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(STUDY MATERIAL FOR PROMOTION EXAMINATIONS)
PREPARED BYTEAM SBLC, MASULIPATNAM
STATE BANK LEARNING CENTREMASULIPATNAM-521002
ANDHRA PRADESH
, – ५२१००२िजला –
STATE BANK LEARNING CENTREMASULIPATNAM – 521 002KRISHNA DIST. ANDHRA PRADESH
दरू भाषा Phone: 08672-250078 (AGM) 08672- 251548 (Office) FAX: 08672-251546
ऐपी IP: 903191 ईमेल Emai: [email protected]
Date : 30th April, 2017
Dear colleagues,
THE WINGS-2017A STUDY MATERIAL FOR ALL PROMOTION EXAMINATIONS
We are very happy to bring forth “THE WINGS-2017”, a compilation of study materialwhich could be of use for promotion examinations in the coming months.
2. Over the last couple of years, THE WINGS & SADHANA SERIES have become verypopular among all the career oriented employees/officials of our Bank. The Wings-2016& Sadhana Series -2015 evoked tremendous response from the various users. Thehappiest and relishing thing is that the appreciations have poured in not only fromvarious parts of the country but also from some of the colleagues working abroad. Withlots and lots of new users being added, there is a great demand for the release of THEWINGS-2017.
3. A word of caution to the users of the book. While we have taken every care andprecaution in compiling the material error-free, a few mistakes might have crept ininadvertently. Neither the Bank nor the SBLC owns up any responsibility forcontroversies, if any, arising out of this compilation.
4. All the faculty members presently working at the SBLC have contributed to this effort.The Team SBLC, Masulipatnam wishes all the users the best of luck in their endeavoursto gain more knowledge and elevation in service.
Asst General Manager
STATE BANK LEARNING CENTREMASULIPATNAM - 521002
KRISHNA DISTRICT - ANDHRA PRADESH
TEAM SBLC – MASULIPATNAM
S.NO. NAME CELL NO. EMAIL ID @sbi.co.in
1.Shri. R. Krishna MurthyAssistant General Manager 9866502240 k.rachapudy
2.Ms. Arun JyothiChief Manager (Trg.) 8008801273 jyothi.s
3.Shri. A.S.R.K.K. SarmaManager (Trg.) 9989211097 akella.sarma
4.Shri K.Giridhar ReddyManager (Trg) 9000169123 Giridhar.kasireddy
5.Shri. P. AdityuduManager (Trg.) 7330778818 adityudu.p
6.Shri. B. ChalamajiManager (Trg) 7330778808 chalamaji_b
7.Shri.K. S. Prakash RaoManager (Trg) 7330778820 ks.prao
8.Shri. K. Bala SubramanyamAdministrative Officer 9704944424 k.balasubramanyam
9.Shri K.Rajesh KumarAssistant 8142717999 karri.kumar
10.Ms. Y. RadhikaAssistant 9966615313 y.radhik
Office Phone Nos.
AGM : 08672-250078Office : 08672-251548Fax : 08672-251564IP : 903191EMAIL : [email protected]
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Sitting L to R: Shri. A S R K K Sarma, Mgr (Trng), Shri. R. Krishna Murthy, AGM, Ms. Arun Jyothi, Chief Mgr (Trng)Standing L to R: Shri. B. Chalamaj, Mgr (Trng), Shri. K S. Prakash Rao, Mgr (Trng),Shri. P. Adityudu, Mgr (Trng), Shri K. Giridhar Reddy, Mgr (Trng)
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HOME LOANS
Prepared by B.Chalamaji, Manager(Training)
01. What is the minimum age to avail Home Loan SBI Home Loan Scheme?a. 18 years b. 21 yearsc. 35 years d. 40 years
02. What is the maximum age limit under SBI Home Loan Scheme?a. 60 years b. 65 yearsc. 70 years d. 75 years
03. How many co borrowers can be allowed under SBI Home Loan scheme?a. 2 b. 3c. 4 d. 5
04. Who can join as Co – borrowers under SBI Home Loan Scheme?a. Parents b. Spousec. Children d. Siblings e. All the above
05. What is maximum period for repayment of SBI Home Loan Scheme?a. 30 years b. 30 years or 70 years whichever
is earlierc. 35 years d. None of the above
06. What is CRE Home Loan?a. Loan Sanctioned for
acquiring 3rd house/Plotb. 3rd Home Loan for purchase of
House/Flat/Plotc. Both a & b d. None of the above
07. How much of expected rental income can be considered for computingmaximum loan under SBI Home Loan Scheme?
a. Equivalent to NMI/NAI b. Half of the NMI/NAIc. Not to be considered d. None of the above
08. What is the Loan to Value (LTV) ratio for Home Loan amount up to Rs.30.00Lakhs?
a. 75% b. 80%c. 85% d. 90%
09. What is the Loan to Value (LTV) ratio for Home Loan amount above Rs.30.00Lakhs and upto Rs.75 Lakhs?
a. 75% b. 80%c. 85% d. 90%
10. What is the Loan to Value (LTV) ratio for Home Loan amount above Rs.75.00Lakhs?
a. 75% b. 80%c. 85% d. 90%
11. Stamp Duty, Registration Charges and Documentation Charges can beconsidered for calculation LTV Ratio up to Home Loan amount of Rs._____?
a. Rs. 5.00 Lakhs b. Rs.10.00 Lakhsc. Rs.15.00 Lakhs d. Rs.20.00 Lakhs
12. What is the Maximum amount sanctioned under SBI Home Loan Scheme?a. Permissible EMI/NMI ratio b. Maximum permissible LTV
ratioc. Applied Loan amount d. Lower of a,b,c
e.
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13. What is maximum loan amount allowed for repairs/renovation?a. Rs. 5.00 Lakhs b. Rs.10.00 Lakhsc. Rs.15.00 Lakhs d. Rs.20.00 Lakhs
14. Home loan may be sanctioned for reimbursement of investment made by theborrower in house constructed/purchased during the preceding _______months?
a. 6 months b. 12 monthsc. 18 months d. 24 months
15. What is the maximum amount permitted for furnishings/interior work to thecost of house/flat?
a. 10% of the cost ofhouse/flat
b. Rs.25 Lakhs
c. Lower of a and b d. Not permitted16 What is the amount to be recovered from borrower towards CERSAI
registration charges?a. Rs.50+ST up to Home
Loans Rs.5.00 Lakhsb. Rs.100+ST Home Loans
above Rs.5 Lakhsc. Both are correct d. No charges recovered
17. What is the Risk weight on Housing loan of Rs.75 lacs where LTV ratio is 75%a. 50% b. 75%
b. 100% c. 125%18 What is the Risk weight on Housing loan of Rs.75 lacs where LTV ratio is 75%
under CRE Home Loansa. 50% b. 75%c. 100% d. 125%
19. Can execution of documents by power attorney be permitted in Home Loans?a. Permitted to all borrowers b. Permitted for borrowers
employed in Defenseservices, Paramilitary Forcesand NRIs.
c. Both are correct d. None of the above20. TIR (Title Investigation Report) in respect of Power of Attorney (POA) Sales/
Gift Deed to be vetted by law officer. This has been recently relaxed andopinion can be obtained from ___________ if the loan amount is up to Rs._
a. Two Bank's empanelledadvocates ; Rs.30.00 lacs
b. Two Bank's empanelled advocates ;Rs.50.00 lacs
c. Two Bank's empanelledadvocates ; Rs.75.00 lacs
d. Two Bank's empanelled advocates ;Rs.1.00 Crore
21. What is the validity period of Home Loan Sanctioned?a. 3 months from date of
sanctionb. 4 months from date of sanction
c. 6 months from date ofsanction
d. 9 months from date of sanction
22. What is the maximum moratorium period allowed in home loans?a. 18 months b. 24 monthsc. 36 months d. 48 months
23. What is the maximum moratorium period allowed in home loans up to 7 floors?a. 18 months b. 24 monthsc. 36 months d. 48 months
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24. What is the maximum moratorium period allowed in home loans above 7 floorsbut to up 14 floors?
a. 18 months b. 24 monthsc. 36 months d. 48 months
25. What is the maximum moratorium period allowed in home loans above 14floors but to up to 21 floors?
a. 18 months b. 24 monthsc. 30 months d. 36 months
26. What is the maximum moratorium period allowed in home loans above21 floors?
a. 18 months b. 24 monthsc. 36 months d. 48 months
27. Which of the following is true with regard to CRE Home Loans?a. Maximum loan tenor will be
25 years.b. Exposure for the third house
onwards will be classified as aCRE Home Loan
c. Both are correct d. Both are in correct28. Pre-closure penalty is levied if the home loan account is pre-closed within how
many years?a. 2 years b. 3 yearsc. 5 years d. No penalty for pre closure
29. Housing loan up to _____amount is classified under priority sector advancesin Metro centres with population above 10 lakhs
a. Rs.15 Lakhs b. Rs.20 Lakhsc. Rs.25 Lakhs d. Rs.28 Lakhs
30. Housing loan up to _____amount is classified under priority sector advancesin other centres
a. Rs.15 Lakhs b. Rs.20 Lakhsc. Rs.25 Lakhs d. Rs.28 Lakhs
31. Recovery of interest during the moratorium period may be deferred at therequest of the borrower only if moratorium period does not exceed ____months
a. 18 months b. 24 monthsc. 36 months d. 48 months
32. No penal interest is chargeable for a Housing loan up to Rs _______a. Rs.25000/- b. Rs.50000/-c. Rs.100000/- d. No penal interest charged
33. What is the Penal interest charged for Home Loan irregularity exceeds EMI orinstallment exceeds one month ?
a. 1.00% b. 1.50%c. 2.00% d. 2.50%
34. What is the Risk weight on a housing loan of Rs 30 lacs where LTV ratio is75%
a. 35% b. 50%c. 75% d. 100%
35. How much Provisioning to be made for Home Loans categorized understandard assets?
a. 0.40% b. 0.50%c. 0.75% d. 1.00%
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36. Under CRE home loans Provision on standard assets to be made ata. 0.40% b. 0.50%c. 0.75% d. 1.00%
37. The periodicity stipulated for Inspection of NPA Home loan accounts isa. Monthly b. Quarterlyc. Half yearly d. Weekly
38. What is the permissible EMI/NMI ratio for an annual income of more than Rs10 lacs ?
a. 50% b. 60%c. 65% d. 70%
39. What is remuneration paid to the Home Loan Counsellors (HLCs)/Home LoanAdvisors (HLAs) limits upto Rs.25 lacs
a. 0.25% of the loan amount b. 0.30% of the loan amountc. Rs.5000/- d. 0.15% of the loan amount , max
Rs.10000/- per proposal40. Credit Information Report (CIR) from the following two CICs (Credit
Information Companies) for Home Loan limits above Rs 10 lacs should beobtained.
a. Credit Information BureauLimited (CIBIL)
b. CRIF High Mark CreditInformation Services Pvt Ltd
c. Equifax Credit InformationServices Pvt Ltd ( ECISPL)
d. Experian Credit InformationCompany of India
e. a & b41. Panel of Valuers for valuation of Immovable Assets for fixation of Reserve
Price for enforcement of the Bank’s rights under the SARFAESI Act, 2002, isapproved by
a. Regional Business Office(RBO)
b. Local Head Office (LHO)
c. Administrative Office (AO) d. Executive Committee of CentralBoard (ECCB)
42. Updating Security Interest over the property created is done in CentralElectronic Registry under ____________ Act.
a. B R Act b. Contract Actc. SARFAESI Act d. SBI Act
43 Adding back of depreciation to compute Net Annual Income of the borrowerunder Home Loan scheme will be ascertained on the basis of last three years‘ Audited Balance Sheet’ of business/ activity and the latest audited balance(whichever is lower) sheet should not be older that_________
a. 3 months b. 6 monthsc. 9 months d. 12 months
44. Maximum Home Loan for Repairs of a dwelling unit per family at Metrocenters with population above 10 Lacs that comes under priority sector is
a. Rs.5.00 lakhs b. Rs. 3.00 lakhsc. Rs.8.00 lakhs d. Rs.10.00 lakhs
45. Maximum Home Loan for Repairs to damaged dwelling units per familyat Rural & Semi-urban areas that comes under priority sector is…
a. Rs.3.00 lakhs b. Rs. 2.00 lakhsc. Rs.5.00 lakhs d. Rs.6.00 lakhs
46. If an individual owns two singly or jointly, then the exposure for the third house
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onwards or purchase of flat/residential plot will be treated under ……a. CRE Home Loan b. SME Home Loanc. C&I Home Loan d. Business Home Loan
47. The total number of houses/flats/residential plots under Personal SegmentHome Loans Scheme should not be more than …………
a. 3 b. 4c. 5 d. No such restriction
48. While processing high value Home Loan proposals i.e. Home Loansof ………………, two Valuation Reports from different empanelled Valuers ofthe Bank should be obtained.
a. Rs.100.00 lakhs & above b. Rs.50.00 Lakhs & abovec. Rs.75.00 lakhs & above d. Rs.25.00 lakhs & above
49. While calculating “Home Loan Eligibility”, Regular income from all sourcesincluding Variable pay, performance/Production Linked Incentives,Bonus, Overtime etc. can be considered, in whole or in part, on thebasis of the average of the last …………,to arrive at the eligible loan amount.
a. One Year b. Two Yearsc. Three years d. None of the above
50. In case of non-obtention of PAN, The default value suggested for CERSAI isa. BBBBB9999A b. AAAAA9999Ac. AAAAA9999B d. BBBBB9999B
51. The interest concession for Women borrowers under ‘Her Ghar’ scheme isa. 5 bps b. 10 bpsc. 15 bps d. 20 bps
52. The best grade under Credit Scoring Model for home loan isa. Grade 1 b. Grade10c. Grade A d. Grade A+
53. What the minimum age for availing NRI Home Loan?a. 18 years b. 21 yearsc. 25 years d. 35 years
54. What is minimum work experience in India/ abroad to avail NRI Home Loan?a. 1 year b. 2 yearsc. 3 years d. 5 years
55. What is the minimum amount under NRI Home Loan?a. Rs.2.00 Lakhs b. Rs.3.00 Lakhsc. Rs.5.00 Lakhs d. None of the above
56. What is the maximum period allowed to repay NRI Home Loan?a. 25 years or age of 60 years
whichever is earlierb. 30 years or age of 60 years
whichever is earlierc. 25 years or age of 70 years
whichever is earlierd. 30 years or age of 70 years
whichever is earlier57. SBI Realty is sanctioned for the purpose of ……….
a. Purchase of Residential plotlocated within the municipal/corporation area ofUrban/Metro centres withpopulation of 1 lakh andabove for construction ofhouse.
b. Purchase of Plots locatedoutside municipal/corporationarea will be permitted only incases where the plots areallotted/developed byGovernment Bodies/Development Authorities such
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as DDA, HUDA, BDA, LDA, etcc. For construction of house d. Both a and b
58. What is minimum loan amount sanctioned under SBI Realty loan?a. Rs.1.00 lakh b. Rs.5.00 Lakhsc. Rs.10.00 lakhs d. Rs.15.00 lakhs
59. What is maximum loan amount sanctioned under SBI Realty loan?a. Rs.5.00 Crs b. Rs.10.00 Crsc. Rs.15.00 Crs d. Rs.20.00 Crs
60. What is maximum time stipulated for construction of house under SBI RealtyScheme?
a. 2 years b. 3 yearsc. 4 years d. 5 years
61 What is the maximum repayment period allowed under SBI Realty Scheme?a. 5 years b. 10 yearsc. 20 years d. 30 years
62. What is the Loan to Value (LTV) ratio for Realty Loan amount up to Rs.75.00Lakhs?
a. 70% b. 80%c. 85% d. 90%
63. What is the Loan to Value (LTV) ratio for Realty Loan amount above Rs.75.00Lakhs?
a. 70% b. 60%c. 80% d. 90%
64. Under SBI Realty loan, two Valuation Reports from different empanelledValuers of the Bank should be obtained for loan amount of Rs….
a. Rs.100.00 lakhs & above b. Rs.50.00 Lakhs & abovec. Rs.75.00 lakhs & above d. Rs.25.00 lakhs & above
65. Two title search reports, one before the loan is sanctioned and another beforedisbursement of the loan should be obtained under which loan?
a. SBI Privilege b. SBI Hamara Gharc. SBI Realty d. None of the these
66. What is the minimum amount allowed for SBI Realty under Take over?a. Rs. 5.00 Lakhs b. Rs.10.00 lakhsc. Rs.20.00 lakhs d. Not permitted
67. Which facility of loan is made available under SBI Realty Loan?a. Term Loan b. Overdraftc. Both a & b d. Either a or b
68. How much moratorium period is allowed under SBI Realty Loan?a. 6 months b. 12 monthsc. 18 months d. No moratorium period allowed
69. To encourage the Home Loan counselors (HLCs)/Marketing Consultants(MCs)/Marketing Associates (MAs)/Home Loan Advisors (HLAs)/SSL etc Bankhas offered additional incentive to promote “RiNn Raksha’ product to HomeLoan customers? How much the additional payout payable?
a. Rs.1000/- b. Rs.1500/-c. Rs.2000/- d. Rs.2500/-
70. While sourcing the Home Loan applications the sales team/sourcing personnelare required to certify on Photo copies of KYC documents after verifying theoriginal documents, to strengthen mitigation process who further will also
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certify on the photo copies of KYC papers at the time of execution of loandocuments?
a. Processing Official b. Documentation officialc. Controlling Official d. Any of the above officials
71 What is the name of Product in Home Loans that facilitates the borrower toavail Home Loan in the form of Overdraft facility (reduced balancing method)?
a. SBI More gain b. SBI Maxgainc. SBI Home gain d. SBI Flexi Home pay
72. What is the minimum balance to be maintained in SB/CA to avail SBI MaxgainLoan? It is not applicable to customers whose salaries are regularly credited tothe account and repayments are made from the account.
a. Rs.2000/- b. Rs.3000/-c. Rs.5000/- d. Rs.10000/-
73. What is the minimum loan under SBI Maxgain scheme?a. Rs.5.00 Lakhs b. Rs.10.00 Lakhsc. Rs.20.00 Lakhs d. Rs.25.00 Lakhs
74. What is the Maximum loan under SBI Maxgain scheme?a. Rs.50.00 Lakhs b. Rs.75.00 Lakhsc. Rs.2.00 Crores d. No upper limit
75. What are the facilities offered to the SBI Maxgain Home Loan customers afterfull disbursement?
a. ATM b. ATM & INBc. Cheque Book d. INB & Cheque book
76. Does any option available to the existing home loan borrower to convert theirexisting home loans to SBI Maxgain account?
a. No b. Yesc. Yes, but the outstanding
should be above Rs.20.00lacs & A/c should bestandard
d. None of the above
77. What is the Conversion fee for conversion of Home Loan (Term Loan) toMaxgain facility?
a. Rs.1000/- + ST b. Rs.2000/- + STc. Rs.2500/- + ST d. Rs.5000/- + ST
78. Obtention of Revival Letters and Balance Confirmation Letters maybe dispensed with in case of……………….which are being serviced regularlyand are classified as Standard Assets.
a. Term Loan A/c in the PSegment
b. Maxgain Home Loans
c. Both a & b d. None of the above.79. SBI home equity scheme renamed as
a. SBI Home Plus b. SBI Home Top-upc. SBI Home Saral d. SBI Home pay
80. Name the personal loan offered to the existing Home Loan borrowers againstthe security of housing unit already mortgaged?
a. SBI Home equity b. SBI Home payc. SBI Home Top-up d. SBI LAP
81. What is the minimum Net Annual Income to avail Home Top-up Loan?a. Rs.2.00 Lakhs b. Rs.3.00 Lakhs
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c. Rs.5.00 Laksh d. Not required, the borrowershould satisfy EMI/NMI ratio
82. What is the minimum loan available under SBI Top-Up Loans?a. Rs.1.00 Lacs b. Rs.5.00 Lacsc. Rs.2.00 Lacs d. Rs.3.00 Lacs
83. What is the maximum loan under SBI Top-up loan for category -2 customers?a. Rs.2.00 Crores b. Rs.3.00 Croresc. Rs.4.00 Crores d. Rs.5.00 Crores
84. What is the LTV ratio in Home Top-up loans up to Rs.75 Lacs?a. 60% b. Rs.70%c. 75% d. Rs.80%
85. What is the LTV ratio in Home Top-up loans up to Rs.75 Lacs?a. 60% b. Rs.70%c. 75% d. Rs.80%
86. What is the permissible EMI/NMI ratio for Net Annual income above Rs.3.00Lakhs and below Rs.5.00 Lakhs?
a. 50% b. 55%c. 60% d. 70%
87. What is the permissible EMI/NMI ratio for Net Annual income above Rs.5.00Lakhs and below Rs.10.00 Lakhs?
a. 50% b. 55%c. 60% d. 70%
88. What is the permissible EMI/NMI ratio for Net Annual income above Rs.10.00Lakhs?
a. 60% b. 65%c. 70% d. 75%
89. Under which nature of facility Home top loans can be sanctioned?a. Term Loan up to Rs.20 Lacs b. Term Loan and Overdraft for
loans above Rs.20.00 lacs andupto Rs.2.00 Lacs
c. Term Loan for loans aboveRs.2.00 Crs up to Rs.5.00Crs
d. All are correct
90. A borrower can avail how many loans at any point of time under Home Top-upfacility?
a. One b. Twoc. Three d. No such restriction
91. When can the borrower avail send Home Top-up Loan?a. At any time b. 2nd loan can’t be sanctionedc. One year from the date of
disbursement of first loand. Two years from the date of
disbursement of first loan.92. What is the pre payment penalty under Home Top-up Loan?
a. 1% of the amount paid b. 2% of the amount paidc. 2.5% of the amount paid d. No pre payment penalty levied.
93. What is the name of the product offered to purchase/construct a House/flat inHilly/Tribal Areas?
a. Tribal Home b. Hill Homec. Tribal Home Plus d. Tribal Plus
94. What is the minimum & maximum age to avail the loan under Tribal Plus?
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a. 18 years & 60 years b. 21 years & 60 yearsc. 30 years & 70 years d. 25 years & 65 years
95. What is the minimum service/experience required under Tribal Plus Scheme?a. 3 years b. 4 yearsc. 5 years d. 2 years
96. What is the maximum loan sanctioned under Tribal Plus Scheme?a. Rs.10.00 Lakhs b. Rs.15.00 Lakhsc. Rs.20.00 Lakhs d. Rs.25.00 Laksh
97. What is the maximum repayment period allowed under Tribal Plus Scheme?a. 10 years or the borrower
attains 65 years whichever isless
b. 15 years or the borrower attains65 years whichever is less
c. 20 years or the borrowerattains 65 years whichever isless
d. 25 years or the borrower attains65 years whichever is less
98. What is name of the Home Loan product offered to customer for submittingEarnest Money Deposit (EMD) to Government agencies like Housing Baords,Urban Development Authorities to get allotment of house/plot?
a. Earnest Money DepositScheme
b. Earnest Home Loan
c. Earnest Home Plus d. Earnest Money DividendScheme
99. What is the maximum loan sanctioned under Earnest Money Deposit (EMD)Scheme?
a. Rs.5.00 Lakhs b. Rs.10.00 Lakhsc. Rs.20.00 Lakhs d. Rs.25.00 Lakhs
100. The minimum income for home loan under Earnest Money Deposit Scheme isa. Rs.50,000/- b. Rs.1,00,000/-c. Rs.1,50,000/- d. No such stipulation
101 What is the minimum age to avail loan under Earnest Money Deposit (EMD)Scheme?
a. 18 years with steady sourceof income
b. 21 years with steady source ofincome
c. 25 years with steady sourceof income
d. 30 years with steady source ofincome
102 The type of home loan under Earnest Money Deposit Scheme isa. Term Loan b. Demand Loanc. Over Draft d. Cash Credit
103 Bank has revised the loan scheme against property for any personal purposeis called
a. SBI Loan against immovableProperty
b. SBI Personal Mortgage Loan
c. SBI Loan against property(SBI LAP)
d. SBI Top Up
104 The facility of loan offered under SBI LAP (Loan against Property) isa. Term Loan b. Overdraftc. Either a or b d. Demand Loan
105 What is the minimum loan amount under SBI LAP (Loan against Property)a. Rs.5 Lakhs b. Rs.10.00 Lakhs
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c. Rs.15.00 Lakhs d. Rs.20.00 Lakhs106 SBI LAP cannot be sanctioned at……..
a. Rural Area b. Semi Urban Areac. Rural and Semi urban area
population below 1 Lakhd. No such restriction
107 What is the LTV ratio under SBI LAP (Loan Against Property) for loans up toRs.1.00 Cr?
a. 60% b. Rs.65%c. 75% d. Rs.80%
108 What is the LTV ratio under SBI LAP (Loan Against Property) for loans aboveRs.1.00 Cr and up to Rs.5.00 Crs?
a. 60% b. Rs.65%c. 75% d. Rs.80%
109 Under SBI LAP (Loan Against Property) the valuation report should not bemore than …….. months
a. 2 months b. 3 monthsc. 6 months d. 12 months
110 What is the income criteria under SBI LAP (Loan Against Property)a. NMI of Rs.15,000 or
Rs.1.00 Lakhs p. a.b. NMI of Rs.20,000 or
Rs.2.40 Lakhs p. ac. NMI of Rs.25,000 or
Rs.3.00 Lakhs p. ad. None of the above
111 Which of the following document is mandatory under SBI LAP (Loan AgainstProperty) along with KYC documents?
a. Pass port b. PAN Cardc. Voter Id Card d. Ration Card
112 The maximum age allowed under SBI LAP (Loan Against Property) is ……a. 60 years b. 65 yearsc. 70 years d. 75 years
113 The maximum repayment allowed under SBI LAP (Loan Against Property)a. 15 years b. 20 yearsc. 25 years d. 15 years or expected life of
property at least 5 years morethan the loan tenor.
