More than 1300 MCQ on Banking and Finance for CPD-1 Paper-1

1	A cheque drawn in favour of x is crossed “not negotiable”.	2
	X endorses the cheque in favour of Y for valuable consideration.
	Y becomes
	1] A holder in due course 2] only a holder 3] an assignee for the
	amount of cheque 4] the cheque can not be endorsed
2	A bill of exchange favouring A or order was endorsed by A on the reverse	2
	of the instrument as pay B or 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
	1] The negotiation is valid as both endorsement & delivery has taken
	place 2] It is invalid negotiation as the legal heir of A can not complete
	its negotiation by delivery. 3] The importance is endorsement and not
	delivery and hence it is valid.
	A bearer cheque with general crossing is paid across the counter to the	2
3	bearer of the cheque. Later on it was found that the cheque was stolen.
	In this case the banker is
	1] Liable to the original owner of the cheque 2] liable to the true owner
	of the cheque 3] will not be liable since it is a bearer cheque 4] none of
	the above
4	An endorser of a negotiable instrument may, by express words in the	2
	endorsement excludes his own liability there on. Such an endorsement is
	1] Facultative endorsement 2] endorsement “sans recourse”
	3] partial endorsement 4] restrictive endorsement
5	Which one of the following will be treated as material alteration?	4
	1] Converting an endorsement in blank to an endorsement in full 2]
	crossing of a open cheque by holder 3] conversion of a general crossing
	in to special crossing 4] conversion of “order in to “bearer”
6	A endorses a negotiable instrument in favour of B. Here	1
	1] A is the endorser and B is the endorsee 2] B is the endorser and A is
	the endorsee 3] both are endorsers 4] both are endorsees
7	The paying banker is protected under following SECTION for payment of	4
	cheque with forged signature of the drawer.
	1] Sec 89 of N.I act 2] sec 85[1] of N.I act 3] sec 131 of N.I act 4] no
	protection is available
8	The definition of negotiable instruments is contained in	4
	1] N.I act 2] Indian contract act 3] Banking regulation act 4] none of the
	above
9	P of Kanpur draws a bill on Q of London payable at Mumbai The bill is a	1
	1] Inland bill 2] foreign bill 3] demand bill 4] none of the above

10	A bill dated 22-11-2011 is payable 1 month after date. The bill will	1
	mature on
	1] 24-12-2011 2] 25-12-2011 3] 26-12-2011 4] 22-12-2011
11	A cheque drawn payable to A or B or order is presented across the	2
	counter for payment by B alone
	1] The cheque is to be returned as it can not be drawn payable to A or
	B.2] Payment can be made after properly identifying B
	3] Payment should be refused unless B produces the death certificate of
	A 4] Payment can be made with the consent of A only
12	A cheque for RS 10000/- has been presented in clearing and the cheque	1
	has been debited to the respective account. You receive a stop payment
	instruction from the drawer before the returns are sent by the branch. In
	this situation You will 1] return the cheque after cancelling the debit
	entry 2] since account is already debited you can not accept stop
	payment instruction. 3] It is up to the banker to decide 4] none of the
	above

13	A cheque drawn on account on which garnishee order is served .The		2
	cheque should be returned with the remark
	1] Garnishee order received 2] refer to drawer 3] account attached 4]
	orders not to pay
14	A is having a current account and the minimum balance required is		2
	Rs5000/. The present balance is Rs 6000/-.A cheque is presented in
	clearing for Rs 6000/- Now
	1] You will return the cheque 2] You will pass the cheque 3] You will pass
	the cheque and close the account 4] None of the above
15	In a bill the name of the “drawee in case of need” is mentioned. When it		2
	was presented to the drawee it was dishonoured. Now the bill is said to
	be dishonoured
	1] Since it was dishonoured by the drawee 2] only after it is presented to
	the drawee in case of need and dishonoured by him 3] It is not
	compulsory to present it to drawee in case of need 4] none of the above
16	With the amendment to N.I act on 01-04-1989[sec 138]		4
	Dishonour of cheques for insufficiency of funds is deemed an offence. the
	drawer of the cheque may be punished
	1] Imprisonment for a term up to 1year or fine upto twice the amount of
	the cheque or with both
	2] Imprisonment for a term of 2 years 3] fine up to thrice the cheque
	amount 4] imprisonment upto 2 years or fine which may extend to twice
	the amount of the amount of cheque or with both
17	Which of the following is a foreign bill		4
	1] A bill drawn in sets 2] A bill drawn at Chennai on a party in Calcutta
	and payable at Colombo 3] a bill drawn at Mumbai on a party in Newyork
	payable at New Delhi 4] none of the above
18	Order instruments are negotiated by		3
	1] Endorsement 2] delivery 3] endorsement & delivery 4] an order
	instrument can not be negotiated
19	A endorses a cheque SANS RECOURSE to B. B endorses it to C and C to		2
	A. If the cheque is dishonored
	1] A is not liable to B and C and also can not claim from them
	2] A is not liable to B & C but can claim from them as an endorsee 3] A
	can claim from C only 4] A can claim from B only
20	A cheque payable to Ratan singh is endorsed by him in blank and		4
	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
	1] The cheque is rendered invalid as there is a material alteration	2] Mr
	lakhan singh is only liable if the cheque is dishonored
	3] Mr Ratan singh is only liable if the cheque is dishonored	4] The
	cheque is valid and Mr Lakhan singh incurs no liability as an endorser
21	A cheque of Central Bank of India bears a round stamp of Dena Bank and		2
	collection number of the bank. The cheque is
	1] Generally crossed 2] specially crossed to Dena Bank
	3] uncrossed 4] none of the above
22	A issues a cheque for Rs 10000/- to M/S R.K charitable trust as donation.		2
	The cheque was returned unpaid with reasons “Funds Insufficient”
	1] The Trust can file a criminal complaint under sec-138 of N.I act 2] No
	criminal complaint can be filed as the cheque was not issued for any
	discharge of liability 3] Criminal complaint can be filed only if it was
	returned for the second time 4] none of the above
23	The transferee can not get better title than the transferor in case of		2
	1] A/C payee in crossing 2] not negotiable in crossing
	3] special crossing4] none of the above

24	Which of the following is true		5
	1] Promissory notes and Bills of exchange are to be stamped as per
	Indian stamp Act 1899
	2] Promissory notes and cheques are to be stamped 3] cheques and bills
	of exchange are to be stamped 4] Cheques need not be stamped 5] 1&4
25	How many sections are there in negotiable instrument act?		3
	1] 138 2]146 3]147 4]148
26	"CTS-2010 standard", is related to		3
	1] computer language 2] security feature in bank note 3] The
	benchmark prescriptions for standardization of cheque books
	4] accounting standard
27	A and B are having a savings account with operational instructions either		2
	or survivor and C is the nominee. Now A has expired. The balance in the
	account is payable to1] C only 2] B only 3] legal heir of A and B 4] C
	and B only
28	A has got a term loan account and the balance of Rs 10000/-has been		1
	recalled. You receive a garnishee order from court for RS 10000/
	attaching the credit balance of RS 10000/- maintained by A. you will
	1] Exercise right of set off against the credit balance and inform the court
	accordingly 2] comply with the court order 3] remit 50% and appropriate
	50 % towards loan account 4] seek instructions from court
29	Satish is having a saving account and he is also attorney of saving		3
	account holder B. You receive the 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
	1] return both the cheques 2]pass both the cheques 3]pass the cheque
	of account B and return the cheque of Satish account
	4] pass the cheque of Satish account and return the cheque of account B
30	A cheque dated 20-12-2011 was paid on 10-10-2011.The account holder		4
	gives stop payment instruction of the above cheque on 15-11-2011.The
	bank
	1] will refuse to accept the instruction as the cheque is already paid.
	2] Will refuse as per the recent Supreme court Judgement
	3]will refuse as issuance of post dated cheque is illegal
	4]will accept the stop payment instruction
31	A taxi is financed by bank and it is hypothecated to bank. The taxi met		2
	with an accident and the passengers were injured. Compensation can be
	1] claimed from the bank 2] can not be claimed from bank 3] claimed
	equally from Bank & Owner 4] Bank should pay the compensation and
	recover from the owner.
32	Mortgage is defined under		3
	1] contract act 2] sale of goods act 3] transfer of property act
	4] none of the above
33	The mortgager transfers the mortgaged property to the mortgagee on		2
	the condition that it will be retransferred upon payment of mortgaged
	money. This is	1] Simple mortgage 2] English mortgage 3] equitable
	mortgage 4] mortgage by conditional sale
34	Loan against LIC policies are given based on		1
	1] surrender value 2] paid up value 3] Insured value 4] market value
35	If a property worth Rs1 lakh is insured for Rs 80000/- and the loss		3
	occurred is to the extent of Rs 60000/-then insurance company is liable
	to pay
	1] Rs 60000/-	2] Rs 80000/- 3] Rs 48000/- 4] Rs 1 lakh
36	Loan against FDR can be granted provided it is issued by		2
	1] by the same branch only 2] by the same bank only
	3] any nationalized bank 4] any commercial bank

37	A document executed outside India should be stamped	2
	1] at the time or before execution of document 2] within 3 months of
	receipt of document in India. 3] within 4 months of receipt of document
	in India 4] Stamping is not required if executed abroad.
38	The N.I act 1881 allows three days grace to	2
	1] sight bills of exchange 2] usance bills 3] promissory notes 4] cheques
39	In the case of a joint stock co the registration of a charge is not required	1
	with registrar of companies for
	1] Pledge of moveable property 2] hypothecation of moveable property
	3] assignment of book debts 4] mortgage of fixed assets
40	A usance bill is presented for acceptance to the drawee. He has to accept	2
	in 1] within 24 hrs 2] within 48 hrs 3] within 72 hrs 4] no time limit
41	XOS FORM IS	3
	1] Application for drawal of Foreign Exchange 2] Approvals of Trade
	Credit 3] Form for statement for outstanding export bills 4] Application
	for drawal of Foreign Exchange
42	The term "Blue chip " means	3
	1] govt. securities printed in blue and are readily encashable with RBI 2]
	preference shares of joint stock companies 3] shares of progressive,
	soundly run public limited companies with excellent dividend record 4]
	shares initially allotted to promoter directors
43	“Bulls & Bears” is used in	3
	1] credit rating 2] vegetable markets 3] stock exchange 4] risk
	management
44	Y's current account is over drawn by Rs 3500/-.The bank can exercise	4
	right of setoff against
	1] credit balance in the partnership account where y is a partner
	2] cash deposited by y for buying a DD
	3] credit balance in the account of a minor with y as Guardian
	4]credit balance in the account of y maintained with another branch of
	the same bank
45	Mrs. x who maintained a safe deposit locker had expired and Mr x	3
	husband of her produces a power of attorney executed in his favour by
	Mrs x authorizing him to operate the locker during her life time or even
	after her demise and request the bank to allow him to take contents of
	locker.
	1] He may be allowed
	2] since power attorney is not considered for operation of locker he will
	not be allowed
	3] authority to operate the locker comes to an end on the death of Mrs x.
	4] As x is the legal heir and also holding the power of attorney ,he can
	be allowed
46	A bank grants a loan of Rs 30000/-to X and obtains a demand	4
	promissory note and forgets to affix 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.
	1] Revenue stamp should be affixed and crossed before filing the suit 2]
	ten times the value of the stamp can be paid and suit can be filed.3] The
	court has the power to condone the omission on being satisfied about the
	cause of omission. 4] Omission can not be condoned
47	How many maximum members can be there in a private company(other	3
	than one person company) as per company act 2013
	1] 50 2] 100 3] 200 4] No limit
48	What is the limit on number of partners in a partnership firm imposed by	4
	Companies act 2013
	1] 10 2] 20 3]50 4] 100 5] No restriction

49	The hirer of a safe deposit locker reports that the loss of key of the			3
	locker.
	1]	he will be issued a duplicate key on executing an indemnity bond 2]
	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 3]
	the safe will be broken open by the representative of the manufacturer in
	the presence of hirer 4] he has to surrender the locker
50	In terms of which ACT		no Person other than RBI can draw a BE or PN	1
	payable to bearer on demand
	1]	SEC 31 of RBI Act 2] SEC 31 of Bract 3] SEC 31 of N.I act
	4]sec 31 of contract act
51	A bill of exchange drawn by X on Y bears across its face two parallel			3
	transverse lines. Therefore
	1]	The bill is crossed generally 2] The bill is specially crossed
	3]	The bill contains superfluous extraneous addition.
	4]	The bill can not be endorsed further.
52	The rate of interest on PPF account is			3
	1]	9% 2] 8.6 % 3] 8.7% 4] 12%
53	RAM a transporter has been granted a loan for purchase of a truck. You			4
	will create which of the following charge
	1]	Assignment 2] a mortgage 3] pledge 4] hypothecation
54	The total interest for the financial year 2015-2016 of an individual in			2
	term deposit at “A” branch is Rs 9000 and in “B” branch is Rs The
	amount of TDS to be deducted is [PROVIDED PAN IS SUBMITTED]
	1] Rs 1530/-+ cess of 3% 2] Rs 1530/- 3] No TDS 4] it depends on the
	age of A 5] Rs 530/-6] no tds
55	What is the target for RRBs under Priority sector			2
	1]	100% 2] 60% 3] 40% 4] 32% 5] 50%
56	The maximum number of operations allowed in a safe deposit vault in a			4
	single day is
	1] one 2] two 3] three 4] no limit
57	Particulars for satisfaction of charges is filed [in case of company] AS			3
	PER CO ACT 2013
	1]	CHG1 2] CHG3 3] CHG4 4] CHG 8
58	Section 6 of N.I act deals with			4
	1] cheques 2] truncated cheques 3] electronic form of cheque
	4] all the above
59	What is the maximum amount of stamp duty payable on a Demand			2
	promissory note
	1]	10paise 2] 15 paise	3] 50 paise 4] one rupee
60	Which of the following instrument is known as plastic money			2
	1]	Travellers cheque 2] credit cards 3] bearer cheques 4] demand draft
61	While disposing of deceased claims succession certificate is to be insisted			3
	only when 1] there is no nomination 2] the claim amount is more than
	RS 1 Lakh 3] If all the legal heirs do not join to indemnify the bank
	4] the claim amount is more than Rs 10 lakhs
62	ATM ,personal identification is a			2
	1] alpha numerical 2] 4 digit number 3] 3 digit number 4] 5 digit
	number
63	RBI is empowered to step up SLR to			2
	1]	30% 2] 40% 3] 50% 4] 45%
64	The limitation period for a Decree is			1
	1]	12 years 2] 3 years 3] no limit 4] 90 days
65	Every banking company incorporated in India has to transfer to reserve			1
	funds -----of the profits for each year
	1]	not less than 20% 2] not less than 25% 3] not less than 1% 4] not
	less than 10%

66	The limitation period in case of pledge is	4
	1] 3 years 2] 12 years 3] 90 days 4] no limitation
67	Hypothecation is a mode of security provided in	4
	1] Indian contract act 1872] transfer of property act 1882 3] banking
	regulation act 1949 4] SARFAESI Act 2002
68	At present the Bank rate, CRR, and SLR are respectively	4
	1] 6.25%,25%,4.75% 2]25%,6.25%,4.75% 3]4.75%,6.25%,25%
	4] 7.75%,4%,21.5%[ look for latest rate and change answer no 4]
69	Resident foreign currency account [domestic] can be opened in the form	1
	of
	1] current account 2] time deposit 3] savings account 4] all the above
70	In terms of sec 138 of N.I act 1881 ,the payee should give notice within-	2
	---days of receipt return of cheque for insufficient balance
	1] 15 days 2] 30days 3]1 month 4] 48 hours
71	A is having a savings account and he has nominated his minor son B as	4
	nominee. Now he has to appoint a person on behalf of the nominee. The
	person can be
	1] only mother 2] blood relatives 3] If mother is not alive blood relatives
	4] any person
72	An account holder has issued a cheque and was cleared. After sometimes	1
	the customer requests you to give him the original cheque
	1]It can be given 2]it can not be given 3] it can be given only if court
	demands it 4] only a certified copy can be given
73	A and B are two account holders of your branch and are having a dispute	2
	.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
	1] You can depute your staff as Bank’s passbook entry is to be proved 2]
	you will ignore it as Bank is not a party to the case 3] you will instruct
	the Lawyer to write to your head office
	4]You will depute provided B also agrees to it at the expenses of A
74	In an account, your head office has advised you to file a suit. The last	2
	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
	be filed on
	1] 30-12-2003 2]on or before 29-12-2003 3] on or before27-12-2003 4]
	3days grace is available from the last day and hence it can be filed
	upto31-12-2003
75	How much foreign exchange is allowed for visiting BHUTAN	4
	1]usd 500 2]usd 2000 3]usd 100 4]no foreign exchange
76	How many maximum directors can be there in a company as per	2
	company act 2013 1] 10 2] 15 3] 20 4] no restriction
77	A party is having the following accounts with your branch a] FDR for Rs	2
	5000/-in his single name 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
	1] Allowed 2] not allowed 3] take an undertaking and pay it
	4] pay cash only if he gives his PAN
78	Under KYC norms, how much INR can be given to a NRI OR Tourist by an	2
	Authorised money changers in the form of cash while exchanging foreign
	exchange
	1] USD 2500 2] USD 3000 3] USD 500 4] any amount
79	In case of power of attorney, the principal and attorney can be	5
	1]minor and major 2] major and minor 3]major and major 4]minor and
	minor 5] 2 and 3
80	For the purpose of Medical Treatment without any estimate ,how much	5
	amount is admissible under FEMA for remittance abroad

	1]	USD 5000 2] USD 25000 3]USD 1 LAKH 4] USD 2 LAKH 5] USD
	250000
81	Which of the following statement is incorrect in view of the provisions					1
	contained in the Negotiable Instruments Act, 1881?
	1]	The holder may convert a special crossing into a general
	crossing or he may cancel a crossing altogether under his
	signature. 2] The holder may add general or special crossing to an
	uncrossed cheque 3] If a cheque is already crossed generally, the
	holder may add special crossing to it 4] Where a cheque is crossed
	generally or specially, the holder may add the words “Not Negotiable”
82	Account Payee in crossing is addressed to					1
	1]	Collecting Banker	2] Payee 3] Drawee Banker 4] 1 and 2
	5]	None of these
83	A crossed cheque					3
	1]	Must be credited to the account of the payee or endorsee
	2]	May be paid in cash across the counter
	3]	Should be paid to a banker only
	4]	None of these
84	Crossing may be added to :					3
	1]	Order cheques only		2] Bearer cheques only
	3]	Both of 1 &2		4] None of these
85	“Account Payee” in crossing with two transverse parallel lines is					2
	1]	Special crossing	2]	General Crossing	3] Restricted crossing
	4]	None of these
86	In the case of a bill of exchange :					4
	1)	General crossing means that the amount may be paid only to a
		banker
	2)	Special crossing means that the amount may be paid only to the Bank
		named therein.
	3)	Crossing has a restricted application 4]			Crossing has no meaning
87	Form no 16 is to be furnished to staff and pensioners					3
	1] by 15^th April 2] by 30^th April 3] By 31^st may 4] 31^st july
88	ABC is a partnership firm [with three partners A, B and C maintaining a					2
	current account, with the 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. How will you handle the request of A?
	1]Since A had countermanded the payment of the cheque, revocation by
	A is sufficient
	2]All the partners should sign the revocation letter
	3]Any of the partners can sign the revocation letter as the account can
	be operated by any one of the partners
	4] None of the above
89	Mr. Rajbahadur is having a Fixed deposit of Rs.15,000/- at your branch.					2
	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 FDR. Mr.
	Sher Bahadur visits your branch on due date and request for payment.
	The Bank will:
	1]	Obtain the discharge from Sher Bahadur and make the payment
	2]	Make the payment only to Rajbahadur
	3]	Make the payment to Sherbahadur if he is maintaining a account with
	the branch 4] None of the above
90	Mr. Goodwill and Mr. Tang are having a joint FDR account with					1
	operational instructions of ‘former or survivor’. Mr. Goodwill visits your
	branch and request for a loan against the FDR. Meanwhile, Mr. Tang
	calls up the branch and requests you not to give loan to Mr. Goodwill due
	to his old age as he behaves abnormal at times.. You will:

	1] Refuse the loan without the joint discharge of Goodwill and Tang
	unless the special mandate is taken
	2] Goodwill will be given loan without the consent/discharge by Tang
	3] Goodwill will be given loan if he produces the medical certificate of his
	sound mind 4]None of the above
91	In Annual information Return in form 61A ,the banks [other than RBI]			6
	have to report
	1] cash deposits in an account for a FY is 10 lakhs or more 2] cash
	deposits in a FY is 10 lakhs or more in a SAVINGS account 3]Credit card
	transaction in a FY is 2 lakhs or more 4] Purchase of RBI bonds for Rs 5
	lakhs and above in a FY 5] 1 to 4 6] 2 & 3 only
92	An illeterate NRI working in Gulf, on his temporary visit to India			4
	approaches your branch and wants to open a Non Resident account.
	Which of the following account will not be allowed:
	1] NRE 2] FCNR 3] NRO 4] RFC
93	In which of the following nomination facility is not allowed :			5
	1] Non Resident Ordinary account 2]	Non- Resident External account	3]
	FCNR 4] Resident Foreign Current account 5] None of the above
94	Ajay endorses the cheque in favour of Bhawana who further endorses the			3
	cheque to Chetna. However Bhawana dies before handling over the
	instrument to Chetna. How can the executor of Bhawana transfer the
	cheque to Chetna?
	1]Fresh endorsement 2] Delivery only	3] Re-endorsement and delivery
	4]None of the above
95	Mr. Arrogant is having a current overdraft account showing overdraft of			1
	Rs.850/- Inspite of repeated request he failed to adjust the account The
	counter clerk informs you that Mr. Arrogant is having a saving bank
	account with the branch, which is showing a balance of Rs.1050/-. On
	the instructions of the Manager, the amount outstanding in OD account is
	adjusted by transfer from saving bank account. The Manager has
	exercised the:
	1]Right of Set-off 2] Bankers lien 3] Bankers right of appropriation		4]
	Bankers special lien
96	Stamp Duty applicable on a promissory note payable otherwise than on			4
	demand depends on:
	1] Amount only 2] Tenor only 3] Amount and as per state Stamp Act 4]
	Amount and usance period

97	Bank’s Lien is :			3
	1] Contigent Lien 2] Particular Lien 3] General Lien 4] B and C 5] All
	of the above
98	High value clearing refers to cheques of:			4
	1] Rs.1,00,000 and above 2] Rs.50,000 and above
	Rs.10,00,000 and above 4] None of these
99	A valued customer Sh. Rammohan had taken loan against National			3
	Savings Certificate from your branch	Sh. Rammohan had made
	nomination in favour of his wife. The bank before giving the loan had got
	the lien marked at the post office. You are now informed that Mr.
	Rammohan has since expired. How will you recover the amount:
	1]The nominee will be asked to adjust the account
	2]Legal heirs will be served the notice of the outstanding liability and for
	its adjustment
	3]Bank will present the NSC directly to post office and claim the amount
	for adjustment of the loan 4] Any of the above
100	Under which of the following documents the bank collects supply bills:			4
	1] Mandate 2] Letter of Authority 3] Indemnity Bond 4] Power of
	Attorney


101	A company’s registered office is in Chennai, and its factory is at		4
	Bangalore. The company availed a bank loan in Mumbai. Equitable
	mortgage of company’s immovable property is to be created at
	1]	Chennai 2] New Delhi 3] Mumbai 4] Any notified centre
102	As per CBDT when is PAN required while depositing cash for purchase of		3
	DD - 1] Rs 10000 & above 2] Rs. 25000 & above 3] Rs.50000 &
	above 4] Rs. 1 lac & above
103	What is the maximum amount per single transaction under Electronic		4
	Funds Transfer [EFT]?
	1]	Rs.50000 2] Rs.1 lac 3] Rs.5 lac 4] No limit
104	Which of the following authority is appointed in the event of liquidation of		3
	a company?
	1]	Administrator 2] Receiver 3] Liquidator 4] Executor
105	Which of the following is garnishee under a Garnishee Order?		3
	1]	Judgement Creditor 2] Judgement Debtor 3] Bank 4] None
106	A Negotiable Instrument can be endorsed by signing the same on:		4
	1]	A slip of paper annexed to the instrument
	2]	The back thereof
	3]	Face thereof
	4]	The back or face thereof or on a slip of paper annexed thereto
107	When an order cheque is endorsed in blank:		2
	1]	Its further negotiation is restricted
	2]	It becomes payable to bearer and transferable by mere delivery
	3]	It loses the characteristic of negotiability
	4]	None of these
108	When an endorser adds the words “Notice of dishonour waived” such an		3
	endorsement is known as:
	1]	Restrictive endorsement 2] Conditional endorsement 3] Facultative
	endorsement 4] Partial endorsement
109	Who is incompetent to endorse a negotiable Instrument?		4
	1]	Minors 2] Married women 3] Illiterate 4] None of these
110	An “endorsement in blank” means the endorsement:		3
	1]Of a blank instrument 2] Of an inchoate instrument
	3]Which does not have any endorsee but merely consists of the signature
	of the endorser written on the instrument
	4]	None of these
111	What is the maximum number of endorsements that are allowed on a		4
	Negotiable Instrument?
	1]	One 2] Two 3] Five 4] No limit
112	An account has become NPA. The debit balance in the account is RS		4
	35000.The realizable security eroded to Rs 3000 .It will be classified as
	1] performing Assets 2]early alert signal3] doubtful assets
	4] loss asset 5]substandard asset
113	A is holder of a cheque who endorses sans recourse to B and B to C and		1
	C to D who endorses it to E. Cheque is dishonoured.
	E can claim from:
	1]	B,C and D 2] E cannot claim from any one 3] E can claim from all 4]
	E can claim from A

114	Annual Information Return is to be submitted by		3
	1] branches in Form 61A 2] bank in form 61A 3] Bank in form 61A on or
	before 31 August
115	The following cannot delegate his powers to a third party:		5
	1]Trustee 2] Power of Attorney holder 3] Executor
	4]	Administrator 5] All of these
116	A non resident Indian [NRI] can be defined as:		5

	1] Any person going abroad for any purpose 2] Indian nationals going
	abroad for medical treatment 3] Indian nationals going abroad for higher
	studies 4] Indian national going abroad for employment, business or for
	any other purpose with indefinite stay or persons of Indian origin settled
	abroad 5] both 4 and 3
117	Non resident external account can be opened by NRI by		2
	1] Conversion of existing account 2] By remittance from abroad or
	transfer of funds from existing NRE, FCNR accounts in the name of the
	same person 3] By transfer of funds from existing NRO accounts 4] Any
	eligible local credits
118	Non resident external account can be opened jointly with		5
	1] Another Non resident Indian only 2] Resident in India 3]Close relatives
	in India[close relatives as per companies act] 4]with any person residing
	outside India 5] 1 and 3,but the operational instruction can be F/S only
119	FCNR [B] accounts can be opened presently for maximum period of		3
	1] 3 YEARS 2] 4 YEARS 3] 5 YEARS 4] 10 YEARS
120	Your valued Non resident customer’s P.A holder wants to deposit USD		3
	3500 in the form currency in the NRI’s account
	1] We may accept since Foreign currency is one of the inward currencies
	2] We may accept only if CDF is produced.3] P.A holders can not deposit
	foreign currencies 4] None of the above
121	FCNR account can be opened by		1
	1] all branches 2]metro branches 3] authorized branches
	4] all except rural branches
122	FCNR[B] can be opened as per RBI		7
	1] USD 2]GPB 3] EURO 4] YEN 5] AUD 6] CAD 7] any freely convertible
	Currency
123	In NRI accounts nomination is		2
	1] Not to be accepted 2] Can be accepted 3] Can be accepted with RBI
	approval 4] None of the above
124	FCNR [B] account can be opened as per RBI		2
	1] savings and Time deposits only 2] Time deposits excluding RD 3] Time
	deposits only 4] current account 5] time deposits including RD
125	In case of NRO accounts, joint accounts may be opened by		2
	1] NRIs only 2] NRIs and resident Indians 3] joint accounts are not
	allowed 4] None of the above
126	Persons bringing foreign exchange into India in the form of foreign		4
	currency notes or travellers cheques are required to declare in the CDF if
	the value of foreign exchange brought exceeds:
	1] USD 20000 2] GPB 10000 3] USD 12000 4] USD 10000 OR its
	equivalent
127	The term	“Authorized Dealer” means	2
	1] The branches of a bank which are authorized by RBI to transact
	FOREX business2] The banks which are authorized to deal in Foreign
	Exchange by RBI 3] The branches of a bank which are authorized to open
	NRI accounts 4] none of the above
128	Which of the following statement is incorrect?		4
	1] NRE accounts are to be maintained in INR only and the balance is fully
	repatriable 2] Transfer of balance from N R O account to NRE account is
	permitted	subject to payment of tax 3] For opening NRI accounts
	introduction is not mandatory 4] A person can have both non resident as
	well as resident account
129	NRO account can be jointly opened with any resident person. Therefore		2
	The funds belonging to joint resident holder can be credited to this
	account
	1] Yes 2] no 3] yes with the consent of NRI 4] None of the above
130	Balance in RFC accounts can be utilized for remittance abroad within a		4

	period of 1] 3 years 2] 10 years 3] 6 years 4] no limit
131	On what basis interest is calculated on FCNR [B] deposits		2
	1] 12 months to 1 year 2] 360 days to 1 year 3] 52 weeks to 1year 4]
	365 days to 1 year
132	RFC[domestic] can be opened by		5
	1] residents only 2] both resident and non resident[close relatives]
	operated on F/S basis 3] foreign tourists only 4] only by Pakistan and
	Bangladesh citizens 5] 1 and 2
133	A is the holder of Power of attorney of B who is a NRI.		3
	A approaches you to open a NRE account in the name of B.
	1] We can open since A holds the P.A of B
	2] We can open If A is well known to the bank 3] We can not open as the
	account is to be opened by B only.4] RBI permission is required
134	NRI CAN OPEN JOINT ACCCOUNT WITH CLOSE RELATIVES[DEFINED		3
	UNDER COMPANY’ACT]IN NRE,FCNR BUT CAN BE OPERATED ONLY
	1] jointly 2] either or survivor 3] former or survivor 4] latter or survivor
135	A is the resident power of attorney holder of B. B is having a NRE		2
	account with your branch. NOW A can
	1] Repatriate and make payment of gifts from this account 2] repatriate
	only in the name of account holder	if specified but can not make
	payment of gifts 3] make payment of gifts but not repatriation 4] neither
	repatriate nor make payment of gifts
136	Form LEG is used for		4
	1] For opening NRE accounts 2] for opening FCNR [B] accounts 3] For
	opening NRO accounts 4} for payment balance in the NRE/FCNR
	accounts the deceased account holder to the non resident nominee
	[along with other documents]
137	Kissan Credit Card is issued for		2
	1] 3 years 2] 4 years 2] 5 years 4] 10 years
138	A is having NRE account with your branch. He comes personally and		2
	wants to deposit USD 6000 in the form of currency in his account.
	1] YOU may accept it as he has come personally 2] you will ask for CDF
	form before accepting it 3] CDF form is not required as the amount does
	not exceed USD 10000 4] none of the above
139	A non-resident can bring any amount of foreign exchange into India		2
	1] NO the maximum limit is USD 10000 or equivalent 2] YES, however
	he should declare in CDF if the amount exceeds USD 10000 or its
	equivalent and/or the foreign currency notes exceed USD 5000 or its
	eqivalent.3] The person should have RBI permit to bring more than USD
	20000 4] none of the above
140	The rate of interest on eligible CRR balance is		4
	1] 3.5% 2] 1% 3] 5% 4] no int. is payable
141	NRI is sanctioned housing loan. The repayment can be made from/by		4
	1] NRE SAVINGS 2] NRO ACCOUNT 3] close relatives[defined under
	company’s act] 4] all the above
142	A Japanese citizen of Non Indian origin comes to India as tourist. She		1
	wants to open an account with your branch you will
	1] open NRO a/c2] open NRE a/c	3] ordinary savings a/c 4] advise
	her to bring permission from RBI
143	Interest earned on NRO accounts[savings & time deposits ] are to be		4
	taxed @
	1] 30% 2] 25% 3] not taxable 4] 30%+ 3% cess or at the prescribed
	rates for countries where DTT is eligible
144	NRE time deposits can be opened for minimum and maximum for		3
	1] 6 months and 3 years 2] 1 year and 3 years 3] 1 year and 10 years 4]
	15 days to 3 years

145

The maximum amount that is repatriable in NRO accounts is in a financial

year is

1] USD 1 MILLION OR EQUIVALENT 2] NO AMOUNT IS REPATRIABLE 3]

NO SUCH LIMIT 4] USD 25000 OR EQUIVALENT

146

A & B have an account with operating instructions former or Survivor.

No nomination is in the account. Both of them die. Money is payable to

1]Legal heir of A 2] Legal heir of B 3] legal heir of A & B 4]

None

147

The relationship between a banker and customer in case of a matured

Time Deposit remaining unclaimed

Debtor-Creditor 2] Trustee-Principal

3] Creditor-Debtor

4] Trustee-

Beneficiary

148

The Power of Attorney Holder has accepted the bill on behalf of the

Principal,

Before

the

due

date

the

principal

revokes the power

Attorney Therefore

A can refuse to pay the bill

2] A cannot refuse to pay the bill 3] the

bill is not said to have been accepted

4] none of the above

149

Resident Indian has obtained foreign exchange for Private visits He must

return unused foreign exchange [beyond USD 2000] within

60 days 2] 90 days 3] incase of currency 90 days and TC within 180

days 4] 6 months

150

If individual taxable income exceeds Rs I crore the surcharge will be

1% 2] 2% 3] 10% 4] 12%

151

For Banking transactions Administrator means

Appointed by Court, in case deceased died intestate 2] Appointed,

based on the will of deceased

appointed by legal heir

4] none of

the above

152

Which is not a material alteration

Change in date 2] change in name of payee 3] change in amount 4]

crossing of an open cheque

5] none of the above.

