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io
Firm A has sale of 2000 and debtors 250. Firm b. has sale of 3000 and debtors 300. Which is managing
ot
the recovery of its debts better.
m
a. Firm A as it has lower debtors at 250 only

b. Firm A
ro
c. Firm B
d. inadequate information to take a decision
kp
Ans - c
...................................................
an
A sub. standard loan account has been restructured with the provision that monthly installment will
begin with effect from Dec. 12, 2012. The borrower starts repayment from Nov 12, 2012. The account
.b
will be categorized as standard accounts w.e.f. ____ if regular repayment of the installments, is made:
a. immediately
w
b. Dec 13, 2012

c. Nov 12, 2013
w
d. Dec 12, 2013

w
Ans - d
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The term accrued, in financial parlance, means ......
a. what has been received or paid during a financial period

b. what has become due for receipt or payment during a financial period
m
c. what is outstanding for receipt or payment during a financial period
d. what is due for receipt or payment during a financial period but not received or paid
co
Ans - b
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s.
The bank employees are expected to be in the branches 15 minutes before the beginning of the
am
customer service, on the recommendations of which of the following committees:
a Talwar Committee
b. Goiporia Committee
x
c. Rangarajan Committee
ne
d Jilani Committee
Ans - b
io
...................................................
ot
What is the amount of eligible loan for guarantee cover under the Credit Risk Guarantee Fund Trust for
Low Income Housing operated by National Housing Bank:
m
a. Rs.20 lac
ro
b. Rs.15 lac
c. Rs.10 lac
d. Rs.5 lac
kp
Ans - d
...................................................
an
Service tax is be deposited with the Govt. by which of the following dates?
.b
a. 5th of the month if manual and 6th of the month if electronic, from close of the month in which
deducted
w
b. 6th of the month if manual and 5th of the month if electronic, from close of the month in which
deducted
w
c. 7 days from date of deduction

w
d. 7 days from close of the month, in which deducted
Ans - a
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Mr. Satish Kaushik, an officer with a public. sector bank committed certain irregularities while
discharging his duties as Incumbent Incharge at a rural branch. Which among the following will not be
considered a punishment, if the bank proceeds with disciplinary action:
m
a. warning and suspension
b. warning
co
c. suspension
d. censure
s.
Ans – a
...................................................
am
XYZ, a firm has constructed a coldstorage on the outskirts of a metro town by raising a loan from Bank-B.
Bank shall classify the loan under:
x
a. priority sector - SSI
ne
b. priority sector – indirect finance to SSI
c. PS credit – indirect finance to agriculture
d. Under PS credit – indirect finance to agriculture if it is to be used for storage of agricultural produce
io
Ans - d
ot
...................................................
m
An exporter has been allowed an adhoc. pre-shipment credit of Rs.25 lac. by the bank. On its regularly
sanctioned limit, bank is charging interest rate of 2% above base rate. What interest rate will be charged
ro
on the adhoc. amount:
a. Base rate + 1%
kp
b. Base rate + 2%
c. Base rate + 3.%
d. same as for regular export limit
an
Ans - d
.b
...................................................
A short position refers to a position where ...... from a decline in the value of the underlying.
w
a. losses arise
w
b. losses decline
w
c. gains arise
d. gains decline
Ans – c
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A cheque of Rs.5000 is issued on March 12, 2007. But it is dated as February 28, 2007. It is presented for
payment on March 14, 2007. Such cheque is called ..... and the cheque is .....
a. stale cheque, returned
m
b. post dated cheque, returned
c. ante-dated cheque, paid
co
d. invalid cheque, returned`
Ans - c
s.
...................................................
am
Which of the following is not part of the contingent liabilities of a company?
a. a suit has been filed against a company by another firm.

b. a claim has been made on the company by another firm but company has not acknowledged it
x
c. company has given guarantee to secure the loan of its associate company
ne
d. company has given negative lien on its assets to secure a loan.
Ans - d
io
...................................................
ot
Model Bank maintains a current account of M/s Budhiraja Industries Private Limited for the last 3 years.
Recently one of their directors having powers to operate the bank account has become insane and bank
m
has, on its records, this information. A cheque dated about 5 months back, of Rs.23000, is presented in
the account which is signed by the director who has become insane recently. The cheque is returned
ro
unpaid, stating that the signatory of the cheque has become insane. When this fact comes to notice of
the company, it questions the decision of the bank to return the cheque and claims damages also:
kp
a. bank is not liable as it has acted in the interest of the company

b. bank has on its record a notice issued by the company about the insanity due to which the bank has
acted in good faith
an
c. bank has acted negligently as the director has signed the cheque as agent and due to his insanity the
cheque already signed by him should have been honoured
.b
d. bank has acted negligently and it has ignored the notice received from the company regarding
insanity
w
Ans - c
...................................................
w
w
Which of the following accounts is not eligible for action by the bank under SARFAESI Act?
a. loan for purchase of tractor

b. loan with a balance of Rs.94355
c. loan against hypothecation of stocks
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d. loan against mortgage of a commercial property
Ans - b
...................................................
m
Delhi Bank Ltd maintains a current account of a partnership firm named Reliance Enterprises. The
co
account is operated by both the partners of the firm singly. The bank receives a cheque of Rs. 38000,
originally made for Rs.33000. Though the cheque is signed by the 1st partner, the alteration in the
cheque in the amount has been made by the 2nd partner:
s.
a. the cheque is materially altered due to which it cannot be paid
am
b. the payee would be told to get the confirmation of the 1st partner who had originally signed the
cheque
c. the payment would be made to the payee as the alteration in the cheque is properly authenticated by
the drawer
x
d. the payment would be made for Rs.33000 instead of Rs.38000, if the payee is agreeable to get that
ne
amount
Ans - c
io
...................................................
ot
Where a guarantor makes payment of bank loan, all securities are required to be transferred by bank to
the guarantor, under which of the following:
m
a. right of redemption
ro
b. right of foreclosure
c. right of subrogation
d. right of appropriation
kp
Ans - c
...................................................
an
ABC, a firm has raised a cash credit limit of Rs.10 lac, which is guaranteed by Mr. X. The nature of this
.b
guarantee is ......
a. continuing guarantee
w
b. performance guarantee
c. specific. guarantee
w
d. deferred payment guarantee

w
Ans – a
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A bank customer has died testate. What does the term ‘testate mean’ ......
a. leaving legal heirs

b. leaving behind no legal heirs
m
c. leaving a will
d. not leaving a will
co
Ans - c
...................................................
s.
Within the Bank the responsibility of overseeing and ensuring overall compliance with regulatory
am
guidelines on KYC/AML is assigned to a senior management official designated as
a. Chief Compliance Officer

b. Officer on special duty
x
c. Compliance Officer
ne
d. Principal Officer
Ans - d
io
...................................................
ot
The violation of KYC principals will attracts penalties as per following Act ......
m
a. Reserve Bank India Act

b. Banking Regulation Act
ro
c. Prevention of Money Laundering Act

d. Both b & c
kp
Ans - d
...................................................
an
Bank’s code for customers was released by ......

.b
a. RBI
b. SEBI
c. BCSBI
w
d. IBA
w
Ans - c
w
...................................................
While granting a loan to a public limited company, the bank requires the following documents ......
a. Certificate of incorporation
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b. Certificate of commencement of business

c. Memorandum and articles of association
d. All the above
m
Ans - d
...................................................
co
A company is not a physical person. Hence cannot sign the document. How to get signed for the
company?
s.
a. After obtaining a resolution from the Board of Directors, signatures of the authorised official on the
am
documents would be got and common seal of the company will be affixed to these by some authorised
official as per Board resolution.
b. The documents to which the common seal of the company has not been affixed cannot bind the
company
x
c. By Managing Director of the Co.
ne
d. By any Two directors of the Co.
Ans - a
io
...................................................
ot
One can be member of HUF ......
m
a. By birth
b. By succession
ro
c. By consent of coparceners
kp
Ans - a
...................................................
an
Members of an HUF are ......

.b
a. All members of the family

b. Only male members
c. Only major members of the family
w

w
Ans - a
w
...................................................
Book building ......
a. is used by stock exchanges for trading as it is more efficient than the traditional open outcry system.
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b. is used by speculators to artificially increase share prices.

c. is used in the public issue process for efficient price and demand estimation for the issuer
d. is used by bookies in horse racing.
m
Ans - c
...................................................
co
Name the odd one out ......
s.
a. ICRA
b. CIBIL
am
c. CARE
d. CRISIL
Ans - b
x
...................................................
ne
AD category1 can repatriate proceeds of FCNR to third parties if ......
io
a. authority is given by account holder
b. bank is satisfied about bonafide transfer
ot
c. both a & b
d. can not repatriate
m
Ans - c
ro
...................................................
A party is having the following accounts with your branch a] FDR for Rs 5000/-in his single name
kp
maturity value Rs 6500/-b] another FDR with his wife for Rs 19500/-.The FDR in his single name has
matured and he wants cash payment. It can be
an
a. Allowed
b. not allowed
.b
c. take an undertaking and pay it

d. pay cash only if he gives his PAN
w
Ans - b
...................................................
w
w
A will executed can be registered ......
a. within 3 months of its creation

b. within 4 months of its creation
c. within 3 days of its creation
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d. if desired (not compulsory) at any time after creation
Ans - d
...................................................
m
XOS FORM IS ......
co
a. Application for drawal of Foreign Exchange
b. Approvals of Trade Credit
s.
c. Form for statement for outstanding export bills
d. Application for drawal of Foreign Exchange
am
Ans - c
...................................................
x
The term "Blue chip " means ......
ne
a. govt. securities printed in blue and are readily encashable with RBI
b. preference shares of joint stock companies
io
c. shares of progressive, soundly run public limited companies with excellent dividend record
d. shares initially allotted to promoter directors
ot
Ans - c
m
...................................................
ro
Which of the following statement is not correct with regard to Tax Saver Scheme of Banks?
a. Tax exemption is available for the deposit amount under section 80C of IT Act
kp
b. Period of deposit is allowed up to 5 Years

c. TDS is applicable, if interest payment is above Rs. 10000/- in a financial year
d. Maximum amount of deposit allowed is Rs. 5 lakhs
an
Ans - d
.b
...................................................
A fall in Quick Ratio in comparison with Current Ratio indicates ......

w
a. High Inventory Holdings

w
b. Low Inventory Holdings

w
c. Decrease in Current Liabilities

Ans - a
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Financial statements includes ...... (i) Balance Sheet, (ii) P & L, (iii) Cash & Funds Flow

m
co
Ans - d
...................................................
s.
Banks are permitted to take over borrowal accounts from other Banks & Financial institutions provided
am
...... (i) Account should be Standard Asset with positive net worth, (ii) Copy of the borrowal account for
preceding 12 months is to be obtained, (iii) P&C report is to be obtained from other bank before
disbursement
x
ne
io
Ans - d
ot
...................................................
m
Which of the following statement is not true with regard to Temporary Overdrafts?
ro
a. Can be allowed in Savings Bank Account

b. Can be allowed in Current Deposit Account
c. Can be allowed only 3 times in a account in a year
kp
d. Should not be allowed in staff accounts
Ans - c
an
...................................................
.b
With regard to lending to farm sector, the guidelines on obtention of No Due / No Objection certificate
are ...... (i) Banks should not insist for the above certificate for loans up to Rs. 50000/-, (ii) No charges are
to be levied for issuance of certificate, (iii) Self declaration from the farmer is to be obtained
w

w

w

Ans - d
...................................................
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The Enforcement of Security Interest and Recovery of Debt Laws (Amendment) Bill, 2013 allows the
banks to ...... (i) Acquire immovable properties from the borrower to avert distress sale, (ii) Banks should
be heard in DRT before granting any stay on recovery of loans, (iii) ARCs to convert a part of the debt
into equity
m
co
s.
Ans - d
am
...................................................
The applicable net interest rate on loans sanctioned under Surya Shakthi Scheme is ......
x
a. 2% for individuals
ne
b. 4% for institutions
c. BMPLR for industrial & commercial organizations
d. a & b
io
Ans - a
ot
...................................................
m
Unsecured exposure is one where realizable value of tangible security is not more than ....... of the
outstanding exposure.
ro
a. 5 percent
b. 10 percent
kp
c. 25 percent
d. 40 percent
an
Ans - b
...................................................
.b
RBI extending incentives to Banks for the following services ...... (i) Adjudication of Mutilated Bank
Notes, (ii) Exchange of Soiled Notes, (iii) Distribution of Coins over the counter
w

w

w

Ans - d
...................................................
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As per RBI guidelines, the banks’ can levy charges to the Current accounts for not maintenance of
minimum balances provided .......
a. Charges should not exceed Rs. 100 in a year
m
b. Charges should not exceed Rs. 500 in a year
c. Bank has discretion to levy any amount of charges
co
d. Banks are allowed to levy reasonable charges but should be known to the customers through proper
communication
s.
Ans - d
...................................................
am
Scheme of payment of ex-gratia in lieu of appointment of dependents on compassionate grounds for
officers (Public Sector Banks) is ......
x
a. Minimum Rs. 5 lakh
ne
b. Maximum Rs. 8 lakh
c. Maximum Rs. 7 lakh
d. Maximum Rs. 6 lakh
io
Ans - b
ot
...................................................
m
Branch sanctioned OCC limit of Rs. 10 lakhs against hypothecation of stocks worth Rs. 15 lakhs with 30%
margin. What would be the notional drawing power when the present value of stocks is Rs. 20 lakhs?
ro
a. Rs. 10 lakhs
b. Rs. 14 lakhs
kp
c. Rs. 20 lakhs
d. Rs. 10.50 lakhs
an
Ans - a
...................................................
.b
Under the liberalized norms, a NRI can remit abroad money from his NRO account, up to ......
w
a. One Million US Dollar Per Year

b. US Dollar of Two Million Per Year
w
c. US Dollar of 5000 per year without any declaration or certificate

w
d. US Dollar of One Million per year on the basis of undertaking and certificate
Ans - d
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The eligible criteria for the borrowers under “Scheme for Sustainable Structuring Stressed Assets" are
...... (i) The project should have commenced commercial operations, (ii) The aggregate exposure of all
lenders should be more than 500 crore, (iii) Sustainable debt (as per TEV report) should not be less than
50% of current funded liabilities
m
co
s.
Ans - d
am
...................................................
Under KYC norms, how much INR can be given to a NRI OR Tourist by an Authorised money changers in
the form of cash while exchanging foreign exchange
x
ne
a. USD 2500
b. USD 3000
c. USD 500
io
d. any amount
ot
Ans - b
...................................................
m
In case of power of attorney, the principal and attorney can be ......

ro
a. minor and major

b. major and minor
kp
c. major and major

d. 2 and 3
an
Ans - d
...................................................
.b
For the purpose of Medical Treatment without any estimate ,how much amount is admissible under
FEMA for remittance abroad ......
w
a. USD 5000
w
b. USD 25000
w
c. USD 1 LAKH
d. USD 250000
Ans - d
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Which of the following statement is incorrect in view of the provisions contained in the Negotiable
Instruments Act, 1881?
a. The holder may convert a special crossing into a general crossing or he may cancel a crossing
m
altogether under his signature.
b. The holder may add general or special crossing to an uncrossed cheque
co
c. If a cheque is already crossed generally, the holder may add special crossing to it
d. Where a cheque is crossed generally or specially, the holder may add the words “Not Negotiable”
s.
Ans - a
...................................................
am
Account Payee in crossing is addressed to ......
a. Collecting Banker
x
b. Payee
ne
c. Drawee Banker
d. 1 and 2
io
Ans - a
...................................................
ot
ABC is a partnership firm [with three partners A, B and C maintaining a current account, with the
m
operational instructions of „any one of the partners‟. A cheque signed by partner A is countermanded
by A himself. After two days, you receive a letter signed by A revoking the stop payment instructions.
ro
How will you handle the request of A?
a. Since A had countermanded the payment of the cheque, revocation by A is sufficient

kp
b. All the partners should sign the revocation letter

c. Any of the partners can sign the revocation letter as the account can be operated by any one of the
partners
an

.b
Ans - b
...................................................
w
A crossed cheque ......

w
a. Must be credited to the account of the payee or endorsee

w
b. May be paid in cash across the counter

c. Should be paid to a banker only
d. None of these
Ans - c
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Crossing may be added to ......
a. Order cheques only

b. Bearer cheques only
m
c. Both of 1 & 2
d. None of these
co
Ans - c
...................................................
s.
“Account Payee” in crossing with two transverse parallel lines is ......
am
a. Special crossing
b. General Crossing
c. Restricted crossing
x
d. None of these
Ans - b
................................................... ne
io
In the case of a bill of exchange ......
ot
a. General crossing means that the amount may be paid only to a banker
m
b. Special crossing means that the amount may be paid only to the Bank named therein.
c. Crossing has a restricted application
ro
d. Crossing has no meaning
Ans - d
kp
...................................................
Form no 16 is to be furnished to staff and pensioners ......

an
a. by 15th April
.b
b. by 30th April
c. By 31st may
d. 31st july
w
Ans - c
w
...................................................
w
A banker is bound to disclose the affairs of an account, under which of the following ......
a. By court orders under Bankers’ Book Evidence Act.

b. Under RBI Act
…………………………………………………………………………………………………………………………………………………………………
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c. Under Banking Regulation act

d. All the above
Ans - d
m
...................................................
co
Mrs. Radha wife of Mr.Krishan Kumar Singh maintains a substantial savings account at your bank. Mr.
KrishanKumar approaches you for knowing the details of Mrs. Radha’s account. In this case:
s.
a. Disclosure would be justified because a husband is deemed to be an agent of the wife in all financial
dealing.
am
b. Disclosure would be justified because there is no secrecy between husband and wife as a result of
matrimonial relationship.
c. Disclosure would be justified provided no divorce petition is pending in any court.
d. Disclosure would not be justified.
x
ne
Ans - d
...................................................
io
Mr. Rajbahadur is having a Fixed deposit of Rs.15,000/- at your branch. Since he had borrowed some
money from Sher Bahadur, he endorsed the FDR in favour of Sher Bahadur and signs on the back of the
ot
FDR. Mr. Sher Bahadur visits your branch on due date and request for payment. The Bank will:
m
a. Obtain the discharge from Sher Bahadur and make the payment
b. Make the payment only to Rajbahadur
ro
c. Make the payment to Sherbahadur if he is maintaining a account with the branch

kp
Ans - b
...................................................
an
Which of the following is true?

.b
a. Promissory notes and Bills of exchange are to be stamped as per Indian stamp Act 1899
b. cheques and bills of exchange are to be stamped
c. Cheques need not be stamped
w
d. 1&3
w
Ans - d
w
...................................................
How many sections are there in negotiable instrument act?
a. 138
…………………………………………………………………………………………………………………………………………………………………
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b. 146
c. 147
d. 148
m
Ans - c
...................................................
co
"CTS-2010 standard", is related to
s.
a. computer language
b. security feature in bank note
am
c. The benchmark prescriptions for standardization of cheque books
d. accounting standard
Ans - c
x
...................................................
ne
A and B are having a savings account with operational instructions either or survivor and C is the
nominee. Now A has expired. The balance in the account is payable to...
io
a. C only
ot
b. B only
c. legal heir of A and B
m
d. C and B only
ro
Ans - b
...................................................
kp
“Bulls & Bears” is used in ......
a. credit rating
an
b. vegetable markets
c. stock exchange
.b
d. risk management
Ans - c
w
...................................................
w
On July 01, 2018 your branch receives a cheque-dated 1.11.2017 issued by one of your very valuable
w
customer Mr. Prem who normally maintains a balance of Rs.5.00 lakh in his saving bank account. The
bank would ......
a. Pay the cheque

b. Pay and get confirmation of drawer
…………………………………………………………………………………………………………………………………………………………………
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c. Refuse payment of stale cheque

Ans - c
m
...................................................
co
A bill drawn in Delhi issued in favour of a trader in Iran and payable in Madras is ......
a. An accommodation bill
s.
b. An inland bill
c. A foreign bill
am
Ans - b
...................................................
x
ne
Your branch receives a cheque in which amount in words and figures differ. Your ledger keeper insists
on payment of this cheque. The bank should make the payment for amount:
io
a. In words
b. In figures
ot
c. In words or figures whichever less
d. Cheque should be returned.
m
Ans - a
ro
...................................................
Your branch in Chandigarh decides to sanction working capital limits to a public. limited company having
kp
registered office in Chandigarh and proposes to obtain equitable mortgage of immovable property of
the company located in Jaipur. The registration of the particulars of the mortgage will be required to be
done:
an
a. with the Registrar of Companies having jurisdiction over Chandigarh

.b
b. with the registrar having jurisdiction over Jaipur

c. with both the registrars
d. with any of the registrars
w
Ans - a
w
...................................................
w
When a bill matures on a public holiday, the maturity date of the bill falls on ......
a. Next succeeding working day

b. Next preceding business day
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c. Both the above

Ans - b
m
...................................................
co
Banks are required to implement the award and inform the Ombudsman with in ...... from ......
a. 30 days, date of award
s.
b. 30 days, date of customer acceptance
c. 30 days, date of receipt of award
am
d. 30 days, date of receipt of customer acceptance
Ans - d
...................................................
x
ne
Under Basel II, for calculation of risk weighted assets or for determining amount of capital charge, which
of the following approach is used for credit risk and operational risk ......
io
a. credit risk – standard approach, operational risk – standard approach
b. credit risk – standard approach, operational risk – basic. indicator approach
ot
c. credit risk – internal rating based approach, operational risk – basic. indicator approach
d. credit risk – basic. indicatory approach operational risk – internal rating based approach
m
Ans - b
ro
...................................................
What would be the applicable interest rate payable for the overdue period to the legal heirs of the
kp
deceased on matured Term deposit, if not renewed?
a. SB Interest Rate
an
b. Contracted Interest rate of matured deposit

c. Simple interest applicable to FD for the period the deposit remained with bank after maturity
.b
d. Applicable FD interest will be paid if renewed for further period
Ans - a
w
...................................................
w
A bank wants to bring change in the terms and conditions relating to saving bank account. The bank
w
should inform the customer about this ____ month / days before implementation of the change:
a. 2 months
b. 45 days
c. one month
…………………………………………………………………………………………………………………………………………………………………
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d. 15 days
Ans - c
...................................................
m
Which of the following documents do not attract stamp duty?
co
a. Promissory Note
b. Mandate
s.
c. Power of Attorney
d. Form-A
am
Ans - b
...................................................
x
The legal status of a nominee in case of safe custody of articles account is that of ......
a. agent of the locker holder

b. agent of the legal heirs of locker holder ne
io
c. trustee for the locker holder
d. trustee for the legal heirs
ot
Ans - d
m
...................................................
ro
Short term sources is greater than short term uses indicates ......
a. Low Current Ratio

kp
b. High Debt Equity Ratio

c. Higher Current Ratio
d. Low Debt Equity Ratio
an
Ans - a
.b
...................................................
Stamped receipt is to be obtained for all cash transactions of above ......

w
a. Rs. 100/-
w
b. Rs. 500/-
w
c. Rs. 1000/-
d. Rs. Rs. 5000/-
Ans - d
...................................................
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In case of payment of cheque with an endorsement, the paying banker gets protection only when ......
a. signatures of the endorser are not forged

b. endorsement is not without consideration
m
c. endorsement appearing on the instrument is regular
d. all the above
co
Ans - c
...................................................
s.
Which of the following groups, can become a partners in a partnership firm?
am
a. a private company, a public. company, a partnership firm, an NBFC
b. a public. company, an HUF, an individual person, a private company
c. an individual person , a private company, a public. company, a partnership firm
x
d. a private company, a public. company, a partnership firm, a minor
Ans - c
................................................... ne
io
A power of attorney executed abroad and attested by Notary public. in that country ......
ot
a. Is valid in India also if stamped in India within 3 months from date of entry into India.
m
b. Not valid in India unless attested in India

c. Valid if attested in India also by Chief Justice
ro
d. a to c
Ans - a
kp
...................................................
A certificate of deposit is ......

an
a. issued at face value

.b
b. issued at discount to face value

c. issued at a discount to maturity value
w
Ans - b
w
...................................................
w
A bill dated 1.1.2012 is payable 2 months after sight and it was sighted on 15.01.2012, but accepted on
18.01.2012. The due date for payment would be:
a. 15.03. 2012
…………………………………………………………………………………………………………………………………………………………………
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b. 18.03. 2012
c. 17.03. 2012
d. 21.03.2012
m
Ans - d
...................................................
co
As per KYc. guidelines, the suspicious transactions’ report is to be submitted ......
s.
a. within 3 days of close of the month
b. within 7 working days of date of confirmation of suspicion
am
c. within 3 days of date of date of confirmation of suspicion
d. within 15 days of close of the month
Ans - b
x
...................................................
ne
The minimum amount that can be remitted is Rs.2 lac, for which of the following electronic. payment
systems ......
io
a. ECS
ot
b. RTGS
c. NEFT
m
d. Nepal Remittance Scheme

ro
Ans - b
...................................................
kp
In a public. limited company, maximum and minimum no. of shareholders is ......
a. 50 and 10
an
b. No limit and 7
c. 100 and 2
.b
d. 1000 and 100
Ans - b
w
...................................................
w
The balance in hand of a particular currency due to sale and purchase thereof at any time of the day, is
w
called ......
a. position of foreign currency

b. closing balance of foreign currency
c. day position
…………………………………………………………………………………………………………………………………………………………………
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d. day-light position
Ans - d
...................................................
m
What is the period for preservation of documents obtained while opening of deposit accounts?
co
a. 2 years
b. 5 years
s.
c. 8 years
d. 10 years
am
Ans - b
...................................................
x
The net of Exports & Imports and the services including foreign inward remittances forms part of ......
a. Balance of Payments
b. Capital Account ne
io
c. Current Account
d. Trade Surplus
ot
Ans - c
m
...................................................
ro
MCLR of the Banks is fixed by ......
a. Indian Banks Association

kp
b. Reserve Bank of India

c. Planning Department of the Bank
d. Asset Liability Committee (ALCO)
an
Ans - d
.b
...................................................
While renewing the credit limits of the company, it is found that the Debt Equity Ratio is 3 compared to
w
that of 2.5 in the previous year. It indicates ......

w
a. Increase of Profit enabled the Company to add to Reserves

w
b. Decrease of Debt Burden on the Company

c. Adverse Impact on Profit on account of increased interest burden
Ans - c
…………………………………………………………………………………………………………………………………………………………………
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Banks are empowered to take possession of securities (other than rural properties) under provisions of
...... Act, when the borrower fails to repay the loan as per the agreement
a. Indian Contract Act
m
b. Revenue Recovery Act
c. DRT Act
co
d. SARFAESI Act
Ans - d
s.
...................................................
am
What is the net interest rate (Interest Rate minus Interest Subvention) applicable for short term
agriculture production loans (Crop Loans) up to Rs. 3 lacs?
a. MCLR
x
b. Base Rate – 1%
ne
c. 10 percent
d. 7 percent
io
Ans - d
...................................................
ot
Banking Codes and Standards Board of India (BCSBI) deals with ......
m
a. Inspection & Audit of Banks

ro
b. Funds & Investments in Banks

c. Sanctioning of Loans
d. Customer Service
kp
Ans - d
...................................................
an
The Strategic Debt Restructuring (SDR) deals with ...... (i) Transfer of promoters’ equity to Lenders, (ii0
.b
Infusing more equity by the promoters, (iii) Transfer of the promoters’ holdings to a security trustee or
an escrow arrangement till turnaround of company
w

w

w
Ans - d
...................................................
…………………………………………………………………………………………………………………………………………………………………
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Banks can issue draft against accepting cash up to ......
a. Rs. 50000/-
b. Rs. 20000/-
m
c. Rs. 100000/-
d. Rs. 49999/-
co
Ans - d
...................................................
s.
As per RBI guidelines, Business Correspondents undertake the following activities
am
a. Small value receipts & payments of the same bank to whom they are appointed
b. Account opening
c. Small value receipts & payments of other banks
x
d. a & b
Ans - a
................................................... ne
io
RBI advised the banks to implement MCLR which mainly focus on .......
ot
a. Marginal cost of funds

m
b. Average cost of funds

c. Average return on Networth
ro
d. Both Marginal as well as average cost
Ans - a
kp
...................................................
Branches should keep the PMEGP backend received in ...... and should be adjusted to the loan account
an
only after completion of ...... months

.b
a. Fixed Deposit & 36 months

b. Savings Deposit & 36 months
c. Savings Deposit & 24 months
w
d. Fixed Deposit & 24 months

w
Ans - a
w
...................................................
Garnishee order issued by… and the customer and bank relation ...... to it
a. Income Tax Authorities & Debtor and Creditor

…………………………………………………………………………………………………………………………………………………………………
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b. Police & Debtor and Creditor

c. Court & Judgment Debtor and Judgment Creditor
d. Court & Judgment Creditor and Judgment Debtor
m
Ans - d
...................................................
co
What is the insurance coverage available to the borrowers for natural death and death due to accident
under SGSY scheme?
s.
a. Rs. 6000 & Rs. 12000
am
b. Rs. 5000 & Rs. 10000
c. Rs. 6000/- only
d. None
x
Ans - d
ne
...................................................
Which agency is enabling the transfer of subsides directly to beneficiary accounts through Aadhaar
io
Enabled Payment Bridge (AEPB)?
ot
a. RBI
b. SEBI
m
c. IDRBT
d. NPCI
ro
Ans - d
...................................................
kp
Call Money Market interest are linked to ......

an
a. Bank Rate
b. Repo Rate
.b
c. Reverse Repo Rate

d. Market forces
w
Ans - d
...................................................
w
w
Under “Interest Equalisation Scheme”, Banks are advised to pass on the interest upfront @ ...... percent
p.a. to all the eligible exporters availing credit facilities under Rupee Export Credit (Pre and Post
Shipment).
a. 7 percent
…………………………………………………………………………………………………………………………………………………………………
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b. 5 percent
c. 3 percent
d. 2 percent
m
Ans - c
...................................................
co
The base rate is required to be reviewed by banks at least ......
s.
a. once in a month
b. once in a quarter
am
c. once in a half year
d. once in a year
Ans - b
x
...................................................
ne
In which of the following mortgages, the recovery of the loan is from income of property ......
io
a. simple mortgage
b. mortgage by conditional sale
ot
c. usufructuary mortgage
d. equitable mortgage
m
Ans - c
ro
...................................................
In PM Employment Generation Program, the maximum project cost in case of manufacturing units is
kp
restricted to ......
a. Rs.5 lac
an
b. Rs.10 lac
c. Rs.25 lac
.b
d. Rs.50 lac
Ans - c
w
...................................................
w
Ram Lal and Sons, HUF, is having current account operated by Karta, who dies ......
w
a. Operations will be stopped and amount paid to legal heir

b. Eldest among surviving co-parceners would become Karta automatically and operate the account, if
major.
c. HUF would be dissolved
…………………………………………………………………………………………………………………………………………………………………
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Ans - b
...................................................
m
The liability of members of HUF is ......
co
a. Limited
b. Limited to the extent of their shares
s.
c. Unlimited
am
Ans - b
...................................................
x
Trusts are governed by ......
a. Indian Succession Act

b. Negotiable Instruments Act ne
io
c. Indian Trust Act
ot
Ans - c
m
...................................................
ro
A non private charitable trust is registered with ......
a. Registrar of Trusts
kp
b. Register of Societies
c. Registrar of Companies
d. Commissioner of Charity
an
Ans - d
.b
...................................................
For making a reference under CDR2 mechanism, the consent of following group of banks is required ......
w
a. bank having 20% share by value

w
b. borrower having support of a bank with 20% share by value

w
c. majority of banks having 60% share by value and 75% no. of banks
d. majority of banks with 75% share by value and 60% by no. of banks
Ans - d
...................................................
…………………………………………………………………………………………………………………………………………………………………
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A bank is having an account in the name of a trust with four trustees and they want to authorise one of
them to sign on their behalf. In such circumstances:
a. Letter of authority must be signed by all
m
b. Letter of authority should be consented by the Commissioner of charity.
c. The authority would be valid when cheques are drawn only for the achievements of the objectives of
co
trust
d. If trust deed provides for such an authority, it can be accepted.
s.
Ans - d
...................................................
am
Under liberalized foreign exchange remittance scheme, what is the maximum amount that can be
remitted ......
x
a. $ 200000
ne
b. $ 150000
c. $ 125000
d. $ 100000
io
Ans - c
ot
...................................................
m
Which among the following is not true with regard to realisation of export proceeds by the exporter in
India from date of shipment?
ro
a. normal exporters 9 months

b. status holders 9 months
kp
c. warehouse exporters 15 months

d. units in special economic. zones – no time limit
an
Ans - d
...................................................
.b
With a view to affect the money supply in the economy, RBI resorts to Open market operations, which
mean ......
w
a. Sale/purchase of securities
w
b. Sale/purchase of govt. security

w
c. Sale/purchase of govt. securities by RBI

d. all the above
Ans - c
...................................................
…………………………………………………………………………………………………………………………………………………………………
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Which group of risk is taken care of by Real Time Gross Settlement?
a. settlement risk and liquidity risk

b. systemic. risk and liquidity risk
m
c. settlement risk and systemic risk
d. liquidity and market risk
co
Ans - c
...................................................
s.
What is the standard provision on the assets other than SME, Agriculture and Commercial loans?
am
a. 0.40 percent
b. 0.25 percent
c. 0.50 percent
x
d. Nil
Ans - d
................................................... ne
io
Which of the following statement is not correct with regard to RTGS?
ot
a. Meant for Two lakh & above remittances only

m
b. Remittance should be through account transfer only

c. Maximum charges should not be more than Rs. 50 per remittance
ro
d. Charges to be collected from the Beneficiary only
Ans - d
kp
...................................................
Power of Attorney was granted by a customer for a period of 12 months to X. The customer wants to
an
revoke it after 6 months. What are the options available to the Branch?
.b
a. It should be revoked only after 12 months

b. Yes he can revoke at any time
c. Revoked with the consent of the power of attorney holder
w
d. Yes he can revoke with the consent of the Banker

w
Ans - b
w
...................................................
Which of the following is not “Money Market Instrument”?.
a. Treasury Bills
…………………………………………………………………………………………………………………………………………………………………
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b. Commercial Paper (CP)

c. Certificate of Deposits (Cd)
d. Fixed Deposit
m
Ans - d
...................................................
co
What is Firewall technology?
s.
a. Technology used in putting off industrial fires
b. Program to protect a network from outside intrusion
am
c. Computer program that becomes cause of virus attack
Ans - b
x
...................................................
ne
Which of the following facility cannot be allowed to a blind person (i.e. a visually impaired person)?
io
a. cheque book facility in his Sb. account
b. ATM facility
ot
c. locker facility
m
Ans - d
ro
...................................................
A kite flying transaction represents which of the following ......

