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Set No.1 for Exam dated 22-23 January, 2022

1 Time limit to settle failed ATM transaction?
Ans: T+5 working days
2 Disadvantage of unregistered P-ship firms to banks?
Ans: They are in weak legal position to recover their dues through court, which
poses risk to bank loan repayment
3 Financial soundness of a bank is indicated by liquidity ratio / leverage ratio /
capital adequacy ratio / all
Ans: Capital adequacy ratio
4 Annual raw material purchase 36. Lead time 1 month. Usance period 2 month.
LC limit ?
Ans: Monthly purchase = 36 / 12= 3. Total time = 1 + 2 = 3 month. Limit = 3 x 3 = 9
5 PMFME (micro food processing enterprises) scheme period?
Ans: 5 years (2020-21 to 2024-25)
6. Person appointed by a court to settle dues of deceased from his property
Ans: Administrator
7 X forgets his bag in bank premises without any identity marks. Bank keeps it
safely. Relationship?
Ans: Bank trustee, X beneficiary
8. As per Basel III, the capital adequacy + capital conservation buffer shall be
___% of risk weighted assets on full implementation.
Ans: 10.5% (in India by RBI 11.5%)
9. Risk weight of a home loan is 75%. What will be loan to value ratio?
Ans: 75%
10. Which of these is MCLR component 1) marginal cost of funds 2) negative carry
of CRR 3) risk management 4) tenor premium
Ans: 1-2-4 (3rd is risk premium)
11. TDS return due date 31st May. Filed by bank on 6th Jun. Amount of fine?
Ans: Rs.1200
12. Which is not pillar of KYC policy 1) Customer acceptance policy 2) customer
due diligence procedure 3) risk management 4) monitoring of transactions
Ans: 2 (it should be customer identification procedure)
13. If there are chances of multiple outcomes, such situation is called?
Ans: Risk
14. Partners are not liable for actions of other partners, in case of 1) partnership
firms 2) limited liability partnership
Ans: Limited liability partnership
15. O/s balance cannot be more than Rs.50000 and annual credit can not be more
than Rs.1 lac, in case of 1) BSBD account 2) Small deposit account 3) OTP
base account
Ans: Small deposit account
16. Tenor of PPF scheme and extension period?
Ans: 15 years. Block of 5 years
17. Claim settlement period in respect of deceased locker holder?
Ans: 15 days
18. A bank which does not have physical place in a country, is called __ bank
Ans: Shell bank
19. Normally customers’ rights policy of a bank coincides with ___ issued by ___
Ans: Customer Service Code, BCSBI
20. Period of FD in case of NRO deposit?
Ans: Min 7 days. Max 10 years
21. Foreign student is to complete the local address formality within..
Ans: 30 days
22. Bank normally shall operate within Large Exposure Framework limits. It is can
relaxed up to ___ % in ___ cases, with approval of __.
Ans: 5%, specific cases, Board
24. Car purchased with bank loan hypothecated to bank is 1) primary 2) collateral
security
Ans: Primary
25. For domestic systematically important banks, leverage ratio is?
Ans: 4%
26. SBI is in basket 3 under RBI’s Domestic Systematically Important Banks
classification. It needs to main additional CET-1 ratio of?
Ans: 0.6% of RWAs
27. What is max LTV is case of loan against gold jewellery.
Ans: 75%
28. What is effective ROI for a borrower after availing additional interest subsidy in
case of DAY-NRLM?
Ans: 4% pa
29. In FATCA, ‘C’ stands for?
Ans: Compliance (Foreign Accounts Tax Compliance Act)
30. On becoming in-operative, a saving bank account becomes unclaimed deposit,
after there is no operation for ___ years?
Ans: more than 8 years
31: Coins below which denomination, are not in circulation in India?