153

A minor aged 16 years presents a cheque for payment of Rs.30000/-

Can you make payment if the cheque is otherwise in order

No, the amount is high

2] No, minor cannot not give discharge

Yes, after obtaining a stamped receipt

4] Yes, minor can give a valid

discharge

154

Your locker holder is going out of town and he gives a power of attorney

in favour of his minor daughter 15 years to operate the locker

you will not accept because minor cannot be attorney

2] power of

attorney is not allowed in case of locker

3] acceptable only if spouse is

deceased

4] accept since minor can be attorney

155

A lady married to a foreigner of Indian origin is (for other than buying

immoveable property)

1] PIO 2] Indian 3] PIO & Indian 4] none

156

Minimum maturity period of CD & commercial paper is

14 days & 7 days 2] 7 days & 14 days 3] 7 days & 7 days 4] 14 days

& 14 days

157

Which of the following is issued by Registrar of companies

Articles of association 2] memorandum of association 3] certificate of

registration 4] commencement of business 5] 3 & 4

158

In case of time barred debts, right of set off

is not available

2] is available

3] is available only if borrower gives

consent 4] available with the permission of court

159

A bill of exchange dated 29.01.2005

payable after one month, will fall

due on

28^th Feb 05 2] 1^st march 05

3] 2^nd March 05

4] 3^rd March 05

160

In a cheque you find neither bearer nor order. You will treat this cheque

bearer

2] order

3] not drawn properly 4] truncated cheque

161	Which of the following can open RESIDENT FORIGN CURRENCY ACCOUNT										3
	1]	residents 2] foreigners 3] Non resident becoming resident 4] resident
	becoming non resident
162	There are 4 partners in a current a/c with you and as per the mandate										1
	first 3 partners can operate the account singly. The 4^th partner gives a
	stop payment instruction to a cheque signed by partner One. You will
	1] accept it			2] accept it provided the signatory confirms it						3] accept it if
	all partners confirm it						4]not to accept
163	Nomination is available in										5
	1]	Individual A/c				2] Proprietorship concern			3] HUF	4] Partnership
	firm 5] 1 & 2
164	Maximum amount of investment permitted under Senior Citizen savings										5
	Scheme of government of India
	1]	15 lakhs		2] 10 lakhs 3] retirement benefits 4] 1 & 3
	5]	in case of 60 years & above15 lakhs and 55 & above retirement
	benefits or 15 lakhs whichever is less
165	If a fixed deposit matures on 25.12.11 it will be payable on										2
	1]	24.12.11		2] 26.12.11 with interest for one day at contracted rate of
	FDR 3] 26.12.11					4]	26.12.11 with interest for one day at saving rate
166	Net Working capital is RS 80000.current ratio								is 3:1.The current		3
	liabilities are
	1]	80000 2] 120000 3] 40000 4] 60000 5]data is insufficient
167	Life certificate is to be obtained in the month of										1
	1]	Nov	2] Dec		3] March			4] Jan
168	Deductions under sec 80U for disabled persons is										3
	1]	Rs50000 2] Rs 80000 3] RS 75000 4] Rs 60000
169	Which of the following can open RESIDENT FORIGN CURRENCY ACCOUNT										3
	1] residents 2] foreigners 3] Non resident becoming resident
	4] resident becoming non resident
170	In case of a former or survivor [deposit account] nomination will be										3
	signed by
	1]	Former only 2]				survivor only 3] by both 4] nomination is not allowed
171	Garnishee order is issued under										2
	1]	Indian Penal code					2] Civil procedure code
	3] negotiable instrument act 4] contract act 5] Income Tax act
172	In which of the following accounts the interest rate is not deregulated by										4
	RBI 1] Fixed deposit						2] savings account 3]		Time deposit 4] none of
	the above
173	Before		accepting				Foreign contribution favouring societies, trusts				3
	permission must be obtained from
	1]	RBI	2] Ministry of Finance 3]Ministry of Home Affairs
	4]	Ministry of external affairs
174	Details of unclaimed deposit to be furnished to RBI under									1] Sec 26 BR	1
	act 2] Sec 26 RBI act						3] Sec 26 NI act 4] sec 26 contract act

175	Who can not be				a	partner					7
	1] illiterate 2] blind person							3] company 4]partnership firm
	5]	HUF 6] NBFC			7] all except 4 to 6 8] all except 3
176	The maximum amount of remittance permitted under Western Union										2
	Money Transfer is
	1]	Rs.50000		2] equivalent to US$ 2500 3] US$ 4000 4]NO LIMIT
177	Negotiable instrument payable on demand should be presented for										3
	payment within
	1]	48 hours 2] 24 hours 3] reasonable period 4]7 days
178	The minimum interest payable in savings account is										2
	1].50 paise 2] Re 1 3] Rs 5							4]Rs 10
179	The drawee of a cheque is always										1

	1] bank 2] account holder 3]payee 4] endorsee
180	Who can open a current account?			5
	1] executors 2] administrators 3] trusts 4]Liquidator 5] all the above
181	Minimum amount in savings account is fixed by			1
	1] individual banks 2] RBI 3] Govt. of India 4]IBA
182	Account Payee Crossing is defined under			4
	1] NI act 2] contract act 3] RBI act 4] No act
183	A certificate of deposit matures on 2/10/2015 which is a holiday under NI			1
	act. It will be paid on
	1]1/10/2015 2]3/10/2015 3]invalid CD was issued 4] payable on
	5/10/2015
184	PPF account can be opened by			1
	1] resident 2] non resident 3] HUF 4] all three
185	Min & Max amount that can be deposited in a PPF account in a financial			3
	year is
	1] 500 & 70000 2]100 & 100000 3] 500 & 150000 4] 100 & 70000
186	Sec 45 Z of BR act deals with			4
	1] nomination for deposits 2] nomination for safe custody 3] nomination
	for lockers 4] Return of paid cheque to account holder
187	If a sole trustee dies ,account will be managed by			4
	1] none 2]by Govt. of India 3] by state Govt. 4]court appointed trustee
188	A is having a FD with your branch and he has taken demand loan against			3
	it. Now he wants B’s name to be added to the receipt
	1] it can be added	2] it can	not be added 3] only possible after
	adjustment of demand loan 4] name can not be added before maturity
189	Interest on SENIOR CITIZEN SAVING’S government scheme is			3
	1]4.5% 2]3.5% 3] 9.2% 4]8.6%

190	Mr A opens RDS[recurring deposits] on 12-11-2010.The next installment			4
	can be paid
	1] only on 12-12-2010 2] before 12-12-2010 3] after 12-12-2010 4] any
	day in December
191	A fixed deposit holder aged 60 years wants TDS not to be deducted on			1
	the interest. He will have to submit form---- along with PAN
	1] 15-H 2] 15-G 3] 60 4] 61
192	The ceiling for referring cases to LOKADHALAT is			2
	1]10 lakhs 2] 20 lakhas 3] one crore 4] 15 lakhs
193	Who can not be a nominee in the following in case of a deposit account			5
	1] male minor 2]female minor 3] married woman 4] blind person 5] none
194	Any change in the prescribed minimum balance and charges that may be			1
	levied to be informed to customers atleast [as per BCSBI]
	1] One month in advance 2] 3 months in advance 3 ] 7 days in advance
	4] 6 months in advance
195	which of the following does not attract TDS			2
	1] RDS 2] CERT OF DEPOSIT 3] SAVINGS 4] NONE
196	Commercial paper can be issued for maximum			3
	1] 7 days 2] 15 days 3]	not more than1 year 4] 6 months
197	Commercial paper can be issued for			4
	1] 1 lakh and multiple of 1 lakh 2] 5 lakhs and multiple of 1 lakh 3] one
	lakh and multiple of 5 lakhs 4] 5 lakhs and multiple of 5 lakhs
198	certificate of deposit can be issued for minimum			1
	1] 7 days 2] 15 days 3] 1 year 4] 6 months
199	certificate of deposit can be issued for			1
	1] 1 lakh and multiple of 1 lakh 2] 5 lakhs and multiple of 1 lakh 3] one
	lakh and multiple of 5 lakhs 4] 5 lakhs and multiple of 5 lakhs
200	As per RBI note exchange rules		imperfect note" means any note,	6
	which is wholly or partially,

	1]obliterated, 2]shrunk, 3]washed,4] altered or indecipherable
	5] mutilated note6] all the above except 5 7] all the above
201	The relationship between RBI and bank maintaining currency chest is	1
	1] Bailor-bailee2] principal- trustee 3] trustee and beneficiary 4] lessor-
	lessee
202	In case of term deposit, the period of limitation starts from	3
	1] date of deposit 2] date of maturity 3] date of demand by depositor 4]
	no limitation period
203	A Garnishee order is received at head office [Mumbai] of the bank. At	4
	which of the following branches of the customer the account will not be
	attached
	1]Chennai 2] Mumbai 3] Calcutta 4] London
204	An income tax attachment is received attaching the account of MR Y. Mr.	3
	Y is having only FD maturing on 12-05-2007.and he already instructed
	the bank for automatic renewal. Now
	1] The FD becomes payable immediately 2] FD is not attachable 3] FD is
	attachable but payable on maturity 4] Not attachable because of earlier
	instructions by party for automatic renewal
205	MR A has borrowed Rs 20000/- and MR B is the guarantor. The account	3
	has become doubtful MR B has got a current account in which the credit
	balance is RS 18000/-. Can the bank exercise the right of set off with B’s
	current account?
	1) No 2] yes 3] yes only after the demand is made on the guarantor
	4] only 50%amount can be setoff
206	A power of attorney executed abroad needs	2
	1] to be stamped at the time of execution or before execution 2] to be
	stamped within 3 months of its receipt in India.3]need not be stamped 4]
	to be stamped at the time filing suit
207	A power 0f attorney given for operation of a bank account, should be	3
	1] stamped 2] stamped & registered 3] stamped &registration is optional
	4] registered but stamping is optional
208	A and B are having a joint account with operational instructions E/S. A &	2
	B appoint C as their attorney. Cheque signed by C is presented for
	payment, which is in order. You already received the information about
	death of MR A. Now the cheque in question will be 1] passed 2]returned
	3] passed if date of cheque is prior to date of demise of MR A 4]passed
	if date of cheque is prior to receipt of notice of death of MR A
209	A Minor can	3
	1] Appoint a nominee 2] appoint an attorney 3] draw a cheque 4]do none
	of the above 5] do all the above

210	The Trust deed is silent about operation of bank account. There are 3	2
	trustees. In this case the bank
	1] can not open the account 2] allow joint operation by all trustees
	3]allow any two jointly 4] court instructions to be obtained.
211	Probate is linked to	1
	1] will 2] succession certificate 3] nominee 4] legal heir
212	“codicil” is linked to 1] will 2] succession certificate 3]crossing of cheques	1
	4] endorsement of cheque
213	An Executor is appointed by	2
	1] court 2] Testator 3]legal heirs 4]nominee
214	Secretary & president operate a registered club’s current account jointly.	1
	You already received the intimation about the death of the secretary. A
	cheque is presented in clearing signed by both the secretary & president,
	which is otherwise in order.
	1] the cheque will be passed 2] it depends on the date of cheque 3] the
	cheque will be returned 4] pass only after confirming from president

215	A is having FD maturing on 12-05-2011 in which B is the nominee. On						2
	the death of MR A, which of the following instructions of B will be
	accepted?
	1] to substitute the name of him in place of MR A.2] to pay the balance
	before maturity 3] to allow him to take loan 4] to issue a guarantee
	against it
216	A & B are having saving account with operational instruction E/S.A						3
	cheque dated 10-05-11 signed by A is presented on 15-05-11.the bank
	received the notice on 14-05-11 informing the death of A on 12-05-
	11.Now
	1]bank will honour the cheque 2] dishonour the cheque 3]honour the
	cheque if countersigned by B 4] bank will honour as the cheque was
	dated prior to the date of death of				A
217	The rate of wealth tax is						4
	1] flat rate of 1% 2] 2%			3] 10% 4] no wealth tax .It stands abolished
218	A partnership firm						4
	1]must be registered 2] need not be registered					3] can be registered
	even after formation 4] both 2& 3
219	Two private limited companies having respectively share holders 10 & 20						3
	join together to form a partnership
	1] The formation is illegal as total members exceed 20 2] limited co can
	not be a partner 3] It is valid as per law 4] valid only if at least one
	individual joins as partner
220	The minimum number of share holders in a Pvt Lt Co & Public Ltd Co is						1
	respectively	1]	2&7	2] 3&7	3]2&3	4]3&7
221	The minimum number of directors in a Pvt Lt Co & Public Ltd Co is						3
	respectively	1]	2&7	2] 3&7	3]2&3	4]3&7
222	Officially valid documents for KYC						7
	1] passport 2] driving license 3] voter’s id card 4] pan card 5] Aadhar
	letter issued by UIDAI 6] job card issued by NREGA signed by a state
	government officer 7] all the above
223	As per Mohammedan Law after the death of father of a minor child, the						3
	guardian will be
	1] Father’s brother 2] father’s father 3] executor appointed as per
	father’s will 4] mother
224	A joint SAVINGS account in the name of minor with natural guardian can						5
	be opened if the minor is
	1] minor is above 10 years old 2] above 12 years 3] literate 4] if he goes
	to school or college 5] without any such restriction
225	An illiterate account holder wants to make, his wife, as nominee. who is						1
	also illiterate. Can the bank accept
	1] Yes, if 2 witnesses are available 2] No, illiterate can not nominate 3]
	No, nominee can not be illiterate 4] No, atleast one should be literate 5]
	No, he should be advised to open joint account with E/S
226	Mr Trouble is the nominee in the saving account of MR Wiseman. The						2
	account holder Mr Wiseman expired and the account shows a debit
	balance of Rs 5000/-.MR trouble is having his savings account with you
	and it is having a balance of Rs 6000/-. The bank
	1] Can recover Rs 5000/- from Mr Trouble 2] can not recover from Mr
	Trouble 3] can do right of setoff with nominee’s saving account 4] can
	recover only RS 3000/- from MR Trouble
227	Pre shipment credit is available in which of the following type of LC						2
	1] confirmed LC 2] Red clause LC 3] green clause LC 4] irrevocable LC

228	In terms of provision contained in “prevention of money laundering act						2
	2002, banking companies should maintain all the records for a period of -
	----- from the date of cessation of the transactions

	1]	8 years 2] 10 years 3] 5 years 4] 3 years
229	If a bank sanctions advance upto -------- crores for micro small service						3
	enterprise, it will fall under priority sector.
	1]	1 crores		2] 3 crores 3] 5 crores 4] 10 crores 5] no limit
230	How much INR can a resident carry when he goes to a foreign country						5
	1]	5000 2] 10000 3] 7500 4] 10000 5] 25000
231	The garnishee order is not applicable when issued on a single name						5
	1] joint accounts 2] when drawing power is available in over draft
	accounts 3] articles kept in safe deposit locker 4] amount deposited for
	purchase of DD by that individual 5] all the above
232	Minimum tenure of NRO time deposits is						1
	1]	7 days 2] 15 days 3] 1 year 4] 6 months
233	NRI can be sanctioned maximum loan of Rs-------- against NRE/FCNR						4
	receipts
	1]	Rs 10lakhs 2] Rs 100 lakhs				3] no such restrictions 4] as decided by
	individual banks as ceiling is removed
234	Complaint with banking ombudsman should be filed within--------year of						1
	cause of action
	1]	1 year 2] 2 years 3] 1 month				4] 30 days
235	The maximum award that a banking Ombudsman can award is						1
	1]	10 lakhs 2] 5 lakhs 3] 1 lakh				4] 50000
236	Complaint with COPRA is to lodged within -------- years of cause of						2
	action		1]1 year 2] 2 years 3] 30 months 4] 1 month
237	An open bearer cheque favouring M/S OM ISPAT LTD FOR Rs 125000/-is						4
	presented for cash payment.
	1]	It can be paid after deduction of BCTT 2] it can be paid after
	establishing the identity of the company 3] it can be paid after confirming
	from drawer of cheque 4] It can not be paid in cash as it should be
	collected through their bankers
238	Through RTGS funds can be transferred from						3
	1] designated branches of same bank 2] designated branches one bank
	to designated branches of other banks 3]1 & 2 4] between banks and RBI
	only
239	Deduction for resident Disabled persons on case of severe disability						5
	under sec			80 U is
	1]	40000		2] 80000	3] 30000	4] 100000 5]12500
240	At present the rate of service tax including education cess is						6
	1]	10% 2]10.2% 3] 12.24% 4] 10.3 %.5] 12.36% 6] 14%
241	The minimum no. of shares that can be held in demat form						1
	1]	1	2] 50 3] 100 4] MARKET LOT
242	One Kilo bite is equal to						2
	1]	1000 bites 2] 1024 bites 3] 1042 bites 4] 1030 bites
243	RECEIPT –where any money or any bill of exchange ,cheque or						2
	promissory note is acknowledge to have been received will attract stamp
	duty if the amount exceeds
	1]	Rs 500/- 2] Rs 5000/- 3] Rs 100/- 4] Rs 10000/-
244	The risk that arises to a bank due to failure of internal process is called						1
	1] operational risk 2] credit risk 3] liquidity risk 4] Forex risk
245	P & Q are having locker with operational instructions E/S. P reports loss						2
	of key. Q comes to operate with key . NOW you will
	1]	Allow Q to operate 2] allow only joint operation 3] advise Q to
	surrender the locker 4] obtain a letter from Q that key is found then
	allow him to operate

246	A power of attorney holder of a locker holder approaches for surrender						1
	of locker. As per PoA, he has powers to operate the locker.
	1]	POA can not surrender

	2]	POA can surrender
	3]	POA can surrender if locker holder is alive
	4]	POA can surrender if he is well known in the locality
247	Mr. X and Y are having a joint savings account [operation jointly] in									2
	which they have nominated Mr. A. On death of Mr. X, Mr A approaches
	the bank for payment
	1]	Being nominee, payment would be made to A 2] payment would be
	made to Y and legal heirs of X 3] payment will be made to Y 4] Y will
	alone operate the account and nominee can not step in
248	Maximum cover amount under credit guarantee for loan above 50 lakhs									5
	is
	1]	Rs.37.50 lakhs 2] Rs 50 lakhs 3] Rs 10 lakhs 4] 5 lakhs 5]18.75 lakhs
	5]	50% of default amount
249	Mr. Sharma has given irrevocable power of attorney to Mr. Verma to									2
	operate his current account for one year. After 3 months, he gives notice
	to the bank that Mr. Verma's authority stands withdrawn. On the
	contrary, Mr. Verma's plea is that since he has been appointed as agent
	for one year, he has every right to operate the account. What will be the
	position of the bank now?
	1]	MR Sharma can not revoke it before 1 year 2] bank has to accept and
	should not allow MR Verma to operate any further 3] MR Sharma can
	not revoke because it is irrecovable 4] The account will be operated
	jointly by both for remaining 9 months because of dispute
250	A cheque-dated sep 12, 2009 is presented for payment on sep 27,									2
	2009. It is however observed that the cheque book from which the
	cheque was issued was issued to the customer on sep 22, 2009 What
	would the bank do with the cheque?
	1] return the cheque 2] the cheque would be paid, if otherwise in order
	3] get the date changed from drawer and thereafter pass the cheque
251	The un reconciled inter branch entries which are-------------------									2
	months old ,the bank has to make provision of -----------%
	1]	3 and 50 2] 6 and 100% 3] 12 and						75% 4] 18and 100%
252	If shares in the electronic form are converted into physical form, the									2
	process is known as
	1]Dematerialization 2] rematerialisation 3]								can not be converted into
	physical form as they are already destroyed 4] Mutilisation
253	LOK ADALAT has been setup under the provisions of									3
	1]	RBI ACT 2] SARFAESI ACT 3]LEGALSERVICES AUTHORITYACT 4] BR
	ACT
	The financial results of AB Bank reveals the classification of its non-
	agriculture credit portfolio [of Rs.10000 cr] as on 31.03.2010 under
	standard assets Rs.9500cr. Sub-standard secured Rs.150cr and
	unsecured Rs.50cr. doubtful up to 12 months [DF1] 200cr, doubtful for
	more than 12 months but up to 3 years [DF II] Rs.50cr and doubtful
	above 3 years [DF III] Rs.30cr and loss assets Rs.20cr. Based on the
	above information, choose the correct answer
254	Provisioning requirement for sub-standard accounts would be									4
	1]	Rs.20cr	2] Rs.40cr.			3] Rs.25cr			4] Rs.35cr
255	If the realizable value of security for DF I advances is Rs.150cr the									5
	provision required on DF-1 accounts would be
	1]	40cr.	2]	120cr.	3]	30cr.	4]	80cr. 5] 87.50 cr
256	If the realizable value of security for DF II advances is Rs.30cr. the									5
	provision required on DF-2 accounts would be
	1]	20cr.	2]	29cr.	3]	36cr.	4]	35cr. 5] 32 cr
257	If the realizable value of security for DF III advances is Rs.10cr the									2
	provision required on DF-3 accounts would be
	1]	25cr.	2]	30cr	3]	20cr	4]	none of the above

258	Provision for total NPAs would be								4
	1]	184cr.	2]	164cr.	3]	150cr.	4]	204.5 cr
259	Interest on FCNR deposit is compounded at -------------------- intervals if								4
	opened for 1 year
	1] quarterly 2] half yearly 3] every 180days 4] only simple interest will
	be paid as there is no compounding effect
260	A retired staff is a NRE now .he opens a FCNR account .can the bank								5
	allow 1% INTEREST MORE THAN THE APPLICABLE RATE TO public?
	1]yes 2] it is upto the individual bank3] as per RBI ,the bank may allow
	such that it does not exceed the cap rate 4] ex staff can not be NRE
	5] not allowed
261	Your branch opens a HUF saving a/c in which the Karta is staff member.								3
	1% additional interest is demanded by him .you will
	1] allow if his wife is only other coparcener
	2] allow if all coparceners are dependents on him
	3] you can’t allow
	4] allow provided he gives a declaration that money belongs to him
262	In a Cash Credit Account the limit is Rs.2,00,000/- and the Stock								3
	Statement shows the Value of Stocks is Rs. 3,00,000/- out of which
	Rs.1,00,000/- is obtained on credit. If the margin is 25% the Value of
	Drawing Power will be
	1]1,95,000/- 2]2,25,000/- 3] 1,50,000/- 4]2,00,000/-
263	Which is a condition for sanctioning loan in INR against NRE(TD) and								4
	FCNR deposits
	1] loan can not exceed Rs 50 lakhs 2] loan can not exceed Rs100 lakhs
	3] loan can not be repaid from the maturity proceeds of receipt against
	which loan was sanctioned.4] The NRE(TD) or FCNR(B) can not be
	prematurely closed if loan against it is given
264	When no time is mentioned in BE or PN, it becomes payable as per								1
	sec 19 of NI Act
	1] on demand 2] within 3 days of presentment
	3] in valid instrument 4] within 6 months from demand
265	A,B AND C are having a current account operated jointly by all of them								1
	.A stop payment instruction is issued by						C only and the cheque is
	presented in clearing. You will
	1] return the cheque with reason payment stopped by drawer 2]return
	the cheque with reason				payment reportedly stopped by drawer and
	confirmation awaited 3]				The cheque can be passed if otherwise in order
	as it was not given by all three jointly 4] Seek instructions from
	controlling office
266	Who will not get additional interest of 1% in savings account in the								5
	following accounts
	1] staff/retired staff having account singly/jointly with dependents
	2]widow/widower of staff member 3]senior citizen above 70 years
	4]senior citizen above 60 years 5] 3 &4
267	Which of the following is/are to be mentioned in statement of accounts								4
	or pass book given to customers
	1]complete address 2] telephone number 3]e mail address 4]all the
	above 4]1 & 2
268	Under Hypothecation charge								3
	1]The ownership and possession of goods are with Bank
	2]The ownership is with borrower but possession is with Bank
	3]The ownership and possession are with borrower
	4]The ownership is with Bank but possession with borrower
269	SERVICE TAX collected during a month						IS to be remitted		1
	1] by 5th		of next month 2]by 25 th of next month 3]by 15^th of next
	month 4]last day of same month

270	MOC[ memorandum of change] need not include				3
	1]all entries of Rs 10000 and below 2]all entries below Rs10000 3]all
	entries of Rs10000 & below other than not affecting advances 4]no such
	exemption
271	In structural liquidity statement [ALM] the deposit and advances are				1
	divided into---------- time buckets
	1]10	2]6	3] 5	4] 7
272	Provision as per prudential norms is applicable to				5
	1]standard assets 2] substandard assets 3] doubtful assets 4] loss
	assets 5]all the above
273	As per asset classification which of the following is correct				4
	1]if the individual account of proprietor is NPA ,then automatically the
	account in the name of proprietor is NPA
	2] If the partnership account is NPA, then personal accounts of partners
	will be NPA
	3]If the personal account of one partner/partners is NPA, the partnership
	account need not automatically treated as NPA
	4] all the above
274	How Many Joint Account Holders Can Be There In A DEMAT ACCOUNT [				1
	both for credits and debits]
	1]32]13]4		4] no limit
275	Which of the following is correct				4
	1]Ghosh committee recommendations-relating to frauds and
	malpractices in banks
	2] Jilani committee recommendations-relating to internal
	inspection/audit in banks
	3] Both the committee recommendations are –related to Anti money
	laundering 4] 1 & 2
276	The lock in period for invocation of guarantee under CGTMSE is -------				1
	months	1] 18	2] 24 3] 12 4] no lock in period
277	Risk weight assigned to advances to individuals for investment in equity				1
	shares is
	1]125% 2]100% 3] 75% 4] 50%
278	Risk weight assigned to advances to commercial real estates exposure is				1
	1] 100% 2] 125% 3] 75% 4] 50% 5] 150%
279	The DICGC gurantees deposits of banks				2
	1] 1 lakh principal + 1 lakh interest 2] principal and interest together
	Rs1 lakh 3] only principal 1 lakh 4] only interest 1 lakh
280	The authority to impound counterfeit notes is				4
	1] all branches of public sector/private sector/foreign banks
	2]all branches of RRBs /and cooperative banks
	3] all RBI issue offices 4] all the above
281	In the Case of Certificate of deposits ,which is incorrect				5
	1] duplicate CD can be issued 2] duplicate CD does not attract stamp
	duty 3]an indemnity is to be obtained 4] notice to be given in local
	newspaper before issuance of duplicate 5] none of the above

282	Loan against CD[Certificate of Deposit] can be given				3
	1] 90% of face value 2] 90% of discounted value 3]no loan can be given
	4] 75%of discounted value
283	The ceiling on isuance of CD for banks is				4
	1] 100% of net worth 2]10%of total deposits as on 31 st march 3]10%
	advances as on 31^st march			4] Banks are free to issue as per their
	requirement
284	CD can not be issued to				5
	1] individuals 2] corporates 3] NRI[ non repatriable] 4] trusts
	5] none of the above

285	The minimum amount of withdrawal/deposit into currency chest is					1
	1]Rs 100000/- & thereafter multiples of Rs 50000/-
	2]Rs 50000/-& thereafter multiples of Rs 50000/-
	3] Rs 100000/- & thereafter multiples of Rs 100000/-
	4] Rs 50000/- & thereafter multiples of Rs 100000/-
286	CRR is to be maintained					4
	1] 100% on daily basis 2] at least 70% on all days of fortnight
	3] at least 99% on all days of fortnight 4] at least 95% on all days of
	fortnight 5] any amount but the average should be the stipulated
	amount 6] atleast 50% on all days of fortnight
287	Penal interest for default of SLR is					4
	1] 3% above BR on default day 2] 5% above BR if default continues on
	succeeding working day 3] no penal interest as banks do not get any
	interest from RBI 4] 1 & 2
288	The number of times extension can be sought in PPF accounts is					3
	1] 3 times 2] 5 times 3] no limit 4] no extension is allowed
289	In case of pension account the following is/are correct					5
	1] cheque book can be issued 2] standing instructions can be accepted
	3] 1 but not 2 4] not 1 but 2 5] both 1 & 2
290	In which of the following cases there can be more than one nominee					4
	1] savings account in Two names-operated E/S
	2] saving account in two names- operated jointly
	3] SDV in the name of two persons- operated E/S
	4] SDV in the name of two persons – operated jointly
291	MR Q has hired a locker on 14-04-2008 and he gives a power of attorney					1
	to his daughter aged 12 years. the bank
	1] will accept 2] will not accept because she is a minor 3] will not accept
	as power of attorney is not allowed in locker
292	Form A1 is used for					5
	1] imports 2] other than imports 3] statement to RBI for transactions in
	NRI account 4] Transactions in FCNR account 5] stands abolished
293	Bank shall reimburse wrongly debited ATM transactions in terms sec 18					3
	Payment & settlement System Act 2007 within ----- days receipt of
	complaint
	1]10		2] 25	3] 7	4] 12
294	Who can not open NRE/NRO/FCNR accounts					4
	1] scheduled commercial banks 2] cooperative banks 3] Regional Rural
	banks 4] none of the above
295	If	outstanding housing loan balance is Rs 25 lakhs and excluding				3
	interest and other charges of Rs 5 lakhs and the realisable value of
	security is 40 lakhs, the LTV ratio is
	1]	62.5% 2] 50% 3] 75% 4] data is insufficient
296	What is the break even point in terms of sales					2
	Projected sales Rs 120 fixed costs Rs 20 variable costs Rs 80 profit Rs
	10		1] 100 2] 60 3] 40 4] 12 5] none of these
297	Current Ratio denotes					3
	1] productivity 2] solvency 3] liquidity 4] all of these 5] none of these
298	A presents a			bearer cheque dated 31-02-07 on 28-02-07 for cash		1
	payment which is otherwise in order
	1] you will pay the cheque 2] return the cheque 3] advise A to change
	the date & present it				4] advise A to get the date changed by drawer
299	MR S is having saving account. MR w is the power of attorney holder.					1
	MR S comes to the branch on 10-02-2008 and revokes the power of
	attorney . A cheque dated 05-02-08 favouring “ High court ,mumbai “ is
	presented in clearing signed by MR W after 10-02-08. now you will
	1] return the cheque 2] pass the cheque as it is issued prior to date of
	revocation 3] pass it otherwise it will be contempt of court 4] pass it

	after re confirming from MR R
300	A cheque is dated --/05/09,and presented for payment on 31/05/09	2
	which is otherwise in order. You will
	1] honour the cheque as 31^st is the last day of month 2] return it as it is
	incomplete date 3] put the date stamp and pass it 4] cash payment can
	not be made and it can be presented in clearing
301	In terms of sec 99 of NI act 1881 noting can be done on	4
	1] on the instrument 2] on a paper 3] partly on the instrument and
	partly on paper 4] all the above
302	Bank must maintain the secrecy of information of account holders as per	3
	1] sec 13 of RBI act 2] SEC 13 OF B R act 3] sec 13 of banking
	companies[acquisition and transfer] act 4] sec 13of NI act
303	It has been decided by RBI that ----------- information should also be	3
	made available in the passbook / statement of account of the account
	holders 1] MICR code 2] IFSC code 3] both 4] none
304	Factoring involves	1
	1] services related to collection and accounting of receivables/sales
	2] services related to project management
	3] financial derivatives 4] debt instruments 5] none of the above
305	One of the conditions for CGTMSE cover is that the rate of interest	4
	should not exceed ---------.
	1] 18% 2] base rate 3] base rate+3% 4] base rate+4%
306	The time limit for settlement of claims in respect of deceased depositors	1
	and release of payment to survivor/nominee should be done within a
	period of not exceeding [as per BCSBI]
	1] 15 days 2] 30 days 3] 45 days 4] 1 year
307	Immediate credit of outstation /local cheques facility is available to	5
	individual depositors of
	1] savings account 2] current account 3] cash credit account
	4] overdraft account 5] all the above
308	In terms of sec 144 of NI act ,the mode of sending summons can be by	4
	1] speed post 2] authorized courier of court 3] personal messenger only
	4]1&2
309	Which of the following statement/s are false	6
	1] no bank can give loan against their own shares
	2] no bank can give loan against partly paid shares
	3] no bank can give loan against gold/silver bullions
	4] no bank can give loan against certificate of deposits
	5] no bank can give loan against other bank fixed deposit receipts
	6] no bank can give loan against other branch fixed deposits
310	High value clearing to be given credit on ------	4
	1] next day 2] same day 3] third day 4] high value clearing is no more in
	existence
311	As per KYC norms,branches should monitor	3
	1] cash deposits 10 lakhs and above in deposit accounts
	2] cash payment of 10 lakhs and above in deposit accounts
	3] cash receipt/cash payment Rs. 10 lakhs or above in deposits accounts
	including CC/OD
	4] Only cash deposit in Savings account for Rs 10 lakhs and above
312	For KYC norms customer means	6
	1] a person or entity that maintains an account or business relationship
	2] one on whose behalf the account is maintained 3] beneficiaries of
	transactions conducted by professional intermediaries such as stock
	brokers/Charterd acountants etc
	4]any person or entity with financial transaction which can pose
	significant reputation or other risks to the bank[a wire transfer or issue
	of high value DD] 5] 1 to 3 6] 1 to 4

313	Which of the following will come under “ deficiency of service’ of bank as	5
	per consumer protection act
	1] failure to refund deposit amount on maturity 2] non refunding the
	money to purchaser on account of loss of travelers cheque 3] delay in
	crediting pension 4] not intimating the depositor when the cheque is
	misplaced accepted in clearing 5] all the above
314	Under consumer protection act 1986,the district forum can entertain	1
	complaints where the value of goods and services and compensation
	claimed
	1] not exceeding 20 lakhs 2] not exceeding 1 crore 3] 1 crore and above
315	A Demand draft is issued for Rs 95/-.You will punch the holes	1
	1] OT AND 0 2] OT AND 9 3] TT AND 0 4] TL AND 9
316	Within what time a duplicate demand draft is to be issued to the	1
	purchaser if all the papers are submitted
	1] within a fortnight 2]within 6 months 3] no such time limit 4]within 3
	days
317	What is to be checked before allowing operation in a safe deposit locker.	4
	1]signature and operational instructions 2] pass word 3] whether rent is
	due 4]all the above
318	When does a Term loan Become NPA?	3
	1. When interest remains overdue for a period 2}When
	installment of principal remains overdue for more than 90 days
	3] When interest and /or installment of principal remains overdue for a
	period of more than 90 days 4] When interest and/ or installment of
	principal remains overdue for a period of more than 91 days
319	When does a Loan granted for long duration crop become NPA?	4
	1]If the installment of principal remains overdue for 2 crop seasons
	2]If the interest remains overdue for 2 crop seasons
	3]If the installment of principal or interest remains overdue for 2 harvest
	season or two half year whichever is earlier
	4]If the installment of principal or interest remains overdue for 1 crop
	season
320	A C/C a/c should be treated as out of order?	4
	1. If the outstanding balance remains continuously in excess of
	sanctioned limit for 90 days 2] If there are no credits continuously for
	90 days or credits are not enough to cover the interest debited.3] If
	the outstanding balance remains continuously in excess of sanctioned
	limit/drawing power for 90 days 4] All above

321	A C/C account becomes NPA					1
	1] when the account remains out of order
	2] if the account remains 90 days out of order
	3] if the account is over due for more than 90 days
	4] when the security is nil
322	As of 31.03.2013 a substandard asset would be one					3
	1. Which has remained in NPA for a period of less than 12 months
	2. Which has remained in NPA for a period equal to 15 months
	3. Which has remained in NPA for a period equal to 12 months
	4. Which has remained in NPA for a period of less than or equal to 18
	months
323	As of 31.03.2013 a Doubtful asset would be one					3
	1. Which has remained in substandard category for a period of less than
	12 months
	2. Which has remained in substandard category for a period of less than
	24 months
	3. Which has remained in substandard category for a period exceeding
	12 months
	4. Which has remained in substandard category for a period of more
	than 18 months
324	The outstanding in the account based on Drawing power calculated from					4
	stock statements older than 3 months would be deemed as:
	1] NPA	2] Borderline NPA	3] Standard B		4] Irregular
325	An a/c where regular/adhoc limits have not been reviewed/renewed					3
	within 180 days from the due date a/c will be treated as
	1] Irregular	2] Standard	3] NPA	4] Borderline NPA
326	When a NPA can be upgraded?					3
	1] if the arrears of interest are paid in full 2] if the arrears of principal
	are paid in full 3] if the arrears of principal and interest are paid in
	full 4] after one year of entire dues are paid
327	In terms of prudential norms, income is not recognized on accrual basis					4
	but on actual basis. It is applicable to
	1] advance against NSCs eligible for surrender 2] advance against time
	deposits 3] advance against life policies 4] Advance against Gold
	ornaments
328	A state govt. guaranteed advance will become NPA as of 31.03.2011 if					3
	1]if interest remains overdue for more than 90 days				2]if principal
	remains overdue for more than 90 days 3]if interest and/or
	principal or any other amount due to Bank remains over due for
	more than 90 days 4]if guarantee is invoked and repudiated only
329	A trading a/c can be considered for restructuring					4
	1]before commencement of commercial production
	2]after commencement of commercial production
	3]after commencement of commercial production and before
	classification as substandard 4]not eligible
330	If an advance has remained in doubtful category for more than 3 years					1
	as of 31.03.2013, the provisioning requirement as of March, 2013 will be
	1] 100 % of the secured outstanding & 100 % of unsecured
	2] 75% of outstanding & 75% of secured
	3] 100% of the outstanding
	4] 60% of the secured outstanding
331	If an advance has been classified as doubtful as of 31.03.2013 it will					3
	attract provision @ on 30/09/2013
	1] 60% of the secured & 100 % of unsecured
	2] 75% of the secured & 100 % of unsecured
	3] 25% of the secured & 100 % of unsecured
	4] 30% of the secured & 100 % of unsecured

332	If a substandard asset has been identified as unsecured exposure ab-						4
	intio[the security not more than 10%] it will attract provision
	1] 10% on net outstanding			2] 10% on total outstanding
	3] 25% on net outstanding			4] 25% on total outstanding
333	In non suit filed NPA accounts ,if any recovery is made ,it will be						1
	appropriated first to [check with your bank]
	1] URI 2] towards uncharged interest 3] towards principal 4]					towards
	interest suspense account
334	Sacrifice means						4
	1] write off of ledger dues			2] write off legal charges		3] waiver
	of interest		4] all above
335	Who can be an Authorised Officer under Securitisation Act 2002						4
	1] Branch Manager 2] Senior Manager				3] Chief Manager
	4] Chief Manager & above
336	when the principal debtor defaults in fulfilling his promise and the surety						2
	meets his liability to the creditor, the surety steps into the shoes of the
	creditor and acquires all the rights of the creditor against the principal
	debtor
	this known as 1] right of set off 2] right of subrogation 3] right of
	indemnifier 4] doctrine of indoor management
337	An account was classified as standard asset as on 31-03-12 However as						3
	on 31-03-2013 you find the value of security is eroded that now the
	realistic realizable value will be less than10% outstanding balance. You
	will classify it as on 31-03-13
	1] substandard 2] doubtful 3] loss asset 4] standard asset
338	STAR Series note issued by RBI is						6
	1] a legal tender 2] not a legal tender 3] It is replacement of defectively
	printed notes 4] the packet containing the Star series will contain 100
	bank notes but not in the serial order 5] star appears between the Prefix
	and the number 6] all the above except 2
339	what is the prescribed margin to be maintained by banks while						4
	advancing against their on shares
	1]0%	2] 50% 3] 20% 4]bank can not allow loan against their own
	shares
340	In the following which is a purchase transaction						5
	a]The bank issues a DD on London for GBP 100
	bThe customer purchases a TT on New York for USD 500
	c]A Traveller encashes at the bank a TC for GBP 500
	d]The Bank purchases a demand draft on London for GBP 50
	1] a	2] b	3] a & b	4] a & c 5] c&d
341	The agreement to buy and sell foreign exchange agreed upon and						1
	executed on the same day the transaction is known as
	1]Cash transaction
	2]Spot transaction
	3]Forward contract
	4]Option
342	In foreign exchange operations ,normally day light position is -------------						2
	-------- Overnight position
	1] less than 2] more than 3] equal to 4] twice

343	Capturing electronics features of a cheque through electronic transmission						2
	is called
	1] Electronic cheque 2] cheque truncation 3] core banking 4] inter net
	banking

344	A2[used for other than import] form is not required up to	5
	1] USD 500 2] USD 2500 3] USD 5000 4] USD 10000
	5] USD 25000

345	It is obligatory on the part of A.D. to ensure that the importer submits	2
	documentary evidence of import if the value of Foreign Exchange
	remitted/ paid exceeds
	1]USD 25000
	2]USD 100000
	3]USD 10000
	4]USD 5000
346	Import and export trade is regulated by	3
	1]Government of India
	2]Reserve Bank of India
	3]DGFT
	4]FEDAI
347	Authorised dealers in foreign exchange maintain accounts with	1
	correspondents/branch offices abroad. Such accounts are known as:
	1]Nostro Accounts
	2]Vostro Accounts
	3]Loro Accounts
	4]Adjustment accounts
348	In NRE and FCNR account repatriation is allowed	4
	1] principal 2] interest 3] both after deducting TDS
	4] both 1 & 2

349	CDR Mechanisim is applicable to outstanding fund based and non fund	2
	based exposure of Rs -------- and above
	1] 25 crores 2] 10 crores 3] 1 crore 4] 5 crores

350	Which of the following can not open NRE & FCNR accounts	4
	1] COOPERATIVE BANKS 2] RRBS 3] PRIVATE SECTOR BANKS 4] NONE

351	A NRI having NRO[saving] account is aged 67 years.He submits Form15H	2
	and requests you not to deduct TDS.
	1]accede to his request 2] NRIcan not submit form 15 H 3] as no TDS is
	applicable in savings account ,you may advise him not to submit any form
	4] Refer the matter to RBI
352	An airhostess employed by Air India often on duty on flights involving	3
	destinations like London, New York, Tokyo etc, she is entitled to open
	only:
	1]an ordinary non-resident account
	2]a non-resident [external] account
	3]only an account in Indian rupees like any other resident in India
	4]is not entitled to maintain any account
353	All letters of credit should clearly indicate whether they are revocable or	1
	irrevocable In the absence of such an indication:
	1]the letter of credit is to be treated as irrevocable
	2]the letter of credit is to be treated as revocable
	3]the letter of credit is to be treated as an ambiguous instrument and
	should be returned to the opening bank
	4]The letter of credit may be treated as irrevocable if an expiry date is
	stipulated; otherwise it is revocable letter of credit