kp
a. when overdraft is allowed by a bank to a firm

b. when additional loan is allowed by a bank to a firm to cover the amount of irregularity in the account
an
c. when a bill is drawn without considerationby seller of goods on buyer of good.

d. when loan is allowed for low amounttransaction
.b
Ans - c
...................................................
w
Firm X and Y are having accounts with Bank and the both the firms are represented by A, B and C as
w
partners. Firm X showing a debit balance of 2.20 lakh and there is a credit balance of 3 lakh in Firm Y.
w
Bank adjusted the debit balance of X account with available balance in Y account.
a. Branch can exercise right of set-off

b. Right of set-off can’t be exercised as the accounts are different
c. Right of set-off can be exercised by issuing a notice
…………………………………………………………………………………………………………………………………………………………………
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d. None
Ans - b
...................................................
m
Transaction Password relates to ......
co
a. Core Banking
b. ATM operations
s.
c. Internet Banking
d. Tele banking
am
Ans - c
...................................................
x
Nomination in respect of the following is to be witnessed by two persons
a. All deposit accounts

b. Deposit accounts where the nominee is a minor ne
io
c. Physically challenged accounts
d. Thumb impression accounts (illiterate)
ot
Ans - d
m
...................................................
ro
“Actionable Claims” deals with ...... (i) Debt, (ii) Receivables, (iii) Subsidy or Duty Draw Back

kp

an
Ans - d
.b
...................................................
A bank branch wants a letter to be written to its Head Office justifying its failure to achieve the budgets
w
for profits and quality of assets. Which among the following software will be used to write this letter:
w
a. MS Excel
w
b. MS Excess
c. MS Power Point
d. MS Word
Ans - d
…………………………………………………………………………………………………………………………………………………………………
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Which of the following account can be opened by NRI, jointly with resident Indian?
a. Resident Foreign Currency Account

b. Foreign Currency non-resident account
m
c. Non-resident external rupee account
d. none of the given options
co
Ans - d
...................................................
s.
A bank sold more foreign currency than it purchased during a particular day. The situation would be
am
known as ......
a. over-bought position
b. short position
x
c. long position
ne
d. overnight position
Ans - b
io
...................................................
ot
A issues a cheque in favour of B on 1.7.2015 but forgets to fill in the date. B presents the cheque for
payment on 15.7.2015 filling the date as 10.07.2015. The bank will:
m
a. Pay the cheque

ro
b. Bank will not pay the cheque

c. Bank will hand over the cheque to the police
kp
Ans - a
...................................................
an
A opened a current account on 10.7.2015 and obtained cheque book the next day and issued a cheque
.b
in favour of B on 14.7.2015 mentioning the date as 1.7.2015. Cheque is presented on 20.7.2015. The
bank in this case can:
w
a. Pay the cheque

b. Refuse the payment \Contact the account holder
w
c. Contact the account holder

w
Ans - a
...................................................
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Payment of a cheque is not affected by ......
a. Death of the payee

b. Death of the drawer
m
c. Insolvency of the drawer
co
Ans - a
...................................................
s.
A cheque-dated 29.2.2015 is presented on 28.2.2015. The bank should ......
am
a. Pay the cheque
b. Refuse the payment of post-dated cheque
c. Contact the drawer
x
Ans - b
................................................... ne
io
The Bank can make payment of cheque even after receiving notice of the drawer for ......
ot
a. For criminal liability

m
b. For monetary liability

c. For both the above
ro
Ans - c
kp
...................................................
Y's current account is over drawn by Rs 3500/-.The bank can exercise right of setoff against ......
an
a. credit balance in the partnership account where y is a partner

.b
b. cash deposited by y for buying a DD

c. credit balance in the account of a minor with y as Guardian
d. credit balance in the account of y maintained with another branch of the same bank
w
Ans - d
w
...................................................
w
A issues a cheque in favour of B and also writes on face of the cheque that it is valid for eight months.
Bank will ......
a. Pay the cheque within 8 months

…………………………………………………………………………………………………………………………………………………………………
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b. Not pay if presented after 3 months

c. Will not pay the cheque
m
Ans - b
...................................................
co
You receive a cheque, which is issued, by one of your customers; in favour of a very reputed limited
company whose account you trying to take over from other bank. What will you do with this cheque?
s.
a. Pay if it is bearer
am
b. Not pay across the counter
c. Pay if manager is satisfied
x
Ans - b
ne
...................................................
A the customer of the bank authorises ‘B’ to receive the payment from his account on a plain paper. He
io
comes to bank and demands money:
ot
a. Is bound to make payment and obtain stamped receipts as in NI Act there is no provision as to the
type or form to be used for demanding money.
m
b. Bank would refuse the payment.

c. Bank would advise drawer to get a chequebook issued.
ro
Ans - a
kp
...................................................
KYC has introduced in banks with a view to curtail ......

an
a. Tax evasion
.b
b. Corruption
c. Money laundering
d. Non performing asset
w
e. None of these
w
Ans - c
w
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In an account of joint trustee, on the death of one of the trustees ......
a. Bank account will be operated upon by surviving trustees.

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b. Bank will not permit operations unless it is specifically mentioned in the trust deed
c. Surviving trustees can operate the account if bank permits
m
Ans - b
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co
A trustee can raise a loan against the mortgage of property if ......
s.
a. Trust deed permits him to do so
b. Trust deed can not have conditions to the contrary
am
c. Trustee can stand as guarantor
Ans - a
x
...................................................
A contract with a married woman is ......

ne
io
a. Invalid
b. Unlawful
ot
c. Lawful
d. Should be ignored
m
Ans - c
ro
...................................................
The husband is not responsible for a loan raised by a married woman, the exception to this rule is ......
kp
a. When consent of the husband was taken before granting the loan
b. When loan had been granted for maintenance of the wife
an
c. Both (a) and (b)

.b
Ans - c
...................................................
w
Mrs. x who maintained a safe deposit locker had expired and Mr x husband of her produces a power of
w
attorney executed in his favour by Mrs x authorizing him to operate the locker during her life time or
w
even after her demise and request the bank to allow him to take contents of locker.
a. He may be allowed
b. since power attorney is not considered for operation of locker he will not be allowed
c. authority to operate the locker comes to an end on the death of Mrs x.
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d. As x is the legal heir and also holding the power of attorney ,he can be allowed
Ans - c
...................................................
m
A bank grants a loan of Rs 30000/-to X and obtains a demand promissory note and forgets to affix
co
revenue stamp by oversight. The account has become sticky and bank wants to file a suit for recovery of
the amount on the strength of the demand promissory note.
s.
a. Revenue stamp should be affixed and crossed before filing the suit
b. ten times the value of the stamp can be paid and suit can be filed.
am
c. The court has the power to condone the omission on being satisfied about the cause of omission.
d. Omission can not be condoned
Ans - d
x
...................................................
ne
How many maximum members can be there in a private company(other than one person company) as
per company act 2013?
io
a. 50
ot
b. 100
c. 200
m
d. No limit
ro
Ans - c
...................................................
kp
What is the limit on number of partners in a partnership firm imposed by Companies act 2013?
a. 10
an
b. 20
c. 50
.b
d. 100
Ans - d
w
...................................................
w
The hirer of a safe deposit locker reports that the loss of key of the locker ......
w
a. he will be issued a duplicate key on executing an indemnity bond

b. he will be advised to lodge FIR with police authorities and thereafter it will be broken open in the
presence of police inspector and a witness
c. the safe will be broken open by the representative of the manufacturer in the presence of hirer
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d. he has to surrender the locker
Ans - c
...................................................
m
In terms of which ACT no Person other than RBI can draw a BE or PN payable to bearer on demand ......
co
a. SEC 31 of RBI Act
b. SEC 31 of Bract
s.
c. SEC 31 of N.I act
4]sec 31 of contract act
am
Ans - a
...................................................
x
Under National Urban Livelihood Mission (NULM), the following statement is not correct in relation to
ne
claim for subsidy ......
a. subsidy claim is to be sent to Urban Local Body

io
b. subsidy claim is to be sent on monthly basis
c. subsidy claim to be paid to bank on quarterly basis
ot
d. if subsidy claims of banks are not settled for 3 months, the SLBc. can stop the scheme temporarily
m
Ans - d
...................................................
ro
Under National Urban Livelihood Mission (NULM), additional interest subsidy is available for prompt
payment. Find which one is correct out of the following:
kp
a. prompt payment subsidy is available for women self-help group only

b. prompt payment subsidy is available at 3%
an
c. prompt payment means when the due amount is repaid within 30 days of due amount in case of term
loan
.b
d. outstanding balance is not more than the sanctioned limit or DP
Ans - d
w
...................................................
w
Bank has allowed two housing loans of Rs.10 lac. and Rs.25 lac. It has also allowed loan to a dealer of
w
fertilizers. The accounts are in standard category.The provision will be:
a. 0.4% in all accounts

b. 0.25% on loan to dealer and 0.4% other accounts
c. 0.25% on loan to dealer, 1% on house loan of Rs.25 lac. and 0.4% other accounts
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d. 0.25% in all accounts
Ans - a
...................................................
m
The Attachment order will be applicable only when the banker and customer would be having following
co
relationship ......
a. Trustee and beneficiary
s.
b. Principal and agent
c. Bailor and bailee
am
d. Debtor and creditor
Ans – d
...................................................
x
ne
Which of the following is called revenue deficit in the Central Govt.’s budget exercise?
a. total receipts less total expenses

io
b. total payments less total revenue
c. revenue receipts less revenue payment
ot
d. capital receipts less capital payment
m
Ans - c
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ro
If the bank is to square the oversold position and the rates of exchange are declining at that time, the
bank ......
kp
a. gains
b. loses
an
c. it may gain or may lose

d. there is not change
.b
Ans - a
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w
A proprietorship concern has net profit of Rs.20 lac, depreciation Rs.5 lac. and annual interest payable
w
on long term liabilities Rs.5 lac. Its DSCR is 2. What is the amount of annual instalment of the long term
w
liabilities ?
a. 15 lac
b. 12 lac
c. 10 lac
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d. 8 lac
Ans - c
...................................................
m
U/s 125 of the Companies Act 1956, the filing of particulars of charge with Registrar of Companies has to
co
be done from date of creation of charge within:
a. 35 days
s.
b. 37 days
c. 60 days
am
d. 30 days
Ans - d
...................................................
x
ne
Which of the following accounts can be opened by a non-resident, who has permanently returned to
India recently?
io
a. NRE account
b. FCNR account
ot
c. NRO Account
d. Resident Foreign Currency account
m
Ans - d
ro
...................................................
Bank Z is selling 3rd party products and gets commission for that. It faces, which of the following type of
kp
risk?
a. reputation risk
an
b. settlement risk
c. operational risk
.b
d. liquidity risk
Ans - c
w
...................................................
w
Commencement of employees’ working hours should be 15 minutes before the commencement of

w
business hours. Which of the following committees gave these recommendations ?
a. Jankiraman Committee
b. Talwar Committee
c. M Narasimham Committee
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d. Goiporia Committee
Ans - d
...................................................
m
A complaint has been rejected by the Ombudsman. The customer ......
co
a. cannot file suit in a court of law
b. can file suit in a court against
s.
Ombudsman
c. can appeal within 45 days to Appellate Authority
am
d. can appeal within 30 days of date of receipt of information about rejection
Ans - d
...................................................
x
ne
Beyond the minimum amount of Rs.1 lac. for a CD, it can be issued in the multiple of Rs.:
a. 10 lac
io
b. 5 lac
c. 1 lac
ot
d. Rs.0.5 lac
m
Ans - c
...................................................
ro
Corporate Debt Restructure (CDR) is applicable to which of the following types of accounts?
kp
a. Standard and all NPA accounts

b. BIFR accounts and all irregular accounts
c. Standard, sub-standard & doubtful a/cs
an
d. misappropriation and willful defaulter a/cs

.b
Ans - c
...................................................
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When the contents of the Negotiable Instrument are modified by the drawer, it is treated as ......
w
a. Forgery
w
b. Fraud
c. Material alteration
d. suppression of facts
Ans - c
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On which of the following dates, Hindi was declared Official Language of the Union, due to which Hindi
Diwas is observed on that day?
a. January 26, 1949
m
b. August 15, 1950
c. September 14, 1949
co
d. January 26, 1956
Ans - c
s.
...................................................
am
A contract is entered between an exporter and importer to exchange foreign currency flows. This is
known as ......
a. arbitrage
x
b. swap
ne
c. forward contract
d. futures
io
Ans - b
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ot
Loans to repairs to dwelling units up to ....... lakh is treated as priority sector.

m
a. Rs. 1 lakh for Rural/Semi urban & Rs. 2 lakh for Urban/Metro centres
ro
b. Rs. 2 lakh for Rural/Semi urban & Rs. 5 lakh for Urban/Metro centres
c. Rs. 2 lakh at all places
d. Not more than 10% cost of the dwelling unit
kp
Ans - b
...................................................
an
A cheque was issued for Rs. 8000/- leaving blank space both at figures and words column, and the
.b
bearer of cheque made it Rs. 80000/- and withdrew amount. Customer made a claim for Rs. 72000/-
against the bank.
w
a. Bank to reimburse the amount since the cheque was issued for Rs. 8000/-only
b. Customer is liable since he is negligent having left blank space at figures and words column
w
c. Bank and Customer equally responsible

w
d. Bank to file case against the bearer for making alternations of cheque
Ans - b
...................................................
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Housing Loan of Rs. 80 lakh where the LTV is below 75%, it attracts Risk weight @ ......
a. 75 percent
b. 100 percent
m
c. 125 percent
d. 150 percent
co
Ans - c
...................................................
s.
The least discussed aspect by a financial analyst while appraising proposal ......
am
a. Ratio Analysis
b. Economic conditions
c. Technical aspects
x
d. Managerial
ne
aspects
Ans - b
io
...................................................
ot
Exercise of nomination by the depositor ......
m
a. Optional to the depositor

b. Mandatory in case of single named accounts
ro
c. Mandatory in case of joint accounts

d. Mandatory for locker accounts
kp
Ans - a
...................................................
an
Which of the following is exempted from NPA provisioning?

.b
a. Loans against Deposits

b. Loans guaranteed by State Govt
c. Loans guaranteed by Central Govt
w
d. Loans against NSCs

w
Ans - a
w
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In case of deceased borrower, the legal heirs liability is?
a. Limited to the extent of property inherited

…………………………………………………………………………………………………………………………………………………………………
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b. Not liable at all

c. Unlimited and unconditional
d. 50% of liability
m
Ans - a
...................................................
co
X introduced for opening the account of Y. What is the responsibility of X in case of fraud committed by
Y?
s.
a. To be reimbursed fully
am
b. No responsibility
c. 50% of loss
d. Assist the bank in identifying the account holder
x
Ans - d
ne
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Under ‘Whistle Blower’ the information can be directly submitted to ......

io
a. Board
ot
b. Audit Committee of the Board
c. Management Committee
m
d. Central vigilance Commission

ro
Ans - b
...................................................
kp
Which of the following are not part of Tier-I capital? (i) Cumulative Perpetual Preferential Shares (CPPS),
(ii) Subordinate Debt, (iii) Perpetual Non-cumulative Preferential Shares (PNCPS)
an

.b

w
Ans - a
...................................................
w
w
Preservation time for applications of closed accounts ......
a. 3 years
b. 5 years
c. 10 years
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d. Permanent
Ans - b
...................................................
m
To avert fraudulent encashment of cheques presented for collection, branches are required to ......
co
a. Present in clearing immediately
b. Introduce Drop Box
s.
c. Affix the Special Crossing Stamp immediately on receipt of instrument
d. None
am
Ans - c
...................................................
x
A customer hands over some shares to the bank to sell them on a particular price and the bank takes the
ne
shares into its possession. For its NPA loans:
a. the bank can exercise the right of general lien on these shares
io
b. the bank can have a particular lien on these shares
c. the bank can have negative lien on these shares
ot
d. the bank can have no lien on these shares
m
Ans - d
...................................................
ro
Subsidy under the SJSRY scheme is available at ...... % of project cost

kp
a. 5%
b. 10%
c. 25%
an
d. 30%
.b
Ans - c
...................................................
w
Rules regarding preservation of records in bank are framed by ...... under ...... Act
w
a. RBI, RBI Act

w
b. Govt., RBI Act

c. Central Govt., Banking Regulation Act
d. RBI, Banking Regulation Act
Ans - c
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Cash Reserve Ratio is maintained under the provisions of which of the following?
a. Section 42 of RBI Act

b. Section 24 of Banking Regulation Act
m
c. Section 42(1) of RBI Act
d. Section 42(2) of RBI Act
co
Ans - c
...................................................
s.
Which of the following kinds of charges is created on the book debts while allowing cash credit
am
advances, by banks?
a. Pledge
b. Assignment
x
c. Hypothecation
ne
d. mortgage
Ans - b
io
...................................................
ot
You are approached by your client for guidance, as to which combination of current ratio and debt-
equity ratio is generally acceptable to the bankers. Your answer should be:
m
a. current ratio 1.7:1 and Debt equity ratio 4:1

ro
b. current ratio 1.33 and Debt equity ratio 2:1

c. current ratio 1.17 & debt equity ratio 1.5:1
d. current ratio 1:1 and debt equity ratio 1:1
kp
Ans - b
...................................................
an
Debt equity ratio of a firm is 2:1 with long term outside liabilities of Rs.20 lac. In the year it incurs loss of
.b
Rs.2 lac. What shall be the tangible networth of the firm after this loss at the end of theyear.
a. Rs.5 lac
w
b. Rs.6 lac
c. Rs.8 lac
w
d. Rs.10 lac
w
Ans - c
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In case a notice has to be served on a company it should be sent at ......
a. Factory office
b. Corporate office
m
c. Registered office
co
Ans - c
...................................................
s.
A bank grants a loan to a married woman which she is unable to repay ......
am
a. Bank can file suit against husband
b. Woman is personally responsible
c. None of the above
x
d. Both (a) and (b)
Ans - b
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io
After marriage of a Hindu Women, her right of streedhan ......
ot
a. remain unaffected
m
b. remain unaffected if her parents allow

c. remain unaffected if in-laws permit
ro
d. get extinguished
Ans - a
kp
...................................................
Any contract entered with a Pardanashin lady is ......

an
a. Valid contract
.b
b. Voidable contract
c. Void contract
d. Avoidable contract
w
Ans - b
w
...................................................
w
What is not true in respect of nomination of following types of accounts?
a. in joint deposit accounts only one nomination is allowed

b. in joint locker accounts, the no. of nominees can be equal to no. of locker holders
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c. in joint safe deposit of articles, the no.of nominees can be one

Ans - c
m
...................................................
co
Banks prefer giving credit facilities to their borrowers in the form of bills purchasing or discounting,
because ......
s.
a. the loan can be recovered from the drawee also by filing suit
b. the loan is self-liquidating
am
c. the amount of loan can be very easily determined
d. the loan is of short term nature
Ans - b
x
...................................................
ne
When a loan is given by a bank on the security of railway receipt (RR) or goods receipt (GR) issued by a
transport company, which type of charge is created
io
a. pledge
ot
b. lien
c. hypothecation
m
d. assignment
ro
Ans - a
...................................................
kp
Which among the following documents when executed by a bank or any of its customers in favour of
bank or otherwise, has different stamp duty (excluding the State of J&K) in different places i.e. States:
an
a. Proxy Letter
b. Letter of credit
.b
c. Promissory note
d. Acknowledgement of debt
w
Ans - d
...................................................
w
w
Which among the following ratios relates to solvency of a firm, particularly the capability to meet its
long term liabilities, regularly, whenever falling due for payment:
a. debt equity ratio

b. debt service coverage ratio
…………………………………………………………………………………………………………………………………………………………………
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c. debtor’s velocity ratio

d. current ratio
Ans - b
m
...................................................
co
Listed companies are required to disclose their annual audited results within ...... from close of the
financial year
s.
a. 15 days
b. 30 days
am
c. 45 days
d. 60 days
Ans - d
x
...................................................
ne
Under education loan scheme, what is the amount of loan, up to which collateral security is exempted?
io
a. Rs.2 lac in general cases
b. Rs.5 lac for education in India
ot
c. Rs.10 lac for education abroad
d. Rs.7.50 lac in all cases
m
Ans - d
ro
...................................................
A firm has a debt equity ratio of 3:1 with a tangible net worth of Rs.20 lac. Its accountant accounts term
kp
loan instalment payable during 12 months from balance sheet for Rs.10 lac. as part of the current
liabilities while working out the debt-equity ratio. What shall be the debt-equity ratio when the said
instalment is considered as part of the term loan ?
an
a. 2.5:1
.b
b. 3.5:1
c. 4.0:1
d. 4.5:1
w
Ans - b
w
...................................................
w
A bank has a right called....to combine two or more accounts (at least one of which has debit balance
and another has credit balance) in the same capacity,of customer:
a. Right of subrogation
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b. Right of adjustment
c. right of lien
m
Ans - d
...................................................
co
What is the minimum capital adequacy ratio for a bank in India as prescribed by RBI under Basel II?
s.
a. 11%
b. 10%
am
c. 9%
d. 8%
Ans - c
x
...................................................
ne
io
ot
m

ro
Ans - d
...................................................
kp
To pass a cheque issued by the customer in favour of electricity department, bank allowed a small
amount of overdraft to one of its saving bank account holder, without his request for which the
customer sends thanks letter. But he is not ready to pay the amount of overdraft on the plea that he
an
never requested for OD:

.b
a. bank can recover the amount

b. bank cannot recover the amount
c. bank cannot recover the amount as this has been given without consent of the customer
w
d. bank can recover the amount but no interest can be charged.

w
Ans – a
w
...................................................
What is the maximum time available to a customer for lodging complaint to Ombudsman?
a. 1 month from date of complaint made to bank and no reply received

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b. 1 year from date of receipt of reply from the bank but customer is not satisfied
c. 1 year from date of lodgement of complaint with the bank + 1 month, where reply has not been
received.
d. b or c
m
Ans - d
co
...................................................
s.
am
a. Dy. Governor RBI
c. CEO of the bank
x
ne
Ans - d
...................................................
io
A uniform margin of ...... is to be applied on all advances / financing of IPOs / issue of guarantees on
behalf of share and stockbrokers or on behalf of commodity brokers in favour of commodity exchanges
ot
viz. National Commodity & Derivatives Exchange (NCDEX), Multi Commodity Exchange of India Ltd.
(MCX) and National Multi Commodity Exchange of India Ltd. (NMCEIL):
m
a. 50%
ro
b. 40%
c. 30%
d. 25%
kp
Ans - a
...................................................
an
X presented a bearer cheque for payment for Rs.7500 from account of Mr. Z. He refuses to sign on the
.b
back side of the cheque while obtaining this payment:
a. bank can make the payment, without getting signatures

w
b. bank can refuse the payment since payment without signature of receiver is not a payment in due
course
w
c. bank can pay by obtaining stamped receipt for receiving the cash
w
d. bank can pay by obtaining unstamped receipt for receiving the cash
Ans - c
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What type of risk, do the banks face by extending financial inclusion through business correspondents?
a. market risk
b. reputation risk
m
c. credit risk
d. settlement risk
co
Ans - b
...................................................
s.
A contract entered with a Pardanashin lady can be declared void only when it is proved that ......
am
a. the identity was not established
b. another party unduly influenced the lady
c. free consent was not given
x
d. all the above.
Ans – d
................................................... ne
io
In which of the following accounts, the available funds cannot be attached by a garnishee order (1)fixed
ot
deposit that has not matured (2) account in the name of a deceased person (3) unused balance in
overdraft account
m
a. 1 to 3 all
ro
b. 2 and 3
c. only 2
d. only 3
kp
Ans - d
...................................................
an
Gopi is maintaining a current account with the bank and bank receives information regarding his insanity
.b
......
a. The bank should stop operations

w
b. Bank should close the account

c. Bank should ignore the information
w

w
Ans - a
...................................................
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Whether a lunatic or a mentally unsound person can become a borrower?
a. Yes
b. No
m
c. Yes, if lunacy or mental unsoundness is of temporary nature and loan is raised when he is not
unsound
co
Ans – c
s.
...................................................
am
A person who is drunkard ......
a. Should not be granted loan

b. Should be granted loan after obtaining doctor’s certificate
x
c. Should be granted loan when he is not under influence of liquor
ne
Ans - c
io
...................................................
ot
Who can operate upon the account of blind person?
m
a. Guardian appointed by court

b. Blind person himself
ro
c. A near relative
kp
Ans - b
...................................................
an
If the current assets are Rs. 150 and the current ratio is 1.5 : 1 the current Laibilities should be ......
.b
a. Rs. 1000
b. Rs. 200
c. Rs. 100
w
d. Rs. 225
w
Ans - c
w
...................................................
A very high debt equity ratio means the unit is ......
a. Having more own funds than outside liabilities

…………………………………………………………………………………………………………………………………………………………………
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b. Having more outside liabilities than own funds

c. Having funds surplus
d. Having no equity at all
m
Ans - b
...................................................
co
Acid test ratio or quick ratio is ......
s.
a. Quick fixed assets/current liabilities
b. Current assets – inventory/current liabilities
am
c. Current assets – inventory/current liabilities – bank borrowings
Ans - c
x
...................................................
Debt service coverage ratio is (DSCR) ......

ne
io
a. Profit after tax + depreciation – interest on term loan/annual term loan instalment + interest on term
loan
ot
b. Profit before depreciation and Interest / Interest and annual instalment of Term Loan
c. Profit/debt
m

ro
Ans - b
...................................................
kp
While withdrawing an amount from account, the blind person:
a. Can put his signatures

an
b. Can put his thumb impression

c. Either of above
.b
Ans - c
w
...................................................
w
What is the time limit during which the pension should be credited in account of the pensioner?
w
a. it should be by last day of each month

b. it can be spread over last 4 working days of month and for March, on or first working day of the next
month
c. it should be credited on or after first working day of the next month
…………………………………………………………………………………………………………………………………………………………………
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d. it can be spread over last 4 calendar days of each month and for March on or first working day of the
April next
Ans - b
m
...................................................
co
A person from special category under PMEGP is entitled to following subsidy:
a. rural areas 25% of project cost, urban areas 25% of project cost
s.
b. rural areas 35% of project cost, urban areas 25% of project cost
c. rural areas 25% of project cost, urban areas 15% of project cost
am
d. rural areas 25% of project cost, urban areas 35% of project cost
Ans - b
...................................................
x
ne
Under provisions of Bankers Book Evidence Act, which of the following can be produced by the bank in a
court of law:
io
a. only original records or documents
b. copy of the original records or documents
ot
c. certified copy of the original records or documents
d. any of the given options
m
Ans - c
ro
...................................................
A cause of complaint occurred on January 12, 2010 and the customer made a request to the bank on
kp
January 22, 2010, after verbally pursing the matter. The bank however, did not reply. The customer can
lodge the complaint with Ombudsman latest by which date, for settling this complaint:
an
a. February 12, 2010

b. February 22, 2010
.b
c. February 12, 2011

d. February 22, 2011
w
Ans - d
...................................................
w
w
For initiating penal action by different banks, against willful defaulters, the cut off amount of Rs. ...... has
been fixed by ......
a. Rs.5 lac, RBI

b. Rs.5 lac, CIBIL
…………………………………………………………………………………………………………………………………………………………………
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c. Rs.25 lac, RBI

d. Rs.25 lac, Ministry of Finance
Ans - c
m
...................................................
co
A minor was admitted in a partnership firm for benefits, on Jan 14,2012. He attains majority on Mar
14,2012.He comes to know about this admission for benefits, on April 25, 2012 only. Latest by which
date, he can opt to become the partner in this firm.
s.
a. April 25, 2012
am
b. July 13, 2012
c. Sept 13, 2012
d. Oct 24, 2012
x
Ans - d
ne
...................................................
Which of the following loan can be included in weaker section within priority sector (1) loan to a farmer
io
having land holding of 3 hectares (2) loan of Rs.40000 to an artisan (3) loan of Rs.60000 to a distressed
poor for debt swap:
ot
a. 1 to 3 all
m
b. only 1 and 2
c. only 3
ro
d. only 2
Ans - d
kp
...................................................
An AD-Category 1 bank can permit write off of unrealized portion of the export, if the relevant amount
an
has remained outstanding for more than ____ and other conditions are satisfied:
.b
a. 3 months from due date

b. 6 months
c. 12 months
w
d. 24 months
w
Ans - c
w
...................................................
An import licence is issued by DGFT on the basis of which of the following value:
a. CIF value
…………………………………………………………………………………………………………………………………………………………………
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b. C&F value
c. FOb. Value
d. CIF or FOB, whichever is lower
m
Ans – a
...................................................
co
Which of the following is not correct in the context of a put option?
s.
a. a put option is an option to sell
b. in a put option, there is no obligation of option buyer to sell
am
c. a put option can be American option only
d. a put option can be European option or American option
Ans - c
x
...................................................
ne
Under SARFAESI Act, the bank is required to give to borrower a notice of ...... days, for taking possession
of the security:
io
a. 15 days
ot
b. 30 days
c. 60 days
m
d. 90 days
ro
Ans - c
...................................................
kp
The borrower wants to appeal against the order of Debt Recovery Tribunal under SARFAESI Act to DRAT.
It can do so ......
an
a. within 30 days of date of order

b. within 45 days of date of receipt of order
.b
c. by depositing 50% of the amount of decree issued by DRT

d. by depositing 75% of the amount of decree issued by DRT
w
Ans - c
...................................................
w
w
A cheque is presented in the account of Mr. X, but meanwhile a garnishee order is received. On receipt
of garnishee order, on account of a customer, what is status of liability of the bank to pay the cheque ?
a. Stops operations in the account

b. Loses the right of set off.
…………………………………………………………………………………………………………………………………………………………………
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c. Bank is discharged from the liability to honour the cheque issued by the customer
Ans - c
m
...................................................
co
Bank cannot disclose the affairs of account of a customer. What are the circumstance where it is under
obligation to disclose the affairs of customer’s account ?
s.
a. compulsion of law
b. banking practice
am
c. in interest of the bank
d. a to c
Ans - d
x
...................................................
Which of the following narration to the LORO account matches?

ne
io
a. our account with you
b. your account with us
ot
c. their account with them
d. their account with u
m
Ans - c
ro
...................................................
Mr. Ashok Rahi had obtained a fixed deposit from India Bank Limited for Rs.50000 for 2 years which
kp
have passed 4 months back. When Mr. Ashok Rahi demanded the payment from the bank on Sept 12,
2005 after maturity, the bank could not locate the records. What is the limitation period during which
the customer can file suit to recover the amount from bank?
an
a. there is no limitation period in case of deposits and these can be claimed any time
.b
b. the limitation period is three years from date of expiry of the fixed deposit receipt.
c. the limitation period begins from date of the term deposit and is three years
d. the limitation period runs from date of demand of the money and is three years
w
Ans - d
w
...................................................
w
As per KYc. guidelines of RBI, the customers are categorized into ...... categories which are ......
a. 2, high risk, low risk

b. 2, low risk, medium risk
…………………………………………………………………………………………………………………………………………………………………
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c. 3, high risk, medium risk, low risk

d. 4, very high risk, high risk, medium risk and low risk
Ans - c
m
...................................................
co
What is the maximum extent of exposure of banks in unsecured advances as per RBI directives?
a. 10% of the total advances
s.
b. 15% of the net bank credit
c. 20% of the non-food credit
am
d. discretion of the banks
Ans - d
...................................................
x
ne
Reply is required to be given under Right to information Act in maximum within ...... days
a. 10 days
io
b. 15 days
c. 20 days
ot
d. 30 days
m
Ans - d
...................................................
ro
In a foreign letter of credit, the date for shipment is stated as around 25th January 2013
kp
a. Shipment has to be made by 25th Jan 2013 only

b. the word ‘around’ will be ignored
c. shipment can be made 5 working days before or after
an
d. shipment can be made 5 calendar days before or after

.b
Ans - d
...................................................
w
What is the margin % for advances against shares in demat format?