Ans: 50 paise
32. FEMA replaced FERA 1973 w.e.f.
Ans: 1.6.2000
33. X wants to lodge an application under RTI Act. How much fee to pay?
Ans: Rs.10
34. Which of the following will be shown in balance sheet as part of notes on
accounts 1) term loans 2) deferred payment guarantee 3) overdraft
Ans: Deferred payment guarantee
35. Under Senior Citizen’s Saving Scheme, what is max amount of deposit?
Ans: Rs.15 lac
36. UPI transaction limit :
Ans: Rs.2 lac
37. Approval of banks holding min ___ % share in consortium loan amount is
required to initiate action under SARFAESI Act?
Ans: 60%
38. Land holding can be max ___ in case of marginal farmer?
Ans: 1 hectare
39. Max ROI payable on FDR of 3-5 years under FCNR-B
Ans: Overnight ARR + 3.5%
40. LC required to be opened to cover warehouse storage of goods before sale?
Ans: Green clause LC
41. Min area of currency chest in Hilly areas
Ans: 600 SF
42. Full form of MUDRA
Ans: Micro Units Development & Refinance Agency
43. Liability of a partners in LLP?
Ans: To the extent of his share
44. Consortium loan – Classified by Bank-A as s-standard, by Bank-B, SMA-2,
what shall be classification of Bank-C
Ans: As per conduct of account at Bank-C alone, irrespective of other banks
45. Tenure of Ombudsman under Integrated Ombudsman Scheme of RBI
Ans: 3 years
46. 2 education loans – amount Rs.15 lac and Rs.25 lac. What is max amount to
be included in PS loans on aggregate basis?
Ans: 35 lac (15 + 20 i.e. individual loan can be included up to 20 lac only)
47. Investment in MSME plant and machinery 9 cr. Annual sale 67 cr.
Classification?
Ans: Medium enterprise
48. What is lending target for MSE loans within PS loans?
Ans: Nil (but it is 7.5% of ANBC for micro enterprise loans)
49. Cash payment of FDR prohibited if amount is Rs.20000 or more as per Sec __
of __ Act
Ans: 269T, Income Tax Act
50. Deferred payment guarantee is classified as :
Ans: Financial guarantee.

Set No.2 for Exam dated 22-23 January, 2022

1 Letter of credit which is more a bank guarantee than LC
Ans: Standby LC
2 In case of mortgage, what is transferred? A) property B) interest in property C)
charge in property
Ans: Interest in property
3 What is included in Narrow Money (M-1)
Ans: Currency with public, demand deposits of banks, other deposits with RBI
4 Net interest income is calculated as?
Ans: Interest earned (-) interest paid
5 Rules related to filing suit on drawer for dishonour of cheques are as per?
Ans: Section 138, NI Act
6. CC account renewal of limit overdue for 7 months. Account is 1) out of order 2)
Special Mention account 3) NPA account
Ans: NPA
7 Doubtful for more than 2 years’ account with balance of Rs.34 lac. Residue
security value Rs.26 lac. Amount of provision?
Ans: Unsecured amount = 34-26 = 8 @100% = 8 lac + 26 @40%=10.40. Total
provision 18.40 lac
8. What is min no. of partners in LLP?
Ans: 2
9. Min no. of members in private limited company?
Ans: 2
10. District Consumer Commission has pecuniary jurisdiction for a claim up to
Ans: Rs.50 lac
11. What is max no. of directors in a public limited company, without approval of
shareholders.
Ans: 15
12. Share of govt. in paid up capital of a company to be classified as Govt.
company?
Ans: Min 51%
13. Rate of interest which RBI pays to banks for funds deposited with it under repo
transactions?
Ans: Reverse Repo rate
14. Provisions related to Statutory Liquidity Ratio are covered by Sec __ of _ Act
Ans: 24, B R Act 1949
15. Ready rate is use when a FC transaction is settled on __ day
Ans: Same day
16. Hypothecation has been defined under provisions of ___ Act?
Ans: Sec 2, SARFAESI Act 2002
17. An importer booked a forward contract to pay import bill. It is to be cancelled
before maturity? What exchange rate shall be used?