354	An “irrevocable” letter of credit is one:	3
	1]which cannot be revoked or amended under any circumstances
	2]which can be revoked or amended at any time before the goods called
	for the shipped; but once the goods are shipped it can neither be revoked
	nor amended
	3]which can be revoked or amended only if mutually agreed upon by all
	the parties concerned
	4]which can be revoked only on the discretion of the beneficiary
355	The “beneficiary” of a letter of credit is:	3
	1]the importer-buyer at whose request his bank establishes the letter of
	credit
	2]the bank who ultimately negotiates the documents drawn thereunder
	and seeks reimbursement from the opening bank.
	3]The exporter-seller in whose favour the letter of credit is established
	4]the shipping company, insurance company, and all other institutions
	who benefit by the establishment of the letter of credit in question
356	A revolving letter of credit means:	3
	1]a credit where documents may be drawn and negotiated without any
	limit
	2]A credit where no expiry date is stipulated
	3]A credit where documents may be drawn upon a maximum amount
	indicated, and that amount becomes available for negotiation again as
	soon as the previous drawings is/are paid
	4]A credit which is available to more than one beneficiary subject to the
	total amount not being exceeded.
357	An import licence is issued by:	3
	1]Reserve Bank of india
	2]Ministry of Finance, Government of India
	3]Chief Controller of Import’s and Exports, Ministry of Commerce,
	Government of India
	4]Foreign Exchange Dealer’s Association of India
358	A “Red Clause” letter of credit is one:	2
	1]]which is issued in favour of beneficiaries in the Russia and other
	countries of the CIS Block
	2]which provides for pre-shipment advances to be granted to the
	beneficiary to be recovered from the proceeds of drawings thereunder
	3]where some important clauses are printed in red-ink
	4]which can be cancelled without notice.
359	“Incoterms” refers to:	3
	1]standard contract terms in international trade laid down by the UNO
	2]standard contract terms in international trade laid down by the
	European Economic Community
	3]standard contract terms in international trade laid down by the
	International Chamber of Commerce
	4]standard contract terms in international trade laid down by the
	Federation of Indian Chambers of Commerce and Industry
360	‘R’ Returns which are required to be submitted to Reserve Bank of India	2
	pertain to:
	1]advance given to small-scale industries
	2]foreign exchange transactions made by the authorised dealers
	3]advance given to exporters
	4]advance given to priority sectors
361	‘R’ Returns are required to be submitted to Reserve Bank of India:	5
	1]weekly 2] 15^th and the last day of each month
	3] fortnightly 4] yearly 5] 2 and 3

362	When a Non resident becomes resident his NRE accounts can be		2
	converted in to
	1] RFC[domestic] 2] RFC account 3] NRO account 4] nostro account

363	What is the lock in period for repatriation purpose of house property		3
	purchased out of local funds by non resident
	1]10years 2] 5 years 3] no lock in period 4] 3 years

364	Demand loan against FCNR[B] can be given to the account holder in		5
	1] indian rupees 2] in foreign currency 3] loan can not be given 4] can be
	given with permission of RBI	5] 1&2

365	As per the revised guidelines which of the following is true as per CDR		3
	system
	1] category 1 CDR will be applicable for to Standard and Sub standard
	accounts 2] category 2 will be applicable for doubtful assets 3] both 1 & 2
	subject to certain conditions 4] applicable only to loss assets
366	Lock in period for repatriation	of sale proceeds of residential property	3
	purchase by NRI/PIO out of foreign exchange
	1] 3 years 2] 10 years 3] no lock in period 4] 5 years

367	Relating to above question how many such properties this rule will be		2
	applicable
	1] not more than one 2] not more than two 3] not more than three 4] no
	such limit

368	A Pensioner [central government] has become a NRI and he requests to		3
	repatriate his pension every month. In this case
	1] Once he becomes NRI ,he is not eligible for pension 2] not eligible for
	repatriation as it a local receipt 3] repatriation is allowed 4] with the
	consent of RBI ,repatriation is allowed
369	Liberalised remittance scheme is available to		1
	1] resident individual 2] partnership firms 3] HUF 4] all the above

370	What is the limit for one financial year under liberalized remittance		7
	scheme 1] usd 25000 2] usd 50000 3] usd 1 million 4] usd 2 lakh
	5]USD 75000 6] usd 125000 7] USD 250000
371	Which of the following persons can open NRO account		5
	1] A foreign tourist coming to India 2] non resident Indian 3] A NRI who
	has become a resident 4] A person holding a dual citizenship staying in
	India 5] 1 and 2 6] 1 to 4

372	Which of the following is correct		3
	1] Bankers have right to combine one or more accounts of the
	same customer 2] A customer has no right to treat two
	accounts as one or combine them 3] Both 4] none of the above

373	A & B are having a saving a/c with instruction former or survivor. C is the		1
	nominee in this account Now B has expired and the legal heirs of B object
	to the operation of the a/c by A Now you will
	1]Allow A to operate the a/c
	2]Stop operation in the a/c
	3]Pay the balance to A & legal heir of B & close the account
	4]Pay the balance jointly to A, legal heir of B and nominee

374	A & B are having current account				operated jointly by A & B In this			4
	account, who can deposit cash more than Rs. 10 lakhs
	1] No one	2] either A or B 3] both jointly					4] anybody can deposit

375	A current account holder has given you balance confirmation as on							2
	31.01.12	On 10.02.12 he comes to the branch and protests that bank
	had passed a cheque on 22.10.08 for Rs. 10000/- not signed by him &
	somebody had forged signature
	1]The customer lost the right as he already signed balance confirmation
	2]The customer has every right to lodge a complaint and it has to be
	examined
	3]As already 3 years have elapsed, it is a time barred complaint and
	hence not valid
376	In a joint account which of the following is true							4
	1]Insanity of a joint a/c holder countermands any authority given as
	regards operation of a/c which should be stopped
	2]The insolvency of a joint a/c holder puts an end to the mandate and the
	operation of the account will cease
	3]In case of dispute amongst the a/c holders, the earlier operation
	instruction comes to an end and it will be considered joint operation
	by all
	4]All the above
377	If a person does not have PAN at the time of opening a/c he can submit							3
	1] Form No.60		2] Form No.61 if he has got exclusively agriculture income
	3] Form No, 60 or 61 as per the case, but with documentary evidence for
	proof of address

378	An overdraft account shows a debit balance of Rs.15000/- the borrower							3
	expired and bank had received the death certificate A cheque of
	Rs.10000/- was deposited and afterwards a debit of Rs.6000/- was
	allowed Now the liability will be
	1] Rs. 11000		2] Rs.6000		3] Rs.5000		4] Rs.9000
379	A hundred basis points equal to							2
	1] 0.1%	2] 1%		3] 0.001%		4] 100%

380	The interest for NRO savings account is							6
	1] 1.5% 2] 3.5% 3] 4% 4] 3% 5] 2.1% 6] each bank can fix

381	Preservation of banks record is governed by							1
	1] Sec 45Y of BR act			2] Sec 45Z of BR Act
	3] Sec 45ZC of BR act			4] Sec 45ZE of BR act

382	In NRE & FCNR which of the following is repartriable							1
	1]Principal & interest 2]Only principal 3] Only interest is
	repatriable 4]Neither principal nor interest

383	Transferable LC can be transferred only _____							1
	1] once	2] twice		3] thrice		4] no limit

384	The registration of partnerships to be done with							4
	1]Registrar of companies
	2]Registrar of assurance
	3]Registrar of societies
	4]None of the above
385	DIS in Demat account is							2
	1] Deposit insurance slip 2] delivery instruction slip
	3] demand instruction slip 4]demat instruction slip

386	In an Exchange Quotation, the rate is mentioned as USD 60.61/63. What							2
	is Selling Rate?
	1] 60.61 2] 60.63			3] 63 4] cannot be found

387	The application form for obtaining TAN [tax accounting number] is							2
	1] 49A 2] 49 B		3] 16A 4] 61A

388	Central scheme for interest subsidy is available in case of Education loans							3
	for students belonging Economically weaker section. The monetary
	ceiling[EWS] for		annual income of the parents of the student is
	1] 2.5 lakhs 2] 3.5 lakhs 3] 4.5 lakhs 4] 5 lakhs

389	Limitation period in case of lien							3
	1]3 years from date of document
	2]3 years from the latest debit balance
	3]No limitation period 4] 10years from document

390	Interest on PPF is calculated on the least balance from							2
	1]10^th to last day of month
	2]5^th to last day of month
	3]balance as on last day of month 4] On Daily Balances

391	In which of the following accounts, TDS on interest is to be deducted							6
	1] Savings a/c 2] NRO [savings] 3] NRO[RDS] 4] NRE[savings]
	5] all the four	6] 2&3 only
392	A cheque is endorsed in blank followed by an endorsement in full.							3
	1]It becomes
	2]payable to bearer
	3]payable to or to the order of the last named endorsee and requires his
	endorsement before payment
	4]it is an irregular endorsement
393	A cheque drawn in favour of the official liquidator was presented by him							2
	for payment over the counter
	1]it can be paid if otherwise in order
	2]it can not be paid as it should be collected through his bank where he is
	having account
	3]it can be paid if he gives a stamped receipt
	4]it can be paid after confirmation of his appointment as liquidator
394	A is an un-discharged insolvent known to the bank. He comes and							1
	presents a cheque issued in his name across the counter You will
	1] not pay cash 2] advise him to collect through his banker
	3] insolvency does not bar him from receiving cash

395	To get protection under Sec 131 of NI Act collecting banker should collect							3
	the cheque
	1] crossed generally			2] crossed specially		3] 1 or 2 4] crossed
	a/c payee	5] crossed not negotiable

396	The endorsement on the cheque is fictitious and the collecting banker							2
	failed to check it		the cheque is paid by the paying banker
	1]collecting banker is not protected
	2]paying banker is protected
	3]collecting banker & paying banker are protected
	4]both are not protected
397	For deduction of TDS on interest on Time Deposits the bank will give a							2
	certificate in
	1] Form 16AA		2] Form 16A		3] Form 12BA		4] Form 61A

398	Form No. 15G can be given [For non deduction of TDS on interest] by			4
	1] individuals 2] Trusts 3] society 4] persons [other than firms &
	companies]

399	TDS on Rent paid by branches is to be deducted if the rent exceeds			1
	1]	Rs. 180000/- in a financial year
	2]	Rs. 100000/- in a financial year
	3]	Rs. 240000/- in a financial year
	4]Rent is exempted from TDS
400	A garnishee order for Rs.10000/- on the a/c of your customer is served on			2
	your branch. On verification, you find the customer is having only cash
	credit account and if shows a credit balance had of Rs.11000/- Now you
	will
	1] return the garnishee order stating that customer does
	Not have deposit a/c 2] attach the cash credit a/c 3]Cash
	credit a/c cannot be attached unless the limit is cancelled
401	Your branch receives a cheque of Rs.2500 drawn in favour of Mr			4
	ramkumar for payment across the counter. It is observed that the name
	of the payee Mr. Mr ramkumar in the cheque is written in Hindi while the
	other particulars are in English:
	1]	Bank will return the cheque
	2]	Bank will ask Mr. ramkumar to write the name in English also
	3]	Bank will ask the payee to get it corrected in English from the drawer
	4]	Bank will make the payment of the cheque
	5]	Bank will make the payment, after enquiring from the drawer.
402	Provisioning requirement of all types of standard assets [other than			2
	Direct agriculture advance and advance to MSE sector and commercial
	real estates] is
	1]	0.25% 2] 0.4% 3] 1% 4] 2%

403	Bank of India is having an account with Citi Bank New York. Central bank			3
	of India likes to refer this account while corresponding with Citi bank New
	York. it will refer this account as
	1]	Nostro account 2] Vostro account 3] Loro account 4] Demat account

404	The following risk has been introduced in the Basel II accord, for the first			1
	time for the banking industry:
	1]	operational risk	2] liquidity risk 3] settlement risk 4] market
	risk 5] credit risk

405	A bank finds it difficult to repay the short term deposits on maturity to its			2
	deposits because the funds of the bank are locked in long term loans or
	investments. The risk arising from this situation is called:
	1]	Interest rate risk 2] Liquidity risk 3] Operational risk
	4]	Market risk 5] Credit risk
406	Cheque truncation means which of the following:			3
	1] tearing the cheque into pieces 2] sending a zerox copy of the cheque
	for collection 3] electronic image of a cheque
	4]	providing details of the cheque over phone 5] sending original cheque
	to paying bank and retaining an electronic image by the collecting bank
407	The Repatriation of NRO balances can be done by an authorized dealer			6
	provided The account holder submit the following forms wef 01/07/2009
	1]	15 CA 2] 15CB 3] 15CC 4] 15H 5] 15G 6] 1 and 2

408

To be a scheduled bank, what is the minimum paid-up capital and

reserves requirement:

1]Rs.1 lac

2] Rs.2 lac

3] Rs.5 lac

4] Rs.10 lac

Rs.20 lac

409

Banks are to furnish to RBI

the accounts and balance sheet

with the

auditors report within ___ months from end of the period to which they

relate:

2 months

2] 6 months

3] 3 months

5 months

none of the above

410

Any Bank note containing slogans & messages of political nature written

across it, is a

soiled note

2] mutilated note

3] cease to be legal tender 4]

only 50% value will be paid

411

On what balances, the premium payable in advance to DICGC is to be

calculated by the banks:

last working day of March

2] last working day of Mar and Sept

last reporting Friday of March

Last Friday of the year 5] none of

the above

412

In the normal course unless a period of 7 years have elapsed since the

date of disappearance of a person he cannot be deemed to be dead. This

Principle is based on

Sec 108 of evidence act

2] sec. 45 of contract Act

Sec 108 of

N.I. Act

4] Sec 108 of Company Act

413

What is the time schedule during which the premium is to be finally

paid[DICGC]:

within 1 month from beginning of the year

within 2 months from beginning of the year

within 2 months from beginning of the respective half year

within 2 months from last day of the previous year

none of the above

414

Which among the following is the objective of issuing KYC guidelines by

RBI:

check fraudulent activities of the borrowers

check money laundering activities

avoid undesirable customer to enter the banking system

1 and 2

5] 2 and 3

6] 1to 3

415

Under Credit Guarantee Fund Scheme, CGTMSE the maximum eligible

amount

Rs.100 lac

Rs.15 lac

3] Rs.18.75 lac

4] Rs.25 lac

Rs 50 lakhs

416

The rate of USD is quoted as 1USD=Rs 39.40-39.42.The bank agrees to

sell one USD at

1]Rs 39.40 2] Rs 39.42 3] Rs 39.41 4] more than Rs 39.42

5] less than Rs 39.41

417

A Contract where one person promises to save another from the loss

caused by an act of third party is:

Contract of guarantee

2] Contract of indemnity

Both of the above

4] None of these

418

An account is showing balance outstanding of Rs. 4 lac with CGTMSC

cover of 50% and the value of security Rs. 1.50 lacs. The account has

remained doubtful for more than 3 years as on 31-3-2013. What will be

the total provision as on 30-9-2013

2,00,000

2] 2,75,000

3] 2, 37,500

4] 2,50,000

419	RBI has advised that if the extent of reissuable notes in the soiled						2
	remittance is found to be more than ____% the entire remittance is liable
	to the concerned currency chest and the entire amount to be debited to
	the bank and the cost would be recovered.
	1]	2%	2] 5%	3] 8%	4] 10%
420	A	firm has an opening stock of Rs 70000.closing stock of Rs 90000 and					2
	cost of goods sold is Rs240000.The inventory turn over Ratio is
	1]	1.5 2] 3	3] 12 4] data is insufficient

421	Three day’s grace for payment of bills is allowed as per section ......... of						1
	NI Act:
	1]	22	2] 23	3] 24	4] 25	5] 27

422	Mr. sawant is having a clean overdraft account for Rs. 25,000 with a debit						4
	balance of Rs. 20,000. Inspite of repeated reminders, he refused to adjust
	the overdraft account. He is having a safe deposit locker and also safe
	custody account. On which of the following bank, cannot exercise general
	lien.
	1]	Articles	in safe deposit locker		2] Contents of the safe custody
	3]	On safe custody only after giving notice. 4] All of the above
423	In case of indirect quotation the maxim used is						1
	1] buy high and sell low 2]buy low and sell high 3] buy high and sell high
	4] buy low and sell low

424	FCNR[B] interest rates is linked to LIBOR/SWAP rates. As per the recent						2
	announcement by RBI for uniformity in banks, who will quote the rates of
	Libor/swap
	1]	RBI 2] FEDAI 3] central govt 4] export and import bank

425	Ms sangeetha, an illiterate customer in your branch, who is maintaining a						3
	savings account, requests you to permit her to authorise her friend Bharat
	to operate his account:
	1]	An illiterate, being incompetent to contract, cannot appoint an agent,
	2]	Since an illiterate person cannot grant a power of attorney his
	requests cannot be complied with,
	3]	The request of the illiterate customer may be acceded to on his
	executing a power of attorney
	4]	The requests of the illiterate customer may be acceded only for cash
	transactions.
426	M/s A, B and Co. having A and B as partners and maintain current						3
	account. One of them dies and firm’s account shows credit balance. Who
	is to receive the payment?
	1]	Legal heirs of deceased partner and surviving partner is proportion of
		their profits
	2]	Legal heirs of deceased partner and surviving partner in proportion of
	their capital		3]	Only surviving partner
427	A banker is justified in disclosing his customer's affairs and accounts						5
	where:
	1]	The disclosure is made with the express or implied consent
	of the customer. 2] There is a duty to the public to disclose.
	3]	The interest of the Bank requires disclosure 4] 1and 2
	above 5] 1, 2 and 3 above

428	One of the Trustees of a Trust maintaining an account with our Bank is									2
	adjudged as insolvent. A cheque signed by him was presented through
	clearing after you received the notice of insolvency of the trustee. What
	will you do?
	1]	The cheque will be returned with the reason "trustee declared
		insolvent"
	2]	The cheque can be paid safely
	3]	The cheque would be returned with the reason "confirmation from the
		official assignee is available".
	4]	Cheque will be paid if the other solvent trustees give their consent
	5]	The matter will be referred to Head Office.
429	Housing Loan outstanding is Rs. 10 lakhs. House property value is Rs. 20									2
	lakhs and original loan granted was Rs. 15 lakhs. LTV RATIO is
	1]	75% 2] 50%		3] 200%		4]	133%

430	RBI has recently modified the KYC guidelines to the benefit of persons									1
	from low-income group who may not be able to satisfy all the norms. As
	per this scheme, persons in the lower income group may be allowed to
	open bank accounts without producing documents in proof of identity &
	address by obtaining introduction from another customer who has been
	subjected to KYC norms. However, the balances in such accounts is to be
	maintained within ------------- in all such accounts [of one person]
	cumulatively.
	1]	50,000	2] 10,000		3] 5000			4] 15000
431	A Cheque is signed by two authorized trustees of a M/S Mahavir Trust.									2
	One of the Trustees dies.and bank received the information								before the
	cheque is presented which is otherwise in order.You will
	1] return the cheque 2] pass the cheque 3] court order is required 4]
	trust can not exist with on trustee and hence to be eturned
432	Banks are now allowed to open FCNR accounts in __________ in addition									4
	to the existing currencies.
	1]	Canadian dollar			2] Saudi Riyal 3] Australian dollar				4] any
	freely convertible currency

433	In case of death of depositor, the status of nominee will be									4
	1]	Legal heir 2] administrator 3] executor 4] trustee of legal heirs

434	In case of two current accounts with same partners but in different									3
	names, if in one account there is credit balance and in other account debit
	balance, can the bank exercise the right of Set-Off after following the
	normal procedure
	No since the names are different							2 ] yes if the order of Partners
	are same in both the accounts 3] yes since the partners are
	identical 4] conclusion can be drawn only after going through the
	partnership deed
435	As per Sec ______ of ________ the rate of interest on loan is not subject									2
	to scrutiny of the Court.
	1]	21A Of RBI act 2] 21A of BR act 3] 21A of NI act 4] 21A of contract act

436	In case of joint safe custody accounts, how many nominees can be									4
	appointed?
	1] one 2]		two	3] three 4] none

437 The out standing balance in an account is 4 lakhs which is a doubtful			3
asset for more than 3 years. a on 31-03-2013.The value of security
available is 1.5 lakhs .The ECGC cover is 50%.The amount of provision is
1] 3 lakhs 2] 2.50lakhs 3] 2.75 lakhs 4] 2 lakhs

438 The risk that arises due to one party defaulting on its clearing obligation			3
to one or more counter party is _______:
1] liquidity risk 2] forex risk 3] settlement risk 4] credit risk

439 Mr B is the legal heir of MR A. On the death of MR A, after			2
following the usual formalities the bank has credited Rs 10500/-
being the claim amount of the deceased in the account. of MR
B. Immediately after the credit, a Garnishee order attaching the
account of Mr B is received for Rs 10000/-. The balance in the
account is Rs 10 600/- after the above credit. You will attach
1] Rs 100 only 2] Rs 10000/- 3] Rs 10600/- 4] Rs 10500/-
440 A cheque is crossed with two parallel lines and in between the lines it is			4
written A/C PAYEE ONLY. This type of crossing as per N.I ACT

State Bank of India
1] A/C payee crossing 2] non transferable crossing 3] general crossing 4]
special crossing
441 You are having a term loan account which was classified as STANDARD			3
ASSET on 31-03-11 and the value of security was RS 1 lakh as per
valuation. During March 2012 you find on inspection that the value of
security is Rs 40000/-,but the party is regularly paying the instalment and
interest. You will classify this asset as
1] standard asset 2] substandard 3] doubtful asset 4] loss asset

442 A fixed deposit is in the names of A and B with operating instructions E/S. 2 On the date of maturity Mr. A presents the original receipt duly discharged,but before you could make payment to Mr. A ,the other person MR B gives in writing that the amount should not be paid to MR A.You will

1] pay only on the discharge of both 2] pay to MR A ignoring the request of MR B.3] obtain an indemnity from MR A and pay 4] As there is a dispute, it can be paid only if MR B withdraws his letter

443	Your customer has given a debit authority under ECS [DEBIT] for debiting		1
	his account for telephone bills of MTNL . This has been going on smoothly
	for the last 3 years. One fine morning the account holder gives in writing
	that he cancels the ECS [debit authority] and advises you not to honour
	ECS[ DEBIT] hence forth .You will
	1] accept and act accordingly 2] accept revocation only with the consent
	of MTNL 3] accept if revoked only by MTNL 3] ECS[DEBIT ] can not be
	revoked by either party
444	Your current account Holder M/S Sangeeta trading company wants your		1
	branch issue a time deposit for Rs 100000/- favouring airport Authorities
	of India for an earnest money in a bid. You will issue the Time deposit as
	1] M/S Sangeeta trading co A/C airport authorities of India 2] M/S
	Airport authorities of India a/c sangeeta trading co 3] Airport authorities
	of India	4] M/S Sangeeta trading co
445	In the above question for payment on maturity of deposit, you will require		2
	the discharge of
	1] both 2] only your account holder 3] Only Airport authorities of India 4]
	any one

446	Permanent account number is	1
	1] 10 character alpha numeric alpha 2] 10 DIGIT NUMERIC 3] 10 DIGIT
	ALPHA 4] 11 DIGIT

447	What is the fee payable under RTI ACT 2005 FOR getting information	2
	1] no fee 2]Rs 10 3] Rs 5 4] Rs 50

448	Within how many days ,under RTI act,the Public information officer must	1
	supply the information
	1] 30days 2] 3 days 3] 60days 4] no such stipulation

449	Your customer has drawn a cheque favouring Mrs Sangeetha or	1
	Bearer.You find at the back of the cheque one blank endorsement by MRs
	Sangeeta and followed by a full endorsement as”pay to Mr RAM KUMAR
	with signature of MR seetharam. Now the cheque is presented by Mr
	kalian singh which is otherwise in order.Now you will
	1] pay to MR kalian singh 2] You will pay only to Mr seetharam 3] you will
	pay to Mrs sangeetha only 4] Return the cheque as it is irregularly drawn
450	In the above example ,if you make the payment which section of N. I act	2
	will protect you
	1] sec 85[1] 2] sec 85[2] 3] sec 89 4] sec 128

451	As per RBI guidelines NRIs can be given loan in INR for other than	4
	1] Business in chit fund 2] agricultural activities/plantation 3] construction
	of farm house 4] all the above

452	The quarterly interest payable on a QIDR is RS 300/- per quarter. If for	1
	the same period and same amount is kept in Monthly interest deposit
	scheme ,the monthly interest payable will be
	1] Rs 100 2] more than Rs 100 3] Less than RS 100 4] none of the above
	(it can be Rs 100 if banks start paying interest less than quarterly
	interval)
453	The simplified procedure On KYC is applicable to accounts	3
	1]where the total balance in all accounts does not exceed Rs
	50000/- 2] The total credits in all the accounts taken together not to
	exceed Rs 100000/- 3] both 4] none

454	As per the draft guidelines of RBI for safe deposit locker,the relationship	3
	between banker and locker holder is
	1] lessor & lessee 2] owner & tenant 3] bailor & bailee 4] principal &
	trustee

455	The following is the quote of a bank in India	5
	1USD= Rs 39.40.This method of quotation is
	1] home currency quotation 2] direct quotation 3] foreign currency
	quotation 4] indirect quotation 5]1 and 2 6] 3 and 4

456	CENVAT CREDIT is related to				3
	1]	new credit scheme launched by our bank 2] new credit scheme
	launched by central government for farmers 3] service tax 4] new credit
	scheme of NABARD

457	Under SARFAESI act, for sale of assets ,a notice of ---------- days is				4
	required
	1]	60days 2] 1 week 3] no such period 4] 30 days

458	What is the rate of provision for standard assets for personal housing				3
	loan above 25 lakhs
	1]	1% 2] 2% 3] 0.4% 4] 0.25%

459	Guarantee issued to constituents is classified in Balance sheet as				3
	1] asset		2] reversed on closing day and hence balance will be Nil
	3]	contingent liability		4] liability

460	Which is correct about Certificate of deposits				5
	1]	CD attracts SLR/CRR 2]it can be issued at fixed rate 3] it can be issued
	at floating rate 4] no bank buy back the CD before due date 4]all the
	above

461	Now investments made by banks in---------------- will not be classified				5
	under priority sector advance
	1] software industry 2] direct lending to SSI 3] indirect lending to
	agriculture		4] venture capital 5]1 & 4

462	When are the categories of Priority Sector?				9
	1]	Agriculture 2] Micro, Small and Medium Enterprises 3] Export Credit
	5]	Education	6] Housing	6] Social Infrastructure 7] Renewable Energy
	8]	Others 9] All of the above

463	Which of the following can be repatriated by NRI				4
	1] rent 2] pension 3] interest 4]all the above

464	Documents executed in India are to be stamped				4
	1] before execution 2] at the time of execution 3] after the execution
	4]1&2

465	Base rate for banks is decided by				1
	1] individual banks	2] IBA	3] RBI	4] central government

466	While opening account of executors to estate of deceased person, bank				2
	should scrutinize
	1] trust deed 2] probate 3] orders of charity commissioner
	4] letter of administration

467	In case of wrongful dishonour of a cheque by the banker				3
	1] the holder can claim from drawee bank 2] the holder can claim from
	collecting bank 3] the remedy for holder is against drawer 4] holder can
	claim from drawee bank, collecting bank , drawer

468	Which of the following accounts a NRI can not open				4
	1] ppf account 2] senior citizen savings scheme 3] RFC domestic 4] all the
	above

469	Which of the following can endorse a negotiable instrument				4
	1] A minor 2] married women 3] an illiterate person 3] blind persons 4]
	all of them

470	Stamp duty on which of the following documents does not vary from state				4
	to state
	1] Mortgage of agreements 2] hypothecation agreements
	3] guarantees 4] bills of exchange

471	Which of the following can not be partner in a partnership firm				5
	1] HUF 2] INDIVIDUAL 3] COMPANY 4] ANOTHER PARTNERSHIPFIRM
	5]1&4

472	A and B have a FDR with your branch. Now they jointly request you to				1
	replace their names by P and Q. You will
	1] NOT AGREE 2] AS it is signed by both you will agree 3] You will agree
	provided if P or Q is the nominee 4] Agree by taking the consent of P and
	Q
473	The minimum period for bank time deposit is				2
	1] 15 days 2] 7 days 3] 30days 4] 45 days

474	TDS deducted on interest credited IN the MONTH OF MARCH year can be				4
	remitted within
	1] first week of next month 2] 7 days of next month 3] within two months
	4] On Or Before 30^TH APRIL

475	--------------------- provides for punishment of two years and twice the				4
	amount of electronic funds transfer instruction, or both for dishonor of
	such electronic funds transfer
	1] NEFT ACT 2] RTGS ACT 3] NI act 4] the Payment and Settlement
	Systems Act

476	Which of the following banks deposits are not insured		5
	1] all commercial banks 2] Indian branches of foreign banks 3] local area
	banks and RRB 4] urban coop banks 5] primary cooperative societies 6] 2
	& 5

477	In case of cash receipts stamp duty is not payable upto rupees		3
	1] 5	2] 500 3] 5000 4] 10000

478	WEF 01-07-2007, which will be applicable for foreign LC		2
	1]UCPDC-400 2] UCPDC-600 3] UCPDC-500 4] UCPDC 700

479	Banker need not produce the original books in the court. a certified copy		4
	will be acceptable as per
	1] NI act 2] BR act 3] Indian evidence act 4] Banker’s books of evidence
	act

480	EEFC account can be opened as		1
	1] Current account 2] savings account 3] time deposit account as per
	recent policy for a limited amount and a limited period	4] all the above

481	BCSBI is related to		4
	1] BASEL 11 2] corporate governance 3] capital market
	4] customer service

482	Which kind of crossing restricts transfer of bill of exchange		5
	1] general crossing 2] special crossing 3] not negotiable crossing 4] A/C
	payee crossing 5] none of these

483	A person has returned from abroad and is having some unspent foreign		4
	exchange with him. What is the maximum amount he can retain
	1] nil 2] USD 500 3] USD 2500 4] USD2000

484	A customer deposits a cheque and the collecting banker credits the		2
	amount of cheque before it is realized .Now as per NI ACT the collecting
	banker is
	1] holder for value 2] holder in due course 3] holder 4] trustee

485	As per RBI ,the activation fee for inoperative account is		3
	1] max RS 100 2] Max Rs 200 3] no activation fee can be charged4] left
	to individual banks

486	In case of ECS debit return, bank		3
	1] can not charge any return charges as physical instrument is not
	moving 2] ECS debit can not be stopped 3] not higher than normal
	cheque return charges 4] maximum of Rs 1000 per return

487	As per clean note policy of RBI which of the following are correct		6
	1]banks shouldn’t staple the notes but secure them with	paper bands
	2] banks should sort the notes as reissuable and non issuable and should
	issue only reissuable notes to public 3]soiled notes in unstapled condition
	tobe returned to RBI 5] banks should stop writing of any kind on water
	mark window on bank notes 6] all the above
488	A person got admission in IIT MUMBAI. What is the maximum education		6
	loan can be given so that Rs 10 lakhs will be classified under priority
	sector
	1] 15 lakhs 2] 7.5 lakhs 3] as per bank policy 4] 25 lakhs
	5] 10 lakhs 6] any amount
489	Nomination in deposits can be made in favour of		2
	!] HUF 2] MINOR 3] company 4] trust 5 ] none of the above

490	An order cheque is converted into bearer and a bearer cheque is		3
	converted in to order. Which is a material alteration
	1] both 2] none 3] order to bearer 4] bearer to order

491	A cheque of Punjab national bank is containing two parallel lines and		2
	between the lines Canara bank. & not negotiable. This crossing is known
	as
	1] general crossing 2] special crossing 3] not negotiable crossing 4]
	simple crossing
492	As per which act cheque becomes Stale after 6 months		3
	1] no act 2] sec 6 of NI act 3] sec 138 of NI act
	4] 36 of contract act

493	The penalty under Right to information act if information is not provided		3
	within 30 days is Rs ----- per day with maximum of Rs-------
	1] 250 and no max 2] 100 and max 25000 3] 250 max 25000 4] 200
	and 10000

494	Protection to a collecting banker is not available in the case of		1
	1] uncrossed cheques 2] crossed bearer cheques 3] crossed order
	cheques 4] cheques crossed not negotiable 5] all the above

495	What is the relationship between a banker and payee of a demand draft		2
	1] debtor and creditor 2] trustee and principal/Beneficiary 3] agent and
	principal 4] bailor and bailee

496	X and Y maintain a current account with operational instruction E/S. X		2
	becomes insolvent. A cheque signed by Y is presented for payment .It will
	be in order
	1] to pay the cheque 2] return the cheque 3] pay the cheque after
	confirming from X.
497	X, y and z are having a current account with instructions A/S. Z and Y		2
	produce the death certificate of Mr X and insist for payment. you will pay
	1] to legal heir of x , y and z jointly 2] y and z jointly 3] split the amount
	and pay equally to legal heir of x ,y and z

498	Bank pays interest at -------------- rate on the balance available in the		3
	current account of a deceased depositor [ INDIVIDUAL OR
	PROPRIETOR]while effecting payment
	1] no interest 2] at Time deposit rate 3] at saving rate

499	The account holder X appoints Y as his attorney to operate the account. A		2
	cheque issued under the signature of x was counter-mandated by Y. Can
	the bank accept the instruction
	1] No 2] yes 3] since x has already given power of attorney to y, he can
	not sign the cheque and hence the cheque is to be returned if presented
500	As per NI Act ,a truncated cheque		2
	1] promissory note 2] bill of exchange 3] fixed deposit receipt
	4] all 1 to 3 5] none of this


501		RTGS has been put in place by RBI to mitigate		2
		1] market risk 2] settlement risk 3]credit risk 4]operational risk
502		Which is a two numbered bank note		4
		1] one rupee 2] two rupee 3] five rupee 4] ten rupee
503		If a DP goes bankrupt, what happens to the dematerialized holdings of		4
		investors with the DP?
		1] The assets of the investor may be used for paying off the creditors of
		the DP. 2] The appointed "court receiver" has the discretion to dispose
		off the assets of the investor in the manner he deems fit. 3] Depository
		has the discretion to dispose off the assets of the investor in the manner

		42

	it deems fit. 4] The investor can opt for rematerialization or open his
	account with another DP and transfer his holdings.
504	An ex staff wants to open FCNR[B] accounts and demands 1% additional	2
	interest. As per RBI guidelines
	1] can be allowed subject to not crossing the cap rate 2] not allowed 3]
	allowed subject to RBI permission 4] allowed if opened for 5 years
505	FCRA MEANS	2
	1] Foreign Currency Regulation Act 2010 2] Foreign Contribution
	Regulation Act 2010 3] Foreign Cheques Regulation Act 2010
	4] None Of The Above
506	“Four eyes concept” means	3
	1] opening and verifying account by one person two times 2] opening
	and verifying account by electronic device 3] opening and verifying
	account by two different persons 4] rejecting to open the account
507	FATF means	4
	1] Financial accounting trade federation 2] financial association of
	traders in France 3] foreign authority trade federation 4] financial
	action task force
508	In terms of Sec 4 whosoever commits the offence of money laundering	3
	shall be punishable with
	1]minimum imprisonment of 3 years and maximum 7 years
	2] fine of Five lakhs 3] both 1 & 2 4] 12 years imprisonment
509	Retention of records under prevention of money laundering act will be	2
	1] 10 years from date of opening the account 2]10 years from the date
	of ceastion of transaction between client and banking company 3]
	nothing stipulated 4] 5 years from closing the account
510	You buy something at a place where price is low and simultaneously sell	3
	the same thing where price is high is known as
	1] hedging 2] speculating 3]Arbitraging 4] option
511	If a bank sanctions advance upto -------- crores for micro small	4
	manufacturing enterprise, it will fall under priority sector.
	1] 1 crores 2] 3 crores 3] 5 crores 4] any amount
512	The white portion in the bank note is known as	2
	1] security mark window 2]water mark window 3] blank window 4]space
	for writing window
513	Advances in the form of pledge can not be created in respect of	3
	1] finished goods 2] raw material 3] stock in process 4] stores
514	Which of the following rates are still administered by RBI and are not	5
	free
	1] BPLR 2]TERM DEPOSIT 3] Home loan 4] savings deposits 5]none
515	Solvency margin is related to	2
	1] banking companies 2] Insurance companies 3] Financial companies 4]
	non financial companies
516	Sensex is weighted index of	1
	1] 30 stocks 2] 25 stocks 3] 20 stocks 4] 15 stocks
517	All categories of Foreign exchange earners can deposit----------% of their	4
	foreign exchange earnings in their EEFC account
	1] 20 2] 50 3] 75 4] 100 %
518	Cash transaction report is sent to	4
	1] RBI 2] CBDT 3] CONTROLOING OFFICE 4] FIU-IND
519	To have a DP of Rs 3 lakhs in cash credit account [with limit Rs 3 lakhs	2
	with 25% of margin],the minimum stock should be
	1] 3 lakhs 2] 4 lakhs 3] 5 lakhs 4] 6 lakhs
520	As per recent guidelines, if a locker is not operated for more than---------	3
	year in case of High Risk category customers, the bank can either advise
	him to operate or surrender the locker
	1] 3 years 2] 5 years 3 ] 1 year 4] discretion of banks

		43

521	As per recent guidelines, if a locker is not operated for --------- year in	1
	case of Medium Risk category customers, the bank can either advise
	him to operate or surrender locker
	1] 3 years 2] 5 years 3 ] 1 year 4] discretion of banks
522	Liberalized remittance is not permitted for	4
	1] For acquisition of immovable property, directly or indirectly, outside
	India. 2] for making remittances for margin trading, 3] for making
	remittances for lottery 4] 2 and 3
523	Risk weight on residential housing loans above 20 lakhs up to 75 lakhs is	1
	1] 50% 2] 100% 3] 125% 4] 75%
524	Maximum penalty under RTI act is	3
	1] 100 2] 100000 3] 25000 4] 10000
525	The minimum value for customer based Real Time Gross settlement	2
	transaction is
	1] Rs 10000 2] Rs 2 lakh 3] Rs 10 lakhs 4]Rs 15000
526	As per the annual policy, the maximum claim payable by DICGC to two	2
	accounts held in the names of A&B and B&A will be maximum
	1] 1 lakh 2] 2 lakhs 3] 1.5 lakhs 4] 4 lakhs
527	STRESS TESTING is associated with	3
	1] credit monitoring 2] working capital assessment 3] risk management
	4] customer service
528	Which of the following advances do not fall under CGTMSE	4
	1] loan to SHG 2] retail loans 3] loan to educational institutions
	4] all
529	Inability/unwillingness of a counter party to repay loan will fall under	2
	which of the following risk
	1] interest rate risk 2] credit risk 3]market risk 4]settlement risk 5]
	liquidity risk
530	As per RBI note refund rules "mutilated note" means a note of which 1] a	4
	portion is missing 2] is composed of more than two pieces 3] torn in to
	two or more pieces 4] 1 and 2
531	cash transaction report is to be submitted ---------	2
	1] 7 th of succeeding month 2]on or before 15 th of succeeding month 3]
	last day of succeeding month 4] on or before 30 th april
532	As per RTI act, information is to be conveyed within	1
	1] 30 days 2] 60 days 3] 90 days 4] 15 days
533	Which is true about Banking Companies [Nomination] Rules, 1985	4
	1] acknowledgement of receipt of the duly completed form of
	nomination, cancellation and / or variation of the nomination should be
	given to all the customers irrespective of whether the same is demanded
	by the customers
	2] banks should record recording on the face of the passbooks/FDRs the
	position regarding availment of nomination facility with the legend
	"Nomination Registered
	3] in addition to the legend “Nomination Registered”, bank should also
	indicate the name of the Nominee in the Pass Books / Statement of
	Accounts / FDRs, in case the customer is agreeable to the same
	4] all the above 5] 1 and 2
534	What is the floor level for CRR	2
	1] 3% 2] no floor level 3] 20% 4] 25%
535	Book building:	3
	1] is used by stock exchanges for trading as it is more efficient than the
	traditional open outcry system.
	2] is used by speculators to artificially increase share prices.
	3] is used in the public issue process for efficient price and demand
	estimation for the issuer
	4]is used by bookies in horse racing.