w
a. 25% for all

w
b. 40% for all

c. 50% for companies
d. 40% for individuals
Ans - a
…………………………………………………………………………………………………………………………………………………………………
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A farmer who has not raised crop loan from the bank, wants loan against agricultural produce stored in
a warehouse, before its marketing. What is the maximum amount of loan that banks can allow:
a. Rs.5 lac
m
b. Rs.10 lac
c. Rs.15 lac
co
d. Rs.50 lac
Ans - d
s.
...................................................
am
What is true regarding the ownership and possession of security in respect of pledge, hypothecation and
mortgage?
a. in all these cases, the possession is with bank and ownership with borrower
x
b. the ownership is with owner in all cases, but possession is with bank for pledge and with borrower for
ne
others
c. ownership is with owner in all cases, but possession is with bank for pledge & hypothecation and with
borrower for mortgage
io
d. ownership is with owner in all cases but possession is with bank for pledge and mortgage and with
borrower for hypothecation
ot
Ans - b
m
...................................................
ro
The term ‘core capital’ in the context of Basel 2 represents which of the following?
a. paid up capital and reserves

kp
b. Tier I capital funds

c. Tier II capital funds
d. Total capital funds comprising Tier 1, Tier II and Tier III
an
Ans - b
.b
...................................................
In the balance sheet of a company, the income accrued and not received is shown as ......
w
a. current liability
w
b. net worth
w
c. current asset
d. non-current asset
Ans - c
...................................................
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What is a derivative ......
a. it is a contract for trading in goods

b. it is a contract for sale and purchase of shares
m
c. a financial contract payable in future and based on an underlying financial contract
d. a financial contract based on purchase of demat shares
co
Ans - c
...................................................
s.
am

b. two crop seasons
x
c. one crop season
ne
Ans - d
io
...................................................
ot
Which of the following is not included in the cost of plant and machinery for the purpose of original
investment, in micro & small enterprises as per Micro Small & Medium Enterprises Development Act
m
2006:
ro
a. Cost of equipment
b. Cost of machinery
c. cost of land & building
kp
d. amount of taxes paid on original cost
Ans - c
an
...................................................
.b
If fixed/term deposit accounts are opened with operating instructions, Either or Survivor and the
payment is to be obtained before maturity, the signatures of which of the following are required ......
w
a. both the account holders

b. first account holder
w
c. 2nd account holder

w
d. only surviving account holder
Ans – a
...................................................
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An exporter of your branch receives letter of credit for export of hand-tools to UK but there is no
mention of partial shipment in the credit. In order to conveniently despatch the goods, the exporter
wishes that he could partially ship and also trans-ship the exported material:
m
a. only trans-shipment is allowed where the credit is silent
b. only partial shipment is permitted where the credit is silent
co
c. where both of these are not mentioned these are not permitted
d. if the credit is silent, both the partial as well as trans-shipment are allowed
s.
Ans - d
...................................................
am
The advance allowed to a party for manufacturing or processing the goods for export there of is called
......
x
a. cash credit advance
ne
b. overdraft advance
c. pre-shipment advance
d. post shipment advance
io
Ans - c
ot
...................................................
m
A cheque in favour of Lord Krishna or order is presented for payment ......

ro
a. Bank can pay

b. Bank should refuse to pay because either it can be paid only to drawer or it can be credited to the
trust account in the name of the Lord Krishna
kp
c. Bank can pay to the presenter

an
Ans - b
...................................................
.b
Your branch receives an electronic image of a cheque for payment. What should the branch do?
w
a. Should not pay

b. Should pay only if the instruments has also got the digital signature .
w
c. Should pay on indemnity of the drawer.

w
Ans - b
...................................................
…………………………………………………………………………………………………………………………………………………………………
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A issued a cheque in favour of Ram or order but before handing it over to Ram he cancelled `or the
order to’ and authenticated the cancellation under full signatures. Now the payment of the cheque can
be made to ......
m
a. Payee or to the holder
b. Payee or his order
co
c. Payee only
s.
Ans - c
...................................................
am
A minor presents a cheque at the counter for payment but due to insufficient funds the bank refuses to
make payment. Minor insists on a written returning memo. In this case:
x
a. Bank is bound to give cheque return memo.
ne
b. Bank need not do so
c. Bank can do at its discretion
io
Ans - a
ot
...................................................
m
The project cost under National Urban Livelihood Mission (NULM), in case of individual borrowers is
restricted to ......
ro
a. Rs.50000
b. Rs.1 lac
kp
c. Rs.2 lac
d. Rs.5 lac
an
Ans - c
...................................................
.b
Under National Urban Livelihood Mission (NULM), which of the following statement is correct regarding
repayment period and moratorium period:
w
a. repayment period 3 to 7 years and moratorium as per bank discretion

w
b. repayment period 3 to 7 years and moratorium 6 to 18 months

w
c. repayment period 5 to 7 years and moratorium 6 to 18 months

d. repayment period 5 to 7 years and moratorium as per bank discretion
Ans - c
...................................................
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On payment of brokerage, TDS is to be deducted when the amount of total payment in a financial year
......
a. is Rs.5000 or more
m
b. is more than Rs.5000
c. is Rs.2500 or more
co
d. is more than Rs.2500
Ans - b
s.
...................................................
am
Corporate Bank released a loan of Rs.35 lac. to a partnership firm for purchase of fixed assets and for
meeting working capital limits. The loan documents were signed by three partners at three different
places on January 12, 2013, January 26, 2013 and January 25, 2013. Which among these will be the
starting point for the purpose of validity of the documents for limitation purpose:
x
ne
a. documents are not valid as these have been executed at different places
b. documents are not valid as these have been executed on different dates
c. limitation begins from January 12, 2013
io
d. limitation begins from January 27, 2013
ot
Ans - d
...................................................
m
Which of the following is correct statement regarding collateral security for education loans up to Rs.4
ro
lac?
a. collateral security cannot be taken mandatorily

kp
b. collateral security can be exempted at the discretion of the bank concerned

c. collateral security can be obtained if the parents are not becoming coborrowers
d. collateral security can be taken, if the education is abroad
an
Ans - a
.b
...................................................
A Karta of HUF has an implied authority to ......

w
a. Delegate his authority

w
b. To raise loan & pledge securities

w
c. To raise loan and create charge on family property for family business
Ans - c
...................................................
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Any action of Karta makes the other co-parceners liable ......
a. to the extent of their share in the joint property

b. 50% if there are three persons
m
c. 75% if there are four persons
d. no ceiling
co
Ans - a
...................................................
s.
A trust is formed for the benefit of ......
am
a. A person
b. A group of persons
c. The family members
x
d. Any of the above
Ans - d
................................................... ne
io
The bank requires to open an account in the name of a Trust: as per the ......
ot
a. Gift deed
m
b. Probate
c. Trust deed
ro
Ans - c
kp
...................................................
If a sole rural branch is to be shifted by a bank within the same block, the permission of which of the
an
following is required ......

.b
a. Distt Administration
b. Distt. Consultative committee
c. State Level Bankers’ Committee
w
d. State govt. concerned

w
Ans - b
w
...................................................
A fraud of Rs.20.60 cr has taken place with the connivance of staff of the bank. It will be reported to ......
a. State police
…………………………………………………………………………………………………………………………………………………………………
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b. RBI within 3 weeks by way of a DO letter

c. Anti-corruption Bureau of CBI
d. Economic Offences Wing of State Police
m
Ans - c
...................................................
co
The maximum loan that can be granted against shares to an individual is restricted to ......
s.
a. Rs.10 lac for demat shares and Rs.20 lac for physical shares
b. Rs.10 lac for demat shares and Rs.10lac for physical shares
am
c. Rs.20 lac for demat shares and Rs.10 lac for physical shares
d. Rs.20 lac for demat shares and Rs.20 lac for physical shares
Ans - c
x
...................................................
ne
Which of the following approach is not related to operational risk ......
io
a. Basic. indicator approach
b. Standard Approach
ot
c. Internal Rating Based Approach
d. Advance Measurement Approach
m
Ans - c
ro
...................................................
Which ratio out of the following is not appropriately matched?

kp
a. quick ratio – immediate liquidity

b. debt equity ratio – extent of loans within the total liabilities
an
c. current ratio – liquidity position

d. debt service coverage ratio – fixation of TL instalment
.b
Ans - b
...................................................
w
A bill of lading is presented by M/s Bangalore Exports Limited to their bank, Universal Bank, for
w
negotiation along with other necessary documents. The bill bears remarks regarding some defect in the
w
packing of the goods. Which of the following kinds of bill of lading it would be called
a. clean bill of lading

b. invalid bill of lading
c. straight bill of lading
…………………………………………………………………………………………………………………………………………………………………
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d. claused bill of lading
Ans - d
...................................................
m
What time period is available with the customer to make appeal to the appellate authority against the
co
Award of the Ombudsman?
a. within 30 days of date of the award
s.
b. within 45 days of date of the award
c. within 30 days of date of receipt of the award
am
d. within 60 days from date of award
Ans – c
...................................................
x
ne
Loans for Commercial Real Estate include ......
a. Plantations
io
b. Housing
c. Special Economic Zones
ot
d. Construction of Malls
m
Ans - d
...................................................
ro
What is the time limit to furnish the requested information under Right to Information Act (RTI) and
what is the penalty for non-compliance of the said norm?
kp
a. 30 days & Rs. 100 per day

b. 60 days & Rs. 100 per day
an
c. 30 days & Rs. 250 per day maximum of Rs. 25000/-

d. 60 days & Rs. 250 per day
.b
Ans - c
...................................................
w
Received request from your borrower for a loan of Rs. 300 lakhs for purchase of equipment @ 12%
w
interest repayable in 60 months. The estimated Net Profit and depreciation is Rs. 100 and Rs. 20 lakhs
w
respectively. What is the DSCR?
a. 1.20
b. 1.30
c. 1.50
…………………………………………………………………………………………………………………………………………………………………
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d. 1.62
Ans - c
...................................................
m
As per recent guidelines, 40% of the total advances to micro and small enterprises sector should go to
co
micro (manufacturing) enterprises having investment in plant and machinery up to...... Lakh and micro
(service) enterprises having investment in equipment up to...... Lakh.
s.
a. Rs. 10 & Rs. 4
b. Rs. 5 & Rs. 2
am
c. Rs. 10 & Rs. 5
d. Rs. 2 & Rs. 5
Ans - a
x
...................................................
ne
For which of the following category of loans the risk weightage for Capital Adequacy ratio purpose is
125%:
io
a. exposure to capital market
ot
b. exposure to real estate
c. loans to strategically important nondeposit taking NBFCs
m
d. exposure to NPA account in housing finance loans

ro
Ans - a
...................................................
kp
Advance of Rs.35 lac allowed to a minor irrigation equipment dealer by a bank would be classified as ......
a. agriculture advance
an
b. direct agricultural advance

c. indirect agricultural advance
.b
d. non-priority sector advance
Ans - c
w
...................................................
w
The balance sheet of a firm has total current assets of Rs.20 lac. and current assets other than stocks
w
Rs.8 lac. If the sales are Rs.120 lac, what is the stock turnover ratio?
a. 15 times
b. 13 times
c. 12 times
…………………………………………………………………………………………………………………………………………………………………
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d. 10 times
Ans - d
...................................................
m
A bill of exchange drawn by X on Y bears across its face two parallel transverse lines. Therefore ......
co
a. The bill is crossed generally
b. The bill is specially crossed
s.
c. The bill contains superfluous extraneous addition.
d. The bill can not be endorsed further.
am
Ans - c
...................................................
x
The rate of interest on PPF account is ......
a. 9%
b. 8.6 % ne
io
c. 8.7%
d. 12%
ot
Ans - c
m
...................................................
ro
The amount of withdrawal will be limited to ...... % of the balance to the credit at the end of the 4th
year immediately preceding the year in which the amount of withdrawal is to be made or at the end of
the preceding year whichever is lower.
kp
a. 10%
b. 50%
an
c. 70%
d. 100%
.b
Ans - b
...................................................
w
While accepting a stop payment instruction from a customer, the bank give acknowledgement with a
w
condition that it will not be held responsible in case the payment of stopped cheque is made through
w
oversight. In this case whether bank is responsible if cheque is paid by mistake:
a. The bank will not be responsible as the acknowledgement was conditional.

b. The Bank will be responsible, as the RBI has restrained conditional acknowledgment.
…………………………………………………………………………………………………………………………………………………………………
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c. The bank will be responsible because the cheque after stop payment instruction is no more than a
plain paper and it is also not a mandate from drawer
d. B & C
m
Ans - b
...................................................
co
A cheque is presented for payment through clearing and the bank passed the cheque in customer’s
account. Meanwhile the bank receives the notice of stop payment of the cheque. The returning time of
s.
the cheque in clearing has not lapsed:
am
a. The bank should inform the drawer that the cheque was passed before receipt of stop payment notice
b. The bank should comply with the stop payment notice
c. The bank should overlook the stop payment notice
x
ne
Ans - b
...................................................
io
Which of the following statement is correct regarding subsidy under National Urban Livelihood Mission
(NULM): (1) subsidy is 25% of project cost max Rs.50000; (2) For interest subsidy rate of interest from
ot
borrowers 7%; (3) maximum extent of interest subsidy is 2%; (4) interest subsidy is equal to difference of
rate of interest charged by bank and 7%.
m
a. 1, 2 and 3
ro
b. 1, 2 and 4
c. 2 and 3
d. 2 and 4
kp
Ans - d
...................................................
an
A firm has total liabilities of Rs.20 lac. as per its balance sheet in the first year. There is no change in the
.b
amount of current liabilities in the 2nd year but the long term liabilities have increased from Rs.8 lac. in
the 1st year to Rs.12 lac. in the 2nd year and the debt equity ratio continues to be at 2:1. If the total of
balance sheet has increased to Rs.32 lac, in the 2nd year, what is the change in the amount of tangible
w
net worth ?
w
a. Rs. 4 lac. decrease

w
b. Rs. 4 lac. increase

c. Rs. 2 lac. increase
d. Rs. 2 lac. decrease
Ans - c
…………………………………………………………………………………………………………………………………………………………………
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a. Dy. Governor RBI
m
c. CEO of the bank
co
Ans - d
s.
...................................................
am
TDS is deductible on which of the following account ......
a. all types of term deposit accounts including recurring deposit

b. all saving bank accounts
x
c. all NRO accounts including saving bank,where interest is paid
ne
Ans - c
io
...................................................
ot
The bank received garnishee order on saving bank account of Mr. Ram at 10.50 a.m., who deposits Rs.
5000 at 12.10 p.m. ......
m
a. The order would apply to this amount also.

ro
b. The bank will refuse to accept the deposit as no amount can be accepted after garnishee order
c. The order will not apply to this amount
d. order will apply if court is informed about this
kp
Ans - c
...................................................
an
.b
substantial interest:
a Section 19 (2) of RBI Act

w

w
d Section 20 (1) of Banking Regulation Act

w
Ans - d
...................................................
…………………………………………………………………………………………………………………………………………………………………
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The sponsoring agency for bank loan cases, in case of National Urban Livelihood Mission (NRLM), is:
a. Khadi and Village Industries Commission

b. District Industry Centre
m
c. Urban Local Body
d. State Urban Livelihood Mission
co
Ans - c
...................................................
s.
am
is ......
a. Rs.20 lac
b. Rs.3 lac
x
c. Rs.5 lac
ne
d. Rs.10 lac
Ans - d
io
...................................................
ot
m

ro

kp
Ans - d
...................................................
an
As per Section 20-A of Banking Regulation Act, the loans in the name of bank directors can be remitted
.b
(written off) with permission of which of the following:
a. Management Committee within the bank

w
b. Board of Directors of the bank

w
d. cannot be written off

w
Ans - c
...................................................
…………………………………………………………………………………………………………………………………………………………………
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Which of the following activity cannot be undertaken by Business Correspondents?
a. disbursement of small value loans

b. collection of small value deposit
m
c. collection of transaction fee from customers
d. recovery of principal and interest
co
Ans - c
...................................................
s.
A business firm has been sanctioned working capital limits of Rs.6 lac. at 25% margin by the bank and
am
book debt limit of Rs.4 lac. at 50% margin. What will be total margin requirement to avail the limit fully:
a. 4 lac
b. 5 lac
x
c. 6 lac
ne
d. 6.5 lac
Ans - c
io
...................................................
ot
CGTMSE amount of guarantee cover for a balance of Rs. 80 lakhs in case of an eligible normal borrower
in other than NE states, will be ......
m
a. Rs.55 lac
ro
b. Rs.50.00 lac
c. Rs.37.50 lac
c. Rs.35 lac
kp
Ans - b
...................................................
an
An employee of Commercial Bank committed an act which is deemed to amount to a misconduct. Under
.b
which of the following, the domestic. enquiry relating to the alleged misconduct is to be conducted:
a Industrial Disputes Act

w
b. Bipartite Settlement entered in to between the workmen unions and bank management
c. Workmen Service Rules in force with the banks
w
d. Code of Civil Procedures

w
Ans - a
...................................................
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Which of the following narration to the LORO account matches ......
a. our account with you

b. your account with us
m
c. their account with them
d their account with us
co
Ans - c
...................................................
s.
What is the maximum extent of exposure of banks in unsecured advances as per RBI directives:
am
a. 10% of the total advances
b. 15% of the net bank credit
c. 20% of the non-food credit
x
d. discretion of the banks
Ans - d
................................................... ne
io
Reply is required to be given under Right to information Act in maximum within ...... days
ot
a. 10 days
m
b. 15 days
c. 20 days
ro
d. 30 days
Ans - d
kp
...................................................
A farmer who has not raised crop loan from the bank, wants loan against agricultural produce stored in
an
a warehouse, before its marketing. What is the maximum amount of loan that banks can allow:
.b
a Rs.5 lac
b. Rs.10 lac
c. Rs.15 lac
w
d. Rs.50 lac
w
Ans - d
w
...................................................
What is the margin % for advances against shares in demat format?
a. 25% for all

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b. 40% for all

c. 50% for companies
d. 40% for individuals
m
Ans - a
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co
What is true regarding the ownership and possession of security in respect of pledge, hypothecation and
mortgage.
s.
a. in all these cases, the possession is with bank and ownership with borrower
am
b. the ownership is with owner in all cases, but possession is with bank for pledge and with borrower for
others
c. the ownership is with owner in all cases, but possession is with bank for pledge and hypothecation
and with borrower for mortgage
x
d. the ownership is with owner in all cases, but possession is with bank for pledge and mortgage and
ne
with borrower for hypothecation
Ans - b
io
...................................................
ot
In the balance sheet of a company, the income accrued and not received is shown as ......
m
a. current liability
b. net worth
ro
c. current asset
d. non-current asset
kp
Ans - c
...................................................
an
Which of the following is not included in the cost of plant and machinery for the purpose of original
investment, in micro & small enterprises as per Micro Small & Medium Enterprises Development Act
.b
2006:
a. Cost of equipment
w
b. Cost of machinery
c. cost of land & building
w
d. amount of taxes paid on original cost

w
Ans - c
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If fixed/term deposit accounts are opened with operating instructions, Either or Survivor and the
payment is to be obtained before maturity, the signatures of which of the following are required:
a. both the account holders
m
b. first account holder
c. 2nd account holder
co
d. only surviving account holder
Ans - a
s.
...................................................
am
The advance allowed to a party for manufacturing or processing the goods for export there of is called
......
a. cash credit advance
x
b. overdraft advance
ne
c. pre-shipment advance
d. post shipment advance
io
Ans - c
...................................................
ot
The balance sheet of a firm has total current assets of Rs.20 lac. and current assets other than stocks
m
Rs.8 lac. If the sales are Rs.120 lac, what is the stock turnover ratio?
ro
a. 15 times
b. 13 times
c. 12 times
kp
d. 10 times
Ans – d
an
...................................................
.b
An exporter of your branch receives letter of credit for export of hand-tools to UK but there is no
mention of partial shipment in the credit. In order to conveniently despatch the goods, the exporter
wishes that he could partially ship and also trans-ship the exported material:
w
a. only trans-shipment is allowed where the credit is silent

w
b. only partial shipment is permitted where the credit is silent

w
c. where both of these are not mentioned these are not permitted
d. if the credit is silent, both the partial as well as trans-shipment are allowed
Ans - d
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Earnings per share is ......
a. Income attributable to ordinary shareholders/Average ordinary share

b. Gross profit/net worth
m
c. Net profit/capital
d. Profit after Tax / number of shares
co
Ans - d
...................................................
s.
A firm has total liabilities of Rs.20 lac. as per its balance sheet in the first year. There is no change in the
am
amount of current liabilities in the 2nd year but the long term liabilities have increased from Rs.8 lac. in
the 1st year to Rs.12 lac. in the 2nd year and the debt equity ratio continues to be at 2:1. If the total of
balance sheet has increased to Rs.32 lac, in the 2nd year, what is the change in the amount of tangible
net worth ?
x
ne
a. Rs. 4 lac decrease
b. Rs. 4 lac increase
c. Rs.2 lac increase
io
d. Rs. 2 lac decrease
ot
Ans - c
...................................................
m
There are four transactions of Rs.5,00,000 Rs.3,00,000 Rs.10,00,000 and Rs.40,000 in an account in
ro
different months. Which of these will be reported under Money Laundering Act ......
a. 300000
kp
b. 500000
c. 1000000
an
Ans - d
.b
...................................................
Which of the following statement is a correct statement about joint deposit accounts?
w
a. the names can be substituted with the name of other persons

w
b. there can be maximum 2 nominees

w
c. in case of either or survivor account, if one expires and pre-mature payment is to be obtained, it will
be made to survivor and legal heirs of the deceased account holder
d. all the statements are wrong
Ans – c
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An income tax attachment order for Rs.125,000/= is received in the name of Mr. X who is having a joint
account with his wife Mrs. W. The balance in the joint account is Rs.2,00,000/=.
a. attachment in a joint account is not permitted
m
b. attachment is allowed for an amount up to Rs.1.25 lac
c. attachment is allowed for an amount up to Rs.1 lac. only
co
d. attachment up to full amount is permitted in attachment order
Ans - c
s.
...................................................
am
A cheque has been issued by a firm in favour of bank and is crossed account payee. This is presented by
the bank on the counter of drawee bank for cash payment:
a. the payment can be made through clearing only
x
b. The drawee bank should make payment
ne
c. The drawee bank should refuse payment
d. cheque has not been drawn properly as the bank can be drawee only and not a payee
io
Ans - b
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ot
Price earnings ratio is ......

m
a. Market price per share/earnings per share

ro
b. Issue price per share/profit

c. Dividend per share/market price per share
d. Market price per share/dividend per share
kp
Ans – a
...................................................
an
On expiry of a bank guarantee issued by a bank, guarantee bond is obtained back and a contra entry is
.b
passed. This benefits the bank in which way:
a. bank can recognize the commission received as income

w
b. capital adequacy requirement of the bank is reduced

c. contingent liability gets converted into a normal liability
w
d. money of the guarantee need not be recovered from the beneficiary

w
Ans - b
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For transfer of funds through NEFT (National Electronic Fund Transfer), the minimum and maximum
amounts that can be transferred are ......
a. Rs. 1,000 and maximum Rs. 5 lacs
m
b. Rs. 1,000 and maximum no limit
c. Rs. 5,000 and maximum Rs. 1 lacs
co
d. No minimum & maximum amount
Ans - d
s.
...................................................
am
One Rupee currency note bears the signature of ......
a. President of India
b. Governor RBI
x
c. Finance Minister of India
ne
d. Finance Secretary of India
Ans - d
io
...................................................
ot
As per the recent “Insolvency and Bankruptcy code” act, the time frame fixed for insolvency resolution is
180 days, however it may be extended to ...... days by the Adjudicating Authority in exceptional cases.
m
a. 210 days
ro
b. 240 days
c. 270 days
d. 300 days
kp
Ans - c
...................................................
an
Crossed cheque, presented over the counter through the authorized agent of collecting banker for his
.b
valued customer for cash payment. Will you pay?
a. Bank can pay

w
b. Payment can’t be made since it is a crossed cheque

c. Payment can be made on cancellation of crossing duly signed by the drawer
w
d. None
w
Ans - a
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Proprietor of a firm executed Power of Attorney to B. Cheque signed by Power of Attorney Holder is
presented for payment after the death of the proprietor. Will you pay?
a. Yes
m
b. No
c. Will be paid with the consent of legal heirs of the deceased
co
d. None
Ans - b
s.
...................................................
am
Banks are required to transfer “Unclaimed Deposits” every year to ......
a. Govt. of India
b. RBI
x
c. Special Reserve Fun
ne
d. Depositor Education and Awareness Fund
Ans - d
io
...................................................
ot
Under Financial Inclusion Plan of the bank, the agents appointed by the bank to collect money and make
payments to the depositors are called as ......
m
a. Branch Managers
ro
b. Business Correspondents
c. Business Facilitators
d. b & c
kp
Ans - b
...................................................
an
Universal Bank is maintaining a current account of M/s Sunaina Enterprises Ltd for the last 3 years. The
.b
bank receives a request from the company for return of all the cheques issued by them and paid by the
bank from their account during the last 6 months. What action the bank would take?
w
a. Bank may return the instruments if the company is a very reputed client so as the maintain
relationship.
w
b. Bank may return the instruments as it is provided under the provisions of Banking Regulation Act
w
c. Bank should refuse the request since the passed cheques are the property of the bank and bank may
need these instruments for various purposes.
d. Bank may advise them to obtain photo copy of the instruments.
Ans - b
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Banks to maintain SLR as per ......
a. Section 24 of BR Act
b. Section 42 of BR Act
m
c. Section 42(1) of RBI Act
d. Section 24 of RBI Act
co
Ans - a
...................................................
s.
Competent authority to write-off loans given to Directors is ......
am
a. Board
b. Management Committee
c. Chairman & Managing Director
x
d. Reserve Bank of India
Ans - d
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io
Under which of the following, the clearing is organised locally wherein settlement of outstation cheques
ot
takes place ......
m
a. speed clearing
b. high value clearing
ro
c. electronic clearing service

d. national clearing
kp
Ans - a
...................................................
an
Two charges were registered over the property of a company with ROC. One was created on 01.02.2012
and registered on 28.02.2012. The other was created on 07.02.2012 and was registered on 15.02.2012
.b
......
a. charge created on 01.02.12 will have priority

w
b. charge created on 07.02.12 will have priority

c. charge registered on 15.02.12 will have priority
w
d. both the charges will have equal priority

w
Ans - a
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A requested for stop payment of a cheque in favour of B. On the same date a cheque in clearing is
presented for payment which bears the same name, amount and number of the cheque, the payment of
which is stopped, but the date differs:
m
a. The bank should not pay because the date of cheque may wrongly be mentioned but all other
material facts of the cheque tally with the notice of stop payment.
co
b. The bank should refer the matter to the drawer
c. The Bank should pay the cheque
s.
Ans - a
am
...................................................
Under CTS-2010 Standards for cheques, which is not the specified feature ......
x
a. Void mark
ne
b. Floral
c. Bank’ s Logo
d. Paper thickness
io
Ans - b
ot
...................................................
m
W.e.f. 1.4.2011, the processing/service charges for local clearing (by clearing house from member
banks) for clearing at cheque truncation, for presenting bank and drawee bank are as under:
ro
a. 100 p and 75 p
b. 75 p and 75 p
kp
c. 50 p and 100 p
d. 75 p and 50 p
an
Ans - c
...................................................
.b
Harish and Mahinder are joint trustees and Harish is authorised to operate the account. He issues a
cheque but Mahinder gives a stop payment notice. The bank in the case:
w
a. Should not obey Mahinder as he is not having the powers to operate

w
b. Obey instructions of Mahinder as he is one of the trustees

w
c. Should ask Harish. As to why the payment not be stopped.

d. seek court direction because of the dispute
Ans - a
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State Bank opens a current account with Bank of America in Los Angles for its day to day business
transactions, in US dollars. Which of the following kinds of accounts, it will be known?
a. Vostro Account
m
b. Nostro Account
c. Loro Account
co
d. Escrow Account
Ans - b
s.
...................................................
am
A bearer cheque payable in favour of a liquidated company is presented for payment by the liquidator
......
a. The bank can make payment
x
b. The bank can pay after identification
ne
c. The Bank can not make the payment to liquidator because he has to keep the money in a banking
account.
io
Ans - b
ot
...................................................
m
A payee of a cheque requests for stop payment of a particular cheque because he has lost it:
ro
a. The bank will comply with the request.

b. The bank will exercise the caution and seek the confirmation from the drawer. In the mean time if the
cheque is presented for payment it should be returned with the remarks cheque reported lost,
kp
confirmation is awaited.
c. The bank will ignore the request.
an
Ans - b
.b
...................................................
Liability of the guarantor in a contract of guarantee is ......

w
a. unlimited
w
b. Irrespective of the liability of the principal debtor

w
c. Co extensive with that of the principal debtor

Ans - c
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Normally the bank limitation clause is incorporated in the guarantee issued by banks but exception is
......
a. Import Guarantees
m
b. Deferred Payment guarantees
c. Export performance Guarantee under duty exemption scheme
co
d. All of the above
Ans - b
s.
...................................................
am
The person on whose behalf the guarantee is issued is called ......
a. Creditor
b. Beneficiary
x
c. Guarantor
ne
Ans - d
io
...................................................
ot
In contract of guarantee consideration means anything done or any promise made for the benefit of the
principal debtor may be sufficient consideration to the surety for giving the guarantee. The word
m
anything done imply that consideration may be a past consideration also

ro
a. Yes
b. no
c. can not say
kp
Ans - a
an
...................................................
.b
In order to get an allotment of a contract from R & B your customer is required to deposit security
deposit worth Rs.1.00 lakh or alternatively a bank guarantee for Rs.1.00 lakh in lieu of deposit. What
type of bank guarantee will you issue?
w
a. Performance Guarantee
w
b. Financial Guarantee
w
c. Deferred Payment Guarantee

d. Any type of guarantee can be issued
Ans - a
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In guarantees the commission is to be recovered for the period covering ......
a. Period of guarantee only

b. Period of guarantee and period of claim
m
c. 3 years
co
Ans - b
...................................................
s.
Return on assets is ......
am
a. PBDIT / average total liabilities
b. PBDIT / average total assets
c. Average total assets/net income after tax
x
Ans - b
................................................... ne
io
Net profit margin is ......
ot
a. Net income after tax/sales X 100

m
b. Gross income after tax/sales

c. Net income before tax/sales X 100
ro
Ans - a
kp
...................................................
A cheque in clearing is presented for payment, but the amount in words and figures differ ......
an
a. A Bank should pay the amount whichever is less.