Ans: Current TT buying rate
18. Max amount of housing repair loan within Priority sector?
Ans: Rs.10 lac for Metro and Rs.6 lac for other places
19. Which not a component of Tier-2 capital 1) revaluation reserve 2) RCPS 3)
forex translation reserve
Ans: 1 and 3 (these are part of Tier-1)
20. 3rd Pillar under Basel III relates to?
Ans: Market discipline
21. Seller needs an LC where risk of non-payment of documents once negotiated
by him is not borne by him. He should ask for which LC?
Ans: Without recourse LC
22. Start up in MSME can be allowed bank loan within Priority sector up to
Ans: Rs.50 cr
24. Sukanya Samridhi account matures after ___ years, from date of opening?
Ans: 21 years
25. Bank wants to use right of set off for loan of X. Related deposit accounts are 1)
OD account of X 2) Joint SB account of X and Y 3) FD account not yet due in
another branch of the bank 4) Current account of G, X’s guarantor
Ans: 4
26. CGTMSE is to settle a claim and pay ___ % amount within ___ days.
Ans: 75%, 30 days
27. Incremental export credit can be included in priority sector loan up to ?
Ans: 2% of ANBC

Set No.1 for Exam dated 16.01.2022

1 What is notice money period
Ans: 2 days to 14 days
2 What is term money
Ans: 15 days to one year
3 Under CGTSME condition of suit file amount increased from 50000 to ……
Ans: 100000
4 Account opening of Senior Citizen Saving Scheme?
Ans: Form A
5 Under Sec 42(3A) of RBI Act , penalty for not keeping the average balance of
CRR…
Ans: Bank rate + 3% for first day and BR+5% for subsequent period.
6. Amount under CGSSD - central guarantee scheme for stressed SME—
personal loan to promotors :
Ans: 15%. Rs.75 lac
7 CET1 ratio under BASEL III
Ans: 4.5% as per Basel III and 5.5% as implemented in India.
8. What is the repayment period of Second dose of DAY NRLM loan?
b) 36-48
9. DRI loan scheme is for providing loan to weaker sections up to ____ and at a
rate of
b) 15000 : 4%
10. Under Stand up India scheme for loan upto 100% given to a partnership the
minimum participation of SC/ST must pe:
Ans: 51%
11. CRR and SLR prescribed by RBI as on 04-12-2021 are
Ans: 4%: 18%
12. A loan is considered to be unsecured if the security value of the loan is less
than ____
ab initio
Ans: 10%
13. RBI conducts the compliance audit of banks under the _____framework.
Ans: Anti-money laundering (AML)
14. Any person is considered a beneficial owner of a partnership firm if his interest
in the partnership firm is more than
Ans: 15%
15. Banks are required report the counterfeit currency report to ___ with ____ days.
Ans: FIU-IND: 15
16. The state level bankers committee has to convene the quarterly meeting within
Ans: 10 days from close of quarter
17. All vehicles under hypothecation are not required to be registered with CERSAI
as registration on ___ portal is considered to be registered.
Ans: VAHAN portal
18. The maximum annual income limit of Education Loan subsidy under Dr.
Ambedkar capital subsidy scheme for EBC category has be updated to
____________
Ans: 5 lakh
19. Under CSIS subsidy for Education loans the following field is NOT required to
be sent to the nodal bank a) Savings Ac number, b) IFSC Code, c) Moratorium
End Date, d) Date on which student turns 25
Ans: Date on which student turns 25
20. Maximum number of members of a private limited company are
Ans: 200
21. The type of partnership firm where the liability of a partner is limited to his/her
stake in the firm.