		44

536	Name the odd one out:	2
	1]ICRA 2] CIBIL 3] CARE 4] CRISIL
537	AD category1 can repatriate proceeds of FCNR to third parties if	3
	1] authority is given by account holder 2] bank is satisfied about
	bonafide transfer 3] both 1& 2 4] can not repatriate
538	A will executed can be registered	4
	1] within 3months of its creation 2] within 4 months of its creation 3]
	within 3 days of its creation 4] if desired[ not compulsory] at any time
	after creation
539	What is the time limit for registration of documents [compulsorily to be	2
	registered]
	1]3months from date of execution 2] 4 months from date of execution 3]
	before filing suit 4] no such time limit
540	At the time of registration of transfer of ownership of immovable	3
	property
	1] buyer’s passport size photo and finger prints are taken 2] seller’s
	passport size photo and finger prints are taken
	3] both 1 & 2 4] neither 1 nor 2
541	Which of the following are compulsorily to be registered	6
	1] immovable property 2]gift of immovable property 3] will
	4] power of attorney 5] all the above 6] 1and 2 only
542	The interest for savings Bank accounts of RRB is fixed by	5
	1] NABARD 2] STAE GOVT 3]CENTRALGOVT 4] RBI 5] RRB
543	Door step banking facilities are allowed to	3
	1] individuals 2] corporates 3] both 4] govt organisations
544	LOK ADALAT has been setup under the provisions of	3
	1] RBI ACT 2] SARFAESI ACT 3]LEGALSERVICES AUTHORITYACT 4] BR
	ACT
545	Which of the following department of bank determines the interest rate	2
	on deposits
	1] operation dept 2] ALCO 3] credit dept 4] planning and development
546	AN OPEN CTS 2010 cheque favouring Ramesh sigh or order is	5
	presented in counter for cash payment which is otherwise in order. It can
	be
	1] paid cash 2] cannot be paid cash as it is marked order 3] cannot be
	paid as it is not crossed 4] cannot be paid as it is not endorsed
	5] can be paid after identifying Ramesh singh
547	If a car is financed by bank to a limited company ,the charge will be	4
	registered with
	1] ROC only 2] RTO only 3] neither with RTO nor with ROC 4] both RTO
	and ROC
548	The proforma of a cheque is stated in	4
	1] sec 138 of NIact 2] contract act 3] BR act 4] no where except practice
	5]court judgement
549	Which of the following is true in case of pipeline flows in the name of	4
	deceased depositor
	1] credits can be accepted 2] the survivor/nominee can authorize the
	bank to open an account ‘’estate of----- the deceased and credit the
	proceeds without allowing withdrawals 3]the survivor/nominee can
	authorize the bank to return the pipeline flow with reasons ‘a/c holder
	deceased ‘to to the remitter 4] 2 & 3
550	Garnishee order will be applicable to accounts if the relation between the	1
	banker and customer is
	1] Debtor and creditor 2] creditor and debtor 3]agent and principal
	4] bailor and bailee

					45

551	Who are eligible for preferential rate of interest under NRE deposits :				4
	1] Staff	2] Senior 3]	Staff cum Senior Citizen	4] None

552	A.B and C are having a saving account with operational instruction A/S.				4
	Now A & B come to the branch and gives in writing that the bank should
	not allow C to operate the account. You will
	1] make the operation of the account as ALL THREE JOINTLY 2] accept
	and will not allow C to operate 3] Advise A& B to bring a stay from court
	4] instruction given at the time opening account will remain in force
	unless revoked jointly by all the account holders and hence the
	instruction will remain A/S
553	Find the odd man				4
	1]paid up capital 2] statutory reserves 3] other free reserves 4]
	revaluation reserves
554	If a person does not have any of the officially valid documents for KYC				4
	but categorized as low risk, then he can open a bank account by
	submitting any one of the following documents
	1] identity card with applicant’s photograph issued by central /state
	government departments 2] letter issued by a gazette officer with duly
	attested photograph of the person 3] identity card with applicant’s
	photograph issued by scheduled commercial banks/public financial
	institutions	4] all the above
555	OFF shore banking units				4
	1] deposits are not covered under deposit insurance 2] exempted from
	maintenance of CRR 3] the loans and advances of OBUs would not be
	reckoned as net bank credit for computing priority sector lending
	obligations 4] all the above
556	Interest payable on pre mature closure of FCNR[B] before 1 year is				3
	1] saving rate 2] RFC saving rate 3] nil 4] 0.1%
557	Concessional rate of interest is available on pre shipment credit for a				3
	maximum period of
	1] 3 months 2] 1 year 3] 180days 4] 120 days 5] 240 days
558	Education loans given to individual upto--------- for studies abroad is				1
	treated as priority sector
	1] 10 lakhs 2] 15 lakhs 7.5 lakhs 4] 20 lakhs
559	penal interest on short fall of reserve requirements will be linked				3
	1] repo rate 2] reverse repo rate 3] bank rate 4] SLR
560	Target for priority sector lending to domestic banks				4
	1]40% of adjusted net credit 2] 40 % of total advances 3] 40%of credit				4
	equivalent of off balance sheet exposure 4]higher of 1 & 3
561	The rate of provision for a direct agricultural advance			of 15 lakhs which	3
	is a standard asset is				3
	1] 0% 2] 0.4% 3]0.25%		4] 1% 5] 2%
562	Which of the following facility can not be given to visually challenged
	persons				7
	1] cheue book 2]ATM facility 3] net banking 4]locker facility 5] credit				7
	card 6] all the above 7] none of the above
563	Legal Risk is a type of				2
	1] market Risk 2]operational risk 3]credit Risk 4] interest rate risk				2
564	Which is not one of the electronic modes of making payment towards				4
	loan EMIs / repayments etc
	1] NEFT 2] ECS-debit 3] RTGS 4] none
565	The back office of a bank has failed to exercise a forward contract due to				1
	oversight. The risk suffered by bank is 1] operation risk 2] market risk				1
	3] settlement risk 4] counterparty risk
566	RBI has indicated the Basic Indicator method for measuring --------------				1
	---- risk				1

	1] operational risk 2] credit risk 3] market risk 4] interest rate risk
567	In the Basic indicator approach by BASEL II norms, the alpha is
	1] 15% 2] 12% 3] 18% 4] 10%	1
		1
568	REPO refers to	2
	1] Absorption of funds from banking system 2] injection of funds in	2
	banking system 3]long term borrowing 4]tools of monetary policy on
	permanent basis
569	What is the lock in period in CGTMSE?	3
	1] no lock in period 2] 12 months 3] 18 months 4] 24 months	3
570	As per RTI act, Indian CITIZENS can seek information which is not older	4
	than	4
	1] 10 years 2] 20 years 3] 30 years 4] no such limit
571	The uniform period of --------- months for surrender of	2
	received/unspent/unused foreign exchange from the date of	2
	receipt/purchase/acquisition/date return of the residential individual
	traveler is proposed in Annual policy 2007-08
	1] 3 2] 6 3] 12 4] no limit
572	Plant and machinery attached by nuts and bolts to special concrete bases	2
	or studs or platforms so that it can be moved will be--------------	2
	1] mortgaged 2] hypothecated 3] assigned 4] pledged
573	BCSBI is a	1
	1] Independent and autonomous body 2] floated by BSE & NSE	1
	3] Government of India undertaking 4] bank
574	As per BCSBI, a customer may close the following accounts within 14
	days of first payment in to the account without any penalty or fees 1]
	savings account 2] current account 3] time deposit account 4] 1 & 2 5] 1	4
	to 3
575	------------ is not a fund based facility	2
	1] cash credit 2] letter of credit 3] bill finance 4] term loan
576	CDR will be applicable	3
	1] if outstanding fund based and non fund based exposure of Rs 10	3
	crores and above 2] multiple banking or consortium 3] both 1&2 4]
	neither 1 nor 2
577	Which of the following is correct	3
	1] category 1 CDR – accounts classified as Standard and substandard 2]	3
	category 2 CDR accounts classified as Doubtful 3] both 1 & 2 4] CDR is
	applicable to loss assets
578	“Stand still ‘’ Clause in CDR system
	1] agreement by lender not to file a criminal suit for 90 or 180 days 2]	5
	agreement by borrower not to file a criminal suit for 90 or 180days	5
	3]Agreement by both borrower and lender where they commit
	themselves not taking recourse to any other legal action during stand
	still period 4] the standstill clause is applicable for only civil action and
	not for criminal action 5] 3& 4

579	What is th floor level for SLR	5
	1] 25% 2]40% 3] 20% 4] 3% 5] FLOOR LEVELSTANDS REMOVED	5
580	EEFC can be opened as	2
	1] saving account in foreign currency 2] non interest bearing current	2
	account in foreign currency 3] non interest bearing saving account in
	Indian currency 4] non interest time deposit in Indian rupees 5] interest
	bearing time deposit account
581	A company with a share price of Rs 40/- has a P/E ratio of 5.What is its	3
	earning per share	3
	1] 10 2] 200 3] 8 4] insufficient data

		47

582	NIFTY IS BASED ON	1
	1] 50 STOCKS 2] 60 STOCKS 3] 40 STOCKS 4] 20 STOCKS	1
583	Who regulates mutual funds	2
	1] mutual funds association of India 2] SEBI 3] RBI 4] NSDL	2
584	Who regulates commodities future market at present	1
	1]SEBI 2] FORWARD MARKET COMMISSION 3] RBI 4]CBSBI	1
585	EASIEST is associated with	2
	1] SEBI 2] CBEC 3] CBDT 4] RTGS	2
586	“ICCOMS’ IS RELATED TO	4
	1] merchant banking 2] stock market 3] commodities future market 4]	4
	currency chest operations
587	In a current account, the bank has passed a cheque by allowing	3
	overdraft in the account without the consent of the party. The party is	3
	refusing to pay despite giving a notice .The party is having a term
	deposit which is maturing shortly What is the position of the banker.
	1] The banker can not recover it 2] The bank can immediately close
	prematurely the Term deposit and adjust the overdraft.3] The bank can
	exercise right of set off with term deposit on the date of maturity 4] the
	bank can do right of set off if the receipt matures within three years from
	creation of over draft
588	If the security value of an asset has eroded such that it is not even 10	2
	% of the debit balance in the account ,it will be classified as	2
	1]doubtful 2] loss asset 3] substandard 4]standard
589	What is the interest payable if the TDS deducted is not deposited	1
	1] 18% P.A 2] 12% P.A 3] 16% P.A 4] 24% P.A	1
590	The rate of depreciation on computers is------% and the method adopted
	is	2
	1] 33.33%,written down method 2] 33.33%,straight line method 3]
	20%, written down method 4] 20%, straight line method
591	The rate of depreciation [in %] on a furniture/safe vaults/ lifts b]	4
	vehicles c] air-conditioning /cooler/typewriter and the methods are	4
	respectively
	1] 10,20,15 st line method 2] 20,10,15 straight line method 3]
	15,20,10 written down value 4] 10,20,15 written down value Method
592	Advances shown in bank’s balance sheet represent after netting out	5
	1] provisions and floating provisions 2] URI 3] amount recovered from	5
	borrower held in sundry account 4] amount received from CGTSI and
	ECGC 5] all the above
593	In the case of standard assets, the provision debited to Profit & Loss
	account is	2
	1] netted to advances 2] shown as sch 5 ‘other Liab& prov” 3] no
	provision is made to standard asset and hence the statement is wrong 4]
	50% is netted to advances and remaining shown as “other liab& prov”
594	According to guidelines issued by RBI, investments are classified as	6
	1] held for maturity 2] held for trading 3] available for sale 4]	6
	debentures and bonds 5] 1to 4 6] 1 to 3
595	Net NPA is equal to	4
	1] gross NPA– provisions + other credit balances 2] gross NPA less	4
	provisions 3] Gross NPA less other credit balances 4] gross NPA less[
	provisions + uri+ other credit balances unadjusted]
596	The general restrictions on withdrawal with third party ATMS
	1] any amount with drawn is free of cost	4
	2] restricted to Rs 10000 per withdrawal without charges
	3] in a month maximum 5 and 3 withdrawals can be made without
	charges in other cities and metros respectively 4] 2 and 3
597	No appeal by a person who is required to pay any amount in terms of an	5
	order of state commission[COPRA] SHALL BE ENTERTAINED BY THE	5

	NATIONAL COMMISSION unless the appellant has deposited in the
	prescribed manner---------
	1] 50% OF THE AMOUNT 2] Rs 25000 3] Rs 35000 4] lesser of 1 and 2
	5] lesser of 1 and 3
598	A money market mutual fund is most likely to invest in		3
	1] corporate bonds 2] equity shares 3] govt securities with maturity less
	than 1 year 4] all the above
599	Dividends distributed by MF are		4
	1] taxed at source 2] taxed at the hands of investor 3] subject to capital
	gain tax 4] tax free in the hands of the investor
600	Which of the following investments do not give guarantee on return for		4
	capital
	1] Bank Dep 2] PPF 3] NSC 4] units of MF
601	The amount required to buy 100 units of a scheme having entry load of		5
	1.5% of Rs 20/- is
	1] Rs 2000 2] Rs 2015 3] Rs 1985 4] Rs 1970 5]Rs 2030
602	The current yield of a bond whose coupon rate is 4% and market price is		1
	Rs 80
	1] 5% 2] 3% 3] 4% 4] 5.5%
603	The minimum age of NPA in books of selling bank should be atleast		5
	1] 2 years 2] 15 months 3] 1 year 4] 3 years 5] no holding period
604	The minimum period of NPA assets purchased should remain in the		5
	books of purchasing bank, if they want to sell to another bank is
	1]15 months 2]24 months 3]18 months 4] 36 months 5]12 months
605	The risk weight attached to the NPA assets purchased from another bank		3
	is
	1] 50% 2] 0% 3] 100% 4] 25%
606	As per consumer protection act ,the limitation period for filing a		2
	complaint is ------- years from cause of action
	1]1 year 2] 2 years 3] 3 years 4] no limitation period
607	Under SARFAESI act 2002, how many days of notice must be given		1
	before selling
	1] 30 days 2] 60 days 3] 45 days 4] 90 days
608	Under SARFAESI act 2002 ,if a party wants to appeal to DRAT against		3
	the decision of DRT, he has to deposit
	1] 50% of the amount 2] 25% of the amount 3] 50% of the amount
	which can be reduced to 25% by DRAT 4] 100%
609	Any person aggrieved by an award of BANKING OMBUDSMAN can prefer		1
	appeal before Appellate authority on receipt of communication
	1] within 30 days 2] within 40 days 3] within15 days 4] within 45 days
	5] not possible as it is binding on complainant as well as on Bank
610	In doorstep banking banks are permitted to		3
	1] deliver cash/draft at the doorstep of individual customer against cash
	received at the counter/ request received through any secured channel
	2] deliver cash/draft at the doorstep of corporate customer/govt
	dept/psus against cash received at the counter/ request received through
	any secured channel 3] both 1 & 2 4] deliver only Draft to both but not
	cash
611	Door step banking is defined under sec------of ----- act		2
	1] 23 of RBI 2] 23 of BR 3] 23 of NI 4] 23 of contract
612	Banks are advised to dispense with obtaining ‘No Due Certificate’ from the		4
	individual borrowers (including SHGs & JLGs).which is true below
	1]	in rural and semi-urban areas
	1]	all types of loans including loans under Government Sponsored Schemes,
	2] irrespective of the amount involved
	3]unless the Government Sponsored Scheme itself provides for obtention of ‘No

			49

	Dues Certificate’
	4] all the above
613	The number of Banking Ombudsman in India is		2
	1] 10	2]153]204]5	2
614	The conditions for CGTMSE cover is		5
	1] No collateral security 2] no third party guarantee 3] account should		5
	not be NPA at the time of joining 4] interest rate should not be more
	than Base rate+ 4% 5] all the above
615	An agency bank shall compensate an investor in Relief/Savings bonds,		4
	for the financial loss due to late receipt/delayed credit of interest		4
	warrants/maturity value,
	1] Bank rate 2] Repo rate 3] savings 4]at a fixed rate of 8% per
	annum.
616	Under banking nomination rules, which is correct		3
	1] thumb-impressions[s] shall be attested by two witnesses		3
	2] Signatures of the account holders need not be attested by witnesses.
	3] both 4] none
617	Which is the latest instruction by RBI on unclaimed deposits		5
	1] annual review of accounts in which there are no operations		5
	2] operations in such accounts to be allowed after due diligence
	3] no charge to be levied for activation of inoperative account, 4] display
	the list of unclaimed deposits/inoperative accounts which are inactive /
	inoperative for ten years or more on bank’s respective website 5] the
	balance to be transferred to DEAF
618	Physical possession of mortgaged property can be taken without court		2
	intervention as per		2
	1] transfer of property act 2] SARFAESI ACT 3] DRT act
	4] contract act
619	In the balance sheet of a bank, Guarantee issued to constituents is		2
	shown as		2
	1] foot note 2]contra entry 3] not shown in balance sheet
	4] asset
620	For any failure[in case of ATM] to re-credit the customers account within		1
	7 working days from the date of receipt of the complaint, the bank shall
	pay compensation of -------to the aggrieved customer.
	1] Rs.100/-, per day, 2] Rs.10/-, per day, 3] Rs.50/-, per day,4] .01%
	of amount
621	Risk weight for education laon under basel 11 is[ non consumer credit]		2
	1] 100% 2] 75% 3] 50% 4] 0%
622	For differential rate of interest[DRI scheme] the income criterion per		1
	annum in rural area is
	1] 18000 2] 24000 3] 10000 4] 6400
623	For the above question the income criterion in Urban and semi urban is		2
	1] 18000 2] 24000 3] 10000 4] 25000

624	The periodicity of reporting of liberalized remittance scheme to RBI is 1]		1
	monthly 2] quarterly 3] weekly 4] daily
625	A person has tendered a bearer cheque for Rs 10000 and the person was		4
	given token no 10.The cheque was in order and it was debited to the
	respective account and after debit the balance is Rs 250 in the account.
	The cashier called the token number 10 and collected it .He was about to
	make the payment. The officer rushes to the cashier and says that a
	Garnishee order is just received for Rs 10000 and hence the payment is
	not be made.What is correct under these circumstances
	1]cashier must make the payment as he had collected the token 2]
	cashier has to make payment because the account was properly debited
	before the receipt of garnishee order 3] it is not to be paid because his

			50

	superior is saying so 4] as the money is not yet parted the garnishee
	order should be given precedence
626	As per recent guidelines on KYC norms, Full KYC exercise will be required		3
	to be done at least -------- for high risk individuals and entities.
	1] every year 2] every 3 years 3] every 2 years 4] every 5 years
627	Full KYC exercise will be required to be done at least every ------- for low		3
	risk	1] 5 years 2] 7 years 3] 10 years 4] 8 years
628	The scope of banking ombudsman has been extended to grievances		3
	against deficiency of service concerning loans and advances and credit
	cards by RBI in terms of power conferred by
	1]sec 35A of RBI Act 2] Sec 35A of NI Act 3] Sec 35A BR ACT 4] SEC
	35A KYC norms ACT
629	The banking Ombudsman scheme is applicable to		6
	1] banking company 2] corresponding new bank 3] Regional rural bank
	4] SBI and its subsidiaries 5] primary coop banks 6] all the above
630	The complaint to banking ombudsman arising out of operations of credit		1
	cards shall be filed before the banking ombudsman within whose
	territorial jurisdiction
	1] the billing address of the card holder 2] the branch where credit card
	was issued 3] the head office of the branch 4] as per the choice of the
	customer
631	The complaint at banking ombudsman is entertainable only if		6
	1] the person made a complaint to the concerned bank 2] no reply is
	received within one month 3] the complainant is not satisfied with the
	reply given by the bank 4] 1 &2 5] 1,&3 6] 1 & 2 or 1&3
632	The limitation period for lodging complaint with banking ombudsman is --		2
	---from representation to the bank
	1] 1 year 2] one year and one month 3] one month 4] 2 years
633	The award given by banking ombudsman will lapse and be of no effect,		2
	unless the complaint furnishes a letter of acceptance in full and final
	settlement to the bank within a period of -------
	1] 15 days 2] 30 days 3] 45 days 4] 60 days
634	Any person aggrieved by an award of banking ombudsman can prefer an		2
	appeal before Appellate authority within ----- days of the communication
	of the award or rejection of complaint
	1] 15 days 2] 30 days 3] 45 days 4] 60 days
635	When no interest is specified in the instrument ,the interest amount due		3
	there on will be ---- in terms of sec 80 of NI act
	1] 12% 2] 6% 3] 18% 4] 24%
636	In case of conviction in a summary suit[sec 143 of NI act] for cheque		4
	bouncing case, the punishment can be
	1] 2 years imprisonment 2] two times the amount of cheque 3] both 1
	&2 4] imprisonment not exceeding 1 year and amount not exceeding five
	thousand rupees
637	Accounts eligible for SARFAESI act are		5
	1] standard asset 2] substandard 3] doubtful 4] loss 5] 2 to 4 6] 1 to 4
638	SARFAESI act is not applicable if		6
	1] security interest in agriculture land
	2] security interest in loans below 1 lakh
	4] the amount due is less than 20% of the principal and interest there on
	5] security interest over aircraft/ship/vessel 6] all the above
639	SARFAESI Act [tick the correct one ]		4
	1] law of limitation is applicable
	2] overrides the provision of section 69 and 69A of Transfer of property
	act[ mortgaged property can not be sold without court intervention]
	3] the	account must be NPA 4] all the above
640	Under SEC 13 of SARFAESI ACT, secured creditor can enforce the		2

							51

	security interest only after expiry of ------ ----- days notice
	1]	30 2] 60 3] 90			4]	15
641	Selective credit control measures are announced by RBI in terms of sec -						1
	---- of ------ act
	1]	21 of BR act 2] 21A of BR act 3] 22 of BR act 4] 24 of Br act
642	Counterfeit currency report [CCR] is to be reported to FIU-INDIA						1
	1]	15 th of next month 2] not later than 7 working days from the end of
	the month the transaction has occurred 3] not later than 7 working days
	from the date of occurrence of the transaction 4] not later than 15
	working days from the date of occurrence
643	If records are not maintained by bank as per the stipulations of PMLA act						2
	2002,banks can be fined
	1]	Rs 10 lakhhs 2] Rs 10000 to 1 lakh for each failure 3] Rs 25000 4] no
	limit
644	As per RBI guidelines banks can obtain fixed deposit from new locker						4
	allottees,amount not exceeding
	1] bank can not take fixed deposit 2] amount that would cover 3 years
	rent 3] amount that would cover break opening charges 4] amount of 3
	years rent+ break opening charges
645	As per BCSBI, if a bank intends to close a branch or move its branch						1
	from its exisiting				place ,it will inform the customer------- months in
	advance if there is no other branch of any bank in that centre
	1]	2 months 2] 3 months 3] 6 months 4] 12 months
646	As per the code commitment to customers[BCSBI],the representative of						2
	bank will visit normally a borrower between----- and ------
	1]	7AM and 8 PM 2] 7AM and 7 PM 3] 8 AM and 8 PM 4] 9 AM and 9 PM
647	In case of hilly areas and difficult areas the size of SHG can be						2
	1]	5-10 2] 5-20 3] 10-20 4] no criterion
648	The target for foreign banks with less than 20 branches for Small						1
	Enterprise advances
	1] no target 2] 10 % of ANBC 3] 10% of credit equivalent amount of
	Off-Balance Sheet Exposure 4] higher of 2 and 3
649	Within the ------------ percent target for Agriculture, a target of ----------						1
	percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet
	Exposure, whichever is higher is prescribed for Small and Marginal
	Farmers ,
	1]	18&8 2]12&8				3]15&7 4]15&6
650	The target for Total agricultural advances is [Domestic banks]						3
	1]	18 % of ANBC 2] 18% of credit equivalent amount of Off-Balance
	sheet exposure 3] higher of 1 and 2 4] no target
651	Scheduled Commercial Banks must achieve under Micro Enterprises, -----						4
	---- percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet
	Exposure,
	1]	6.5	2] 5	3] 7	4] 7.5
652	Small [manufacturing] Enterprises is one whose Investment in plant and						2
	machinery [original cost excluding land and building] does not exceed
	Rs. -----
	1]	3 crores 2] 5 crores 3] 2 crores 4] i1 crore
653	Small		service Enterprises is one whose investment in				1
	equipment [original cost excluding land and building and furniture,
	fittings} does not exceed -------
	1]	2 crores 2] 1 crores 3] 5 crores 4] 10 crores
654	Micro [manufacturing] Enterprises is one whose investment in plant and						2
	machinery [original cost excluding land and building} does not exceed
	Rs. ----------, irrespective of location
	1]	50 lakhs 2] 25 lakhs 3] 5 lakhs 4] 10 lakhs
655	Micro Service Enterprises is one whose investment in						1

									52

	equipment [original cost excluding land and building and furniture,
	fittings} does not exceed --------
	1]	10 lakhs 2] 50 lakhs 3] 25 lakhs 4] 15 lakhs
656	Advances granted to retail traders will fall under								2
	1] indirect agriculture advance 2] small [service] enterprise 3] small
	[manufacturing] enterprise] 4] SSI
657	Which			of the following is not a category under priority sector					8
	1]	Agriculture 2] Micro and Small Enterprises 3]Education
	4]	Housing 5] Export Credit 6] Others 7]medium enterprises 8]none
658	Out of 7.5% in question 651, what should be achieved by March 2016								4
	and March 2017 by commercial banks-
	1]	6&7.5			2]5&7.5 3]6.5&7.5 4]7&7.5
659	The target for foreign banks with less than 20 branches under Priority								3
	sector is ------percent of ANBC or CEOBE whichever is higher-
	1]	32		2] 25		3] 40		4] 36
660	Educational loans granted to individuals for educational purposes up to								5
	Rs. ------- for studies in India and Rs. ------- for studies abroad. will fall
	under priority sector
	1]	7.5 and 15 2] 7.5 and 20 3] 10 and 20 4] 10 and 15 5] 10 and 10
661	The above criterion (40% for PS by Foreign Banks) is to be met in a								2
	phased manner at an increase of ---------% for each year from 2016-17
	target of 32% -
	1]	1	2] 2		3]3		4] 4
662	Which of the following will fall under AGRICULTURE credit –								4
	1]	Farm Credit					2] Agriculture Infrastructure 3] Ancillary Services
	4]	All the above
663	Agriculture infrastructure loan means –								4
	1]	Loans for construction of storage facilities 2] Loans for Soil
	Conservation and Watershed development 3] Loans for Plant Tissue
	culture and Agri-Biotechnology, Seed Production, Production of bio-
	pesticides, bio-fertilizer, and vermin composting.
	4]	All the above
664	Which of the following is/are correct								4
	1] no loan can be given against our own bank shares
	2]	A staff member can take normally Privilege leave on 3 occasions
	3] no loan can be given against FDR of other banks
	4] all the above
665	If the current ratio is 2:1 and the current liabilities are 100 crores, then								1
	current assets will be
	1]	200 cr
	2]	50 cr
	3]	400 cr
	4] data is insufficient
666	The rate of interest on NRE savings account is								5
	1]	4% 2] 5 % 3] 3.5% 4] 2% 5] each bank can decide
667	Which is correct								1
	1]	DP is an agent of depository 2] depository is an agent of DP 3]
	Depository is an agent of SEBI 4] DP is an agent of RBI
668	Who appoints Merchant Banker								2
	1]	SEBI 2] ISSUER COMPANY 3] RBI 4] DEPOSITORY
669	IFSC [Indian Financial system code] is associated with								5
	1]	RTGS 2] NEFT 3] FIU-INDIA 4] PMLA 2002 5] 1 AND 2
670	RBI has eased the Anti Money Laundering Guidelines and allowed								4
	Authorised persons dealing in Foreign exchange to make payment in
	cash to Foreign visitors/NRI going abroad to the extent of
	1]	USD 2000 2]USD 2500 3]USD 500 4] USD 3000
671	The UCPDC [icc publications-600] contains								1

		53

	1] 39 articles 2] 49 Articles 3] 29 articles 4] 600 articles
672	The Information regarding Wilful defaulters will be submitted to	5
	1] RBI 2] CIBIL 3] CBI 4] ALL THREE 5] 1 And 2

673	A NRI person is having a fixed deposit with you for Rs 200 lakhs. You	3
	can give maximum demand loan of RS
	1] 40 lakhs 2] 100 lakhs 3] 180 lakhs 4] no demand loan can be given
674	Which is the item added to the “Force Majeure” in UCP 600	4
	1] Floods 2] earth Quake 3] Tsunami 4] act of Terrorism
675	As per UCP 600, all credits are	2
	1] Revocable 2] irrevocable 3] as mentioned in the LC
	4] Clean
676	As per NI Act ,a truncated cheque	2
	1] promissory note 2] bill of exchange 3] fixed deposit receipt 4] all 1
	to 3 5] none of this
677	In Annual information Return in form 61A is to be submitted on or	2
	before
	1] 31 st July 2] 31 st august 3] 30 th April 4] 31^st December
678	Which of the following can not be negotiated by endorsement and	3
	delivery
	1] certificate of deposits 2] commercial paper 3] TERM deposit
	receipts 4] all of these 5 ] none of these
679	What is the margin for advances against shares/IPO	2
	1] 25% 2] 50% 3] 10% 4] no margin
680	Margin on bank guarantee on behalf of stock brokers is ------% out of	3
	which ------% should be cash margin
	1] 50 and 30 2] 50 and 10 3] 50and 25 4] 40 and 20
681	Which of the following will not be reported as Fraud to RBI	5
	1] Cases of theft 2] burglary 3] dacoity 4] robbery 5] all the above.
682	What is the target for foreign banks less than 20 branches in case of	4
	agriculture, micro & small enterprises, export credit AND weaker
	sections
	1] 12% 2] 10% 3] export credit 12% rest 10% 4] no specific target
683	What aggregate sanctioned amount per borrower from the banking	2
	industry for Agriculture infrastructure loan can be considered under
	the Priority Sector?
	1] 10 crore 2] 100 crore 3] 500 crore 4]1000 crore
684	10 % ANBC or CEOBE whichever is higher is the target for weaker	4
	sections under priority sector for
	1] domestic banks 2] foreign banks with 20 & above branches
	3] foreign banks less than 20 branches 4] 1and 2 5] 1 and 3
685	In case of ECS debit return, bank	3
	1] can not charge any return charges as physical instrument is not
	moving 2] ECS debit can not be stopped 3] not higher than normal
	cheque return charges 4] maximum of Rs 1000 per return
686	Cover under CGTMSE is 85% in case of	2
	1] loan to micro and small enterprises 2] loan to micro enterprises
	upto 5 lakhs 3]loan to micro and small enterprise operated by and
	owned by women 4] 2 and 3 5] 1 to 3
687	As per RBI guidelines a SB/ current account can be treated as	2
	inoperative/dormant ,if there are no transactions in the account for

					54

	over a period of
	1]	6 months 2] 2 years 3] 3 years 4] left to individual banks
688	As per RBI		,the activation fee for inoperative account is		3
	1] max RS 100 2] Max Rs 200 3] no activation fee can be charged4]
	left to individual banks
689	For creating Equitable Mortgage, title deeds are to be deposited in :				4
	1]	Any Place	2] Any place identified by Central Govt.
	3]	Notified place		4] Notified place by State Govt. for this purpose
690	The repayment structure can not exceed ----- years for restructured				2
	SMEs
	1]	5 2]10	3] 3	4] no stipulation
691	In	a cash credit account if the stocks are older than -------months, the			3
	account will become--------
	1]3months,NPA 2]3 months, out of order 3] 3 months , irregular 4]
	3months , special mention accounts
692	STAR Series note issued by RBI is				6
	1] a legal tender 2] not a legal tender 3] It is replacement of
	defectively printed notes 4] the packet containing the Star series will
	contain 100 bank notes but not in the serial order 5] star appears
	between the Prefix and the number 6] all the above except 2
693	Which of the following act deals with Right of Appropriation				2
	1]	Indian evidence act 2] Indian Contract ct 3] negotiable instrument
	act 4] Indian partnership act
694	Banks must report frauds to RBI within------ from the date of detection				1
	1]	3 weeks	2] 2 weeks 3] 4 weeks 4] next day
695	Matured term deposit but not paid is a				2
	1] Time liability 2] demand Liability 3] contingent liability 4] no liability
696	In case of NEFT/RTGS , the penal interest to be paid by the banks in				3
	case of delay in crediting the beneficiary customer’s account or in
	returning the uncredited amount to the remitter
	1]	Bank rate + 2% 2] Reverse Repo Rate+2%
	3]	RBI LAF Repo Rate + two percent 4] 18%
697	Basic statistical returns 1 part A relates to				1
	1] accounts with individual credit limits of over Rs 2 lakhs 2] accounts
	with credit limits less than 2 lakhs in a consolidated form 3] details of
	deposits 4] details of deposits and advances
	5] accounts with individual limits of 2 lakhs
698	If	outstanding housing loan balance is Rs 25 lakhs and excluding			3
	interest and other charges of Rs 5 lakhs and the realisable value of
	security is 40 lakhs, the LTV ratio is
	1]	62.5% 2] 50% 3] 75% 4] data is insufficient
699	LTV ratio in housing loan is used for				4
	1] liquidity 2] assigning risk weight 3] sanctioning loan 4] margin
	purpose
700	BCSBI was formed as per the recommendation of				4
	1]	Narasimhan committee 2] Rangarajan committee 3] Sri Krishna
	committee 4] SS Tarapore committee
701	Banks have to report to				4
	1] list of suit-filed accounts of wilful defaulters of Rs.25 lakh and

	above as at end-March, June, September and December every year
	to Credit Information Bureau [India] Ltd. [CIBIL]
	2] the quarterly list of wilful defaulters where suits have not been filed
	only to RBI
	3] all suit filed accounts 10 lakhs and above to both
	4] 1 and 2 5] none
702	As per fair practice code for lenders, copy of loan agreement and					4
	related documents to be given to
	1] borrower on request in writing 2] guarantor on request in writing 3]
	both 1and 2 4] to borrower and guarantor even without request
703	Bank shall reimburse wrongly debited ATM transactions in terms sec					4
	18 Payment & settlement System Act 2007 within ----- days receipt of
	complaint
	1]10	2] 25	3] 30	4] 7
704	IFS	code [Indian financial system] is			used	6
	1] NEFT 2] RTGS 3] income tax return 4] OLTAS 5] EASIEST
	6]1&2
705	Form A1 is used for					5
	1] imports 2] other than imports 3] statement to RBI for transactions in
	NRI account 4] Transactions in FCNR account
	5] stands abolished
706	What is the maximum amount gift an individual can send abroad in a					7
	financial year
	1] USD 5000 2] USD 2500 3] USD 200000 4] USD 100000
	5] USD 75000 6] USD 125000 7] USD 250000
707	Which of the following loans will fall under Ancillary activities of					7
	Agriculture category –
	1] Loans upto 5 crore to co-operative societies of farmers for
	disposing of the produce of members				2] Loans for setting up
	Agriclinics and Agribusiness Centres				3] Loans for Food and Agro-
	Processing upto an aggregate sanctioned limit of 100 crore per
	borrower from the banking system 4] Bank loans to Primary
	Agricultural Credit Societies (PACS), Farmers’ Service Societies
	(FSS) and Large-sized Adivasi Multi-Purpose Societies (LAMPS) for
	on-lending to agriculture 5] Loans sanctioned by banks to MFIs for
	on-lending to agriculture sector as per the conditions specified 6]
	Outstanding deposits under RIDF and other eligible funds with
	NABARD on account of priority sector shortfall
	7] All of the above
708	The adjudication of claims in respect of notes of one rupee, two					5
	rupee, five rupee, ten rupee and twenty rupees denomination shall be
	made in the following manner, namely,
	1] if the area of the single largest undivided piece of the note
	presented is more than 50 percent of the area of the respective
	denomination, rounded off to the next complete square centimetre,
	full value on mutilated notes of the above denominations shall be
	payable;
	2] If the area of the largest undivided piece of the note presented is
	less than or equal to 50 percent of the area of the note, the claim shall
	be rejected.