.b
b. Bank should return the cheque

c. Bank should pay the amount in figures
d. Bank should pay the amount in words.
w
Ans - d
w
...................................................
w
Bank receives two cheques in clearing and balance is sufficient to pay only one cheque ......
a. Important cheque (covering payment of essential / govt. dues) should be paid.

b. Payment should be on first come first served basis
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c. Both the cheques should be returned

Ans - a
m
...................................................
co
Payment of forged instrument is not a valid discharge for the bank of its liability because ......
a. the instrument is not a proper mandate
s.
b. forgery should be detected by the bank in any case
c. bank has signatures of the customer and he can not deny his liability.
am
Ans - a
...................................................
x
ne
Holders of post-dated cheques can sue the drawer ......
a. after the stated date, if remain unpaid.

io
b. On date of their issue
c. Any time after their issue
ot
m
Ans - a
...................................................
ro
Particulars for satisfaction of charges is filed [in case of company] AS PER CO ACT 2013
kp
a. CHG1
b. CHG3
c. CHG4
an
d. CHG 8
.b
Ans - c
...................................................
w
Section 6 of N.I act deals with ......

w
a. cheques
w
b. truncated cheques
c. electronic form of cheque
d. all the above
Ans - d
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A, a customer has an account and her husband had withdrawn the money from the bank on the basis of
forged cheques at various occasions but the customer did not object to it. After his death she comes to
bank and demands the money.
m
a. Bank would refer the matter to the court.
b. Bank is liable on forged cheques.
co
c. The bank is not liable as the customer is negligent/connived and did not inform the bank.
s.
Ans - c
...................................................
am
What is the maximum amount of stamp duty payable on a Demand promissory note?
a. 10paise
x
b. 15 paise
ne
c. 50 paise
d. one rupee
io
Ans - b
...................................................
ot
Which of the following instrument is known as plastic money?

m
a. Travellers cheque
ro
b. credit cards
c. bearer cheques
d. demand draft
kp
Ans - b
...................................................
an
RBI decided to reduce the eligible limit of export credit refinance facility from the level of 32% of the
.b
outstanding rupee export credit eligible for refinance as at the end of the second preceding fortnight to
_____ effective from October 10, 2014.
w
a. 25%
b. 20%
w
c. 15%
w
d. 10%
Ans - d
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In line with the recommendation of the Financial Stability and Development Council, the State-Level
Coordination Committees, chaired by State chief secretaries, will meet once in a ____:
a. month
m
b. quarter
c. half-year
co
d. year
Ans - b
s.
...................................................
am
Which of the following is proposed to be created by RBI, as a searchable database for frauds, for use by
banks?
a. Central Fraud Registry
x
b. Fraud Database
ne
c. Central Fraud Warehouse
d. Fraud Registry
io
Ans - a
...................................................
ot
As per RBI guidelines, the banks should impose ‘partial freezing’ on KYc. noncompliant accounts in a
m
phased manner. Partial freezing during the first 6 months period, includes:
ro
a. transactions at the discretion of the bank

b. only credits to be permitted
c. only debits to be permitted
kp
d. no debit and no credit to be permitted.
Ans - b
an
...................................................
.b
What is meant by the term ‘under financing’ ?
a. finance for poor quality assets

w
b. finance for lesser quantity of assets

c. less finance than required by the project activity
w
d. less fixed assets

w
Ans - c
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Joint Liability Forum (JLF) is required to arrive at an agreement on the option to be adopted for
corrective action plan (CAP) within _____ days from (i) the date of an account being reported as Special
mention Account-2 (SMA-2) by one or more lender, or (ii) receipt of request from the borrower to form
a JLF, with substantiated grounds, if it senses imminent stress.
m
a. 15 days
co
b. 30 days
c. 45 days
d. 60 days
s.
Ans - c
am
...................................................
Pre-sanction appraisal of loan proposals refers to ......
x
a. verification of securities proposed to be given
ne
b. obtention of market report on the borrower
c. examination of the project with a view to ascertain whether it is bankable
d. all the above
io
Ans - d
ot
...................................................
m
Banks are required to report credit information, including classification of an account as special mention
account (SMA) to Central Repository of Information on Large Credit (CRILC) on all their borrowers having
ro
aggregate fund-based and non-fund based exposure of Rs.50 million and above with them. Which of the
following types of loans are exempted from this requirement:
kp
a. MSE Loans
b. Priority Sector Loans
c. Crop Loans
an
d. all the above

.b
Ans - c
...................................................
w
Depreciation arises because of ......

w
a. fall in the market value of an asset

w
b. physical wear and tear

c. fall in value of money
Ans - b
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Under the straight line method of charging depreciation, amount ......
a. increases every year

b. decreases every year
m
c. is constant every year
co
Ans - c
...................................................
s.
Under the diminishing balance method, depreciation is calculated on ......
am
a. the original cost
b. written down value
c. the scrap value
x
Ans - d
................................................... ne
io
Which of the following is not a feature of bill of exchange?
ot
a. it is an order in writing
m
b. the person who draws it is called drawee

c. the persons who obtains payment is called payee
ro
d. the bill can be drawn as demand bill or usance bill
Ans - b
kp
...................................................
The range of amount of investment in ...... for classifying an enterprise in medium enterprise category, is
an
......
.b
a. plant and machinery, above Rs.5 cr to Rs.10 cr

b. plant and machinery, Rs.5 cr to Rs.10 cr
c. Equipment, above Rs.5 cr to Rs.10 cr
w
d. Equipment, Rs.2 cr to Rs.5 cr

w
Ans - a
w
...................................................
A non-resident ordinary account can be opened as:
a. FD only
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b. FD or saving bank only

c. FD, SB or current account, any
d. SB and current account at discretion of the bank
m
Ans - c
...................................................
co
The main objective of opening basic. saving bank accounts is ......
s.
a. to increase no. of accounts within the banks
b. to increase the amount of deposit
am
c. to enhance the financial inclusion
d. all the given objectives are correct.
Ans - c
x
...................................................
ne
A fraud of Rs.2.5 cr has taken place and there is no staff involvement. Other than RBI, it will be reported
to ......
io
a. Banking Security and Fraud Cell of CBI
ot
b. Anti-corruption Bureau of CBI
c. State Police
m
d. Economic. Offences Wing of CBI

ro
Ans - c
...................................................
kp
In a pre-shipment credit, what is the maximum period during which export must take place, to avail the
concessional rate of interest ......
an
a. 21 days
b. 6 months
.b
c. 270 days
d. 360 days
w
Ans - d
...................................................
w
w
As per extant MSE policy, the annual growth rate in micro enterprise loan accounts should be ......
a. 5%
b. 10%
c. 15%
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d. 20%
Ans - b
...................................................
m
If a fixed deposit matures and proceeds are unpaid, the amount left unclaimed with the bank will attract
co
......
a. no interest as the amount is in the form of current account
s.
b. interest rate for corresponding maturity
c. saving bank interest rate
am
d. interest rate corresponding to min maturity of 7 days.
Ans - c
...................................................
x
ne
If the time period of payment of a bill of exchange or promissory note is not indicated, such instruments
shall be treated as ......
io
a. payable on demand
b. payable as per mutual arrangement within the parties
ot
c. invalid bill of exchange or promissory note
m
Ans - a
ro
...................................................
As per RBI guidelines, the banks should impose ‘partial freezing’ on KYc. noncompliant accounts in a
kp
phased manner. Partial freezing is to be enforced when the customer does not comply with KYc.
requirement, even after ___ from issue of notices by the bank, to comply with the requirement:
an
a. 1 months
b. 2 months
.b
c. 3 months
d. 6 months
w
Ans - d
...................................................
w
w
Which of the following features of a not negotiable instrument is not correct?
a. holder of such instrument gets the title which the transferor had
b. in such instruments there is no holder in due course
c. such instrument cannot be transferred further by way of endorsement
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d. banks have to make payment of such instrument, by taking normal precautions only
Ans - c
...................................................
m
Bank guarantee is required to be signed by two officials, where the amount of guarantee is ......
co
a. Rs.10000 and above
b. Rs.50000 and above
s.
c. Rs.1 lac. and above
d. Rs.10 lac. and above
am
Ans - b
...................................................
x
Which of the following RBI guidelines on nomination, are not correct?
ne
a. name of nominee cannot be indicated on pass-book as that amounts to violation of secrecy rules
b. on request of customer, the name of nominee can be indicated on pass-book or FDR
io
c. pass-book should be marked as nomination registered
d. none of the given options is incorrect
ot
Ans - a
m
...................................................
ro
Where the principal and interest amount of fixed deposit receipt is Rs.20000 or above, it can be paid to
the customer ......
kp
a. by way of credit to some account or issue of account payee cheque, as per RBI guidelines
b. by way of credit to some account or issue of account payee cheque, as per Income Tax Rules
c. by way of credit to some account or issue of account payee cheque, as per KYc. guidelines
an
d. by way of credit to some account or issue of account payee cheque, as per IBA suggestion
.b
Ans - b
...................................................
w
The term mixed farming stands for ......

w
a. mixing the crops produce after it is harvested

w
b. where fruit production and crop production takes place side by side
c. where the farmers join together to undertake cultivation and harvesting of crops
d. where rearing of cattle and production of crops is taken simultaneously
Ans – d
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XYZ Limited are sanctioned working capital limits by Bank-A, the lead bank, Bank-b. and Bank-C, the
participating banks. Accounts have been classified by Bank-A as sub-standard. What will be classification
of account with Bank-b. and Bank-C:
m
a. Banks to follow lead bank classification
b. Banks can use their own judgment on the basis of conduct of their accounts
co
c. Banks to decide the classification issue in the consortium meeting and adopt a uniform classification
s.
Ans - b
...................................................
am
If visually impaired persons approaches for certain banking facilities, which of the following can be
permitted to him (1) cheque book facility (2) ATM facility (3) Net bank facility (4) Locker facility
x
a. 1 to 4 any
ne
b. 1 to 3 only
c. 1 and 2 only
d. 1 and 4 only
io
Ans - a
ot
...................................................
m
What is the time period for meeting of the Committee on Implementation of Official Language?
ro
a fortnightly
b. monthly
c. quarterly
kp
d half-yearly
Ans - c
an
...................................................
.b
A public. sector bank must be member of at least ...... Credit Information Companies, as per RBI
guidelines
w
a. one
b. two
w
c. three
w
d. at discretion of the bank
Ans - a
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XYZ has got its raw material stock fully insured against fire, which it keeps in Godown- 1. A part of the
material is sent for processing in the adjoining Godown-2. Due to sudden fire, the stock in Godown-2 is
damaged. What is the extent of insurance claim admissible?
m
a. no claim is admissible
b. claim is admissible on prorata basis (i.e. in the ratio of stock in Godown-1 and Godown-2)
co
c. full claim is admissible as processing of stocks of raw material is a logical requirement.
D. no claim is available in respect of stock in process irrespective of its location.
s.
Ans – a
...................................................
am
Which of the following explanation is more appropriate for a Teaser Home Loan?
a. Teaser Home Loan is a home loan where interest rate is low initially and high later on.
x
b. Teaser Home Loan is a home loan where interest rate is high initially and low later on.
ne
c. Teaser Home Loan is a home loan without strict conditions.
d. Teaser Home Loan is a home loan with strict conditions.
io
Ans - a
...................................................
ot
While disposing of deceased claims succession certificate is to be insisted only when ......
m
a. there is no nomination
ro
b. the claim amount is more than RS 1 Lakh

c. If all the legal heirs do not join to indemnify the bank
d. the claim amount is more than Rs 10 lakhs
kp
Ans - c
...................................................
an
Every banking company incorporated in India has to transfer to reserve funds ...... of the profits for each
.b
year
a. not less than 20%

w
b. not less than 25%

c. not less than 1%
w
d. not less than 10%

w
Ans - a
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ATM personal identification is a ......
a. alpha numerical
b. 4 digit number
m
c. 3 digit number
d. 5 digit number
co
Ans - b
...................................................
s.
RBI is empowered to step up SLR to ......
am
a. 30%
b. 40%
c. 50%
x
d. 45%
Ans - b
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io
The limitation period for a Decree is ......
ot
a. 12 years
m
b. 3 years
c. no limit
ro
d. 90 days
Ans - a
kp
...................................................
A bill of exchange favouring A or order was endorsed by A on the reverse of the instrument as pay B or
an
order and signed below that. Before it could be delivered to B, A passed away. Thereafter the legal heirs
of A delivered the instrument to B. In this case...
.b
a. The negotiation is valid as both endorsement & delivery has taken place
b. It is invalid negotiation as the legal heir of A can not complete its negotiation by delivery.
w
c. The importance is endorsement and not delivery and hence it is valid.

w
w
Ans - b
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The limitation period in case of pledge is ......
a. 3 years
b. 12 years
m
c. 90 days
d. no limitation
co
Ans - d
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s.
Hypothecation is a mode of security provided in ......
am
a. Indian contract act 187
b. transfer of property act 1882
c. banking regulation act 1949
x
d. SARFAESI Act 2002
Ans - d
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io
Resident foreign currency account [domestic] can be opened in the form of ......
ot
a. current account
m
b. time deposit
c. savings account
ro
d. all the above
Ans - a
kp
...................................................
Which one of the following will be treated as material alteration?

an
a. Converting an endorsement in blank to an endorsement in full

.b
b. crossing of a open cheque by holder

c. conversion of a general crossing in to special crossing
d. conversion of “order in to “bearer”
w
Ans - d
w
...................................................
w
A cheque drawn in favour of x is crossed “not negotiable”. X endorses the cheque in favour of Y for
valuable consideration. Y becomes ...
a. A holder in due course

…………………………………………………………………………………………………………………………………………………………………
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b. only a holder
c. an assignee for the amount of cheque
d. the cheque can not be endorsed
m
Ans – b
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co
A bearer cheque with general crossing is paid across the counter to the bearer of the cheque. Later on it
was found that the cheque was stolen. In this case the banker is...
s.
a. Liable to the original owner of the cheque
am
b. liable to the true owner of the cheque
c. will not be liable since it is a bearer cheque
x
Ans - b
ne
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An endorser of a negotiable instrument may, by express words in the endorsement excludes his own
io
liability there on. Such an endorsement is
ot
a. Facultative endorsement
b. endorsement “sans recourse”
m
c. partial endorsement
d. restrictive endorsement
ro
Ans - b
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kp
A endorses a negotiable instrument in favour of B. Here ......

an
a. A is the endorser and B is the endorsee

b. B is the endorser and A is the endorsee
.b
c. both are endorsers

d. both are endorsees
w
Ans - a
...................................................
w
w
The paying banker is protected under following Section for payment of cheque with forged signature of
the drawer.
a. Sec 89 of N.I act

b. sec 85[a. of N.I act
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c. sec 131 of N.I act

d. no protection is available
Ans - d
m
...................................................
co
The definition of negotiable instruments is contained in ......
a. N.I act
s.
b. Indian contract act
c. Banking regulation act
am
Ans - d
...................................................
x
ne
P of Kanpur draws a bill on Q of London payable at Mumbai The bill is a ......
a. Inland bill
io
b. foreign bill
c. demand bill
ot
m
Ans - a
...................................................
ro
Truncated Cheque means ......

kp
a. Shared Clearing
b. Cheques presented will be processed by the depositing branch itself
c. Physical movement of instruments from branch to clearing house
an
d. Movement of electronic image instead of physical movement of instruments

.b
Ans - d
...................................................
w
The primary business of Asset Reconstruction Companies is to ......

w
a. Buy stressed assets from banks

w
b. Buy stressed assets from banks and sell it to others for profit
c. Buy the stressed assets from banks at discount and share the recoveries with the banks
d. Act as Recovery Agent for the Banks
Ans - c
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The recent changes in issuance of Commercial Paper (CP) are ...... (i) Dilution of credit rating norms for
the Issuers, (ii) Allowing the Issuers to buyback CPs before maturity, (iii) Relaxation in minimum amount
m
co
Ans - a
s.
...................................................
am
A bill dated 22-11-2011 is payable 1 month after date. The bill will mature on ......
a. 24-12-2011
b. 25-12-2011
x
c. 26-12-2011
ne
d. 22-12-2011
Ans - a
io
...................................................
ot
The offence as described u/s 138 become cognizable when ......
m
a. a complaint is made
b. time of such complaint is within one month.
ro
c. A and B
kp
Ans - c
...................................................
an
A cheque for Rs.124390.00 is drawn in favour of Dhiraj Kumar or bearer. It is presented by a cycle repair
shop worker, near your branch. What will you do:
.b
a. Pay the cheque without any enquiry

b. Refuse to pay the cheque since circumstances are such that the presenter may not be entitled for
w
receiving the amount Make enquiries and if satisfied pay or otherwise refuse
c. Insist for identification by the drawer
w
w
Ans - b
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Under Section 25 of NI Act, who declares a Public Holiday ......
a. State Govt
b. Central Govt
m
c. RBI
d. a or b
co
Ans - d
...................................................
s.
Where the Central Govt. declares a day as public holiday, the bank offices in a particular State will be
am
remain closed only when ......
a. State govt. notifies

b. RBI notifies the day as public holiday
x
c. No need for any further notification
ne
d. All the above
Ans - c
io
...................................................
ot
Which of the following statements is incorrect?
m
a. A bills of exchange is an instruments in writing

b. A bill of exchange may be drawn conditionally
ro
c. A bill of exchange directs a certain person to pay certain amount of money

d. A bill of exchange is payable to the order of a certain person or to the bearer of the instrument
kp
Ans - b
...................................................
an
A bill is payable at sight. It will be treated as ......

.b
a. Demand Bill
b. Usance bill
c. Accommodation bill
w

w
Ans - a
w
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An accommodation bill is drawn for ......
a. Mutual benefit without consideration

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b. Genuine trade transaction against consideration

c. Payable at sight
m
Ans - a
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co
What is the no. of monthly ATM transactions that banks can restrict for use by other bank customers, in
6 metro centers namely, Mumbai, Kolkata, Delhi, Chennai, Hyderabad, Bangalore:
s.
a. 3 financial transactions
am
b. 3 non-financial transactions
c. 3 financial and non-financial transactions
d. 5 financial transactions
x
Ans - c
ne
...................................................
What is the no. of monthly ATM transactions that banks can restrict for use by other bank customers, at
io
centres other than 6 metro centres namely, Mumbai, Kolkata, Delhi, Chennai, Hyderabad, Bangalore:
ot
m
c. 5 financial and non-financial transactions

ro
Ans - c
...................................................
kp
What is the no. of monthly ATM transactions that banks can restrict for simultaneous use by other bank
customers, in 6 metro centres and non metro centres:
an
.b
c. 3 and 5 financial and non-financial transactions respectively
w
Ans - c
w
...................................................
w
RBI decided to bring down the ceiling on SLR securities under the HTM category from 24% of NDTL to
_____ in a graduated manner as on Sep 19, 2015:
a. 23.5%
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b. 23%
c. 22.5%
d. 22%
m
Ans - d
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co
RBI decided to allow importers to book forward contracts, under the past performance route, up to
_____ of the eligible limit against previous limit of 50%.
s.
a. 25%
am
b. 60%
c. 75%
d. 100%
x
Ans - d
ne
...................................................
X and Y are associated with the following accounts jointly and they want to nominate their sons A and b.
io
in these accounts. In which of the following accounts, they can be allowed to do so:
ot
a. joint saving bank account
b. joint safe deposit vault account
m
c. joint safe deposit of articles account

d. in any of these accounts
ro
Ans - b
...................................................
kp
On receipts of counterfeit notes, the FIR is required to be filed with the Police on mandatory basis:
an
a. when the denomination of currency notes is Rs.500 or above

b. when the denomination of currency notes is Rs.1000 or above
.b
c. when the number of counterfeit notes is 5 or more in a single transaction

d. in all cases.
w
Ans - c
...................................................
w
w
What is the maximum maturity period in respect of treasury bill?
a. less than 91 days

b. 91 days
c. 182 days
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d. 364 days
Ans - d
...................................................
m
What is the time limit to return the dishonoured cheques to the customer, which are tendered for
co
collection?
a. same day
s.
b. 24 hours
c. two days
am
d. three days
Ans - b
...................................................
x
ne
Loan cannot be given the director of the same bank by a bank, in case of following type of security ......
a. govt. security
io
b. life insurance policy
c. bank deposit
ot
m
Ans - d
...................................................
ro
When a fraud takes place in a bank branch, it is considered as part of ...... risk
kp
a. credit risk
b. settlement risk
c. operational risk
an
d. systemic. risk
.b
Ans - c
...................................................
w
As a financial instrument, what is nature of commercial paper or certificate of deposit ......

w
a. it is a bill of exchange
w
b. it is a usance promissory note

c. it is a actionable claim
d. it is a bond certificate
Ans - b
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What is the maximum amount of crop loan that can be permitted to marginal farmer under Kissan
Credit Card Scheme?
a. Rs.25000
m
b. Rs.50000
c. Rs.1 lac
co
d. at discretion of bank
Ans - b
s.
...................................................
am
Single debit and multiple credit is a transaction, that takes place in the form of ......
a. RTGS
b. NEFT
x
c. ECS-credit
ne
d. Speed clearing
Ans - c
io
...................................................
ot
Short period overdraft given by RBI to Central Govt. to meet mismatches in receipts and payments, is
called ......
m
a. marginal standing facility

ro
b. liquidity adjustment facility

c. reverse repo transaction
d. ways and means advances
kp
Ans - d
...................................................
an
Which of the following type of guarantee is associated with obligation of the applicant to make payment
.b
in installment of a long term credit allowed by his supplier:
a. standby guarantee
w
b. deferred payment guarantee

c. financial guarantee
w
d. performance guarantee
w
Ans - b
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Deposit insurance is available for a deposit when the maximum amount is ......
a. Rs.50000
b. Rs.1 lac
m
c. Rs.5 lac
d. Any amount
co
Ans – d
...................................................
s.
The limitation period in case of a bill payable on demand starts from ......
am
a. Date of the bill
b. Date of demand
c. (a) or (b) whichever earlier
x
Ans - a
................................................... ne
io
When the due date of a bill falls on a public holiday, the bill is payable ......
ot
a. on next working day

m
b. On next preceding business day

c. 3 days after next working day
ro
Ans - b
kp
...................................................
A bill of lading issued by a shipping company, which bears no Super imposed clause or notation that
an
expressly declares the defective condition of goods or packaging, is called ......

.b
a. on board bill of lading

b. Claused bill of lading
c. clean bill of lading
w
d. stale bill of lading

w
Ans - c
w
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The amount of goodwill recorded in the balance sheet by a firm, is shown as part of ......
a. net worth of the firm

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b. fixed assets of the firm

c. contingent liability of the firm
d. intangible asset of the firm
m
Ans - d
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co
To arrive at capital adequacy ratio under Basel 2, which of the following type of risk is not taken into
account ......
s.
a. credit risk
am
b. systemic risk
c. market risk
d. operational risk
x
Ans - b
ne
...................................................
Under National Urban Livelihood Mission (NULM), loan for which of the following activities is available
io
(1) manufacturing (2) servicing (3) petty business
ot
a. 1 to 3 all
b. 1 and 2 only
m
c. 2 and 3 only
d. 1 and 3 only
ro
Ans - a
...................................................
kp
A usance bill dated Feb 03, 2012 payable 90 days after sight is accepted on Feb 13, 2012. What is due
date?
an
a. 6.05.2012
.b
b. 9.5.2012
c. 13.5.2012
d. 16.5.2012
w
Ans - d
w
...................................................
w
On presentation of usance bill of exchange, the drawee puts his signature on the face of the bill, without
writing the words `accepted for payment’.
a. it cannot be considered as acceptance, as intention is not clear

…………………………………………………………………………………………………………………………………………………………………
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b. it constitutes incomplete acceptance

c. acceptance is complete and drawee becomes liable on it
d. putting the works accepted alongwith signature is must
m
Ans - c
...................................................
co
A usance bill is payable 2 months after acceptance without any grace period’, is accepted on March 10,
2015. Its due date for payment will be:
s.
a. May 08, 2015
am
b. May 10, 2015
c. May 11, 2015
d. May 15, 2015
x
Ans - b
ne
...................................................
What will be due date for a bill dated 1.2.2015 payable 45 days after sight and the bill was accepted on
io
6.2.2016?
ot
a. 23.3.2016
b. 26.3.2016
m
c. 25.3.2016
ro
Ans - c
...................................................
kp
A bill of exchange is sent for acceptance but for three days, the drawee does not respond. The bill
should be treated as ......
an
a. Accepted
.b
b. Dishonored for acceptance

c. Dishonored for payment
d. To be presented again
w
Ans - b
w
...................................................
w
Noting is done on ......
a. The instrument itself

b. A separate paper
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c. Partly on (a) and (b)

Ans - c
m
...................................................
co
Noting and protesting is compulsory in case of ......
a. Foreign bill
s.
b. Inland bill
c. Both the above
am
Ans - a
...................................................
x
ne
A cheque drawn payable to A or B or order is presented across the counter for payment by B alone
a. The cheque is to be returned as it can not be drawn payable to A or B.

io
b. Payment can be made after properly identifying B
c. Payment should be refused unless B produces the death certificate of A
ot
d. Payment can be made with the consent of A only
m
Ans - b
...................................................
ro
A cheque for RS 10000/- has been presented in clearing and the cheque has been debited to the
respective account. You receive a stop payment instruction from the drawer before the returns are sent
kp
by the branch. In this situation You will
a. return the cheque after cancelling the debit entry

an
b. since account is already debited you can not accept stop payment instruction.
c. It is up to the banker to decide
.b
Ans - a
w
...................................................
w
A cheque drawn on account on which garnishee order is served .The cheque should be returned with
w
the remark
a. Garnishee order received

b. refer to drawer
c. account attached
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d. orders not to pay
Ans - b
...................................................
m
A is having a current account and the minimum balance required is Rs5000/. The present balance is Rs
co
6000/-.A cheque is presented in clearing for Rs 6000/- Now
a. You will return the cheque
s.
b. You will pass the cheque
c. You will pass the cheque and close the account
am
Ans - b
...................................................
x
ne
In a bill the name of the “drawee in case of need” is mentioned. When it was presented to the drawee it
was dishonoured. Now the bill is said to be dishonoured
io
a. Since it was dishonoured by the drawee
b. only after it is presented to the drawee in case of need and dishonoured by him
ot
c. It is not compulsory to present it to drawee in case of need
m
Ans - b
ro
...................................................
With the amendment to N.I act, Dishonour of cheques for insufficiency of funds is deemed an offence.
kp
the drawer of the cheque may be punished
a. Imprisonment for a term up to 1year or fine upto twice the amount of the cheque or with both
an
b. Imprisonment for a term of 2 years

c. fine up to thrice the cheque amount
.b
d. imprisonment upto 2 years or fine which may extend to twice the amount of the amount of cheque or
with both
w
Ans - d
...................................................
w
w
Which of the following is a foreign bill ......
a. A bill drawn in sets

b. A bill drawn at Chennai on a party in Calcutta and payable at Colombo
c. a bill drawn at Mumbai on a party in Newyork payable at New Delhi
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Ans - d
...................................................
m
Order instruments are negotiated by ......
co
a. Endorsement
b. delivery
s.
c. endorsement & delivery
d. an order instrument can not be negotiated
am
Ans - c
...................................................
x
A endorses a cheque SANS RECOURSE to B. B endorses it to C and C to A. If the cheque is dishonored ......
a. A is not liable to B and C and also can not claim from them
ne
b. A is not liable to B & C but can claim from them as an endorsee
io
c. A can claim from C only
d. A can claim from B only
ot
Ans - b
m
...................................................
ro
A cheque of Central Bank of India bears a round stamp of Dena Bank and collection number of the bank.
The cheque is ......
kp
a. Generally crossed
b. specially crossed to Dena Bank
c. uncrossed
an

.b
Ans - b
...................................................
w
Bill of lading and railway receipts are ......

w
a. Negotiable instruments
w
b. Accepted as negotiable instruments

c. Non-negotiable instruments
Ans - b
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A cheque payable to Ratan singh is endorsed by him in blank and delivered Lakhan singh. Mr. Lakhan
singh adds the following above the blank endorsement made by Ratan singh “ pay Magan singh or
order” and handed over the cheque to Mr. Magan singh. Which of the following is correct
m
a. The cheque is rendered invalid as there is a material alteration
b. Mr lakhan singh is only liable if the cheque is dishonored
co
c. Mr Ratan singh is only liable if the cheque is dishonored
d. The cheque is valid and Mr Lakhan singh incurs no liability as an endorser
s.
Ans - d
...................................................
am
Which one of the following is not negotiable instrument?
a. A delivery order
x
b. A currency note
ne
c. A letter of credit
d. All the above
io
Ans - d
...................................................
ot
Rameshwar Dass issued a bearer cheque in favour of Mr.Ramneet but he expired before he could
m
handover the cheque to Mr.Ramneet. Whether the negotiation is complete and how Such a negotiable
instrument is transferable only by:
ro
a. No & Endorsement
b. No & Delivery
kp
c. Yes & Endorsement and delivery

an
Ans - b
...................................................
.b
An order cheque is transferable only by ......

w
a. Endorsement
b. Delivery
w
c. Endorsement and delivery

w
d. Blank endorsement
E. All the above
Ans - c
...................................................
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Which of the following is not a negotiable instrument?
a. A postal order
b. An LIC policy
m
c. A share certificate
d. All the above
co
Ans - d
...................................................
s.
The holder of a negotiable instrument is holder in due course if (state which is not true out of the
am
following) ......
a. He receives the instrument in good faith and without negligence

b. He receives the instrument for any type of consideration
x
c. He receives the instrument before its maturity
ne
d. All the above
Ans - b
io
...................................................
ot
A customer of your branch issues a cheque payable cash or bearer. This is presented by a minor of 16
years of age for payment at the counter:
m
a. Bank can pay as cash would be treated as bearer

ro
b. Bank should return the cheque

c. Bank should contact the drawer
kp
Ans - a
...................................................
an
A customer of your branch issues a cheque, which is written in three different inks and in two different
.b
handwritings. The cheque is presented at the counter for payment:
a. Payment should be refused

w
b. It should be paid
c. Confirmation from drawer sought
w

w
Ans - b
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Payment in due course means, payment (which of the following is not correct) ......
a. According to apparent tenor of the instrument

b. Must be made in good faith and with negligence
m
c. Must be made to the person in possession of the instrument in circumstances without any doubt or
suspicion.
co
d. All the above.
Ans - b
s.
...................................................
am
Which of the following is payment in due course?
a. Crossed cheque paid over counter

b. Cheque with forged signatures of the bearer.
x
c. Bearer cheque with endorsement on it even if it is forged.
ne
d. Cheque paid after receipt of garnishee order.
Ans - c
io
...................................................
ot
An inland instrument is one, which is ......
m
a. Drawn or made in India

b. Made payable or drawn on a person resident of India
ro
c. Both the above

kp
Ans - c
...................................................
an
Which of the following is a material alteration?

.b
a. A bearer cheque converted to order

b. Special crossing converted to general crossing
c. Crossing a cheque
w
d. All the above

w
Ans - b
w
...................................................
Which of the following alterations is not a material alteration?
a. Converting order to bearer cheque

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b. Crossing of a cheque
c. Changing payee’s name
d. All the above
m
Ans - b
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co
If a garnishee order has been received in the account, what memo should be appended while returning
further cheques in the account ......
s.
a. Garnishee order received
am
b. Refer to drawer
c. Both the above
x
Ans - b
ne
...................................................
A cheque issued by director of Limited Company is presented for payment after death of the director. In
io
this case ......
ot
a. Bank cannot pay the cheque
b. Bank can pay the cheque
m
c. Bank should contact the Co.

ro
Ans - b
...................................................
kp
If a cheque is presented for payment through clearing house is returned with some reason. Returning
memo is enclosed to comply with ......
an

.b
b. RBI Act
c. Banking Regulations Act
d. None of the above but it is a practice.
w
Ans - d
w
...................................................
w
An order cheque was issued in favour of A who endorsed that cheque in favour of B. The cheque was
lost in transit and found by C who takes the payment with forged endorsement. Whether Bank is
a. Discharged from its liability because payment is made in due course

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b. Liable as it does not confer title on C

c. Liable for half the amount
m
Ans - a
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co
A cheque is presented for payment on account of Mr.Hari at counter. A token has been issued and
cheque passed for payment, but payment has not been made by the cashier and during this period
s.
garnishee order is received:
am
a. Order will apply to the amount of cheque.
b. It will not apply since the cheque has been passed
c. Order would become in-effective
x
ne
Ans - a
...................................................
io
Your branch receives an Attachment order from Income-tax Officer against Mr.Shiva for a sum of
Rs.13500, who does not maintain any account with the branch in his single name. But there is a saving
ot
bank account in the joint names of Shiva and Mrs.Parvati which shows a credit balance of Rs.28532:
m
a. the attachment order will not apply to the joint account

b. the position may be clarified to the Income-Tax Officer by a letter and the operations in the account
ro
should be stopped pending final order of the income tax officer

c. A sum of Rs.13500 should be remitted to the income tax officer to the debit of the joint account as the
shares of joint holders in such account is presumed to be equal, until the contrary is proved, in terms of
kp
section 226(3) (ii) of the income tax act, 1961.