114 The periodicity/frequency to obtain valuation report under SBI LAP (LoanAgainst Property) is…….
a. 5 years b. 3 yearsc. 2 years d. Not required
115 Two CICs (Credit Information Company) reports will be obtained one fromCIBIL and second report from High Mark/Other CIC under SBI LAP (LoanAgainst Property) for loans above……..
a. Rs.5.00 Lakhs b. Rs.10.00 Lakhsc. Rs.20.00 Lakhs d. No such stipulation
116 Minimum CIBIL Score under SBI LAP (Loan Against Property) is……a. 700 b. 750c. 800 d. 650
117 What are the eligible properties to be mortgaged under SBI LAP (Loan AgainstProperty)?
a. Open Plot b. Commercial/Industrial Property
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c. Non agricultural andSARFAESI compliantresidential house/flat
d. All the above
118 Proposals under SBI LAP (Loan Against Property) will be processed at…..a. RACPCs at BRP Centres b. RASMECs at BPR Centresc. LPCs at all Non BPR Centres d. All are correct
119 Under reverse mortgage loan how much % of the realizable value of theproperty is sanctioned?
a. 60% b. 70%c. 90% d. 100%
120 What is the minimum amount of loan under SBI Reverse Mortgage Loan?a. Rs.1.00 Lakh b. Rs.2.00 Lakhsc. Rs.3.00 Lakhs d. No Minimum loan amount
121 Maximum loan that can be sanctioned under SBI Reverse Mortgage loan?a. Rs.25.00 Lakhs b. Rs.50.00 Lakhsc. Rs.75.00 Lakhs d. Rs.100.00 Lakhs
122 What should be the minimum residual life of property in case of singleborrower for sanction of loan under Reverse Mortgage?
a. 15 years b. 20 yearsc. 25 years d. 30 years
123 What is the minimum age of the spouse when loan is sanctioned in jointly withthe spouse in the case of SBI Reverse Mortgage loan?
a. Above 55 years b. Above 58 yearsc. Above 60 years d. No age restruction
124 Reverse Mortgage Loan scheme is sanctioned as….a. Term Loan b. Demand Laonc. Non renewable Over Draft d. Any of the above
125 Reverse Mortgage Loan Scheme is launched specifically for the benefit of …..a. Senior Citizens b. Professional & Self employedc. Govt Employees d. Agriculturists
126 Under Reverse Mortgage Loan Scheme the loan amount can be disbursed aslump sum amount to ___ % of the limit
a. 25% b. 40%c. 50% d. 60%
127 The minimum age of the borrower under Reverse Mortgage Loan Scheme is…a. Above 50 years b. Above 55 yearsc. Above 58 years d. Above 60 years
128 In the case of the death of the borrower under Reverse Mortgage LoanScheme the outstanding will be liquidated by….
a. Selling of the House b. Legal heirs can settle the loanc. Declared as Banks property d. (a) or (b)
129 The residual life of the property to be obtained as security under ReverseMortgage Loan Scheme in the case of spouse being below 60 Years of age______ Years
a. 15 years b. 20 yearsc. 25 years d. 30 years
130 The tenor of the loan under Reverse Mortgage Loan Scheme when the age ofthe younger of the borrowers is between 58 and upto 68 years of age is _____Years or till be death of the borrower (s), whichever is earlier.
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a. 10 years b. 15 yearsc. 20 years d. 25 years
131 The tenor of the loan under Reverse Mortgage Loan Scheme when the age ofthe younger of the borrowers is above 68 years of age is _____ Years or till bedeath of the borrower (s), whichever is earlier.
a. 10 years b. 15 yearsc. 20 years d. 25 years
132 Quantum of loan under Reverse Mortgage Loan Scheme is inclusive ofa. Interest for one year b. Processing chargesc. Interest till maturity of the
loand. None of the above
133 Pre-payment penalty of the loan during the tenure of the loan under ReverseMortgage Loan Scheme is….
a. 0.50% of pre paid amount b. 1.00% of pre paid amountc. 2.00% of pre paid amount d. No pre payment penalty
134 Reverse Mortgage Loan Scheme can be sanctioned by the following branchesa. RUSU Branches b. Metro/Urban Branchesc. All PBB Branches d. All branches
135 Maintenance of the properties charged for availing Reverse Mortgage LoanScheme lies with
a. Bank b. Borrowerc. Sharing by Bank & Customer
50-50d. Sharing by Bank & Customer 25-
75136 Ownership of the property mortgaged for availing Reverse Mortgage Loan
Scheme is witha. Borrower b. Bankc. Both (a) & (b) d. None of the above
137 In case of the death of the borrower under Reverse Mortgage Loan Schemethe legal heirs will be allowed to repay the loan within a period of
a. 3 months b. 9 monthsc. 6 months d. None of the above
138 Reverse Mortgage Loan is sanctioned only if the surviving spouses are ___.a. 2 b. 1c. Either a or b d. None of the above.
139 Under Reverse Mortgage Loan Scheme the title holder has to make a willsuperseding earlier will if any in favour of _______
a. Bank b. Spousec. No Need of any will d. None of the above.
140 Under “Reverse Mortgage Loan”, reasonable amount of time ………………may be provided to the legal heirs for selling the house and settlementof the outstanding from the date the outstanding amount falls due forrepayment before initiating recovery measures.
a. up to the 3 months b. up to the 6 monthsc. up to the 9 months d. up to the 12 months
141 If the outstanding of “Reverse Mortgage Loan” is not liquidated, then it will beclassified as a ‘Sub-standard’ Asset on the....... day after the due date.
a. 90th day b. 120th dayc. 180th day d. 365th day
142 What are the facilities offered under SBI Reverse Mortgage Loan to Non-
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Renewable Overdraft?a. ATM b. Cheque Bookc. Internet Banking d. No facility offered
143 Bank has introduced a new product to the Prospective Home Loan borrower tonegotiate confidently with the builder/seller or to finalize the property to bepurchased is called…..
a. SBI Home Loan PAL b. SBI Home Loan HALc. SBI Home Loan Base d. SBI Home Loan CAL
144 SBI PAL (Pre Approved Limit) is available ata. All Branches b. PBB branchesc. Metro/Urban Branches d. RACPCs
145 The minimum Limit Sanctioned under SBI PAL (Pre Approved Limit)….a. Rs.10.00 Lakhs b. Rs.15.00 Lakhsc. Rs.20.00 Lakhs d. Rs.25.00 Lakhs
146 The Validity period of SBI PAL (Pre Approved Limit) is ….a. 1 month b. 2 monthsc. 3 months d. 4 months
147 Name the product offered to the Home Loan borrowers for funding 100% SBILife premium is ….
a. SBI Home Suraksha b. SBI Surakshac. SBI Home Life d. None of the above
148 Home Loan product offered to Salaries employees having age of 21 years andabove but below 45 years is called …….
a. SBI Yuva Loan b. SBI Flexipay Home Loanc. SBI Easy Loan d. SBI Young Home Loan
149 Minimum Loan amount under SBI Flexipay Home Loan….a. Rs.10.00 Lakhs b. Rs.15.00 Lakhsc. Rs.20.00 Lakhs d. None of the above
150 What is the minimum and maximum tenor of SBI Flexipay Home Loan?a. 10 years & 30 years b. 15 years & 30 yearsc. 20 years & 30 years d. 25 years & 30 years
151 The salaried applicants under SBI Felxipay Home Loan should have minimumexperience of ……
a. 2 years b. 3 yearsc. 5 years d. No such condition
152 Facility of Loan available under SBI Felxipay Home Loan isa. Term Loan b. Overdraftc. Demand Loan d. Either (a) or (b)
153 Maximum start up /moratorium period allowed under SBI Felxipay Home Loana. 36 months for ready to move
in propertiesb. 36 months + construction period
for under construction propertiessubject to maximum period of 60months
c. 18 months d. Either (a) or (b)154 Ministry of Housing and Urban Poverty Alleviation (MoHUPA) has launched
‘Credit Linked Subsidy Scheme (CLSS)’ for urban area beneficiaries inEWS/LIG category to acquire/construct a house or repair/extension ofKucha/Semi Pucca house is called…….
a. Pradhan Mantri Niwas b. Pradhan Mantri Gruh Yojana
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Yojanac. Pradhan Mantri Awas Yojana d. Pradhan Mantri Home Yojana
155 Interest Subsidy available under Pradhan Mantri Awas Yojana (PMAY)…..a. 5.00% b. 6.00%c. 6.50% d. 10.00%
156 Credit linked Interest subsidy available under Pradhan Mantri Awas Yojana(PMAY) for a tenor of …….
a. 10 years or actual tenor ofloan whichever is lower
b. 15 years or actual tenor of loanwhichever is lower
c. 20 years or actual tenor ofloan whichever is lower
d. 25 years or actual tenor of loanwhichever is lower
157 The credit linked subsidy available for loan amount up to Rs…….a. Rs.5.00 Lakhs b. Rs.10.00 Lakhsc. Rs.6.00 Lakhs d. Rs.15.00 Lakhs
158 The income criteria of EWS/LIG beneficiaries under Pradhan Mantri AwasYojana (PMAY) is….
a. EWS households with annualincome up to Rs.3.00 Lakhs
b. LIC household with annualincome above Rs.3.00 Lakhsand up to Rs.6.00 Lakhs
c. Both (a) & (b) are correct d. None of the above159 The new Home Loan product launched for financing companies (Where the
borrower is a company) for acquiring residential units is called……a. SBI Commercial Home Loan b. SBI Corporate Home Loanc. SBI Business Home Loan d. SBI Company’s Home Loan
160 Under which segment SBI Corporate Home Loans covered?a. SME segment b. C&I segmentc. PER segment d. Bother (a) & (b)
161 Minimum Loan under SBI Corporate Home Loans is…..a. Rs.50.00 Lakhs b. Rs.1.00 Crc. Rs.2.00 Crs d. No minimum stipulation
162 Maximum LTV under SBI Corporate Home Loans is ….a. 75% b. 80%c. 85% d. 90%
163 Maximum Loan tenor under SBI Corporate Home Loans is……a. 10 years including
moratoriumb. 15 years including moratorium
c. 20 years includingmoratorium
d. 25 years including moratorium
164 Bank has introduced Two new Home Loan Products to tap the potential afterimplementation of Seventh Pay Commission. The two new products are….
a. SBI Privilege & SBI Maurya b. SBI Privilege & SBI Shauryac. SBI Quick & SBI Shaurya d. SBI Maurya & SBI Shaurya
165 SBI Privilege Home Loan offered to….a. Employees of Central/State
Governments (includingPSBs, PSUs of Central Govtand other individuals withpensionable service.
b. Employees of CentralGovernments (including PSBs,PSUs of Central Govt and otherindividuals.
c. Employees of Central/State d. Employees of Central/State
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Governments and Prof. andSelf Employed
Governments and Business men
166 SBI Shaurya Home Loan offered to….a. Defense Personnel belong to
Armyb. Defense Personnel belong to
Navyc. Defense Personnel belong to
Airforced. All the above
167 The Minimum and Maximum Loans under SBI Privilege & SBI Shaurya HomeLoans are……
a. Rs.5.00 Lakhs & Rs.25.00Crs
b. Rs.10.00 Lakhs & Rs.25.00 Crs
c. Rs. 5.00 Laksh & Rs.50.00Crs
d. Rs.10.00 Lakhs & Rs.50.00 Crs
168 Maximum Repayment period under SBI Privilege & SBI Shaurya Home Loansis……
a. 30 years or 70 years of agewhichever is early
b. 30 years or 75 years of agewhichever is early
c. 25 years or 70 years of agewhichever is early
d. 25 years or 75 years of agewhichever is early
169 Minimum Repayment period under SBI Privilege & SBI Shaurya Home Loansa. 60 months b. 84 monthsc. 96 months d. 120 months
170 What the periodicity for registration of property in CERSAI (Central ElectronicRegistry) after creation of mortgage?
a. 7 days b. 15 daysc. 21 days d. 30 days
171 The new product offered to the public with a fixed Interest option for 2 yearsis…
a. SBI Mera Ghar b. SBI Hamara Gharc. SBI Apna Ghar d. SBI Ghar
172 Maximum Loan under SBI Hamara Ghar is….a. Rs.20.00 Lakhs b. Rs.25.00 Lakhsc. Rs.30.00 Lakhs d. Rs.50.00 Lakhs
173 Pre payment penalty under SBI Hamara Ghar is….a. 2%+ST if the Loan is closed
before 2 yearsb. No Pre Payment Penalty if loan
closed after 2 yearsc. Both (a) and (b) are correct d. Both (a) and (b) are wrong
174 The Loan facility available under SBI Hamara Ghar is….a. Term Loan b. Overdraftc. Either (a) or (b) d. Demand Loan
175 To provide hassle free finance over internet banking platform, bank haslaunched new Product to the existing Home Loan borrowers against theirHome Property is ……
a. SBI Quick Top Up b. SBI Insta Home Top Upc. SBI ezy Top Up d. SBI Home Top Up
176 The Eligibility Criteria to avail SBI Insta Home Top Up is….a. Minimum HL Limit Rs.20.00
lacs with INB facilityb. Minimum residual tenure of
Home Loan of 5 years &maintaining SB Ac linked with HL
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CIFc. Satisfactory track record of 3
years or more & should nothave any Home Top Up
d. No instance of HL ac slipping toRG-3 or further in the past &CIBIL score of 700 or higher
e. All are correct177 Minimum and Maximum Loan amount under SBI Insta Home Top Up is…
a. 5% of Home Loan Limit, MinRs.1.00 Lakh & Max. Rs.5.00Lakhs
b. 10% of Home Loan Limit, MinRs.1.00 Lakh & Max. Rs.5.00Lakhs
c. 5% of Home Loan Limit, MinRs.3.00 Lakh & Max.Rs.10.00 Lakhs
d. 10% of Home Loan Limit, MinRs.3.00 Lakh & Max. Rs.5.00Lakhs
178 The Loan facility available under SBI Insta Home Top Up is…a. Term Loan b. Overdraft (Reducing Drawing
Power)c. Demand Loan d. Any of the above
179 What is the minimum Loan to Non salaried customers (Professionals/Self-Employed/Businessmen)?
a. Rs.50,000/- b. Rs.1,00,000/-c. Rs.3,00,000/- d. No minimum loan
180 What is the maximum Loan to Non salaried customers?a. Rs.5.00 Crs b. Rs.20.00 Crsc. Rs.25.00 Crs d. Rs.50.00 Crs
181 What are the authorized branches to sanction Home Loans to Non salariedcustomers?
a. All Branches b. RACPCs/RASMECCs at BPRCentres
c. LPCs at Non BPR Centres d. Both (b) & (c) are correct182 What is the minimum Risk Grade to be obtained on a scale of 1 to 10 by Non
salaried customers to avail Home Loan?a. Risk Grade 5 b. Risk Grade 6c. Risk Grade 4 d. No such stipulation
183 Minimum net monthly income under SBI Flexi pay Home Loan is..a. Rs.25000/- b. Rs.50000/-c. Rs.75000/- d. No minimum stipulation
184 Maximum loan that can be sanctioned for repairs/renovation under NRIHousing loan is…
a. Rs.10.00 Lakhs b. Rs.5.00 Lakhsc. Rs.15.00 Lakhs d. Not eligible for repairs/renovation
185 Who are eligible housing loans under CRGFTLIH (Credit Risk Guarantee FundTrust for Low Income Housing) Scheme in urban area?
a. Home Loans upto Rs. 5.00lacs
b. Applicant is either EWS or LIG
c. The carpet area of theHouse/Flat upto 430 sqft
d. All the above
186 Processing fee under SBI Green Home Loan Scheme isa. 0.25% of Loan amount b. 0.35% of Loan amountc. 0.50% of Loan amount d. No Processing Charges
187 What is Interest Rate concession offered to the Home Loans availed by
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Women borrowers?a. 100 bps b. 50 bpsc. 25 bps d. No Concession
188 What is the Income Tax benefit under section 80 (c) available to the HomeLoan borrowers for repayment towards principal?
a. Rs.1.00 Lakh b. Rs.1.50 Lakhsc. Rs.2.00 Lakhs d. No such benefit
189 Can the Applicant / Co-applicants be NRI in SBI Shaurya & SBI PrivilegeHome Loans?
a. No, Only Resident Indiansare eligible for coverageunder the schemes
b. Yes, Resident Indians along withNRIs are eligible for coverageunder the schemes
c. Both are correct d. No such condition190 Bank has launched a New Home Loan product to meet shortfall in funds for
purchase a new home/flat is….a. SBI Bridge Home Loan b. SBI Help Home Loanc. SBI GAP Home Loan d. SBI Hope Home Loan
HOME LAONS- ANSWER’S
1 A 2 C 3 B 4 E 5 A 6 A 7 A 8 D 9 B 10 A11 B 12 D 13 B 14 B 15 C 16 C 17 B 18 C 19 B 20 D21 A 22 C 23 A 24 B 25 C 26 C 27 C 28 D 29 C 30 A
31 A 32 A 33 C 34 A 35 A 36 D 37 C 38 D 39 A 40 E
41 D 42 C 43 C 44 A 45 A 46 A 47 C 48 A 49 B 50 C
51 A 52 A 53 A 54 B 55 B 56 B 57 D 58 B 59 C 60 D
61 B 62 A 63 B 64 B 65 C 66 D 67 A 68 D 69 C 70 B
71 B 72 C 73 C 74 D 75 D 76 C 77 B 78 C 79 B 80 C
81 B 82 C 83 D 84 D 85 C 86 B 87 C 88 C 89 D 90 B
91 C 92 D 93 D 94 B 95 C 96 A 97 B 98 A 99 B 100 D
101 B 102 B 103 C 104 A 105 B 106 C 107 B 108 A 109 B 110
111 B 112 C 113 D 114 B 115 B 116 A 117 C 118 D 119 C 120 C
121 D 122 B 123 B 124 C 125 A 126 C 127 D 128 D 129 C 130 B
131 A 132 C 133 D 134 D 135 B 136 A 137 C 138 B 139 B 140 B
141 A 142 D 143 A 144 D 145 A 146 C 147 B 148 B 149 C 150 D
151 A 152 A 153 D 154 C 155 C 156 B 157 C 158 C 159 B 160 D
161 B 162 A 163 B 164 B 165 A 166 D 167 D 168 B 169 A 170 D
171 B 172 C 173 C 174 A 175 B 176 E 177 A 178 B 179 A 180 D
181 D 182 B 183 D 184 A 185 D 186 D 187 B 188 B 189 A 190 A
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CAR LOAN
Prepared by B.Chalamaji.B Manager (Training)
1. Car loan can be sanctioned under which of the facilities?a) Term Loan b) Demand Loanc) Overdraft d) Either TL or OD
2. Which of the following are eligible to apply for a car loan?a) Salaried employees b) Professionals, self- employed
persons, businessmenc) Agriculturists d) All the above
3. Which of the following category of car loan applicant need not submit Income TaxReturn/Form 16?a) Salaried employees b) Professionals, self- employed
persons, businessmenc) Agriculturists d) All the above
4. The age of a car loan applicant should be between _______a) 18-60 years b) 21-60 yearsc) 21-65 years d) 21-70 years
5. Car loan must be fully repaid before the borrower attains the age of :a) 60 years b) 65 yearc) 70 years d) 75 years
6. The minimum Net Annual Income of ( salaried) applicant and/or co-applicant ifany, together for car loan should be ________a) 100000 b) 120000c) 200000 d) 250000
7. In respect of car loan applicants- Professionals, self-employed, Proprietary/partnership firms, businessmen, the minimum Net Profit/ Gross Taxable Incomeper annum as per I T Return after adding back depreciation and deductingrepayments of existing loans should be _____a) 100000 b) 120000c) 200000 d) 400000
8. The minimum Net Annual Income of (Agriculturists) applicant and/or co-applicantif any, together for car loan should be________a) 100000 b) 120000c) 200000 d) 400000
9. Income from other sources like ______can be added for arriving at minimum NetAnnual Income of a car loan applicant.a) Bank interest, rents b) Dividends of listed Companiesc) Agriculture income d) All the above
10. The Net Annual Income of an agriculturist car loan applicant will be arrived atbased on -------------------a) Nature of activity b) Land holding & cropping patternc) Yield d) All the above
11. The maximum amount that can be granted to a salaried person is restricted to ---------------- times of Net Monthly Income under car loana) 24 b) 30c) 36 d) 48
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12. The maximum car loan amount that can be granted to Self Employed,Professionals and businessmen etc, is restricted to ---------------- times of NetAnnual Income/Net Profit/Gross Taxable Incomea) 2 b) 2.50c) 3 d) 4
13. For a car loan applicant having a Net Annual Income up to Rs.5 lacs, theEMI/NMI ratio should not exceed_______a) 50% b) 60%c) 70% d) 75%
14. For a car loan applicant having a Net Annual Income above Rs.5 lacs and up toRs.10 lacs, the EMI/NMI ratio should not exceed_______a) 55% b) 50%c) 70% d) 75%
15. For a car loan applicant having a Net Annual Income above Rs.10 lacs, theEMI/NMI ratio should not exceed_______a) 50% b) 75%c) 60% d) 60%
16. The margin for a car loan on “ On road Price” of the vehicle would be _____a) 5% b) 10%c) 15% d) 25%
17. Penal interest for car loan upto Rs.25000 is charged at…….a) Nil b) 1%c) 0.50% d) 2%
18. What is maximum repayment period allowed for a car loan?a) 3 years b) 5 yearsc) 7 years d) 10 years
19. Interest Rate in Car Loans is linked to the Score obtained in CICs (CreditInformation Companies) for Car Loan amount of Rs…….a) Rs.3.00 Lakhs and above b) Rs.4.00 Lakhs and abovec) Rs.5.00 Lakhs and above d) Rs.10.00 Lakhs and above
20. In respect of a car loan, if the irregularity exceeds EMI, for a period of------------,then the penal interest would be charged @2% p.a. (over and above theapplicable interest rate) on the------------------- for the period of default.a) One month/ overdue amount b) 3 months/ overdue amountc) 3 months/ outstanding amount d) One month/ outstanding amount
21. The processing fee for a car loan is 0.50%+ST of the loan amount subject to aminimum and maximum of ________a) Rs.500+ST & Rs.5000+ST b) Rs.950+ST & Rs.9100+STc) Rs.1000+ST & Rs.5000+ST d) Rs.5000+ST & Rs.10000+ST
22. If a car application is rejected after pre-sanction survey ------- % of the ProcessingFee will be retained.a) 25% b) 50%c) 60% d) 75%
23. For car loan applicants other than agriculturists, I T Return/ Form 16 for the last_______ years should be obtained.a) One year b) 2 yearsc) 3 years d) 5 years
24. Takeover of car loans will be considered selectively subject to which of thefollowing conditions?
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a) The vehicle is not more than 2years old, It is a singleownership vehicle & noinsurance claim has beenavailed
b) The account of the borrower with theother bank is a Standard Asset
c) The loan should be repaidwithin 7 years from the date ofthe original purchase of thevehicle
d) All the above
25. Under Car Loan reimbursement will be made for the cars purchased out of ownfunds, but not more than………. old.a) 3 months b) 6 monthsc) 12 months d) 24 months
26. LTV for a borrower with Net Annual Income of Rs.10 lacs isa) 85% of on Road Price b) 75% of on Road Pricec) 85% of Ex Showroom Price d) 75% of Ex Showroom Price
27. What is the pre-payment penalty for car loan?a) 1% of outstanding b) 2% of outstandingc) 5% of outstanding d) No penalty
28. For car dealer and sales executives, the incentive would be paid at _____ rate forthe loan applications sourced by them. (overall outer limit)a) 2.30% of the loan amount b) 2.50% of the loan amountc) 2.25% of the loan amount d) 2.00% of the loan amount
29. Who of the following can be appointed as Auto Loan Counselors?a) Retired Officers of the Bank b) SBI Customers and others with
certain qualificationsc) Car Dealers d) A & b above
30. Auto Loan Counselors will be paid an incentive of _______ of the car loanamount for the proposal sourced and sanctioned.a) 0.10% b) 0.20%c) 1.00% d) 2.00%
31. What is the maximum loan amount for new car loans?a) Rs.15 lakhs b) Rs.25 lakhsc) Rs.50 lakhs d) No ceiling
32. What is the maximum loan amount for used car loans?a) Rs.5 lakhs b) Rs.10 lakhsc) Rs.15 lakhs d) Rs.20 lakhs
33. What is the minimum NAI for pensioners to apply for a car loan?a) Rs.75000/- b) Rs.250000/-c) Rs.150000/- d) Rs.175000/-
34. What is the repayment cycle in car loans?a) 10th of the following month for
loans disbursed up to 15th of themonth on which the loansanctioned
b) 20th of the following month for loansdisbursed up to 16th of the month onwhich the loan sanctioned
c) (a) and (b) are correct d) Coincide with the date on whichborrower’s major income flowhappens.