	3] if the area of the single largest undivided piece of the note
	presented is more than 60 percent of the area of the respective
	denomination, rounded off to the next complete square centimetre,
	full value on mutilated notes of the above denominations shall be
	payable;
	4] If the area of the largest undivided piece of the note presented is
	less than or equal to 60 percent of the area of the note, the claim shall
	be rejected.
	5] 1 and 2		6] 3 and 4
709	Under SARFAESI act, a 60 days notice is given. The borrower raises					3
	some objection within those 60 days. The bank must reply within
	1] 1week 2] 7 days 3] 15 days 4] no need to reply
710	If shares in the electronic form are converted into physical form, the					2
	process is known as
	1]Dematerialization 2] rematerialisation 3] can not be converted into
	physical form as they are already destroyed 4] Mutilisation
711	Eligible balance in NRO account is repatriable up to 1 million USD in					4
	a financial year. Supposing a NRO account holder requests you to
	credit the eligible amount after completing the formalities to NRE
	account,you
	1] will not credit 2] will credit subject to permission from RBI
	3] will credit if he repatriates within 1 month 4] will credit
712	Financial intelligence Unit [FIU] is a part of					4
	1] RBI 2] IBA 3] MINISTRY OF HOME AFFAIRS 4]MINISTRY OF
	FINANCE
713	Restriction on access to a computer system by the unauthorized					2
	person is through
	1] Net working 2] firewall technology 3] virus technology 4]all the
	above
714	Who can not be a partner in a LLP (Limited Liability partnership)					5
	1] a major individual 2] NRI 3] NBFC 4] HUF 5] 3 and 4
715	One Kilo bite is equal to					2
	1] 1000 bites			2] 1024 bites 3] 1042 bites 4] 1030 bites
716	Under RTI act Any person who, does not receive a decision within the					2
	time specified in, or is aggrieved by a decision of the Central Public
	Information Officer or State Public Information Officer, as the case
	may be, may within ---------days from the expiry of such period or from
	the receipt of such a decision prefer an appeal to such officer who is
	senior in rank to the Central Public Information
	1] 45 days		2] 30days 3] 15 4] 60 days
717	Dividends distributed by mutual funds are					4
	1] taxed at source
	2] taxed in the hands of the investors
	3] are subject to capital gains tax
	4] are tax-free in the hands of the investor
718	The interest subvention in case of Educational Loan is available if the					3
	parental income ceiling is not more than Rs. ____________ lacs per
	annum
	1] 3.5	2] 4.4		3] 4.5	4] 5.5
719	Which of the following is correct with respect to guarantor’s right –					5

	1]	To inspect Bank’s records
	2]	To dispose of Borrower’s assets
	3]	To inspect documents
	4]	To take account statement
	5]	To know the progress in the conduct of account
720	In Education loan after what amount guarantee can be taken?					4
	1]	7.5 lakhs 2] 10 lakhs 3] 4.5 lakhs 4] 4 lakhs
721	Maximum amount that is permissible under Priority Sector for Repair					2
	of House in Rural and Semi Urban area is __________ lakhs
	1]	52]2		3] 3	4] one
722	What is the latest RBI directive for issuing DD for amount of Rs.					4
	20,000 and above
	1] it should be signed by two officers 2] It should not be against tender
	of cash 3] Dds Can Not be given in personal names 4] it should be
	crossed account payee
723	If Garnishee Order does not specify any amount, then the branch					4
	should
	1] ignore it 2] bring it to the notice of the court 3] attach 50% of
	balance 4] attach the full credit balance
724	Which of the following is not material alteration?					5
	1] crossing the cheque 2] Filling the date which was not filled,
	3] Writing Bank name between two parallel lines 4] cutting the bearer
	5] none of the above
725	Housing Loan under DRI to SC / ST can be given up to Rs					2
	1]	10000		2] 20000 3] 50000 4] 25000
726	If a cheque is dishonoured, the beneficiary can demand payment from					4
	the drawer within ____________ days of dishonor
	1]	15 days 2] 25 days 3] 60 days 4].30 days
727	The provision for standard assets of direct agriculture and MSE is					4
	1]	2%	2] 1% 3] 0.4%4] 0.25%
728	In the Gold Loan, what is the charge that bank creates on the					3
	ornaments taken as security
	1] assignment				2] lien 3] pledge 4] hypothecation 5] mortgage
729	The NAV of a mutual fund					3
	1]	is always constant 2 ] keeps going up at a steady rate
	3]	fluctuates with market price movements 4] cannot go down at all
730	An open-ended mutual fund is one that has					2
	1] an option to invest in any kind of security
	2] units available for sale and repurchase at all times
	3] an upper limit on its NAV
	4]	a fixed fund size
731	.A mutual fund is owned by					3
	1]	the Govt. of India 2] SEBI
	3]	all its investors
	4]	AMFI
732	PAN		is compulsory for which of the following [other than the state of			1
	SIKKIM]
	1] opening beneficial owner account[DMAT ] with DP 2] for depositing
	cash of Rs 50000 and above in a saving/current account with a bank
	3] for obtaining DD/BC by depositing cash of Rs 50000or more 4] for

					58

	taking payment of a fixed deposit of Rs 20000 or more
733	Failure to furnish AIR [annual information return ] under sec 285BA				2
	will attract a penalty of
	1] Rs10 per day of the default 2] Rs100 per day of the default 3]
	Rs1000 per day of the default 4] Rs500 per day of the default
734	Revalidation of DD 1] cannot be done 2] normally once 3]any many				2
	times 4] twice only
735	Penalty for quoting wrong PAN is				4
	1] RS100 2] Rs 500 3] Rs 1000 4] Rs 10000
736	Buy now and pay later is the facility available under				4
	1] ATM CARD 2] DEBIT CARD 3] PAN CARD 4] CREDITCARD
737	Which of the following form will be used by an individual aged 60				4
	years for non deduction of TDS ON INTEREST
	1] FORM 60 2] FORM61 3] FORM 15 G 4] FORM 15H
738	As per Reserve Bank direction that with effect from April 1, 2012,				1
	banks should not make payment of cheques/drafts/pay
	orders/banker’s cheques bearing that date or any subsequent date, if
	they are presented beyond the period of ---------- from the date of
	such instrument
	1] 3	2] 6	3] 12	4] 1
739	In order to address the regulatory concerns that have arisen in this				4
	context, banks are advised to ensure that demand drafts of -----------
	and above are issued invariably with account payee crossing1] Rs.
	10,000/-		2] Rs. 50,000/- 3] Rs. 30,000/- 4] Rs. 20,000/-
740	As per recent policy, when fake notes -------- is received in a				3
	transaction, the branch has to lodge FIR
	1] more than 2			2] more than 3 3] more than 4 4] Even if one note
	is received
741	NEFT facility is available only to				6
	1] customers of the branch 2] Walk in customers upto 50000 3] walk
	in customers upto 25000 4] walk in customers up to 74210000 5] 1 &
	3 6]1& 2
743	As per the note refund rules of RBI if a person presents a piece of any				2
	denomination of 50 and above bank notes, containing area of 40% to
	65%,then the refund will be
	1] 100% 2] 50% 3] nil 4] 60%
744	Which of the following can open RESIDENT FORIGN CURRENCY				1
	ACCOUNT[domestic]
	1] residents 2] foreigners 3] Non resident becoming resident 4]
	resident becoming non resident
745	A loan document was signed by partner A on 01/04/2007 and by				2
	partner B on 01/ 05/2007 and by partner C on 01/06/2007.The
	limitation period is reckoned from
	1] 02/05/2007			2] 02/06/2007 3] 02/07/2007 4] invalid document
746	What is true about the payment of claim of mutilated note of rupees fifty				5
	and above denominations
	1] Full value of the mutilated notes of the above denominations shall be
	payable		if the area of the single largest undivided piece of the note
	presented is more than 65 percent of the area of the respective
	denomination rounded off to the next complete square centimeter;
	2] if the undivided area of the single largest undivided piece of the note

	presented is equal to or more than 40 percent and less than or equal to
	65 percent of the area of the respective denomination rounded off to the
	next complete square centimeter, half the value of the note is payable.
	3] If the area of the single largest undivided piece of the note is less than
	40 percent, no value shall be payable, and the claim shall be rejected.
	4] if the claim of mutilated notes of rupees fifty to rupees one thousand
	denomination notes consists of a note composed of two pieces of the
	same note and the two pieces, individually, have an area equal to or
	more than 40 percent of the total area of the note in that denomination,
	then the claim may be refunded for full value and need not be treated as
	consisting of two tenders for half value.
	5] 1 to 4
747	As per recent guidelines of RBI ,the charges for inward					4
	RTGS/NEFT/ECS transactions is
	1] not to exceed Rs50 2] not to exceed Rs20 3] not to exceed Rs100
	4] FREE
748	A Negotiable instrument which is genuine, deposited and collected					2
	fraudulently by person who is not the true owner. The fraud when it
	comes to light will be reported to RBI by
	1] paying banker 2] collecting banker 3] 1 or 2 4] both 1 and 2
749	Farmers with landholding of upto ----------hectares are considered as					1
	Marginal Farmers –
	1] One 2] Two				3] Three 4] Five
750	An individual may carry to Nepal or Bhutan, currency notes of					5
	Reserve Bank of India
	1] denominations above Rs.100/-, i.e. currency notes of Rs.500/-
	and/or Rs.1000/- denominations,
	2] subject to a limit of Rs.25000/-.
	3] without any limit
	4] notes above Rs 100 can not be carried
	5] 1&2		6] 1&3
751	Farmers with landholding of more than ------- hectare and upto --------					3
	hectares are considered as Small Farmers –
	1] 1 and E 2] 1 and 5 3] 1 and 2 4] 1 and 10
752	Bank loans upto ---------- crore per unit to Micro and Small Enterprises					2
	engaged in providing or rendering of services and defined in terms of
	investment in equipment under MSMED Act, 2006 will fall under
	priority sector –
	1] 3	2] 5		3] 8	4] 10
753	Each banknote, which, on examination of various security features /					2
	parameters, is determined as a counterfeit one, shall be branded with
	a stamp "COUNTERFEIT BANKNOTE". with a uniform size of
	1] 3cmx 3cm 2] 5 cm x 5 cm 3] 4cm x 4 cm 4] 4cmx 5cm
754	"In the the following statement which does not fall under WILLFUL					5
	DEFAULT definition of RBI
	1] The unit has defaulted in meeting its payment / repayment
	obligations to the lender even when it has the capacity to honour the
	said obligations.
	2] The unit has defaulted in meeting its payment / repayment
	obligations to the lender and has not utilised the finance from the
	lender for the specific purposes for which finance was availed of but
	has diverted the funds for other purposes.

	3] The unit has defaulted in meeting its payment / repayment
	obligations to the lender and has siphoned off the funds so that the
	funds have not been utilised for the specific purpose for which finance
	was availed of, nor are the funds available with the unit in the form of
	other assets.
	4]The unit has defaulted in meeting its payment / repayment
	obligations to the lender and has also disposed off or removed the
	movable fixed assets or immovable property given by him or it for the
	purpose of securing a term loan without the knowledge of the
	bank/lender.
	5] none of the above 6]all the above
755	Domestic wire transfer means	4
	1] wire transfer between the branches of same bank 2] any wire transfer where the
	originator and receiver are located in the same country. 3] chain of wire transfers
	that takes place entirely within the borders of a single country even though the
	system used to effect the wire transfer is located in another country. 4] 2 and 3
756	Which of the following is not an option available for computing capital for credit risk	4
	1] Standardised Approach, 2] Foundation Internal Rating Based Approach 3]
	Advanced Internal Rating Based Approach. 4] basic indicator approach
757	Which of the following is not an option available for computing capital for operational	4
	risk
	1] Basic Indicator Approach, 2] Standardised Approach 3] Advanced Measurement
	Approach. 4] Advanced Internal Rating Based Approach
758	Which is not an element of TIER 1 CAPITAL	5
	1] Paid-up equity capital, statutory reserves, and other disclosed free reserves, if
	any;
	2] Capital reserves representing surplus arising out of sale proceeds of assets;
	3] Innovative perpetual debt instruments eligible for inclusion in Tier 1 capital,
	4] Perpetual Non-Cumulative Preference Shares [PNCPS], which comply with the
	regulatory requirements
	5] General provisions and loss reserves
759	while determining their value for inclusion in Tier 2 capital, the	3
	Revaluation reserves is considered at a discount of
	1] 45% 2] 35% 3] 55% 4] 65%
760	Innovative Perpetual Debt Instruments [IPDI] in excess of ------- Tier 1	2
	capital will be included in Tier 11 capital
	1] 20% 2] 15% 3] 25% 4] 30%
761	Subordinated debt instruments eligible for inclusion in Lower Tier 2	3
	capital will be limited to ---------- percent of Tier 1 capital after all
	deductions.
	1] 10% .2] 15% 3] 50% 4] 35%
762	Loans and advances to bank’s own staff which are fully covered by	3
	superannuation benefits and/or mortgage of flat/ house will attract a --
	------ per cent risk weight
	1] 0% 2] 10% 3] 20% 4] 15%
763	Loans and advances to bank’s own staff which are neither fully	4
	covered by superannuation benefits nor mortgage of flat/ house will
	attract a -------- per cent risk weight
	1] 50% 2] 10% 3] 20% 4] 75%
764	Which of the following is an international credit rating agency	5
	1] Credit Analysis and Research Limited;
	2] CRISIL Limited;
	3] FITCH India; and

							61

	4] ICRA Limited.
	5] Fitch;
765	For settlement of claims in a Deposit account of a missing person,						3
	how many years the bank should wait if a person is not heard of alive
	or dead in terms of sec 108 of Indian evidence act
	1] 6 months 2] 1 year 3] 7 years 4] 10 years
766	Interest on FCNR deposit is compounded at -------------------- intervals						4
	if opened for 1 year
	1] quarterly		2] half yearly		3] every 180days 4] only simple interest
	will be paid as there is no compounding effect
767	Bank Loans upto ----------crore per unit to Medium Enterprises engaged
	in providing or rendering of services and defined in terms of investment
	in equipment under MSMED Act, 2006 will fall under priority sector –
	1]3 2]5 3]8			4] 10 5] NIL		4
768	ANBC is calculated as						2
	1] bank credit in india +bills discounted with RBI and other FI -
	investments in Non SLR categories HTM +other investments eligible to
	be treated as Priority sector
	2] bank credit in india -bills discounted with RBI and other FI +
	investments in Non SLR categories HTM +other investments eligible to
	be treated as Priority sector
	3] bank credit in india -bills discounted with RBI and other FI +
	investments in Non SLR categories HTM -other investments eligible to be
	treated as Priority sector
	4] bank credit in india - bills discounted with RBI and other FI -
	investments in Non SLR categories HTM +other investments eligible to
	be treated as Priority sector
768	Loans to farmers upto RS ------					lakhs given against	4
	pledge/hypothecation of agriculture produce[including warehouse
	receipt] for a period not exceeding--------months to individual farmers
	will be treated as Farm credit advance
	1] 25 and 24		2] 20 and 12		3] 25 and 12 4] 50 and 12
769	Loans upto an aggregate limit of					RS ------- crores [per borrower]to	2
	corporates including Farmer’s producer companies of individual farmers,
	partnership firms and cooperatives of farmers directly engaged in
	agriculture and allied activities will be classified as farm credit
	1] 1	2] 2	3] 50 lakhs 4] no such limit
770	Repayment of a deposit with maturity value of Rs 20000 or more by a						3
	bank other wise than by A/C payee cheque or DD or credit to the
	account will attract a penalty of Rs
	1] 20000 2] 10000 3] amount equivalent to the deposit repaid 4] 10%
	of the amount paid or 20000 which ever is more
771	Which category is recently added to Priority sector category –						7
	1] Micro Manufacturing 2] Micro Service Enterprises 3] Small
	Manufacturing			4] Small Service Enterprise 5] Medium Manufacturing
	6] Medium Service Enterprise 7] 5 & 6
772	The refund amount for notes					Rs 50 and above ,when a single	3
	piece[mutilated] with above 65% area is presented will be
	1] 50%	2] 25%		3] 100%	4] 75%
773	For FY 2015-16the amount of deduction under SEC 80E,towards						3
	interest on loan taken for higher Education/post senior secondary
	study courses from financial institution for self or relatives is Rs
	1] 40000 2] 80000 3] amount of actual interest paid 4] 50% of actual
	interest paid

									62

774		Triple Lock Receptacle [TLR ] cover is used in							4
		1] computer soft ware				2] RTGS		3] NEFT 4] for obtaining refund of
		mutilated notes 5] currency chest
775		Mobile banking guidelines are issued by RBI in terms section of							4
		1] 35A BR act 2] 6 of Br act 3] Sec 23 of Br act 4] sec 18 of payment
		and settlements systems act 2007
776		A special feature in intaglio has been introduced on the left of the water							4
		mark window on all bank notes except RS
	1] 1000		2] 500 3] 50			4] 10	5] 2 6] none
777		Optically Variable Ink is a new feature introduced in RS 1000 and Rs 500							3
		notes. due to this the colour of numeral 1000/500 appears-------- when
		held flat but changes to ------ when held at an angle
		1] green and red			2] blue and green 3] green and blue 4] red and green
778		Loans to educational institutions will be classified under Priority Sector as							2
		1] Education loan			2] Micro / small [service enterprises]
		3] Medium Service Enterprises						4] Loans to educational institutions do
		not fall under priority sector
779		A person presents a piece of 10 rupees note with exactly 50% area. How							4
		much amount can be given to him
		1] Rs 10		2]RS5	3] Rs 6 4] Nothing can be given to him
780		In the above question if he presents a piece having an area of more than							1
		50%,what refund will be given
		1] Rs 10		2]RS5	3] Rs 6 4] Nothing can be given to him
781		Which of the following is Intangible Assets –							3
		1] Stock		2]	Book debts more than 6 months old
		3] Goodwill 4] pre paid expenses
782		The document generally not required by banks in a LC transaction							5
		1] Airway bill 2] bill of lading 3] certificate of origin
		4] insurance document 5] balance sheet
783		Recently RBI has announced the cap limit for levy of service charges							4
		for electronic payment products and for out station cheques. This was
		issued in terms of
		1] 35A BR act 2] 6 of Br act 3] Sec 23 of Br act 4] Sec 18 of payment
		and settlements systems act 2007
784		Jurisdiction of the District Forum under Consumer protection act to							2
		entertain complaints where the value of the goods or services and the
		compensation, if any, claimed ''does not exceed rupees
		1]exceeds rupees twenty lakhs but does not exceed rupees one
		crore;
		2] upto		rupees twenty lakhs
		3} exceeds rupees twenty lakhs but does not exceed rupees Two crore;
		4] exceeds rupees twenty lakhs but does not exceed rupees fifty lakhs
		crore;
785		No appeal by a person, who is required to pay any amount in terms of							1
785
		an order of the District Forum, shall be entertained by the State
		Commission unless the appellant has deposited in the prescribed
		manner ---------- of that amount or ------------ rupees, whichever is
		less:
	1] 50%,25000 2] 10% ,25000 3] 30% ,10000 4] 50%, 10000
786		Limitation period. - The District Forum, the State Commission or the							2
786
		National Commission shall not admit a complaint unless it is filed within
		-------years from the date on which the cause of action has arisen.
		1] 1 year 2] 2 years 3] 3 years 4] 30 days 5] 450 days

787	Any person, aggrieved by an order made by the National Commission		2
787
	in exercise of its powers conferred by sub-clause [i] of clause [a] of
	section 21, may prefer an appeal against such order
	1] High Court period of thirty days from the date of the order:
	2] Supreme Court within a period of thirty days from the date of the
	order
	3] no appeal is allowed 4] Any Civil court or Metropolitan court
788	The Statement of Structural Liquidity is to be submitted		1
	1] Fortnightly on 1^st & 3^rd Wednesday within seven days
	2] Monthly on the last working day within seven days
	3] Weekly on the last Friday within seven days
	4] Half yearly on 30^th September and 31^st March within seven days.
789	Bill sent for collection – Banker-Customer relationship is		1
	1] agent-principal 2] debtor-creditor 3] pawnor-pawnee 4] bailor-
	bailee

790	Education loans are to be classified as --------- for the purpose of		1
	capital adequacy norms
	1] Non consumer credit 2] Consumer credit 3] High risk credit 4] Low
	risk credit

791	As per RBI ,the review of risk categorization of customers is to be		3
	carried out at a periodicity of not less than once in---------
	1] 3 months 2] 12 months 3] 6 months 4] 18 months

792	Full KYC exercise will be required to be done at least every ------ for		2
	low risk and at least ------- years for medium risk individuals and
	entities	1] 10,10 2] 10,8 3] 8,10 4] 10,5

793	which credit information companies have been granted Certificate of		5
	Registration by RBI
	1] Credit Information Bureau (India) Limited,
	2] Equifax Credit Information Services Private Limited,
	3] Experian Credit Information Company of India Private Limited
	4] CRIF High Mark Credit Information Services Private Limited
	5] all the above

794	Who is odd man in the following		4
	1] SEBI	2] IRDA 3] RBI 4] IBA

795	When Guarantor on payment of all dues to principal debtor, he gets		1
	which rights as that of creditor?
	1] Subrogation 2] Lien 3] Assignment 4] Pledge
796	CGTMSE ALLOW 80% cover IN CASE OF limit upto 50 lakhs		3
	1] women enterprises
	2] units located in NE states and sikim.
	3] 1 and 2	4] credits extended to SC/ST

797	The full form of SWIFT		1
	1] Society for Worldwide Inter bank Financial Telecommunication
	2] Security for Worldwide Inter bank Financial Telecommunication
	3] Society for Worldwide Intra bank Financial Telecommunication
	4] Society for Worldwide International bank Financial
	telecommunication

					64

798	As per RBI ,presently		what is true about prohibiting alterations /		4
	corrections on cheques' is applicable to1] all cheques 2] only for cheques
	cleared under the image-based Cheque Truncation System [CTS]. 3] is
	not applicable to cheques cleared under other clearing arrangements
	such as MICR clearing, non-MICR clearing, over the counter collection
	[for cash payment] or direct collection of cheques outside the Clearing
	House arrangement 4] 2 and 3
799	As per Code of Bank’s Commitment Micro & Small Enterprises, the				5
	bank will not insist on collateral for credit limits up to Rs…………….
	1] 2 lacs	2] 3 lacs	3] 5 lacs	4] 7 lacs 5] 10 lakhs
800	Which of	the following categories of loans could be priced without			4
	reference to the Base Rate:
	1] DRI advances 2] loans to banks’ own employees 3] loans to banks’
	depositors against their own deposits.4] all the above
801	DIS in Demat account is				2
	1] Deposit insurance slip
	2] delivery instruction slip
	3] demand instruction slip
	4] demat instruction slip
802	In DEMAT account “Transposition cum dematerialization” means				1
	1] This is lodged for dematerliasation of certificates in the name of A
	and B, into the account held in the Demat account in the order B and
	A
	2] for deletion of name in the demat account after the death of one
	person
	3] for dematerialsing a certificate containing more than 3 names
	4] for opening a demat account of a Clearing Member
803	In terms of Anti Money Laundering guidelines ,payment in cash by				2
	foreign visitors/non resident Indians may be acceded to the extent of
	1] USD 2000 2] USD 3000 3] USD 2500 4] USD 10000
804	The full form of ASBA				1
	1] Applications Supported by Blocked Amount
	2] Applications supported by Brokers account
	3] Applications supported by Bond account
	4] Adjustment supported by Blocked account
805	ASBA is a new process introduced by SEBI for IPO. what is				1
	true about it
	1] New mode of payment in public issues wherein the
	application money remains in the bank account till allotment
	in the public issue.
	2] Money is to be deposited only after allotment of issue
	3] 50 % of the amount will be reserved by the bank at the
	time application
	4] this is meant only for brokers and not for general public

806	Banks [SCSBs] included under Applications Supported by Blocked				1
	Amount are known as
	1] Self Certified Syndicate Banks 2]			special certified syndicate banks
	3] securities certified syndicate banks
	4] securities collecting syndicate banks

					65

807	NEFT has --------hourly settlements on week days				1
	1] 12	2] 11	3] 10	4] 16
808	What is true about base rate				4
	1] The Base Rate system would be applicable for all new loans and
	for those old loans that come up for renewal
	2] Existing loans based on the BPLR system may run till their
	maturity.
	3] In case existing borrowers want to switch to the new system,
	before expiry of the existing contracts, an option may be given to
	them, on mutually agreed terms. Banks, however, should not charge
	any fee for such switch-over.
	4] all the above
809	The current assets of a company is 600 lakhs and the current ratio is				3
	1.5.The current liability will be
	1] 750lakhs 2] 900lakhs 3] 400 lakhs 4] 450 lakhs
810	The closing stock of RM , which is double the opening stock, is Rs. 50				2
	lakh. The annual purchase is Rs. 120 lakhs. Then the raw material
	consumed is
	1] Rs. 145 lakhs 2] Rs. 95 lakhs 3] Rs. 170 lakhs 4 ] Rs 70 lakhs

811	Under Turnover Method the MPBF of a SME Units Rs.120 lakhs.				1
	Hence the annual accepted sales level is
	1] Rs. 600 lakhs 2] . Rs. 200 lakhs 3] . Rs. 45 lakhs 4] Rs.60 lakhs
812	Mr. A enjoys a cash credit limit of Rs. 10 lakhs the value of security is				2
	Rs. 20 lakhs		The margin is 30% therefore, the drawing Power
	available will be
	1] Rs. 14 lakhs 2] Rs. 10 lakhs 3] Rs. 20 lakhs 4] Rs. 6 lakhs
813	In CDR category 1 which of the following loans accounts are eligible				5
	1]sub standard 2] standard 3] loss 4] doubtful 5] 1 and 2
814	who is not eligible for CGTSME in the following				7
	1]micro enterprises [manufacturing] 2] small enterprises
	[manufacturing ] 3] Micro enterprises [service ] 4] small enterprises [
	manufacturing] 5] retail trade 6] SHG 7] 5 and 6
815	Under SARFAESI ACT PRIINCIPAL Debtor/Guarantor aggrieved by				2
	any measure[taking possession] taken by secured creditor can file an
	application/petition to DRT within-------- days
	1] 60	2] 45	3] 90 4] 12
816	You receive and Income Tax attachment order for Rs.1,50,000/- in				2
	the name of Mr. Raj Thapa who is maintaining a joint account with his
	wife Mrs. Naval Thapa. The balance in the joint account is
	Rs.2,50,000/-. How will you handle the situation
	1] pay Rs 150000 2] pay Rs 125000 3] Rs 75000 4] do not pay
	anything
817	As per the current norms A2 form need not be insisted for release of				2
	foreign exchange for miscellaneous purpose when the purchaser
	gives a self declaration up to
	1] usd 500 2] usd 25000 3] usd 2500 4] usd 1000
818	Which of the following does not fall under the implied authority of a				7
	partner as per sec 19[2] of partnership act
	1] to submit firm’s dispute for arbitration 2] to open a bank account on

						66

	behalf of firm in his own name 3] to compromise any claim by the firm
	4] draw out any suit filed on behalf of the firm 5] enter into partnership
	on behalf of the firm 6] to transfer/mortgage any immovable property
	7] all the above
819	Legal guardian is appointed in terms					3
	1] Indian majority act 2] Indian contract act 3] guardian and ward act
	3] Indian evidence act
820	A person can be a director maximum in how many companies at the					3
	same time as per company act 2013
	1] 10 2] 15 3] 20 4] no limit
821	Variation of Nomination for safe deposit locker in single name is to be					1
	given in
	1] SL3 2] SL3A 3] SC 3 4] DA3 .
822	No document other than a Will shall be accepted for registration					2
	unless presented for that purpose to the proper officer within --------
	months from the date of its execution
	1] 3 months 2] 4 months 3] 6 months 4] 30 days
823	Collateral in the form of third party guarantee can be insisted in case					2
	of Education loan if the loan amount is
	1] up to 4 lakhs 2] above 4 lakhs and upto 7.5 lakhs 3] 7.5 lakhs and
	above 4] 15 lakhs and above
824	All loans to units in the Khadi and Village Industries Sector will be
	eligible for classification under ------------ in priority sector-
	1] Farm credit 2] Agriculture Infrastructure 3] Micro Enterprise				4]
	Small enterprise
	5] Medium Enterprise		3
825	If original plant and machinery of an enterprise exceeds 5 crores but					1
	does not exceed 10 crores, it will be classified as
	1] medium manufacturing enterprise 2] medium service enterprise 3]
	small manufacturing enterprise 4] small service enterprise
826	If investment in equipment of an enterprise is more than 2 crores but					2
	less than 5 crores it will be classified as
	1] medium manufacturing enterprise 2] medium service enterprise 3]
	small manufacturing enterprise 4] small service enterprise
827	Which of the following will not be classified as priority sector					6
	1] medium manufacturing enterprise 2] medium service enterprise 3]
	small manufacturing enterprise 4] small service enterprise 5] 1 and 2
	6] none
828	Which is not a legal entity as per company act					4
	1] one man company 2] private limited company 3] public limited
	company 4] none of the above
829	The following are the cash transactions in an account for the month of					1
	April, 2009 under CTR what will be reported as integrally connected?
		Date	Debit	Credit
		02.04.2009	5,00,000	3,00,000
		04.04.2009	40,000	2,00,000
		08.04.2009	4,70,000	1,00,000
		Summation	10,10,000	6,00,000
	1] Debit entries of Rs. 5,00,000/- & 4,70,000/- dated 02.04.09 &
	08.04.2009 respectively & total sum			as Rs. 10,10,000/-	2] all

							67

	the debit entries	3] all the credit entries			4]	all the entries except
	Rs.40,000/-
830	Which of the following is used in NEFT						2
	1]MICR Code,2] IFSC Code, 3] Swift code: 4] none.
831	What is the basis for finance against Life Insurance Policy						3
	1] last year premium amount 2] last 3 years premium amount
	3] surrender value 4] maturity value
832	There is a FDR in the joint name of A and B payable to either or						3
	survivor. S has been appointed as nominee. A has died. On due date
	of FDR, B presents the FDR for payment whereas nominee and legal
	heirs of A also has submitted the claim for the amount. Who should
	bank pay?
	1] S 2] S AND LEAGL HEIRS OF A 3] B ONLY 4] S AND B ONLY
	5] B,S AND LEAGL HEIR OF A JOINTLY
833	In terms of Sec 138 of NI act, notice of returning of the cheque as						4
	unpaid was served on the drawer on 29.09.2009. therefore, the
	cause of action to file a complaint under Sec 138 of NI act arose on
	1] 30.09.2008	2] 29.09.2008		3] 14.10.2008
	4] 15.10.2009
834	A is the borrower and B is the Surety. The acknowledgement of						2
	liability is signed by B but not by A before the expiration of limitation
	period. Now this will result in
	1] Save limitation against A			2] Save limitation		on against B 3]
	Save limitation against both			4] Save limitation against none
835	Diamond dollar accounts can be maintained in						1
	1] Current a/c in USD		2] Time deposit in USD 3] current a/c in any
	foreign currency	4] current or time deposit in any foreign currency
836	As per the recent circular, the banks will be compensated by RBI to						2
	the extent of ------ of the notional value of the counterfeit notes of 100
	denomination and above, detected and reported to RBI and Police
	authorities
	1] 10% 2] 25% 3] 50% 4] 100%

837	Authorised Dealers may accept payment in Cash upto Rs.50,000/-						6
	[Rupees Fifty Thousand Only] against sale of foreign for travel abroad
	[for private visit or for any other purpose]				wherever the sale of foreign
	exchange exceeds the amount equivalent to Rs.50,000/- , the
	payment must be received only by a
	1] crossed cheque drawn on the applicant’s bank account 2]
	Crossed cheques drawn on the bank account of the firm/ company
	sponsoring the visit of the applicant
	3] Banker’s cheque /Pay order/ Demand Draft					4] debit cards/ Credit
	cards/ prepaid cards for travel abroad 5] all except 1 6] 1 to 4
838	In case of collection of an instrument which is genuine but the amount						1
	has been credited before realization and subsequently the instrument
	is found to be fake/ forged an returned by the paying bank the
	_________ bank will file FMR-1 with RBI
	1] collecting banker		2] paying banker		3] both 4] either of two
839	To ensure uniformity & to avoid duplication frauds involving forged						1
	instruments will be reported only by

							68

	1] Paying banker	2] Collecting banker			3] both	4] any one
840	Organizations/ associations in India can accept contributes from a						2
	“Foreign source” only if they are registered with the Ministry of Home
	Affairs or only after obtaining prior permission from the above
	Ministry. As per FCRA 1976 the “Foreign Source” for the purpose of
	the aforesaid Act defined in Section 2[e] of the Act will attract
	1] remittances from Indians abroad			2] remittances from non
	resident foreign citizens of Indian Origin through their NRE and FCNR
	accounts maintained in India		3] both 1 & 2			4] neither 1 nor 2
841	Payment of interest on savings bank accounts by scheduled						2
	commercial banks is calculated on a daily product basis with effect
	from 1] April 1, 2012 2] April 1, 2010			3] April 1, 2009 4] April 1,
	2011
842	An individual attains 60 years on 26-02-2016.He will be treated as						2
	senior citizen for income tax purpose
	1] FY 2014-15 2] FY 2015-16 3] for benefits accruing after 26-02-
	2015 4] on or after 01-02-2015
843	The additional pension payable to a family pensioner[central						3
	government pensioner’s spouse] attaining 100 years will be paid
	additional pension of----% and for Dearness relief					purpose it will be
	taken as ---%
	1] 100% and 50% 2] 100% and 0% 3] 100% and 100% 4] family
	pensioner not eligible for additional pension

844	Provisioning Coverage Ratio [PCR] is						2
	1 ] the ratio of provisioning to net non-performing assets
	2] the ratio of provisioning to gross non-performing assets
	3] the ratio of provisioning to total advances
	4] the ratio of provisioning to fund base and non fund based advances
845	Which is a contingent liability						5
	1] cash 2] deposits 3] furniture 4] loss 5] guarantee issued

846	The provisioning requirement for advances to the CRE[commercial						3
	real estate] sector classified as ‘standard assets’ is
	1]0.40 per cent	2] 0.25%	3] 1.00 % 4] 2%
847	As per RBI an account should be treated as inoperative / dormant if						3
	there are no transactions in the account for a period over two years. It
	is applicable to
	1] Savings accounts 2] current accounts				3] for both 4] for both but for
	inoperative it is 2 years and for dormant it is 6 months
848	In case of insurance of deposits by DICGC, premium is payable to						3
	DICGC at the rate of 10 paise per Rs 100 per annum. How much of it
	will be borne by bank and how much by depositor?
	1] 50% EACH 2] 100% BY CUSTOMER 3] 100% BY BANK 4] NO
	PREMIUM IS PAYABLE BY NATIONALISED BANKS
849	In case of CGTSME the lending institution can revoke the guarantee						4
	subject to fulfillment of other conditions
	1] after 3 years of account becoming NPA
	2] within a maximum period of two years from date of NPA ,if NPA is
	after lock in period

			69

	3] within two years of lock in period if NPA is within lock in period
	4] either 2 or 3

850	Wef 01/04/2010,TDS will be deducted if the account holder does not		4
	furnish PAN
	1] at the rate specified in the relevant provisions of IT act
	2] at the rate in force
	3] at the rate of 20%
	4] higher 1 to 3	5] lower of 1 to 3
851	Wef 01/04/2010 if a person entitled to to submit 15G or 15H		4
	form,must furnish the PAN in the declaration for. What is true if PAN
	is not given
	1] The form 15G will be invalid
	2] The form 15H will be invalid
	3] TDS at higher rate will be deducted
	4] all the above
852	The new section which is introduced, for compulsory furnishing PAN		2
	failing which Deduction of higher TDS is
	1] sec 206A 2] sec 206AA 3] sec 206AAA 4] Sec 269T

853	Mobile banking transaction limit per customer per day is		4
	1] 20000 2] 50000	3] 10000 4] no limit

854	As per RBI the following series of bank note of 500 denomination should		1
	not be reissued to public, though it is a legal tender and acceptable for
	all transactions
	1] MG series 2000 2] MG series 2002 3] MG series 2001 4] Mg Series
	2004
855	When the PAYEE of a Bill of Exchange signs the same for the purpose of		3
	transferring ownership to a third party on the back or face thereof, it is
	called
	1] GENERAL CROSSING 2] SPECIAL CROSSING
	3] ENDORSEMENT 4] ATTESTATION
856	As per sec 201[1a] of IT ACT if a bank does not deduct TDS wholly or		2
	partly or after deducting fails to pay the tax as required, it is liable to
	pay
	1] compound interest of 12% pa
	2] for not deducting int@1% monthly and not remitting@1.5%
	monthly
	3] simple interest of 6% pa
	4] compound interest of 18% pa
857	In Terms of SEC 276[B] of IT Act, if a person fails to pay to the credit		3
	of central government the TDS deducted, he shall be liable for
	punishment of
	1] Rigorous imprisonment of for a tem not less than 6 months but
	which may extend upto 10 years with fine
	2] Rigorous imprisonment of for a tem not less than 3 months but
	which may extend up to 10 years with fine
	3] Rigorous imprisonment of for a tem not less than 3 months but
	which may extend up to 7 years with fine
	4] Rigorous imprisonment of for a tem not less than 9 months but
	which may extend up to 9 years with fine

						70

858	In case of term deposit, if the interest is credited on the MONTH of					4
	MARCH, the tax amount [TDS]deducted at source can be deposited
	1] within 2 months from the end of the month in which credited
	2] within 1 week from the end of the month in which credited
	3] within 7 days from the end of the month in which credited
	4] On Or Before 30^Th April
859	The normal period for appeal against the orders of District Forum to					3
	STATE COMMISSION and orders of State Commission to National
	commission is --------- days from date of such order
	1] 60 days 2] 45 days 3] 30 days 4] no such period prescribed
860	No appeal by a person who is required to pay any amount in terms of					5
	an order of National commission[COPRA] SHALL BE
	ENTERTAINED BY SUPREME COURT unless the appellant has
	deposited in the prescribed manner---------
	1] 50% OF THE AMOUNT 2] Rs 25000 3] Rs 50000 4] lesser of 1 and
	2 5] lesser of 1 and 3
861	In case OF COPRA if the District forum or state Commission or					2
	National commission records in writing that the complaint is frivolous
	or vexatious then the complainant shall have a pay opposite party
	such cost, not exceeding Rs--------
	1] 25000 2] 10000				3] 50000 4] 35000
862	Which of The following community is not notified as minority					7
	communities by the Government of India, Ministry of Welfare:
	1] Sikhs 2] Muslims 3] Christians 4] Zoroastrians 5]Buddhists
	6] jains 7] none
863	As per RBI Banks are required to maintain a minimum Capital to Risk-					3
	weighted Assets Ratio [CRAR] of ------------------ percent on an
	ongoing basis.
	1] 8	2] 10	3]	9	4] 12

864	MSME units will continue to enjoy the priority sector lending status upto -					2
	---- years after they grow out of the MSME category concerned –
	1] Two 2] Three 3] Five 4] Ten
865	Which type of charge is created in case of Immovable property?					4
	1] PLEDGE 2] HYPOTHECATION 3] BAILMENT 4] MORTGAGE

866	Designated Partners Identification Number [DPIN].is associated with					4
	1] public limited company 2] private limited company 3] Registered
	partner ship firms 4] limited Liability partnership 5] registered trusts

867	Limited liability partnership to be registered with					3
	1] registrar of assurances 2] registrar of Firms 3] registrar of companies
	4] no required to be registered

868	What is true about LLP					5
	1] The LLP shall be a body corporate 2] A legal entity separate from its
	partners.
	3] Any two or more persons, associated for carrying on a lawful business
	with a view to profit, may by subscribing their names to an incorporation
	document and filing the same with the Registrar, form a Limited Liability
	Partnership. 4]			The LLP will have perpetual succession; 5] all the above
	6] 1 to 4 except 3

					71

869	What is true about LLP				5
	1] Every designated partner of LLP must obtain DPIN from central
	government
	2] LLP should have a registered office
	3]should have Either words Limited Liability Partnership or LLP as the
	last words of its name
	4] penalty for improper use of LLP will be fine not less than Rs 50000
	which can go maximum upto 5 lakhs
	5] all the above

870	Selling price per unit			Rs 20	2
	Direct material cost per unit			Rs 8
	Direct labour cost per unit			Rs 2
	Direct expenses per unit			Rs 2
	Variable over heads per unit			Rs 3
	Fixed over heads [total]			Rs 20000. If sales are 20%
	above the break even point, the net profit will be
	1] Rs 4800 2] Rs 4000 3] Rs 5000 4] none of the above
871	If actual sales is Rs 6000 and the break even sales is Rs 3600.The				3
	margin of safety ratio is
	1] 16.66% 2] 60%	3] 40%	4] 66.66%

872	What is the limitation period for Demand Promissory Note?				2
	1] 3 years from date of demand 2] 3 years from date of DP note 3] 12
	years from date of DP note 4] 30 years from date of DP note

873	In a deposit of Rs 10000 two fake notes of 500 was received by				5
	branch.Branch should
	1] give acknowledgement to tenderer 2] disfigure the note and returned
	to tenderer 3] note should be stamped forged and returned to tenderer
	4] FIR is to be lodged 5] give credit for full amount and a report to be
	sent along with the fake notes to police station at the month end
874	Recently RBI started a fund known as DEAF.The full form is				3
	1] depositors education and award fund
	2] depositors evaluation and awareness fund
	3] depositors education and awareness fund
	4] depositors education and assessment fund
875	Contribution for DEAF comes from				4
	1] inoperative balances in bank accounts
	2] dormant account balances from bank accounts
	3]unclaimed dividends of companies
	4] unclaimed deposits from banks
876	What is the punishment if ECS debit is returned for insufficiency of funds				3
	and complaint is lodged in Court by the beneficiary after following the
	formalities
	1] 2 years imprisonment 2] fine of two times the amount 3] either 1 or 2
	or both 4] none
877	ON which amount of term deposit bank can state that no premature				2
	closure will be allowed at the time of opening the account?
	1] 10 lakhs and above 2] one crore and above 3] ten crores and above
	4] in no term deposit bank can write
878	In the Mardia chemicals Ltd vs ICICI bank LTD case what did the				4
	Supreme Court declare as invalid?
	1] Entire SARFAESI Act, 2002 2] Creation of security interest 3]
	Formation of Reconstruction Companies			4] Condition to pay seventy five
	per cent of amounts as pre-condition while preferring appeal to the DRT.