Ans - c
an
...................................................
.b
The garnishee order is not applicable to ......
a. Amount lying in foreign accounts of the judgement debtor

w
b. Articles of judgement debtor lying in the safe custody

c. Both (a) and (b)
w

w
Ans - d
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A garnishee order is served on the bank’s Head Office at Mumbai against an account maintained by
Nariman Point branch.
a. The garnishee order will not be operative against the branch and hence will be referred back to the
m
court
b. Service of the order on the Head Office is service on all the branches of the bank in the jurisdiction of
co
the court and hence is operative
c. The head office will send the order to Zonal/Regional office for being communicated to the branch
through proper administrative hierarchy maximum within thirty days from the date of the order
s.
d. None of these.
am
Ans - b
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Following types of forums are available under the Act ......
x
ne
a. District forums
b. State forums
c. National commission
io
d. All the above.
ot
Ans - d
...................................................
m
Validity period of a cheque can be reduced ......

ro
a. by the drawer by mentioning the same on the instrument

b. by the drawee
kp
c. by the payee
an
Ans - d
...................................................
.b
Cash Payment of order cheques should be made ......

w
a. on proper identification of the payee

b. without identification
w
c. through bank only

w
Ans - a
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A cheque is not stated to payable to bearer or order. It is payable to ......
a. payee
b. payee or order
m
c. payee or bearer
co
Ans - a
...................................................
s.
For considering an offence u/s 138 of NI Act, it is essential that ......
am
a. cheque is presented within its validity period
b. payment should be demanded within 30 days of return of the cheque
c. Drawer should have failed to pay within 15 days from receipt of the notice.
x
d. All the above.
Ans – d
................................................... ne
io
Which court is competent for trying cases u/s 138 of NI Act?
ot
a. any court
m
b. Metropolitan Magistrate or 1st class judicial magistrate

c. High courts
ro
Ans - b
kp
...................................................
A garnishee order is applicable to ......

an
a. Demand deposits
.b
b. Time deposits whether due or to become due

c. Both (a) and (b)
w
Ans - c
w
...................................................
w
As per CPA, consumer is a person ......
a. who hires many service for consideration

b. the consideration may be paid or partly paid or promises
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c. any person who is beneficiary of a service hired by others

d. all the above
Ans - d
m
...................................................
co
While collecting bill of exchange for customers ......
a. The bank does not get any protection
s.
b. Protection is available as per Banking Regulations Act.
c. Protection is available as per Negotiable instruments act.
am
Ans - c
...................................................
x
ne
In case the bill received for collection is not paid by the drawee ......
a. Bank should return the bill immediately

io
b. Bank should act according to directions of remitting bank / drawer.
c. Bank should wait for the payment as per its discretion.
ot
m
Ans - b
...................................................
ro
As per the new guidelines, a Micro or Small Enterprise (as defined in the MSMED Act 2006) may be said
to have become SICK ......
kp
a. any of the borrowal account of the enterprise remains NPA for three months or more
b. there is erosion in the net worth due to accumulated losses to the extent of 50% of its net worth
an
during the previous accounting year

c. either a or b
.b
d. a and b
Ans - c
w
...................................................
w
A issues a cheque for Rs 10000/- to M/S R.K charitable trust as donation. The cheque was returned
w
unpaid with reasons “Funds Insufficient”
a. The Trust can file a criminal complaint under sec-138 of N.I act
b. No criminal complaint can be filed as the cheque was not issued for any discharge of liability
c. Criminal complaint can be filed only if it was returned for the second time
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Ans - b
...................................................
m
The supply bills are collected by the banks on the basis of ......
co
a. Receipted challans
b. An order
s.
c. Bills of exchange
d. Power of attorney
am
Ans - a
...................................................
x
Loans to food and agro-based processing units with investments in plant and machinery up to ...... is
ne
treated as priority sector advance.
a. 1 crore
io
b. 5 crore
c. 10 crore
ot
d. 50 crore
m
Ans - c
...................................................
ro
MSMES have said to have reached “HAND HOLDING stage” if ......

kp
a. There is delay in commencement of commercial production by more than six months for reasons
beyond the control of the promoters
b. The company incurs losses for two years or cash loss for one year, beyond the accepted timeframe
an
c. The capacity utilization is less than 50% of the projected level in terms of quantity or the sales are less
than 50% of the projected level in terms of value during a year.
.b
d. in case of any one of the above events
Ans - d
w
...................................................
w
The documents to be insisted from a NRI for opening an account is ...... (i) Copies of Passport and VISA,
w
(ii) Local and Overseas addresses, (iii) Latest Passport size photographs

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Ans - d
...................................................
m
The transferee can not get better title than the transferor in case of ......
co
a. A/C payee in crossing
b. not negotiable in crossing
s.
c. special crossing
am
Ans - b
...................................................
x
Committee on customer service which submitted its report during 1977 is known as ......
a. Talwar Committee
b. Tarapore Committee ne
io
c. Goiporia Committee
d. Tandon Committee
ot
Ans - a
m
...................................................
ro
What is the relationship when a persons raised loan from a bank?
a. borrower and lender,

kp
b. debtor and creditor

c. loanee and banker
d. principal and agent
an
Ans - b
.b
...................................................
After taking possession of the immovable property, copy of the possession notice is to be published in
w
two local newspaper not later than ...... days

w
a. 7 days
w
b. 15 days
c. 30 days
d. 60 days
Ans - c
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Interest Subsidy on Housing Loans (1%) for the first year is available provided the loan amount does not
exceed ...... and the cost of house should be within ......
a. 10 lakhs & 15 lakhs
m
b. 10 lakhs & 20 lakhs
c. 15 lakhs & 25 lakhs
co
d. 10 lakhs & No cap
Ans - c
s.
...................................................
am
A customer deposits Rs.3000 with the bank for remittance by way of telegraphic transfer for credit of Z’s
account at other station. The relationship is that of
a. principal and agent
x
b. beneficiary and trustee
ne
c. debtor and creditor
d. bank and a customer
io
Ans - a
...................................................
ot
A customer’s cheque is received in a current account where balance is inadequate. Customer has a RD
m
account also the amount in which is sufficient to cover the cheque. The bank will:
ro
a. not pass the cheque as funds are not available for the cheque
b. send an intimation to the customer
c. permit overdraft without request
kp
d. none of the above.
Ans - a
an
...................................................
.b
Through an over sight, the bank credits a sum of Rs.2 lac to the current account of M/s.Ram Lal Pvt.Ltd.a
joint stock company. When the mistake is detected, the company goes in for liquidation. What is
relationship between the bank and the company:
w
a. Bailer-bailee
w
b. Creditor-debtors
w
c. Debtor-creditor
d. Beneficiary-trustee
Ans - b
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Bankers are supposed to maintain secrecy of customer’ account, under which Act ......
a. RBI Act
b. Banking Regulation Act
m
c. Negotiable Instrument Act
d. All the above
co
Ans - d
...................................................
s.
Inter-bank disclosure about customer should be ......
am
a. pointed information giving exact position
b. general in description
c. on a specific format supplied by the bank seeking information
x
d. as per format approved by IBA.
Ans - b
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io
Is it necessary that principal debtor must be a party to document of guarantee?
ot
a. Yes
m
b. No
c. needs further information to answer the question
ro
Ans - b
kp
...................................................
A Govt. bill can be endorsed ......

an
a. any no. of times

.b
b. only once
c. twice
d. thrice
w
Ans - b
w
...................................................
w
A cheque issued by Govt. or by RBI account is valid (otherwise validity not restricted) for ......
a. 12 months
b. 9 months
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c. 6 months
d. for ever till paid
Ans - c
m
...................................................
co
A pensioner gives a power of attorney in B’s favour to collect pension on his behalf ......
a. bank shouldn’t accept it
s.
b. bank may accept it
c. bank may obtain RBI permission
am
Ans - a
...................................................
x
ne
A pensioner is required by the paying branches ......
a. to produce non-marriage certificate

io
b. to undertake to refund excess payment if any
c. life certificate
ot
d. all the above
m
Ans - d
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ro
For getting pension from a bank, branch selection is made by ......

kp
a. the treasury officer

b. employer
c. pensioner
an
d. Govt.
.b
Ans - c
...................................................
w
Pension cannot be credited in ......

w
a. saving bank account

w
b. current account
c. joint account with a relative with either/ survivor payment option
Ans - d
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Which of the statement is incorrect?
a. There are 3 parties in the contract of guarantee

b. There are 2 parties in the indemnity
m
c. The liability in the indemnity is secondary and conditional
d. The liability in the guarantee is secondary and unconditional
co
Ans - c
...................................................
s.
What is the maximum loan amount to EWS & LIG under ISHUP scheme?
am
a. 1 lakh & 1.60 lakh
b. 0.50 lakh & 1 lakh
c. 1 lakh & 2 lakh
x
d. No limits
Ans - a
................................................... ne
io
In case where counterfeit note is found at the branch, FIR is to be filed by ......
ot
a. Remitter
m
b. Cashier
c. Beneficiary whose account the amount is to be credited
ro
d. Bank Branch where no. of notes exceeds 4 in a single transaction
Ans - d
kp
...................................................
Relationship between Customer & Banker in case of Safe custody of articles ......
an
a. Lessor & Lessee

.b
b. Prinicpal & Agent

c. Bailor & Bailee
d. Assignor & Assingee
w
Ans - c
w
...................................................
w
Which of the following is not a Operational Risk?
a. People Risk
b. Technology Risk
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c. System Risk
d. Liquidity risk
Ans - d
m
...................................................
co
The contract of guarantee requires concurrence of ......
a. any one of parties involved in contract
s.
b. minimum 2 out of total persons involved in the contract
c. Consent of all parties to the contract
am
Ans - c
...................................................
x
ne
Please tick right answer. As per revised RBI guidelines ......
a. The banks are permitted to issue of guarantees by banks favouring other banks/FIs/Other lending
io
agencies for the loans extended by the latter subject to strict compliance with conditions specified there
in.
ot
b. Banks are precluded from issue of guarantees favouring banks/FIs/Other Lending agencies
c. Banks can only issue guarantees favouring Financial Institutes subject to compliance with conditions
m
stipulated therein
ro
Ans - a
...................................................
kp
The guarantees issued favouring other banks/FIs - the assets financed by the latter will have ...... charge
to the bank, which is issuing guarantee.
an
a. First charge
.b
b. Second charge
c. Paripassu charge
d. No charge
w
Ans - a
w
...................................................
w
Bank should ensure compliance with the ...... recommendations and other internal requirements,
relating to issue of guarantees to obviate the possibility of frauds in this area
a. Tandon committee
…………………………………………………………………………………………………………………………………………………………………
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b. Chore committee
c. Khannan committee
d. Ghosh committee
m
Ans - d
...................................................
co
Guarantees above Rs. ...... should be issued under two signatures in triplicate one copy each for the
branch, beneficiary and Zonal Office.
s.
a. Rs.25000/-
am
b. Rs.10 000/-
c. Rs.50,000/-
d. Rs.5000/-
x
Ans - c
ne
...................................................
Bank guarantee is to be given for a definite period, definite amount and specific purpose. If any
io
deviation from these are to be treated as
ot
a. Onerous
b. restrictive
m
c. can not say

ro
Ans - a
...................................................
kp
Can the bank issue guarantee in favour of consortium member for their lending to the customer under
consortium lending?
an
a. Yes
.b
b. No.
c. upto 30% of limit sanctioned can be guaranteed
w
Ans - b
w
...................................................
w
Bharat Sanchar Nigam Ltd. requests its bank to provide the number of bank accounts of its 20
employees, for disbursement of salary through their bank accounts. What would you do:
a. advise the numbers

…………………………………………………………………………………………………………………………………………………………………
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b. will not advise the numbers

c. will advise after having consent of the account holders
d. any of the above
m
Ans - c
...................................................
co
M/s.Shalimar Paints Ltd. have asked your branch to provide a credit report on M/s.Dharuva Paints, to
whom M/s.Shalimar Paints Ltd.want to give a dealership. What would you do:
s.
a. will not provide the credit report
am
b. will provide the credit report
c. credit report would be provide only if a request comes from Dharuva Paints
d. any of the above.
x
Ans - c
ne
...................................................
For branch authorization policy, branches are classified as Tier 1 to Tier 6. semi urban centres will fall
io
under ......
ot
a. Tier 1 To Tier 3
b. Tiers 2, 3, and 4
m
c. Tiers 5 and 6
d. Tier3 to tier4
ro
Ans - b
...................................................
kp
RBI has given the option to pay interest on savings deposits and term deposits at intervals shorter than
quarterly intervals. This will not be applicable to
an
a. NRO accounts
.b
b. NRE accounts
c. domestic accounts
d. FCNR(B)
w
Ans - d
w
...................................................
w
Depositor education and awareness is to be created by RBI out of ......
a. grant by central government

b. grant by state governments
…………………………………………………………………………………………………………………………………………………………………
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c. some percentage of profit from scheduled banks

d. banks unclaimed deposits
Ans - d
m
...................................................
co
No banking company shall pay out directly or indirectly by way of commission, brokerage, discount or
remuneration in any form in respect of any shares issued by it, any amount exceeding in the aggregate
two and one-half percent of the
s.
a. paid-up value of the shares
am
b. price at which such shares are issued
c. price at which such shares are issued inclusive of premium on such shares
d. price at which such shares are issued exclusive of premium on such shares
x
Ans - c
ne
...................................................
How much foreign exchange is allowed for visiting BHUTAN ......

io
a. usd 500
ot
b. usd 2000
c. usd 100
m
d. no foreign exchange
ro
Ans - d
...................................................
kp
A Scheduled Bank in addition to the average daily balance is required u/s 42 of RBI Act to maintain in
India, assets, the value of which shall not be less than such percentage not exceeding _______ of the
total of Demand and Time Liabilities in India as on the last Friday of the second preceding fortnight –
an
a. 75%
.b
b. 65%
c. 50%
4]45%
w
Ans - d
w
...................................................
w
In terms of sec 138 of N.I act 1881 ,the payee should give notice within----days of receipt return of
cheque for insufficient balance
a. 15 days
…………………………………………………………………………………………………………………………………………………………………
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b. 30days
c. 1 month
d. 48 hours
m
Ans - b
...................................................
co
A is having a savings account and he has nominated his minor son B as nominee. Now he has to appoint
a person on behalf of the nominee. The person can be
s.
a. only mother
am
b. blood relatives
c. If mother is not alive blood relatives
d. any person
x
Ans - d
ne
...................................................
An account holder has issued a cheque and was cleared. After sometimes the customer requests you to
io
give him the original cheque
ot
a. It can be given
b. it can not be given
m
c. it can be given only if court demands it

d. only a certified copy can be given
ro
Ans - a
...................................................
kp
How many maximum directors can be there in a company as per company act 2013?
an
a. 10
b. 15
.b
c. 20
d. no restriction
w
Ans - b
...................................................
w
w
A and B are two account holders of your branch and are having a dispute .A has filed a case against B .
Now your branch receives a notice from A‟s Lawyer to appear as a witness in court to prove an entry in
the pass book issued by your branch. In this situation
a. You can depute your staff as Bank‟s passbook entry is to be proved

…………………………………………………………………………………………………………………………………………………………………
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b. you will ignore it as Bank is not a party to the case

c. you will instruct the Lawyer to write to your head office
d. You will depute provided B also agrees to it at the expenses of A
m
Ans - b
...................................................
co
In an account, your head office has advised you to file a suit. The last day of filing the suit is 28-12-2003
and it is Sunday and the court is closed. and the next day is a bank holiday[court is opened].The suit can
s.
be filed on
am
a. 30-12-2003
b. on or before 29-12-2003
c. on or before27-12-2003
d. 3days grace is available from the last day and hence it can be filed upto31-12-2003
x
ne
Ans - b
...................................................
io
On customer’s request over phone, the information about his account ......
ot
a. Should not be given
b. May be given at discretion of the bank
m
c. May be given if bank is satisfied that on the other side of the phone is the concerned customer only
ro
Ans - c
...................................................
kp
A party directly approaches you for status report on one of your customers. In this case ......
an
a. You will furnish the status report in general terms disclaiming all responsibilities on your part.
b. You will not give the status report.
.b
c. You will give the status report provided it does not contain any reference to the account maintained
by the customer
d. None of these
w
Ans - b
w
...................................................
w
While making the payment to a blind person, the payment:
a. Should be got witnessed by the person who has signed on the A/C opening card
b. Can be made without witness
…………………………………………………………………………………………………………………………………………………………………
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c. Witness must be person other than the passing official

d. a and c
Ans - a
m
...................................................
co
In the case of a joint stock co the registration of a charge is not required with registrar of companies for
......
s.
a. Pledge of moveable property
b. hypothecation of moveable property
am
c. assignment of book debts
d. mortgage of fixed assets
Ans - a
x
...................................................
ne
A usance bill is presented for acceptance to the drawee. He has to accept in ......
io
a. within 24 hrs
b. within 48 hrs
ot
c. within 72 hrs
d. no time limit
m
Ans - b
ro
...................................................
Bank’s code for customers was released by ......

kp
a. RBI
b. SEBI
an
c. BCSBI
d. IBA
.b
Ans - c
...................................................
w
If a DP goes bankrupt, what happens to the dematerialized holdings of investors with the DP?
w
w
a. The assets of the investor may be used for paying off the creditors of the DP.
b. The appointed "court receiver" has the discretion to dispose off the assets of the investor in the
manner he deems fit.
c. Depository has the discretion to dispose off the assets of the investor in the manner it deems fit.
…………………………………………………………………………………………………………………………………………………………………
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d. The investor can opt for dematerialization or open his account with another DP and transfer his
holdings.
Ans - d
m
...................................................
co
An ex staff wants to open FCNR(B) accounts and demands 1% additional interest. As per RBI guidelines
......
s.
a. can be allowed subject to not crossing the cap rate
b. not allowed
am
c. allowed subject to RBI permission
d. allowed if opened for 5 years
Ans - a
x
...................................................
ne
Bank has granted packing credit advance to exporters of HPS groundnut cakes, the amount of which is
more than the value of the export order. To be eligible for concessional rate of interest, the advance in
io
excess of the export order is required to be adjusted either in cash or by sale of residual by-product oil
within a period not exceeding____days from the date of advance.
ot
a. 15 days
m
b. 30 days
c. 180 days
ro
d. 270 days
Ans - b
kp
...................................................
A minor, who was not born in India, would attain majority ......
an
a. After completing age of 18 years

.b
b. After completing 21 years of age

c. Attaining age fixed for majority according to law of land where he was born.
w
Ans - b
w
...................................................
w
In case a public limited company is not able to pay to creditors, then ......
a. Co. will be declared insolvent

b. Co may go to liquidation
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c. A lockout would be declared

Ans - b
m
...................................................
co
Mohammed Musa, minor Muslim boy whose father has expired without leaving behind a will comes to
you to open a Saving Bank account. Under whose guardianship, you will permit the opening of the
account.
s.
a. mother
am
b. maternal grand-father
c. paternal grand-father
d. guardian appointed by the court
x
Ans - c
ne
...................................................
A company availing credit facilities does not require registration of charges u/s 125 of Companies Act
io
1956 for ......
ot
a. Packing Credit
b. Hypothecation
m
c. Pledge
ro
Ans - c
...................................................
kp
The debenture holders of a company are its ......

an
a. Owners
b. Debtors
.b
c. Creditors
d. Shareholders
w
Ans - c
...................................................
w
w
An illiterate person is not provided with facility of a cheque book because:
a. He cannot draw a negotiable instrument

b. His presence in bank is essential at the time of withdrawal as he is to put his thumb impression before
the passing official
…………………………………………………………………………………………………………………………………………………………………
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c. He is not competent to contract

d. Can be issued but at the time of issuing of cheque books, thumb impression of the account holder
should be duly affixed and authenticated by the bank official.
m
Ans - d
...................................................
co
Whom should a banker consider to be a customer of the bank?
s.
a. A person who has been coming to the bank for purchasing demand drafts, mail transfers and
telegraphic transfers for the last five months; or
am
b. A person who has been retiring bills from the branch for the last 7 months; or
c. A person who has been visiting the branch for encashing cheques for few months, or
d. A person who has opened a savings account only two days ago.
x
Ans - d
ne
...................................................
According the acceptable prevalent definition a customer is a person ......

io
a. Who has any type of bank account
ot
b. Who is continuously dealing with the bank
c. Both a and b
m

ro
Ans - a
...................................................
kp
Gurdeva, an illiterate customer in your branch, who is maintaining a savings account, requests you
permit him to authorise his friend Bhisham to operate his account:
an
a. An illiterate, being incompetent to contract, can not appoint an agent; or

b. Since an illiterate person cannot grant a power of attorney his request can not be complied with or
.b
c. The request of the illiterate customer may be acceded to on his executing a power of attorney; or
d. The request of the illiterate customer may be acceded to provided the transactions on the account
are allowed on a restricted scale.
w
Ans - c
w
...................................................
w
If a banker wants to take protection u/s 131 of the Negotiable Instruments Act, 1881, the word
`customer’ means ......
a. Any person who steps in to the bank for any lawful banking business
…………………………………………………………………………………………………………………………………………………………………
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b. A person who approaches the bank for credit limits for productive activity.
c. A person who has an account, properly introduced with the bank.
d. None of these.
m
Ans - c
...................................................
co
Commission on receipts (physical) relating to Govt. Business ......
s.
a. Rs. 25 per transaction
b. Rs. 30 per transaction
am
c. Rs. 50 per transaction
d. Rs. 60 per transaction
Ans - c
x
...................................................
Minimum and Maximum period of Certificate of Deposits ......

ne
io
a. 15 days & 1 year
b. 30 days & 1 year
ot
c. 7 days & 1 year
d. 7 days & no limit
m
Ans - c
ro
...................................................
Customer not kept Cheque book under lock and key and one cheque leaf was stolen. Bank made
kp
payment of the said cheque which was forged.
a. Customer is liable since he is negligent

an
b. Bank is not liable as the cheque was stolen

c. Bank is liable since the payment is made on forged signature
.b
d. None
Ans - c
w
...................................................
w
Which of the statement not correct with regard to sanction of loan of Rs. 5 lakh to individual
w
undertaking small business which covers under Micro & Small Enterprise (MSE) category?
a. Primary security is mandatory

b. Collateral stipulation is the discretionary of the Bank
c. Collateral should not be insisted
…………………………………………………………………………………………………………………………………………………………………
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d. Collateral is needed for all loans above Rs. 10 lakh
Ans - b
...................................................
m
When a person is maintaining a deposit account with a bank, the relationship is that ......
co
a. Debtor and creditor
b. Trustee and beneficiary
s.
c. Principal and agent
d. Chief and agent
am
Ans - a
...................................................
x
When the bank accepts articles for keeping in safe custody, the relationship between the banker and
ne
customer is that of ......
a. Trustee and beneficiary

io
b. Bailor and bailee
c. Chief and Agent
ot
m
Ans - b
...................................................
ro
In case of collection of cheques and bills, the relationship of the banker with the customer is that of ......
kp
a. Banker as agent
b. Bank as trustee
c. Banker as debtor
an
d. Banker as bailor
.b
Ans - a
...................................................
w
In case of lockers, the relationship between the banker and customer is that of a ......
w
a. Bailor and bailee

w
b. Trustee and beneficiary

c. Lessor and lessee
Ans - c
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When a banker is acting on the standing instructions of a customer to pay school fee of the customer’s
son, their relationship is of ......
a. An employer and an employee
m
b. An owner and a servant
c. A trustee and beneficiary
co
d. A principal and an agent
Ans - d
s.
...................................................
am
When a bank is collecting a cheque of newly opened FD account ......
a. Banker would not get protection because it has not collected the cheque for a customer
b. The banker will get full protection if the account has been duly introduced.
x
c. The banker will not get protection because the first entry in the account is not in cash.
ne
Ans - b
io
...................................................
ot
A has got a term loan account and the balance of Rs 10000/-has been recalled. You receive a garnishee
order from court for RS 10000/ attaching the credit balance of RS 10000/- maintained by A. you will
m
a. Exercise right of set off against the credit balance and inform the court accordingly
ro
b. comply with the court order

c. remit 50% and appropriate 50 % towards loan account
d. seek instructions from court
kp
Ans - a
...................................................
an
Satish is having a saving account and he is also attorney of saving account holder B. You receive the
.b
notice of death of Mr. Satish. Two cheques signed by Satish one in his saving account and the other one
in the account of B are presented in clearing. You will
w
a. return both the cheques

b. pass both the cheques
w
c. pass the cheque of account B and return the cheque of Satish account
w
d. pass the cheque of Satish account and return the cheque of account B
Ans - c
...................................................
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A cheque dated 20-12-2011 was paid on 10-10-2011.The account holder gives stop payment instruction
of the above cheque on 15-11-2011.The bank
a. will refuse to accept the instruction as the cheque is already paid.
m
b. Will refuse as per the recent Supreme court Judgement
c. will refuse as issuance of post dated cheque is illegal
co
d. will accept the stop payment instruction
Ans - d
s.
...................................................
am
A taxi is financed by bank and it is hypothecated to bank. The taxi met with an accident and the
passengers were injured. Compensation can be
a. claimed from the bank
x
b. can not be claimed from bank
ne
c. claimed equally from Bank & Owner
d. Bank should pay the compensation and recover from the owner.
io
Ans - b
...................................................
ot
Mortgage is defined under ......

m
a. contract act
ro
b. sale of goods act

c. transfer of property act
kp
Ans - c
...................................................
an
The mortgager transfers the mortgaged property to the mortgagee on the condition that it will be
.b
retransferred upon payment of mortgaged money.
a. Simple mortgage
w
b. English mortgage
c. equitable mortgage
w
d. mortgage by conditional sale

w
Ans - b
...................................................
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Natural guardian of an illegitimate child will be ......
a. father
b. as decided by the court
m
c. mother
d. none of the above.
co
Ans - c
...................................................
s.
While opening an account of a minor, his/her date of birth should be written ......
am
a. In account opening form
b. On specimen signature slip
c. On ledger folio
x
d. On all the above
Ans - d
................................................... ne
io
Ashok got converted to Christianity but his wife continued to be Hindu. In such case, for their minor son
ot
......
m
a. he will continue to be natural guardian of his child

b. he will cease to be the natural guardian of his child
ro
c. he will cease to be the natural guardian which will be bestowed upon the mother
d. he can appoint a guardian through a will
kp
Ans - a
...................................................
an
The no. of partners in a partnership firm should not exceed ......

.b
a. 50
b. 15
c. 10
w
d. 20 (10 for banking business)

w
Ans - d
w
...................................................
For opening an account in partnership firm’s name ......
a. It should be a registered firm

…………………………………………………………………………………………………………………………………………………………………
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b. Registration of firm is not necessary though desirable

c. Registration is necessary if partners are illiterate or minor.
d. Registration is necessary to give a loan.
m
Ans - b
...................................................
co
For opening a current account in the name of firm ......
s.
a. Partnership deed should be thoroughly checked and a copy should be kept on record.
b. In case it is a registered firm the copy of the deed is not required.
am
c. Partnership deed is required only when any of the partners is illiterate
d. It is not necessary to insist upon partnership deed, though it is desirable to have partnership deed.
Ans - d
x
...................................................
ne
M/s. Gram Udyog a sole-proprietorship concern of Mr.Amrit Lal maintain a current account at your
branch which is operated by the Munim of the firm under authority from Mr.Ajmrit Lal. He advises the
io
bank to cancel the authority given to the Munim. Subsequently, a cheque signed by the Munim, bearing
date prior to the date of cancellation of authority is presented for payment. Will you pay the cheque?
ot
a. The cheque may paid since it is drawn prior to the date of revocation of authority.
m
b. The cheque may be paid since a revocation is always subject to the cheques already drawn by the
agent.
ro
c. The cheque can not be paid after the bank is informed of the cancellation of authority.
d. None of these.
kp
Ans - c
...................................................
an
NI Act is applicable in ......

.b
a. Punjab
b. The entire country
c. Entire country except J & K
w
d. Northern Eastern States

w
Ans - b
w
...................................................
A collecting bank gets protection u/s 131 of NI Act only if ......
a. The collection is in good faith and without negligence

…………………………………………………………………………………………………………………………………………………………………
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b. The Bank collects only on behalf of the customer

c. The Bank collects only crossed cheques
d. All the above
m
Ans - d
...................................................
co
How many times a negotiable instrument can be negotiated?
s.
a. Once
b. Twice
am
c. Thrice
d. No limit
Ans - d
x
...................................................
ne
On payment of which of the following, the payment will not be considered a payment in due course?
io
a. Normal cheque
b. Truncated cheque
ot
c. Electronic Cheque
m
Ans - d
ro
...................................................
A minor cannot be a nominee ......

kp
a. Yes
b. No, he can be.
an
c. Correct
.b
Ans - b
...................................................
w
X depositor approached the branch with term deposit receipt of Rs. 2 lakhs which was due in the year
w
2008 and not interested for renewal of the matured deposit and requesting for payment of interest for
w
overdue period. How do you act?
a. No interest will be paid since the deposit is not renewed

b. Term Deposit applicable interest at the time of maturity will be paid for the overdue period
…………………………………………………………………………………………………………………………………………………………………
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c. Interest rate at the time of maturity or at the time of renewal whichever is lower will be paid for
overdue period
d. SB interest will be paid for the overdue period
m
Ans - d
...................................................
co
Which of the following Interest rates are still regulated by RBI?
s.
a. SB Deposits
b. Commercial Loans
am
c. DRI Loans
d. b & c
Ans - c
x
...................................................
ne
Which of the following scheme is launched to provide pension to the members of unorganized sectors in
India?
io
a. PMSBY
ot
b. PMJBY
c. Jeevan Dhara
m
d. Atal Pension Yozana

ro
Ans - d
...................................................
kp
To be eligible for classification under priority sector, the ceiling prescribed for lending to Agriculture
Infrastructure (Cold Storage, Soil conservation, Tissue culture, Bio fertilizer, Vermi culture etc.,) is ......
an
a. Rs. 50 lakhs
b. Rs. 100 lakhs
.b
c. Rs. 200 lakhs

d. Rs. 300 lakhs
w
Ans - b
...................................................
w
w
Natural guardian of an adopted minor shall be ......
a. adoptive father
b. real father
c. as declared by the court
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d. both of them
Ans - a
...................................................
m
The liability of a deceased partner is ......
co
a. Upto date of his death
b. Till public notice
s.
c. Earlier of the above
am
Ans - a
...................................................
x
A firm having three partners is having a current account and a cheque is presented for payment drawn
ne
by one of partners after his death. The bank:
a. Will not pay the cheque

io
b. Will pay the cheque
c. Can pay, after confirmation of other partners.
ot
m
Ans - c
...................................................
ro
A firm is registered with ......

kp
a. Registrar of firms
b. Registrar of companies
c. Registrar of deeds
an

.b
Ans - a
...................................................
w
U/s. 18 of Indian Partnership Act, a partner of the firm is ......

w
a. An employee
w
b. An owner
c. A trustee
d. A principal & agent
Ans - d
…………………………………………………………………………………………………………………………………………………………………
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When the cheques are received for collection, the bank brands all the documents with crossing stamp so
that ......
a. Bank gets protection u/s 131 of Negotiable Instruments Act.
m
b. To avoid unauthorized and fraudulent use of document.
c. To make clear that documents are sent through bank
co
Ans - b
s.
...................................................
am
When a documentary bill is received for collection and presented to the drawee for acceptance or
payment, the presenting bank will ......
a. Not be responsible for genuineness of the bill
x
b. Make good the loss sustained by drawee if the quality of goods is not upto the mark
ne
c. Certify all the documents attached to the bills
io
Ans - a
...................................................
ot
Recently NRIs and PIOs are permitted to transfer funds maximum of Rs.1 million USD, subject to
m
payment of taxes from ......

ro
a. NRO account to NRE account

b. NRE to FCNR
c. FCNR to NRE
kp
d. FCNR to RFC
Ans - a
an
...................................................
.b
A minor succeeded in raising a loan from a bank, not disclosing his true age. Now he is not repaying. In
such case the Bank ......
w
a. Could have recovered the loan, if there was a guarantor.

b. Cannot recover this amount from the minor.
w
c. Can recover as banker has not acted negligently but through court of law.
w
d. Recover from guardian.
Ans - b
...................................................
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Which of the following is not negotiable instrument?
a. Cheque
b. Dividend warrant
m
c. Bank draft
d. Bill of exchange
co
Ans - b
...................................................
s.
Protection is available to paying banker in paying drafts u/s ...... of NI Act
am
a. 85
b. 85A
c. 131
x
d. 130
Ans - b
................................................... ne
io
Drawee of a negotiable instrument is a person ......
ot
a. who pays the amount

m
b. who draws the instrument

c. who receives the payment
ro
Ans - a
kp
...................................................
The bills received for collection are presented to drawee within ......
an
a. Reasonable period from the date of receipt.

.b
b. 7 days of their receipt

c. 24 hours of their receipt
d. 10 days of their receipt
w
Ans - a
w
...................................................
w
The revised agency commission by Govt. of India to Banks for Receipts physical mode transactions is ......
a. Rs.12/- per transaction

b. Rs.45/- per transaction
…………………………………………………………………………………………………………………………………………………………………
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c. Rs.50/- per transaction

d. Rs.65/- per transaction
Ans - c
m
...................................................
co
The revised agency commission by Govt. of India to Banks for Pension Payment transactions is ......
a. Rs.12/- per transaction
s.
b. Rs.45/- per transaction
c. Rs.50/- per transaction
am
d. Rs.65/- per transaction
Ans - d
...................................................
x
ne
Agency commission for payment of Special Deposit Scheme will be ......
a. 9 paise per Rs.100 turnover

io
b. 5.5 paise per Rs.100 turnover
c. 10 paise per Rs.100 turnover
ot
d. NIL
m
Ans - b
...................................................
ro
Form A2 is not required for Foreign Exchange Remittance for miscellaneous purposes ......
kp
a. If the amount does not exceed USD 5000 or its equivalent

b. If the amount does not exceed USD 25000 or its equivalent
c. The payment is made by a cheque drawn on the applicants Bank a/c
an
d. The payment is made by a Demand Draft 5] 1,3,4 6] 2,3,4

.b
Ans - b
...................................................
w
A firm is compulsorily dissolved, when ......

w
a. All or all but one have become insolvent

w
b. Business has been declared as illegal

c. A competent court issues order for dissolution.
d. All the above
Ans - d
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The partners, M and S give a mandate authorising a minor to operate the account. The bank should ......
a. Accept the mandate

b. Should not accept
m
c. Accept with confirmation from guardian of the minor
co
Ans - b
...................................................
s.
Can a limited company be partner in a partnership firm ......
am
a. Yes, because company is a legal person
b. No, because it has no physical presence
c. No because liability of a shareholder is limited
x
Ans - a
................................................... ne
io
In a partnership firm, the liability of the partners is ......
ot
a. Limited
b. Unlimited
m
c. Limited to share
ro
Ans - b
...................................................
kp
In case, giving guarantee is not the business of the firm the guarantee letter should be signed by ......
an
a. Any one of the partners

b. All the partners. Only then the guarantee can be enforced against the firm
.b
c. The manager of the firm

w
Ans - b
...................................................
w
w
An unregistered firm ......
a. Cannot file a suit against third parties

b. Third parties cannot file suit against the firm
c. Both the above
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Ans - a
...................................................
m
Guarantees are defined in ......
co
a. NI Act
b. RBI Act
s.
c. Banking Regulation Act
d. Indian Contract Act 1872
am
Ans - d
...................................................
x
A partner on behalf of the partnership firm ......
a. can give guarantee

b. cannot give guarantee ne
io
c. can give guarantee if business is to give guarantee
d. b & c
ot
Ans - d
m
...................................................
ro
The bank guarantee should be for shorter period however the maturity period should not normally be
more than ......
kp
a. 3 years
b. 5 years
c. 10 years
an
d. 12 years
.b
Ans - c
...................................................
w
A documentary bill was received for collection, which was drawn on a party maintaining a current
account. Peon goes to the party’s office for presentation of bill when he was informed that drawee
w
would be available after banking hours but during his duty hours. The peon returned back the bills the
w
bills department stating that drawee was not available and narrates incidence. In this case:
a. The bills would be deemed as not presented

b. Drawer was right in telling the bank to present the bill at any time during his business hours
c. This presentation is enough but for record purposes it should be sent by post
…………………………………………………………………………………………………………………………………………………………………
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d. A & B
Ans - c
...................................................
m
The stipulation of allowing of credit of 100% of Foreign Exchange Earnings subject to the condition that
co
the sum total of the accruals in the account during a calendar month should be converted into rupees on
or before the last day of the succeeding calendar month will not be applicable to which of the following
accounts –
s.
a. EEFC
am
b. RFC (Domestic)
c. RFC
d. Diamond Dollar Account
x
Ans - c
ne
...................................................
For working capital Limit the bank guarantee can be given not more than ......
io
a. 1 year
ot
b. 2 years
c. 3 years
m

ro
Ans - a
...................................................
kp
Full form of MICR is ......
a. Magnetic ink character record

an
b. machine ink character reading

c. magnetic ink character recognition
.b
d. machine ink character ink recognition
Ans - c
w
...................................................
w
If the project cost is 20 lakhs and the units located in urban area ,then the subsidy under PMEGP for
w
general category is ......
a. 3 lakhs
b. 5 lakhs
c. 7 lakhs
…………………………………………………………………………………………………………………………………………………………………
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d. 2 lakhs
Ans - a
...................................................
m
For PMEGP, rural area means ......
co
a. population below 10000
b. population below 20000
s.
c. area classified as village in revenue record of state
d. 2 and 3
am
Ans - d
...................................................
x
In the above question, for special category, the subsidy will be ......
a. 3 lakhs
b. 5 lakhs ne
io
c. 7 lakhs
d. 2 lakhs
ot
Ans - b
m
...................................................
ro
For the benefit of Senior Citizens, recently GOI introduced “Jeevan Pramaan” which relates to ......
a. Life Insurance
kp
b. Health Insurance
c. Housing facility
d. Life Certificate
an
Ans - d
.b
...................................................
The Banking Laws (Amendment) 2012 has facilitated the Public Sector Banks in increase of voting rights
w
from ....... to ........