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35. Which mode of disbursement is correct in case of car loans?a) Direct credit into dealer’s
account, if dealer maintainstheir account with us
b) Through RTGS/NEFT if dealermaintain their account with otherbanks.
c) Through DD/BC d) (a) and (b) are correct36. What types of facilities are available under SBI Combo Loan Scheme?
a) Only OD b) Composite Term Loanc) Only TL d) Both TL & OD
37. What is the repayment period of used cars?a) 5 Years b) 7 Yearsc) 7 Years from the date of original
purchased) 5 years from the date of original
purchase.38. The maximum car loan amount that can be granted to agriculturists is restricted to
_____________ times of Net Annual Incomea) 2 times NAI b) 4 times of NAIc) 2.5 times NAI d) 3 times of NAI
39. The concessionary margin of 10% (loan of 90% of On-Road price) will availablein case of customers under salary package/ tie-up up to NAI of ---a) Rs.10.00 lakhs b) Rs.15.00 lakhsc) Rs.12.00 lakhs d) Irrespective of income amount
40. Where a check-off from the reputed employer is available the sanctioningauthority has discretion to reduce the margin by ---% in used cars financinga) 1% b) 2%c) 3% d) 5%
41. Pre Payment Penalty for loan sanctioned under Used Car financing……a) No Penalty b) 1.00%c) 2.00% d) 0.50%
42. What is the Penalty for Non-Registration /Non-Hypothecation of Vehicle - If theborrower fails to get the vehicle registered, with hypothecation charge in favour ofthe Bank, within 120 days?a) Rs.4000+ST b) Rs.5500+STc) Rs.6000+ST d) Rs.5000+ST
43. Periodical inspection frequency for ‘Standard’ car loansa) Quarterly b) Monthlyc) Waived after initial inspection d) Yearly
44. What is the minimum EMI/NMI percent in case of car loan applicant having NAIup to Rs.5 lakhs?a) 40% b) 50%c) 55% d) 60%
45. What is the rate of concession in EMI/NMI for car loans in case of tie-ups withreputed PSU/Corporate institutions for applicants with Net Annual Income up toRs.5 lakhs?a) 40% b) 50%c) Since withdrawn d) 70%
46. Which of the following repayment method is correct in case of car loan sanctionedto agriculturists?a) Half year installments b) EMI methodc) Yearly installments d) As per Agriculture Harvesting year
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47. Under SBI Combo Loan scheme, the following loans can be sanctioned at a time.a) Car and Tractor b) 2 Carsc) Car and 3 wheeler d) Car and Two wheeler
48. Insurance of the car should be done in the name of borrower?a) Comprehensive insurance for
market valueb) At least 10% above loan amount
c) Higher of a or b d) None of these49. The income of the following can be clubbed with that of the applicant for a car
loan?a) Spouse b) Father, Motherc) Brother, sister d) Any of the above
50. How many applicants can be considered in the car loan?a) Only 1 b) Maximum 2c) Maximum 3 d) Maximum 4
51. What is the maximum cost of accessories to be financed?a) 5% of the cost of vehicle b) Rs.50000/-c) Lower of a or b d) Only a
52. What is the minimum processing charge for car loan? (----+ST)a) 500/- b) 950/-c) 2000/- d) 2500/-
53. What is the maximum processing charge for car loan? (----+ST)a) 5000/- b) 9100/-c) 15000/- d) 20000/-
54. What is the rate of processing charges for a car loan?a) 1.00% b) 0.75%c) 0.50% d) 0.25%
55. In the case of short-term promotional drives, the G. M. Of Network can reduce theprocessing fee of car loans up to?a) 25% b) 50%c) 75% d) 100%
56. What is the name of the website developed by the Ministry of Road Transport &Highways (MoRTH)?a) Vahan.nic.in b) Vehicle.nic.inc) Morth.nic.in d) None of the above
57. As per recent instructions, the loan tenor of a car loan can be extended up to_______ years if interest rates on the existing loans go up and the EMIs are leftunchanged.a) 8 years b) 9 yearsc) 10 years d) 12 years
58. Who will be the borrower in case of NRI Car loan scheme?a) Resident Indian b) NRIc) Resident Indian & NRI d) Only NRI
59. Who will be guarantor in case of NRI Car loan scheme?a) Resident Indian b) NRIc) Both (a) & (b) d) NRI & employer
60. What is the percent of margin under NRI CAR loan scheme?a) 5% b) 10%c) 15% d) 20%
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61. The sanctioning authority of NRI car loan will have discretion to reduce margin by_____% where check off from a reputed employer is availablea) 5% b) 10%c) 20% d) 30%
62. What is the minimum NMI/NAI of the guarantor under NRI car loan scheme?a) $ 500 NMI or $ 10000 NAI b) $ 1000 NMI or $ 12000 NAIc) $ 1200 NMI or $15000 NAI d) $1500 NMI or 18000 NAI
63. How the eligible Loan amount is calculated under NRI car loan?a) 6 times NMI or 0.5 times NAI b) 12 times NMI OR 1 time NAIc) 18 times NMI or 1.5 times NAI d) 24 times NMI or 2 times NAI
64. What is the minimum loan amount under car loan overdraft facilitya) 3.00 lacs b) 5.00 lacsc) 10.00 lacs d) 7.00 lacs
65. EMI of the Car Loan may be reduced once during its tenure, if the account is aStandard Asset and the loan outstanding is at least………..…………..andthe interest rate reduction is of 1% or more.a) Rs. 2.00 Lacs b) Rs. 3.00 Lacsc) Rs. 4.00 Lacs d) Rs. 5.00 Lacs
66. What is NAI under High value Super Bike Loan scheme for salaried / agriculturist/ Self-employed, Professionals, Proprietary/Partnership firms and Businessmena) 4 lacs b) 3 lacsc) 6 lacs d) 5 lacs
67. The cut-off score for clear sanction under revised car loan scoring modelis……………………………...a) 66 and above b) 76 and abovec) 85 and above d) 86 and above
68. Eligibility criteria to avail car loan by Ex-servicemen Clerical Staff are minimum 5years service including that in Armed forces, but subject to completion of………………….confirmed service in the Bank.a) 6 months b) 1 yearc) 2 years d) 3 years
69. As per revised Car Loan Scoring Model, a loan application may be declined if itsscore is …………..& belowa) 65 b) 75c) 85 d) None of the above
70. What is the minimum loan amount under High Value Super Bike Loan scheme?a) Rs.2.00 Lakhs b) Rs.3.00 Lakhsc) Rs.4.00 Lakhs d) Rs.5.00 Lakhs
71. The car loan product offered to our existing home loan borrowers is ……a) Loyalty Car Loan b) Freedom Car Loanc) Luxury Car Loan d) Home Car
72. Loan amount under Loyalty car Loana) 100% of ex showroom price b) 100% of on road pricec) 85% of ex showroom price d) 85% of on road price
73. Extension of EM not required for loans upto Rs._____ under Loyalty Car LoanSchemea) 10 lacs b) 3 lacsc) 5 lacs d) 7 lacs
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74. Processing fee under Loyalty Car Loan Schemea) 0.50% b) 0.20%c) 0.55% d) 0.25%
75. Loyalty car loan is applicable to home loan borrowers who have regularly repaidthe loan for ___ year after moratoriuma) 1 year b) 5 yearsc) 2 years d) 3 years
76 What the maximum cost allowed towards accessories under Used Car LoanScheme?a) 5% of the cost of vehicle or
Rs.10000/-b) 5% of the cost of vehicle or
Rs.25000/-c) 10% of the cost of vehicle or
Rs.10000/-d) Not allowed under the scheme.
77 The Minimum NMI/NAI under Two Wheeler Loan Scheme is……….a) Rs.6,250/- & Rs.75000/- b) Rs.10,000/- & Rs.1,20,000/-c) Rs.12,500/- & Rs.1,50,000/- d) Rs.15,000/- & Rs.1,80,000/-
78 The Minimum and Maximum Loan Amount under Two Wheeler Loan Scheme…a) Min Rs. 10,000/-, Max : <Rs
3.00 lacsb) Min Rs. 25,000/-, Max : <Rs 3.00 lacs
c) Min Rs. 50,000/-, Max : <Rs3.00 lacs
d) Min Rs. 30,000/-, Max : <Rs 3.00 lacs
79 The Margin Stipulated under Two Wheeler Loan Scheme is….a) 15% b) 20%c) 25% d) No Margin required
80 Maximum repayment period under Two Wheeler Loan Scheme is….a) 24 months b) 36 monthsc) 48 months d) 60 months
81 Processing fee under Two Wheeler Loan Scheme is….a) 0.50% + ST b) 1.00% + STc) 1.50% + ST d) No Processing fee for two wheelers
82 Maximum Dealer commission payable under Two Wheeler Scheme…..a) 2.50% of the loan amount
(inclusive of Service Tax)b) Maximum restricted to Rs.2500/-
c) Either (a) or (b) d) No such payment
83 What is the security need to be provided by the borrower under NRI Car Loan….a) 20% of the Loan amount b) 35% of the Loan amountc) Waived d) 25% of the Loan amount
84 Post disbursement inspection of vehicle must be carried out within …….. from thedate of disbursement in respect of auto loans.a) 15 days b) 30 daysc) 60 days d) 90 days
85 It was permitted in respect of car loans below Rs……., to have on record,insurance policy obtained for the 1year at the time of purchase and do away withthe practice of collecting copies of policies for subsequent renewals, if theaccount remains ‘Standard’
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a) Rs.10.00 Lakhs b) Rs.20.00 Lakhsc) Rs.15.00 Lakhs d) Copy to be obtained every year
86 CICs (Credit Information Companies) score is not applicable to the followingcategory while deciding Rate of Interest in Car Loans…..a) Corporate Salary Package
customersb) Other than Corporate Salary Package
customersc) Business People d) No such instructions
87 The periodicity of verifying registration details of a vehicle/car in Vahan.co.inwebsite within in ………a) 30 days from disbursement b) re-verify the hypothecation details
each time when account slips to NPAc) 60 days from disbursement d) Both (a) & (b)
88 In terms of extant instructions, operating units have to obtain Credit InformationReports from two Credit Information Companies for the Car Loan ………….a) Limit above Rs.3.00 Lakhs b) Limit above Rs.4.00 Lakhsc) Limit above Rs.5.00 Lakhs d) No such instructions
89 Credit Information Companies in India at present are……..a) Credit Information Bureau
Limited(CIBIL)
b) Equifax Credit Information ServicesPvt Ltd (ECISPL)
c) Experian Credit InformationCompany of India Ltd(ECICIPL)
d) CRIF Highmark CreditInformation Services PvtLtd(HMCISPL)
e) All are correct
90 Which of the following CIC’s report is the primary report including loans toagriculturists for sanction of Car Loans?a) CIBIL b) Experianc) CRIF Highmark d) Equifax
CAR LOAN – ANSWERS
1 d 2 d 3 c 4 C 5 c 6 d 7 d 8 d 9 d 10 d11 d 12 d 13 a 14 B 15 d 16 c 17 a 18 c 19 b 20 a21 b 22 a 23 b 24 d 25 a 26 a 27 d 28 a 29 d 30 b31 d 32 c 33 b 34 d 35 d 36 c 37 c 38 d 39 d 40 d41 a 42 d 43 c 44 b 45 c 46 b 47 d 48 c 49 d 50 b51 c 52 b 53 b 54 c 55 b 56 a 57 a 58 b 59 a 60 c61 a 62 b 63 c 64 a 65 d 66 c 67 d 68 c 69 c 70 b71 a 72 b 73 a 74 d 75 a 76 b 77 c 78 d 79 c 80 b81 c 82 d 83 c 84 a 85 b 86 a 87 d 88 c 89 e 90 a
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EDUCATION LOANS
Prepared by B .Chalamji Manager (Training)
1 For securing Education loan which of the following documents is mandatory forboth the student and parent/guardiana) Ration card b) PAN cardc) Passport d) Voter ID
2 Our Educational loan scheme does not covera) Within India b) Foreign Studyc) Distance Education d) None of the above
3 Expenses for like study tours, project work, thesis, etc. can be considered forloan subject to the condition that these should be capped at ____ of the totaltuition fees payable for completion of the course.a) 40% b) 35%c) 20% d) None of the above
4 Cost of a two-wheeler upto Rs. ___________ can be included in the expensesconsidered eligible for finance where the loan amount is secured by a suitablethird party guarantee and/or tangible collateral security.a) 1,00,000/- b) 45,000/-c) 50,000/- d) None of the above
5 Educational loan Quantum of finance____?a) Rs.10 lacs for studies in India &
Rs.30 lacs for studies abroadb) Rs.15 lacs for studies in India &
Rs.30 lacs for studies abroadc) Rs.20 lacs for studies in India &
Rs.10 lacs for studies abroadd) None of the above
6 Borrower Margin for Education loans of above Rs.4.00 lakhs?a) Studies in India: 10%
Studies abroad: 15%b) Studies in India: 5%
Studies abroad: 15%c) Studies in India: 10%
Studies abroad: 15%d) None of the above
7 Security for Education loan up to Rs.7.5 lakhs?a) NIL b) Coobligation of parent(s) & No
Securityc) Third party guarantee d) None of the above
8 Which branch is identified as Nodal branch in respect of education loan foreconomically weaker sections for submission of claims under the schemea) New Delhi Main branch b Kolkata Main branchc) Mumbai main branch d Chennai Main branch
9 What is the repayment period under SBI student loan? After commencement ofrepayment….a) 7 years b) 15 yearsc) 10 years d) 12 years
10 What is the margin in Scholar loan?a) Up to Rs.4.00 Lakhs – NIL b) Above Rs.4.00 Lakhs & Up to
Rs.7.50 Lakhs – 5%c) 15% d) Both (a) & (b) are correct
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11 What is the security for loan above Rs. 7.5 lakhs under SBI student loan?a) Co-obligation of parents b) Tangible collateral security.c) TPG d) Both a) & b
12 What is the rate of interest concession if full interest is repaid during moratoriumperiod?a) 1% b) 1.5%c) 1.75% d) 2.00%
13 What is the processing fee for loans up to Rs.7.5 lakhs?a) 0.5% b) 0.75%c) 1.00% d) Nil
14 What is the maximum loan under SBI Scholar scheme?a) Rs.15.00 lakhs b) Rs.20.00 lakhsc) Rs.25.00 lakhs d) Rs.30.00 lakhs
15 For availing loan under SBI Education plus the applicant must be permanentemployee with ____ years of service?a) 1 b) 2c) 3 d) The scheme was withdrawn
16 In SBI Scholar Loan which of the following institutions were added under List - Ba) Army Institutions b) Navy Institutionsc) Air Force Institutions d) All the above
17 The eligibility criteria for Education counselor/ agency ……..a) Should operate from his/ her
place. Bank will not provide anyoffice
b) Should have been into this businessfor minimum 3 years
c) Only B d) Both (a) & (b)18 Budged applications to be sourced by Education counselor/ agency during the
year ….a) 20 b) 30c) 40 d) 50
19 What is the limit of Education loan that can be classified as priority sectoradvance for studies in India?a) Rs.5.00 lakhs b) Rs.10.00 lakhsc) Rs.15.00 lakhs d) Rs.20.00 lakhs
20 What is the limit of education loan that can be classified as priority sectoradvance for studies abroad?a) Rs.10.00 lakhs b) Rs.15.00 lakhsc) Rs.20.00 lakhs d) Rs.25.00 lakhs
21 What is the limit up to which education loans are eligible for interest subsidyduring moratorium for students from economically weaker sections with annualgross parental/family income up to Rs.4.50 lakhsa) Rs.2.00 lakhs b) Rs.5.00 lakhsc) Rs.7.00 lakhs d) Rs.10.00 lakhs
22 SBI Student loan scheme is sanctioned asa) Overdraft b) Term Loanc) Both d) None of the above
23 What is the repayment period of education loans sanctioned to wards of staff?a) 60 months b) 84 monthsc) 108 months d) 120 months after moratorium
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24 Which of the following statements about SBI student loan is correct?a) No qualifying marks stipulated in
the last qualifying examinationb) Admission through management
quota may be considered.c) Evening courses of approved
institutesd) All of these
25 Which courses are not eligible under SBI student loan scheme?a) Vocational training & skill
development study coursesb) Medical courses in USSR, China,
Nepal &other countries notrecognized by Medical council ofIndia.
c) Courses conducted byuniversities through distancemode of learning.
d) All of these
26 What is the maximum no. of loans in a family under the scheme?a) 1 b) 2 onlyc) 3 only d) No ceiling
27 2% penal interest to be charged for loans of Rs. ---- for the overdue amount andoverdue period?a) 2 lacs b) Above 2 lakhsc) 4 lakhs d) Above 4 lakhs
28 Which of the following expenses can be considered for arriving at loan amount?a) Fee payable to college/hostel
including examination fee.b) Expenses like study tours, project
work, theses etc.c) Purchase of computers d) All of these
29 What is the repayment holiday/moratorium under SBI student loan?a) Course period + 1 year b) Course period + 6 months after
getting jobc) Course period only d) Course period+ 1 year or 6 months
after getting job whichever is earlier30 Loan applications under SBI student loan have to be disposed off within a period
of ---- days?a) 7 days b) 7 weeksc) 9 days d) 15 days
31 The processing of education loan applications should be monitored by thecontrollers and RACPCs on ------ basis?a) Daily b) Weeklyc) Fortnightly d) Monthly
32 What is the maximum age limit prescribed for the students availing the loan?a) 21 years b) 25 yearsc) 30 years d) No age limit
33 Application for educational loan should not be rejected without the concurrenceofa) BM b) AGMc) GM d) Next higher authority.
34 “No Dues” Certificate need not be insisted upon as a pre-condition forconsidering education loan.a) True b) Falsec) Can’t Say d) None of these
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35 Loan applications received and disposed off register should be properlymaintaineda) True b) Falsec) Can’t Say d) None of these
36 Our branches can issue the capability certificate for the students going abroadfor higher studiesa) True b) Falsec) Can’t Say d) None of these
37 Government of India has formulated a scheme of providing Interest Subsidy forEducation Loans of students of Economically Weaker Sections whoseparental/family gross Annual Income is up to Rs.__________a) Rs.1.00 lac b) Rs.2.50 lacsc) Rs.3.00 lacs d) Rs.4.50 lacs
38 Concession in interest for girl students availing SBI student loan and SBIScholar loan w.e.f. 02.03.09 isa) 1.00 % b) 0.75 %c) No concession d) 0.50 %
39 Maximum Loan Amount for Studies Abroad is?a) Rs 20.00 lacs b) Rs 25.00 lacsc) Rs 30.00 lacs d) Rs 50.00 lacs
40 For the purpose of reporting Priority Sector Lending, loans up to Rs. ____ Lacsfor studies abroad will only be taken into consideration.a) Rs.20 lakhs b) Rs.25 lakhsc) Rs.30 lakhs d) Rs.50 lakhs
41 Under ‘SBI Loan Scheme for Vocational Education and Training’ quantum offinance for course duration up to 6 months is subject to the ceiling ofa) Rs 25,000/- b) Rs 50,000/-c) Rs 1,00,000/- d) Rs 2,00,000/-
42 Under ‘SBI Loan Scheme for Vocational Education and Training’ quantum offinance for course duration above 6 months is subject to the ceiling ofa) Rs 50,000/- b) Rs 1,00,000/-c) Rs 2,00,000/- d) Rs 2,50,000/-
43 The margin % stipulated under ‘SBI Loan Scheme for Vocational Education andTraininga) 5% b) 10%c) 15% d) NIL
44 Moratorium Period under SBI Loan Scheme for Vocational Education andCourses Training, of duration up to 1 year ?a) 3 months from the completion
of the courseb) 6 months from the completion of
the coursec) 9 months from the completion of
the coursed) 12 months from the completion of
the course45 Moratorium Period under SBI Loan Scheme for Vocational Education and
Courses Training, of duration above 1 year ?a) 3 months from the completion of
the courseb) 6 months from the completion of
the coursec) 9 months from the completion of
the coursed) 12 months from the completion of
the course
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46 Repayment Period under SBI Loan Scheme for Vocational Education andCourses Training, of duration up to 1 year ?a) 3 years b) 5 yearsc) 7 years d) 10 years
47 Repayment Period under SBI Loan Scheme for Vocational Education andCourses Training, of duration above 1 year?a) 3 years b) 5 yearsc) 7 years d) 10 years
48 Under SBI Scholar Loan scheme, enhanced maximum loan limit without anytangible collateral, for List AA, A, B and C category institutes are ________Respectively.a) Rs15lacs, Rs10lacs, Rs7.50 lacs
and Rs.5 lacsb) Rs 30 lacs, Rs20lacs, Rs 20 lacs
and Rs.7.5 lacsc) Rs25lacs, Rs20lacs, Rs 12.5lacs
and Rs.10 lacsd) Rs30lacs, Rs20lacs, Rs15 lacs and
Rs.12 lacs49 Under SBI Scholar Loan scheme, enhanced maximum loan limit with tangible
collateral of full value for List A and C category institutes are ____ respectively.a) Rs15lacs and Rs7.50lacs b) Rs20lacs and Rs 10 lacsc) Rs25lacs and Rs12.5lacs d) Rs30lacs and Rs 30 lacs
50 Maximum repayment period under SBI Scholar Loan?a) Upto 10 years b) Upto 15 yearsc) Upto 12 years d) None of the above
51 Bank has launched New Loan product under Education Loan scheme forpursuing full time regular courses in foreign colleges/universities abroad againstthe collateral security is…..a) SBI Global Ed-Vantage b) SBI Globe Ed-Vantagec) SBI Overseas Ed-Vantage d) SBI Ed-Vantage
52 Minimum & Maximum Loan under SBI Global Ed-Vantage Loan….a) Rs.10.00 Lakhs & Rs.1.00 Cr b) Rs.15.00 Lakhs & Rs.1.50 Crsc) Rs.20.00 Lakhs & Rs.1.00 Cr d) Rs.20.00 Lakhs & Rs.1.50 Crs
53 Processing Fee under SBI Global Ed-Vantage Loan….a) Rs.5,000/- per application b) Rs.7,500/- per applicationc) Rs.10,000/- per application d) No Processing Fee
54 What is the margin required under SBI Global Ed-Vantage Loan….a) 5% with each disbursement b) 10% with each disbursementc) 15% with each disbursement d) No Margin
55 What are the security norms under SBI Global Ed-Vantage Loan….a) 100% of loan amount for liquid
securitiesb) Land /Building at 110% of loan limit
+ simple interest during the courseand moratorium
c) Either (a) or (b) d) None of the above56 Maximum moratorium period allowed under SBI Global Ed-Vantage Loan….
a) 24 months after completion ofcourse
b) 12 months after completion ofcourse
c) 6 months after completion ofcourse
d) No moratorium period under thisscheme
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57 SBI Global Ed-vantage Loan is sanctioned at……..a) All branches b) BPR Branches onlyc) RACPC/RASMECC d) Only at designated branches
58 Name the trust established by Government of India through Ministry of HumanResource Development (MoHRD) to guarantee Education Loans up to Rs.7.50Lakhs…a) Credit Guarantee Fund for
Education Loans (CGFEL)b) Credit Guarantee Fund for Skill
Development (CGFSD)c) Credit Guarantee Fund for
Factoring (CGFF)d) None of the above
59 What is the maximum repayment period under SBI Global Ed-vantage Loan….a) 8 years b) 10 yearsc) 12 years d) 15 years
60 What is the minimum and maximum incentive payable to Education counselor/agency on each disbursementa) 0.25% & 2.00% b) 0.50% & 2.00%c) 0.75% & 2.00 d) 1.00% & 2.00%
EDUCATION LOAN – ANSWERS
1 b 2 c 3 c 4 c 5 a 6 b 7 a 8 c 9 b 10 d
11 b 12 a 13 d 14 d 15 d 16 a 17 d 18 d 19 b 20 a
21 d 22 b 23 d 24 d 25 d 26 d 27 d 28 d 29 a 30 d
31 b 32 d 33 d 34 a 35 a 36 a 37 d 38 d 39 c 40 a
41 b 42 b 43 d 44 b 45 d 46 a 47 b 48 b 49 d 50 b
51 a 52 d 53 c 54 b 55 c 56 c 57 d 58 a 59 d 60 c
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OTHER PER SEGMENT LOANSLOANS AGAINST BANK DEPOSITS/ SHARES/ GOLD LOANS/ NSCs
Prepared by B.Chalamaji Manager (Training)
1 How many Demand Loans can be sanctioned against same TDR/STDR withinthe overall permissible amount?a) One b) Twoc) Three d) Four
2 In special cases, the AGM/RM can permit ____ loan against the same TDR/STDR within the overall permissible amounta) Second b) Thirdc) Fourth d) Fifth
3 The maximum amount that can be sanctioned against security of shares isa) 5 lacs b) 20 lacs in demat form and 10
lacs for physical sharesc) 50 lacs d) No limit
4 What is the margin prescribed for advances against shares granted for thepurpose of acquiring new shares?a) 50% b) 40%c) 33 1/3% d) 75%
5 The maximum Gold Loan amount that can be sanctioned under SBI PersonalGold Loana) Rs.1.00 lac b) Rs.5.00 lacsc) Rs.20.00 lacs d) No limit
6 Minimum age limit for sanction of Personal Gold Loan?a) 18 years & above b) 21 years & abovec) 25 years & above d) None of these
7 Maximum repayment period under Personal Gold Loan?a) 36 months b) 12 monthsc) 30 months d) None of these
8 Margin under Personal Gold Loan Scheme?a) 30% b) 65%c) 25% d) None of these
9 The loan against debentures to be liquidated within?a) 36 months b) 30 monthsc) 24 months d) None of these
10 If outstanding of loan against shares exceed Rs ______the shares should betransferred in Bank’s favoura) 20 lacs in Demat form 10 lacs
Physicalb) 15 lacs
c) 20 lacs d) 25 lacs11 Charge created on Shares/ debentures?