Ans: Limited Liability Partnership
22. Considering annual locker rent to be Rs. 7400 and locker break open charges
as Rs. 2000, what is the maximum deposit which bank should accept as per
latest locker guidelines:
Ans: 24200
24. For loans guaranteed Under credit guarantee scheme for SC ST CEGSSC ,
what is risk weight under CAR:
Ans: 0%
25. An operational Risk event which did not cause any loss even though it had
potential to do so is referred to as:
Ans: Narrow Miss Event
26. The No Claim period under PMJJBY has be revised to
Ans: 30 days
27. The surrender/maturity value of life insurance policy under PMJJBY is
Ans: There is no surrender/maturity value
28. Bank has to return the documents within _____ after a loan is closed.
Ans: 15 days
29. Cash Budgeting method of working capital finance is used for which industry a)
Only Tea, b) Service Industry, c) Only Sugar, d) All which have been mentioned
here
Ans: d
30. Relationship of bank and customer in case of locker is
Ans: Lessor: Lessee
31: Loans under KCC, Kisan Gold card scheme are sanctioned for ___ and
reviewed__
Ans: 5 years: Annually
32. Loans for Food and Agro-processing up to an aggregate sanctioned limit of
₹______cr per borrower from the banking system. Activities eligible for
classification under food and agro processing will be classified as Agriculture-
Ans: 100cr
33. As per revised RBI guidelines on DAY-NRLM dated 09-08-2021, for loans to
SHGs up to ₹______, no collateral and no margin will be charged. No lien
should be marked against savings bank account of SHGs and no deposits
should be insisted upon while sanctioning loans.
Ans: 20 Lac
34. For total and irrecoverable loss of one hand due to occurrence of the accident,
claim amount payable (Sum Insured) due under Pradhan Mantri Suraksha
Bima Yojana-PMSBY will be Rs._____
Ans: Rs 1 lac
35. Validity period of debit card as per RBI guidelines?
Ans: No validity period
36. A and B having joint account with your bank. C operates through power of
attorney holder operated this account. A day before you came to know that B
died, a cheque presented for payment what you will do?
Ans: Not to pay.
37. Chief Compliance Officer, shall be a senior executive of the bank, preferably in
age not more than ______.
Ans: 55 yrs
38. A low risk customer frequency of updating of KYC
Ans: At least once in 10 yrs
39. Loans for agriculture infrastructure subject to an aggregate sanctioned limit of
₹______ per borrower from the banking system will be classified under Priority
Sector Lending.
Ans: 100 cr
40. In accounts where lending is under Consortium or Multiple Banking, the______
has to take initial decision to classify any standard or NPA or fraud…
Ans: Individual bank
41. Bank can offer Cash@POS facility at all designated Merchant Establishments.
Revised limits is Rs.___ per transaction, within the overall monthly withdrawal
limit of Rs. …..
Ans: 2000 and 10000.
42. Cases of cash shortage more than ₹______, if detected by management/
auditor/ inspecting officer and not reported on the day of occurrence by the
persons handling cash.
Ans: 5000
43. What is surplus of current assets over current liabilities.
Ans: net working capital
44. Long duration crop when NPA in agriculture advance-
Ans: One crop season
45. What is priority sector advance target as % of ANBC.
Ans: 40% of ANBC
46. What is maximum loan under priority sector for agriculture infrastructure.
Ans: 100cr
47. What is maximum loan under priority sector for Start up.
Ans: 50cr
48. Standby LC is a substitute for:
Ans: Bank guaranty
49. Maximum loan to SHG up to which no Margin and no collateral required.
Ans: 10 lakh
50. What is definition of mortgage as per Transfer of Property Act.
Ans: Transfer of interest in a specific immovable property.

Set-2 Exam Dated 16.01.2022

1. Upto which amount no service charge for priority sector.
Ans: 25000
2. What is position of ownership and possession of security hypothecation.
Ans: Owner ship and possession belong to borrower.