w
a. 10% to 26%
w
b. 5% to 26%
c. 1% to 5%
d. 1% to 10%
Ans - c
…………………………………………………………………………………………………………………………………………………………………
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Right of Set-off refers to ......
a. Marking of lien in deposit account of the borrower

b. Transfer of term deposit balance, which is due for maturity in the next year to borrower account for
m
adjustment of overdues
c. Transfer of Savings Bank balances to borrower account for adjustment of overdues in loan account of
co
the depositor
d. b & c
s.
Ans - c
...................................................
am
A term deposit of Rs. 500000/- in the name of individual with one year tenor is cancelled prematurely.
The penalty for premature closure is ......
x
a. 0.50 percent
ne
b. 1.00 percent
c. 1.50 percent
d. No charges
io
Ans - d
ot
...................................................
m
The provision requirement on secured portion of an account remaining NPA for 2.5 years is ......
ro
a. 10%
b. 25%
c. 40%
kp
d. 100%
Ans - c
an
...................................................
.b
Advances against which of the following securities ...... will not be treated as NPA if adequate margin is
available
w
a. Gold ornaments
b. Government securities
w
c. NSC/IVP/KVP/LIFE POLICY
w
d. 1 and 2
Ans - c
...................................................
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As per RBI, rupee term deposits means ......
a. domestic time deposits

b. NRE term deposits
m
c. NRO term deposits
d. all the above
co
Ans - d
...................................................
s.
What amount of loan will be eligible to fall under priority sector if given to medium manufacturing
am
enterprises?
a. 2 crores
b. 3 crores
x
c. 5 crores
ne
d. any amount
Ans - d
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ot
Although a minor is not competent to contract yet banks open accounts in the names of minor because
......
m
a. It is allowed under Negotiable Instruments Act.

ro
b. It is allowed as per RBI Act.

c. It is allowed as per Indian contracts Act.
d. A minor can give proper discharge for the payments received, which he cannot deny.
kp
Ans - d
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an
In account of minor aged 17, an overdraft was created through an oversight, which minor is not
.b
repaying. One day he comes to take the payment of FD. In this case the bank can exercise its right of set
off against FD.
w
a. Yes, because it is in his name.

b. Yes, if overdraft is allowed for providing necessities to the minor.
w
c. No, because it was not made lawfully.

w
Ans - c
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What amount of loan will be eligible to fall under priority sector if given to medium-service enterprises?
a. 2 crores
b. 3 crores
m
c. 10 crores
d. 5 crores
co
Ans - c
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s.
As per RBI NBFC can not be partner in ......
am
a. partner ship firms
b. limited liability partnership
c. none
x
d. both
Ans - d
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The minimum no.of shareholders required for a public limited company ......
ot
a. 3
m
b. 50
c. 7
ro
d. 1
Ans - c
kp
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The maximum no. of shareholders in public limited company is ......

an
a. 1500
.b
b. 2500
c. 3500
d. No limit
w
Ans - d
w
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In a private limited company the minimum no. of shareholders is ......
a. 3
b. 2
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c. 50
Ans - b
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In a private company maximum no. of shareholders is ......
a. 10
s.
b. 50
c. 200
am
Ans - b
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x
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Minimum no. of directors in a public limited company is ......
a. 4
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b. 3
c. 7
ot
m
Ans - b
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ro
What is the risk weight for housing loans upto 20 lakhs?

kp
a. 50%
b. 75%
c. 100%
an
d. 125%
.b
Ans - a
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Tangible net worth is ......

w
a. Current assets – current liabilities

w
b. Capital + free reserves + surplus – Intangible assets

c. Long term liabilities – long term assets
Ans - b
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Debt equity ratio is ......
a. Term loan/Equity
b. Current liabilities + Equity
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c. Current liabilities + Term liabilities/Tangible net worth
co
Ans - c
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s.
In a partnership firm, the no. of partners cannot go beyond 10 or 20 depending upon the nature of
am
business. The provision regarding this maximum no. of partners is mentioned in:
a. Indian Partnership Act 1932

b. Indian Contract Act 1972
x
c. Companies Act 1956
ne
d. Banking Regulation Act 1949
Ans - c
io
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ot
m

ro
b. two crop seasons

c. one crop season
kp
Ans - d
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an
A bank can prefer appeal on the award passed by Banking Ombudsman within 30 days from the date on
.b
which the bank receives ......
a. Passing Award
w
b. letter of acceptance of Award by complainant

c. the copy of the Award
w

w
Ans - d
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Maximum Project cost under USEP of SJSRY for individual borrower ......
a. 1 lakh
b. 2 lakhs
m
c. 5 lakhs
d. 10 lakhs
co
Ans - d
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s.
Current Account is treated Inoperative/Dormant where there are no transactions in the account for the
am
last ......
a. 6 months
b. 12 months
x
c. 18 months
ne
d. 24 months
Ans - b
io
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ot
Which of the following is treated as indirect finance to agriculture? (i) Loans for construction and
running of storage facilities, (ii) Purchase and distribution of inputs for the allied activities such as cattle
m
feed, poultry feed etc., with loan amount up to Rs. 100 lakh per borrower, (iii) Loans for setting up of
Agriclinics and Agri business centres
ro

kp

an
Ans - c
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.b
A contract made by a minor is ......

w
a. Void ab initio and he can not ratify it even after attaining majority
b. Invalid but he can ratify it after becoming major
w
c. Lawfully valid
w
Ans - a
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The maximum no. of directors in a public limited company can be ......
a. 3
b. No limit
m
c. 12
d. 4
co
Ans - b
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s.
The Memorandum of Association is a document which ......
am
a. Describes the powers of the share holders of the co.
b. Defines the powers of the officials of the company
c. Defines the constitution, objectives, authorised capital and gives names and address of registered
x
office and defines the liability of the shareholders.
ne
Ans - c
io
...................................................
ot
17 years old minor requests the bank to grant a loan against FDR ......
m
a. Bank would accede to the request.

b. Bank would not accede to the request
ro
c. Bank cannot grant a loan but can make a premature payment

kp
Ans - c
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an
Corporate Bank had opened a saving bank account in the name of Mr. Subramanian and Murlidhar
operated as ‘former or survivor’. The wife of Mr.Subramanian, who is nominee in the account comes to
.b
your branch and informs you that Mr. Subramanian has expired a month back. She also hands over the
death certificate and requests for payment of the balance.
w
a. the payment to the nominee will be made on proper identification as she is also having the death
certificate.
w
b. the payment will be made to the wife of deceased being legal heir of the former.
w
c. the payment will not be made as with the death of the former, nomination has been cancelled.
d. the payment will not be made as with the death of the former, survivor gets the authority to operate
the account and nominee comes in to picture only when none of the account holders is available
Ans - d
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substantial interest
a. Section 19 (2) of RBI Act
m
co
d. Section 20 (1) of Banking Regulation Act
Ans - d
s.
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am
A loan of Rs.4 lac. was sanctioned during April 2011 and it started showing irregularity in the month of
Oct 2011. This account will be classified as ...... as on Mar 31, 2013
a. special mention account
x
b. sub-standard account
ne
c. doubtful up to one year
d. doubtful above 1 year but up to 3 year
io
Ans - c
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ot
m
ro
kp
an
.b
w
w
w
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Recalled Questions from Various Bank Promotion Exams / Recent Interviews
SN Question/Answer
m
In case of Time Deposit with a Banking Company, the PAN Card is mandatory if deposits
aggregating is more than Rs. 5 lac during the year or single time deposit is more than Rs.
co
1 50,000/-
Insurance premium for PM Fasal Bima Yojna: 2% for kharif, 1.5% for rabi and 5% annual
2 Crops
s.
What is amount of revaluation reserves that banks can recognize as part of Common
am
3 Equity Tier-1 capital : 55% discount
Time limit for registration under CERSAI : 30 days (extension by 30 days by Central
4 Registrar)
Profit after tax is 40. Interest on Term Loan is 10 and depreciation 10. For a target debt
x
Service coverage ratio of 2, what is amount of term loan instalment : 20 ( i.e. 2 = (40 + 10
5
6
+10) /? + 10)
ne
What is cycle of working capital in turnover method : turnover i.e. 3 months’.
io
As per latest guidelines by RBI in Jan 2016 debit cards and credit cards are now called as
7 ........ as transaction of money is involve: Plastic Money
ot
8 FC rate on purchase of Foreign DD = TT buying rate

9 Partners liability with respect to CC advance of bank to the partnership is unlimited.
m
Bankers’ Book Evidence Act : Inspection of books by order of Court or Judge under
10 (Section 6)
ro
As per KYC norms of RBI, the Officially valid documents for limited purpose of small
kp
11 deposit account, the utility bill not older than 2 months.

Under KYC, incase of a body of individual persons, the beneficial owner is a natural
person, who, whether acting alone or together, or through one or more juridical person,
an
exercises control through ownership or who ultimately has a controlling ownership

12 interest of : 15%.
.b
Under RBI guidelines, a bank can withdraw cheque book facility to a customer who
13 repeats a bounce offence of cheques of Rs.1 cr and above each, on more than four times.
w
XYZ Limited are sanctioned a CC limit of Rs.50 lac. The drawing power in the account
calculated on the basis of available security and margin, is Rs.54 lac. The drawings in the
w
14 account will be regularized with respect to sanctioned limit of DP whichever is lower.

w
Accrual base of accounting : Transaction are recorded/accounted as and when they

15 become due whether actually received / paid or not.
16 Withdrawal of Pre 2005 notes deadline 30-06-2016.
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Fake currency found should be reported in consolidated monthly report to State Police
17 when the number is 4 or less in a single transaction.
Foreign students account – what is first month cap in account = Deposit 1000 USD
m
18 withdrawal max Rs. 50000/-
Savings bank deposit account TDS as per IT Act section 80TTA = TDS not applicable in
co
19 savings bank interest. SB interest up to Rs.10000 is free of income tax.
20 Leverage ratio as per Basel-3 = 3 %
s.
21 SARFAESI Act is not applicable if security is = Agriculture Land
22 Safe custody of article is dealt according to = Indian contact act
am
What is latest currency added in IMF SDR: Chinese renminbi. Currently, the SDR basket
consists of the U.S. dollar, euro, Japanese yen, and pound sterling. Effective October 1,
23 2016, the basket will be expanded to include the Chinese renminbi.
x
24 On which day World Press day or World Press Freedom day celebrated: 3-May
ne
For which book Anuradha Roy has won DSC prize for South Asian Literature: Sleeping on
25 the Jupitor
io
Which country not included in Asian Infr and Investment bank?: USA. The bank has 37
member states. The initiative gained support from 37 regional and 20 non-regional
ot
Prospective Founding Members (PFM). The bank started operation after the agreement
entered into force on 25 December 2015. Major economies that did not become PFM
m
26 include the G7/G8 members United States, Japan and Canada.

27 Under PMFBY, premium rate for annual crop or horticulture crop: 5%
ro
Under RBI guidelines, a bank can stop issuing cheque book facility to a customer who
28 repeats a cheque bounce offence of more than: four times valued at over Rs 1 crore.
kp
29 Cert of deposits - min amount: Rs 1 lac and multiples of Rs 1 lac

30 Current Ratio 1.75 : 1. NWC – Rs 20 lacs. What is Current Assets? Rs 46.67 lacs
an
Projected Sales Rs 20 crore. Current Asset 8 Crs. Current Liability other than Bank
borrowings Rs 2 Crore. What is Working Capital Requirement as per Turnover Method?
.b
31 Rs 5 crores
32 Receivable Rs 20 lacs. Sales Rs 120 lacs. What is Debtor Collection Period? 2 Months
w
Housing Loan upto ------- for Project cost up to Rs.35 lac comes under Priority Sector in
33 Metropolitan Areas where population is 10 lac and above : Rs 28 lacs
w
Construction of house toilets and community toilets for weaker sections comes under
w
34 Priority sector upto ----- Rs.5 crores

35 Retention Period for form 15G/15H obtained at branches? : 07 years
36 Risk weight for Housing Loan Rs. 75 lacs and above under CRE ? :100%
37 ICAAP - Internal Capital Adequacy Assessment Process
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38 Debt swapping means replacement of one loan with another.

39 Bankers are coming under public utility services the act refers to ESMA
40 Fixed monthly pensions to be paid under Atal Pension Yojna is 1000 to 5000/-
m
41 VOSTRO a/c - foreign bank a/c in India with domestic bank
42 IFSC - Indian Financial System Code
co
The loans given to cooperative society for small and marginal farmers must be - % for
43 value outstanding and % of farmers in numbers -75%, 75%
s.
Crossing a cheque – what type of mandate : Payment to payee through account and not
44 in cash.
am
45 NPA doubtful up to 1 year. The provision is ____ % : 25%
46 In a forex transaction, the dealer makes some mistake. What is the risk : Operational risk
Single NBFC exposure for fund based ___ %, for non fund based ___ % : 10% in
x
47 aggregate.
48
ne
Credit Enhancement Guarantee Scheme For The Scheduled Castes (CEGSSC) fee for first
year by MLI : guarantee fee@1% per annum (within 30 days of first disbursement of
loan)
io
What is use of ALM in banks : ALM relates to management of structure of balance sheet
ot
to maximize net earning from interest within the overall risk-preference of the
49 institutions.
m
Which of the following is not a right of customer : 1.good behavior of staff, 2.right of
50 taking loan, 3.timely service, 4.none, 5.all of the above – ANSWER : Right of taking loan
ro
Profit after tax = 35, Income Tax = 5, interest on term loan = 25, interest on WCL = 20,
51 installment of term loan = 45, Depreciation = 15. Find DSCR. : 1.07
kp
Director of your bank approached your bank with FD of Rs. 5 lac. Can you give loan : Yes
52 bank can without any permission.
an
Which WAN was entered in gunnies book of world record for highest cash transactions :
53 Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)
54 Maximum bonus eligibility as per bonus act : Salary Rs.21000. Bonus max Rs.7000
.b
What is break even point: A no profit no loss situation (a sales level where total cost and
w
55 revenue is equal)
56 Safe custody is defined in which act : Indian contract act
w
57 How many days one can retain foriegn currency after returning from foriegn.: 180 days
w
58 Irregularity period to become NPA, duration in short season crops is : 2 crop seasons
59 What is liability of partner in partnership : Unlimited liability, joint and several.
60 What is ARC : Asset reconstruction company
61 What is IBPC stands for .: Inter-bank participation certificate
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Atal pension Yojana :: Contribution of Govt. 50% of total contribution or maximum 1000
62 per annum for 5 years.
Bench Mark Prime Lending Rate (BPLR) system was in force up to 30.06.2010 (from 01-
m
63 July-2010, it was replaced by Base Rate system.
Material Alteration not visible. Protection to paying banker under section is available u/s
co
64 89 of NI Act.
Collecting Banker gets protection against under section 131 of NI Act in case of cheque
s.
65 and Section 131 A for demand draft.
Limit sanctioned to Agro and Food Processing units up to Rs.100 Crore from banking
am
66 system is eligible for priority sector.
Maximum forex that can be retained in form of Currency notes or TC is USD 2000.
67 Balance to be surrendered to AD branch within 180 days or deposited in RFC Account)
x
68 What rate will be applicable when F.C. received in NOSTRO a/c earlier : TT buying rate
69
70 ne
CGTMSE cover eligible for amount upto:Rs.100.00 Lac
OD in PMJDY account upto: Rs.5,000/-
io
Post Harvest Loan against Pledge or Hypothecation of crop produce provided for____
71 months: Loan upto Rs.50.00 Lac period not extending 12 months
ot
Debt Swap meaning: To extend finance to farmers for paying of loan taken from non
72 institution lenders.
m
For Debt Swap purpose loan provided upto: 100% of debt is on account of cultivation or
73 agri activity or with a max. Limit of Rs. 1.00 Lac
ro
74 Shortfall in PS advance, target amount deposited in: RIDF

kp
75 For Standing Instruction relation between bank and customers: Agent and Principal
When Ombudsman’s award is accepted by the customer, the bank is to implement the
76 award within : 30 days.
an
77 Corporate Debt Restructure system is not applicable for : Single lender accounts
Real Time Gross settlement system takes care of which risk : Systemic risk and
.b
78 settlement risk
79 Loan assets are classified by the banks on the basis of : By status of security
w
Under SARFAESI Act 2002 the banks give notice for payment of due amount to the
w
borrower / owner of charged assets within _____ days, otherwise action will be initiated
80 u/s 13(2) of the Act : 60 days
w
81 The minimum & maximum period of certificate of deposit is : 7 days, 12 months

Banks print cheque books having similar particulars. The format of cheque is prescribed
82 by which Act : It is a practice
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Which crossing takes away the feature of assumption of defective free title available to
83 the transferee : Not negotiable
84 Bearer uncrossed cheque can be paid to whom : To the bearer
m
When rate of interest is expressed by adjusting the impact of inflation, this is called
85 _____ : Real rate of Interest
co
For the purpose of creation of equitable mortgage, the place for deposit of the title deed
86 is notified by : State Govt.
s.
87 A prudent investor makes investment in shares on the basis of : Price-earning ratio
88 When the rates are rising, the growing economy : Gains
am
89 Banks can ask for deposit of advance rent for a period up to : 3 years
90 For FCNR (B) deposits, the exchange risk is born by : Bank, accepting such deposit.
As per recent RBI/Govt. guidelines, pensioners can open account jointly with: with
x
91 spouse, to be operated as either or survivor.
92
93
Business correspondents are –Bank agents.
Cent Ratna-PSUndertakings. ne
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94 Pension loan upto 75 years-Rs 500000.
95 Housing loan –Construction/Renovation and extension/Flat not older than 30 years
ot
96 Cent doctor-Eligibility-Pathology and Clinic.

m
97 Savings rate determined by whom-Individual Banks.

98 Nostro account-Our account with foreign bank.
ro
99 Cent Sahayog- MSE.

100 Negative net working capital- Excess of current liability over current assets.
kp
101 Crystallisation- Converting Dollar obligation to rupee obligation.

102 WHO WILL FIX NORMAL TRANSIT PERIOD?-FEDAI
an
103 BALANCE SHEET OF THE COMPANY INDICATES..........use and owe

WHICH TYPE OF CHARGE- POSSESSION IS WITH CREDITOR & OWNERSHIP IS WITH
104 DEBTOR?-Hypothecation
.b
105 THE BANK GURANTEE IS? CONTINGENT LIABILITY

w
THE THIRD PARTY’S LIABILITY IN CASE OF DEFAULT OF PRINCIPAL DEBTOR.WHO IS THE

106 THIRD PARTY? GURANTOR
w
107 N FOREX BUYING RATE IS WORSE THAN CHEQUE BUYING RATE. WHY?Holding cost is high
w
108 Which is not a material alteration-Crossing by holder.

109 THE PAYEE SIGNS THE BACK SIDE OF THE CHEQUE IS KNOWN AS?-Endorsement.
110 ...........PROVIDES BORROWERS CREDIT INFORMATION-CIBIL
111 IN OUR BANK OTS POLICY COMPROMISE SETTLEMENT IS CALCULATED @ 10%
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CREDIT AUDIT IS FOR FRESH SANCTIONS,RESTRUCTURED LOANS -RS 100.00 LACS AND
112 ABOVE.
113 DRI –URBAN- 24000.
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114 Inoperative – 2 years.
115 Lien- Deposits.
co
116 Inchoate instruments are dealt as per : Section 20 of NI Act.
117 Net working capital is 100 and current liability 200. What is current ratio : 1.5:1
s.
For banks in India, the accounting standard Ind AS will be effective w.e.f. Apr-01, 2018.
Banks will start sending proforma financial statements to RBI w.e.f. Sep 2016 as per Ind
am
118 AS.
Atal Pension Yojana, provides a defined pension, depending on the contribution, and its
period. To encourage people to join this scheme, the Govt. will contribute ____% of the
x
119 beneficiaries’ premium limited to Rs. ______ each 50percent. 1000/
ne
Limit sanctioned to Agro and Food Processing units up to Rs.100 Crore from banking
120 system is eligible for priority sector.
What is amount of revaluation reserves that banks can recognize as part of Common
io
121 Equity Tier-1 capital : 45% of the value (55% discount)
ot
Time limit for registration under CERSAI : 30 days (extension by 30 days by Central
122 Registrar)
m
Profit after tax is 60. Interest on Term Loan is 20 and depreciation 20. For a target debt
service coverage ratio of 2, what is amount of term loan instalment : 30 ( i.e. 2 = (60 + 20
ro
123 + 20) / ? + 20)

124 Account is inoperative if no operation for : more than 2 years in SB or CA.
kp
What is amount of working capital in turnover method : Minimum 25% of projected

125 turnover i.e. 3 months’ projected sales.
an
126 Definition of Derivative: Financial instrument that derives its value from underlying.
Under Strategic Debt Restructuring, how much minimum conversion of debt into equity
127 required for restructuring: 26%
.b
As per Framework to Revitalise the Distressed Assets in the economy and Joint Lenders
w
Forum, the decisions on the Corrective action plan must be approved by a minimum of
128 ____% creditors by value and ____% of the creditors by number in the JLF: 75%; 50%.
w
w
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In the case of Credit Guarantee Scheme for Micro and small enterprises, every amount
recovered by the bank and due to be paid to the Trust shall be paid without delay, and if
any amount due to the Trust remains unpaid beyond a period of 30 days from the date
m
on which it was first recovered, interest shall be payable to the Trust by the lending
institution at the rate of: 4% above Bank Rate for the period for which payment remains
co
129 outstanding after the expiry of the said period of 30 days.
130 Revaluation reserves will be part of CET1 at what discount: 55%
s.
Which banks have been named by RBI as Systemically Important banks? SBI and ICICI
131 Bank Ltd.
am
132 Systemically Important Banks will have to maintain more _____ to cover risks: Capital
How much additional capital has to be maintained by SBI as it is a Systemically Important
133 Bank? 0.6%
x
What are the two items that were included for lending under priority sector by RBI in
ne
134 April this year?: i) Renewable energy ii) Social infrastructure
What is the minimum gold deposit permitted under Gold Monetisation scheme?: 30
135 grams of 995 fitneness
io
136 Cheque paid to Bearer instrument - once bearer is always bearer
ot
A customer deposited huge amount in the account, Branch manager has enquired about
137 the same but the customer has not given the details - Branch to report to FIU India
m
Which of the following devices are not Biometric sensitive – a. Hand, b. Finger, c. retina
138 & d.firewall
ro
139 The letter of Administration is applicable - when the customer expired without will
140 Accrual Concept - Interest debited but not collected
kp
141 CRR is defined under which act.: Section 42(1) RBI Act
142 Pendrive is an input and output devices.
an
143 What is crystallization of Bill – converting a foreign currency bill into Indian currency bill.
144 Why dscr used. : To take a decision on term loan proposal
.b
145 Why company required registration : It is a public notice of charge.

146 Latest version of UCPDC : UCPDC-600 w.e.f. 1.7.2007
w
147 Inchoate instruments are dealt as per : Section 20 of NI Act.

w
148 No. of nominees in jointly operated lockers : Max 2

149 Rate of interest to be paid by bank if RTGS fails : Repo + 2% p.a.
w
150 Net working capital is 100 and current liability 200. What is current ratio : 1.5:1
151 Differed Payment Guarantee is : for payment which has been deferred or postponed.
152 Lien not applicable on: FDR
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153 Target for weaker section loan are ____% of ANBC:10%

154 Basel III implementation:31.03.2019
As per Turnover of Rs.______ is , borrower is to be considered as Mid Corporate
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155 Borrower :Up to Rs.150.00 Crore
156 Buy now and pay later is the facility available under : Credit card
co
A financial statement that provides information regarding where the funds have come
157 and where these have been used, is called : Funds flow statement
s.
158 Who can open NRE account : NRI
The minimum capital adequacy ratio implemented in India, by RBI is ____ % and as per
am
159 Basel II recommendations it is ___ % : 9%, 8%
A mandate holder for a current account has died and a cheque signed by him is
presented for payment after his death : The cheque shall be paid, if not dated
x
160 subsequent to date of death or prior to the date of mandate.
ne
Keeping goods in safe custody is as per provisions of (a) NI Act (b) Indian Partnership Act
161 (c) Indian Contract Act : C
io
162 No dues certificate in case of agricultural advances is exempted up to a loan of: Rs.50000
Liability of a coparcener in case of loan raised by HUF is : Restricted to his share in HUF
ot
163 property/assets
In KYC guidelines, the small account where simple KYC is applicable are those account
m
where the amount deposited in the account is restricted to (a) Rs.50000 (b) Rs.1 lac : Rs.1
164 lac
ro
In case of SMEs, the registration is mandatory in case of (a) medium enterprises in

165 servicing (b) small manufacturing enterprises (c) manufacturing medium enterprises : C
kp
What is the maximum amount of loan for obtaining guarantee under CGTMSE of SIDBI :
166 Rs.50 lac
an
A company has been sanctioned cash credit-pledge limit. Internal auditor finds that
charge has not been registered with Registrar of Companies in time. In how much time it
167 is to be done : In case of pledge, not required.
.b
168 Loan system of credit delivery is not applicable in case of : Software industry
w
To sell an NPA, the account must remain in the books of seller bank : for 24 months as
169 NPA
w
One of these is an indirect rate (a) one $ = Rs. 39.56 (b) one pound = Rs. 89.56, (c) one
w
170 yen = Rs. 0..30 (d) Rs.100 = $ 2.60 : D

Which crossing is not recognized by NI Act (a) Special (b) payee’s account (c) not
171 negotiable : B
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Which among the following can open an Resident Foreign Currency account (a) NRI (b)
172 Resident (c) Erstwhile NRI now resident (d) none : C
A loan document is signed by one partner on June 15, 2007, by 2nd partner on June 21
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173 and by 3rd partner on June 29. The period of limitation will start from : June 30, 2007
174 In CAMLES, the word C stands for : Capital Adequacy Ratio
co
A partner wants to retire from the firm XYZ. He has to (a) get consent of other partners
(b) has implied authority to retire (c) has to give public notice (d) can retire when desired
s.
175 by him by giving notice to other partners : A
Service Area approach guidelines withdrawn by RBI except of Govt. sponsored Scheme as
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176 per recommendations of : VS Vyas Committee
Govt. shareholding in public sector banks cannot be below : (a) 33% (b) 51% (c) 74% (d)
177 100 : B
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For micro & small enterprise, the value of _____ is excluded while calculating the value
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178 of plant and machinery or equipment : Land & building.
179 DICGC premium paid by whom?Borne by banks.
180 Base rate determined by whom-Individual Bank.
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181 Cent trade- Maximum-Rs 500.00 lacs
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182 MSME-Computation of finance- 20% OF projected turnover.
183 Cent Combo-Housing and vehicle.
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184 Valuation report(Recovery policy)- RM to accept uptoRs 100.00 lacs.

185 Loan to truck-Hypothecation.
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186 Garnishee order-Relationship- DR/CR.

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187 Pre 2005 –Rs 1000 and below.

188 PM JandhanYohana-Rupay card
189 Deposit receipt payment-Rs 20000 can be cash.
an
190 Nominee eligibility- on the death of depositor.

191 PMEGP- More than 10 lacs-Project cost for Manugacturing-8th qualification.
.b
192 Small manufacturing Enterprises-Maximum investment in PM-Rs 5.00 crores.

193 SLR- 22%
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194 Cent Mortgage-Purpose- Individual as well as business needs.

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195 Maximum forex that can be retained in form of Currency notes or TC is USD 2000.
196 What rate will be applicable when F.C. received in NOSTRO a/c earlier : TT buying rate
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197 RBI Liberalised Remittance Scheme : Max amount USD 250000.

198 Target for loans to Woman Members in SHG in the NULM scheme: 30%
199 Min members in SHG remote area/ or members with Disability : 5 Members
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By 31 March 2019, the Basel capital + counter cyclical buffer will stand at :11.5% (9% +
200 2.5%)
Address change by customer to be conveyed to Bank : within 2 weeks. If it relocation of
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201 account, it is 6 months.
202 Mortgage is transfer of interest in Immovable property. It is not transfer of property.
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Purpose of noting in case of dishonor of bill of exchange : To create legal evidence of
203 dishonour.
s.
Safe deposited locker holder has died. You see a sealed box among other things. As per
the procedure of inventory handling what you will do ? Banks are not required to open
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sealed/closed packets left with them for safe custody or found in locker while releasing
204 them to the nominee(s) and surviving locker hirers / depositor of safe custody article
205 Maximum amount of deposit is Sukanya Samridhi : Rs.1.50 lac per financial year.
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Under which section drawer is not liable if cheque bounces for insufficient funds :
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206 Section 26 (relating to minor)
207 PAN is required when cash transaction is : Rs.50000 and above w.e.f. 1.1.16
208 Full form of LRS : Liberalized remittance scheme.
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The percentage of RRBs outstanding advances which should be for Priority sector loan
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209 before implementation of per new norms of 75% : 60% of Total credit.
CGTMSE fee for women enterprise when limit is above Rs.5 lac : 0.85% p.a. of sanctioned
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210 amount.
Loan up to Rs. ___ for Agro and Food Processing Units for Priority Sector lending
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211 classification : Rs.100 cr from banking system.

212 Govt. has launched project, Save Ganga-Save Dolphins, in which state?: UP
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213 In which state modi has announced River tunnel: J & K

214 Where Commonwealth Games 2018 going to be held: Gold Coast, Queensland, Australia
an
215 From which country Milemine is imported: People’s republic of China

216 NRO account, minimum time period: 7 days
.b
217 Where was 2016 Asian Cricket T-20 held: Bangladesh

After returning from abroad, a resident Indian can retain foreign coins with no limit but
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218 what is the limit for currency and TC: USD 2000
Under SARFAESI - after auctioning of property, purchaser is supposed to deposit 25%
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immediately and rest 75% within 15 days. This 15 days can be further extended by:
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219 agreement in writing between the parties.
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In which state Modi has announced Brahmputra Cracker Polymer: Assam (Hon’ble Prime
Minister Shri Narendra Modi dedicated to the Nation the Brahmaputra Cracker and
Polymer Limited (BCPL) Petrochemical Complex, a flagship project of Assam, and
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220 Numaligarh Refinery Limited’s Wax Plant at (Lepetkata (Dibrugarh.)
The FDI limit under the automatic route for white label ATM operations permitted by the
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221 govt: 100 percent
The Reserve Bank has set the last date for public to exchange pre-2005 banknotes notes
s.
222 as?: 30th June,2016
223 The deadline set by the RBI for banks to meet the Basel III norms : 31 Mar 2019
am
RBI has directed banks to offer loans up to _______ to Women self-helf groups (SHGs) in
224 rural areas at ____% for 2015-16: Rs 3 lakh; 7%
225 What is Working Capital Gap? CA – CL other than Bank Borrowings
x
226 LC definition - conditional guarantee of Importers bank
227
228 ne
BCSBI is autonomous institution registered under Societies Registration Act.
NRLM 2nd dose limit Rs. 1 lac or 5-10 times whichever is higher
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BSBD account to be closed and wants to open regular account , within how many days he
229 can close within 30 days.
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230 ISDN - Integrated Services Digital Network

231 Which of the following can't be partner in a company . HUF
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Why administrator required: When there is no nomination and account is intestate (i.e.
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232 without will)

233 Maximum withdrawals in one month in small account: Rs.10000
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234 Who is business correspondence regarding bank : An agent for the bank
What is relationship between customer and bank in standing instruction : Agent and
235 principle.
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236 Target of loans to micro enterprise to be achieved by 31.03.2016 : 7.5% of ANBC

237 In newly opened accounts, transactions to be monitored by banks : up to 6 months.
.b
For banks in India, the accounting standard Ind AS will be effective w.e.f. Apr-01, 2018.
Banks will start sending proforma financial statements to RBI w.e.f. Sep 2016 as per Ind
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238 AS.
w
What is max loan under Priority Sector that can be allowed for construction of school or
239 providing health care facilities : Rs.5 cr per borrower.
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PM Jandhan Yojana (PMJDY) : Overdrafts extended by banks up to Rs 5,000 in PMJDY

accounts will be eligible for classification under priority sector advances as also weaker
sections, provided the borrowers household annual income does not exceed 100000 for
240 rural areas and Rs 1,60,000 for non-rural areas
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241 SIDBI provide venture capital fund for : Long Term

Mortgage is: A legal agreement that conveys the conditional right of ownership on an
asset or property by its owner (the mortgagor) to a lender (the mortgagee) as security
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242 for a loan.
243 Safe custody of Articles comes under which act: Indian Contract Act
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244 Loan to MSME without Collateral : Rs.10.00 Lac
245 CGTMSE set up by: Govt of India and SIDBI
s.
246 KYC review in every: 6 Months
247 Medium Risk customer KYC to be submitted: 8 Years
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248 Low Risk customer KYC to be submitted: 10 Years
249 After death of account holder: POA signed cheque not to be passed
250 Full form of USB: Ultra Small Branch
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251 PPF Lock in period: 15 Years
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252 In Hypothecation: Both Possession and ownership with customer
The true owner of a cheque has been deprived his right by collection of the cheque for a
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253 different person. This is called : Conversion
A bank branch receives a counterfeit note of Rs.1000, which customer wants back. What
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254 the bank should do : To be impounded and not to be returned in any circumstances.
Banks provide term loans and deferred payment guarantee to finance capital assets like
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255 plant and machinery. What is the difference between these two : Outlay of funds.
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256 Islamic banking has the features of : Conservative banking

257 Which among the Muslims, Christians, Budhists & Jains is not a minority community : Jain
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A, B and C want to open a joint account with the provision that after death of any of
them, the money should not be paid to any legal heir, what mode of operation should be
258 opened : Either or any of them
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259 ECB can be raised under automatic approval by (a) companies (b) firms : Companies
260 Borrowing power of Board of Directors is described in: Articles of Association.
.b
Doctorine of Ultravires borrowing relates to : Borrowing by a company for an activity,

261 which it is not authorized to undertake as per its Memorandum of Association
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Loan of Rs.25000 has been obtained by the depositor against an FDR. Minor is to be
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appointed nominee in the account : Can be done after repayment of the loan. Terms of
262 deposit account will not be allowed to be changed during currency of the loan.
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263 The no. of members in a SHG in SGSY in normal cases : 10-20

Authorised capital is Rs.10 lac. Paid up capital Rs.6 lac. The loss of previous year is Rs.1
264 lac. Loss in current year is Rs.2 lac. The tangible networth is : Rs.3 lac
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265 Net working capital is Rs.80000. Current ratio is 3:1. The current assets are : 120000
CDR in case of SME account (which is not correct) (a) SME financed by any bank for any
amount (b) for corporate account, financing by one bank (c) for corporate account from
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266 many banks for amount above Rs.10 lac : C
267 Right to retain goods is called : Lien
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268 For obtaining loan against shares, the Charge on shares : Lien
A director of the bank wants to raise loan from your bank against (a) FDR of other bank
s.
(b) share of same bank(c) surrender value of Life Policy. Loan can be given against :
269 Surrender value of Life Policy.
am
Bill of lading, Railway Receipt are negotiable instruments under (a) NI Act (b) Sec 3 of
270 Transfer of Property Act (c) Sec 137 of Transfer of Property Act (d) Sale of Goods act : C
Registration of partnership firm is not compulsory but banks prefer registered firms
x
because (a) they can file suit against them (b) creditors can file suit against them (c) they
271 can file suit against their debtors : C
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272 The limitation period u/s 138 of NI Act begins from : Date of cause of action
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Ombudsman can ignore the case of complaint where (a) advocate of applicant has
273 appealed (b) complaint is of frivolous nature : B
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Company increases it networth by revaluation of assets by Rs.50000. Existing Debt equity

ratio was 2:1. the new debt equity ratio would be _____, if long term liabilities are
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274 Rs.80000 : 0.9:1

If BCTT is not deposited on time, the penalty for non-deposit is : Rs.1000 per day for
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275 period of default + 1p.m. interest

BCTT is chargeable in the account of a private limited company if the amount of cash
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276 withdrawal is : more than Rs.1 lac.