a) Hypothecation b) Pledgec) Assignment d) None of these
12 The surrender value of an LIC policy is Rs 10,000/-. How much loan can besanctioned?
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a) 9,000/- b 9,500/-c) 10,000/- d) 5,000/-
13 How much % of face value and accrued interests of an NSC can be sanctionedas loana) 50% b 60%c) 75% d) 85%
14 Maximum repayment period of loan sanctioned against sharesa) 24 months b 30 monthsc) 36 months d) 60 months
15 ____% of Face value and accrued interest can be sanctioned to staff memberswhile sanctioning loan against NSCsa) 65% b) 85%c) 75% d) 100%
PENSION LOANS:
16 For availing Pension loan maximum age should not exceed?a) 70 years of age b) 76 years of agec) 72 years of age d) None of these
17 Minimum loan amount under Pension loan for Pensioners & Family pensioners?a) Rs.50,000/- b) Rs.25,000/-c) Rs.1,00,000/- d) 10%
18 Maximum loan amount under Pension loan scheme for pensioners ?a) 18 months Pension b) Maximum Rs.14 lacsc) Both of the above d) None of the above
19 Maximum loan amount under Pension loan scheme for Family pensioners ?a) 18 months Pension b) Maximum Rs.5 lacsc) Both of the above d) None of the above
20 Maximum age limit at the time of full repayment for Pensioners & Familypensioners ?a) 78 years b) 80 yearsc) 84 years d) None of the above
21 ____ % margin should be met by pensioner while availing a pension loan?a) 15% b) 10%c) 5% d No margin
XPRESS CREDIT:
22 Under Xpress Credit Loan Scheme, the maximum loan amount for SchoolTeachers shall be a maximum of…….…a) 12 times NMI b) 24 times NMIc) 36 times NMI d) 48 times NMI
23 Apart from “PAN Verification, the Xpress Credit proposals should be processedthrough ‘LOS’ without any exception to ensure ………a) CIBIL Defaulters b) Validation under Risk Scoringc) De-dupe Check d) All of these
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24 Respective RM, RBO to the DGM(B&O) will certify _______ that all ControlReturns in respect of Xpress Credit Loans sanctioned by the Branchesunder their control up to the end of previous month have been scrutinized andfound in order.a) Monthly b) Bi-monthlyc) Quarterly d) Half yearly
25 Minimum NMI for sanction of Xpress Credit Loan?a) Rs.3,000/- b) Rs.5,000/-c) Rs.7,500/- d) Rs.10,000/-
26 Minimum & Maximum loan under Xpress Credit Term Loan?a) Rs.24,000/- & Rs.15 lacs b) Rs.50,000/- & Rs.15 lacsc) Rs.25,000/- & Rs.15 lacs d) None of these
27 Minimum & Maximum loan under Xpress Credit Overdraft?a) Rs.5 lacs & Rs.15 lacs b) Rs.10 lacs & Rs.15 lacsc) Rs.1 lac & Rs.15 lacs d) None of these
28 Maximum loan amount for Employees of Govt. Aided Schools under XpressCredit Scheme?a) Maximum 6 months Gross Salary b) Maximum 12 months Net Salaryc) Maximum 12 Months Gross
Salaryd) None of these
29 Minimum & Maximum repayment period under Xpress Credit Scheme?a) 6 months & 60 months b) 12 months & 60 monthsc) 24 months & 60 months d) None of the above
30 What is the periodicity and other conditions for sanction of 2nd loan underXpress Credit?a) 1 year after disbursement b) 1st loan is being satisfactorily
conductedc) More than 2 loans cannot be
outstanding at a timed) All of these
31 Prepayment penalty for Xpress Credit?a) Rs.10,000/- b) 2% on the prepaid amountc) 3% on the prepaid amount d) No Prepayment penalty
32 With a view to further increase our market share in the Unsecured PersonalLoans, a new product launched under Xpress Credit Loan Scheme which isespecially designed for Senior Officials working in Central/ State Governmentsestablishments, Quasi Government Bodies, PSUs, Defence. The Product Nameis….a) Xpress Elite b) Xpress Delightc) Xpress Premium d) Xpress Pride
33 The minimum Gross Monthly Income (GMI) of the employee to avail Loan underXpress Elite should be….a) Rs.50,000 b) Rs.60,000c) Rs.75,000 d) Rs.1,00,000
34 What is the Minimum and Maximum Loan under Xpress Elite Product?a) Rs.3.00 Lakhs & Rs.20.00 Lakhs b) Rs.4.00 Lakhs & Rs.20.00 Lakhsc) Rs.5.00 Lakhs & Rs.20.00 Lakhs d) Rs.3.00 Lakhs & Rs.15.00 Lakhs
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LOAN POLICY GUIDELINES:
35 SBIs Loan Policy is applicable to?a) All lending b) All domestic lendingc) All foreign lending d) None of these
36 What is CRA?a) Credit Risk Assessment b) Credit Realisation Assessmentc) Customer Risk Assessment d) None of these
37 Maturity of a Term Loan should not normally exceed?a) 8 years b) 10 yearsc) 9 years d) None of these
38 Repayment of PER Segment loans is generally on the basis of?a) Post Dated Cheques b) Standing Instructionsc) Equated Monthly Installment d) None of these
39 Take over in respect of PER Segment loans is restricted to?a) Housing Loans b) Car Loansc) Both of the above d) None of these
40 During Pre-Sanction, the bank official has to visit…….a) Residence of the Borrower/
Guarantorb) Work place of the Borrower/
Guarantorc) Actual site/ Builder in case of HL d) All of these
41 Marginal Cost of Funds based Lending Rate (MCLR) system was introducedw.e.f.a) 01.04.2016 b) 01.07.2016c) 01.01.2016 d) None of these
42 Penal Interest should not be charged for priority sector loans up to?a) Rs.50,000/- b) Rs.25,000/-c) Rs.1,00,000/- d) None of these
43 Certain documents like Will, Mortages (other EMs) are to be witnessed by?a) 3 persons b) 2 personsc) 1 person d) None of these
44 Credit Information Report is used for assessment of borrower’s ?a) Past payment behaviour b) Current capability to service the
loanc) Both of the above d) None of these
45 Account status “BLANK” in CIBIL report indicates?a) The oustandings in the account
has not been written offb) Suit Filed
c) Written off d) None of these
46 Credit Information Companies in India other than CIBIL ?a) Equifax Credit Information
Services Pvt. Ltdb) Experian Credit Information
Company of India Ltd.c) Highmark Credit Information
Services Pvt. Ltdd) All of these
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47 Bank cannot grant any loans and advances on the security of its own sharesunder Section ……of the Banking Regulation Act, 1949.a) 20(1) b) 20(a)c) 20(2) d) 20(b)
48 Unconditional Cancellability clause, which gives the Bank the right to cancel thesanctioned limit without reference to the borrower at any time…a) True b) Falsec) Bank doesn’t get such right d) None of the above
49 Grant of advance against NR (E) and FCNR(B) deposits would be subject to theguidelines issued under…..a) Banking Regulation Act, 1949 b) State Bank of India Act,1955c) RBI Act, 1934 d) Foreign Exchange Management
Act, 199950 Under Takeover Loans for exposure from Rs. 25 lacs and above to less than Rs.
10 crores, CRA of the borrower should bea) SB-6 or better. b) SB-7 or better.c) SB-5 or better. d) SB-8 or better.
OTHER P-SEGMENT LOANS - ANSWERS
1 D 2 D 3 B 4 A 5 C 6 B 7 C 8 C 9 B 10 A
11 B 12 B 13 B 14 B 15 B 16 B 17 B 18 C 19 C 20 A
21 D 22 B 23 D 24 A 25 B 26 C 27 A 28 C 29 B 30 D
31 C 32 A 33 D 34 A 35 B 36 B 37 B 38 C 39 C 40 D
41 A 42 B 43 B 44 C 45 A 46 C 47 A 48 A 49 A 50 B
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AGRICULTURE
Compiled By Shri P.Adityudu, Manager (Training)
1 D.C.B register is to be prepared as on what date every year?A 31st May B 30th AprilC 30th June D 31st July
2 Which of the following is one of SBI’S initiatives under “Bonding with Farmers”A Apka Gaon B Hamara GaonC SBI Ka Apna Gaon D Apna Gaon
3 Maximum limit under KCC is ----- LakhsA 15 B 20C 75 D No Limit
4 According to The Ministry of Water Resources, What is the bench markpercentage for exploitation of ground water in respect of white area for irrigationpurposeA Less than 90% B Less than 70%C Less than 80% D Less than 65%
5 SHG financing is based on which committee ?A Kalia Committee B Narasimham CommitteeC Ghosh Committee D Rangarajan Committee
6 What is the Land Holding criteria for Small Farmer ?A 2.5 acres of Wet land and 4
acres of dry landB 2.5 acres of wet land and 5 acres of
dry landC 4 acres of wet land and 2.5
acres of dry landD None of the above
7 Where is ICRISAT locatedA Chandigarh B ChennaiC Bangalore D Hyderabad
8 The Document AB 3 refers to what in agriculture advances ?A Hypothecation Agreement B Gurantee AgreementC Simp Hypothecation
AgreementD Mortgage Deed
9 Which Document is to be obtained from the Agriculture Borrower at the time ofconversion of Crop Loan to Term LoanA AB 1 B AB 7C AB 5 D AB 6
10 What is the validity of KCC Card as per the revised KCC Scheme guidelinesA 4 Years B 6 yearsC 2 Years D 5 Years
11 As per the revised KCC scheme the limit will be stepped up by ----% for everysuccessive year(2nd, 3rd, 4th and 5th year)A 10% B 20%C 15% D 25%
12 Under the KCC Scheme, Maintenance expenses can be included in the over alllimit to a maximum extent of ----% of the original limitA 10% B 20%C 15% D 25%
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13 Processing Charges are waived upto what limit in Kisan Credit Card Scheme ?A 2 lac B 1lacC 3 lac D 5 lac
14 Personal Accident Insurance Scheme to KCC Borrowers can be covered uptoMaximum Age ?A 70 Year B 72 YearsC 75 Years D 65 Years
15 Under PAIS to KCC Borrowers what is the ratio of fee borne by Bank & BorrowerA 1:2 B 3:1C 1:3 D 2:1
16 What is the maximum coverage to a KCC Borrower under PAIS, who died due toaccident ?A 50000/- B 25000/-C 75000/- D 100000/-
17 What is the maximum premium to be paid by a KCC Borrower under PAIS ?A Rs.5/- B Rs.15/-C Rs.10/- D None of these
18 In which scheme Self Employed persons such as fishermen, rickshaw owner,handloom weavers and SHGs can be sanctioned Working Capital and Term Loanin same lines of KCC ?A Kisan Gold Card B General Credit CardC Swarojgar Credit Card D Kisan Sarpat Yojana
19 What is the Maximum Quantum of finance can be extended under Kisan GoldCard Scheme ?A Rs.10 lacs B Rs.15 lacsC Rs. 5 lacs D Max. 5 times the annual farm
income/50% value of the landmortgaged less term loanoutstandings/Rs. 10 lacs whicheveris less
20 What is the validity of General Credit Card ?A 3 years B 5 yearsC 4 years D 1 year
21 What is the minimum and maximum quantum of loan that can be sanctioned as amortgage loan to seed processing units ?A Rs.5.00 lacs and Rs.50 lacs B Rs.50.00 lacs and Rs.100 lacsC Rs.5.00 lacs and Rs.100 lacs D Rs.1.00 lac and Rs.50 lacs
22 What is the Margin fixed for mortgage loan to seed processing units ?A 35% B 25%
C 20% D 50%23 What is the maximum amount of advance that can be sanctioned under Produce
Marketing Loan Scheme ?A Rs.10 lacs B Rs. 50 lacsC Rs.30 lacs D Rs.15 lacs
24 What is the margin applicable for loans under PML Scheme issued by privateWarehouses ?A 40% B 5%C 10% D 15%
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25 What is the maximum repayment period in respect of Term Loans for Power TillersA 7 years B 9 yearsC 5 years D 6-7 years
26 What is the Maximum Project Cost for financing of Agri Clinic and Agri BusinessCentres for single agri graduate and group of agricultural graduates respectively ?A 20 lacs, 50 lacs B 25 lacs, 50 lacsC 25 lacs, 100 lacs D 20 lacs, 100 lacs
27 As per the Supreme Court ruling, no advance should be granted to ------- type ofagricultural activityA Sericulture B Advances for cold storagesC Pisci culture D Brackish Water Aquaculture
28 Maximum amount can be sanctioned to a farmer under SBI Krishak UthaanYojana ?A 1 lac B 2 lacC 0.50 lac D 1.5 lac
29 What is the maximum amount can be financed under scheme for financing PrivateCold Storage / Private Warehouses for on-lending to farmers ?A 100 lacs B 200 lacsC 300 lacs D 400 lacs
30 What should be the minimum capacity of cold storage to be considered for financeunder scheme for cold storage/private ware houses for on lending to farmers ?A 2000 mt B 2500 mtC 1000 mt D 5000 mt
31 What is the minimum land criteria for financing a self propelled Combine HarvestorA 8 Acres Irrigated land B 6 Acres Irrigated landC 4 Acres Irrigated land D 2 Acres Irrigated land
32 What should be the minimum usage per annum for Combine Harvestor to becomea viable project, for finance ?A 500 hrs B 1500 hrsC 2000 hrs D 1000 hrs
33 Which type of Alternate Channel product is being provided to KCC Borrower ?A State Bank Gift Card B Green Remit CardC State Bank Kisan Card D State Bank Credit Card
34 What is the minimum land holding should a borrower possess to become eligiblefor finance under Modified New Tractor Loan Scheme ?A 4 Acre B 2 AcreC 1.5 Acre D 1 Acre
35 What is the maximum repayment period under Modified New Tractor LoanScheme ?"A 5 years B 9 yearsC 7 years D 6 years
36 What is the maximum limit/limits for waiver of collateral security as per the revisedKCC Scheme ?A 3 lacs B 1 lacC 2 lacs D 1 lacs and 3 lacs with tie-up
arrangement37 What Flexible Limit can be sanctioned to KCC borrowers, to meet post harvest
expenses, consumption needs, storage cost and small means of investment etc asper the revised KCC Scheme for marginal farmers
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A Rs. 10000/- B Rs.50000/-C Rs.10000/- to Rs.50000/- D None of the above
38 RBI has directed the banks that the shortfall in Agricultural credit of 18% andshortfall in priority sector lending target of 40% should be invested inA RBI B RIDFC PM's Relief Fund D Agriculture Development Fund
39 What is the Bank's reward and recognition scheme to reward the officers whohave excelled in Agri BusinessA The Achiever Award B Green Channel Program for
ExcellenceC The Gold Crown D The Silver Crown
40 What is the maximum loan amount can be financed to a Dairy unit under NewDairy Product under tie-up ?A 1 lacs B 2 lacsC 3 lacs D 10 lacs
41 What is the maximum repayment period for a Dairy unit under New Dairy Productunder tie-up ?A 7 yrs with I month Morotorium B 5 yrs with I month morotoriumC 3 yrs with I month morotorium D 4 yrs with I month morotorium
42 What should be maximum age for a borrower to get a finance under Dairy Plus ?A Below 65 years B Below 70 yearsC Below 60 years D No age limit
43 For a big dairy unit of 10 animals and above applicant should own ----- acres oflandA 1.5 acre B 2 acreC 1 acre for every 5 animals D None of the above
44 No. of persons in a SHG shall not be more than ------- members ?A 20 B 10C 25 D No limit
45 Maximum Credit Limit permissible to an SHG under SHG Credit Card Scheme?A 10 times of corpus B 8 times of corpursC 6 times of corpurs D Rs. 500000/-
46 What is the validity of SHG Credit Card ?A 1 year B 5 yearsC 2 years D 3 years
47 What is the minimum limit amount as per the SHG Gold Card ?A 1 lac B 2 lacC 3 lac D 0.50 lac
48 What is the maximum sub limit amount can be financed for purchasing a BulkChilling Unit for a dairy society under Dairy Plus Society schemeA 2 lac B 3 lacC 4 lac D 1 lac
49 What is the minimum DSCR to sanction a loan under dairy plus scheme ?A 2:1 B 1.75:1C 2.5:1 D None of the above
50 What is the maximum loan amount under SHG finance ?A 4 times the corpus or savings B 8 times the corpus or savingsC 6 times the corpus/savings D 10 times the corpus or saviangs
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51 What should be the collateral value in respect of an agricultural gold loan ?A 110% of advance value B 125% of advance valueC 100% advance value D 150% of advance value
52 Agri OCAS has been rolled out for the following Products of the bankA KCC, PML B KCC, PML, Tractor LoanC KCC, PML, Tractor Loan,Power
TillerD KCC, PML, Tractor Loan,Power
Tiller, Combine Harvestor & PumpSet
53 Crop insurance is required to be done compulsorily for -----A Compulsory for all crops B Not compulsoryC Compulsory for all notified crops D Only Small and M.F crops
54 SBI Krishak Uthaan Youjana aims to provide short term production andconsumption credit to-----A Small and Marginal Farmers
who own agri landB Agriculture Labour
C Tenant farmers, oral lesseesand share croppers
D None of the above
55 What is the margin required for Stree shakti tractor loan with and without collateral.A Only tractor – 25%, For tractor
and implements: 25%B Only tractor – 50%, For tractor and
implements: 50%C Only tractor – 25%, For tractor
and implements: 25% / 50%D Only tractor – 25%, For tractor and
implements: 50%56 What is the minimum hours of work per annum required to get finance under
Tractor Loan Scheme ?A 600 hours B 800 hoursC 1000 hours D 500 hours
57 Instead of obtaining No dues Certificate _______________from the borrower inrespect of KCC/ACC loans will be obtained.A CERSAI registration B Letter from Revenue AuthoritiesC Search Report of the land. D self declaration
58 Margin under AgriAsset Backed Loan isA 10% - 15% B 20% - 25%C 5% to 10% D Nil Margin
59 What is the periodicity for inspection of a Irregular Tractor Loan accountA Quarterly B Half YearlyC Monthly D Annually
60 Combined marks scored under “Hiring potential + percentage of income from alliedactivities” in Tractor scoring model will determine the repayment schedule as:A Below 5 marks – Montly
Rs.1000/- per lakh of loanoutstanding to service interestplus principal at Half yearlyintervals
B 6-10 marks – Montly Rs.1000/- perlakh of loan outstanding to serviceinterest plus principal in quarterlyintervals
C 11-14 marks – Montly EMIcovering principal + Interest
D All the above.
61 What is the name of Bank's Scheme for financing Commission Agents whosupport the farmers to meet their needs at the time of harvest ?
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A Artisan Credit Card B Arthias PlusC General Credit Card D None of the above
62 What is the maximum loan limit that can be sanctioned under Arthias Plus SchemeA Rs. 50 lacs B Rs. 25 lacsC Rs. 20 lacs D Rs. 10 lacs
63 What is the margin for Arthias Plus ?A 25% B 40%C 50% D 15%
64 SHG Linkage is of how many types ?A Three B TwoC Four D One
65 What is the document executed by Authorised representatives of SHG whilefinancing an SHG ?A Hypothecation Agreement B Guarantee AgreementC Inter Se Agreement D Articles of Agreement
66 What is the document executed by all the group members of SHG while financingSHG ?A Hypothecation Agreement B Guarantee AgreementC Inter Se Agreement D Articles of Agreement
67 Inspection Charges on SHG Loans is ______A Rs. 75 per lac B Rs. 100 per lacC 50% of the normal rate D Rs.150 per lac
68 Under SHGs Financing Scheme of Schedule Tribes the max amount of Rs.-------per member subject to a max. limit of Rs. 5.00 lac per groupA 35000 B 50000C 25000 D 75000
69 Under SHGs Financing Scheme of Scheduled Tribes (Refinance by NSTFDC)Bank will charge 6% p.a interest (Fixed) on reducing balance on SHG Loanaccounts and the NSTDFC will charge ------p.a on funds released to the Bank as100%A 5 B 4C 3 D 2
70 As per the revised guidelines Interest subvention entry has to be passed on lastworking day of each -------------- without fail.A Quarterly B Half YearlyC Yearly D Monthly
71 In the revised scoring model maximum no. of marks are given to which parameterA Hiring Potential B Social StatusC Cropping Pattern D Perennial Source of Irrgiation
72 Financing of both Working Capital and Term Loan simultaneously is called as?A Loan Syndication B Composite LoanC Combined Loan D Loan Syndication
73 While financing for crop production in Agriculture the amount of finance per acre iscalled as ?A Working Capital Finance B Crop FinanceC Scale of Finance D None of the above
74 Scale of Finance i.e., amount we sanction per acre under KCC is decided by ?A NABARAD B RBIC AGM of the Region D District Level Technical Committee
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75 The limit in KCC depends on the followingA Farmer, Area, Crop B Farmer, Security, CroppingC Operational Land Holding,
Cropping Pattern, Scale ofFinance
D None of the above
76 In KCC consumption credit is calculated on the followingA Crop Production Limits B Total Limit SanctionedC On allied production needs D On total production needs
77 Minimum Loan under Agri Asset Backed Loan is ?A 3.00 lac B 1.00 lacC 5.00 lac D 2.00 lac
78 The Primary Security in case of KCC isA Hypothecation of Standing
CropsB D P Note
C Charge on Land D Mortgage of Land79 Maximum Loan under Agri Asset Backed Loan is?
A Rs.500 lacs B Rs.200 lacsC Rs.300 lacs D No Ceiling
80 Crop insurance is applicable to which crops ?A All crops B Cereals onlyC Pulses D Crops as decided by GOI for each
district and for each season81 Crop Insurance should be covered by ------
A Month wise B Monthwise , Crop wiseC Monthwise, Crop wise, and
Mandal wiseD Month, Mandal Village and
SF/Big Farmer wise
82 What is the Processing fee on the Agri Asset Backed LoanA 1% of the Limit B 0.75% of the LimitC 0.50% of the Limit D 1.50% of the Limit
83 KCC is sanctioned for the following purposesA Crop production needs B Allied Production needsC Miscellaneous needs D All the above
84 In contract Farming with the Tie Up Arrangement obtention of collateral security iswaived upto Rs.-------A 2 lacs B 1 lacC 3 lacs D 5 lacs
85 In Agricultural Term Loans, collateral is waived upto a limit of Rs.A 5 lac B 3 lacC 2 lac D 1lac
86 In Agriculture Term Loans where movable assets are not created out of bankfinance what is the limit above which collateral security is obtained ?A 1 lac B 0.20 lacC 0.50 lac D 2.00 lac
87 In Kisan Gold Card (KGC) how many number of loans can be sanctioned to asingle borrower ?A 3 B 4C 5 D 6
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88 In personal accident insurance what is the time limit within which the nominee ofthe injured has to report to the concerned bank ?A With in 1 week B Within 10 daysC Within 15 days D Within 30days
89 The corpus fund in SHG does not include the following ?A Cash in Hand B Bank LoanC Cash in their Savings Account D Internal Loan outstanding with the
borrowers90 Government of India is providing Interest Subvention to Short term agriculture
advances toA Only commercial banks B Commercial banks, RRBsC Commercial Banks, RRBs, and
Cooperative BanksD None of the above.
91 In Agriculture Cash Credit interest @7% is charged upto a limit of Rs.A 1 lakh B 3 lakhC 5akh D 2 lakh
92 RIDF stands forA Rural India Development Fund B Rural Integrated Deposit FundC Rural Industrial Development
FundD Rural Infrastructure Development
Fund93 NABARD prepares --------plan taking into consideration the potentials available in
the district before preparing the annual credit plan ?A Potential Credit Plan B Annual Credit PlanC Service Area Credit Plan D Potential Linked Credit Plan
94 Inspection charges for advances to weaker sections ?A No charges B 25% of actual chargesC 75% actual charges D 50% of actual charges
95 In agriculture advances, detailed opinion is compiled on borrowers whoseaggregate credit limits are more than Rs.A 2 lac B 3 lacC 0.50 lac D 0.25 lac
96 AB1 Simple Documentation is obtained for borrowers whose limits are -------A Upto 0.50 lac B Upto 2 lacC Upto 1 lac D Upto 3 lac
97 The minimum amount in KCC for take over -------A 1 lac B 2 lacC 3 lac D 5 lac
98 Demand Collection Balance Register is maintained forA CC & ACC accounts B KCC AccountsC ATL Accounts D ACC/KCC/ATL accounts
99 What is meant by mixed farming ?A Growing more than 1 crop B Growing crops on community basisC Growing crops and allied
activitiesD None of the above
100 In Agricultuer, Document AB 6 refers toA Revival Letter - borrower B Revival Letter GurantorC Guarantee Deed D Letter sent to Borrower by Bank if
the loan is not repaid on due date
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101 Stamp duty for AB 1 in case of agriculture cash credit where the loan is securedby mortgage crop is --------% of loan amount or maximumA 0.5% B 0.6%C 2% D 2.%
102 Annewari indicatesA Cropping pattern B RainfallC Land Cess D The extent to which crops are
damaged due to natural calamity103 What does AB 4 refer to ?
A Notice to Borrower B Notice to GuarnatorC Revival Letter - Borrower D Revival Letter - Guarantor
104 Which segmental advances will be covered under Differential Interest RateScheme 1971A SSI B SBFC Agri D All of these
105 What is the annual family income criteria for Urban and Semi Urban areas tobecome eligible for finance under DIR Scheme ?A Rs.40,000/- B Rs.24,000C Rs.30,000/- D None of these
106 What is the annual family income criteria for Rural area, to become eligible forfinance under DIR Scheme ?A Rs.20,000/- B Rs.22,000/-C Rs.18,000/- D Rs.25,000/-
107 What is the revised or enhanced loan ceiling under DIR Scheme ?A Rs.15,000/- B Rs.25,000/-C Rs 20,000/- D Rs. 6,500/-
108 What is the revised loan ceiling for housing under DIR Scheme ?A Rs.24,000/- B Rs.20,000/-C Rs.25,000/- D Rs.26,000/-
109 What is the ROI and Margin respectively under DIR Scheme ?A 3% , 10% B 4%, 15%C 4%, 5% D 4%, nil
110 The Banks are required to lend under DIR at least ----% of the total credit as at theend of the previous year.A 18% B 40%C 24% D 1%
111 What is the loan maximum loan repayment tenor under DIR ?A 3 years B 4 yearsC 5 years D 2 years
112 What is the criterion for land holding irrigated and non irrigated respectively tobecome eligible for finance under DIR scheme ?A Not to exceed 1 acre of irrigated
and 2.5 Acres of Non irrigatedland
B Not to exceed 2 acre of irrigatedand 5 Acres of Non irrigated land
C No such ceiling D None of these
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113 What is the criterion for land holding irrigated and non irrigated respectively forSC/ST community farmers to become eligible for finance under DIR scheme ?A Not to exceed 1 acre of irrigated
and 2.5 Acres of Non irrigatedland
B Not to exceed 0.5 acre of irrigatedand 1.25 Acres of Non irrigated land
C No such ceiling D None of these
114 What is the full form of PMEGP ?A Prime Ministers Education
Guarantee ProrammeB Prime Ministers Environment
Guarantee PlanC Prime Ministers Employment
Guarantee ProgrammeD None of these
115 What is the single national level nodal implementation agency for PMEGP ?A NREGS B PMRYC KVIC D NHB
116 As per the Scheme of Capital Investment Subsidy Scheme for commercialproduction units of organic inputs, out of three components what was thecomponent that was withdrawn from the scheme w.e.f 11/8/2010 ?A Fruit and vegetable waste
compost production unitB Vermi Hatcheries
C Biofertilizers and Biopesticidesproduction units
D None of these
117 What is the subsidy provided for Fruit and vegetable waste compost productionunit by the NABARD under the above Scheme ?A 33% of capital cost max. 60 lakh B 33% of capital cost max. 40 lakhC 25% of capital cost max. 60
lakhD 25% of capital cost max. 60 lakh
118 What is the subsidy provided for Bio Fertilizers/Bio Pesticides unit by the NABARDunder the above Scheme ?A 33% of capital cost max. 60
lakhB 25 % of capital cost max. 40 lakh
C 25% of capital cost max. 60lakh
D 25% of capital cost max. 60 lakh
119 What is the implementing agency under the above scheme ?A National Centre of Organic
FarmingB NABARD
C National Horticulture Board D Central Government of India120 As per the finance under Capital Investment Subsidy for Construction /
Renovation of Rural Godown what is the project cost for godowns upto 1000mtA Project cost as appraised by
financing Bank or actual cost ofRs.3500/- per MT of storagecapacity, whichever is lower
B Project cost as appraised byfinancing Bank or actual cost ofRs.2500/- per MT of storagecapacity, whichever is lower
C Project cost as appraised byfinancing Bank or actual cost ofRs.5000/- per MT of storagecapacity, whichever is lower
D Project cost as appraised byfinancing Bank or actual cost ofRs.3000/- per MT of storagecapacity, whichever is lower
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121 What is the ceiling on maximum subsidy in any category for the finance under thescheme Capital Investment Subsidy for Cosntruction/Renovation of RuralGodowns ?A Rs. 2 Crore B Rs.2.25 CroreC Rs.1.35 Crore D Rs. 3 crore
122 What is the eligible DSCR to get finance under New Tractor Loan Scheme ?A 1.75 : 1 B 1.5 : 1C 2 : 1 D 2.25 : 1
123 What is the IT platform used for issuing State Bank Kisan Card for usage throughATM and POS ?A RuPay B VerisignC Maestro D Visa
124 What is the Margin on market value of gold to be retained in case of AgricultureGold Loans ?A 20% B 25%C 30% D 35%
125 Branch should obtain a certificate from a local jeweler for the loans above the limit---------?A Rs.50000/- B Rs.100000/-C Rs.75000/- D Irrespective of the limit
126 The existing schemes under tractor finance are as follows.A Modified New tractor loans
scheme, Stree shakti(SSTL)And Tatkal Tractor Scheme
B New tractor loans scheme andStree shakti(SSTL)
C Modified New tractor loansscheme,Stree shakti(SSTL) andScoring model scheme.