3. A person invested a capital of 3 lakh. In between the year he withdrew 25000.
At the end of year his net income is 125000 and tax is 30000 what is his capital
now.
Ans: 3.70 lakh (3.00 – 0.25 + 1.25 – 0.30 = 3.70 lac)
4. Maxim loan under priority sector to farmer against eNWR pledge.
Ans: 75 lakh
5 Who is eligible for PM KUSUM.
Ans: Individual farmer , group of farmer , panchyat all.
6. PMJJBY claim lodge time for nominee/ legal heir after death.
Ans : 30 days
7 What is amount given in partial disability of PMSBY .
Ans: 1 lakh
8. Safe custody of articles under which act.
Ans: Indian contract act.
9. Why bank did not finance to unregistered partnership firms?
Ans. They can not sue others for their liability.
10. Under which Act penalty of double amount or prison for dishonour of electronic
debit in clearing
Ans: Payment and Settlement System Act 2007
11 what is target for 2021-22 for weaker sections under priority sector.
Ans 11%
12. What is education loan target under priority sector .
Ans: 20 lakh
13. Find the odd one in asset and charge : Share -pledge, building -mortgage, FD-
lien (assignment), Immovable- hypothecation
Ans: Immovable -hypothecation
14. As per RBI directive, concurrent audit should cover minimum deposit and
advance ___ which has been withdrawn.
Ans 50%
15. If auditor /inspector check cash. min denomination above which should count
each note -
Ans: Rs.100 and above
16. In a partnership ship firm liability of partner.
Ans: Unlimited individually and jointly.
17 Deferred payment guaranty is a type of .
Ans: Financial guarantee.
18. Protection to payee bank for material alteration in Negotiable Instruments Act.
Ans under section 89.
19. LC/BG shown in balance sheet.
Ans: In schedule related to contingent liabilities.
20. Payment of DD and FDR not in cash above 20000 which Act
Ans: DD-RBI direction. FDR – Income Tax Act
21. If amount is not written in garnishee order-
Ans: Full amount in the account is attached.
22. Court can transfer case to Lok Adalat up to what amount .
Ans: 20 lac
23. Full form of IFSC-
Ans: Indian financial system code.
24 What is Accrual concept of accounting -
Ans: Income and expenditure recognized when fallen due irrespective whether
received/paid.
25. SARFAESI Act max time by authorised officer given in notice of possession to
borrower to pay the loan-
Ans: 60 days
26. A firm has installed machinery which assets it called.
Ans: Fixed assets.
27. Low risk KYC time for update :
Ans 10 yr
28. Which do not come under weaker section in priority sector-
Ans: Artisan, women above 1 lakh.
29. Bank rate on 20-12-21 .
Ans: 4.25%
30. SARFAESI Act is not applicable where.
Ans Only 20% overdue remaining (80% recovered)
31 CRR and SLR is what % at Present
Ans: 4% and 18%
32 Who measures / maintains liquidity in India (SLR, CRR ) RBI/SEBI/NABARD
Ans: RBI
33. Min CRR balance ___ % of average fortnight balance :
Ans: 90%
34. Full form of SWIFT
Ans: Society for Worldwide Interbank Financial Telecommunications.
35. Documents related to the Documentary Credit /LC is governing by what?
Ans: UCP 600 (by ICC Paris)
36. Insurance coverage in LC. What % on CIF Value if not mentioned?
Ans: 110%
37. Packing Credit is available to beneficiary for what type of LC?
Ans: Red Clause LC
38. Projected Sales amount is 600 cr. Raw material cost is 60%. Out of which LC
procurement is 50%, Lead period 2 months. Find out LC assessment.
Ans: Annual RM = 600 x 60% = 360 cr. LC procurement = 360 x 50% = 180 cr.
Monthly consumption = 180/12 = 15 cr. Lead time = 2M. LC limit = 15 x 2 = 30
cr
39. Educational Institute Financing for how much amount Techno Economic
Viability TEV is required
Ans: Rs.10.00 crores
40. Sales given say 300, FC given 150, VC is given 100, find out Contribution
amount?