879

Sec 45 Z of BR act deals with

1] nomination for deposits 2] nomination for safe custody

3] nomination for safe deposit locker 4] all the above 5] none of the

above

880

What is the maximum award banking ombudsman can award for

deficiency in service related to credit cards

10 lakhs

2] 2 lakhs

3] 1 lakh 4] no such limit

881

In which situation ,the relationship of agency is not terminated between

principal and agent

agent is declared insolvent

2] agent is arrested 3] agent is minor 4]

all the above

882

While appraising a term loan ,which ratio is given more importance

Debt service coverage ratio

2] debt Equity ratio 3] current ratio 4]

Acid test ratio

883

What is a white plastic card

expired debit/credit card

2] currency printed on plastic paper 3]

credit/debit card used for only foreign currency 4] counterfeit credit or

debit card

884

Calculate DSCR

Profit before tax Rs 150 tax Rs 40 depreciation Rs 30

Interest on term loan Rs 30

annual installment

of term loan is Rs 70

1.1

1.5

3] 1.7

4] 2.1

885

With what minimum amount a PPF account can be opened

Rs5 2] Rs100 3]Rs 500 4]Rs100000 5]Rs150000

886

Loans above Rs ----- crores

per borrower to corporates including

Farmer’s producer companies of individual farmers, partnership firms and

cooperatives of farmers directly engaged in agriculture and allied

activities will be classified as indirect agriculture

2] 2

3] 50 lakhs 4] no such limit

887

Debt equity ratio is used for assessing

1] solvency position 2] liquidy position

3] leverage of the unit

4] both 1 and 3

888

As per Basel 11,which attracts

maximum risk weight and minimum risk

weight

venture capital advance, advance guaranteed by central government

2] venture capital advance, education loans

commercial real estate sector , staff housing loan 4] venture capital

advance , state government guaranteed loans

889

Keeping goods in safe custody is as per provisions of

NI Act 2] Indian Partnership Act 3] Indian Contract Act 4] sale of

goods act

890

CAVEAT Emptor is stated in 1] Sale of Goods Act

2] NI Act 3]

Transfer of Property Act

Contract Act

891

A ,B,C are having a current account with operational instructions A/S.A

income tax attachment order comes for RS 12000 favouring A when

there is a credit balance of rs 12000 in the account. you will pay

Rs 12000 ] Rs 6000 3] Rs 4000 4] Rs 3000

892

Which of the following is a forward contract

same day 2]

next day

3] after 2 days 4] after 7 days

893

A minor can not do which of the following

draw a cheque 2]

cross a cheque

3] negotiate a cheque

endorse a cheque

5] can be a partner 6] all the above

											73

894	Maximum amount a resident individual permitted under FEMA for										5
	personal visit and business visit respectively are
	1]	USD 10000 per trip & USD 25000 per trip
	2]	USD 10000 per trip & USD 25000 in a FY
	3]	USD 10000 in a FY & USD 25000 in a FY
	4]	USD 10000 in a FY & USD 25000 per trip
	5]	USD 250000 for both
895	What type of Signature is essential under Truncation of a Cheque										4
	1]	Signature in black ink 2]				Electronic Signature
	3]	Digital Signature 4] Normal Signature as done in any other cheque.

896	Bank loans ------- per unit to MICRO and small Enterprises engaged in										6
	providing or rendering of services as defined in in terms of investment in
	equipment under MSMED act will be treated as advance to priority
	sector.[recently changed]
	1] no limit		2] 50 lakhs 3] 25 lakhs 4] 100 lakhs 5] Rs 200 lakhs
	6]	5crores
897	Which asset does not earn interest to the bank unless interest is serviced										4
	1]	Sub standard asset 2] doubtful asset						3]	loss asset
	4]	all the above

898	Due to old stock the Auditors have changed the current ratio from 1.5 : 1										4
	to 1.2 : 1. If current liability is 3,00,000. find the value of old stock.
	1]	Rs. 40000		2] Rs.50000		3] Rs. 60000			4]	Rs.90000

899	In Which currency FCNR [B] can not be accepted										6
	1]	Canadian Dollars			2] Australian Dollars				3]	Euro
	4]	Singapore Dollars			5] Hong Kong Dollars			6] none

900	For initiating action under SARFAESI Act [consortium]										1
	1]	60% of lender value should agree
	2]	70% of lender value should agree
	3]	75% of lender value should agree
	4]	50% of lender value should agree
901	In housing loan upto Rs. 30 lakhs risk weight is 50%. What will be the										3
	capital requirement for a loan of Rs. 100/- as per RBI norms
	1]	Rs. 5	2]	Rs. 6	3] Rs.4.50		4] Rs. 7

902	When a person tenders 5 or more counterfeit note, the bank should										3
	1]	destroy the note
	2]	should give an acknowledgement to tenderer signed by cashier &
	tenderer
	3] lodge an FIR 4]should give an acknowledgement to tenderer signed
	by cashier even if tenderer refuses to sign
	5]	2 & 3	6]	3 & 4
903	In RTI Act, which one is not correct										6
	1]	Only Indian Citizen can seek information
	2]	The fee is Rs.10/- and nil for person below poverty line
	3]	Information Sought can not be older than 20 years
	4]	Information to be given in 30 days and incase it affects the life &
	liberty of a person, it should be given in 48 hours
	5]	The reason for seeking the information to be clearly stated
	6]	3 and 5
904	Which crossing is a special crossing										5
	1]	Name of the bank appearing on the back of the cheque
	2]	Name of the bank appearing between two parallel lines on the face of
	the cheque
	3]	Name of the bank appearing between two parallel lines on the back of
	the cheque
	4]	Name of the bank on the face of the cheque with or without two
	parallel lines			5] 2 and 4

905

Which of the following is not a valid cheque for payment by bank

written in different ink & handwriting

cheque with prior date [ within 3 months]

cheque with impossible date

mutilated cheque

906

If the present value of a cash flow generated by an initial investment of

Rs.100,000 is Rs.120,000, what is the NPV of the project?

Rs,120,000

2] Rs. 20,000

Rs.100,000 4] none of the above

907

Commercial Paper, is an short term usance promissory note with fixed

maturity period, issued

by ----

Corporates & primary dealers

All India Financial Institutions

[1]

[2]

None of the above

908

From the following information, compute the operating cycle of LMP Ltd.

No. of days the raw material remains in stock is 60 days, supplier’s credit

available for 15 days, production time 15 days finished goods inventory

period 15 days, realization from customers takes 25 days. The operating

cycle therefore would be --

115 days

100 days

75 days

85 days

909

How many

maximum directors can be there in a company as per

company act 2013

2] 10

3] 15

4] 20

910

Actual

Sales minus Break Even Sales means-----

Profit on sales

2] Margin of safety sales

3] Loss on sales

Sales at which no profit or no loss is resulted

911

A low current assets ratio implies one of the following

greater liquidity & lower risk

poor liquidity & higher risk

greater liquidity & greater risk

4] poor liquidity & lower risk

912

Factoring means

another entity buys your debts

2] another entity buys your credits

another entity loans an amount to you 4]

none of the above

913

As on date which currency is having highest value

USD

2] GBP

EURO

4] AUD

914

As per RBI, what is the minimum and maximum CRAR under basel II

8% % 18%

2] 9% & no maximum

3] no minimum & 9 % 4]

no minimum & 8%

915

Interest on term loan in the formula of DSCR appears on

Numerator 2] denominator

3] both numerator & denominator 4]

none of the above

916

Which of the following can be a nominee in a deposit A/c

Firm

HUF

Company

NRI

5] none

917

Small Account means

Current Account 2] Term Deposit account

Recurring Deposit Account

4] Savings Account

918

In Small account, which is true

Aggregate of all credits in a financial year will not exceed Rs.1 lakh

Aggregate of all withdrawals in a month will not exceed Rs.10,000/-

At any point of time the balance will not exceed Rs.50,000/-

All the above

920

Which of the following can be a nominee in a deposit A/c

Firm

HUF

Company

NRI

5] none

			75

921	RBI has recently given the following instructions. No fresh/additional Post		3
	Dated Cheques (PDC)/Equated Monthly Installment (EMI) cheques
	(either in old format or new CTS-2010 format) shall be accepted in
	locations where the facility of ECS/RECS (Debit) is available. The existing
	PDCs/EMI cheques in such locations may be converted into ECS/RECS
	(Debit) by obtaining fresh ECS (Debit) mandates” These instructions are
	given as per –
	1] section 35A of BR Act 2] section 21 of BR Act 3] section 18 of the
	Payment and Settlement Systems Act 2007 4] section 25 of the Payment
	and Settlement Systems Act 2007
922	In a pension a/c, opened with spouse it can be operated		5
	1] Jointly only 2] E/S 3] F/S 4] no joint A/c is allowed 5]	2 & 3

923	In which bank note the identification mark is not available		5
	1] RS 20 2] RS 50 3] RS 100 4] RS 500 5] RS 10 6] RS 1000

924	Banks provide banking services to poor people at affordable cost.		3
	This is known as
	1] narrow banking 2] para banking 3] financial inclusion 4] universal
	banking
925	In an account is classified as high risk, the fresh KYC documents are be		4
	obtained after
	1] 10 years 2] 8 years 3] 3 years 4] 2 years

926	RBI gives directions on RTGS and NEFT under---------------		3
	1] RBI ACT 2] BANKING REGULATIONS ACT 3] PAYMENT AND
	SETTLEMENT ACT 4] INDIAN REMITTANCE ACT

927	In which o f the following cases multiple nomination is allowed		5
	1] deposit accounts operated jointly 2] deposit accounts where more
	than 2 account holders are there 3] deposit of HUF accounts 4] locker
	operated singly 5] locker operated jointly 6] no where it is allowed
928	What is true about KVIC guidelines on PMEGP		5
	1] sanctioning authorities need not wait for the completion of EDP for
	distribution
	2] if the bank feels that EDP is necessary before disbursal in some
	specific project it can be insisted upon
	3] final adjustment of subsidy TDR,after physical verification of the
	project should not be made till EDP is completed
	4] EDP training should invariably completed by the respective	agencies
	within 12 months of release of first instalment
	5] all the above
929	A central government pensioner has attained 80 years on 25-03-		2
	2009.He will be paid additional pension of -------% wef -----------
	1] 20 and 25-03-2009 2] 20% and 01-03-2009 3] 30% and 25-03-
	2009 4] 20% and wef 01-03-2009
930	The additional pension payable to a family pensioner[central		3
	government pensioner’s spouse] attaining 100 years will be paid
	additional pension of----% and for Dearness relief purpose it will be
	taken as ---%
	1] 100% and 50% 2] 100% and 0% 3] 100% and 100% 4] family
	pensioner not eligible for additional pension

		76

931	For Opening of branches by domestic scheduled commercial banks	2
	,Tier 1 and Tier 2 centres are
	1] centres with population of 25,000 and above as per 2001 Census
	2] centres with population of 50,000 and above as per 2001 Census
	3] centres with population of 75,000 and above as per 2001 Census
	4] centres with population of 1,00,000 and above as per 2001 Census
932	Housing Loans to individuals upto ------- lakh in metropolitan centres	3
	(with population of ten lakh and above) for purchase / construction of a
	dwelling unit per family provided the overall cost of the dwelling unit
	does not exceed --------- lakh will be classified under Priority Sector – 1]
	20&25 2]25&28 3]28&35 4]30&35
933	For opening branches Tier 3 to Tier 6 centeres are having population	4
	1] population upto 39,999 as per Census 2001
	2] population upto 29,999 as per Census 2001
	3] population upto 19,999 as per Census 2001
	4] population upto 49,999 as per Census 2001
934	Which are the conditions on deregulation of savings bank interest	4
	1] balance upto Rs 100000 will remain 4% 2] balance upto Rs 1 lakh
	should have uniform rate 3] balance above 1 lakh ,different interest
	may be provided 4] 2 and 3
935	Prime Minister’s Employment Generation Programme [PMEGP],age	2
	crieterion for eligibility is
	1] above 16 2] above 18 3] above 14 ] above 15
936	Under PMEGP]The maximum cost of the project/unit admissible	2
	under manufacturing sectors is Rs. ------
	1] 10 lakhs 2] 25 lakhs 3] 15 lakhs 4] 30 lakhs
937	Under PMEGP the maximum cost of the project/ unit admissible	1
	under business /service sector is
	1] 10 lakhs 2] 25 lakhs 3] 15 lakhs 4] 30 lakhs
938	For PMEGP,------- will be the single National level nodal	5
	implementation agency
	1] DIC 2] state government.3] SIDBI 4] NABARD 5] KVIC

939	The minimum pension payable as per 6^th pay commission is	3
	1] Rs1275 2] Rs 2550 3] Rs 3500 4] Rs 5000

940	PMEGP[Prime minister’s employment generation programme] was	3
	created
	1] in lieu of PMRY 2] in lieu of REGP[rural employment generation
	scheme] 3] merging both PMRY and REGP 4] as an additional
	scheme to the existing ones
941	The validity of DD/banker’s cheque/cheque is ----- months issued	1
	after 01/04/2012
	1] 3 months 2] 6 months 3] 3 years 4] no such limit
942	The maximum number of members in a SHG[ self help Group]	2
	1] 10 2]20 3] 15 4] no such stipulation

					77

943	Currency chest	transactions are to be reported to Link office			2
	1] next day 2] same day 3] after 3 days 4] no stipulation

944	The Link office [currency chest ] should report the consolidated				5
	position to the ISSUE office
	1] next working day 2] If ICCOMS had gone alive on the same day by
	11 pm 3] after 3 days 4] no stipulated time 5] 1 and 2
945	Relaxation of reporting currency chest transactions will be considered				4
	1] on account of General/specific strike situation
	2] holidays observed for half yearly/annual closing by banks
	3] bank holidays 4] 1 and 3
946	Matured term deposit but not paid is a				2
	1] Time liability 2] demand Liability 3} contingent liability 4] no liability

947	A NRI customer having re investment [NRE] wants to close it				3
	prematurely before 1 year. As per our bank’s policy the rate of
	interest payable will be
	1] NRE SB rate 2] RFC SB Rate 3] no interest is payable 4]
	reinvestment deposit can not be closed before 1 year
948	The maximum loan for acquiring KISAN VIKAS PATRS is restricted to				3
	1]Rs 10000 2]Rs 5000 in Rural Areas only 3] no loan can be
	sanctioned 4] Rs 25000 for Rural and Urban areas
949	Income received from Reverse Mortgage under IT act [Tick The correct				4
	ONE]
	1] will not be treated as income 2] will not be treated as transfer 3] The
	sum received will be exempted from income tax 4] all the above
950	Loans for repairs to damaged dwelling units of families up to ------ lakhs				2
	in other places	and ------- lakhs in metro will fall under priority sector.
	1] 5 and 2 2] 2 and 5 3] 1 and 5			4] 3 and 5

951	Banks are advised to ensure that demand drafts of ----------- and above				3
	are issued invariably with account payee crossing.
	1] 50000 2] 25000 3] 20000 4]		30000

952	Deposits with banks are eligible for deduction under 80C if				6
	1] maximum of Rs 1.5 lakh 2] kept for minimum 5 years 3] kept with a
	scheduled bank 4] as a cumulative deposit 5] all the above 6] 1 to 3

953	Rights and remedies to the payee [beneficiary] against dishonour of				2
	electronic funds transfer instructions for insufficiency of funds in the
	account of the payer [remitter],
	1] Are not same as available to the payee under section
	138 of the Negotiable Instruments Act, 1881.
	2] are same as available to the payee under section 138 of
	the Negotiable Instruments Act, 1881.
	3] It depends on the court as the dishonoured instrument
	is not a cheque
	4] no criminal case can be filed
954	The return memo accompanying Dishonour / Return of Cheques				3
	1] is to be signed if manually prepared 2] need not be signed if
	generated
	by computer 3] must be signed		4] 1 or 2
955	Housing Loans to individuals upto ------ lakh in other than metropolitan				1
	centres (with	population of	less	than ten lakh)for purchase /
	construction of a dwelling unit per family provided the overall cost of the

							78

	dwelling unit does not exceed ------ lakh will be classified under Priority
	Sector –
	1]20&25	2]25&28 3]28&35		4]30&35

956	Pensioners of Central government can open ------------						3
	1] in single name - Saving account 2] Joint names with self and spouse-
	savings account 3] savings account or current account in single name or
	jointly with spouse subject to certain conditions 4] jointly with any one –
	savings or current account
957	Which of the following cannot be included in the category of housing loan						5
	under Priority Sector –
	1] Loans to any Governmental Agency for construction of dwelling units
	or for slum clearance and rehabilitation of slum dwellers subject to a
	ceiling of Rs.10 lakh per dwelling unit
	2] The loans sanctioned by banks for housing projects exclusively for the
	purpose of construction of houses for economically weaker sections and
	low income groups, the total cost of which does not exceed Rs.10 lakh
	per dwelling unit
	3] Bank loans to Housing Finance Companies (HFCs) approved by NHB
	for their refinance, for on-lending for the purpose of purchase /
	construction / reconstruction of individual dwelling units for the slum
	clearance and rehabilitation of slum dwellers, subject to an aggregate
	loan limit of Rs.10 lakh per borrower				4] Outstanding deposits with NHB
	on account of priority sector shortfall				5] Housing Loans to banks own
	employees
958	Bonus to bank employees are payable only if monthly emoluments do						3
	not exceed Rs
	1] 3500 2] 2500 3] 10000 4] limit is removed

959	Dearness relief for pensioners [central] under go change --------- in a						2
	year
	1] once 2] twice 3 ] thrice 4] every month

960	General credit Card is meant for General Credit needs of constituents in						4
	1] Rural area 2] Semi urban area				3] Urban Area 4] 1&2 5] 1,2,3

961	The customer day in a public sector bank is on and customers are						4
	allowed to meet the top officials of the bank branch on this day in every
	month:
	1] 5th	2] 7th	3] 10th	4] 15^th		5] 25^th
962	You have sanctioned a loan of Rs 50000/- to a Pensioner by taking a						3
	security of worth of RS 4500/-.The account has become substandard.
	The debit balance in the account is Rs 48000/-.The amount of provision
	will be
	1] 4800/- 2] 9600/- 3] 12000/- 4]4500/-
963	For the purpose of identifying the economically weaker sections and low
	income groups (to classify housing loan under priority sector), the family
	income limit will be ---------- per annum irrespective of the location –
	1] 2 lakh 2] 3 lakh		3] 5 lakh 5] 2.5 lakh 1
964	In senior citizen savings scheme 2004,the minimum lock in period is 1] 1						1
	year 2] 2 years 3] 3 years 4] no lock in period

965	PPF accounts can be opened by						4
	1] all branches 2] Metro and urban branches 3]SBI only 4]only
	designated branches

966	Capital gain account 1988 can be opened as						5
	1] savings account- A account 2] time deposit account –B account 3]
	current account-c account 4] all the above 5] only 1 & 2

				79

967	In capital gain account 1988 the amount withdrawn must be utilised			1
	within,
	1] 60 days 2] 90 days 3] 70 days 4] 3 years

968	For closing account under capital gain account 1988 approval of ---------			3
	------ is to be obtained
	1] regional office 2] central office 3]assessing officer [ income tax] 4]
	RBI
969	The number of nominees permitted in capital gain account 1988 is			1
	1]3 2]2	3] 5 4] only one

970	The penalty for premature closure of Senior citizen savings scheme 2004			4
	is
	1] 1.5% of amount deposited if closed after 1yerar but before 2 years 2]
	1% amount deposited if closed after 2 years
	3] 1% penalty on interest paid 4] 1 & 2
971	Legal expenses on suit filed accounts is to be debited			1
	1] P/L a/c	2] Nominal ledger	3] Central Office 4] regional
	office

972	If a Term deposit is opened by A and B with instructions Either or			4
	survivor, and A expires before maturity and B claims it before maturity,
	it can be
	1] paid to B 2] it can be paid to jointly legal heirs of A and B
	3] it can be paid to B,if special instruction was obtained at the time of
	opening the account from both A and B 4] 2 or 3
973	If a Term deposit is opened by A and B with instructions former or			4
	survivor,and A expires before maturity and B claims it before maturity,it
	can be
	1] paid to B 2] it can be paid to jointly legal heirs of A and B
	3] it can be paid to B, if special instruction was obtained at
	the time of opening the account from both A and B 4] 2 or 3
974	If a Term deposit is opened by A and B with instructions Either or			1
	survivor, B claims it after maturity,it can be
	1] paid to B 2] it can be paid to B only with the consent of A
	3] it can be paid to B,if special instruction was obtained at
	the time of opening the account from both A and B 4] 2 or 3
975	If a Term deposit is opened by A and B with instructions former or			2
	survivor, B claims it after maturity,it can be
	1] paid to B 2] it can be paid to B if A is not alive
	3] it can be paid to B,if special instruction was obtained at
	the time of opening the account from both A and B 4] 2 or 3
976	What is the present cap rate on NRE TERM DEPOSIT			4
	1] libor 2] libor+275 points 3] libor +175 points 4] No cap rate

977	As per the ANNUAL policy 07-08,no dues certificate is to be dispensed			2
	with for small farmers upto
	1] Rs 25000 2] Rs 50000 3] RS 100000 4] any amount

978	A joint SAVINGS account in the name of minor with natural guardian can			5
	be opened if the minor is
	1] minor is above 10 years old 2] above 12 years 3] literate 4] if he goes
	to school or college 5] without any such restriction
979	Insurance cover available under KCC in the event of permanent			1
	disability/ death is
	1] 50000	2] 25000 3] 1 lakh 4] nil

980	PPF account can be opened by			1
	1] resident 2] non resident 3] HUF 4] all three

				80

981	Min & Max amount that can be deposited in a PPF account in a financial			3
	year is
	1]	500 & 70000 2] 500 & 100000 3] 500 & 150000 4] 100 & 70000

982	In case of RTI what is correct about providing information in respect of			4
	allegation of violation of human rights
	1] will not be given
	2] will be given after the approval of the Central/State Information
	Commission
	3] within 45 days from the date of receipt of the request
	4]	2 & 3
983	A person is having a PPF account with you and the balance in the account			3
	is Rs 12,50,000/-. A is having a current account in which balance is Rs
	25000/-. A cheque is issued for Rs 30000/ by A from his current account.
	You are passing the cheque looking at the balance in PPF account.
	1] you are correct since you have a general lien on PPF balance 2] If the
	party does not pay you can debit PPF account and adjust the balance 3]
	you can not have a lien on PPF account and you have passed the cheque
	at your usual risks of business 4] You have a lien if the party has given a
	request in writing
984	A resident wants to open a joint savings account with his close relative			3
	who is a non resident. The bank can open
	1]	NRO account 2] ordinary saving account 3] ordinary savings account
	with operational instruction either		or survivor 4] no account can be
	opened
985	A and B are individuals having a time deposit receipt for RS 100000/ at			3
	the rate of 8% -.A is a partner in a firm M/S Aaradhana & co having a
	good current account with your branch. The firm approaches the branch
	to allow OD against this receipt. In this case
	1]	you can allow OD limit of RS 75000 and interest will be 10% on OD
	account
	2]	you can allow OD limit of RS 90000 and interest will be 10% on OD
	account
	3]	you can allow OD limit of RS 90000 and interest will be 9% on OD
	account
	4]	you can allow OD limit of RS 90000 and interest will be 10% or
	BPLR+0.5% on OD account
986	Garnishee order is issued under			4
	1]	criminal procedure code 2] contract act 3] Ni act 4] civil procedure
	code

987	Exposure limit for a single borrower and to a borrowing group[other than			3
	infrastructure] is -----% AND -----%
	1]	15 AND 50 2] 12 AND 50 3] 15 AND 40 4] 25 AND 40

988	CONTRIBUTION MEANS			4
	1]	SALES+ VARIABLE COST 2] SALES/VARIABLE COST
	3]	VARIABLE COST – SALES 4] SALES- VARIABLE COST

989	A contract one person promises to save another person from loss caused			1
	by an act of third party or himself
	1] contract of indemnity 2] contract of guarantee 3] both 4] none

990	What is the objective of raising Reverse repo rates			2
	1]	to inject liquidity in the market	2] to absorb excess liquidity in the
	market 3] to enable banks to earn more income on their funds deployed
	in inter bank market 4] to enable banks to earn more income on their
	funds deployed in open market
991	In Foreign exchange the day light position refers to			2
	1]	Open position of the VOSTRO account
	2] Open position during the day when sale and purchase transactions can

				81

	be executed
	3]	Closed position at the end of the day due to sale and purchase of
	foreign exchange to be carried till the next day
	4]	Open position of the NOSTRO account
992	Fire walls refers to			1
	1]	a soft ware which limits axes to and from network. It is designed to
	protect to intranet from the outside intrusion
	2] It is an animation technique in which one image gradually turned into
	another
	3]	it is soft ware for converting data that is transmitted in one format
	into another format
	4]	It is a soft ware to prevent communication link between two other
	wise distinct unit
993	For banking transactions an Administrator is one who			4
	1]	Is appointed by legal heirs if the deceased has died intestate
	2]	Is appoint after insolvency
	3]	Is appointed by the will of the deceased
	4]	Is appointed by court if the deceased has died intestate
994	Your locker holder is sick and therefore he gives an authority in favour of			3
	his minor daughter		to operate the locker
	1] operation of the locker will not be allowed
	2] operation of the lock can be done by the locker holder only
	3] allow the operation as the minor can become agent
	4] allow in the presence of the bank officer and a witness
995	RBI has permitted that a power of attorney holder in NRE and FCNR			4
	account are permitted to remit funds abroad. For which of the following
	purpose remittance has been allowed:-
	1]	For remittance by way of donations
	2] for remittance by way of gifts
	3] for opening and maintenance of deposit account aboard
	4] for remittance of funds to account holder
996	In foreign exchange the overnight position refers to			2
	1]	Open position during any period of the day due to sale and purchase
	of foreign exchange
	2]	closed position at the end of the day which is left after squaring of to
	avoid exchange fluctuation risk
	3]	squared position at the end of the day to avoid exchange fluctuation
	risk
	4] details of the derivative and hedging instruments
997	Hari and Mohan are maintaining a joint savings bank account with			3
	instructions E/S. Bank is receiving garnishee order in Hari’s name. The
	balance in the account is Rs.10,000/-
	1]	Order will be applicable to the whole of the amount
	2] order will be applicable to the share of Mr. Hari
	3] order will not be applicable as it is joint account
	4] none of the above
998	A customer has purchased a demand draft for US$ 5000. After few days			3
	he requested you to cancel the draft. Which rate will you apply for
	cancellation?
	1]	Bill buying rate	2] Bill selling rate
	3]	TT buying rate	4] TT selling rate
999	Mr. Kashiram an illiterate in your branch is marinating a savings account			2
	requests you to permit him to aurhorise his friend Mr. Bharatram to
	operate his account:-
	1]	An illiterate being incompetent to contract can not appoint an agent
	2]	The request of the illiterate customer may be acceded on his
	executing a power of attorney

					82

	3] the request of the customer may be acceded only for cash transaction
	4] since an illiterate can not give a power of attorney his request can not
	be complied with

1000	The Charge on the book debts can be created by way of				3
	1] pledge 2] negative lien 3] assignment 4] hypothecation

1001	Which of the following is not correct				5
	1]	PPF account can be opened by the individuals on their own behalf
	2]	PPF account can be opened on behalf of each minor child with father
	or mother as natural guardian
	3]	PPF account can be opened on behalf of HUF
	4]	PPF account can be opened BY NRI
	5]	3 & 4
1002	M/s Shriram Trust is having their safe custody account. Mr. Balaram who				4
	is a trustee wants to nominate his wife in the safe custody account as
	nominee. You will
	1] accept the nomination as it is permitted
	2]	accept the nomination if the trust deed does not contain any thing
	contrary to it
	3] accept only if he is the sole trustee
	4] not accept the nomination as it is not permitted in the safe custody for
	a trust account
1003	A loan account is due and in spite of repeated reminders the principal				4
	borrower refused to pay. The guarantor was also served the notice and
	to avoid litigation he adjusted the loan in full and final. The right of the
	guarantor to step in the shoes of the creditor upon full payment of debt
	is called the right of :-
	1]	Forfeiting 2] redemption		3] Foreclosure 4] subrogation
1004	In	loan cases where repayment of major or large part of loan is			2
	stipulated in a single payment following the payment of smaller
	installment is referred as :
	1] equated payment schedule
	2] balloon payment schedule
	3] bullet payment schedule
	4] none of the above
1005	For adjusting the overdraft in a proprietary account the bank can adjust				1
	the amount from the savings bank of the proprietor as per :
	1] set off 2] garnishee order			3] appropriation 4] lien

1006	A	financing under which the financial institution/bank financing			3
	infrastructure will have an arrangement with any financial institution for
	transferring to the latter the outstanding in respect of such financing in
	their books on a predetermined basis is known as:
	1]	Consortium financing	2] Syndication financing
	3]	Take out financing	4] Bullet financing
1007	Value date for a foreign exchange transaction refers to				4
	1]	Value of discount on which cash flows are to take place
	2] value of premium at which cash flows are to take place
	3] the next day of credit to the NOSTRO account
	4]	It is the date on which NOSTRO account is credited
1008	Borrowing in which there is no amortization or where the repayment of				2
	the principal occurs only at the maturity is called :
	1]	Equated payment schedule		2] Bullet payment schedule
	3]	Balloon payment schedule		4] None of the above
1009	One of the trustees of a trust marinating account with your bank is				2
	adjudged as insolvent. A cheque signed by him was presented through
	clearing after the receipt of notice of insolvency. You will

	1] return the cheque with the reason “trustee declared insolvent”
	2] you will pay the cheque if other wise in order
	3]	cheque will be returned with reason “confirmation from the official
	assignee is awaited”
	4] cheque will be paid if other solvent trustees give their consent
1010	Not negotiable in a crossing is a caution to							5
	1]	Drawer		2] Drawee		3] Payee 4] Endorser 5] Endorsee

1011	Mr. Ramsingh is an exporter having a satisfactory current account and							3
	seeks your guidance about an export order which he is negotiating. He
	wants to know which type of LC he should insist in order to get pre
	shipment advance
	1]	Green clause LC			2] Back to Bank LC
	3]	Red Clause LC			4] Transferable LC

1012	Master Bipin aged 15 years has got a time deposit of						Rs.	3
	10000/- with your branch which will mature after 3 years. He comes
	today and requests you to either allow loan against the deposit or
	premature payment of the deposit. Which of the following will be correct
	:
	1]	Loan can be allowed if it is needed for meeting necessities of life
	2] premature closure will be allowed on his becoming major
	3] loan will not allowed but premature cancellation can be permitted
	4] all the above
1013	PNB has opened a current account with Bank of America in New Your in							2
	US$ for carrying out its day to day operations. For PNB this account is
	known as :
	1]	VOSTRO account 2] NOSTRO account
	3]	LORO account			4] Mirror account
1014	Failure[ATM TRANSACTION] to recredit the customer’s account within 7							3
	working days of receipt of the complaint shall entail payment of
	compensation to the customer @ Rs. 100/- per day by the issuing bank
	provided the party lodges the complaint within ---- days from debit to
	the account to get the compensation.
	1]	10	2] 1 week		3] 30 4 ] no such stipulation
1015	Nomination in savings account is							3
	1] compulsory in single account and optional in joint account
	2] compulsory in both single and joint accounts
	3] optional in both the accounts
	4] optional in single account and compulsory in joint accounts
1016	Central Registry has been set up at NEW DELHI wef 31/03/2011 under							3
	the provisions of ----------------
	1]	supreme court			ruling 2] DRT act 3] SARFAESI act 4] transfer		of
	property act
1017	Central Registry has been set up at NEW DELHI wef 31/03/2011 under							4
	the provisions of SARFASI ACT. All banks/financial institutions will have
	register equitable mortgagee within -------- of creation
	1]	10 days		2] 20 days		3] 3 months 4] 30 days
1018	The eligibility under priority sector loans to HFCs is restricted to ---------							3
	percent of the individual banks total priority sector lending, on an
	ongoing basis.
	1]	Two	2] Three 3] Five 4] Ten
1019	------------- facilitates realization of outstation cheques drawn on CBS-							3
	enabled branches at the local centre itself.
	1]	Truncated clearing 2] national clearing 3] speed clearing 4] MICR
	clearing

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1020	What is the cap rate of RBI on		FCNR(B) for 3 years to 5 years	2
	1]	LIBOR/Swap plus 200 basis points 2] LIBOR/Swap plus 300 basis
	points 3] LIBOR/ SWAP plus 400 basis 4] cap rate stands removed

1021	Wef---------,interest on savings account is calculated on daily basis			1
	1]	01/04/2010 2] 01/04/2011	3] 01/12/2011 4] 01/07/2011

1022	The -------- system will replace the BPLR system with effect from --------			2
	----
	1]	base rate -01/04/2010	2] base rate --01/07/2010 3] fixed rate
	01/07/2010 3] floating rate --01/07/2010
1023	Which of the following categories of loans could be priced without			6
	reference to the Base Rate:
	1]	DRI advances 2]loans to banks’ own employees 3] loans to banks’
	depositors against their own deposits.4] export credit 5] agricultural
	loans 6] all the above
1024	Which is false statement			5
	1]	RTGS minimum Rs 2 lakhs.
	2]	NEFT no minimum and no maximum
	3]	NEFT is available for walking customers upto Rs50000
	4]	IFSC is used in both RTGS and NEFT
	5] Unless account number and name tallies credit will not be accorded by
	beneficiary bank in RTGS/NEFT
1025	Which is not true about LLP [limited liability partnership]			6
	1]	A minimum of two partners will be required for formation of an LLP
	2]	There will not be any limit to the maximum number of partners.
	3]	LLP shall be registered with the Registrar of Companies [ROC]
	4]	LLP shall be a body corporate and a legal entity separate from its
	partners.
	5]	It will have perpetual succession.
	6] Memorandum of association and article of association to be submitted
	to ROC for registration .
1026	RRBs are jointly owned by Government Of India, the concerned State			1
	Government and Sponsor Banks. The issued capital of a RRB is shared by
	the owners in the proportion of
	1]50%, 15% and 35% respectively 2] 35%, 15% and 50% respectively
	3]	15%, 50% and 35% respectively 4] 50%, 35% and 15% respectively
1027	FETERS is related to			2
	1] anti money laundering 2] reporting of forex 3] related to Agriculture
	4] reporting of currency chest transaction

1028	What is the cap rate of RBI on		FCNR(B) for 1 years to less than 2 years	1
	1]	LIBOR/Swap plus 200 basis points 2] LIBOR/Swap plus 300 basis
	points 3] LIBOR/ SWAP plus 400 basis 4] cap rate stands removed

1029	49A and 49AA are			2
	1]	PAN application for residents and non residents
	2]	PAN application for Indian citizens and foreign citizens
	2]	PAN application for men and women
	4]	PAN and TAN application
1030	Nomination in deposit accounts is			5
	1] compulsory in single account 2] compulsory in joint account
	3] compulsory in single account but optional in joint account
	4] optional in single account but compulsory in joint account
	5] optional in all accounts
1031	A and B, two individuals opened a current account with operational			4
	instruction JOINTLY. The branch has accepted C as nominee in the
	account. After that Mr A has expired. Now
	1] balance can be paid to B 2] balance can be paid to B and c jointly 3]

					85

	balance can be paid to B,C and legal heirs of A jointly 4] balance can be
	paid to legal heirs of A and B jointly 5] bank has done a mistake of
	nomination in current account

1032	If instead of current account ,it is a Locker who will get the contents				2
	1] b only 2] Band C 3] B, C, and legal heirs of A
	4] legal heirs of A and B

1033	Any person having a definite cultural, economic, educational, religious or				3
	social programme shall accept foreign contribution unless such person
	obtains a certificate of registration from ----------------------
	1] ministry of external affairs 2] ministry of corporate affairs
	3] ministry of home affairs 4] RBI
1034	Certificate of registration granted to a person under the (FCRA )Act shall				2
	be valid for a period of ---------- from the date of its issue.
	1] 3 years 2] 5 years 3] 2 years 4] 4 years

1035	Any person receiving foreign contribution in excess of one lakh rupees or				2
	equivalent thereto in a financial year from any of his relatives shall
	inform the Central Government in Form FC-1 within ---------- from the
	date of receipt of such contribution
	1] 45 DAYS		2] 30 DAYS 3] 60 DAYS 4] 90 DAYS
1036	Who can not be a Business correspondent in the following				7
	1] individual 2] NGOs/ MFIs 3] Cooperative Societies 4] Post Offices 5]
	Companies registered under the Indian Companies Act, 1956 with large
	and widespread retail outlets,6] Non Banking Financial Companies
	[NBFCs] 7] none
1037	The distance between the place of business of a retail outlet/subagent of				2
	BC and the base branch should ordinarily not exceed ------- kms in rural,
	semi urban and urban areas and ---- kms in metropolitan centers
	1] 5 and 30		2] 30 and 5 3] both 5 4] both 30 4] no such criterion
1038	Door step banking can be offered to				5
	1] individuals 2] Corporate 3] PSUs 4]Government Department 5]All

1039	----------------is extension of banking facilities through a well protected				4
	van with arrangements for two or three officials of the bank sitting in it
	with books, safe containing cash etc.
	1] satellite branch 2] Local Area branch 3] Doorstep branch
	4] mobile branch
1040	Recently RBI had directed banks to note the validity of cheque issued on				3
	or after 01/04/2012 is for 3 months .Under what sec RBI has given this
	direction
	1] sec 21 of BR act 2] sec 18 of payment and settlement act
	3] sec 35A of BR act 4] Sec 24 of Payment and settlement act
1041	The liability of drawer of BOE or cheque to compensate the holder is				1
	stated in which sec of NI ACT
	1] 30	2] 31	3] 45	4] 25

1042	The drawee of cheque dishonours the cheque when there is sufficient				4
	balance and duly required to pay, he will be liable to compensate for any
	loss or damage to			--------- under sec ----- of NIact
	1] payee and sec 31 2] drawer and sec 30 3] drawer and sec 80
	4] drawer and sec 31
1043	Mr A has opened a savings account in his single name and he refuses to				2
	nominate any one. When the banker requests him to write that he does
	not require nomination, he refuses. In this case the bank
	1] can refuse to open the account as nomination is compulsory in single
	account as per supreme court
	2] Open the account but put a remark that the account holder does not
	require nomination and unwilling to state that.