D None of the above
127 What is Green Power?A Scheme to donate solar street
lights to villages with excellenttrack record of recovery of AgriNPAs.
B Villages having recovery of 50% ormore should be selected.
C Each RBO to select 3 to 5 bestvillages in their area.
D All of these.
128 Limits sanctioned to dealers/sellers of fertilizers, pesticides, seeds, cattle feed,poultry feed , agricultural implements and other inputs is.A Rs.5.00 crores. B Rs.1.00 crore.
C Rs.50 lacs. D None of these.129 Kharif season is from______ to ______.
A April to September. B January to June.C October to March. D July to December.
130 Rabi season is from______to________.A April to September. B January to June.C October to March. D July to December.
131 Apiculture is________cultivation.A Bee keeping B MushroomC Mulbery D None of these
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132 Silviculture relates to___________.A Bee keeping B SericultureC Floriculture. D Forest tree cultivation
133 Pisci culture relates to___________A Rearing of silk worm B Food grain productionC Fish farming D Mushroom cultivation
134 Aqua culture relates to___________A Prawn / Shrimp production B FloricultureC Bee keeping D Mushroom
135 Vermiculture relates to__________A Fish farming B Rearing of earthwormsC Prawn / Shrimp production D Forest tree cultivation
136 Seri culture relates to____________A Bee keeping B Rubber producion
C Rearing of Silk worms D Mushroom cultivation137 Minimum and maximum limit under KCC is Rs._____ and Rs._______.
A No Miminum ceiling,No upper ceiling
B 1000, No upper ceiling
C 1000, Rs.3.00 lacs D None of these.138 KCC is valid for ________ years.
A 1 B 3C 5 D 2
139 CC SHG is valid for a maximum period of______yearsA 3 B 5C 1 D 10
140 Inter cropping means.A Cultivation of crops once in
along with two years.B Cultivation of crops dairy farming.
C Cultivation of shrot durationcrops between the rows ofmain crop.
D None of the above.
141 Service Area is applicable for_________.A All agricultural loans B Only for crop loansC Only for Government
sponsored schemesD Only for Agricultural Term-loans
142 Green revolution relates to ___________.A Paddy B Grass productionC Food-grains production. D Dairy farming
143 “Trail Netting” techniques is employed in________.A Pisciculture B Tissue cultureC Moriculture D Dairy finance
144 Brown revolution relates to____________.A Cocoa production B Rubber productionC Wheat producton D Paddy production
145 Black revolution relates to_____________.A Black water B Rubber productionC Oil seed production D Forest tree production
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146 Blue revolution relates to______________.A Fish farming B Sea waterC Rain water harvesting D None of these
147 Under Minor irrigation, the spacing norms between two bore wells is?A 250 meters B 180 metersC 215 meters D None of these.
148 No fresh minor irrigation loan can be sanctioned inA Green area B Dark areaC Grey area D White area
149 White revolution relates to___________A Milk production B Rain water harvestingC Fish farming D Prawn cultivation
150 Yellow revolution relates to__________A Milk production B Flower productionC Oil seed production D Rubber production.
151 An area is grey block where the underground water exploitation is morethan______% but up to __________%A 50, 50 B 60, 70C 70, 90 D 50, 75
152 Underground water exploitation not more than____% is called white block.A 50 B 25C 10 D 70
153 Broiler farming means__________A Rearing of layers B Rearing of ducksC Poultry farming for meat D Meat
154 Performance test report for tractors, combine harvesters and power tillers shouldbe obtained by the manufacturers fromA Dealer B ManufacturerC Central Farm Machinery
Training & Testing Institute,Budni(M.P) / Hissar (Haryana)
D RBI
155 Small farmer means a person who is havingA Up to 5 acres of dry land or 2.5
acres of wet land.B 10 acres of dry land
C 2.5 acres of dry land D 5 acres of wet land156 A Person having agricultural income has to produce ______ form No for
depositing cash into a deposit account, as per IT rules.A 60 B 61C 50 D 54
157 Marginal farmer is a person havingA 5 acres of wet land B Up to 1.25 acres of wet land & up to
2.5 acres of dry landC Up to 2.25 acres of wet land &
up to 5 acres of dry land.D None of these
158 Agriculture labourer meansA Person having up to 0.5 acres B Has home steadC More than 50% of the income
is from agricultural wagesD All of these.
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159 Debeaking relates to________A Sheep rearing B PoultryC Fisheries D Duck rearing
160 Of the Bank's Net Bank Credit _______ % should go to agricultural sector.A 40% B 18%C 10% D 20%
161 BC CSPs should be visited by the Branch Manager or the designated official suchas RMRO/FO of the linked branch as per the following periodicityA Monthly every CSP irrespective
of geography(M/ U / SU /R)with population below 2000population, to be visited once aweek
B On a weekly basis on a prefixed dayin FI Villages with population above2000
C Only A D Both A & B162 BC CSPs should be visited by the Branch Manager or the designated official such
as RMRO/FO of the linked branch and recorded through online portalA http://10.2.210.248/CSPVisits B http://10.4.248.245/CSPVisits/Login.
aspxC http://10.4.248.245/CSPVisits D none of the above
163 BCs should submit the following with the MOU to mitigate the operational risksthrough BC channel.A BCP B DRPC Both D Locking up arrangement
164 The Account opening forms of small accounts opened at branches with productcode 1011-1601 need not be sent toA RCPC B LCPC as in the case of BC
accountsC Both A & B D None of the above
165 “Boom Heen Kissan scheme” is related toA Financing to Joint Laiablility
groupsB Financing KCC borrowers
C Financing self employed D Rural poor166 Under “Boom Heen Kissan” scheme the JLG members should be between
A 5-10 B 10-20C 4-10 D 2-10
167 Under “Boom Heen Kissan” scheme the maximum finance per member of theJLG isA Rs.25,000/- B Rs.50,000/-C Rs. 1,00,000/- D Rs.75,000/-
168 The objective of Boom Heen Kissan scheme” isA Credit to landless farmers
cultivating land as: tenantfarmers, oral lessees or sharecroppers and small/marginalfarmers as well as other poorindividuals taking up farmactivities,off-farm activities andnon-farm activities
B Credit to poor with atleast 1 acre ofagricultural land.
C Only B D None of the above.
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169 The full form of MDBTL isA Modified Direct Benefit
Transaction limitedB Modified Direct Benefit Transfer
limitedC Modified Direct Benefit
Transfer for LPG schemeD None of the above.
170 Under the MDBTL scheme the payment of LPG subsidy can be made byA Aadhar linked Bank account of
the LPG consumerB Bank accounts linked to LPG ID of
the LPG consumer.C Either of them D Only A
171 In CBS from 15.12.2014 the LPG ID can be linkedA Yes B NoC Only B D None of these.
172 Issue of Rupay debit cards with 1 lac accidential insuracne cover to FinancialInclusion customers includingA Agriculturists B MinorsC Except Minors D None of the above
173 Agri Gold loans and KCCs where interest subvention is given, the Bank has tofinance as perA Scale of finance B Area of extentC Both A & B D Only B
174 “Swarna Dhara Agri Gold loan” Campaign includes the followingA Agri Gold loans with
subventionB Multi purpose Agri Gold loans
without interest subventionC PER Gold loans D Both A & B
175 Full form of RML the SMS based agri advisor for farmer and trader isA Reuters Market light B Reporter Market LoaderC Rural Market level D None of the above.
176 Under Credit Scoring Model in Agri loans after the roll out of Agri LOS.A 71 and above are considered
good loansB 26 and above but upto 70 may be
considered after creditenhancement or referred to nexthigher authority
C Applications with credit scoringof 25 and below should not besanctioned.
D All of the above
177 The four models of Credit Scoring Model in Agri loans areA Crop Loans Model Crop Loans,
Irrigation, Land Development /Tractor Loans and other FarmMechanisation Model
B Dairy and Poultry Loans Model /Horticulture and Plantation CropLoan Model
C Both A & B D Only A178 7% interest subvention loans to Women SHGs under
A National Rural LivelihoodsMission scheme(NRLM)
B Govt scheme
C IRDA scheme D PMEGP scheme179 Full form of PMJDY is
A Pradhan Mantri JointDevelopment Yojana
B Pradhan Mulk Jan Dhan Yojana
C Pradhan Mantri Jan Dhan D None of these
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yojana180 Sanction/ Renewal of KCC/ ACC Accounts for raising crops
A Option to adopt SLBC/ DLTCrecommended repayment duedates or common repaymentdue dates
B Only Common repayment duedates: 31st Jan for Kharif and 31st
July for Rabi. 31st July for multiplecrops
C Only B D None of the above.181 NAIS was replaced w.e.f 01.11.2013 with
A NCIP B WBISC AIC D None of the above
182 The full form of NCIP isA National corporation for
insurance PaymentB National Crop Insurance
ProgrammeC National Crop Insurance
Payment schemeD None of the above
183 Campaign for Deposit mobilization through BC channelA Lakshya 2000 B Lakshya 5000C Lakshya 7000 D Lakshya 3000
184 Krishi Plus II campaing is related toA Financing Agri loans to farmers
having 3 years good trackrecored and upto Rs.l lac.
B Financing Agri loans to farmershaving 3 years good track recoredand upto Rs.3 lac.
C Only B D None of the above.185 Nomination for Gold loans
A Not available to loans evenGold loans
B Available
C Only B D None of the above186 For Tatkal Tractor loan
A Mortgage of Agri land upto 2acres
B Mortgage of Agri land of 4 acres
C Mortgage of Agri land upto 6acres
D It is a Mortgage free loan.
187 The definition of High networth farmers in Tatkal tractor loanA Farmers who score 61 & above
score under Tractor scoringmodel.
B Farmers who score 71 & abovescore under Tractor scoring model.
C Farmers who score 56 & abovescore under Tractor scoringmodel.
D Farmers who score 76 & abovescore under Tractor scoring model.
188 Eligibility of land holding under Tatkal tractor loan schemeA All farmers-Individual / joint
borrowers who are ownercultivators having minimum 4acres of land.
B All farmers-Individual /jointborrowers who are owner cultivatorshaving minimum 8 acres of land.
C All farmers-Individual / jointborrowers who are ownercultivators having minimum 2acres of land.
D All farmers-Individual / jointborrowers who are owner cultivatorshaving minimum 6acres of land.
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189 Maximum loan amount under Tatkal Tractor loan schemeA 75% (Tractor
cost+Insurance+Registrationcharges)
B 100% (Tractorcost+Insurance+Registrationcharges)
C 90% (Tractorcost+Insurance+Registrationcharges)
D 90% (Tractorcost+Insurance+Registrationcharges)
190 In Tatkal tractor loan rate of interest is based onA Margin B AcerageC Score D None of the above
191 DSCR in Tatkal Tractor loan isA 1.75 : 1.00 B 1.50 : 1.00C 2.00 : 1.00 D 1.00 : 1.00
192 Minimum and Maximum Repayment period in Tatkal Tractor loan isA 48 months and 60 months B 60 months and 84 monthsC 36 months and 48 months D 36 months and 60 months
193 Security to be obtained in case of Tatkal Tractor loan scheme isA Primary : Hypothecation of
tractor, Collateral : Lien onTDR accepted as a MarginMoney.
B Primary : Hypothecation of tractor issufficient, no need of TDR asmargin money.
C Primary : Hypothecation oftractor, Collateral : 2 acres ofAgricultural land.
D None of the above
194 Maximum LTV Ratio based on loan limit under Agri Asset Backed Loan isA) 65% B) 60%C) 55% D) 50%
195 What is the interest on Agri Asset Backed Loan?A MCLR + 1% B MCLR + 2.5%C Base Rate + 2% D None of the above
196 What is the repayment for Agri Asset Backed LoanA 84 months B 36-84 monthsC 12 months to 72 months with
equated reduction in LimitD 84 months with Equated
Reduction in Limit.
197 What is the type of can be sanctioned under Agri Asset Backed Loan?A Term Loan B Cash CreditC Drop line- Overdraft facility (OD) D None of the above
198 What is the Penal interest on Agri Asset Backed Loan?A 2% of the limit B 1% p.a over and above the rate
of interest on the balanceoutstanding
C 1% of the limit D No Penal Interest
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199 Under Agri Asset Backed Loan the property should be with ___ in the radius of thebranch?A 15 km B 20 kmC 5 km D 25 kms
200 Agricltural Subventon is applicable for Agri Asset Backed Loan?A Yes B NoC Applicable for loans upto 3 lacs D Applicable for loans upto 1 lacs
201 For what purpose the Agri Asset Backed Loan can be sanctioned?A Short Term Production B Investment CreditC Short Term Production &
Investment CreditD None of the Above
202 The new product product launched for Agriculturists isA Mc-Revised KCC B Digital KCCC New KCC D None of these
203 What is the interest rate concession under “Digital KCC” Scheme for aboveRs.3.00 lacs LoanA 1.25% B 1%C 0.75% D 0.50%
204 What is the minimum and Maximum Loan amount under Digital KCC scheme?A 1.01 lacs & No Ceiling B 0.50 lacs & 3.00 LacsC 1.00 lacs & 5.00 lacs D No minimum & No Maximum
205 What is the FREE insurance available under PAIS for Digital KCC SchemeBorrowers?A Rs.1.00 lacs B Rs.5.00 lacsC Rs.2.00 lacs D No Free Insurance undr PAIS
206 The Scoring Model for PML/WHR financing is applicable for the loansA 10 lacs-15 lacs B 25 lacs-50 lacsC Above 50 lacs D Scoring Model is not required
207 Who will obtain insurance of the cash at the BC outlet?A B.C himself B Regional Business OfficeC Link Branch D None of the above
208 What is the minimum land criteria for financing a Combine Harvestor?A 8 Acres Irrigated land B 6 Acres Irrigated landC 4 Acres Irrigated land D 2 Acres Irrigated land
209 All crop loans under KCC are to be covered underA Prime Minister Fasal Bhima
YojanaB National Agricultural Insurance
SchemeC National Crop Insurance Scheme D None of the above
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AGRICULTURE MCQs - ANSWERS
1 2 3 4 5 6 7 8 9 10c c D b a b d d b d11 12 13 14 15 16 17 18 19 20a b C a d a a c d a21 22 23 24 25 26 27 28 29 30c a B a b d d a a d31 32 33 34 35 36 37 38 39 40a d C b a d c b b a41 42 43 44 45 46 47 48 49 50b a C a a d b c b d51 52 53 54 55 56 57 58 59 60b d A c d a d a c d61 62 63 64 65 66 67 68 69 70b a B a d c c a c d71 72 73 74 75 76 77 78 79 80b b C d c d a a b a81 82 83 84 85 86 87 88 89 90d a D c d a c d b c91 92 93 94 95 96 97 98 99 100b d D a b c a d c d101 102 103 104 105 106 107 108 109 110b d C d b c a b d d111 112 113 114 115 116 117 118 119 120c a C c c b a b a a121 122 123 124 125 126 127 128 129 130d b A b a a d a a c131 132 133 134 135 136 137 138 139 140a d C a b c a c b c141 142 143 144 145 146 147 148 149 150c c A a b a a b a c151 152 153 154 155 156 157 158 159 160a d C c a b b d b b161 162 163 164 165 166 167 168 169 170d b A b a c b a c c171 172 173 174 175 176 177 178 179 180a b C d a d c a c a181 182 183 184 185 186 187 188 189 190a b c a a d a c b a191 192 193 194 195 196 197 198 199 200b a a a b c c b d b201 202 203 204 205 206 207 208 209c b d a c b a b a
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SYSTEMS & PROCEDURES I
Compiled By Shri P.Adityudu, Manager (Training)
1. As per extant instructions regarding payment of balances in the deceasedconstituents accounts, no separate affidavit (COS 539) would be required foran aggregate amount up to Rs.______a) Rs. 0.50 lacs b) Rs. 5 lacc) Rs. 2 lacs d) Rs. 3 lacs
2. A person will be declared as legally dead, if for a period of _______ years ormore, the persons who would have normally known of his existence have notheard of him / known of his existence:a) 5 b) 6c) 7 d) 8
3. Nomination by illiterate to be witnessed by ___________a) One person b) Two personsc) A Bank official d) Nominee
4. Which of the following statement is not correct?a) Nomination can be made by
illiterate depositorb) Nomination can be made on
joint Accounts alsoc) One person should be nominated d) Two persons can be nominated
in the Joint Accounts5. Nomination, cancellation of Nomination and change in nomination
require______a) Registration with Revenue
authoritiesb) Registration with Co. Act
c) Registration with RBI under BR Act d) No Registration is required
6. An Officer of __ scale and above is authorized to issue notices underSARFAESI Acta) III b) IVc) V d) VI
7. All customer complaints have to bea) Acknowledged within 24 hours b) Disposed off within 21 days
c) Both (A) & (B) above d) None of the above
8. Search warrant for Locker issued by Income Tax Department should bearSignature of official not below the rank of Commissioner of I.T. of searchauthority. (Sec of I tax act)a) Sec 52 b) Sec 122c) Sec 132 d) Sec 142
9. Bearer Bonds, IVPs, TDR/STDR held as security against loan are kept ina) Single custody of Branch Manager b) Single custody of Manager
(cash)c) Joint Custody of Manager (cash) &
Branch operationd) Single custody of Manager
Branch operation
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10. Safe Custody A/c in the name of Minor can be opened in respect ofa) Govt Securities only b) Bank’s TDR onlyc) Any Security d) Cannot be opened
11. While delivering scrip kept under safe custody to the depositor, hisacknowledgement is obtained ona) COS 139 b) COS 339c) COS 49 d) COS 141R
12. Relationship between Customer & Banker in case of Safe Deposit Articlea) Bailer- Bailee b) Debtor- Creditorc) Licensor- Licensee d) None of the above
13. In case of Joint A/c (E or S), locker can be surrendered and the accountcloseda) By both of them jointly b) By either of themc) By First Hirer singly d) Either a or b
14. Nomination facility is available in case of Safe Deposit Lockers under whichact?a) Sec 45Z of BR Act b) Sec 45ZA of BR Actc) Sec 45ZC of BR Act d) Sec 45 ZE of BR Act
15. Locker rent for New/existing hirers is to be paid every year in advance ona) 31 st March b) 1 st Aprilc) 2 nd April d) Date of Allotment of Locker
16. Periodicity for balancing Safe custody/Security isa) Monthly b) Quarterlyc) Half yearly d) Yearly
17. Lockers cannot be allotted toa) Resident Individuals b) Non Resident Indiansc) Blind Persons d) Minors
18. While closing an accounta) Customer’s ID is to be established
beyond doubtb) Ensure that no lien is marked
on depositsc) Ensure that there is no
direct/indirect liability to the Bankd) All of these
19. Security forms should be stocked to meeta) 6 months requirements b) 12 months requirementsc) 24 months requirements d) None of these
20. All state Government transactions are reported toa) FSLO at LHO b) GAD, Belapurc) GAS, Nagpur d) None of the above.
21. Security forms should be in the custody ofa) Accountant b) Branch Managerc) Joint custodians d) None of these
22. Various audit reports are under the custody ofa) Record Keeper b) Accountantc) Branch Manager d) Any officer
23. EXIM Bills is the software used ina) LCPC b) LPCc) RACPC/RASMECC d) CCIL
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24. Disaster Recovery Site for ATM Switch is ata) Mumbai b) Chennaic) Kolkata d) Bangalore
25. The stages of Pre Sanction Credit Process area) Appraisal and Sanction b) Assessment, Appraisal and
Sanctionc) Appraisal and recommendation,
Assessment and Sanctiond) Appraisal and Assessment
26. CGTMSE stands fora) Credit Guarantee Trust for Micro
and Small Enterprisesb) Credit Guarantee Fund Trust
for Micro and Small Enterprisesc) Credit Guarantee Trust for
Manufacturing & service Enterprisesd) Credit Guarantee Fund Trust
for Manufacturing & serviceEnterprises
27. RTGS business hours as per the revised RBI guidelines area) 9 AM TO 2 PM b) 8 AM TO 8 PMc) 10 AM TO 4 PM d) 9 AM TO 4 PM
28. Foreign Department (FD), Kolkatta has been renamed asa) Global Link Services b) Global Marketing Unitc) None of these d) No change
29. OPERATION SANKALP is the name of campaign announced by Bank fora) RINB b) GCC & GRCc) NPA reduction d) None of the above
30. i-Probe is mandatory for all loan applications ofa) Rs.5 lacs & above b) Rs.25 lacs & abovec) Rs.10 lacs & above d) Rs.1 cr & above
31. Maximum capability that can be given to Employee in CBS isa) 7 b) 9c) 10 d) 12
32. Maximum amount of subscription to be made in a PPF account in a financialyear isa) Rs.1 lac b) Rs.1.50c) Rs.1.25 lacs d) Rs.0.50 lac
33. The ceiling on MCCSs as per CTS 2010 Standard cheques at Home branch isa) Rs.10 lacs b) No Ceiling
c) Rs.50 lacs d) Rs.20 lacs34. Succession certificate does not cover
a) Gold loan ornaments b) Safe deposit lockersc) Articles in safe custody d) All of the above
35. The Manager, CAC is having reporting relationship witha) AGM, FSLO b) DGM (B&O)c) Regional Manager of the Region in
which the CAC is Locatedd) None of the above
36. Which of the following roles is not stipulated by BPR manual for CAC?a) Mobile messengers b) Dy Manager (transportation)
c) Deputy Manager(Maintenance) d) Mobile Cashiers
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37. Issuance of a cheque without balance is punishable undera) Cr.CPC b) IPCc) Banking Regulation Act d) NI Act
38. Small coin depot transaction reported toa) SGLO b) FSLOc) CAG d) ITS
39. A depositor of PPF account can nominate ____personsa) One b) Twoc) Three d) No limit
40. When interest is applied to PPF accounts?a) 31st December b) 31st Marchc) 30th June d) 30th September
41. CDR mechanism covers only multiple banking/consortium/syndicationaccounts with outstanding exposure of Rs. __ Cr. And above.a) 10 b) 5c) 25 d) 1
42. CRA is applicable to trade advances of ______a) Above Rs.5 lacs b) Above Rs.10 lacsc) Above Rs.20 lacs d) Above Rs.25 lacs
43. What are the KYC conditions we have to fulfill to open Small accounts ?a) Photograph and Address proof b) Two Photo proof and self
certificationc) Photo proof and address proof d) Photograph and self
certification for the address44. In the CPPC ( Centralized Pension Processing Centers) concept the
commission between Dealing/Home branch and Focal Point branch/ CPPC isdistributed -------a) 75%-25% b) 100%by CPPCc) 100% by Dealing/ Home branch d) 25%-75%
45. A authorizes B for operating his locker. B approaches the bank for surrenderthereof. How would you react?a) B can surrender the locker b) B cannot surrender the locker
c) If contents are nil he can surrender d) None of the above46. The packets or boxes accepted for keeping in safe custody must bear which
one of the following seals------------:a) Seal of the Bank b) Seal of the depositorc) Both the above d) None of the above
47. When a person dies without leaving behind a will, a person appointed by courtto manage his estate is calleda) An executor b) An attorneyc) An administrator d) A trustee
48. In the event of Original and duplicate IOI are presented for payment throughclearing, by two different banks on the same day, the Bank----------a) Will pay the duplicate b) Will pay the originalc) Will return both d) Both will have to be paid
49. 49.Maximum amount for which an IOI can be issued isa) Rs. 100,00,00,000 b) Rs. 99,99,99,999c) 99,00,00,000 d) none of these
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50. If the collection is realized beyond 45 days it is treated as---------a) Normal Delay b) Abnormal delayc) Delay is delay, it hardly whether
normal or abnormald) No such classification matters
51 BMMC is to be submitted at what intervels to the controllersa) Before 5th of Every Month b) Before 7th of every monthc) At the Quarter end d) BMMC is discontinued
ANSWERS – SYSTEMS & PROCEDURES – 1
1 B 11 C 21 C 31 B 41 C2 C 12 A 22 C 32 B 42 D3 B 13 A 23 D 33 B 43 D4 D 14 D 24 B 34 D 44 A5 D 15 C 25 C 35 B 45 B6 B 16 C 26 B 36 C 46 B7 C 17 D 27 B 37 D 47 C8 C 18 D 28 B 38 B 48 A9 C 19 A 29 C 39 D 49 B10 B 20 A 30 C 40 B 50 B51 D
SYSTEMS & PROCEDURES – II
Compiled By Shri P.Adityudu, Manager (Training)
1. What is MDBTL Scheme?a) Mobile Direct Benefit Transfer of
LPGb) Modified Direct Benefit Transfer of
LPGc) Mobile Direct Bank Transfer of
LPGd) None of the above
2. What is the name the Project rolled out by NPCI In respect of CTS-2010?a) Payee Name Project b) Project CTS-2010c) Project Vijay d) Project MCC
3. Nomination facility is available in case of Deposit accounts, under which act?a) Sec 45Z of BR Act b) Sec 45ZA of BR Actc) Sec 45ZC of BR Act d) Sec 45 ZE of BR Act
4. All branches should ensure that all cases of counterfeit currency note to bereported by way of counterfeit currency report to principal office (KYC/AML)through?a) DGM& CFO and money
laundering officerb) GM & CFO
c) CGM & CFO d) AGM & CFO
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5. Forgery of valuable security / cash transaction where forged or counterfeitcurrency note have been used, the report should be furnished to FIU-IND?a) Every month by 5th day of
succeeding monthb) Every month by 15th day of
succeeding monthc) Every month by 10th day of
succeeding monthd) None of the above
6. Maximum number of deposits that can be made in a PPF account in afinancial year isa) 24 b) 6c) 36 d) 12
7. What is the name the campaign for Deposit Mobilization through BC channel ?a) Lakshya 2000 b) Lakshya 7000
c) Lakshya 5000 d) Lakshya 3000
8. When a scrip is withdrawn for renewal, it will be entered in which register?
a) Miscellaneous register b) Branch Document Registerc) Securities Exchange Custody
registerd) Securities Register
9. Nomination of safe custody and safe deposit articles is available under whatsection?a) Sec 45ZC of BR Act b) Sec 45ZC of SBI Act
c) Sec 45ZAof BR Act d) Sec 45ZF of SBI Act10. Two currency Note press owned by RBI are at?