A cheque is issued by a company as “pay yourselves”. A clerk from the company comes
an
and signs on behalf of the company and requests for preparation of a demand draft :
277 Cannot be prepared.
Internal rate of return is : A discount rate, at which the net present value of a project is
.b
278 Zero.
279 PMRY age limit of general………..and for SCST ____ (18—35 and 18—45)
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Under SGSY Programme, the minimum number of SHG group of women to be formed :
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280 50%
Subsidy under Agriclinic Agribusiness is ……..%or general and ………….% for SC/ST (25%
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281 and 33.3%)

Small Service industry investment in plant and machinery : above 10 lakhs but upto 2
282 crore
283 Hypothecation defined under which act : SARFAESI Act.
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284 Npa Can Be Sold By Keeping For How Many Days : 2 Years
Remittance of FCNR(B) proceeds to III Party abroad – If AD satisfied, these can be made
285 on the request of the depositor.
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Banks can accept NRE deposit from 1 year to 3 year and can accept beyond 3 years also
286 but the rate of interest payable beyond 3 years
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287 CGFTMSE 80% coverage not available for : SC/ST
288 Oversold position will give loss when the value appreciating
s.
289 Conterfiet notes- 4 notes monthly.
290 Fake note-Impound.
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291 Ombudsman- Rs 10.00 lacs.
292 RTI- 30 days.
293 RTGS- Which code is required-IFSC
x
294 Guarantee by state govt-Risk weight -0%
295
296 ne
Basel 3- Priority-Capital adequacy ratio.
LC- Importer is called as Opener.
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297 Plastic money-Credit card.
298 POA account-Principal/Depositor dies-return
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299 Blue revolution-Acquaculture.

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300 Cent kalyani- No income criteria

301 Remittance to foreign university for education-No limit.
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SARFAESI-Which is not a legal action-Compromise Settlement through Onetime

302 payment.
kp
303 Charge on immovable properties.-Mortgage

304 Cost effective- Internet Banking.
an
By 31 March 2019, the Basel capital + counter cyclical buffer will stand at :11.5% (9%
305 +2.5%)
Under RBI guidelines, a bank can withdraw cheque book facility to a customer who
.b
repeats a bounce offence of cheques of Rs.1 cr and above each, on more than ? four
306 times
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Under Section 140 of NI Act, no excuse is available to the drawer from prosecution if had
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no reason to believe when he issued the cheque that it may be dishonoured on its
307 Presentation.
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Balance in NPA account Rs.100 lakhs. Security value at the time of previous inspection
was Rs.58 but in the fresh inspection, the value is assessed at Rs.28 lac. What provision
308 will be required : Rs.79 lac.
309 House loan above 75 lac and LTV 75%. The risk weight 75 %
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310 Banks will be monitored on excessive leverage build up :: leverage ratio of ___(4.5%)
Under UCPDC-600 what is the time period during which Issuing Bank or Nominated Bank
can cheque the documents to ensure that these are as per LC requirement : 5 banking
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311 days.
Housing loan of Rs.28 lacs in metro can be allowed provided the house cost is not
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312 exceeding Rs.35 lac.
313 Rabi and Kharif insurance premium : 2% for Kharif and 1.5% for Rabi
s.
Under SHG-Bank Linkage Program the ratio of savings linked loans to SHGs by banks can
314 vary from a saving to loan ratio of 1:1 to 1:4.
am
Under Section 140 of NI Act, no excuse is available to the drawer from prosecution if had
no reason to believe when he issued the cheque that it may be dishonoured on its
315 presentation.
x
Noting is the process when the holder may cause the dishonour to be noted by a notary
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public when a promissory note or bill of exchange has been dishonoured by non-
316 acceptance or non-payment.
Club's cheque presented while the treasurer (the authorised signatory) has died : The
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317 cheque shall be honoured.
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A and B joint account. C has power of attorney to operate the account. B dies. The
318 cheque signed by C is presented for payment. : Return the cheque as POA not valid.
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CRR- ceiling/floor: There is no minimum or maximum CRR rate as per RBI Act. Decided
319 by RBI.
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320 Atal Pension Yojana- min investment period: 20 years

321 What is RWA for consumer loans/credit card: 125%
kp
322 RWA for housing loans covered under CGT for low income group: 0%
Definition of Revolving LC: A LC which becomes available again on negotiation of
323 documents under LC.
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What amount of loan amount can be classified under Priority sector for micro and small
324 service enterprise: Rs 5cr
.b
Under SDR, new promoter has to infuse what %age of capital: 20% of bank sacrifice or
325 2% of restructured debt whichever is higher.
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NULM SHG Minimum Members in a group is 5 if not less than ------- % should be from
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326 urban poor families. Ans : 70%

327 Cheque dated 31st June 2015 presented on 30th June 2015. Ans: It can be paid.
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Cash Credit Sanctioned under NRLM. To be eligible for interest subvention outstanding
328 liability should not exceed limit sanctioned beyond ---- days : 30 DAYS
To be eligible for CGMSE cover ROI should not be more than --- % above base rate for
329 loan up to Rs 50 lacs. Base Rate + 4%
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Clean notes should not be more -- % in soiled note sections remitted to Currency Chest :
330 5%
Service Charges charged by currency chest for remittance as per sections RBI act under
331 Section 28
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332 Subvention as per Interest Equalisation Scheme for Exports. Ans 3%
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333 Remittance under Liberalised scheme USD 250000.00
334 No dues Certificate in case of Rural and Urban branches not required.
Loans to Cooperative Society of Farmers for disposing off their produce : Rs.5.00 cores –
s.
335 PS
336 Parallel Run for IRB approach for 36 months i.e. up to 31.03.2017
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337 Above Rs.20 lac under Lok adalat : DRAT Lok Adalat
338 Article of Association – copy kept on record for due diligence
339 As per recent guidelines for Rupay debit card, the card to be activated in 90 days
x
KYC documents to be preserved from the closing of the relationship with the customer -
340
341
5 years
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The record updation for low risk customers as per KYC policy -10 years
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The borrowers to be classified as wilful defaulters the cut off limit is Rs. 25 lacs and
342 above
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Which of the following is considered for calculating cost of sales : 1. depreciation, 2.
343 wages and salaries, 3. selling costs, 4 freight and octroi
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344 Contribution under BEP : selling cost price - variable cost

In a partnership firm, out of three partners, one partner died. The o/s liability is Rs.2.00
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lacs. The other partners deposited Rs.2.50 lacs and withdrawn Rs. 1 lac, how much
345 liability as per Clayton’s rule : no liability
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346 Asset Liability Management measures - NIM

Provision for standard assets are shown in Balance sheet as under Other liability &
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347 Provisions
Whether same Bank directors are eligible for loans against gold, term deposits,
348 approved securities - Yes
.b
Dr Ambedkar Central Sector scheme of interest subsidy on educational loans for

overseas studies for backward. What is the income criteria of parent/guardian is ---lakhs
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: OBC Candidates max Rs.3.00 Lakh Per Annum and EBC Candidates : max Rs.1.00 Lakh
349 Per Annum.
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General provision on standard assets on global portfolio is to be kept in : Under other

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350 liabilities (Schedule-5) of Balance sheet.

351 Expand FATCA : Foreign Account Tax Compliance Act
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Letter of administration is used for : When the deceased has left no will, the person’s
estate managed or distributed as per order issued by court in the form of Letter of
352 Administration.
Banks/FIs should submit the list of suit-filed accounts of willful defaulters of: Rs.25 lakh
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353 & above
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Which one started universal account number for their customers : 1.DRDO 2.NABARD
3.EPF 4.APY 5.RBI : EPFO launched an universal account number (UAN) based member
354 portal to provide a number of facilities to its members through a single window
s.
355 7TH PAY COMMSSION Chairman : Justice Ashok Kumar Mathu
356 Currency note printing press situated at : Nashik
am
357 1 Rupee note re-launched recently at : Shrinathji Temple, Nathdwara, Rajasthan
358 Upto how much investment pancard is required in d mat accounts.
359 Pan card required upto how much in cash transaction : above Rs.50000
x
360 What is minimum tenure for term deposit : 7 days
361
362 ne
Upto how much amount of FD pre mature withdrawals cannot be restricted: Rs.15 lac
Attal Pension Yojna : nomination is mandatory whether customer is married or not.
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363 When customer dies nomination comes irrespective of what name customer gave.
364 What is gov contribute in Attal Pension Yojna 50% or 1000 whichever is lower.
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365 Machine purchased will be .....fixed asset.

366 In selling of loan asset by bank .publication in 2 local news paper within .....7days
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367 Legal audit required in loan amount : Rs.5 cr and above

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368 Clean India cess is : 0.50%

369 PMEGP no income ceilings
kp
PMEGP 8th pass required if project cost is above 5lac in servicing and 10lac in
370 manufacturer
371 Min threshold for RTGS ..2lakh
an
5sutra's for NRLM : weekly meeting, regular saving, intra-group loaning. Bookkeeping
372 and regular recovery.
.b
Change in note by RBI .increase in serial of numbers in ascending order from left to
373 right.
w
374 RBI Liberalised Remittance Scheme : Max amount USD 250000.

375 Target for loans to Woman Members in SHG in the NULM scheme: 30%
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376 Min members in SHG remote area/ or members with Disability : 5 Members
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377 When cash is deposited with bank, it is not bailment

378 NRE Deposited DD of USD 15000 in his account. Which rate will be used:: TT Buying Rate
379 Shishu Loan in Mundra to the extent of : Rs.50000
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A firm has total liabilities of 120. The long term sources are 80 and long term uses are
380 40. The current ratio is 2:1.
381 Forfaiting : Discounting of without recourse medium term export bills
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Accrual concept means: As per this concept income can be taken to profit and loss
382 account when it become due, irrespective whether it has been received or not.
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383 Premium under PMJJBY: Rs 330 p.a.
What is the period of insurance under PM Jivan Jyoti Bima Yojna?: One year at a time.
384 The age for entry is between 18 to 50 years.
s.
At the time of publishing balance sheet, following is not to be disclosed: Rs 1 cr and
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385 above Defaulters
What is Securitization?: A method through which illiquid assets are transformed into
more liquid form which are distributed to a broad range of investors through the
386 medium of capital market.
x
387 ICAAP means: Internal Capital Adequacy Assessment Process.
388 gm gold). ne
Under Sovereign Gold Bond scheme maximum units acquired up to: 500 unit (i.e. 500
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RBI advised banks that their direct lending to non-corporate farmers does not fall below
389 system wide average of last 3 years which was 11.57%
ot
If Garnishee Order without description received , what should be do: Full amount to be
390 attached
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391 Minimum deposit to open BSBDA a/c:NIL

If a businessman start a business with a Capital fund of Rs.3,000,000/- and withdraw
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Rs.25,000/- later. If Net Profit is Rs.1,20,000/- and Tax paid is Rs.20,000/-,what is the
392 position of capital account at last: Rs.3,95,000/-
kp
If long term sources =Rs. 16.00 Lac, Long Term uses = Rs.12.00 Lac, Total Assets =
393 Rs.30.00 Lac, Calculate NWC: Rs.4.00 Lac
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394 When animal rearing is done with regular farming it is called: Mixed Farming
395 Long duration corps are:12 months
.b
396 Provision on secured Sub Standard Loan:15%

397 When banks purchase Govt Security form RBI, it is called: Reverse Repo
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398 Incorrect about RTI: Reason to be mentioned in RTI application

399 BC agent uses which machine: Biometric Machine
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Under PMJDY our bank has tie up with which insurance company for life insurance:
400 HDFC ERGO
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401 Bharti Airtel tie up with which bank for set up a payment bank: Kotak Mahindra Bank
402 Minimum Networth for installing White Level ATMs by a company: Rs.100.00 crore
403 Premium under PMJJBY scheme: Rs.330/-
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404 Premium under PMSBY scheme: Rs.12/-

405 Increase in hour in RTGS by RBI from 8:30 to: 8:00 AM
406 In B region, the reply to letters in Hindi is to be given to the extent of ____ % : 100%
m
Within priority sector target of 40% of ANBC or CEOBE, whichever is higher, the sub-
407 target for weaker section is : 25%
co
A loan to an NBFC for on-lending to individual farmer or SHG or joint liability group is
408 classified as: Indirect finance to agriculture
s.
In case of a jointly operated joint account, the nominee can obtain payment, when :
409 none of the account holder is alive
am
410 SGSY scheme is meant for ____ in ____ areas : BPL, rural
411 Call money deposit is part of the ___ sector : Organised sector
The long term liability to tangible net worth ratio implies : Long term solvency of the
x
412 firm or capacity of the firm to pay long term debt.
ne
413 Current ratio implies : Capacity of the firm to pay current liabilities.
Working capital requirement of a firm is required to be met through : Short term
414 sources and surplus of long term sources over long term uses
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Amount of maximum loan given to micro and small enterprises are covered under
415 CGFTMSE scheme : Rs.50 lac
ot
Housing loan is part of the priority sector advance, with a maximum amount of : Rs.20
416 lac.
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417 The R-returns are submitted by the banks to RBI on : Fortnightly basis
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418 Apiculture relates to : Bee-keeping

A cheque written in different inks and handwriting is presented, for payment : it will be
kp
419 paid if otherwise in order

Which of the following forms will be used for allowing exemption to a depositor aged 61
420 years : Form 15 G
an
An enterprise will be treated as medium enterprise providing services, if the investment

421 in ____ is above Rs.2 cr and up to Rs. _____: equipment, 5 cr.
.b
422 Bank note which is misprinted by RBI is replaced by issuing a ________ note : Star series
423 In CDR category-1, what type of loan accounts are eligible : Standard & sub-standard.
w
Sales / debtor ratio is called _____ ratio. It indicates ____ : Debtor-turnover, efficiency
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424 of collection of debtors.

425 Current ratio indicates : Capacity of a firm to meet its current liabilities.
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426 Conversion means : unauthorized intervention in the property of another person

As per Official language policy for B region, branch target to reply in Hindi letter
427 received in Hindi is : 100%
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Provision for standard accounts in direct agriculture and SME accounts is to be made at :
428 0.25%
429 Risk weight for bill purchased under LC, for capital adequacy purposes is : 20%
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What is the right of nominee in case of term deposit that has not matured : To obtain
430 premature payment and not raise loan against the security of such term deposit
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431 Sengupta committee related to : Private sector contribution to defence sector
432 Radhakrishanan Committee related to : agriculture indebitedness.
433 The committee recommended concurrent audit : GHOSH COMMITTEE
s.
434 CRR & Bank rates are :7.50 & 6.00
am
435 Repo rate is…………..and reverse repo rate is…………… : 7.75% & 6.00
Restructured a/c classified standard if the operation in the account is satisfactory for a
436 period of : one year
x
In case of failure of a customer to meet its commitment in settling his dues in time will
437 come under which type of risk : Settlement Risk
438
ne
Which approach does not Operation Risk : internal risk assessment based
When an account becomes NPA and realizable value of security is ____ the account is
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439 directly treated as loss asset : <10 %
440 ROI on adhoc PCL : Same Rate Of Normal PCL
ot
441 Un Registered Partnership Firm - What is the repercussion: Firm can sue the others
A cheque passed in a current account of an Un Registered Firm having insufficient
m
balance allow OD in the account without any instructions from the Firm. Bank has an FD,
whether bank can recover the amount of OD allowed in the account from the proceeds
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442 of FD? : Yes

443 Whether Minor can nominate ? no
kp
TDS not deducted what is the penalty and for what period: Bank to pay the amount with
444 interest @ 1% p.m. simple
an
Mr.A withdrew cash from the following three accounts maintained in your bank: SB –
Rs.100,000/-, Current – Rs.60,000/-, OD – 40,000/-. What is the amount of BCTT to be
445 deducted: 60/-
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446 What charge to be created for demat shares with bank as security : Lien
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447 Microsoft has instituted its base/ facility office at: Hyderabad
If the date under LC is mentioned as On or about 30.06.2007 – shipment will go within
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448 or when.. (5 days before and 5 days after 30.6.07)

449 66 years of age- Form 15 H.
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450 Demand draft purchaser cantstop payment.

451 Demand draft cant be issued- Ramesh brothers or bearers.
452 Bank prefer SB rather than FD- low cost deposit.
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453 NRO-Returning to Indiacurrency declaration-usd 5000.

454 Aadhar digits- 12.
455 Bill of exchange without date- Incomplete instrument
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456 Rule of claytons rule-Right of Appropriation..
457 Why Information to RTO by bank- Customer wont sell without the knowledge the bank.
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458 Mortgage notified centre- State govt.
459 Repo rate definition- RBI lending to banks against securities on short term basis.
s.
460 Injection of liquidity- Repo Rate to be adjusted.
In Kisan Credit Card Scheme, to calculate the limit for 5 years, the cost escalation is to be
am
461 built in, for assessing the limit for a subsequent year at 10% of previous year limit.
462 Advance against own shares of a banking company is not allowed (Section 20 of B R Act)
The RBI revised guidelines for rehabilitation of MSMEs are applicable for exposure up to
x
463 Rs 25 cr.
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464 Bill of exchange is an unconditional order to pay money to or to the order a person.
Exposure in company on solo basis : 30% of paid up capital + reserves of bank or 30% of
465 paid up capital of company, whichever is lower.
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466 Charges in RTGS for an amount of up to Rs. 5 lac : Rs. 30
Advance of up to Rs.5 Crore can be allowed to units in Social Infrastructure to be
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467 classified in Priority Sector Lending.

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Safe deposit locker rent 7400, break open charges 2000. TDR amount ( 3 years rent +
468 Break open Charges= 24200)
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Balance in NPA account Rs.100 lakhs. Security value at the time of previous inspection
was Rs.58 but in the fresh inspection, the value is assessed at Rs.28 lac. What provision
kp
469 will be required : Rs.79 lac. (it will become a DF-1 account. Provision 7 lac + 72 lac)
470 House loan above 75 lac and LTV 75%. The risk weight 75 %
471 Bank's will be monitored on excessive leverage build up :: leverage ratio of ___(4.5%)
an
Rupay Card insurance cover death and permanent disability (Rs. 1 Lakh to the classic
472 card holdersRs. 2 Lakh to the premium RuPay.
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473 Certificate of Incorporation is eviidence of legal existence (birth certificate of company)

Z agrees to supply raw material to X under LC on a regular periodicity for a period of 10
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474 months. Which LC is more suitable : Revolving LC.

Under UCPDC-600 what is the time period during which Issuing Bank or Nominated Bank
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can cheque the documents to ensure that these are as per LC requirement : 5 banking
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475 days.
In Kisan Credit Card Scheme, to calculate the limit for 5 years, the cost escalation is to be
476 built in, for assessing the limit for a subsequent year at 10% of previous year limit.
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Status Holders exporters are entitled to export freely exportable items on free of cost
basis for export promotion subject to an annual limit of: Rs 10 lakh or 2% of average
477 annual export realization during preceding three licensing years whichever is lower.
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After 1.1.2013, claim under CGTMSE, can be submitted within: a maximum period of
two year from date of NPA, if NPA is after lock-in period or within two year of lock-in
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478 period, if NPA is within lock-in period.
In computing MCLR, which factor is not included: Negative Carry on account of SLR
479 (Negative Carry on account of CRR is included)
s.
480 Sardara singh associated with which game: Hockey
am
Softbank in japan how much invesment in housing project in india: USD 90 Million in
481 Housing.com. Propose to invest USD 10 billion in India
As per KYC norms, in case it is observed that the address mentioned as per ‘proof of
x
address’ has undergone a change, banks shall ensure that fresh proof of address is
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482 obtained within a period of: six months.
In cases where a customer categorised as ‘low risk’, expresses inability to complete the
documentation requirements on account of any reason that the banks consider to be
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genuine, and where it is essential not to interrupt the normal conduct of business, banks
shall, at their option, complete the verification of identity of the customer within a
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483 period of ____months from the date of establishment of the relationship: Six months
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A ‘Small Account' means a savings account in which the aggregate of all credits in a
484 financial year does not exceed: Rs one lakh
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485 RTGS Closing Time : 20.00Hrs ( Timing 8 am to 8 pm )

486 ATM Penalty : Rs 100 if not resolved after 7 working days
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487 SLR w.e.f. 01.04.2016 : 21.25%

488 Pension Service Charges per Transaction : Rs 65.00
489 Agricultural Produce Loan : Rs 50.00 Lacs under Priority Sector
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490 Agri Clinic Project Cost : Rs. 20.00 lac per Individual Maximum
Gold Monetisation scheme Interest will be started after how many days from deposits
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491 of Gold : 30 DAYS

NRLM – Aajeevika LENDING RATES 7% after Intt. Subvention & for prompt Payment
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492 another 3%
Under which of the following circumstances, SARFAESI action can't be initiated : NPA
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493 liability of Below Rs. 1 lac

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494 Foreign citizen wants to open account in India : NRO account

495 Which is nodal agency for implementing PMEGP scheme : KVIC
As per BASEL III , Credit Risk includes standardized approach, Foundation Internal Risk
496 based method and third one : Advanced Approach
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497 A person wants to go to abroad. He can take FC before --- days of his journey – 60 days
498 Recent DD guidelines - A/c payee Rs.20,000 and above
499 The difference of Imports and exports of merchandize - balance of trade
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500 If a trustee expires, the banker has to go though trust deed and act accordingly
501 Premium of PMSBY:12
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502 Maximum age for PMJJBY: 50 years
503 What is reverse repo rate 6%
s.
504 What is maximum loan amount can be given for foreign education : Bank discretion.
505 IBA offers maximum amount for education loan under vocational training. 1.5lac
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506 Full form of CGTMSE : Credit Guarantee Trust for MSE
507 What is CGTMSE coverage upto 5lakh for MSE : 85%
508 What is mortgage : Transfer of interest in the property.
x
A firm has current assets of 200 which among others include, stocks and pre-paid
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expenses of 125. The current liabilities are 160 which also include short term bank
509 borrowing of 40. What is the amount of working capital gap : 80000
PMS Bima Yojna cover accidental death risk of Rs. ____ lakh for a premium of just Rs.
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510 ____ per year: Rs 2 lakh; Rs 12
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Pradhan Mantri Jeevan Jyoti Bima Yojana, covers both natural and accidental death risk
of Rs. ____lakhs. The premium is Rs. _____ per year, or less than one rupee per day, for
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511 the age group 18-50: Rs 2 lakh; Rs 330.

In case of Time Deposit with a Banking Company, the PAN Card is mandatory if deposits
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aggregating is more than Rs. 5 lac during the year or single time deposit is more than Rs.
512 50,000/-
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PAN Card is compulsory for all the new accounts that are being opened with the banking
513 company except in case of opening of Basic Saving Bank Account
in case of cash purchase of bank Drafts / Pay orders / Banker’s cheque, the PAN Card is
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514 mandatory if the amount aggregating exceeds Rs. _______ in a day: Rs 50,000
In case of Cash deposits with the Banking Company exceeding Rs. _____ in a day, then
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515 the PAN Card is compulsory: Rs 50,000

Atal Pension Yojana, provides a defined pension, depending on the contribution, and its
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period. To encourage people to join this scheme, the Govt. will contribute ____% of the
beneficiaries’ premium limited to Rs. ______ each year, for five years, in the new
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516 accounts opened before 31st March 2016: 50%; Rs 1,000.

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517 Full form of MTSS: money transfer service scheme

In Atal pension Yojana,fixed pension amount at the age of 60 depends up on age and
518 contribution: Rs1000- Rs5000.
519 The India- led BRICS Bank was launched in: China
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As per RBI guidelines, an external Auditor may be appointed as concurrent Auditor for a
520 period of: 1-3 years.
A credit card outstanding becomes a bad loan when the minimum amount is not paid
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521 within ______ days form the _______: 90; payment due date
522 PMFBY is for : All farmers and all crops
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523 Maximum amount of Suit in Lok Adalat: Rs.20.00 Lac
524 Eligible Amount of suit in DRT: Rs.10.00 Lac & above
525 NPA are sold to : ARC
s.
Time Limit for registration in CERSAI: 30 days (30days plus 30days condonation with
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526 payment of penalty).
527 How many banking ombudsman in India:15
528 Benefit of registration of a firm: Power of file case in court by firm against 3rd parties.
x
What is Certificate of Incorporation in term of Company: Filed the legal documents with
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529 the registrar of companies at their jurisdiction for registration of company.
Number of document required for opening of account of sole proprietorship firm: Two
530 mandatory documents of proprietary concern
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In how much month notice to Non-KYC compliant customer, after how much time
531 account should be freeze: 3 months notice
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OBC Parivar SB scheme, minimum combined balance: In Metro/Urban Rs.1.00 Lac,

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532 SU/Rural Rs.50,000/-

533 Maximum Lock in period for Tax saver FDR: 5 Years
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RRBs and UCBs, to start TDS at source at interest of Rs.10,000/- or above from which
534 date: 1st June 2015
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Delay in disbursement of revised pension and arrears, compensation by bank: @8%

535 fixed rate
536 Delay in RTGS/NEFT/NECS/ECS, compensation @: RBI LAF Repo Rate+2%
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In PMRY, what is the income criteria for borrower’s family and borrower’s parents :
537 Annual income from all sources should not exceed Rs.1 lac, each, separately
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538 The terms used for hiding money to avoid tax is : Money laundering
539 A cheque is written in different hand-writings and different inks : It will be paid
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540 Opening of non-resident accounts by _____ has been allowed by RBI : RRBs
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541 Bailment of goods by a person to another person, to secure a loan is called : Pledge
When mortgage is created by a person by deposit of title deed orally, it is called ____
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542 mortgage : Equitable

Which crossing is not a general crossing : When name of bank is written within or
543 without parallel lines.
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BCTT is levied in case of a partnership firm’s account, when the amount of withdrawals :
544 exceeds Rs.1 lac
For acquiring securities charged to the bank under SARFAESI Act, a notice of ___ days is
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545 required to be sent to the owner of the securities: 60 days
The drawer of a cheque wants that the endorsee should not get a defect free title when
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he receives an endorsed cheque. What type of crossing would be required : Not-
546 negotiatiable crossing.
547 The crossing on a cheque is required to be cancelled. Who can do so: Drawer
s.
A cheque signed by an agent is presented for payment, after his death. What will the
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paying bank do : Cheque will be paid in normal course if it is not dated subsequent to
548 date of his death.
A bank can sell its NPA account to another bank, if the NPA is held by the seller bank
549 with it for ____ month as NPA : 24
x
Unutilised overdraft limit of a borrower is available and a garnishee order is received :
550
551
Order is not applicable
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Under SGSY, the no. of women self group should be ___ % of the total groups: 50%
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NSC pledged with post office with nomination in favour of XYZ. Bank’s claim against
552 these NSCs : Will have priority
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553 Legal status of nominee is that of a : Trustee for legal heirs

M, a minor admitted for benefits in a firm wants to withdraw from the firm on attaining
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majority. How much time is available to him to do so : 6 months from date of majority
or 6 months from date of information to him that he was admitted for benefits,
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554 whichever is later.

Loan to minor can be given in the following case (a) against DBD (b) against LIC policy (c)
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555 in the name of minor (d) in the name of father : in the name of father
556 Who cannot be a partners (a) HUF (b) illiterate (c) Blind person (d) company : HUF
an
Money to be deposited by A in the account of B. A has informed that B has become

557 insane : can be deposited with consent of the family members (i.e. guardian)
What is the position of a Nominee ?: The money will be paid to nominee after death of
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558 depositor
Methodology of Waiver/Remission of loan of Director of the bank: After permission of
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559 RBI
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Under LRS how much money in 000 a resident can remit in year : US D 200000 in a
560 financial year.
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For the purpose of Medical Treatment, how much amount can be remitted freely : USD
561 100000
562 How much amount a company can invest abroad : 400% of net worth
563 Interest on Sovereign Gold Bond scheme is 2.75%
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Foreign students account – what is first month cap in account = Deposit 1000 USD
564 withdrawal max Rs. 50000/-
565 Capital market total exposure = 40 % of net worth of previous year
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566 Education loan eligible for NCGTC guarantee : Max 7.50 lac
567 ROC authority to allow extension of registration of charges period : 270 days
co
Amount of Loan is Rs 4.00 Lacs delay between 51 to 59 days amount of fee : Rs.500/ (10
times) 39. Loan amount Rs.68.00 Lacs in NPA amount of claim under CGTMSE other
568 category Rs
s.
Under SARFAESI a notice of .....days is to be given to the borrower in writing to
discharge his liability in fulfilling which the secured creditor shall excercise his rights
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569 under sec 13(4) : 60 days
Advance against own shares of a banking company is not allowed as per Section 20 of
570 Banking Regulation Act.
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571 PAN details and 15G are not provided by a customer. The TDS rate will be 20%.
572
573 ne
Failure to file TDS return Rs.10000 to 100000. (Section 271H of Income Tax Act)
Bank Customer Relationship in standing instruction is Agent- Principal
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In Garnishee order the proceeds of Cheque sent for collection / in clearing are not
574 attachable.
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575 In Garnishee Order if amount is not specified, the entire account proceeds are attached.
Risk weight of loan sanctioned to staff secured by mortgage and Superannuation
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576 benefits is 20%.

577 In case of crossed cheques, payment to agent of the bank can be made in: cash also.
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In case of partnership, if one of the partners die, liability of estate of deceased partner
578 will be: amount outstanding at the time of death minus credits if any.
kp
Where is Chabahar port: Iran (The Port of Chabahar (or Chah Bahar) is a seaport in Chah
Bahar in southeastern Iran. Its location lies in the Gulf of Oman. It is the only Iranian
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579 port with direct access to the ocean)

580 In acronym, IBSA, B for Brazil, SA for South Africa, I stands for: India
581 Recently Sayeed Zafri died, which field he belonged to: actor
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Banks may, at their discretion, reckon foreign currency translation reserve arising due to
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translation of financial statements of their foreign operations in terms of Accounting

582 Standard (AS) 11 as CET1 capital at a discount of: 25%
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Bank can file appeal against award of the Banking Ombudsman within how much period:
583 within 30 days from accepting award by complainant.
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KYC Compliance for fresh address if transferred. New addressed to be submitted in : 6

584 months
585 Independent Operation by Minor as per RBI Min Age : 10 yrs
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586 NRI joint account in NRE account with Resident with Former or Survivor Clause
587 Joint Lending forum – JLF Arrangement Applicable for amount : Rs 100 Cr & above
588 ESOP Loans for company employees: 90% Max Rs 20 lacs
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589 SFMS : structured financial messaging system
590 Minimum Loan to be granted under Tarun Scheme : Rs. 5.00 lacs & above
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Which of the following will not consider for obtaining KYC documents : 1. family history
591 2.anticipated turnout
s.
If a customer has deposited some amount for specific purpose, in this case bank has to
592 act as - trustee
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Z has given a guarantee to X. Now, Z has repaid the loan to the bank, now the guarantor
593 is having the right of subrogation
Under APY scheme the remittance can be made by the customer ------ periodicity
x
594 monthly
595 The conversion of physical shares into electronic form is called Dematerialization
ne
A firm has capital and reserves of 60 and goodwill 10. If the long term liabilities are 50,
current assets 75 and current ratio 1.5:1, what is total outside liabilities to tangible net
io
596 worth ratio ? : 2:1
597 Tangible Net worth Means - Total Paid up Capital + Reserves - Intangibles
ot
Authorised capital is Rs.10 lac. Paid up capital Rs.6 lac. The loss of previous year is Rs.1
598 lac. Loss in current year is Rs. 3 lac. The tangible net worth is : Rs.2 lac
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599 Articles of association is meant for - internal activities of the company

What is provision for doubtful assets for 1 to 3 years - 40% of RVS + 100 unsecured
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600 portion
601 What is the maximum ceiling for NEFT transaction - no ceiling
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602 How much interest to be paid on crr balances to be maintained by banks – no interest
603 Under which section Cash Reserve Ratio is defined - Sec 42 (1) of RBI Act
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604 Nominee status - Trustee of legal heirs

In Sovereign Gold Bond Scheme (SGB) 2015 what is the maximum amt/grams : 500
605 GRAMS
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606 In Jan 2016 which country announced economic crisis : France

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607 Payment bank can not : Provide loans

608 What is the capital amount for Atal Pension Yojana Mission : 500 crores
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609 P notes are : Participatory Notes

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Interest not serviced in CC account upto 90 days and credits not sufficient for interest
610 and security is below 30 % the account is to be classified as : NPA
For LC assessment which is not considered - 1.sundry debtors, 2.usance period,
611 3.purchases of RM on LC basis, 4.lead time and transit period : Sundry Debtors
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When calculation of CRR, SLR which is a component: 1.Paid Up Capital, 2.Reserves,

612 3.Any loan taken from RBI, 4.Net Income Tax Provision 5.None : Answer - None
Time norm for sick MSME loan for the rehabilitation package - should be fully
implemented by banks within ------ from the date the unit is declared as potentially
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613 viable/viable : 90 days
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614 How many member in JLG – 4 to 10.
615 Last date for return of pre-2005 printed notes : 30 June 2016.
616 Which type of guarantee is deferred payment guarantee : It is a financial guarantee
s.
617 Maximum loan amount against share : Rs.10 lac if paper and Rs.20 lac if demat
A /c payee for FD up to 20000 maturity amount is defined under which act : Income Tax
am
618 Act
619 Flying club administrators died . cheques presented .will pay
620 Weaker section target 10%
x
621 What is a branch called in CBS .Sol
622 seller....revolving LC ne
which type of LC will you issue where there is regular dealing between buyer and
io
What is noting : Writing the details of dishonour on bill of exchange or separate paper,
623 by Notary Public.
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624 CFT full from. Combating of finances to terrorism

625 What is margin required for study abroad : 15% when amount is above Rs.4 lac.
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What is RWC in case .where dealer decided to convert the currency back in India rupee .
626 if not taken by customer. 100%
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627 Preshipment will be finance on basis of ..... Free on Board Value (FOB)
kp
MUDRA is a new institution set up by Government of India to provide funding to the

noncorporate, non-farm sector income generating activities of micro and small
628 enterprises whose credit needs are below Rs. _______: 10 Lakh.
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Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three
products i.e. 'Shishu', 'Kishore' and ‘Tarun’ as per the stage of growth and funding needs
of the beneficiary micro unit. Shishu covers loans up to Rs.______. Kishore covers loans
.b
above Rs. ____and Tarun covers loans above Rs. ____: 50,000; 50,000 and up to
629 5,00,000; 5,00,000 and up to 10,00,000.
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630 RBI can issue bank note with highest denomination: Up to Rs.10000
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631 Govt. of India can issue currency note in denomination of: Rs 1.