						86

	3] fill his wife’s name as				nominee since it is safe for him
	4] advise him that he can open joint account only in this case

1044	Where one person signs and delivers to another an incomplete negotiable					4
	instrument and gives prima Facie authority to the holder to complete it
	for the amount specified therein , is
	1] partial Indorsement 2] allonge 3] Ambiguous instrument
	4] Inchoate instrument
1045	Which of the following is Reserve ratio					4
	1] bank rate 2] Repo rate 3] reverse repo 4] SLR 5] all the above

1046	What is the		maximum extend guarantee available for MICRO Enterprises			2
	upto 5 lakhs under CGTSME
	1] 90%	2] 85%		3] 75%	4] 100%

1047	What is the maximum amount guarantee available for women					5
	enterprises/units located in NE states/Sikkim if loan is sanctioned for Rs
	100 lakhs
	1] loan can not be sanctioned for 100 lakhs 2] 62.5 lakhs
	3] 65 lakhs		4] 90 lakhs 5] 50 lakhs
1048	CRR return is submitted to RBI in					2
	1] FORM 1		2] FORM A 3] FORM V111 4] FORM B

1049	SLR return is submitted to RBI in					3
	1] FORM 1		2] FORM A 3] FORM V111 4] FORM B

1050	Dishonor of ECS debit for the reasons a] insufficient balance b] exceeds					3
	arrangements will attract punishment of 2 years of imprisonment or fine
	of two times or both, in terms of---------
	1] sec 25 of criminal procedure code 2] sec 138 of NI ACT
	3] sec 25 Payment and settlement systems act 4] sec 25 of contract act
1051	In CBS environment branch X has paid the cheque of Y branch.					1

	The cheque found to be fake after the payment is made. Which
	branch should report the fraud to head office
	1] x branch		2] y branch		3] both the branches 4] x or y branch
1052	The process by which the proceeds of crime is projected as untainted					4

	Is known as
	1] anti money laundering 2] black money 3] cross border wire
	Transfer 4] money laundering

1053	Banks loan upto a limit of Rs.5 crore per borrower for building social					4
	infrastructure for activities namely schools, health care facilities, drinking
	water facilities and sanitation facilities in Tier II to tier VI centres will be
	classified under Priority sector as –
	1] Others		2] Medium Service Enterprises 3] Infrastructure 4] Social
	Infrastructure
1054	In terms of MSMED ACT , In case the buyer fails to make payment of					4

	the amount to the supplier[MSME], he shall be liable to pay
	compound interest with monthly rests to the supplier on the
	amount from the appointed day or, on the date agreed on, at -----------
	of the Bank Rate notified by Reserve Bank.

				87

	1] 2 times	2] 1.5 times 3] 4 times	4] 3 times

1055	A1 form [for import]need not be submitted upto			5
	1] USD 500 2] USD 5000 3] USD 25000 4] USD 50 5] STANDS
	ABOLISHED

1056	If you provide what service, the Bank will be known as Self Certified			4
	syndicate Bank?
	1-Selling Of LIC policy 2] selling of mutual funds 3] issuance of
	Certificate	of deposits by bank 4] giving ASBA facility to account
	holders

1057	In terms of -------- of Official Languages Act, 1963, the following			2
	documents should invariably be issued in Hindi and English
	simultaneously:
	a] Resolutions, General Orders, Rules, Notifications, Administrative and
	other reports and Press Communiqués;
	b] Administrative and other reports and Official papers laid before a
	House or the Houses of Parliament;
	c] Contracts and agreements executed, and licenses, permits, notices
	and forms of tender issued by the banks.
	1] SECTION2[3] 2] Section 3[3] 3] Section 3[2] 4] Section 3[1]
1058	As per RBI, Indian banks functioning in foreign countries			4
	1] Should use Hindi and the local language, along with English, [if it is
	other than English] in the stationery items [e.g. letter heads, file covers,
	envelopes, seals, stamps, nameplates, signboards, etc.]
	2] May write the word “Swagatam” in Hindi on the main gate of such
	foreign branches.
	3] Need not use Hindi and the local language, along with English, [if it is
	other than English] in the stationery items [e.g. letter heads, file covers,
	envelopes, seals, stamps, nameplates, signboards, etc.]
	4] 1 and 2 5] 2 and 3
1059	----------- is a mechanism used by Reserve Bank of India [RBI] under its			4
	credit policy by which provides to central/ States banking with it ,to help
	them to tide over temporary mismatches in the cash flow of their
	receipts and payments.
	1] ways advances 2] means advances 3] bridge advances
	4] ways and means advances
1060	Ways and Means advances is guided under Section ------ of RBI Act,			2
	1934, and are repayable in each case -------------from the date of
	making that advance'
	1] 17[5]	not later than six months	2] 17[5], not later than three
	months 3] 15[5], not later than three months 4] 16[5] , not later than
	three months
1061	In order to determine the rupee equivalent liability under FCNR [B]			3
	Scheme for the purpose of Cash Reserve Ratio [CRR], ---------------r all
	the four major currencies [viz US dollar, GBP, Japanese Yen, and
	DM/Euro] on relevant reporting Friday TO BE CONSIDERED.
	1] the FEDAI indicative rate for all the four major currencies [viz US
	dollar, GBP, Japanese Yen, and DM/Euro] on relevant reporting Friday
	2] each bank should determine their rates
	3] the RBI Reference rate announced on the Reserve Bank’s web site at
	around 12:30 pm for the purpose of converting foreign assets/deposits
	for reporting in Form A Return 4] none of the above
1062	Bank loans to any governmental agency for construction of dwelling units			5
	or for slum clearance and rehabilitation of slum dwellers subject to a
	ceiling of ----------- lakh per dwelling unit will fall under priority sector

											88

	1]	2	2] 3	3] 5			4] 6		5] 10
1063	The loans sanctioned by banks for housing projects exclusively for the										5
	purpose of construction of houses only to economically weaker sections
	and low income groups, the total cost of which do not exceed -----lakh
	per dwelling unit.
	1]	2	2] 3	3] 5			4] 6		5] 10
1064	Loans upto ----- crores to borrowers for purposes like solar based power										3
	generators, biomass based power generators, wind mills, micro-hydel
	plants and for non-conventional energy based public utilities can be
	classified under RENEWABLE ENERGY in Priority Sector –
	1]	10	2] 12		3] 15			4] 20
1065	Loans upto a limit of --------------lacs to individual households for										1
	purposes like solar based power generators, biomass based power
	generators, wind mills, micro-hydel plants and for non-conventional
	energy based public utilities can be classified under RENEWABLE ENERGY
	in Priority Sector –
	1]	10	2] 12		3] 15			4] 20
1066	Which of the loans will fall under the category of OTHERS in Priority										5
	Sector –
	1]	Loans not exceeding Rs. 50,000/- per borrower provided directly by
	banks to individuals and their SHG / JLG subject to income criteria
	2]	Overdrafts extended by banks upto Rs.5,000 under Pradhan Mantri
	Jan Dhan Yojana
	3]	Loans sanctioned to State Sponsored Organizations for Scheduled
	Castes / Scheduled Tribes for the specific purpose of purchase and
	supply of inputs and / or the marketing of the outputs of the
	beneficiaries of these organisations
	5]	All of the above
1067	Which of the following will be classified as Weaker Sections –										13
	1]	Small and Marginal Farmers 2] Artisans, Village & Cottage Industries
	where individual credits do not exceed Rs.1 lakh 3] Beneficiaries under
	Govt. Sponsored Schemes such as National Rural Livelihood Mission
	(NRLM) , National Urban Livelihood Mission (NULM) & Self Employment
	Scheme for Rehabilitation of Manual Scavengers 4] Scheduled Castes
	and Scheduled Tribes								5] Beneficiaries of Differential Rate of Interest
	(DRI) Scheme
	6]	Self Help Groups						7] Distressed farmers indebted to non-institutional
	lenders
	8]	Distressed persons other than farmers, with loan amount not
	exceeding 1 lakh per borrower to prepay their debt to non-institutional
	lenders 9] Individual women beneficiaries upto Rs.1 lakh per borrower
	10] Person with disabilities 11] Overdrafts upto 5000/- under Pradhan
	Mantri Jan Dhan Yojana (PMJDY)									12] Minority communities 13] All the
	above
1068	AN ASSET WILL BE CLASSIFIED AS DOUBTFUL IF IT IS										1
	1]	12 MONTHS NPA 2] 90 DAYS NPA 3] 180 DAYS NPA 4] 270 DAYS NPA
1069	The family income limit for economically weaker section and low income										4
	groups (irrespective of location) for classification under Priority Sector is
	------- lakhs p.a. –
	1]	0.6	2] 1.0			3] 1.6			4] 2.0
1070	What is the composite all in guarantee fee for Women,micro enterprises										2
	and units in North east regions[inc sikkim] upto 5 lakhs
	1]	0.85%		2] 0.75%					3] 1.00%	4] 2%

1071	What is the composite all in guarantee fee for Women, micro enterprises										1
	and units in North east regions[inc sikkim] above 5 lakhs
	1]	0.85%		2] 0.75%					3] 1.00%	4] 2%

							89

1072	What is the composite all in guarantee fee for other than Women, micro						3
	enterprises and units in North east regions[inc sikkim] above 5 lakhs
	1] 0.85%		2] 0.75%		3] 1.00%	4] 2%
1073	Which of the following is added recently to SARFAESI ACT						3
	1] nationalized banks 2] state bank of India 3] multi state cooperative
	banks 4] regional rural banks
1074	In which case the term deposit can not be closed before maturity						4
	1] resident term deposit above 1 crore 2] non resident term deposit
	above 1 crore 3] FCNR-B deposit 4] NRE term deposit and FCNR B when
	loan has been availed against the deposit
1075	Which will be termed as Third party Guarantee under CGTSME among the						7
	guarantees given by
	1] sole proprietor for sole proprietary concern 2] partners in case of
	partnership firms/LLPS 3] trustees in case of Trusts 4] Karta and
	coparceners in case of Huf 5] promoter/directors in case of
	private/public limited companies 6] all 7] none
1076	Under CGTSME,the Guarantee can be revoked within maximum period of						3
	------- from the date of NPA
	1] 1 year		2] 18 months 3] 2 years 4] no such period
1077	Which of the following will be considered for the term”all inclusive						4
	interest” in the case of priority sector
	1] effective annual interest 2] processing charges 3] service charges
	4] all the above
1078	The household family income limit for individual borrower should not						3
	exceed ------- in rural and -------- non-rural for classification under
	OTHERS in Priority sector –
	1] Rs.60000 and Rs.100000 2] Rs.100000 and Rs.150000 3] Rs.
	100000 and Rs.160000 4] Rs.100000 and Rs.200000
1079	To consider Bank credit to MFI under priority sector advance, the						5
	aggregate amount of loan, extended for income generating activity, is
	not less than------% of the total loans given to by MFIs
	1] 85	2] 51		3] 75	4] 85 5] 50%
1080	Which is / are the guidelines of RBI on margin cap on loans (by MFI) to						4
	include credit given to MFI in priority sector –
	1] 10% for all			2] not to exceed 10% of MFIs having loan portfolio
	exceeding Rs.100 crore 3] 12% for others 4] 2 and 3
1081	For the purpose of priority sector loan a Marginal farmer is one who is						3
	having landholding of
	1] upto 2 hectares 2] 0.5 hectare 3] 1 hectare 4] 3 hectares
1082	For the purpose of priority sector loan a small farmer is one who is						2
	having landholding of
	1] upto 2 hectares 2] more than 1 hectare but less than 2 hectares 3] 1
	hectare 4] 3 hectares
1083	Which of the following will be included under small and marginal farmers						4
	for priority sector [subject to share of land holding is within the limits]
	1] landless agricultural labourers 2] tenant farmers 3]oral lessees and
	share croppers 4] all the above
1084	An incomplete instrument, duly signed, giving prima-facie authority to						3
	holder to fill it is called as
	1] open endorsement 2] facultative endorsement
	3] Inchoate instrument 4] full endorsement.
1085	In cheque truncation system, the					physical cheque will remain with	5
	1] service branch of collecting banker 2] service branch of paying banker
	3] collecting banker 4] clearing house 5] 1 or 3
1086	The credit facility backed by guarantee of the central government is						5
	overdue for more than 90 days, it will be treated as
	1] NPA 2] NPA when the government repudiates its guarantee

								90

		3] NPA for the purpose of recognition of income 4] 1 and 3
		5] 2 and 3
1087		The institution/the bank financing infrastructure finance projects will						3
		have an arrangement with any financial institution for transferring to the
		later the outstanding in respect of such financing in their books on a
		predetermined period. This is known as
		1] factoring	2] Forfeiting 3] takeout finance 4] takeover finance
1088		In respect of new restructured standard accounts [flow] with effect from						3
		April 1, 2013
	1] 2% 2] 2.75%			3] 5%	4] 0.4%
1089		CRR( CASH RESERVE RATIO) IS CALCULATED BASED ON						5
		1] SAVINGS DEPOSITS 2] CURRENT DEPOSITS 3] TIME DEPOSITS
		4]TOTAL ADAVNCES 5] 1 TO 3
1090		IFSC is a----------digit code, first 4 represents---------- and last 6 digit						1
		represents -------- and the 5th character is -----
		1]11, bank ,branch,0 2] 11, branch, bank,1 3]11, bank, branch, 2					4]11,
		branch, bank, 9
1091		What can be the group size of SHG in case of difficult areas, deserts, hill						b
		areas, areas scattered with sparse population & in case of minor
		irrigation and disabled –
		a] 10 to 20	b] 5 to 20		c] 5 to 30 d] 10 to 30
1092		What is the minimum Qualification required under PMEGP if the project						d
		cost manufacturing above 10 lacs & service above 5 lacs-
		a] No such stipulation			b] 10^th Passed	c] 12^th Passed d] 8^th Passed
1093		What is the interest on Special deposit scheme for this year						3
		1] 8 % 2] 8.6% 3] 8.7% 4] 9.0%
1094		As per the Companies Act, 2013, a charge of hypothecation created by a						a
		company on its assets has to be registered with ROC within 30 days of
		the creation of the charge and the ROC is also empowered to allow a
		further period of 270 days for filling this charge by imposing such
		additional fee not exceeding 10 times the fee specified in schedule.What
		are the	relevant		sections of	the Companies Act,	1956?
		[a] 77 & 87 [b] 78 & 88 [c] 79 & 97 [d] 80 & 90
1095		A firm has sales of Rs.200000/- with its fixed cost being 80% of its						b
		variable cost and the total cost is Rs180000/-. What is the breakeven
		sales level?
		[a] Rs120000 [b] Rs160000 [c] Rs140000 [d] Rs180000
1096		Which of the following is not a long term source of funds in funds flow						d
		statement?
		[a] Capital subscribed by the promoters
		[b] Unsecured loans raised from friends and relatives
		[c] Term loan raised from the bank for purchase of machineries
		[d] Cash credit limit for working capital from a bank.
1097		Which form is used for cancellation of nomination in deposit account						2
		1] DA1 2] DA2 3] DA3 4] SL1
1098		Rural infrastructure bond is maintained by						5
		1] RBI 2] SIDBI		3] IDBI 4] CGTMSE 5] NABARD
1099		What is the target for differently abled in case of SGSY?						c
		a] 40% b] 50% c] 3% d] 10%
1100		Which of the following is not covered under SARFFAESI Act?						c
		[a] Hypothecated goods
		[b] Mortgaged property
		[c] Where balance is less than 20% of the advance.
		[d] Taking over the management of the business of the borrower.
1101		If current assets are 200 lakhs and current liabilities are 180 lakhs which						4
		includes short term bank finance of Rs 50 lakhs, what is the working

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	capital gap
	1] 180 lakhs 2] 130 lakhs 3] 200 lakhs 4]70 lakhs
1102	For which of the following assets the charge hypothecation is not created					1
	1] land 2] machine 3] stock 4] vehicle 5] 2 to 4
1103	Bank can exercise rights under SARFAESI act if the account is					3
	1] standard account 2] performing assets 3] nonperforming assets
	4] written off accounts
1104	Out of total DRI loans, ---------------- should be given to SC/ST people.					c
	[a] 30% [b] 50% [c ] 40% [d] 60%
1105	What is sub target for Rural & Semi Urban branches in case of DRI					b
	Scheme-
	a] 1/3^rd b] 2/3^rd c] 1/4^th	d] ½
1106	A person will be called as very senior citizen if his/her age is					4
	1] 60 and above 2] 70 and above 3] 100 and above 4] 80 and above
1107	The loan to Self Help Group [SHG] should be multiple of total savings					a
	mobilized by the group initially in the ratio of ----------------. [Savings:
	loan ratio].
	[a] 1:4 [b] 1:6 [c ] 1:8 [d] 1:10
1108	As per the MSMED act , in case the buyer fails to make payment of the					2
	amount to the supplier, he shall be liable to pay compound interest with
	monthly rests to the supplier on the amount from the appointed day or,
	on the date agreed on, at -------- of the Bank Rate notified by Reserve
	Bank.
	1] 2 times 2] 3 times 3] 4 times 4] 5 times
1109	What will be the holding period of Raw material if the opening stock of					a
	raw material is Rs50,000/-, closing stock of raw material is Rs50,000/-
	and the raw material purchased during the year is Rs 6,00,000/-?
	[a] 1 month [b] 1.2 months [c] 1.5 months [d] 1.4 month
1110	As per RBI guidelines, a bank is required to assess working capital					d
	finance on the basis of which of the following methods?
	[a] Cash budget method [b] Turnover method [c] MPBF method [d] Any
	method as per the discretion of the bank.
1111	Following is the balance sheet of a private limited Company					a
	LIABILITIES	Amount	ASSETS	Amount
	Capital	100	Fixed Assets	100
	Sundry Creditors	80	Current Assets	300
	Other Current Liab.	120
	Bank Borrowings	100
	TOTAL	400	TOTAL	400
	What will be the MPBF as per 1st & 2nd method of lending?
	[a] 75 & 25 [b] 100 & 125 [c ] 100 & 75 [d] 135 & 105
1112	Negotiating bank in case of an LC bill examine the documents submitted					d
	by an exporter for negotiation in four days. What time will be available
	to the opening bank for scrutiny of these documents as per new UCPDC
	600?
	[a] 3 banking days [b] 1 banking day [c] 3 working days [d] 5 banking
	days following date of presentation.
1113	In an export LC transaction , the bank which is allowed to make					b
	payment against the documents is called
	[a] Confirming bank [b]Negotiating bank [c] Advising bank [d] Issuing
	bank
1114	A Bank sanctioned pre-shipment credit to an exporter who has sent the					c
	goods for shipment but so far he has not handed over the bill of lading
	although shipment has taken place a few weeks back. When the bill of
	lading will become stale?
	[a] If not presented within 7 days of shipment [b] If not presented
	within 10 banking days of date of shipment [c] If not presented to the

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	bank for negotiation within 21 days of date of shipment. [d] None of the
	above.
1115	An exporter gets LC for export of garments to US, but expiry date of LC					b
	falls on 26th January which is a public holiday. In such a case,
	documents for negotiation can be submitted to the negotiating bank on
	[a] Succeeding working day [b] Succeeding banking day [ c] Preceding
	business day [d]Preceding banking day
1116	A MSE Unit dealing with your branch has received an export order on					b
	FOB terms In this case-
	[a] Cost of insurance is to be borne by the exporter
	[b] Cost of freight is to be borne by the exporter
	[c] Cost of goods, insurance & freight is to be borne by the exporter
	[d] Cost of insurance & freight is to be borne by the importer.
	Examine the following balance sheet and answer the following questions
	:
	LIABILITIES	Amount	ASSETS	Amount
	Capital	3,50,000	R & D Expenses	60,000
	Sundry Creditors	2,50,000	Land & Building	7,50,000
	Term Loan	2,50,000	Stock	3,50,000
	Cash Credit	3,40,000	Goodwill	40,000
	Statutory dues	10,000	Furniture	50,000
	Unsecured Debt	3,50,000	Car	1,00000
	Reserve	3,00,000	Sundry Debtors	3,00,000
			Cash & Bank	60,000
			Balances
			Security Deposit	50,000
			Prepaid Expenses	90,000
	TOTAL	18,50,000	TOTAL	18,50,000
	Total credit purchase during the year is Rs30,00,000 , total credit sales
	during the year is Rs.60,00,000 and cost of sales is 140,00,000
1117	Net working capital is					b
	[a] 2,50,000 [b] 2,00,000 [c ] 3,00,000 [d] 3,50,000
1118	Debtors velocity expressed in days is					c
	[a] 27 [b] 54 [c ] 18	[d] 30
1119	Period of credit enjoyed expressed in months is					a
	[a] 1 month [b] 0.5 month [c] 2 months [d] 2.5 months.
1120	A bank decides to allow a term loan of Rs10 lac to a partnership firm					c
	with a minor admitted to the benefit of partnership firm. How the bank
	will get the documents signed so far minor is concerned?
	[a] Minor will sign himself [b] Guardian of minor will sign on minor’s
	behalf
	[c] Minor nor his guardian is to sign [d] On attending majority, the
	minor will sign.
1121	In Cash Credit accounts, the period of limitation is of three years to be					c
	counted from
	[a] Date of default [b]Date of sanction [c] Date of documents [d]Date of
	default by all the parties including guarantor
1122	In a Doubtful category II NPA account, the balance outstanding is					d
	Rs12.00 lac which is covered by CGTSI guarantee and the realizable
	value of security is Rs4.00 lac. What will be the total amount of
	provision?
	[a] 4.20 lac [b] 1.20 lac [c ] 4.00 lac [d] 3.60 lac
1123	Our bank loan of Rs1.00 lac against the undertaking of the employer has					c
	become NPA Sub-standard. The B/O is Rs0.90 lac. What will be the
	amount of provision? If the same loan account was covered by FD of Rs
	0.20 lac, what will be the amount of provision?
	[a] 0.09 lac, 0.09 lac [b] 0.18 lac, 0.18 lac [c] 0.18 lac, 0.09 lac [d] 0.9

		93

	lac, 0.18 lac
1124	In case of Education loan, which one is not correct?	d
	[a] Up to Rs 4.00 lac of loan, no security, no margin. [b] Above Rs7.50
	lac of loan, 100% collateral security is required. [c] life of the student to
	be insured compulsorily. [d] During moratorium period, the interest to
	be debited on quarterly compounding basis.
1125	Mr. Ashish Jana mortgaged his residential building to a bank for housing	d
	loan. As he defaulted in payment of Income tax, the Income Tax
	authorities took possession and sold the building for recovering the tax
	dues. How the bank is affected in this case?
	[a] Bank loan has no precedence over Income dues as the IT authority
	was not informed by the bank [b] Income tax claim has precedence over
	bank loans by virtue of IT Act according to which IT authority is
	collecting revenue of the government. [c] Both will share the recovered
	amount on prorata basis. [d] Bank loan has precedence over Income tax
	dues as the Bank is the secured creditor.
1126	In case of Equitable mortgage, which one is not incorrect?	b
	[a] The delivery of title deed must be made in writing.
	[b] The delivery of title deed must be made in a notified place.
	[c] The title deed after delivery must continue to be kept in the notified
	place.[d] Both [b] & [c].
1127	Which of the following is not correct in respect of definition of ‘Rural	a
	Area’?
	[a] As per RBI guidelines, ‘Rural Area’ means village/town with
	population not exceeding 20,000 b] As per KVIC Act, ‘Rural Area’ means
	any village or town, the population of which does not exceed 20,000 as
	per 1991 census or any area classified as a village as per revenue
	record. [c] As per NABARD Act, ‘Rural Area’ means any village/town with
	population not exceeding 50,000 [d] Both [a] & [c ].
1128	Which one of the following is not correct in respect of Credit Guarantee	b
	Fund for Micro & Small Enterprises?
	[a] New or existing SME units both in manufacturing sector as well as in
	Service sector to whom Credit facility has been extended by the eligible
	lending institutions without collateral security Or third party guarantee
	can be covered under the scheme. [b] Retail loans under SME are
	eligible under the scheme [c] Loans under KVIC schemes are eligible for
	cover. [d] Quantum of credit facilities in respect of a single eligible
	borrower should not exceed Rs.100 lac by way of term loan and/ or
	working capital loan.
1129	Banking Industry is deemed to be a Public Utility Service as per	d
	[a] Banking regulation Act 1949 [ b] Negotiable Instruments Act 1881
	[c] Indian Contract Act 1872 [ d] Industrial Disputes Act 1947
1130	Recovery agents are to be given a minimum of ________ hours of	a
	training-
	a] 100 b] 200 c] 300 d] 400
1131	For the purpose of issuing Notice under Section 13[2] of SARFAESI Act,	c
	Authorized Officer [A.O.] is -
	[a] Officer deputed by ZO for the specific purpose. [b] Empanelled
	lawyer of the Bank , entrusted with the assignment of issuing such
	notice [c] Any officers of the bank in Scale-IV and above [d] None of the
	above.
1132	The upper limit of referring cases to Lok Adalat is	d
	[a] Rs.5.00 Lac [b] Rs.10.00 Lac [c] Rs.15.00 Lac [d] Rs.20.00 Lac
1133	Character, Capacity & Capital of a Prospective borrower is judged to	d
	conform to which of the following ‘Basic Principles of lending’?
	[a] Principle of Profitability [b] Principle of Security [c] Principle of
	Liquidity [d] Principle of Safety of fund

1134

Through Credit Rating of a Credit Proposal, the risk in the proposal is

[a] Identified [b] Assessed

[c] Measured [d] Monitored

1135

The Bank will limit its exposure to infrastructure Group borrowing to a

certain percentage of Bank’s capital fund. What is that percentage?

[a] 15% [b] 40% [c] 25%

[d] 50%

1136

Deposits taken from a dealer by a company will be shown as which of

the following in its Balance sheet?

[a] Current assets [ b] Current liabilities [c] Term liability [ d] Non

Current asset.

1137

An equitable mortgage was created on 10th June, 2015 with our bank

and ROC registration was made on 8th July, 2015. Again simple/legal

mortgage was created on the same property on 12th June, 2015 with

Allahabad Bank and ROC registration was made on 15th June, 2015.

Which mortgage will get priority?

[a] Mortgage with Allahabad Bank as it was registered with ROC earlier

[b] Mortgage with our Bank as it was created earlier. [c] Mortgage with

Allahabad Bank as it was a Simple mortgage. [d] It will be a kind of pari-

passu charge with both the Banks.

1138

Installments of term loans due within next one year are treated as

current liabilities for the purpose of computing

a] Current Ratio

[b] Working Capital Gap [c] Maximum Permissible

Bank Finance [d] [b] & [c ]

1139

Pre-operative expenses to the extent not written off is shown in the

Balance sheet as -[a] Current asset

[ b] Current liability

[ c] Non-

current asset [ d] Intangible asset

A Balance Sheet of a Company as on 31.03.2008 is given below

LIABILITIES

Amount

ASSETS

Amount

Capital

Fixed Assets

Term Loan

Non Current Asset

Sundry Creditors

Stock

Cash Credit [STBB]

Book Debts

TOTAL

100

TOTAL

100

Current Ratio is -

[a] 1.33 :1

[b] 1.17:1 [ c] 1.20 :1 [d]1.23 :1

1140

NWC is - [a] 20

[b] 10

[c] 10 [d] 15

1141

TOL/TNW is

[a] 3.33 :1

[b] 1.11 :1

[c] 2.33 :1

[d] 1:1

1142

If NWC is 25% of Total Current Assets, then what will be Current ratio?

[a] 1.17:1

[b] 1.22:1 [c] 1.20:1 [d] 1.33:1

1143

If the Projected Sales is Rs100 lac and the projected NWC is Rs10 lac,

How much can be financed under Projected Turnover Method?

[a] Rs 20 lac [b] Rs 15 lac

[c] Rs25 lac [d] [a] or [b]

1144

From the Stock Statement, it is found that Stock--Rs 80 lac, Creditors –

Rs.20 lac Receivables – Rs.60 lac of which Rs 10 lac is 90 to 120 days

old. Sanction stipulation for margin was 25% against paid stock and

30% against book debts not older than 120 days. What will be the

Drawing Power?

[a] Rs 80 lac [b] Rs87 lac

[c] Rs 95 lac [d] Rs 85 lac

1145

Stock for Rs50 lac was insured for only Rs 20 lac which was destroyed

by fire. What amount will be settled by the Insurance Company?

[a] Rs 20 lac [b] Rs 50 lac

[c] Rs8 lac [d] Rs10 lac

1146

If the breakeven point is at 40% of total sales, then what will be the

margin of safety?

[a] 40%

[b] 50% [c] 60%

[d] 80%

1147

The current assets and liabilities of a company are given below :

CURRENT LIABILITIES

Amt

CURRENT ASSETS

Amt

[Rs./lac

[Rs./lac]

]

Creditors for purchase

400

Raw Materials

760

Other current liabilities

200

Stock-in-process

Short Term Bank

800

Finished goods

360

Borrowings

Cash Credit [STBB]

Receivables

220

Other Current Asset

Calculate MPBF under the 2nd Method of lending -

[a] Rs.510 lac

[b] Rs.800 lac

[c] Rs.760 lac

[d] Rs.660 lac

1148

PAT is Rs 10 lac, Depreciation is Rs2 lac, Interest on Term loan is Rs1.50

lac, and Annual repayment is Rs4lac. What will be the DSCR?

[a] 2.43 [b] 2.23

[c] 2.34

[d] 2.45

1149

In case of Equitable mortgage, Which one is correct?

[a] The delivery of title deed must be in writing. [b] The delivery of

title deed must be in notified place [c] The title deed after delivery

must continue to be kept in the notified place. [d] both [b] & [c]

1150

The term ‘Net Working Capital [NWC]’ is also known as -

[a] Margin for working capital

[b] Total Current assets minus total

current liabilities

[c] Surplus of long term sources over long term uses

[d] All the above

1151

AML/KYC guidelines are issued under

[a] BR Act,1949

[b] PMLA,2002

[c] RBI Act

[d] both [a] & [b]

1152

Issue of demand draft or fund transfer by any other mode is restricted

to Cash transaction up to

[a] Rs50,000/-

[b] Rs49,999/-

[c] Rs20,000/- [d] Rs19,999/-

1153

As per KYC guidelines, which of the following customers is having high

risk?

[a] Central Govt. employee [b] State Govt. employee [c] Business man

[d] Politically exposed person resident abroad.

1154

In the repayment schedule in case of rural housing advances to

agriculturists under Indira Awaas Yojna & Golden Jubilee Rural Housing

Scheme, the bank should ensure that interest and installment is payable

[a] Quarterly

[b] Half Yearly

[c] Annually

[d] Linked to the crop

cycle

1155

The credit facility backed by guarantee of Central Govt is overdue for

more than 90 days. Then-

[a] it will not be treated as NPA.

[b] it will be treated as NPA

[c] it will

be treated as NPA when govt. repudiates its guarantee when invoked

[d] it will be treated as NPA immediately on invocation of the guarantee

1156

If ANBC is Rs 5000 crores

and CEOBE is Rs 4000 crores of a DOMESTIC

bank then the target for priority sector is

1] 1600 crores 2] 2000 crores

1600 crores 4] 1280 crores

1157

The full form of VAT

1] value added tarrif

2] value admissible tax

3] value admitted tax

4] value added tax

1158

What is represented by T in RTGS

1] transaction 2] trade 3] transfer 4] time

1159

ECGC classifies country wide risk into ________ groups-

[a] 5 [b] 7 [c] 9

[d] 11

1160

If the interest charged in advances is comparatively lower in the first few

years after which the rates are reset at higher rates; these types of

interest rates are known as

[a] Bullet Rate

[b] Teaser Rate

[c] Telescopic Rate [d] Forward Rate

						96

	[e] Differential Rate
1161	In RTGS,					c
	[a] the sender should have an account [b] the receiver should have an
	account	[c] both		the sender and the receiver should have account [d]
	both the sender and the receiver need not have an account [e] either
	the sender or the receiver [ any one] should have an account
1162	What is the service tax as on date					4
	1] 10% 2] 10.36% 3] 14.42% 4] 14%
1163	As per RBI what does the expression “Bulk deposit” mean –					d
	[a] single rupee Term Deposit of Rs.15 lakhs and above
	[b] single rupee Term Deposit of Rs.25 lakhs and above
	[c] single rupee Term Deposit of Rs.50 lakhs and above
	[d] single rupee Term Deposit of Rs.1 crore and above
1164	Bank are permitted to offer differential rate of interest for deposits for					a
	single term deposit of same maturity of _______ and above with an
	option to choose between term deposits either with or without
	premature withdrawal facility
	a] 15 lakhs		b] 25 lakhs c] 50 lakhs d] 1 crore
1165	Banks will have discretion to disallow premature withdrawal of term					A
	deposits of Rs.15 lakhs and above to- a] all depositors b] except
	individuals		c] except HUF		d] 2 and 3
1166	The bank has served notice of 60 days to the borrower under SARFAESI					2
	act.If the borrower raises any objection within 60 days, the bank ----
	1] should reply within a week 2] should reply within 15 days
	3] need not reply 4] should reply within 30 days
1167	As per BCSBI, code of commitment to MSE customers, which of the					5
	following is incorrect
	1] not to charge any processing fee for loans upto 5 lakhs
	2] to dispose the application for loan upto 5 lakhs within 2 weeks
	3] to dispose the application for loan above 5 lakhs upto 25 lakhs
	within 3 weeks
	4] to dispose the application for loan above 25 lakhs
	within 6 weeks
	5] all the above
1168	As per the code of commitments to MSE customers under BCSBI, which					2
	of the following is incorrect
	1] Permit prepayment of fixed rate loans up to Rs 50 lakh
	without levying any pre-payment penalty
	2] Permit prepayment of fixed rate loans without levying any pre-
	payment penalty
	3] Permit prepayment of floating rate loans without levying any
	prepayment penalty.
	4] none
1169	What is the minimum provision coverage ratio required as per RBI					4
	1] 72%	2] 75%		3] 80%	4] 70%
1170	------------------ will be modified as Smart card to be used as ATM					3
	1] general credit card 2] gold card 3] kissan credit card 4] none
1171	Which of the following is a rabi crop					2
	1] Rice 2] wheat 3] Jawar-bajra 4] none of the above
1172	Which of the following is Kharif Crop?					2
	1] Wheat		2] Maize 3] Gram 4] Barley
1173	In case of a locker jointly held and operated by A & B, the nominee is C.					3
	On the death of A, the contents of the locker will be given to
	1] B only 2] legal heirs of A and B 3] nominee C and B 4] person named
	in the letter of administration which is to be obtained
1174	Which of the following is true					4
	1] Kharif Crop sown in the month of July harvested in October

									97

	2]	Rabbi Crop sown in the month of October harvested in March-
	april
	3]	Zaid crop grown during March To June in some parts of the country
	4]	All the above
1175	Central Electronic Registry has been set up by Central Government								3
	under _______Act
	1]	Indian Contract Act						2] Sale of Goods Act
	3]	SARFAESI Act						4] Transfer of Property Act
1176	A joint liability group normally consists of								2
	1]	5-15 individual 2] 4 -10 individual 3] 10-15 individual 4] no such limit
1177	The maximum gratuity payable under Gratuity Act is								3
	1]	Rs. 3,50,000					2] Gratuity applicable to 33 years
	3]	Rs.10,00,000/-						4] lesser of 2 & 3
1178	While calculating gratuity under Gratuity Act. A month will be considered								4
	as ________ days
	1]	31		2] 30		3] 24		4] 26
1179	In case of gold card holder’s stand-by limit of not less than ----- percent								4
	of the assessed limit may be made additionally granted for facilitating
	urgent credit needs for executing sudden orders.
	1]	10	2] 30		3] 40		4] 20
1180	Quarterly return of TDS on interest paid to Non residents is filed in form								3
	1]	24Q		2] 26Q		3] 27Q 4] 28Q
1181	TDS on Interest is filed quarterly in the form								2
	1]	24Q		2] 26Q		3] 27Q 4] 28Q
1182	A central government pensioner has attained 80 years on 25-03-								2
	2013.He will be paid additional pension of -------% wef -----------
	1]	20 and 25-03-2013 2] 20% and 01-03-2013 3] 30% and 25-03-
	2013 4] 20% and wef 01-03-2013
1183	In which case the risk weight for housing loan will be 125%?								5
	1] loans above 75 lacs							2] LTV is above 75%
	3] loans above 30 lacs & LTV 75% 4] 1 & 2 5] NONE
1184	The cap rate on FCNR B is ?								4
	1]	LIBOR/swap +200 basis points for 1 year to less than 3 years
	2]	LIBOR/swap + 300 basis points for 3 years to 5 years
	3] no cap rate as deregulated 4] 1 and 2
1185	Central registry is set up to prevent frauds in loan cases involving								4
	multiple lending from different banks on the same
	1] vehicle 2] stocks 3] moveable property 4] immoveable property
1186	When ever banks advance against the security of immoveable property,								3
	the charge must be registered with central registry within---------- days
	from its creation
	1]	60		2] 45		3] 30		4] only incase of Companies within 30 days
1187	What is the full form of CERSAI								3
	1] central registry of standard asset reconstruction and security interest
	of India
	2] central registrar of securitization asset reconstruction and security
	interest of India
	3] central registry of securitization asset reconstruction and security
	interest of India
	4] central registry of security asset interest of India
1188	15 CA and 15 CB forms are used in which of the following transactions								3
	1] non deduction of TDS 2] outward remittances from NRE account 3]
	outward remittances from NRO account 4] inward remittances to NRO
	account
1189	With reference to the Demat account what is the full form of ISIN?								2
	1]	International Security Information Number
	2]	International Security Identification Number