a) Devas and Nashik b) Devas and Salbonic) Devas and Salboni d) Mysore and Salboni
11. Difference between Day’s deposit and withdrawal in the chest is known as?a) Chest Transfer b) Currency Transferc) Amount Transfer d) Balance Transfer
12. In case if counterfeit notes found in remittance from currency chest to RBI,how much amount is debited from banks current account?a) Entire amount + ( Bank Rate+2%) b) Entire amount + (Base Rate+ 2%)c) Entire amount + (Base Rate ) d) Entire amount + (Bank Rate+ 1%)
13. What is the Fidelity insurance for SWO?a) 1 Lac b) 3 Lacc) 5 Lac d) 4 Lac
14. What is the size of the aluminium box of SWO?a) 14x11x4 b) 11x14x4c) 4x11x14 c) None of the above
15. IOI can be paid by ______ irrespective of the location of the drawee brancha) Drawee branch only b) Clearing branchc) Issuing branch only d) Any branch
16. Under Deceased account what is the aggregate balance upto which surety isnot required?a) 1 Lac b) 2 Lacc) 4 Lac d) 5 Lac
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17. Under Pahla Kadam and Pehli Udaan what is the threshold limit for AutoSweep?a) 10000/- b) 15000/-c) 20000/- d) 25000/-
18. Under Pehla Kadam and Pehli Udaan the transaction limit for Internet Bankingper day is--?a) 2000/- b) 4000/-c) 3000/- d) 5000/-
19. Under Pehla Kadam and Pehli Udaan the transaction limit for Mobile Bankingper day is --?a) 1000/- b) 2000/-c) 3000/- d) 4000/-
20. Duplicate draft is to be issued within a maximum period ofa) 14 days b) 5 daysc) 10 days d) 7 days
21. Which one of the following is NOT a BPR initiative ?a) Grahak Mitra b) Drop Boxc) Project Ambience d) Cross Selling
22. How many compartments does the Drop Box have, to accept theinstruments/Cheques through it for processing ?a) Two b) Fourc) Three d) None of these
23. Which one of the following Business Unit is not a part of National BankingGroup (NBG) at Corporate Centre ?a) SME Business Unit b) Government Business Unitc) Financial Institutions Business
Unitd) Agri Business Unit
24. What is the Annual Turnover Range defined for any unit to be classified underMid Corporate Group ?a) Rs. 10 Cr to Rs.100 Cr b) Rs. 100 Cr to Rs.500 Crc) Rs. 500 Cr to Rs.1000 Cr d) Rs. 50 Cr to Rs.500 Cr
25. Which one of the following is the major role of Green Banking Cell that hasbeen set up in the Bank ?a) Setting up of Green Channel to all
Counters in the Branchb) Providing Internet Banking Facility
c) Providing Green Remit Cards d) Undertaking various initiatives likeEnergy efficient lighting, treeplantation, water & wastemanagement etc, to theCustomers.
26. CENMAC (Central Office Management Committee) consists ofa) CGM, CDO, MDs b) Chairman, MDs, DMDsc) MDs, DMDs, Circle CGMs d) None of these
27. The Bank's Registered Office is ata) Mumbai b) Kolkattac) New Delhi d) Chennai
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28. The reduction of liquidity and interest rate risk and optimization of returns ismanaged by which committee ?a) Asset Liability Management b) Inspection and Audit Committee
Management Systemc) Bank Risk Management
Departmentd) Corporate Risk Mitigation
Committee29. BPR is introduced as per the recommendations of which consultancy
organizationa) Rangarajan Committee b) Narasimham Committeec) Mckinsey & Co d) Tata Consultancy Services
30. The functionality of Loan Origination Software (LOS) refers toa) Designing a Loan Product b) Registration, Processing and
Generation of Loan using thesoftware Documents and trackingthe status of Loan applications
c) NPA Tracking d) None of these31. As per the revised Bank's organizational structure, The Regional Manager of a
Region will directly report toa) DGM (O & C) b) DGM (B & O)c) GM (Net Work) d) CGM of the Circle
32. Which of the following is not a profitability Ratio for the Bank ?a) Gross Rate of Return b) Net Profit Per Employeec) Rs. Expenses Ratio d) Net Interest Margin
33. What is the role of Currency Administration Cell ?a) Managing of Currency Chest b) It is the cell provided at RBI to
take care of Cashc) Optimization of currency balances
at our branches, efficientmovement planning, insuranceand security arrangements.
d) Printing of Currency Notes
34. Which is the software used at Currency Administration Cells ?a) Finance One b) B@ncs 24c) Bancslink d) Kubera
35. The Role of CRO is linked to which Cell under BPR initiative ?a) Currency Administration Cell b) Liability CPCc) Multi Product Sales Team d) RACPC
36. Trade Finance Central Processing Center deals witha) Letters of Credit b) Bank Guarantees
c) LC & BG d) LC, BG and Bills both rupees andforeign currencies
37. Which is the unit set up by Bank which performs the various services likereceiving voice calls, emails, letters, complaints from the customers, inaddition to accepting the requests for cheque book, fund transfer, bill paymentetc.a) Liability Centralized Processing
Centerb) Contact Centre
c) Complaint Centre d) Outbound Sales Force
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38. Presently, how many associate Banks are there in the State Bank Group ?a) 7 b) 6c) 5 d) None of these
39. What is the role of Document Archival Centre (DAC) under BPR ?a) Decongest the Branches by
removing records maintenanceb) Execution of Bank's Loan
c) Printing of Bank's LoanDocuments
d) None of these
40. Who is a Manager (BO) in a BPR Branch?a) Accountant b) Branch Managerc) CRO d) RMPB
41. Number of IRCs (Inward Remittance Cell) in the country area) Only two b) 14 at all LHOs
c) 4 at Delhi, Chennai, Calcutta andMumbai
d) Only one
42. Limitation period of a TDR is 3 years from the date ofa) Demand b) Maturityc) No Limitation period d) None of the Above
43. Limitation period of a mortgage is _____years from the date the mortgagemoney falls due.a) 3 b) 12c) 6 d) 1
44. Which one of the following is not an actionable claim ?a) TDR b) Units of Unit Trustc) LIC Policy d) Book Debt
45. Who is responsible for the genuiness and purity of the gold ornaments ?a) Cash Officer b) Branch Managerc) Joint Custodians d) Accountant
46. Bank cannot file a suit after the expiry ofa) The due date of installment b) The limitation periodc) None of these d) Both A&B
47. All the accounts where mortgage has been created has to keyed in the systemwithin___ days failing which Rs.5000 has to be paid an additional fee.a) 60 b) 30c) 15 d) 90
48. License for Gun at the branch is obtained in the name ofa) Regional Manager b) Armed Guardc) Bank d) Branch Manager
49. LIC Policy given as Security for Overdrafts are entered ina) Miscellaneous Security Register b) Branch Documents Registerc) Risk Register d) Safe custody register
50. DRP and BCP is prepared in the first week of __________every year forapproval by C.A.a) February b) Januaryc) December d) May
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KEY FOR SYSTEM & PROC - 2
1 B 2 A 3 B 4 A 5 B6 D 7 B 8 C 9 A 10 D11 B 12 A 13 C 14 A 15 D16 D 17 C 18 D 19 B 20 A21 D 22 C 23 C 24 D 25 D26 B 27 B 28 A 29 C 30 B31 B 32 C 33 C 34 D 35 B36 D 37 B 38 D 39 A 40 A41 D 42 A 43 B 44 E 45 A46 B 47 B 48 D 49 A 50 B
GENERAL AWARENESS-1
Prepared by : Sri. P.Adityudu, Manager(Trg)
1. Commodity exchange markets in India are regulated bya) Commodities exchange Board b) Forward markets commissionc) Commodities Exchange
Regulation Commission.d) Commodities Exchange
Regulation Board.2. MCA-21 relates to
a) Mopping up of black money in thecountry.
b) Prevention of malpractices bycompanies.
c) Computerization of ROC/MCA(Registrar of companies)dealings.
d) Governing companies in abetter way in the wake ofSathyam.
3. Bombay Stock Exchange (BSE) is situated at Mumbai. Where is the NationalStock Exchange (NSE)?a) Kolkata b) New Delhic) Bangalore d) Mumbai
4. Stress Testing in financial parlance relate toa) Finding out Bank’s strength to
withstand various stressesemanating from various risks.
b) An advanced approach forasset liability management offinancial institutions.
c) Business strategy of banks bytesting the stress in the economy.
d) An approach for measuringstress levels in bankemployees.
5. IRDA Chairman isa) Amitabh Chowadhary b) J.Hari Narayanc) K.Chakraborthy d) T.S.Vijayan
6. The headline inflation measure in Indian economy are based ona) Year-on-year variation of WPI. b) Year-on-year variation of CPI.c) Real time variation of WPI d) Real time variation of CPI.
7. Bit coins in the economy meansa) Bit coins is digital currency not
backed by any Government.b) New currency going to be
introduced.c) Coins in bit form d) Plastic coins.
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8. As per IRDA, a pension insurance policy should also contain a provision fora) One time withdrawal b) An annuityc) Benefits of accident d) Both (b) & (c)
9. M-3 money supply measurement in India takes into considerationa) Post office SB savings b) Time deposits with banksc) Interbank deposits d) All the above.
10. The social web site “ORKUT” is owned bya) msn.com b) Rediff.comc) Google d) None of the above
11. 4G SPECTRUM isa) New generation of cell phones b) Allotment of new and higher
bandwidths in cellularcommunication
c) New technology in cellular.communication.
d) Multimedia cellularcommunication technology.
12. The managing director of IMF isa) Percy Anderson b) Lileon Mathewc) Christine Lagarde d) Lely Cipora
13. Vijay Malya Chairman of the ill fated Kingfisher Airlines resigned froma) VB Group b) UB Groupc) Jaiswal Group d) Jindal Group
14. Who is the president of CII?a) Adi Godrej b) Dr.Naushad Forbes.c) D.Parekh c) Anil Ambani
15. The world Bank consists ofa) IBRD (International Bank for
reconstruction and Development)& IDA (International developmentAgency).
b) IBRD only and IDA is anindependent andcomplementing agency.
c) IDA only and IBRD is anindependent and complementingagency.
d) None of the above is correct.
16. World’s largest bank in terms of balance sheet size isa) BNP Paribas b) Deutche Bankc) HSBC Bank d) ICBC of china
17. Procyclicality is a word associated witha) Credit Risk b) Market Riskc) Country Risk d) Systemic Risk
18. Carbon credits are systematized followinga) Paris protocol b) Kyoto protocolc) Manila protocol d) Washington protocol
19. The institution which looks after regulation of insurance sector in the country isa) IRDA b) AMFIc) ICDA d) SEBI
20. As per the recommendations of Basel-III, the Tier-2 capital is to be ______a) Enhanced b) Reducedc) Eliminated d) Harmonized.
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21. The tag line of which of the following banks is “world’s local bank”a) HDFC b) ABN AMROc) HSBC d) CITY BANK
22. Who is the chairman of IBA (Indian Banks Association)?a) Smt.Chanda Kochchar b) Sri.Rajeev Rishic) Shri.Bhaskar Sen d) Shri.K.R.Kamath
23. Aadhar Payment Bridge System (APBS) was developed bya) NPCI b) RBIc) SBI d) CCIL
24. Which bank / Financial Institution took the lead in setting up of CCIL (ClearingCorporation of India Limited)?a) SBI b) IDBIc) LIC d) ICICI
25. As per SEBI Rules, what is the maximum investment limit for Retail Inventors inpublic issues?a) Rs.50,000/- b) Rs.100,000/-c) Rs.125,000/- d) Rs.200,000/-
26. Jean Claude Trichet is a personality associated with______?a) IMF b) World Bankc) European Central Bank d) Federal Reserve
27. Which of the following summits is related to climate change?a) Canberra summit b) Greenland summitc) Copenhagen summit d) Venice summit
28. Who is the honorary secretary of IBA?a) Shri.T.M.Bhasin b) Smt.Arundhati Bhattacharyac) Shri.Bhaskar Sen d) Shri.K.R.Kamath
29. Monetary review will be taken up by RBI ata) Half yearly intervals b) Annual policyc) Quarterly intervals d) Bi-monthly intervals.
30. Finacle is a CBS software developed bya) TCS b) Infosysc) IBM India d) i-flex solutions
31. Who is the new chairman of Tata Sons?a) JRD Tata b) Natarajan Chandrasekharanc) Nandan Nelekan d) Narayana Murthy
32. Technology up-gradation fund scheme (TUFS) promoted by Government ofIndia is applicable toa) Textile & Jute Industry b) Sugar industryc) Tea & coffee industry d) Food industry
33. “NASSCOM” is thea) Indo-American venture for
collaboration in software.b) American outsourcing
regulatory authorityc) National Association of Software
and Service Companiesd) Chamber of commerce of IT-
BPO industries in America.34. Rail Bandhu is a
a) Indian Railways magazine b) Indian Railways Volunteerc) Indian Railways co-branded card d) Railways Hotel chain
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35. Which committee on customer service appointed by RBI recommended forrestoration of cash failed to be dispensed through ATMs to the customer’saccounts within 5 days?a) Damodaran Committee b) Khale committeec) Usha Thorat Committee d) Narendra Dev committee
36. Abbrevation of MUDRAa) Micro Units Development and
Recovery agencyb) Money Utility Development
and Refinance agencyc) Micro Units Devlopment and
Refinance agencyd) None of the above.
37. BRICS stands fora) Brazil, Russia, Indonesia & Chile b) Britain, Russia, India and
Chilec) Britain, Russia, Indonesia and
China.d) Brazil, Russia, India,China
and South Africa38. VAT is imposed ----------
a) Directly on consumer b) On final stage of productionc) On first stage of production d) On all stages between
production and final sale.39. Viticulture refers to
a) Preparing honey b) Preparing wine from grapes.c) Preparing olive oil d) Preparing narcotics.
40. DGFT is related toa) Exports & imports form India b) Transportation in India.c) Civil aviation in India d) Industrialization of the
country.41. Julian Assange is a name known for association with
a) Apple b) Dellc) Wikileaks d) Times magazine
42. Which city has been identified as the hottest ( i.e. first ranking ) outsourcingdestination in the world.a) Banglore ( India) b) Dublin ( Ireland)c) Makati City (The Philippines) d) Tokyo (Japan)
43. How many capital buffers were recommended by Basel-III?a) One b) Twoc) Three d) Four
44. RIDF is a scheme to be operationalized bya) State Governments b) Ministry of Rural developmentc) NABARD d) Nationalized Banks
45. Which Indian Bank recently entered the mortgage loan market in UK?a) BOB b) SBIc) ICICI d) HDFC
46. OTCEI is __________a) Atomic submarine of china b) Economy policy of USAc) An Indian Share market d) A Defence research
organisation47. The cap on FDI in insurance sector presently is
a) 74% b) 49%c) 26% d) 51%
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48. The entities identified by PFRDA for floating their pension funds area) LIC,SBI & UTI-AMC b) LIC, SBI & UTIc) SBI, BOB & AXIS Banks d) SBI, BOB & UTI
49. Swavalamban is related toa) RIDF (Rural Infrastructure
development fund) schemeb) Health insurance programme
launched for rural poorc) Rural housing scheme. d) Government’s assistance to
NPS (New pension scheme)50. According to 2001 census, the state with lowest literacy rate is
a) Bihar b) Rajastanc) Madhya Pradesh d) Nagaland
51. The capital conservation buffer recommended by Basel-III as percentage osRWA (Risk Weighted Assets) isa) 2% b) 2.5%c) 3% d) 5.0%
52. The base of Consumer Price Index for Industrial Workers is being shiftedfrom 1982 to ______a) 1995 b) 1998c) 2000 d) 2001
53. TALLY is aa) Software for book keeping b) Software for balancing bank’s
daily transactionsc) Software for Bank’s balance
sheets.d) None of the above.
54. “Incredible India” isa) A campaign for promoting
India as a investmentdestination
b) A campaign for promotingIndia as a global tourist hotspot
c) A campaign launched forpromoting SBI as a globalbank.
d) A campaign launched topromote India as an exporter.
55. Contribution isa) Sales – fixed cost b) Sales/variable costc) Sales – variable cost d) Sales/fixed cost.
56. Which of the following is not a Credit Rating Agency?a) CAMELS b) ICRAc) CRISIL d) CARE
57. MCX is aa) Exchange for gold trading b) Commodities exchangec) Forex exchange d) Metals exchange
58. ETF stands fora) Exchange traded fund b) Electronic traded fundc) Exchange traded future d) Electronic traded future
59. Who is the NSE chairman?a) Vijay Khelkar b) Ashok Chawlac) J.Hari Narayan d) None of the above
60. One of the focus areas of Bharath Nirmaan programme isa) Construction of rural dwellings b) Removal of poverty through
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employment assuranceprogramme
c) Rural & urban upliftmentprogramme
d) Literacy programme.
61. Chairman of Federal reserve of USA isa) Alen Greenspan b) Ben Bernankec) Steve Goldstein d) Janet L.Yellen
62. iPhone is the product ofa) Microsoft b) Samsungc) Apple d) Motorola
63. SAARC University will have its head office ina) Dhaka ( Bangledesh) b) New Delhi ( India)c) Colombo ( Srilanka ) d) Male ( Maldives )
64. SEZ (Special economic Zone) is aa) Improvement over EPZ
conceptb) Renamed EPZ concept.
c) Old form of EPZ concept. d) No relation between EPZ andSPZ concept.
65. Recently a new Tax system bill is passed in the parlament What is thetax?a) Direct tax code b) Uniform CST (Central sales
Tax)c) GST (Goods and Services
Tax)d) All the above
66. Oligopoly refers toa) Perfect competition b) Competition between few
playersb) A pure form of monopoly d) None of the above
67. 360 degrees feedback isa) Boss appraisal b) Subordinate appraisalc) HR system d) None of the above
68. Factoring relates toa) Bill finance b) Export financec) Receivable finance d) Infrastructure finance
69. Take out finance is best used fora) Bill finance b) Real estate sectorc) Stock broker finance d) Infrastructure finance
70. Derivatives derive their valuea) From SWAPs b) Based on market pricesc) From the underlying security d) Future tradable proposition.
71. Call option refers toa) The right of the investor to buy a
stockb) The right of the investor to sell
a stock.c) The obligation of the investor to
buy a stockd) The right of the investor both
to buy and sell a stock.72. Which of the following is an Indian e-commerce firm?
a) Expedia.com b) Flipkart.comc) Bestbuy.com d) Amazon.com
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73. Reverse mortgage loans are introduced by banksa) At the behest of RBI advice. b) To help out old age people.c) Changing population profile. d) All the above
74. RBI advised Indian banks to adapt RBS (Risk Based Supervision)a) To fall in line with BASEL-II
framework.b) To facilitate RFIA.
c) To quantify risk d) None of the above.75. IFRS refers to
a) International financialreconstruction system
b) International FinancialReporting Standards
c) Internal Financial Regulationand Supervision.
d) Internal Financial reportingsystem
ANSWERS GENERAL AWARENSS - 1
1. b 2. c 3. d 4. a 5. d 6. a 7. a 8. d 9. b 10. c11. b 12. c 13. b 14. b 15. a 16. d 17. d 18. b 19. a 20. d21. c 22. b 23. a 24. a 25. d 26. c 27. c 28. b 29. d 30. b31. b 32. a 33. c 34. a 35. a 36. c 37. d 38. d 39. b 40. a41. c 42. a 43. b 44. c 45. b 46. c 47. b 48. a 49. d 50. a51 b 52 d 53 a 54 b 55 c 56 a 57 b 58 a 59 b 60 a61 d 62 c 63 b 64 a 65 c 66 b 67 a 68 c 69 d 70 c71 a 72 b 73 d 74 a 75 b
GENERAL AWARENESS -2
Compiled by Shri P.Adityudu, Manager (Training)
1. CAPART is related with ___a) Assisting and Evaluating rural welfare
programmesb) Computer hardware
c) Consultanat Service of exportpromotion.
d) Controlling pollution inbig cities.
2. Note issuing deptt. of RBI should always possess the minimum gold stock ofworth -------
a) Rs.85 crore b) Rs. 115 croreb) Rs. 200 crore. d) None of these.
3. Which of the following does not grant any tax rebate ?a) National Saving Certificate b) Indira Vikas Patrac) National Saving Scheme d) Public Provident Fund
4. Ad hoc Treasury Bill System of meeting budget deficit in india was abolished on_____a) 31 March , 1997 b) 31 March , 1996c) 1 April , 1992 d) 1 April , 1995
5. SEBI was established in _______a) 1993 b) 1992c) 1988 d) 1990
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6. The working of SEBI includes ________a) To regulate the dealings of
share market.b) To check the foul dealings in share
marketc) To control the inside trading of
sharesd) All of these.
7. The Committee appointed by RBI to look into the HR management practices inPublic sector Banks was headed bya) Dr. A.K.Khandelval b) Dr. Rangarajanc) Dr. Raghu Ram Rajan d) Dr. Bhimal Jalan
8. Which statement of the following is true for IMF ?a) It is not an agency of UNO b) It can grant Loan to any country of
the worldc) It can grant loan to state
Govt. of a country.d) It grants loan only to member
nations.9. The “ Ad hoc Treasury Bill system “ of meeting budget deficit in India was
replaced by “ Ways and Means Advances System “ which has come into forceon _____a) March 31, 1997. b) April 1, 1996.c) April 1, 1997. d) None of these.
10. Indian economy is __________a) Socialistic economy b) Gandhian economyc) Mixed economy d) Free economy .
11. The most important source of capital formation in india has been ?a) House Hold savings b) Public sector savingsc) Government revenue surpluses d) Corporate savings
12. In india , the public sector is most dominant in ?a) Transport b) Steel productionb) Commercial
bankingd) Organised term lending financial
institutions.13. Goa’s economy is mainly based on ?
a) Tourism b) Export of ores.c) Agriculture d) None of these
14. As per Finance Minister’s speech while presenting the Union Budget, theCurrent Account deficit continues to be high due to excess dependence on
a) Oil & Coal imports b) Coal & Gold importsc) Gold & Oil imports d) All the three.
15. India’s wage policy is based on ?a) Cost of living b) Standard of livingc) Productivity d) None of these.
16. Which of the following is correct regarding the Gross Domestic Savings in India.a) Contribution of the
household sector is thelargest.
b) Contribution of Government sectoris the largest.
c) Contribution of thecorporate sector is thelargest.
d) None of the above.
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17. The modern economy is not characterized bya) Capital intensive mode of
productionb) Development of money
economyc) Production for market. d) Self Sufficient village
system.18. One of the problems in calculating the national income in India correctly is ?
a) Under employment. b) Inflation.c) Non monetized consumption. d) Low savings.
19. The main source of India’s national income is ?a) Industry. b) Agriculture.c) Forestry d) None of these.
20. Which of the following are the main causes of slow rate of growth of per capitaincome in India. ?a) High capital – output ratio. b) High rate of growth of
population.c) High rate of capital formation. d) All the above
21. Among Indian economists who had done pioneering work on National Income?a) P N Dhar b) Jagdish Bhagwatic) V K R V Rao d) Prof. Shenoi
22. Which of the following is not a method of estimating national income ?a) Income method b) Value added method.c) Expenditure method d) Export import method.
23. In our country , which of the following affects poverty line the most ?a) Level of Prices b) Expenditure methodc) Export import method. d) None of these.