Ans: Rs. 200 (Sales – VC 300-100)
41. Which is not transaction related /parameters odd one a) Receivables b) Cash c)
Trade payable d) Plant & machinery e) Sundry creditors
Ans: Plant & Machinery.
42. Renewable energy exposure under priority exposure is how much?
Ans: Rs.30 crores.
43. Risk weight is how much while the loan is covered by CGTMSE.
Ans: NIL
44. One company has been sanctioned Loan backed by EMTD (Equitable
Mortgage) on specific land Charge to be registered with CERSAI when?
Ans: No time limit (but immediately)
45. One project loan has been sanctioned DCCO not achieved on time however
extension has been done. Up to what years the extension can been done
where the account will remain standard for infrastructure
Ans: 2 years.
46. As per MSME definition Small account means ?
Ans: Investment Rs.10 crores and annual turn over 50.00 crores.
47. One Loan became NPA on 16.07 2018 what is the classification as on
31.03.2020.
Ans: DF-1
48. Calculation of DSCR? PAT- 42, Depreciation-11 interest-8 & instalment given -
24
Ans: 42 + 11 + 8 / ( 8 + 24) = 61 / 32 = App 2
49. Current Ratio 1.4:1, Net working capital 85. Current Assets?
Ans: Ratio-wise CA: 1.4, CL: 1, NWC 0.4. Amount-wise = 85 / 0.4 * 1.4 = 297.5
50. Risk weight for Commercial real estate – residential housing (CRE RH)?
Ans: 75%

Set No.3 for Exam dated 16.01.2022

01. Limitation for personal liability in case of Mortgage :
Ans: 3 years from the due date of mortgage money.
02. SARFAESI not applicable up to what amount?
Ans: Rs.1.00 Lacs.
03. Maximum Education loan which will come under PS
Ans: Rs. 20 Lacs.
04. One person A is guarantor for the loan given to Mr.B. However Mr. B is not
paying. A makes payment when demand. What right is available to A:
Ans: Right of subrogation.
05. Income criteria for EWS under PMAY scheme?
Ans: Rs.6.00 Lacs;
06. Standard Asset provisioning is how much?
Ans: 0.40%
07. Maturity value or Sum Assured in PMJJBY?
Ans: NIL
08. Single Party exposure as per new Large Exposure framework is how much:
Ans: 20% of the capital base (i.e. Tier-1 capital)
09. Loan to value for Gold Loan as per RBI
Ans: 75%
10. Under LRS limit of Capital and Current account transaction
Ans: USD 2,50,000/per person / per financial year
11. How much loan can be sanctioned against demat Shares
Ans: Rs. 20 Lacs.
12. When the shares is allotted at discounted for own employee by a company then
it is called what?
Ans: Employees Stock Option Plan (ESOP)
13. Difference between Term Loan and Deferred payment guarantee?
Ans: Out lay of fund.
14. Definition of “Take Out Finance”
Ans: Longer duration finance given by banks on medium term basis.
15. SMA 1 relates to what?
Ans: 31-60 days.
16. Exposure remains with whom while the bill is discounted/ Bill Purchased under
LC
Ans: Bank that issued LC
17. Capital Conservation buffer is how much of RWA in the form of CET1
Ans: 2.50%
18. Liability of the partners in LLP is what?
Ans: Limited to the extent of contribution
19. While bank sanctions loan against LIP i.e. Life Insurance policy, which one is
taken into consideration for assessment of loan
Ans: Surrender value of the LIC as on recent date.
20. Contingent Liability is shown where in the Balance Sheet by a company?
Ans: Notes on accounts i.e. Foot Note
21. Current Assets is 300, Current Liability is 150. Current ratio ? Further, Rs.50
has been paid by the company from available cash. What will be the new
current ratio of the company?