							98

	3]	International Standard Identification Number
	4]	Indian Security Identification Number

1190	Which of the following are policy rates						5
	1] bank rate 2] repo rate 3] SLR 4] CRR 5] 1 and 2 6] 1 to 4
1191	Interest on savings account with banks is exempted from tax upto						1
	1]	Rs 10000 2] Rs 25000 3] entire interest 4] rs 50000
1192	The Reserve Bank has since reviewed the policy on ATMs and it has been						4
	decided to permit non-banks to set up, own and operate ATMs to
	accelerate the growth and penetration of ATMs in the country. which is
	true in the following about the functioning.
	1]	ATMs will be in the nature of white label ATMs (WLA) and would
	provide services to customers of all banks.
	2]	WLAs will be owned and operated by non-bank entities
	3]	Cash management and customer grievance redressal will be in the
	domain of the sponsor banks.4] all the above
1193	Which of the following is not a current account						1
	1]	RFC 2] EEFC		3] DDA	4] RFCD
1194	All SCBs are required to maintain minimum CRR balances up to -------						5
	per cent of the average daily required reserves for a reporting fortnight
	on all days of the fortnight
	1]	100	2] 80	3] 90	4] 70 5] 95
1195	Service Area Norms are applicable in case of -						3
	1]	Housing Loans		2] Education Loans		3] Govt. Sponsored Schemes
	4]	1 to 3	5] 2 and 3
1196	If dollar rate increases from Rs59 to Rs60,the person benefited will be						1
	1] exporter 2] importer 3] both 4] bank 5] RBI
1197	Which is incorrect –						5
	1]	Basic Savings Bank deposit account holders will not be eligible for
	opening any other savings deposit account in that bank
	2]	If the person is having any other savings bank deposit account in that
	bank, it should be closed within 30 days from date of opening the new
	savings Bank deposit account
	3]	No requirement of any minimum balance
	4]	All the above		5] None of the above
1198	In a Basic Savings Bank deposit account						6
	1]	Deposit and withdraw cash at Branch 2] Deposit and withdraw cash
	through ATM 3] Receipts / Credit of money through Electronic Payment
	Channels		4] Deposits & Collection of cheques drawn by Central / State
	Govt. Agencies and Depts. 5] Only while no limit on Number of deposits
	in a month, maximum 4 withdrawals in a month including ATM
	withdrawals will be allowed. 6] All the above
1199	In which of the following accounts a staff member posted abroad will get						7
	additional interest –
	1]	FCNR	2] NRE (Savings) 3] NRE (Term Deposits) 4] NRO (Savings)
	5]	NRO(Term Deposits)			6] All the above 7] None of the above
1200	The stipulation of allowing of credit of 100% of Foreign Exchange						3
	Earnings subject to the condition that 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 –
	1]	EEFC	2] RFC (Domestic) 3] RFC			4] Diamond Dollar Account
1201	The revised agency commission by Govt. of India to Banks for Receipts						3
	physical mode transactions is -
	1]	Rs.12/- per transaction 2] Rs.45/- per transaction 3] Rs.50/- per
	transaction 4] Rs.65/- per transaction
1202	The revised agency commission by Govt. of India to Banks for Pension						4

Payment

transactions is -

Rs.12/- per transaction

2] Rs.45/- per transaction

3] Rs.50/- per

transaction 4] Rs.65/- per transaction

1203

Agency commission for payment of Special Deposit Scheme will be –

9 paise per Rs.100 turnover

2] 5.5 paise per Rs.100 turnover

3] 10

paise per Rs.100 turnover

4] NIL

1204

Form A2 is not required for Foreign Exchange Remittance for

miscellaneous purposes –

If the amount does not exceed USD 5000 or its equivalent 2] If the

amount does not exceed USD 25000 or its equivalent

3] The payment

is made by a cheque drawn on the applicants Bank a/c 4] The payment

is made by a Demand Draft 5] 1,3,4 6] 2,3,4

1205

Recently NRIs and PIOs are permitted to transfer funds maximum of

Rs.1 million USD, subject to payment of taxes from –

NRO account to NRE account

2] NRE to FCNR

3] FCNR to NRE

FCNR to RFC

1206

Full form of MICR is

Magnetic ink character record

2] machine ink character reading

3] magnetic ink character recognition

4] machine ink character ink recognition

1207

For PMEGP, rural area means

1] population below 10000 2] population below 20000

3] area classified

as village in revenue record of state 4] 1 and 3 5] 2 and 3

1208

If the project cost is 20 lakhs and the units located in

urban area ,then

the subsidy under PMEGP

for general category is

3 lakhs 2] 5 lakhs 3] 7 lakhs 4] 2 lakhs

1209

In the above question, for special category, the subsidy will be

3 lakhs 2] 5 lakhs 3] 7 lakhs 4] 2 lakhs

1210

The provision requirement on secured portion of an account remaining

NPA for 2.5 years is

10%

2] 25%

3] 40%

4] 100%

1211

Advances against which of the following securities------- will not be

treated as NPA if adequate margin is available

Gold ornaments 2] Government securities

NSC/IVP/KVP/LIFE

POLICY

4] 1 and 2

1212

As per RBI, rupee term deposits means

1] domestic time deposits 2] NRE term deposits 3] NRO term deposits 4]

all the above

1213

What amount of loan will be eligible to fall under priority sector if given

to medium manufacturing

enterprises

2 crores 2] 3 crores 3] 3 crores 4] 5 crores 5] 10 crores 6] any

amount

1214

What amount of loan will be eligible to fall under priority sector if given

to medium-service enterprises

2 crores 2] 3 crores 3] 10 crores 4] 5 crores 5] any amount as there

is no ceiling

1215

As per RBI NBFC can not be partner in

1] partner ship firms 2] limited liability partnership 3] none 4] both

1216

What is the risk weight for housing loans upto 20 lakhs

50% 2] 75% 3] 100% 4] 125%

1217

What is the risk weight for housing loans to Commercial Real Estate

Residential Housing Sector (CRE-RH)

50% 2] 75% 3] 100% 4] 125%

1218

The Commercial Real Estate Residential Housing Sector (CRE-RH) will

attract standard asset provisioning of –

0.25%

2] 0.40%

3] 0.75%

4] 1%

							100

1219	Integrated housing projects comprising of some commercial space can						2
	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 –
	1]	5%	2] 10%	3] 15%	4] 20%	5] 25%
1220	As per the new guidelines, a Micro or Small Enterprise (as defined in the						3
	MSMED Act 2006) may be said to have become SICK,
	1]	any of the borrowal account of the enterprise remains NPA for three
	months or more
	2]	there is erosion in the net worth due to accumulated losses to the
	extent of 50% of its net worth during the previous accounting year
	3] either 1 or 2 4] 1 and 2
1221	MSMES have said to have reached “HAND HOLDING stage” if						4
	1]	There is delay in commencement of commercial production by more
	than six months for reasons beyond the control of the promoters
	2]	The company incurs losses for two years or cash loss for one year,
	beyond the accepted timeframe
	3]	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.
	4] in case of any one of the above events
1222	For branch authorization policy, branches are classified as Tier 1 to Tier						2
	6.semi urban centres will fall under
	1]	Tier 1 To Tier 3 2] Tiers 2, 3, and 4 3] Tiers 5 and 6 4] Tier3 to tier4
1223	RBI has given the option to pay interest on savings deposits and term						4
	deposits at intervals shorter than quarterly intervals. This will not be
	applicable to
	1]	NRO accounts 2] NRE accounts 3] domestic accounts
	4]	FCNR(B)
1224	Depositor education and awareness is to be created by RBI out of						4
	1] grant by central government 2] grant by state governments
	3]	some percentage of profit from scheduled banks 4] banks unclaimed
	deposits
1225	No	banking company shall pay out directly or indirectly by way of					3
	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
	1]	paid-up value of the shares 2] price at which such shares are issued
	3]	price at which such shares are issued inclusive of premium on such
	shares 4] price at which such shares are issued exclusive of premium on
	such shares
1226	A Scheduled Bank in addition to the average daily balance is required						4
	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 –
	1]	75% 2] 65% 3] 50% 4]45%
1227	A Bank has issued a Guarantee favoring Govt. of India on						3
	31-12-2011 for 2 years, stating that our liability under the bank
	guarantee shall be valid upto 31-12-2013 & further stated that we are
	liable to pay the guarantee amount under this Bank Guarantee if Govt.
	serves a written claim or demand on or before 31-03-2014 (Date of
	expiry of Validity period). In terms of amendment to section 28 of Indian
	Contract Act, Govt. has got a right to claim upto
	1]	30 years. 2] 3 years			3] On or before 31-03-2014
	4]	On or before 31-12-2014
1228	The full form IFSC is						2

							101

	1] international financial servicing code
	2] Indian financial system code
	3] international financial symmetrical code
	4] Indian fast serving code
1229	When interest is not serviced ,but there is adequate margin, still the						4
	account will be treated as NPA incase of advances against
	1] Gold ornaments 2] Government securities 3]NSC/IVP/KVP/LIFE
	POLICY	4] 1 and 2 5] none
1230	The interest charged for ways and means advances is						1
	1] repo rate 2] reverse repo rate 3] bank rate 4] base rate
1231	A Current a/c was opened by Mr. A on 31-12-2013 & a cheque book was						1
	issued to the a/c. On 10-1-2014, you receive a cheque in clearing dated
	01-12-2013 which is otherwise in order. You will –
	1] pass the cheque			2] return the cheque		3] return the cheque as
	cheque is irregularly drawn 4] return the cheque as refer to drawer
1232	In a public limited company the operational instructions is ‘Two Directors						2
	and Company secretary will jointly operate the account’. A cheque
	signed by all the three as per mode of operation is being stopped by the
	company secretary. After two days the cheque was presented in
	clearing. You will –
	1] pass it if otherwise in order				2] return the cheque 3] pass the cheque
	as the stop payment was not signed by all the three 4] pass the cheque
	if dated prior to the receipt of stop payment instructions
1233	A bank has paid the maturity value of time deposit for Rs.35000 in cash.						3
	The penalty for this is –
	1] 20000	2] 15000		3] 35000 4] 55000 5] No Penalty
1234	A credit card account will be treated as non-performing asset if the ------						3
	----------due, as mentioned in the statement, is not paid fully within 90
	days from the next statement date.
	1] total amount due 2] amount due for this month
	3] minimum amount payable 4] amount due without interest
1235	Accounts not operated continuously for 10 years and more are called as						3
	1] inoperative accounts 2] dormant accounts 3] unclaimed deposits
	4] stale accounts
1236	Liberalized remittance scheme is allowed only for						1
	1] buying immoveable property abroad 2] margin trading 3] lottery
	4] none of the above
1237	corporate social responsibility rules will be effective from						2
	1] 01/04/2015		2] 01/04/2014		3] 01/04/2016 4] 01/04/2013
1238	corporate social responsibility rules will be applicable to companies -						4
	1] having net worth of at least Rs 500 crore
	2] having minimum turnover of Rs 1,000 crore
	3] those with at least net profit of Rs 5 crore
	4] all the above		5] none of the above
1239	Void pantograph is provided so that it would act as a deterrent against						1
	colour photocopy or scanned colour images of
	1] a cheque 2] Bank Note 3] Currency Note					4] Adhesive Stamp Papers
1240	As per CTS Cheques, the amount written in words & figures respectively						1
	represent –
	1] courtesy amount (amount in figures) or legal amount (amount in
	words),
	2] courtesy amount (amount in words) or legal amount
	(amount in figures)
	3] courtesy amount (amount in words) or legal amount
	(amount in words)
	4] courtesy amount (amount in figures) or legal amount
	(amount in figures)



1241	Which is true In respect of CTS Cheques		2
	1]	No changes /corrections should be carried out on the cheques
	2]	Change is allowed for date validation purposes,
	3]	Change is allowed in payee’s name.
	4]	Changes are allowed under drawer’s signature.
1242	Under CTS Clearing all cheques received for collection over the bank’s		3
	counters are required to be branded
	1] with the bank’s special crossing stamp prior to scanning
	2] with the bank’s special crossing stamp after to scanning
	3] with the bank’s special crossing stamp prior to scanning on the face
	of the cheque
	4] not required at all as the reader sorter / scanner will print a single
	line endorsement on the back of each instrument
1243	At the time of scanning the instruments, the reader sorter / scanner will		5
	print a single line endorsement on the back of each instrument which
	shall be the unique identifier which does not imply –
	1] that that the collecting bank undertakes to credit the payees account
	on realization of the cheque
	2]	that the instrument deposited is a genuine one
	3] that the instrument is being collected for a bonafide customer of the
	bank. 4]All of the above 5] None of the above
1244	In which of the situations the banks would NOT be required to send		1
	physical instruments (paper) along with the scanned images in CTS
	clearing –
	1]	Government Cheques
	2]	IQA Failure
	3]	When the instrument has been returned by the drawee bank with
	reason Image not clear, present again with paper
	4] When the instrument has been returned by the drawee bank with
	reason Present with document.
1245	The Full form of LLP is		2
	1]	LIMITED LICENSE PARTNERSHIP
	2]	LIMITED LIABILITY PARTNERSHIP
	3]	LICENSED LIMITED PARTNERSHIP
	4]	LEAST LIABILITY PARTNERSHIP
1246	As per RBI, a willful default is deemed to have occurred –		4
	1] the unit has defaulted in payment obligation to the lender when it has
	the capacity to honour.
	2] it has not utilized the finance for the specific purpose for which the
	finance was availed but diverted the funds
	3] the unit has siphoned the funds such that neither it has been utilized
	for the specific purpose nor are the funds available in the form of other
	assets
	4] the unit has disposed off the movable or immovable fixed assets,
	given for the purpose of securing a loan without the knowledge of the
	bank or lender
	5]	All of the above
1247	CDR mechanism will be available to all borrowers engaged in any type		7
	of activity subject to the following conditions
	1]	The borrowers enjoy credit facilities from more than one bank/FI
	under multiple banking/ syndication/ consortium system of lending.
	2]	The total outstanding (fund-based and non-fund based) exposure is
	Rs.1 crore
		or above.
	3]	The total outstanding (fund-based and non-fund based) exposure is
	Rs.5 crore
		or above.

				103

	4] The total outstanding (fund-based and non-fund based) exposure is
	Rs.10 crore
	or above.
	5]1&26]1&37]1&4
1248	The Category 1 CDR system will be applicable only to accounts classified			5
	as
	'1] standard' 2] 'sub-standard'.3] doubtful 4] loss 5] 1&2 6] 1,2 & 3
1249	The Category 2 CDR system will be applicable only to accounts classified			3
	as
	'1] standard' 2] 'sub-standard'.3] doubtful 4] loss 5] 1&2 6] 1,2 & 3
1250	Reference to Corporate Debt Restructuring System-1 ,in non suit filed			4
	accounts could be triggered by
	1] any or more of the creditor who have minimum 20% share in either
	working capital or term finance,
	2] by the concerned corporate, if supported by a bank or financial
	Institution having stake as in (1) above.
	3] At least 75% of the creditors (by value) and 60% of creditors (by
	number)	4] 1 or 2	5] 1 or 2 or 3
1251	Reference to Corporate Debt Restructuring System-1 ,in suit filed			3
	accounts could be triggered by
	1] any or more of the creditor who have minimum 20% share in either
	working capital or term finance
	2] by the concerned corporate, if supported by a bank or financial
	institution having stake as in (1) above
	3] at least 75% of the creditors (by value) and 60% of creditors (by
	number)	4] 1 or 2	5] 1 or 2 or 3

1252	Reference to Corporate Debt Restructuring System-2 , could be			3
	triggered by
	1] any or more of the creditor who have minimum 20% share in either
	working capital or term finance
	2] by the concerned corporate, if supported by a bank or financial
	institution having stake as in (1) above.
	3] at least 75% of the creditors (by value) and 60% of creditors (by
	number)	4] 1 or 2	5] 1 or 2 or 3
1253	In CDR mechanism, a creditor (outside the minimum 75 per cent and 60			4
	per cent) who for any internal reason does not wish to commit additional
	finance will have an option. At the same time, in order to avoid the "free
	rider" problem, it is necessary to provide some disincentive to the
	creditor who wishes to exercise this option. Such creditors can either
	1] arrange for its share of additional finance to be
	provided by a new or existing creditor,
	2] agree to the deferment of the first
	year’s interest due to it after the CDR package becomes effective
	3]The first year’s deferred interest as mentioned above, without
	compounding, will be payable along with the last installment of the
	principal due to the creditor.
	4] 1 or 2 & 3 5] 1 or 2 or 3
1254	The repayment period of the restructured account including moratorium,			2
	if any, should not exceed ------ years in case of infrastructure advances
	and ---- years in case of other advances.
	1]10&8	2]15&10 3]18&154]20&10

1255	As per PMLA,banks are supposed to send NTR statement for ------------			1
	1] above Rs 10 lakhs transactions 2] above Rs 10 lakhs cash
	transactions 3] above Rs 5 lakhs transactions 2] above Rs 5 lakhs cash
	transactions

										104

1256	Foreign citizen studying in India can open									3
	1] resident account					2] NRE account		3] NRO account	4] none
1257	A	Foreign citizen,studying in INDIA Within 30 Days Of Opening The								3
	Account Should Give Proof Of Address. During those 30 Days, the
	account can be operated with a condition of allowing foreign remittances
	not exceeding ________ into the account and a cap of monthly
	withdrawal to ________, pending verification of address -
	1] INR 10000 & INR 50000 2] USD 5000 & INR 50000 3] USD 1000 &
	INR 50000 4] USD 1000 & INR 100000
1258	In case of Financial Guarantee, the Credit Conversion Factor is _____%									1
	for Capital Adequacy–
	1]	100	2] 75	3] 50		4] 25
1259	In case of Performance Guarantee, the Credit Conversion Factor is									3
	_____% for Capital Adequacy –
	1]100		2] 75	3] 50		4] 25
1260	Which is not a Performance Guarantee –									1
	1]	Guarantees in lieu of margin requirement of exchanges
	2]	Bid Bonds
	3]	Guarantees in lieu of security Deposit / Earnest Money Deposit for
	participating in tenders
	4]	Retention Money Guarantee
	5]	Warranties / Indemnities and Stand-by letters of Credit related to
	particular transaction
1261	Which is not a Financial Guarantee –									4
	1]	Guarantee for credit facilities
	2]	Guarantees in lieu of repayment of financial securities
	3]	Guarantees towards revenue / dues / taxes/ duties / levies etc. in
	favour of Tax/ Customs/ Port
	4]	Guarantees in lieu of security Deposit / Earnest Money Deposit for
	participating in tenders
1262	Which is low income housing?									2
	1]	A housing unit of size upto 400 square feet or economically weaker
	and low income individuals
	2]	A housing unit of size upto 430 square feet or economically weaker
	and low income individuals
	3]	A housing unit of size upto 450 square feet or economically weaker
	and low income individuals
	4]	A housing unit of size upto 500 square feet or economically weaker
	and low income individuals
1263	What is the annual income ceiling for economically weaker sections and									1
	low income group borrowers for eligibility under CRGFSLIH (Credit Risk
	Guarantee Fund Scheme for Low Income Housing) –
	1]	100000 & 100001 to 200000 2] 100000 & 100001 to 150000
	3]	60000 & 60001 to 150000 4] 60000 & 60001 to 200000
1264	What is the maximum amount of loan can be covered under CRGFSLIH									1
	(Credit Risk Guarantee Fund Scheme							for Low Income Housing) –
	1]	5 Lacs 2] 7.50 lacs					3] 10 Lacs 4] 15 Lacs
1265	One time guarantee fee of ______ % of the loan amount is payable									3
	under CRGFSLIH (Credit Risk Guarantee Fund Scheme								for Low Income
	Housing) –
	1]	0.75	2] 0.85		3] 1		4] 1.25
1266	What is the cover available under CRGFSLIH (Credit Risk Guarantee									5
	Fund Scheme			for Low Income Housing) –
	1]	Upto 2 lakhs – 90% of the amount default max of 90% of the
	sanctioned housing loan
	2]	Above 2 lakhs upto 5 lakhs – 85% of the amount default max of 85%
	of the sanctioned housing loan

105

	3]	Upto 2 lakhs – 85% of the amount default max of 85% of the
	sanctioned housing loan
	4]	Above 2 lakhs upto 5 lakhs – 75% of the amount default max of 75%
	of the sanctioned housing loan
	5]	1&2 6]3&4
1267	How many appeals can be made under Right To Information Act (RTI)						2
	1]	1 2] 2 3] 3 4] No Limit
1268	A second appeal against the decision of first appeal under Right to						4
	Information Act shall be filed within _____ days of receipt of the decision
	of first appeal –
	1]	30 days 2] 45 days 3] 60 days 4] 90 days
1269	What is the amount of fee payable by the borrower when he files the						1
	application to DRT against the action taken by the bank under section
	13(4) of SARFAESI Act if the amount of Debt is less than Rs. 10 lakhs –
	1]	Rs.500 for every 1 lakh or part thereof
	2]	Rs.5000 plus Rs.250/- for every 1 lakh in excess of 1 lakh or part
	thereof 3] Rs.12000 for every 1 lakh or part thereof
	4]	Rs.12000 plus Rs.1000 for every 1 lakh in excess of 1 lakh or part
	thereof
1270	What is the lock in period under the CRGFSLIH (Credit Risk Guarantee						3
	Fund Scheme				for Low Income Housing) -
	1]	12 months			2] 18 months 3] 24 months 4] 36 months
1271	In which of the following cases it is not necessary to identify and verify						5
	the beneficial owners as per the KYC Norms of RBI where–
	1]	The client is a partnership firm
	2]	The client is an unincorporated association
	3]	The client is an unincorporated body of individuals
	4]	The client is a trust
	5]	The client is a company listed on a stock exchange
1272	In case of a company controlling ownership interest means ownership of						3
	/ entitlement to ______ % of shares or capital or profits – 1] 10 2] 15
	3]	25	4] 30
1273	In case of a partnership firm and unincorporated association or body of						2
	individuals controlling ownership interest means ownership of /
	entitlement to ______ % of shares or capital or profits –
	1]	10	2] 15	3] 25		4] 30
1274	Truncated clearing is managed by –						3
	1]	RBI	2] SBI		3] NPCI 4] IBA 5] SEBI
1275	Penalty of non compliance of orders of Consumer Protection Act is –						2
	1]	Imprisonment for not less than 3 months & upto 1 years or fine not
	less than 5000 upto 10000 or both
	2]	Imprisonment for not less than 1 month & upto 3 years or fine not
	less than 2000 upto 10000 or both
	3]	Imprisonment for not less than 1 month & upto 3 years or fine not
	less than 5000 upto 10000 or both
	4]	Imprisonment for not less than 6 month & upto 3 years or fine not
	less than 2000 upto 10000 or both
1276	As per BCSBI, if a bank intends to close a branch or move its branch						4
	from its existing place ,it will inform the customer ______ month/s in
	advance if there is a other branch of any bank in that centre
	1]	2 months 2] 3 months 3] 6 months 4] 1 month
1277	IR20 & Ratna are two important varieties of –						4
	1]	Wheat 2] Bajra				3] Jowar 4] Paddy

1278	What is the incentive given by RBI for exchange of soiled notes over the						2
	counter at branches –
	1]	Re. 1/- per packet for exchange of soiled notes upto Rs.50/-

								106

	2]	Rs. 2/- per packet for exchange of soiled notes upto Rs.50/-
	3]	Rs. 3/- per packet for exchange of soiled notes upto Rs.50/-
	4]	Rs. 5/- per packet for exchange of soiled notes upto Rs.50/-
1279	What is the incentive for adjudicating mutilated Bank notes -							2
	1]	1/- rupee per piece
	2]	2/- rupees per piece
	3]	3/- rupees per piece
	4]	5/- rupees per piece
1280	What is the incentive for distribution of coins over the counter –							3
	1]	Rs.5/- per bag 2] Rs. 10/- per bag
	3]	Rs.25/- per bag		4] Rs. 50/- per bag
1281	What is the penalty if detected by RBI officials for deficiency in services							3
	in providing exchange services –
	1]	Rs. 1000/- 2] Rs. 5000/-				3] Rs. 10000/-	4] Rs.25000/-
1282	Who administers National Equity Fund-							3
	1]	RBI 2] NABARD		3] SIDBI		4] PFRDA 5] SEBI
1283	What is true about SJSRY (Swarna Jayanti Sahari Rozgar Yojana)–							4
	1]	It is renamed as National Urban Livelihood Mission (NULM)
	2]	Capital subsidy has been replaced by interest subsidy
	3]	It is renamed as National Rural Livelihood Mission (NRLM)
	4]	1&2 5]2&3
1284	Which has replaced Swarna Jayanti Gram Swarojgar Yojana –							2
	1]	National Urban Livelihood Mission (NULM)
	2]	National Rural Livelihood Mission (NRLM)
	3]	Prime Minister Employment Generation Program (PMEGP)
	4]	Prime Minister Jan Dhan Yojana (PMJDY)
1285	What is true about overdraft facility in PMJDY (Pradhan Mantri Jan Dhan							4
	Yojana) accounts –
	1]	OD facility of Rs. 5000 would be available for all account holders
	2]	OD facility of Rs. 5000 would be available per household
	3]	OD facility of Rs. 5000 would be available to one account holder per
	household after 6 months of satisfactory conduct of the account
	4]	OD facility of Rs. 5000 would be available in only one account per
	household after 6 months of satisfactory conduct of the account
	preferable to a lady of the household.
1286	The premium for accident insurance cover of Rs. 1 lakh in PMJDY							2
	scheme is paid by –
	1]	Respective banks		2] National Payment Corporation of India
	3]	Equally shared by banks & National Payment Corporation of India
	4]	Equally shared by banks, NPCI and Central Govt.
1287	As per the recent KYC norms, which is not a officially valid document-							6
	1]	Passport	2] Driving License 3] Voters ID				4] PAN card 5] Aadhar
	letter issued by UIDAI				6] Identity card issued by Central or State Govt.
	departments
1288	What interest will be charged by the bank on OD facility in PMJDY –							4
	1]	Base Rate	2] Base Rate + 2% 3] Base Rate + 2% or 12% whichever
	is higher 4] Base Rate + 2% or 12% whichever is lower
	5]	Interest free
1289	In case of person who does not have any of the officially valid document							5
	but is categorized as low risk, then he can open bank account by
	submitting which of the following documents –
	1]	Identity card with applicant photograph issued by Central or State
	Govt. 2] Identity card with applicant photograph issued by Statutory or
	Regulatory authorities				3]	Identity card with applicant photograph
	issued by Public Sector Undertakings/ Public Financial institutions
	4]	Letter issued by a gazette officer with the duly attested photograph of
	a person 5] All the above

							107

1290	Companies authorized to accept Fixed Deposits will be depositing a sum						3
	not less than 15% of the amount maturing during a financial year & in
	the next financial year with a scheduled bank in a separate bank account
	called as –
	1]	Investor Education Protection Fund
	2]	Depositors Education & Awareness Fund
	3]	Deposit Repayment Reserve Fund
	4]	Rural Infrastructure Development Fund (RIDF)
1291	Who has to verify the prima facie genuineness of the cheque to be						1
	truncated for tampering on the face of the instrument
	1]	collecting banker 2] paying banker 3] clearing house 4] National
	Payment Corporation Of India
1292	What charge will you create for loan against life insurance policy?						4
	1] pledge 2] hypothecation 3] mortgage 4] assignment
1293	Who fixes BASE rate for advances/						4
	1]	RBI 2] IBA 3] CENTRAL GOVERNMENT 4] INDIVIDUAL BANKS
1294	Who Fixes Interest On NRE Savings account?						4
	1]	RBI 2] FEMA 3] FEDAI 4] INDIVIDUAL BANKS
1295	One party promises other party from loss caused to him due the conduct						2
	of the promisor or of any other person is
	1]	Guarantee 2] indemnity 3] agreement 4] surety
1296	Banks are being ranked based on customers service rendered by						5
	1]	RBI 2] IBA 3] IIBF 4] SEBI 5] BCSBI
1297	what is the validity period of a demand promissory note/						2
	1]	3 years from the date of default 2] three years from the date of DP
	note 3] 3 years from the date of demand 4] 3 years from the last
	disbursement of loan
1298	A bank can intimate the customer at the opening of a Fixed deposit that						3
	it cannot be prematurely closed				if the amount is
	1]	5 lakhs and above 2] 10 lakhs and above 3] one crore and above
	4] ten crores and above 5] for no amount bank can say so
1299	A, B, C are having a current account and it is operated jointly by all						1
	three. A gives stop payment instruction for a cheque issued from this
	account. The bank
	1] will accept the stop payment instruction 2] no bank, will not accept as
	it should be signed by A,B,C. 3] no bank ,will not accept as it should be
	signed by at least two persons 4] It is left to the discretion of the bank.
1300	A aged 25 years ,is having a RDS account ,a savings account and TAX						4
	Savings account fixed deposit. The interest he receives for RDS ,
	Savings, Tax Savings Fixed deposit is RS 12000 ,Rs11000 and Rs 10000
	respectively for the FY 2014-15.He has given only PAN but not 15 G The
	amount of TDS will be
	1]	Rs1200 2] Rs3300 3] Rs 1100 4] nil 5] Rs300
1301	What is the margin for education loan of Rs.4 lacs						1
	1]	NIL 2] 5% 3] 10% 4] 15%
1302	Upto what amount a bearer DD can be issued –						5
	1]	10000	2] 20000	3] 25000	4] 50000 5] None of the above
1303	What is the minimum balance to be maintained in Basic Savings Bank						4
	Deposit Account –
	1]	100 2] 200 3] varies for rural, semi urban & metro branches
	4]	NIL
1304	What is the rate of provision for Direct Advances to Micro Small						1
	Enterprises which is classified as Standard-
	1]	0.25%	2] 0.40%	3] 0.75%	4] 1%	5] 2%
1305	Which of the following rates is decided by RBI –						4
	1]	Interest rate on Savings 2] Interest on Term Deposit 3] Base Rate
	on Advances 4] Bank Rate

			108

1306	What is the margin for educational loans of more than Rs.4 lacs for		4
	studying in foreign country –
	1]	NIL 2] 5% 3] 10% 4] 15%
1307	Bankers Lien is what type of pledge –		1
	1] Implied Pledge 2] Expressed Pledge 3] Legal Pledge 4] Constructive
	Pledge 5] Symbolic Pledge
1308	What is the full form of CIBIL –		1
	1]	Credit Information Bureau of India Ltd.
	2]	Credit Investigation Bureau of India Ltd.
	3]	Credit Information Board of India Ltd.
	4]	Credit Information Bank of India Ltd.
1309	What is the full form of IBPC –		2
	1]	International Bank participation certificate
	2]	Inter Bank Participation certificate
	3]	Indian Bank Participation Certificate
	4]	Indian Bank Promissory Certificate
1310	What is the full form of MMID–		1
	1]	Mobile Money Identifier
	2]	Money Mobile Identifier
	3]	Mobile Message Identifier
	4]	Monetary Mobile Identifier
1311	What is true about the scheme of PADHO PARDESH		5
	1] interest subsidy to students belong to minority community
	2] students whose parental annual income does not exceed Rs 6 lakhs
	3] interest subsidy will be only upto moratorium
	4] applicable only for pursuing abroad post graduate diploma, Masters,
		M.Phill or Ph.D
	5] all the above
1312	loans to Persons with Disabilities will be eligible for classification		3
	1] priority sector 2] micro service enterprise 3] Weaker Sections
	category 4] others

1313	whenever any excess payment of government pension is detected,		5
	1] the entire amount should be credited to the government account
	immediately.
	2] if the agency bank is of the view that the excess/wrong payment to
	the pensioner is due to errors committed by the government, it should
	take up the matter with respective Government Department for a
	quick resolution of the matter.
	3] the entire amount should be credited to the government account
	immediately, if there is an omission on the part of agency bank
	4] 1 and 2 5] 2 and 3
1314	Citizens of Which of the countries are prohibited to acquire/transfer		5
	immovable property in India in terms of FEMA Regulation
	1] Macau and Hong Kong 2] Pakistan, Bangladesh, Sri Lanka,
	3] Afghanistan, China, Iran, 4] Nepal or Bhutan 5] all the above
1315	It has been decided by RBI that in cases where the cost of the		2
	house/dwelling unit does not exceed----------, banks may add stamp
	duty, registration and other documentation charges to the cost of the
	house/dwelling unit for the purpose of calculating LTV ratio.
	1] Rs.5 lakh 2] Rs.10 lakh 3] Rs.15 lakh 4] Rs.20 lakh 5] no such
	amount
1316	RBI has decided that overdrafts extended by banks upto ` 5,000/- in		3
	Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts will be eligible

109

	for classification
	1] priority sector advances (‘others’ category)
	2] as also weaker sections, provided the borrowers household annual
	income does not exceed ` 60,000/- for rural areas and ` 1,20,000/- for
	non-rural 3] 1 or 2	4] neither 1 nor 2
1317	Submission of which form has been recently abolished by RBI		1
	1] A 1 FORM 2] A 2 FORM 3] CURRENCY DECLARATION FORM
	4] ALL THE ABOVE
1318	Banks are advised	by RBI to dispense with obtaining ‘No Due	3
	Certificate’ from the individual borrowers in rural and semi-urban areas
	in case of
	1] SHGs & JLGs 2] loans under Government Sponsored Schemes,
	3] all types of loans irrespective of the amount involved unless the
	Government Sponsored Scheme itself provides for obtention of ‘No Dues
	Certificate’. 4] agricultural advances
1319	An individual may carry to Nepal or Bhutan, currency notes of Reserve		3
	Bank of India denominations
	1] not above Rs.100/-, 2] Above Rs 100 i.e. currency notes of
	Rs.500/- and/or Rs.1000/- denominations,3] Above Rs 100 i.e. currency
	notes of Rs.500/- and/or Rs.1000/- denominations
	subject to a limit of Rs.25000/-.4] Above Rs 100 i.e. currency notes of
	Rs.500/- and/or Rs.1000/- denominations subject to a limit of
	Rs.50000/
1320	The Reserve Bank, on April 23, 2015, directed scheduled commercial		4
	banks (excluding regional rural banks) to include ‘------------ in all their
	forms/applications
	1] address of the bank 2] IFSC CODE 3] TAN 4] ‘third gender
1321	The Reserve Bank, on April 23, 2015, advised all scheduled commercial		1
	banks, that employees posted in sensitive positions or areas of operations
	(namely, treasury, currency chests, risk modelling, model validation, etc.)
	are covered under a ‘Mandatory Leave’ policy. As per the policy, these
	employees are required to compulsorily avail of leave for ----------- in a
	single spell every year, during their posting in such areas.
	1] 10 DAYS 2] 5 DAYS 3] 15 DAYS 4] 20 DAYS
1322	Differential Interest Rates on Deposits The Reserve Bank, on April 16,		2
	2015, permitted all scheduled commercial banks (excluding RRBs) to offer
	differential interest rates based on whether the term deposits are with or
	without-prematurewithdrawal-facility, subject to certain guidelines: (i) All
	term deposits of individuals (held singly or jointly) of ------------ and below
	should, necessarily, have premature withdrawal facility.
	1] 20 LAKHS 2] 15 LAKHS 3] 10 LAKHS 4] 25 LAKHS
1323	The Reserve Bank advised all scheduled commercial banks including		2
	authorised card payment networks, that relaxed for AFA(additional factor of
	authentication) requirement is permitted for transactions for a maximum
	value of --------/- per transaction;
	1] RS 5000 2] RS 2000 3] RS 3000 4] RS 4000
1324	What stands for “R” in CRILC		2
	1] REPORT 2] REPOSITORY 3] RESERVE 4] RESPONSSIBILTY
1325	For the general public to distinguish a counterfeit note from a genuine		3
	one,in Rs 100 bank notes, the numerals in both the number panels are in -----
	---------- from left to right, while the first three alphanumeric characters
	(prefix) remain constant in size.

					110

	1] descending	2] straight	3] ascending	4] slanting
1326	Interest subvention of 2 % p.a. will be made available to Public Sector				2
	Banks (PSBs) and Private Sector Scheduled Commercial Banks (in respect
	of loans given by their rural and semi-urban branches) on their own funds
	used for short-term crop loans up to Rs.------/- per farmer provided the
	lending institutions make available short term credit at the ground level at ---
	-----% per annum to farmers.
	1] 2 lakhs and 8	2] 3 lakhs and 7	3] 5 lakhs and 8 4] 6 lakhs and 7
1327	Recently RBI has decided to permit Non-Resident Indians (NRIs) to				1
	subscribe to the ------------ without limit, on non-repatriation basis.
	1] chit funds 2] public provident fund 3] senior citizen savings scheme
	4] none of the above
1328	Banks shall report a credit card account as ‘past due’ to credit				3
	information companies (CICs) or levy penal charges, viz. late payment
	charges, etc.,if any, only when a credit card account remains ‘past due’ for
	more than --------- days.
	1] five 2] two	3] three 4] six
1329	The limit for cash withdrawal at POS (for debit cards and open system				3
	prepaid cards issued by banks in India) from Rs.1000/- to Rs.-----/- per day
	in Tier III to VI centres
	1] 5000 2] 1500 3] 2000 4] 10000
1340	When a banknote tendered at the counter of a bank branch is found to be				2
	counterfeit, ----------- to the tenderer, after stamping the note.
	1] no need to give an acknowledgement receipt			2] need to give an
	acknowledgement receipt 3] lodge FIR 4] none of the above
1341	Special features for the visually impaired have been introduced in order to				2
	make it easier for them to identify banknotes, the size of the ------- ------ in
	Rs100, 500 & 1000 denominations has been increased by 50%
	1] see through image 2] identification mark 3] latent image 4] security
	thread

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