24. The largest revenue in india is obtained froma) Sales tax. b) Direct taxes.c) Excise duties. d) None of these.
25. “DTC” is related toa) Income Tax b) Excise dutyc) Customs duty d) Service Tax
26. Which of the following is an advice rendered by RBI to banks to curtail fraudsinvolving stolen/theft cards?a) Introducing additional
passwordsb) Introducing photo embossed cards
c) Introducing online trackingmechanism for cards
d) Introduction of comprehensive chipbased cards
27. Chairman of the Prime Minister’s economic advisory council is?a) Mr.C.Rangarajan b) Dr.Y.V.Reddyc) Mr.Ahluwalia d) None of these ( vacant)
28. “Stagflation” is a characterized bya) High growth rate and low
inflation rateb) High growth rate and high inflation
ratec) Low growth rate and low
inflation rated) Low growth rate and high inflation
rate
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29. As per specific guidelines of RBI, repayments into loans can bea) Through ECS only wherever
ECS is availableb) Either through ECS or through Post
dated cheques as per the choice ofbanks at all centers
c) Either through ECS or throughPost dated cheques as per thechoice of banks at centerswhere ECS is available.
d) No specific instructions.
30. Head quarter of IMFa) New York b) Washington D.C.c) Islamabad d) Hyderabad
31. WMA (Ways and means advances) isa) Banks borrowings from RBI b) Government borrowings from RBIc) Government borrowings from
banksd) RBI’s borrowings from banks
32. The interest rate charges on WMA outstanding isa) Repo rate b) Reverse Repo Ratec) Bank rate d) Standing Facility Rate
33. After the recent infusion of capitalization of SBI by Government of India to thetune of Rs.3,004 Crores, the share holding of Government of India will go up toa) 62.22% b) 59.24%c) 52.35% d) 55.0%
34. “CAMELS” framework is meant fora) Credit appraisal b) Assessing health of banksc) Sovereign credit rating method
used by credit rating agenciesd) Trends in global economic
situations35. As per the census of India, which city (with a population of more than 1 million)
tops the list of cities with largest number of slum households?a) Mumbai b) New Delhic) Chennai d) Visakhapatnam
36. CDs (Certficate of Deposits) are basicallya) Short term instruments issued
by Corporatesb) Promissory notes issued by banks
for short term fund raisingc) Promissory notes issued by
Corporates for short term fundraising
d) All the above
37. Minimum public shareholding (MPS) norms of SEBI are applicable toa) PSUs alone b) Non-PSUs onlyc) To both PSUs and Non-PSUs
as welld) PSBs alone
38. As per the census of India, which State tops the list of cities with largest numberof slum households?a) Andhra Pradesh b) Biharc) Delhi d) Maharastra
39. “CAMELS’ was developed bya) IMF b) World Bankc) US Federal reserve d) European Central Bank
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40. FSLRC (Financial Sector Legislative Reforms Commission) was led bya) Mr.C.Rangarajan b) Justice. B.N. Sri Krishnac) Sri Tarapore d) Mr.Chidambaram
41. Banks are being asked to populate Aadhaar Numbers along with bank accountnumbers for the purpose ofa) Rapid cheque clearing and ECS
operationsb) Replacement of IFSC code for
NEFT/RTGS transactions in thelong run
c) Identification of governmentbeneficiaries
d) All the above
42. “IBAN” stands fora) International Bank Account
Numberb) Indian Bank’s Association Number
c) International Banker’sAuthentication Number
d) International Banker’sAuthentication Norm
43. A post dated instrument/ debit mandate issued in favour of the creditor by thedebtor in some financial markets like Singapore, Indonesia are popularly calledasa) PIRO b) LIROc) TEMPO d) GIRO
44. The principal recommendation of FSLRC (Financial Sector Legislative ReformsCommission) isa) One super regulator for entire
financial sectorb) RBI to be the super regulator for
entire financial sectorc) Stringent law enforcement to
regulate financial sectord) Widening the scope of laws for
better controlling financial sector45. “Report on Currency and Finance” is published by
a) RBI b) Ministry of Finance, Government ofIndia
c) Central Statistical Organization(CSO)
d) International Monetary Fund(IMF)
46. Who is the present appellate authority of Banking Ombudsman?a) Deputy Governor of RBI b) Dr.Raghuram Rajan, Governor of
RBIc) Central Finance Minister d) Dr. Ranga Rajan
47. NIBM (National Institute for Bank Management) is an autonomous traininginstitute ofa) Promoted by Government of
India.b) IBA
c) NABARD d) RBI48. The Slogan of Census-2011 is
a) Census India-Bright India b) Our Census-Our Futurec) Bright India-Our future d) Future India-Bright India
49. Who is the current World Bank president?a) Mr.Jim Yong Kim b) Mr.Bon Yong Moonc) Mr. Ravulfson d) Mr.Richard Calson
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50. e-filing of income tax returns is mandatory for individuals with annual taxableincome ofa) Above Rs.5.00 lakhs b) Above Rs.5.50 lakhsc) Above Rs.7.50 lakhs d) Above Rs.8.00 lakhs
51. “El Nino” isa) A Korean trading Company b) A weather pattern in Pacific which
affects monsoon arrival in Indiac) A pattern of movement in Dow
Jones index of New York stockexchange
d) Statistical tool for arriving at stockprice sensitivities
52. PMI (Purchasing Manager’s Index) , an index relating to purchasing orders bymanufacturer’s company, is published bya) HDFC b) CMIE (Center for monitoring Indian
economy)c) HSBC India d) Ministry of Finance
53. EMV Compliance is related toa) Cross border money transfers b) Payments systems in Indiac) Debit cards d) Forex transactions
54. The Core Sector Industries in India area) 5 b) 6c) 7 d) 8
55. Which of the following is not Core sector industry in Indian economy?a) Gas & Oil production b) Coal miningc) Cement industry d) Capital goods industry
56. The minimum capital required for setting up a new bank under RBI’s newlicensing norms isa) Rs.75 Cr b) Rs.100 Crc) Rs.250 Cr d) Rs.500 Cr
57. Which of the following is a must for new banks under new licensing norms ofRBI?a) The new banks should be stock
market listed within 3 years ofcommencement
b) Foreign share holding should notexceed 49% within the first 5 years
c) ¼th of the branches should beopened in rural areas.
d) All the above
58. As per WTO estimates for 2012, India is the _______largest merchandiseexporter and _______largest merchandise importer in the world.a) 19th and 12th b) 12th and 19th
c) 3rd and 7th d) 7th and 3rd
59. A recent committee appointed by Ministry of Finance suggested that currencybins occupancy rate should not be more than ____% of Vault Holding Limit(VHL)so that more shuffling of currency takes place.a) 10% b) 25%c) 50% d) 75%
60. Fresh evaluation of every item of expenditure from the very beginning of eachfinancial year is called ?a) Fresh Budgeting b) Deficit Budgetingc) Performance Budgeting d) Zero-based Budgeting
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61. SBI recently opened it’s second Branch in China ata) Shangai b) Beijingc) Tianjin d) Shangdu
62. Chairman of Planning Commission In India isa) Prime Minister of India b) President of Indiac) Finance Minister d) Cabinet Secretary, Ministry of
Finance63. SDRs are part of
a) Balance of payments b) Forex Reservesc) Current Account deficit d) Trade deficit
64. The purpose of allowing banks to introduce Gold Deposit scheme by RBI isa) To channelize idle gold with
public into productive purposesb) To check unbridled Gold imports
c) As suggested by K U B Raocommittee
d) All the above
65. The FDI limits in retailing as introduced by Government of India recently area) 51% in single brand and 49% in
multi brandb) 100% in single brand and 49% in
multi brandc) 100% in single brand and 51%
in multi brandd) 100% in both single and multi
brands66. CAD (Current Account Deficit) is always measure as a proportion of
a) GNP b) GDPc) NNP d) NDP
67. The proposed GST (General Sales Tax) is a replacement ofa) Central Excise duty b) Value added tax (VAT)c) Service tax & other local taxes d) All the above
68 An ad valorem duty is a tax on the basis ofa) Check the accumulation of
wealth among the rich.b) Run the machinery of the state
b) Uplift weaker sections. d) None of these69 “Troika” is the name for
a) IMF, World Bank and UnitedNations
b) IMF, World Bank and EuropeanCentral Bank
c) IMF, United Nations andEuropean Central Bank
d) IMF, European Union andEuropean Central Bank
70 Which group of firms is facing charges from SEBI for violating various norms ofmobilization of funds from the public?a) Aditya Birla Group b) Vijaya Malya Groupc) Sahara Group d) All the above
71 Recently a sting operation on money laundering activities by some private bankswas conducted in India bya) Financial Express b) Cobra Postc) Wikileaks d) RBI and SEBI jointly
72 According to recent Banking Ombudsman Report, which type of complaints aremore in number form Banking Sector?a) Card related complaints b) Excess Interest charged related
complaintsc) SB Account maintenance
related complaintsd) Cheque collection delay related
questions
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73 “Visa / Master Card Secure” is aa) Card to Card transfer
mechanismb) A second factor authentication
c) A special Card offered by bothVisa and Master jointly
d) A special mechanism betweenVisa and Master to settle theirtransactions
74 Which type of cards are being introduced on a large scale to protect users fromskimming and cloning?a) Secure Cards b) Second factor authenticationc) Chip based Cards d) All the above
75 What is the name of the scheme launched under PDS (Public DistributionScheme) to benefit poor families with foodgrains availability?a) AAY (Antyodaya Anna Yojana)
schemeb) Antyodaya Dhanya Yojana
(ADY) schemec) Rajiv Anna Yojana d) Rajiv Dhanya Yojana
76 Who is SEBI chairmana) R V Verma b) T S Vijayanc) U K Sinha d) Vijay kelkar
77 Who is new Vice Chancellor of Nalanda Universitya) Suniana Singh b) Vijay Kelkarc) Praveen Sastry d) None of the above
78 Which country has become new new member of SASEC South Asia Sub-Regional Economic Cooperation programmea) Myanmar b) Chinac) South Korea d) Iran
79 Who is the new chairman of the CBEC (Central Board of Excise & Customs)a) Najib Shah b) Ms.Vanaja N.Sarnac) Nitish Kumar d) Milind Sharma
80 Which Country has recognised Bitcoin & Digital Currencies as Legal Moneya) Japan b) Chinac) South Korea d) United States of America
81 India’s first solar Power Boad “Aditya” is launched ina) Kerala b) Andhra Padeshc) Gujarat d) Madhya Pradesh
82 The 2017 annual meeting of WEF – (World Economic Forum) will be helda) China b) Japanc) Singapore d) Switzerland
83 India’s first international stock exchange “India International Exchange” ha sbeenlaunched ina) Hyderabad b) Punec) Gandhinagar d) Mumbai
84 The insurance Company tied up with SIDBI for capital support to Enterprises isa) Life Insurance Corporationof
India (LIC)b) New India Assurance Co. Ltd
c) SBI Life insurance Co. Ltd d) Oriental Insurance Co.Ltd85 Expected date of roll-out of GST is
a) 1st of July 2017 b) 1st of August 2017c) 1st of June 2017 d) None of the above
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ANSWERS- GENERAL AWARENESS – 2
1 a 2 b 3 b 4 a 5 b6 d 7 a 8 d 9 c 10 c11 a 12 b 13 b 14 d 15 a16 a 17 d 18 c 19 b 20 a21 c 22 d 23 c 24 c 25 a26 b 27 d 28 d 29 a 30 b31 b 32 a 33 a 34 b 35 d36 b 37 c 38 a 39 c 40 b41 c 42 a 43 d 44 a 45 a46 a 47 d 48 b 49 a 50 a51 b 52 c 53 c 54 d 55 d56 d 57 d 58 a 59 b 60 d61 c 62 a 63 b 64 d 65 c66 b 67 d 68 a 69 d 70 d71 c 72 b 73 a 74 d 75 a76 c 77 a 78 a 79 b 80 a81 a 82 d 83 c 84 a 85 a
GENERAL AWARENESS-3
Compiled by Sri. P.Adityudu, Manager (Training)
1. The present CRR isa) 3% b) 4%c) 5% d) 6%
2. Base rate of SBI as on 01.04.2017 isa) 9.50% b) 10.00%c) 9.10% d) 9.00%
3. Present Bank rate isa) 6.50% b) 8%c) 7.5% d) 7.75%
4. Which airliner borrowed substantially from SBI is facing liquidity problems?a) Air India b) Jet Airwaysc) Kingfisher Airlines d) Indigo Airlines
5. MCX stands fora) Money Commodities Exchange b) Multiple Commodities Marketc) Multi Commodities Xchange d) Multi Commodities Exchange of
India6. Subir Gokarn is
a) SEBI chief b) Election Commissionerc) RBI Deputy Governor d) Advisor to Ministry of Finance.
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7. White Label ATM (WLA) is an ATM owned bya) Banks b) NBFCc) Owned by non-bank and runs for
banks on fee basisd) By many banks together for
collective use.8. “PPP” represents
a) A political party in Uttara Pradesh b) An investment concept forinfrastructure projects
c) A new concept in financialinclusion.
d) None of the above
9. In recent times SENSEX generally became more sensitive to which of thefollowing factors?a) FII flows b) FDI flowsc) Money flow from Mutual Funds d) Profits announced by companies.
10. Which five countries together are known as PIIGS?a) 5 East Asian Countries b) 5 Latin American countriesc) 5 Southern Eurozone nations d) 5 Central Asian Nations
11. As per recent RBI guidelines which of the following is correct regarding WhiteLabel ATM?a) Five free transactions per month
can be conducted by customersb) WLA is hired by one bank.
c) Usage charges are displayed forthe customers
d) All the above
12. The Railway budget is presented to the parliament ona) 15th Feburary. b) 15th March.c) 31st March. d) Along with Union Budget on 1st
February13. Who is the MD&GE of Corporate Accounts Group of SBI
a) B.V.Chaubal b) B.Sriramc) V.G.Kannan d) P.Pradeep Kumar
14. Which of the following rates provide direction to interest rates in the country?a) Bank Rate b) Prime Lending Ratec) Repo and Reverse Repo Rates d) Base Rate
15. If RBI cuts CRR, thena) Excess Cash will be removed
from the economyb) Liquidity will be infused into the
economyc) Foreign Inward Remittances will
take place on large scale.d) Either (a) or (b)
16. What are the main components for fixing base rate by a bank?a) Cost of Deposits, Operating
Costs and Profit Marginb) Cost of Deposits, CRR & SLR
Costs and Profit Marginc) Profit Margin , Operating Costs
and CRR & SLR Costsd) Cost of deposits, Profit Margin ,
Operating Costs and CRR & SLRCosts
17. Which of the following rates play a key role in RBI’s LAF (Liquidity AdjustmentFacility)?a) Repo and Reverse Repo Rates b) Bank Ratec) PLR d) All the above
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18. The income tax in india is aa) Indirect and Progressive b) Direct and Proportionalc) Direct and Progressive d) Indirect and proportional
19. Which of the following is true with respect to Bank rate?a) A statutory rate in terms of
Banking Regulation Actb) A non-statutory rate used by RBI
to provide direction to the interestrate regime
c) A statutory rate in terms of RBIAct
d) Bank Rate moves in tune withRepo and Reverse Repo Rates
20. The state with highest population density in India as per census 2011 isa) NCT Delhi b) Biharc) Tamilnadu d) Kerala
21. Fiscal policy is connected with ______a) Issue of currency. b) Exports and imports.c) Public revenue and expenditure. d) None of these.
22. AMA (Advanced Measurement Approach) is used to calculatea) Operational risk b) Credit Riskc) Market Risk d) Sovereign risk
23. “Capital Conservation Buffer” was mentioned ina) Basel-1 b) Basel-IIc) Basel-III d) RBI Mid term policy Review
24. Malegaom Committee was set up by RBI fora) Reviewing LAF b) Looking into Micro Finance
Institutions regulation issuec) Review Bank rate concept d) To look into issues related to
MSME finance.25. Government Business can be conducted by
a) Public Sector Banks only b) Public Sector Banks and a fewprivate sector Banks
c) All public Sector and Private sectorbanks
d) None of the above
26. Under FRBM (Fiscal responsibility and Budget management) mechanism, thefiscal deficit to be restricted toa) 3% of GDP b) 4.5% of GDPc) 5% of GDP d) No such restriction
27. Gross Domestic Savings of India as part of GDP hover in the range ofa) 10-15% b) 15-18%c) Around 20% d) Around 30%
28. Which of the following are called EMV Cards?a) Magnetic stripe cards b) Signature based cardsc) Chip based cards d) All the above
29. At present which bank is leading in setting up of POS machines?a) ICICI Bank b) Axis Bankc) SBI d) Bank of Baroda
30. A CRR cut is expected toa) Increase liquidity in the market b) Boost NIM of banksc) Increase trends of inflation d) All the above
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31. Which country is the largest consumer of sugar in the world?a) USA b) Chinac) India d) Brazil
32. Which of the following is not a direct tax ?a) Wealth tax b) Income taxc) Estate Duty d) Sales tax.
33. Recently RBI gave banking licenses to which of the following institutions ?a) IDBI and Bandhan b) Godrej and videoconc) Bajaj and Reliance d) Sundaram and Manapparam
34. HDI (Human Development Index) is a measure of human development used bya) World Bank b) IMF (international Monetary fund)c) G- 7 Nations d) UNDP of UNO (United Nations
Organization)35. A decrease in general price level of goods and services in an economy is called
a) Inflation b) Hyperinflationc) Deflation d) Disinflation
36. Broad Money in Indian economy is denoted bya) M1 money supply b) M2 money supplyc) M3 money supply d) None of the above
37. The effective literacy rate of India as per census 2011 isa) 68.34% b) 74.04%c) 70.12% d) 68.25%
38. The population density of India as per census 2011 isa) 282 b) 382c) 252 d) 352
39. The agency to look after the regulation of foreign trade of India isa) Ministry of commerce b) EXIM Housec) EXIM Bank d) DGFT
40. Statutory liquidity ratio (SLR) isa) 22.5% b) 23%c) 20.5% d) 24.5%
41. Insurance for exports from and imports to India is provided bya) Banks b) ECGCb) EXIM Bank d) All the above
42 Which two organizations are popularly known as “Brettenwoods Twins”?a) World Bank & United Nations
Development Program (UNDP)b) IMF and UNDP
c) IMF and World Bank d) IMF and InternationalReconstructions Fund
43 SDR is a drawing facility availablea) From world Bank to member
nationsb) From IMF to member nations
c) From Exim bank to big Corporatehouses in India
d) Aid from UNDP
44 Government of India decided year 2017 to asa) Cash Less b) Tourismc) Water Conservation year d) Alleviating Poverty
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45. Who is is the chairman of UPSC?a) T.Jacob b) Subodh Dasc) Laljit Singh d) RK Patil
46 The president of World Bank isa) Nicolas Sarkozy b) Alexi Kudrinc) Jim Yong Kim d) Christine Lagarde
47. There is a growing controversy about the deliberate undervaluation of aparticular currency to gain unfair advantage in trade by that nation. Whichcurrency is that?a) Yuan b) Yenc) Rial d) Euro
48. Chief Executive of IBA (Indian Banks Association) isa) K.Ramanathan b) Mohan V Tankasalec) Sandeep Deshpande d) Sudip Gokarn
49. “Gen X “ is a deposit product launched bya) Oriental Bank of commerce b) SBHc) Andhra Bank d) Bank of Baroda
50. There is a growing controversy between Tamilnadu and Kerala regarding whichdam?a) Periyar Dam b) Udukki damc) Mullaperiyar dam d) Idukki dam
51. The present Repo rate isa) 6.5% b) 6.75%c) 7.75% d) 6.25%
52. The present Reverse repo rate isa) 6% b) 5.75%c) 6.75% d) 5.5%
53. First ATM in India was installed in the year 1987 bya) SBI b) HSBCc) Standard & Chartered Bank d) Citi Bank
54. Investment limit under Sec 80C of the Income-tax act raised from 1 lack toa) 1.25 lacs b) 2 lacsc) 1.50 lacs d) 1.75 lacs
55. The Noble peace prize to Satyarthi and Malala Yousafzai is for the foughtagainsta) Right of all children to
educationb) Labour reforms
c) Protecting against widowmarriages
d) None of these
56. Under Basel III, RBI has stipulated a CRAR(Capital to Risk weighted AssetRatio) ofa) 9% b) 11.5%c) 10.5% d) 8%
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57 Computer security day is observed ona) Nov 30th b) Sep 30thc) Sep 14th d) Nov 14th
58. The union Budget is presented to the parlament on this daya) 28th of February every year b) 1st of February every yearc) 31st of March Every Year d) As decided by the Government
59 The Trade Finance Software “Exim Bills” is being provided bya) China system b) Infosysc) TCS d) IBM
60 Which state ranked No.1 in “Economic Freedom”a) Maharashtra b) Gujaratc) West Bengal d) Tamilnadu
61. Sachin Tendulkar’s model village in Andhra Pradesh isa) Mummidivaram, EG Dist b) Narsipatnam, Visaka Distc) Puttamraju Kandriga, Nellore
Distd) Machilipatnam, Krishna Dist
62. The first asian country to send aircraft to Mars isa) China b) Indiac) Pakistan d) Srilanka
63. The author of book “The Accidental Prime Minister-the making and unmaking ofManmohan Singh”a) Sanjay Baru b) Pranab Mukherjeec) PC Parakh d) Sachin Tendulkar
64. The autobiography of Sachin Tendulkar isa) Playing cricket b) Playing it my wayc) The godfather d) None of the these
65. Which airlines plane disappeard in South China Seaa) US airlines b) Arabian airlinesc) Malaysian Airlines d) Singapore Airlines
66. The bank formed on the efforts of Lala Lajpat Rai isa) Bank of Baroda b) Punjab National Bankc) Canara Bank d) Central Bank of India
67. The slogan “India’s International Bank’ is of which Bank?a) Punjab National Bank b) Bank of Barodac) Allahabad Bank d) Bank of Maharashtra
68. The slogan “ Experience our expertise” is of which Bank?a) Axis Bank b) HSBCc) BNP Paribus d) Yes Bank
69. The aim of 12th Five Year plan 2012-13 to 2016-17 isa) Growth with social justice and
equalityb) Faster and inclusive growth
c) Faster and inclusive andsustainable growth in all sectors
d) Maximisation of employment
70. The slogan “The Art of Being Smart” is of which insurance company?a) United India Insurance Co., Ltd b) The New India Ins.,Com Ltd.,c) The oriental insurance co., Ltd d) General Insurance Corporation
of India
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71. Which ndian business group has announced joint venture with a South AfricanInsurance giant MMI Holding Ltd., to enter India’s health Insurance marketa) Reliance Group b) Aditya Birla Groupc) Tata group d) Bharati Enterprises
72. In International banking, TIBOR stands fora) Tokyo Interbank offered rate b) Taiwan interbank offered ratec) Thailand Interbank offered rate c) None of the above
73. The term Paper Gold refers toa) Gold bonds b) Special Drawing Rightsc) Mutal funds d) Gold traded funds
74. Which country has recently launched “Gandhi Inspired Tourist AttractionProject”a) England b) USAc) Pakistan d) South Africa
68. United Nations has decided to dedicate year 2017 to which of the following?a) Water conservation b) Nuclear Energyc) Clean India d) Sustainable Tourism for
development69. International Internet day was observed globally on
a) October 29 b) October 30c) October 24 d) October 1
70. With which bank, RBI has signed a pact for supervisory cooperation andexchange of supervisory information.a) Federal Reserve Bank b) Central Bank of Kenyac) Bank of China d) Bank of Japan
71. Social networking site of SBIa) SBI Aspirations b) SBI Facebookc) SBI Twitter d) SBI You tube.
72. Which committee recommended a maximum age of 65 for private bank CEOs?a) Damodaran committee b) A.K.Kandelval committeec) Dr. Rangarajan committee d) P J Nayak committee
73. SBI has its social media presence ona) Only Face book b) Facebook, You tube and
Twitter.c) Face book and twitter d) Facebook and Youtube
74. Union Government recently approved amendment to __ Act 1981 forincreasing authorized capitala) NABARD b) RBIc) SBI d) CAPITAL
75. What is a Masala Bonda) To invest in commodies market b) Bonds to get exemption under
ITc) Raised by individual d) Rupee demoniated bonds to
raise money from foreignmarkets
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76. For merger of Associates into SBI which acts have to be amendeda) BR Act & RBI Act b) RBI Act & SBI Actc) SBI Act & SBH Act d) SBI Act. & Associate Bank ‘sAct
77. What is “Indradhanush”a) Plan for recapitalization of
Public Sector lendersb) New Deposit Scheme
c) Scheme for Instant Issue ofPassport.
d) New Scheme to protectEnvironment
78. RBI is to set up a separate Enforcement Department toa) To monitor the NPAs b) Monitor banks against violation
of regulations.c) To monitor digital transacntions
of the banksd) To monitor cash transactions
79. Recently RBI issued Final Payments Bank Licence toa) India Post b) SBIc) Tata Services d) Reliance
80. Other entities who got final Payments Bank Licence from RBI area) Tata Services & Birla Group b) Bharati Airtel & Paytmc) d) Reliance & SBI
81. What is FSDCa) Financial stability and
Distribution Channelb) Financial Stability and
Development Commissionc) Financial Stability and
Development Councild) None of the above
82. Who is the Chairman of FSDCa) Union Finance Minister b) Prime Ministerc) Reserve Bank Governor d) Finance Secretary
83. New Executive Director of RBI isa) Ms.Malavika Sinha b) Mr.Govind nikhlanic) Mr.Sanjay Baru d) Mr.K.Ramanathan
84. RBI has recently increased the limit of Prepaid Payment Instruments toa) Rs.10,000/- b) Rs.20,000/-c) Rs.40,000/- d) Rs.15,000/-
85. What is FDMCa) Financial Distributory and
Maintainance Centreb) Finanancial Development and
Maintenance Councilc) Financial Data Management
Centred) Financial Data Merging Centre
86. GOI has appointed _______ as new Deputy Governer of RBIa) Mr.Ajay Thagyi b) Sri Hemant Khandevalc) Mr.N.Ramachander Rao d) Mr.V.Acharya
87. What is SBI’s Mobile Wallet appa) Eazy Pay b) SBI Buddyc) Mobicrash d) Mobi Wallet
88. Which village is declared as first digital village of india.a) Sangareddy of Telangana State b) Pedana of Andhra Pradesh
Statec) Akodara of Gujarat State d) Kandriga, Goa State
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89. What is the name of the new Payment System launched by Prime Ministerrecentlya) BHIM b) Buddyc) e-Zee Pay d) Mobi Transfer
90. What is GSTa) Goods and Services Tax b) Goods and Statutary Taxc) Global Service Tax d) Government Service Tax
91. GST is applicalbe in which statesa) All the States. b) All the States Except J&K and
North Eastern Statesc) All the states Except J&K d) Non of the above
92. GST is Governed bya) Finance Minister b) Prime Ministerc) Neti Ayog d) GST council
93. Chairman of GST Council isa) Prime Minister b) Finance Secretaryc) Union Financi Minister d) RBI Governor
94. GOI compensates the states for revenue loss o/a introduction os GST is fora) 3 Yrs from date of Introduction. b) 5 Yrs from date of Introduction.c) 10 Yrs from date of Introduction. d) No Compensation will be given
95. 2nd annual meeting of New Development Bank is hosted bya) India b) Chinac) Brazil d) Pakistan
96. Which Bank has launched “UNNATI” Credit Card to spread credit inclusion?a) Bank Of india b) Union Bank Of Indiac) State Bank Of India d) ICICI Bank
97. Truecaller Pay the UPI based mobile payment service has partnered withwhich banka) State Bank Of India b) ICICI Bankc) Axis Bank d) HDFC Bank
98. Money Plant Rupay International Platinium Debit Card is launched by whichbanka) Bharateeya Mahila Bank b) AXIS Bankc) Union Bank Of India d) Karnataka Bank
99. Which company is the new sponsor for the Indian Cricket?a) Reliance b) Aditya Birla Groupc) Oppo d) Sahara
100. For the year 2016 which bank has been adjudged the “Best Small Bank”a) Indus Ind Bank b) Bharateeya Mahila Bankc) Karur Vysya Bank d) Kotak Mahindra Bank
ANSWERS- GENERAL AWARENSS – 3
1. b 11. c 21. c 31. c 41. B2. c 12. d 22. a 32. d 42. C3. a 13. b 23. c 33. d 43. B4. c 14. c 24. b 34. d 44. D
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5. d 15. b 25. c 35. c 45. A6. c 16. d 26. a 36. c 46. C7. c 17. a 27. d 37. b 47. A8. b 18. c 28. c 38. b 48. B9. a 19. c 29. c 39. d 49. B10. c 20. a 30. d 40. c 50. C51 d 61 c 71 b 81 c 91 c52 b 62 b 72 c 82 a 92 d53 b 63 a 73 b 83 a 93 c54 c 64 b 74 a 84 b 94 b55 a 65 c 75 d 85 c 95 a56 B 66 b 76 c 86 d 96 c57 a 67 b 77 a 87 b 97 b58 b 68 d 78 b 88 c 98 d59 a 69 c 79 a 89 a 99 c60 b 70 b 80 b 90 a 100 c
General Awareness – 4
Prepared by Sri. P.Adityudu, Manager(Trg)
1. Prime Ministers prestigious project Make in India is related toa) Discourage Multinational
companies vis a vis our domesticcompanies
b) Manufacturing abroad and labellingin India
c) Encouraging Multinational anddomestic countries to manufacturein India.
d) Encourage Banks and financialinstutions to design products inIndia.