Ans: 2:1, 2:5 (250/100)
22. When an undertaking is given stating that it does not create charge over any
assets
Ans: Negative Lien.
23. Find out Odd one: a) Pledge b) Lien c)Hypothecation d) bailment
Ans: Bailment.
24. STR Reporting with how many days
Ans: 7 days.
25. Resolution plan may be considered for how much amount of exposure and
Minimum rating will be how much
Ans: RP 4
26. Hypothecation in defined in which act
Ans: Sec 2 of SAFAESI ACT
27. The Debt Equity Ratio of the company is 4. If Term Loan amounting Rs.60
sanctioned by the bank what will be capital of the company?
Ans: 15 (60/4)
28. CCTV footage can be kept on record for locker room for how many days
Ans: 180 days.
29. Bulk deposit amount is how much amount
Ans: Rs. 2.00 crores and above.
30. Red Flag Account amount criteria is how much ?
Ans: Rs. 50. Crores and above
31. How much % profit goes to the statutory Reserve in case of a banking company
Ans: 20%
32. Review of KYC to be done for Medium Risk Categories
Ans: At least once in 8 years
33. For making payment of pension Bank gets how much amount per Transaction
Ans: Rs.75 per transactions.
34. One Foreign bank has opened one account in SBI in Rupees. What is the
status of the account for SBI
Ans: VOSTRO Account.
35. Example of Intangible Assets
Ans: Patent
36. One cheque has been drawn in favour of Minor. It a) void b) legal c) illegal d)
Void and enforceable
Ans: Legal
37. Percentage of women beneficiary under NULM SEP shall not be less that
Ans: 30%
38. What is the maximum amount of loan can be sanctioned in DRI Scheme at 4%
ROI
Ans: Rs.15000
39. Discounting Rate for Revaluation Reserve in Tier I Capital in Banks
Ans: 55%
40. Hindi Divas is observed on when and mention Year
Ans: 14th September; 1949
41 If Standing Instruction is given then Relationship of Banks - Customer
Ans: Agent Principal.
42 Minimum & Maximum Tenure of Commercial Paper
Ans: 7 days and 1 year
43 Maximum Limit per transaction in Indo Nepal remittance scheme where
customer maintains account?
Ans: Rs.2.00 Lacs
44 2nd Dose Loan under PMsvAniDhi
Ans: Rs.20000/-
45 What is the Maximum loan Limit under Stand Up India Scheme
Ans: Rs. 1.00 crores.
46 Full form of DCCO
Ans: Date of commencement of Commercial operation.
47 What is the another process of valuation of Stock except LIFO and FIFO
Ans: Weighted average method.
48 Cash Budget Method in which of the following a) Sugar Mills b) Tea c)
Construction d) Hospitals e) all of the above.
Ans: All of the above.
49. Maximum amount of deposit in Payment Banks
Ans: Rs.2.00 Lacs.
50. As per RBI guidelines two officers sign required when BG amount is how much
Ans: Rs.50000 or above.
Set No.4 For exam dated 16.01.2022
01. Value of security is less than ________ then it is considered as Loss assts:
Ans: 10%
02. Provision relating to Guarantee given
Ans: Indian Contract Act.
03 Maximum paid up capital for the small company
Ans: Rs. 2 cr.
04 One Loan amounting Rs.80.00 Lacs to be sanctioned by the bank under Stand
Up India scheme, what will be the margin money to be provided by the
borrower.
Ans: Rs. 12 Lacs (15%).
05. KCC is sanctioned for how many years and reviewed when?
Ans: 5 years and annually
06. A currency note which has become dirty due to normal wear and tear and also
includes a two piece note pasted together wherein both the pieces presented
belong to the same note and form the entire note with no essential feature
missing is called a –
Ans: SOILED NOTE
07. Under NRLM a revolving fund for SHG:
Ans: Minimum Rs. 10000 & maximum of Rs. 15000
08. Under NULM and loan to group enterprises
Ans: Min. 3 members and 70% from urban poor families.