632 Concurrent Audit should cover at least ___ of deposits & advances of a bank: 50%
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According to RBI’s debt restructuring scheme, bank must hold at least ________% stake
of the borrower company post conversion of debt into equity, so it can effect a change
633 in management : 51
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634 Minimum Promoters contribution for small and payment bank : 40% for first 5 years
635 Factoring : Purchase of inland short term receivable / book debts
636 Full form of TReDS : Trade Receivables Discounting System
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Gold Monetisation scheme. Interest on medium term deposit: On medium term deposit
637 – 2.25% p.a.; On long term deposit – 2.50% p.a.
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638 Payment bank what is the minimum paid up capital: Rs 100 crore
639 Minimum amount for Commercial Paper: Rs 5 lac and multiples of Rs 5 lac
s.
640 BCSBI is under : An autonomous body
641 Digital vault started by which bank?: ICICI Bank
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642 Full form of USSD: Unstructured Supplementary Service Data
643 Daily Maximum withdrawal limit of Rupay ATM card:Rs.25,000/-
For purpose of Priority Sector, construction of house based in Urban area where
x
population above 20 Lac ,loan amount is ______ and House cost is______:Rs.28.00 Lac
644 and Rs.35.00 Lac
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645 Personal Accident cover and permanent disability insurance cover in PMJDY: Rs.1.00 Lac
Accrual Accounting means: that expenses and revenues are recorded in the period they
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occur, whether or not cash is involved. The benefit of the accrual approach is that
financial statements reflect all the expenses associated with the reported revenues for
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646 an accounting period.

647 Current ratio indicate: Liquidity of the firm
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648 Networking capital shows: CA-CL

Charge of transaction above free transactions while using ATM Card in other bank’s
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649 ATM:Rs.20/-
650 Credit Guarantee Corpus for MUDRA Bank: Rs.20,000/- crore
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Education Loan limit for abroad to be considered under Priority Sector: Upto Rs.10.00
651 Lac irrespective of sanctioned amount
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652 Customer meeting to be hold at branch on which day of month: 15th of every month
653 Standard Score under CIBIL: 300 to 900
Which bank started technical channel and programme to educate its customer: ICICI
.b
654 Bank
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Tax Incentive on Debit card to be implemented in PMJDY account ATM CARD also,
655 presently in which country:
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The increasing foreign exchange reserves in India are costly because : Funds are idle and
656 there is fluctuation risk
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Who is appointed to tackle public complaints against the public authorities :

657 Ombudsman
658 What is NOSTRO: A bank’s account abroad with another bank
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On, other than a negotiable instrument, what is the time period for payment of stamp
659 duty, if the document is executed outside India : 3 months
Within priority sector, a retail trader other than in essential commodities can be allowed
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660 an advance up to : Rs.20 lac
661 FCNR (B) deposit can be accepted by banks in ____ currencies : 6
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662 May I help you counter is to be provided by bank branches other than : Small branches
What was increased by RBI to the extent of 0.5% in the first quarterly review of annual
663 policy in July 2007 : CRR
s.
664 Star series notes relate to : Defective notes
am
665 The target for DRI advances is : 1% of previous year’s outstanding loans
666 Who cannot become a partner as per Supreme Court judgement : HUF
What is the maximum period for which an account classified as sub-standard, can
x
667 remain : 12 months
ne
A company wants to electronically pay the dividend to large no. of its shareholders,
668 which include small amounts also : Electronic Clearing Services – Credit (ECS-Credit)
Service fee in case of CGF-MSE guarantee cover is ___ % of ____ : 0.75%, sanctioned
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669 limit
In educational loan no collateral security or 3rd party guarantee will be obtained, if the
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670 amount of loan is maximum up to: Rs.4 lac.

671 NRE term deposit can be accepted by banks for a period of : 1 to 3 years.
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In PMRY cases, the amount of margin and subsidy should be ___ % of the ____ : 20%,
672 project cost.
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A loan associated with a short duration crop, becomes sub-standard after remaining
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673 special mention account for a period of : two crop seasons

Interest subvention of 2% is available to banks from Govt. when the short term
production loan up to Rs. ____ lac jin agriculture is allowed by banks at ____ % rate of
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674 interest to farmer: 3 lac, 7%

Under liberalized remittance scheme what is the maximum amount that can be
.b
675 remitted by a resident person abroad for unspecified person: $ 2 lac in a financial year.
If an SSI units holds a margin of Rs.25 lac and its projected sales are Rs.400 lac, its
w
working capital limit will be : Rs.75 lac (margin being more, the limit will be lower by
676 that amount).
w
677 Preshipment credit is available in which type of letter of credit : Red clause
The quarterly financial results of companies and banks are to be declared / published
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678 under directions provided by : SEBI

679 RBI injects liquidity through : Repo
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Collateral security in case of PMRY advances is exempt up to : Loan of Rs.5 lac in case of
680 industry projects per borrowal account and Rs.2 lac for business/servicing per borrower.
681 What is full form of FRBM : Fiscal Responsibility & Budget Management Act
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Relationship between bank and customer in case of goods left by mistake in custody of
682 the bank: Trustee & beneficiary
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683 Priority sector target for foreign banks: 32% of ANBC
Loan up to Rs. ___ for Agro and Food Processing Units for Priority Sector lending
684 classification : Rs.100 cr from banking system.
s.
In the case of Credit Guarantee Scheme for Micro and small enterprises, every amount
am
recovered by the bank and due to be paid to the Trust shall be paid without delay, and if
any amount due to the Trust remains unpaid beyond a period of 30 days from the date
on which it was first recovered, interest shall be payable to the Trust by the lending
x
institution at the rate of: 4% above Bank Rate for the period for which payment remains
685 outstanding after the expiry of the said period of 30 days.
686
687 ne
NRO account, amount of repatriation USD 1 Million
What is RWA for consumer loans/personal Loan: 125%?
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688 Who cannot be partner in partnership firm as per SC order: HUF?
689 Garnishee order will attach the following : FDR which is due after one year
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690 Receivable Rs 20 lacs. Sales Rs 120 lacs. What is Debtor Collection Period? 2 Months
Pari Pasu charge in consortium finance means share in security according the ratio of
m
691 their loans.

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NPA classification in Consortium advance is based on record of recovery at individual

692 banks rather than classification by other banks.
kp
The RBI revised guidelines for rehabilitation of MSMEs are applicable for exposure up to
693 Rs 25 cr.
694 Bill of exchange is an unconditional order to pay money to or to the order a person.
an
Deposit is classified as bulk if the single amount is Rs.1cr and above (Rs.15 lac and above
695 in case of RRBs).
.b
Exposure in company on solo basis : 30% of paid up capital + reserves of bank or 30% of
696 paid up capital of company, whichever is lower.
w
Classification of deposit to be as Unclaimed Deposit if account is not operated at least

697 for 10 years. It is to be transferred to DEAF.
w
w
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Equity investments by a bank in a subsidiary company, or a financial services company,

including financial institutions, stock and other exchanges, depositories, etc., which is
not a subsidiary should not exceed ____per cent of the bank’s paid-up share capital and
reserves and the total investments made in all subsidiaries and other entities that are
m
engaged in financial services activities together with equity investments in entities
engaged in nonfinancial services activities should not exceed ___ per cent of the bank’s
co
698 paid-up share capital and reserves: 10%; 20%.
699 Who cannot be partner in partnership firm as per SC order: HUF
s.
As per KYC norms, where the customer is an unincorporated association or body of
individuals, the beneficial owner is the natural person(s), who, whether acting alone or
am
together, or through one or more juridical person, has/have ownership of/entitlement
to more than ____per cent of the property or capital or profits of the unincorporated
700 association or body of individuals: 15%
x
701 Garnishee order is issued by: Court
ne
As per Gold Monetisation scheme, short term deposits made with a bank will be treated
702 as: onbalance sheet liability
703 Who is Bhubaneshwari Mishra: Oria Singer who died in Feb 2016
io
704 Who is Brand ambassodor for Nissan?: Rohit Sharma
705 Credit Guarantee Cover under Educational Loan upto Rs. 7.50 lacs under IBA Model
ot
706 Decree Awarded that cannot be appealed in any Court- Lok Adalat
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Interest on FD after death of the Depositor : Contracted Rate + prevailing SB rate if died
707 before contracted date
ro
Red Flagged account reporting of Fraud :within a week of its classification as Fraud
708 amount Rs. 50 crores
kp
709 Penalty for remitting Fake notes – 100%

710 Marginal Cost ( MCLR ) replaced Base Rate : wef 01.04.2016
an
711 UCP 600 reporting of discrepancy by nominated bank : Five banking business days
Mr X taken loan from bank and guarantor is Mr Y. Mr X is not paying amount. Bank has
recovered the amount from Mr Y. Then Mr Y can recover the amount from Mr X. This is
.b
712 called : Right of subrogation

As per RBI guidelines, the exposure norms for single and group borrowers for
w
infrastructure projects are stipulated at …… & …… of : 20% and 50% of capital fund of
713 the bank.
w
714 Currency acceptable for FCNR(B)/RFC Deposits is : Any convertible currency

w
In Joint Lender Form, the decisions agreed upon by a minimum of ------------ of creditors
by value and -------------- of creditors by number would be considered as the basis for
715 proceeding with the restructuring of the account : 75%,60%
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In KYC the concept of obtension of due diligence means : verification of customer on the
716 basis of proof of identity and proof of address.
Banks have been asked to examine cheques under UV lamp. This is applicable if the
m
717 cheque amount goes over : Rs.2 lakh
Which of the following is a payment in due course : 1.Crossed Cheque – payment made
co
to agent of collecting banker, 2.payment to forged cheque, 2.cash payment to crossed
cheque, 4. bearer cheque paid despite forged endorsement : Payment to agent of
718 collecting bank.
s.
719 For increasing financial inclusion which won started : PMJDY
720 Axis Bank launches display Debit Card for : NRE customers
am
721 7th Pay Commission Chairman : Justice Ashok Kumar Mathur
722 Mint coins regulated by : Govt. of India
Startup India campaign is based on an action plan aimed at promoting bank financing for
x
start-up ventures to boost entrepreneurship and encourage start ups 83 Within ____
723
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the bank which has red flagged the account or detected the fraud would ask the
consortium leader or the largest lender to convene a meeting of the Joint Lenders
Forum (JLF) to discuss the issue : 15 Days
io
724 RFA reminder to be sent within -----------------days : 15
ot
An American visited India. Which account can be opened: NRO saving or current
account. 86 If security erosion is ___% an account will be directly classified as loss asset :
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725 90% or more

726 Agricultural lending target 18%
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727 Pledge is bailment of good for securing a loan

728 Power of Attorney given by A and B to C. A died. Cheque presentation by C : will not pay.
kp
729 Maximum solar energy loan to individual : Rs.10 lac

730 To inform police on receive of 4 counterfeit notes : on monthly basis
an
731 What is not a KYC. to know family history.

732 Updation of KYC to low risk customer: once in 10 years
733 What is the annual premium under PM Jeevan Suraksha Bima Yojna?: Rs 12
.b
734 FDI In White Level ATM : 100%

735 Expand ASBA: Application supported by Blocked amount
w
Insurance premium for PM Fasal Bima Yojna: 2% for kharif, 1.5% for rabi and 5% annual
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736 crops
737 Banking hatke is the tagline of: IDFC bank
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738 Maximum foreign investment in Public sector bank: 20%

739 Gold Monetisation Scheme: MTGD interest rate: 2.25%
Under LRS scheme any resident individual can remit abroad upto : $2,50,000 per person
740 per year
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741 FCNR account in OBC can be opened in how many currency: 6

Monthly report to Police in case of how many counterfeit notes: Detected up 4 piece in
742 a single day, will be reported to police on monthly report on Annexure II
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743 Maximum amount for Locker in form FDR: 3 years rent plus breaking charges of locker.
744 Maximum deposit under PPF a/c: Rs.1.50 Lac
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745 Rate of Interest in Sukanya Samridhi Account: 9.20%
746 Interest paid by RBI on cash deposit by banks with RBI: NIL
s.
Cushion of ______ minutes to avoid any rejection in massage transmission on RTGS
747 under revised timing: 15 Minutes
am
748 Bhartiya Mahila Bank is which type of bank: Public Sector Bank
Under PMJDY , time limit for reporting claim for accident insurance cover: Within 90
749 days of accident.
x
750 Two Legal Opinion in Housing Loan of amount more than: Rs.50.00 Lac
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751 Newly opened account in how much time it should be reviewed: 6 Months
752 What is the age limit in PMSBY: 70 Years
753 Angular bleed line not present in which type of notes: Rs.50/-
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754 Mandatory id Proof for DEMAT a/c: PAN Card
ot
755 Interest subvention on SME exporters is available to the extent of : 2%
BCTT provisions are applicable on partnership where the cash withdrawal is : More than
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756 Rs.1 lac

A firm is allowed a limit of Rs.1.40 lac at 30% margin. It wants to avail the limit fully.
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757 How much will be the value of security : Rs.2 lac

Statutory Liquidity Ratio provisions for banks are as per Section _____ of _____ : 24,
kp
758 Banking Regulation Act 1949

What is the maximum loan that can be allowed to a dealer in cattle feed / poultry feed,
759 within priority sector : Rs.40 lac
an
An NRI can open a joint account with a resident in case of ___ accounts : Non-resident
760 Ordinary.
.b
761 What type of charge is applicable on loan against term deposits in a bank : Assignment
Weaker persons of the society available deposit and loan services from banks, which is
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762 called : Financial inclusion

763 Customer day is observed by banks on ____ th of the month : 15
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764 Minimum no. of days for which term deposit can be made by banks : 7 days
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Under 15 point program of Prime Minister, the no. of minority dominated districts in
765 India is indicated as : 121
For select exporters, the maximum interest subvention allowed to banks is ___ % but
766 the rate of interest to be charged from exporters should be minimum ___ % : 4%, 7%
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A retail trader in other than essential goods is financed by the bank. What is the
767 maximum amount of such loan that can be classified under priority sector : Rs.20 lac.
768 What type of bench mark is used for lending in banks : Benchmark Prime Lending Rate.
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Mortgagee enjoys the income of the mortgaged property in case of which mortgage :
769 Usufructuary
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Hypothecation becomes pledge : when goods are given for possession to the bank, by
770 the borrower.
Which scheme has been abolished with introduction of senior citizen deposit scheme :
s.
771 Varishat Bima Pension Yojna
am
An NPA account is restructured on June 30, 2003 with the provision that first instalment
shall be due on Dec 31, 2003. Amount deposited on Dec 30, 2003. The account will
772 become standard, if instalments are regularly deposited: Dec 31, 2004.
x
773 Which type of fraud case is not to be reported : Theft and burglary.
There is excess cash with the cashier while closing the cash balance in the evening. It is
774
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to be deposited in : Sundries account excess cash received account (credit balance).
Which document is required to be attested (witnessed) (a) mortgage deed (b) pledge
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775 agreement (c) Hypothecation agreement : Mortgage deed
No. of bank branches in India is (a) above 40000 (b) above 50000 (c) above 60000 (d)
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776 above 70000 : Above 70000

Housing Loan upto -- -- -- - for Project cost up to Rs.35 lac comes under Priority Sector in
m
777 Metropolitan Areas where population is 10 lac and above : Rs 28 lacs

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778 Retention Period for form 15G/15H obtained at branches? : 07 years

779 For farm Mechanisation for financing of tractor the minimum land holding is : 2.5 acre
kp
For filling a complaint under Consumer Forum the limitation period : 2 Years from date
780 of cause of action arises
Claused bill of lading : Receipt issued by shipping company indicating defective packing
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781 of goods.
782 For MSME loans, up to what amount collateral security is not required Rs.10 lacs
.b
In cse of single or Individual borrower the exposure ceiling as fixed by 15% which can be
783 Further extended in case of infrastructure by: 5%
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Bank paid amount in INR after conversion of USD @68.63/68. For 30000/ Dollars with 5
paise per dollar commission what amt to be credited in customer account. Ans:
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784 2057400/-
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Under Basel-3 Liquidity Standard Framework, the total carve-out from SLR (statutory
785 liquidity ratio) available to banks would be 10 per cent of their NDTL.
Dealer entered in spot position on 25-Feb-2016 (Thursday). The funds settlement will
786 take place on 29-Feb-2016 (exclude SAT/SUN)
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Charges in RTGS for an amount of up to Rs. 5 lac : not exceeding Rs. 30 and Rs.55 above
787 Rs.5 lac (including time varying tariff)
788 Negative lien is undertaking from borrower not to create any charge on his property.
m
Advance of up to Rs.5 Crore can be allowed to units in Social Infrastructure to be
789 classified in Priority Sector Lending.
co
TDS to be deducted if interest income exceeds Rs.10000 in a FY in FD/RD account for
790 bank as a unit.
Safe deposit locker rent 7400, break open charges 2000. TDR amount ( 3 years rent +
s.
791 Brekopen Charges= 24200)
am
792 Interest on Sovereign Gold Bond scheme is 2.75%
In which context Harpal Singh got Queen Elizabeth prize: The CEO of Cancer Research
UK and UICC Board member Harpal Singh was knighted for his “hugely influential” work
x
793 on prevention and treatment of cancer.
Girja Devi has been awarded Padma Vibhushan, which field she belongs to: clasical
794
795
singer
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Where is Indian National Defence University: Gurgaon
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796 Pan card is compulsory for sale purchase of goods above: 2 lacs
797 Which parade troop has got best award in 26th Jan 2016 parade: Assam rifles
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798 How much is foreign investment in Pub sector Banks: 20%

799 Accelerated Provisioning in case of Secured substandard Assets : 25% ( normal is 15%)
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800 Provisions in respect of restructured Asset : 05%

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801 SDR account will remain in same Category for a period of 18 months
802 Counter Cyclic Buffer : 00 to 2.50%
kp
803 Provision for Default/Credit risk : 2.5%

804 Capital Market exposure should not increase 40% of net worth of previous year
Profit before tax Rs 150; Tax Rs 40; Depreciation Rs 30; Interest on Term Loan Rs 30;
an
805 Annual instalment of term loan Rs 70; what is Debt Service Coverage ratio: 1.7.
806 For PMEGP loans, up to what amount collateral security is not required Rs.10 lacs
.b
For MSME customer Rs. 25 lacs granted with CGTMSE guarantee, how much collateral
807 security is to be taken : NO COLLATERAL SECURITY
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808 For NULM loans : No collateral security

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809 For coverage under CGFTLIG what is maximum limit - Rs. 5 lacs
Materially altered cheque which is not apparently visible is defined under section - 89 of
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810 NI Act
For agricultural crop loans interest subvention for prompt repayment of loan and
811 effective ROI-3% and 4%
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Banks are not supposed to inform about which of the following to CRILC: 1. List of
defaulter for 1 Crore and above, 2.CAR, 3.PROFIT, 4.% of NPA to advances : None of
812 these
Letter of Credit : a written commitment to pay, by buyer's or importer's bank (called the
m
issuing bank) to the seller's or exporter's bank (called the accepting bank, negotiating
813 bank, or paying bank).
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Which OVD (officially valid document) for both address & identity proof : PAN does not
814 contain address. It is ID proof only.
s.
Accrual concept means : The most fundamental principle of accounting which requires
am
recording revenues when they are earned and not when they are received in cash, and
815 recording expenses when they are incurred and not when they are paid.
Registration of WILL after the death of the testator and it can be registered in -- --------
816 years : No time limit.
x
817 CRR rates are fixed by RBI by under ____ Act: Section 42(1) of RBI Act.
818 ne
What is the method for calculating turnover method – 25 % of turnover minus 5% of
turnover or 25 % of turnover minus actual NWC whichever is more
io
819 Which bank is giving instant loan to Snapdeal customer : SBI .
820 In principle sanction for setting up of payment banks valid upto : 18 months
ot
821 Gold Monetization Scheme : maximum period (medium period) : 5-7 Years
An association of banks dealing in foreign exchange in the country is : Foreign Exchange
m
822 Dealers' Association of India

-----% of net profit to be contributed for corporate social responsibility fund by
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823 companies: 2%
824 Sishu Mudra loan up to ____ amount : Rs.50,000
kp
825 What is mind of computer. CPU

826 Nayak committee 4 lac projected sale : What is minimum NWC : 20000.
an
827 Which type of complain is not valid. Media .

828 Lok adalat max amount 20 Lakh
.b
What is subrogation : right of guarantor to recover money from borrower on the basis
829 of securities and documents available with the bank.
w
830 SMA2 : 61 to 90 days

831 First Indian PSU bank which launched wealth management service : SBI
w
832 First state who launched PPP model for Pradhan Mantri Awas Yojana : Gujarat
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833 For Payment bank, Reliance Industries tie up with: SBI

834 Service Tax increased to 14.50% with effect from : 15.11.2015
835 What the Payment Bank cannot do: Lending
836 SLR will be reduced to 20.5% on : 7.1.17
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Net Interest Income is Equal to: Interest received on assets − Interest payments on
837 liabilities
838 Standby LC are like to: Bank Guarantee
839 Pledge is: Bailment of Goods
m
840 Protection to paying bank for materially altered instrument under section: 89
co
841 If Interest and Principal on maturity is Rs.20,000/- and above it will be paid in: Account
842 Differential rate of interest applied on deposit of : Rs.1.00 crore and above
RBI keeps on changing repo / reverse repo rate / CRR with the objective of : Regulation
s.
843 of liquidity to control inflation
am
844 Garnishee Order is not applicable on : Un-used cash credit or overdraft limit
845 What is the periodicity for submission of R-Returns to RBI : Fortnightly
The facility of nomination is not available to Trust account because it is _____ account :
x
846 Non-individual
ne
Banks are required to make provision on standard assets at the rate of 0.25% on ____ &
847 ____ accounts : Direct agriculture and SME.
A person wants to open an account which his wife should be able to operate only after
io
848 his death. What type of account he should open : Former or survivor
A dealer is engaged in sale/distribution of inputs used in agriculture allied activities such
ot
a poultry feed / cattlefeed. What is the maximum amount of loan given to them, can be
849 classified under priority sector : Rs.40 lac.
m
Appeal against the award given by the Ombudsman can be made by the bank within
ro
850 _____ days of date of ____: 30 days, receipt of acceptance from the customer.
851 The format of cheque is prescribed in which Act : It is only a practice.
kp
If a fraud takes place in a bank branch. Report is sent to the controlling office on form :
852 FMR 1
The amount in a cheque is written differently in words and figures and amount written
an
853 in words is higher of the two : Amount written in words will be paid.
While paying a bearer cheque, signatures are obtained on the back side of the cheque.
.b
854 Why ? : As evidence of payment

855 Capital market total exposure = 40 % of net worth of previous year
w
856 ESOP scheme = Loan up to Rs.20 lac can be given to employees

857 Education loan eligible for NCGTC guarantee : Max 7.50 lac
w
Premature payment facility FD at least Rs.15 lac (beyond Rs.15 lac, it can be without
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858 premature payment facility).

859 POS withdrawal of cash through debit card in Tier III to VI places :Rs.2000
860 ROC authority to allow extension of registration of charges period : 270 days
861 What is the tigers population as announced by prakash javedkar: 2226 in 2014
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862 Cheque specially crossed - Bank name should be there

863 CERSAI define in which Act.
864 Essential feature of General Crossing,
m
865 What is Material Alteration.
866 01 US$ = 60 Rupee , which Rate is applied.
co
Bill of exchange negotiated at spot rate on dated 18-10-15 . Exchange of currencies on
867 which date
A & B open a Joint Account with instruction to operation in account Either or survivor. X
s.
868 is Nominee of A. After death of A , who will get the money.
am
In Cent Salary saving Account opening , what is the Monthly Minimum Salary criteria of
869 Govt. Employee.
870 Penalty of late Deposit in RDS Installment Will be.
x
871 Average Qtly. Balance Maintain in HSS Account in Semi-Urban Branches.
ne
In case of Time Deposit Account how much amount after premature payment than
872 deduct a penalty of 1%.
873 Relation of Bank or customer In opening of Bank Account.
io
874 Bullion Dollar in What Risk Categories .
875 In AML Second Stages is.
ot
876 Which is not a credit Rating Agency.

m
877 Monthly Amount to be invested in Cent Millionaire Account in Feb 2014.

878 Core amount of Cent- Samvridhi Current Account.
ro
879 Initial Deposit Amount for Opening of the Cent Premium Account in Rural Branch.
880 Change in legal identity or character is called.
kp
881 In Cent- Muskan Account, which period to convert to HSS Account.

882 Minimum Balance Maintain in Saving Bank Account in Semi-Urban Area.
883 How Many Witness taken in opening of illiterate Person Account.
an
884 Deposit Amount in Cent Suraksha Deposit Yojana.

885 In what minimum amount after that loans to be processed by CCPC.
.b
886 Sanctioning Power of Scale-1 Officer.

887 After how many years than Valuation of Mortgage property should be taken again.
w
888 Repo Rate as on 29/09/2015

w
889 How much foreign exchange remitted on bases of Declaration .

The date of 01/10/2015 our Base Rate is fix than effective from 08/10/2015 what is Base
w
890 Rate.
Calculate Net Working Capital , if Long Term Sources=32LAC, Long Term
891 Uses=20LAC,Current Asset=10Lac.
892 Current Ratio = 1.5:1 , Net Working Capital = 20, Calculate Current Liabilities.
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893 current ratio as per traditional method of Tondon committee.

894 In failed ATM Transaction Bank reverse the amount to customer in how many days.
895 After Receiving the Award the period of Appeal in Bank Ombudsman Scheme is.
m
896 As per IRAC norms the account classify as NPA after which period.
897 Maximum Loan Amount in Cent Home Plus Scheme.
co
898 security value in cent mortgage for educational institutions Scheme is.
899 How Many Pillar in BASEL-II.
s.
900 In advance Measurement approach which type of risk is.
When we recover our Loan the principal plus interest plus legal expenses is recovered
am
901 the Penal interest will be charged on which Rate.
902 In our OTS Scheme Minimum deposit amount by customer as percentage.
903 Time Period of Loan Application Disposal is.
x
In Time Deposit account the interest earn in a financial year more than Rs.10000 , if
ne
904 customer not submitted PAN card .The Rate of TDS is.
905 Under which section of I.T.ACT the section of TDS is Define .
FIR to be lodged in cases of detection of counterfeit notes in a single transaction up to
io
906 what pieces .
ot
907 Housing Loan up to Rs.30 Lakh, LTV Ratio is 80%, the Risk Weight is.
908 As per MSME in Micro Enterprises Loan in Service Sector is.
m
909 Charges for Issue of Duplicate Statement of CD A/C ( per ledger page of 40 entries) is.
910 Premium of new medical insurance Scheme of officer coverage is .
ro
911 Cash Credit Limit=?, Calculate Drawing power.

912 Target of Small and Marginal Farmers , percent of ANBC is.
kp
913 in Garnishee order Bank is .

914 Our Bank CRAR as on 31.03.2015 is.
an
915 Under Letter of Credit Importer & Exporter is.

916 UCPDC latest addition is.
917 Maximum Loan Amount under Cent-Mortgage Scheme in Rural or Semi-urban area is.
.b
918 Maximum Loan Amount under PMEGP is.

919 Our Bank Gross NPA % As on 31.03.2015
w
920 Spot Rate Settlement is.

w
921 Minimum hurdle rate is our Bank.

922 Grace period of which type of Letter of Credit is available .
w
923 Risk weight in case of Restructured housing loan.

In case of Income Tax Officer Approach the Bank to Provide the Details of Customer
924 account , this provision Under which section of I.T.ACT is Define.
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925 Not-Negotiable Crossing is.

926 In case of Retail Loan Application in which time period that can be refuse or returned.
927 Loan Application Disposal in Case of HBL.
m
In case of Retail Loan Scheme the form AL1 IS to be used for Loan Amount of Rs.5 Crore
928 up to Loan Amount.
co
929 Maximum Period of Cent Earnest Money Finance Scheme is.
930 Which is Not a Material Alteration.
s.
As per our Bank Policy in case of Take over of Loan ,The account should be standard
931 asset in the books of existing banker at least for the Period of
am
932 Maximum power in case of group exposure for Branch Manager Scale-I.
In OTS Scheme Which Interest rate is payable to Borrower if payment is done in
933 Installments.
x
934 In Partnership Account Risk Category is.
ne
In Retail Lending Legal vetting of security documents for accounts with limit of Rs. 1.00
935 crore & above and up to
936 Bank duty to maintain secrecy is Called.
io
A & B open a Account with instruction that A operate the Account he live , after his
937 Death the Account is to be Operated by B. In this case Operation Instruction is.
ot
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kp
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ALL THE VERY BEST FOR YOUR EXAMS
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s.
x am
SAMPLE QUESTIONS FOR ne
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BANK PROMOTION EXAMS
ot
SCALE - I, II & III

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kp
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Though we had taken enough care to go through the notes provided here, we shall not be
.b
responsible for any loss or damage, resulting from any action taken on the basis of the contents.
We request everyone to go through the RBI / individual bank’s website and other internal
w
circulars and update yourself with the latest information through RBI website and other
authenticated sources. In case you find any incorrect/doubtful information, kindly update us
w
also (along with the source link/reference for the correct information).
w
K Murugan, MCA MBA CAIIB

…………………………………………………………………………………………………………………………………………………………………

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SCALE - I, II & III

K Murugan, MCA MBA CAIIB

SAMPLE QUESTIONS FOR BANK PROMOTION EXAMS – SCALE I, II & III

a. Only (i) and (ii)

Which of the following is the objective of asset liability management?

b. residual maturity of assets and liabilities should be equalized

Sukanya Samriddhi Yojana

Answer the following questions regarding Sukanya Samriddhi Yojana

c. Either (i) or (ii)

a. Only (i) and (ii)

c. Only (ii) and (iii)

5. The account is limited for ...... of the parents

a. Only (i) and (ii)

c. Only (ii) and (iii)

What is the limitation period in case of execution of decree issued by a court?

c. 12 years from the date of decree

d. 3 years from the date of decree

following actions ......

d. by increasing the repayment period

a. Dy. Governor RBI

c. CEO of the bank

d. Customer Service Committee of Board

The legal amount of a cheque represent which of the following ......

a. all types of term deposit accounts including recurring deposit

b. all saving bank accounts

d. none of the above

What is the target for RRBs under Priority sector?

d. it depends on the age of A

A cheque issued in favour of self/order is presented for payment ......

a. Bank should refuse the payment of cheque

b. Bank should pay the cheque

d. None of the above

d. Rs.1000 and Rs.1100

a. Pays the cheque in due course

For wrongful dishonour of a cheque, drawee bank will be responsible to ......

Answer the following questions regarding Bharat QR.

1. Bharat QR is ...... Mobile payment solution

a. No additional charges for making transaction through Bharat QR

4. Can multiple bank cards be linked on same App?

a. No. Multiple cards can't be linked in a single app

d. None of the above

...... (i) MPIN, (ii) OTP, (iii) ATM pin

a. Only (i) or (ii)

d. (i) or (ii) or (iii)

6. What is the Daily transaction limit?

7. How many Bharat QR transactions can be done in a day?

(i) National Housing Bank

(ii) HDFC Ltd

(iv) Star Union Daichi life insurance Company ltd.

a. (i) and (ii) only

b. (iii) and (iv) only

02. Which of the following features are true in respect of RMLeA?

names on proportionate basis that may decide

of the fixed term with increased quantum of annuity

a. (i),(iii) and (vi)are correct

c. (iii),(ii) and (i)are correct

a. Scheduled Commercial Banks

c. Either (i) or (ii)

d. Both (i) and (ii)

a. Only (i) and (ii)

a. Only (i) and (ii)

a. Bank will pay the cheque which is in favour of ITO