09. Legal Guardian appointed by Court to maintain property of deceased person is
known as ?
Ans: Administrator or Receiver
10 Definition of Walk-in customer
Ans: Customer not having account relationship
11 DEBT SWAP meaning
Ans: New loan to prepay an existing loan
12 Credit rating agency for external rating
Ans: CRISIL, CARE, ICRA
13 Presumption of death after ..........years of filing missing report
Ans: 7 years
14 Cheque bouncing due insufficient fund, case lodged under section of NI
Act........
Ans: 138
15. Amount of max loan under MUDRA Trun
Ans: Rs.10 lac
16. In PMEGP manufacturing, the project cost can be up to
Ans: Rs.25 lac
17. Max amount of loan to MSE, eligible for CGTMSE guarantee cover
Ans: RS.200 lac
18. In PMEGP, what is amount of loan for which collateral security is not be
obtained?
Ans: Rs.10 lac
19. For digital transactions under PMSVNidhia – cash back
Ans: Rs.50 to Rs.100
20. What is the overall margin under Standup, from borrower
Ans: 15% of PC
21. Max amount of claim that can be referred to Lok Adalt
Ans: Rs.20 lac
22. Notice period under Sec 13 (2) of SARFAESI Act
Ans: 60 days (for possession)
23. Outstanding balance Rs.10.35 lac. A/c classified as loss a/c. Provision?
Ans: Rs.10.35 lac
24. A bill was purchased from a seller customer. It is not paid on time. Account
shall become NPA after ___ from which date?
Ans: 90 days, date of overdue
25. RBI guidelines on willful defaulter loans become applicable when amount of:
Ans: Rs.25 lac or more
26. Which is a CIC – CIBIL – ICRA – Equifax – Moody’s
Ans: CIBIL, Equifax
27. Paid up capital of Co.300 cr. Paid up capital of bank 400. Reserves of Bank :
500 cr. Max investment by bank in shares of such company
Ans: 90 cr
28. What is max exposure in capital market?
Ans: 40% of NW of previous year
29. PAT 40. Depreciation : 10. TL interest 11. DSCR 2.4. TL instalment?
Ans: 2.4 = (40 + 10 + 11) / 11 + ? = 61 / 2.4 = 25. Instalment = 25 – 11 =14
30. *99 USSD – max amount of transaction
Ans: Rs.5000 per day
31. Plastic money include : Credit card, debit card, PPI, Aadhar Card
Ans: All other than Aadhaar
32. Amount received in NOSTRO account. Payment to be made in INR to
customer. What rate?
Ans: TT buying rate
33. FCNR-B account Period 2 years. Max ROI?
Ans: Overnight ARR + 2.5%
34. Ambedkar subsidy scheme for education loans is operated by which
ministry?
Ans: Ministry of Social Justice and Empowerment.
35. For agro and food processing, max exposure of bank / banking system is ___
Ans: Banking system, Rs.100 cr
36. Max house cost for home loan in PSL for place with population of 10 lac or
above
Ans: Rs.45 lac
37. Under Ayushan Bhart, max loan in PSL for health care facilities
Ans: Rs.10 cr
38. At present which is MSF rate?
Ans: 4.25%
39. What is prorata premium of PMJJBY for months of Mar-Apr-May?
Ans: Rs.86
40. Time limit to settle claim in PMSBY
Ans: 30 days
41. In case of NRI accounts, what is KYC updation time period?
Ans: Once in 2 years
42. Beneficial owner in case of a Trust?
Ans: Person with 15% or more interest
43. A foreign student in India can deposit up to ____ after opening NRO account,
but before submission of local address details.
Ans: USD 1000
44. Rules related to PAN are as per Income Tax rule No.
Ans: 114B