2. Make in India was launched ona) 25.09.2014 b) 26.01.2015c) 25.07.2015 d) 15.08.2015
3. Make in India policy consists of ______sectorsa) 10 b) 15c) 20 d) 25
4. 2017 G-20 summmit will be held ina) Hamburg b) Genevac) Beijing d) None of the above
5. The project relating to cleanliness of rural and urban areas isa) Swatch India b) Surabhi Bharatc) Swatchata Bharat d) Swachh Bharat
6. Goveronor of RBIa) Dr. Raghuram Rajan b) Dr. Subba Raoc) Dr. K C Chakraborthy d) Urjith Patel
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7. Foreign exchange reserves of India as on March 2017 werea) US$370 billion b) US$353 billionc) US$275 billion d) US$253 billion
8. NITI Aayog stands fora) National Institute for Technology
and Investmentb) National Institution for
Transforming Indiac) National Institute of Tech
Initiativesd) None of the above
9. Period of demonitization announced by GOI recently isa) 09.11.2016 to 30.12.2016 b) 08.11.2016 to 31.12.2016c) 09.11.2016 to 31.03.2017 d) None of the above
10. The CEO of a MNC is sacked Recently isa) Nusli Wadia b) Pallonji Mistryc) Cyrus Mistry d) Noneof the above
11. The period of new Foreign trade policy isa) 2015-2020 b) 2014-2019c) 2012-2017 d) 2012-2018
12. The twelth five year plan isa) 2014-2019 b) 2015-2020c) 2012-2017 d) 2013-2018
13. The other Name of Career Development Scheme (C.D.S)a) Saksham b) Sakshyamc) Suraksha d) Suraksha unnati
14. C.D.S is revamp of __________a) Products of SBI b) Products of SBI Associatesc) Human Resources d) None of the above
15. The 5 grades of C.D.S area) A, B, C, D, E b) AAA, AA, A, B, Cc) AA, A, B, C, D d) 1, 2, 3, 4, 5
16. The Consultants of C.D.S area) Mckensy and Co b) Price water Cooperc) Boston Consultancy group d) L & T
17. NITI Aayog replaceda) National Informatic Centre b) Planning Commissionc) National Advisory Council d) None of the above
18. Chairperson of NITI Aayog isa) Union Finance Minister b) Prime Ministerc) RBI Governor d) None of the above
19. The Governing council of NITI Aayog isa) CMs of States & Lt.Governors of
Union Teritoriesb) All the Union Ministers
c) Governors of all the States d) None of the above
20. First District to become the geotag of all the assets created under MGNRGA isa) Siddipet of Telangana State b) Dharvad of Karnataka Statec) Kangra of H.P State d) None of the above
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21. Finacle is CBS software developed bya) TCS b) Infosysc) IBM India d) i.flex solutions
22. Which committee on customer service appointed by RBI recommended forrestoration of cash failed to be dispensed through ATMs to the customer’saccounts within 5 days?a) Damodaran Committee b) Khale Committeec) Usha Thorat Committee d) Narendra Dev committee
23. SEBI was established ina) 1993 b) 1992c) 1988 d) 1990
24. WMA (Ways and means advances) isa) Bank borrowings from RBI b) Government borrowings from RBIc) Government borrowings from Banks d) RBI borrowings from banks.
25. How many digits are there in the Unique Identity Number ‘Adhaar’, issued by theUnique Identification Authority of India (UIDAI)a) 9 b) 11c) 12 d) 16
ANSWERS - GENERAL AWARENSS -41 c 2 a 3 d 4 a 5 d6 d 7 a 8 b 9 a 10 c11 a 12 c 13 a 14 c 15 b16 c 17 b 18 b 19 a 20 c21 b 22 a 23 b 24 b 25 c
ORGANISATIONAL STRUCTURE AND HISTORY
Compiled by Sri.P.Adityudu, Manager (Training)
1. On recommendations of and ________through passing of an Act inparliament, Imperial Bank of India was renamed as State Bank of India on 1stJuly 1955.a) All India Rural Credit Survey
Committee (Gorawala Committee)b) Goiporia committee
c) Narsimham committee d) RBI recommendations
2. State Bank Mobi Cash has been launched by SBI under with the partnership?a) Bharati Airtel b) BSNLc) Realiance Communications d) None of the above
3. Fully wholly owned banking subsidiary of SBIa) Nepal SBI Bank Ltd b) SBI Mauritius Ltdc) SBI Commercial & International
Bank Ltd (SBICI)d) SBICAP Securities Ltd
4. Find out which is not one of the Joint Venture of SBIa) SBI Macquarie SBI Infrastructure
Trustee Pvt Ltdb) Oman India Joint Investment
Fund-Trustee Co Pvt. Ltdc) GE Capital Business Process
Management Services Pvt Ltdd) SBI General Insurance
Company Ltd
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5. Which of the following statement is wrong?a) SBI’s Registered Office & Central
Accounts Office is in Kolkatab) SBI’s Corporate Centre (Apex
Office) is in Chennaic) Corporate Centre headed by
Chairmand) SBI’s Corporate Centre is in
Mumbai.6. Each Business Group is headed by
a) Deputy Managing Director b) Managing Directorc) Chief General Manager d) Chairman
7. State Bank of India has adopted _____villages under “SBI ka ApnaGaonScheme”.a) 1,272 b) 2,272
c) 1,722 d) 2,722
8. The Bank has ____ foreign offices in ___ countries spanning all time zones.a) 173: 34 b) 200:37c) 34:173 d) 34:186
9. Stressed Assets Management Group (SAMG) resolves all NPAs of Rs.___andabove across the country with a view to provide focused efforts in resolution ofNPAs.a) 10 cr b) 1 crc) 100 cr d) 1000 cr
10. Asset Liability Management Committee (ALCO) is headed bya) MD & GE CAG b) Chairman & DMDc) MD & CCRO d) DMD & CFO
11. Strategic Training Unit has been created headed by a ________to cater toever increasing training needs of the Bank. There are 5 ATIs (Apex TrainingInstitutes) and 47 SBLCs State Bank Learning Centres) across the country.a) DGM (L&D) b) AGM (L&D)c) CGM (L&D) d) CM (L&D)
12. The current Interest rate of PPF Balance isa) 8.10% b) 8.00%c) 7.95% d) 7.90%
13. Consultants for BPR in SBI –a) Deloitte consultancy b) Tata consultant servicesc) Mc Kinsey d) None of these
14. The following is not the Pillars of BPRa) NPA Management b) Alternate Delivery Channelsc) Centralized Processing Centers c) Branch Re-design
15. The following is not a Central Processing Centrea) Retail Asset Central Processing
Centre (RACPC)b) Currency Administration Cell
(CAC)c) Small and Medium Enterprise City
Credit Centre or SMECCCd) Centralized Clearing Processing
Centre(CCPC)
16. Turn Around Time (TAT) for Housing Loan at BPR centre under builder tie-upa) 6 days b) 16 daysc) 7 days d) 17 days
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17. SBI Buddy is available in ____ languagesa) 6 b) 10c) 13 d) 8
18. CRA model is applicable for limits of ________a) above 25lacs for all segments b) 25 lacs and above for all
segments except Personalsegment
c) above 50lacs for all segments d. 50lacs and above for all segmentsexcept Personal segment
d) None of the above
19. If loan is given by two or more Banks jointly then it isa) multiple banking b) consortium
c) sole banking d) None of these20. Requirement of double signature while issuing DFT/ Banker‟s cheque
increased from 50000/- to …….a) 1,00,000 b) 1,50,000/-c) 2,00,000 d) No such change
21. What is “e_Booste”’a) Migrating transactions from
branches to INB Channelsb) Migrating transactions from
branches to GCCc) Migrating more & more transactions
from branches to GRCd) Migrating more & more
transactions from branches toATM
22. SBI General ‘Health Insurance’ pilot launched w.e.f ………a) 01.09.2013 b) 02.09.2013c) 03.09.2013 d) 04.09.2013
23. Priority Sector lending pertaining to Housing loans is reckoned up to Rs.___a) 5 lacs b) 15lacsc) 25 lacs d) 75 lacs
24. Abbreviation of GLIF is______.a) General Ledger Interchange File b) General Ledger Interface Filec) General Loss Identification File d) General Loss Interface File
25. e-filing of income tax returns is mandatory for individuals with annual taxableincome ofa) Above Rs. 3.00 lacs b) Above Rs. 5.00 lacsc) Above Rs. 7.50 lacs d) Above Rs.10.00 lacs
26. China’s Currency isa) Yuan b) Yenc) Taka d) None of the above
27. GOI has announced the scheme during the demonitization period to controlthe Black Money in the country isa) Pradhanmantri Garib Kalyan
Deposit Schemeb) Pradhan Mantri Jandhan
Yojanac) Pradhanmantri Mudra Yojana d) None of the above
28. SBI has sponsored_____ RRBs,a) 3 b) 5c) 10 d) 15
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29. Interest concession for women given by SBI in which of the following schemea) Housing Loan b) Personal Loanc) Agr Gold Loan d) Car Loan
30. Total Number of Foreign branches of SBI isa) More than 225 b) More than 198 branchsc) More than 250 d) None of the above
31. The Subsidiary launched by SBI for implementation of CSR isa) SBI Power b) SBI Servicesc) SBI Foundation d) None of the above
32. BCSBI meansa) Business correspondent of SBI b) Bankers Cheque of SBI
c) Banking Codes and StandardsBoard of India
d) Bank Commission acct of SBI
33. SBI’s Mobile Wallet Buddy launched in collaboration wittha) Accenture & Master Card b) Tata consultancy Services
c) Infosys & Master Card d) None of the above34. SBI started dedicated Specialized Branch for Start-Ups called is.
a) SBI – In Cube b) SBI -Startsc) SBI - Exclusive d) None of the above
35. Recently SBI sought approval to operate in the following country along withother Asian Asian Banks isa) Bhutan b) Srilankac) Singapore d) Myanmar
36. FIBU stand fora) Financial Institutions Business Unit b) Foreign Institutions Business
Unitc) First Institution Business unit d) Former Institution Business Unit
37. SBI launched a single wndow for investment of the following country and thesingle window is called:a) China – China Source b) Japan – Japan Deskc) Myanmar – Myans source d) None of the above
38. SBI tied up with the following e-commerce gaint isa) Flipkart b) Amazonc) Snapdeal d) Shopclues
39. SBI’s new Social Media Banking Platform isa) SBI Mingle b) Twitterc) Face Book d) Pintrest
40. New Managing Director of SBI appointed by GOI isa) Mr.B.Sriram b) Mr.Rajanish Kumarc) Mr.Praveen Kumar Gupta d) Mr.Dinesh Kumar Khara
41. Aggregate amount of Member’s contribution and Bank’s contribution plusinterest /income (if any) of Pension is known as _________.a) Pension Treasure b) Cumulative Pensionc) Pension Wealth d) Double Pension
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42. Advertisement "Paisa Bolta Hai" is related to ____________.a) Highlighting security features of
Bank Notesb) Promotion of Credit Cards
c) A slogan of Reserve Bank of India d) Promotion of Debit cards43. Grievance Redressal Committee was reconstituted at Corporate Centre to
redress the appeals/representations of willful defaulters is headed bya) Chairman b) MD & GE (IB)c) DMD & GE (SAMG) d) Any DMD
44. Under Corporate Social Responsibility our Bank has taken new stepsbeneficial to environment.a) Green Champion b) Ozone Championc) Green Colour Banking d) Both (a) & (b)
45. Ultra Small Branches of the Banks are in the context of ______________a) Financial Inclusion b) Focused lending for SMEc) Intensified Agricultural lending d) Priority sector lending
46. To facilitate online monitoring of currency chests maintained by us a Websitecalled ________has been launched.a) CAC – online b) ‘CURRENCYCHEST-online’c) RBI – online d) SBI – online
47. After the merger of new banks into SBI’s market share is expected to increasebya) 22.5% – 23% b) 18% - 20%c) 23% - 25% d) None of the above
48. The past and the latest data of the branch business environment, andeconomic data is available ina) P Report b) B.S.R. Reportc) Branch Dossier d) Weekly Abstract
49. Legal expenses incurred by the bank in respect of Recalled assets accountsare to be debited toa) Charges A/c - legal b) respective PB/RD A/cc) Cash Receipt d) Charges – sundries
50. Which bank merged with State Bank Of India along with 5 associates?a) Bharateeya Mahila Bank b) Punjab & Sind Bankc) Maharana Pratap Bank d) Uco Bank
Organizational Structure key
1 a 2 b 3 c 4 b 5 b 6 a 7 a 8 b 9 a 10 c11 c 12 d 13 c 14 a 15 b 16 a 17 c 18 b 19 b 20 b21 a 22 b 23 c 24 b 25 b 26 a 27 a 28 d 29 a 30 b31 c 32 c 33 a 34 a 35 d 36 a 37 b 38 a 39 a 40 d41 c 42 a 43 b 44 d 45 a 46 b 47 a 48 c 49 a 50 a
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Supervisory roles and Responsibilities
Prepared by Sri. P.Adityudu, Manager (Trg)
1. Passing powers of MMGS-II and abovea) Rs.5,00,000/- lacs b) Rs.10,00,000/- lacsc) Rs.4,00,000/- lacs d) Unlimited.
2. Passing powers of PO, TO is Cash Rs______ & Transfers_______ (3 monthsafter their date of joining)a) Rs.20000/- and Rs.25000/- b) Rs.25000/- and Rs.50000/-c) Rs.50000/- and Rs.100000/- d) None of the above
3. Passing powers of PO, TO is Cash Rs_____& Transfers_______ (6monthsafter their date of joining)a) Rs.25000/- and Rs.50000/- b) Rs.50000/- and Rs.100000/-c) Rs.100000/- and Rs.200000/- d) Rs.200000/- and Rs.500000/-
4. Passing powers of JMGS –I/ PO, TO is Cash Rs_____& Transfers_______(2nd year of probation)a) Rs.50000/- and Rs.100000/- b) Rs.100000/- and Rs.200000/-c) Rs.200000/- and Rs.500000/- d) None of the above.
5. Passing powers of JMGS-I designated as Accountant, Field officer, BranchManager, Manager of Division area) Cash-Rs.200000/- and Transfer-
Rs.500000/-b) Cash-Rs.500000/- and
Transfer-Rs.1000000/-c) Cash-Rs.700000/- and Transfer-
Rs.800000/-d) Unlimited.
6. The role of Assistant is redesignated asa) Assistant (Cash and Accounts) b) Junior Associatec) Junior Associate (Customer Support
and sales)d) None of the above
7. The role of Customer Assistant is redesignated asa) Customer Assistant (Sales) b) Customer Assistant(Customer
support & sales)c) Associate (Customer Support &
sales)d) None of the above.
8. The role of Senior Assistant is redesignated asa) Senior Assistant (Sales) b) Senior Associate (Customer
support)c) Senior Associate (Sales) d) Senior Associate (Customer
support & Sales)
9. The role of Special Assistant is redesignated asa) Special Assistant (Sales) b) Chief Associate (Customer
support and sales)c) Special Associate (Sales) d) Special Associate (Customer
support & Sales)10. The role of Senior Special Assistant is redesignated as
a) Senior Special Assistant (Sales) b) Senior Special Associate(Customer support and sales)
c) Chief Special Associate (Customer d) Chief Associate (Customer
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support and sales) support and sales)11. Passing powers of Chief Associate (Customer Support & Sales) is Cash
Rs__________& Transfers_______a) Rs.200000/- and Rs.500000/- b) Rs.400000/- and Rs.500000/-c) Rs.100000/- and Rs.400000/- d) Unlimited
12. Passing powers of Special Associate (Customer Support & Sales) is CashRs_________& Transfers_______a) Rs.200000/- and Rs.500000/- b) Rs.100000/- and Rs.400000/-c) Rs.400000/- and Rs.500000/- d) None of the above
13. Passing powers of Senior Associate (Customer Support & Sales) is CashRs_________& Transfers_______a) Rs.50000/- and Rs.100000/- b) Rs.100000/- and Rs.200000/-c) Rs.200000/- and Rs.400000/- d) None of the above
14. Passing powers of Junior Associate (Customer Support & Sales) with capabilitylevel 1 is Cash Rs_________& Transfers_______a) Rs.50000/- and Rs.100000/- b) Rs.25000/- and Rs.50000/-c) Rs.20000/- and Rs.25000/- d) Rs.15000/- and Rs.20000/-
15. Passing powers of Associate (Customer Support & Sales) is CashRs_________& Transfers_______a) Rs.50000/- and Rs.100000/- b) Rs.25000/- and Rs.50000/-c) Rs.35000/- and Rs.70000/- d) Rs.15000/- and Rs.20000/-
16. Passing powers of RM(SE) JMGS I officer is Cash Rs_________&Transfers_______a) Rs.200000/- and Transfer-
Rs.500000/-b) Rs.200000/- and Transfer-
Rs.1000000/-c) Cash-Rs.700000/- and Transfer-
Rs.800000/-d) Unlimited
17. Passing powers of Special Management Executives MMGS III officer for thefirst 6 months and after 6 months is Cash Rs_________& Transfers_______a) Up to 6 months : Rs.50000 &
Rs.100000After 6 months : Rs.200000 &Rs.500000
a) Up to 6 months : Rs.100000 &Rs.200000After 6 months : Rs.100000 &Rs.200000
c) Up to 6 months : Rs.200000 &Rs.500000After 6 months : Rs.500000 &Rs.800000
c) None of the above.
18. Signing powers of JMGS-I/Chief Associate (Customer support & sales) inrespect of Draft/IOI isa) Below Rs.150000/- Individually
Rs.150000/- and above: Jointly withanother official having full signingpowers.
b) Jointly with another officialhaving full signing powers.
c) Unlimited signing powers individually d) None of the above.19. Drafts, Banker cheque’s, SC payment advices to be signed by _____ officials if
the amount is Rs.150000/- and abovea) One official b) Two officialsc) Three officials d) None of the above
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20. LCs/Guarantees to be signed by______ officials irrespective of the amounta) One official b) Two officialsc) Three officials d) None of the above
21. Debits in Income A/cs should be authorized bya) Branch Head b) Controlling authorityc) Accountant d) Field officer
22. Debits in Sundry Deposits should be authorized bya) Accountant b) Controlling authorityc) Field officer d) Branch head
23. Both Debit & Credit in Suspense A/c should be authorized bya) Accountant b) Branch headc) Field officer d) Controlling authority
24. Retention period of power attorney register isa) 5 years b) 10 yearsc) 60 years d) To be retained permanently
25. Record register, letter of Indemnity and General ledger are to be preserveda) 5 years b) 10 years
c) 60 years d) To be preserved permanently
26. Banker Cheque’s prepared by debiting to charges account and are outstandingfor more than 3 years are to be credited toa) Charges(Sundries) b) Branch Exchange a/cc) Branch Commission account d) Cannot be credited.
27. Purchases below Rs.1000/- fixed assets to be debited toa) Fixed assets account(P&M) b) Charges account(Sundries)c) Fixed assets (Furniture and fixtures) d) None of the above
28. Cost of furniture item (Tea poy) amounting to Rs.850/- is debited toa) Fixed assets (Furniture and fixtures) b) Charges account (Sundries)c) Fixed assets account (P&M) d) None of the above
29. The cost of a trunk box for an amount of Rs.700/- for the purpose of using forcash remittancesa) Charges account b) Exchange accountc) Fixed assets account d) Commission account
30. Cheques / Instruments etc in respect of Govt / Non Govt transactions to bepassed by two officials with full passing powers for amount ofa) Rs.10 lacs and above b) Rs.25 lacs and abovec) Rs.50 lacs and above d) It is unlimited individually
31. Production of sureties may not be insisted upon while obtaining indemnity forissuance of duplicate IOI (Draft) where the amount of IOI (Draft) is up toRs_____ if the applicant (purchaser) of a IOI (Draft) is considered good for theamount.a) Rs.5000/- b) Rs.10000/-c) Rs.50000/- d) Rs.100000/-
32. Power of Attorneys are entered ina) Power of Attorney register b) Branch Documents registerc) Miscellaneous security register d) Sundry deposit register
33. LIC Policy given as security for Overdrafts are entered in
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a) Power of Attorney register b) Branch Documents register
c) Miscellaneous security register d) Sundry deposit register34. Death certificates, Succession certificates, Letter of Administration, Probates,
Court orders appointing receivers for property are entered ina) Power of Attorney register b) Branch Documents registerc) Miscellaneous security register d) Sundry deposit register
35. Indemnity Bonds are entered ina) Power of Attorney register b) Branch Documents registerc) Miscellaneous security register d) Sundry deposit register
36. Licenses, Retention limits, Insurance, Title Deed related to Bank’s property,lease, agreement etc are entered ina) Power of Attorney register b) Branch Documents register
c) Miscellaneous security register d) Sundry deposit register37. The unused/ Un surrendered cheque leaves are entered in
a) Power of Attorney register b) Branch Documents registerc) Lost Document Register d) Sundry deposit register
38. DRP & BCP are entered ina) Power of Attorney register b) Branch Documents registerc) Lost Document Register d) Sundry deposit register
39. Water droplet test (Fugitive ink test) needs to be conducted for instruments ofa) Rs.25000/- and above b) Rs.50000/- and abovec) Rs.100000/- and above d) Not required in CTS
40. With effect from 01.07.2017 the revised scoring in RFIA for AdequatlyControlled Branche isa) Marks between 700 - 849 b) Marks between 725 - 849c) Marks between 750 - 849 d) None of the above
41. With effect from 01.07.2017 the revised scoring in RFIA for ModeratlyControlled Branche isa) Marks between 700 - 849 b) Marks between 700 - 849c) Marks between 650 - 724 d) None of the above
42. Proposed Number of Circle after the merger of Associate Banks isa) 14 b) 15c) 16 d) None of the above
43. Under the new TDS system TRS stands fora) Tax Reporting System b) TDS Reporting Systemc) Tax Reconciliation System d) None of the above
44. In MRFTP (Market related fund transfer price mechanism), TP Bid rate meansa) Central office Interest receivable on
depositsb) Central office interest payable
on advancesc) Both a & b d) None of the above
45. In MRFTP (Market related fund transfer price mechanism), TP offer rate meansa) Central office Interest receivable on
depositsb) Central office interest payable
on advancesc) Both a & b d) None of the above
46. Every year expenses on a/c of training of all branch staff is transferred to LHOa) 28th/29th February b) 31st Januaryc) 31st March d) On any day.
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47. Yearly entry relating to staff welfare fund is passed ona) 31st January b) On any day.c) 28th/29th February d) 31st March
48. Income tax register is to be preserved for atleasta) 5 years b) 10 yearsc) 25 years d) permanently
49. Recoveries made on account of written off accounts are credited toa) Charges account(Recovery from
return off accounts)b) P & L account
c) Adjusting account d) Loan account /deposit accountof the customer
50. Bank Guards name is entered in Gun license asa) Owner b) Holderc) Retainer d) Only BMs name entered
51 Minimum Amount to be deposited in Sukanya Samriddhi Account in a FY isa) Rs.1,000/- b) Rs.1,500/-c) Rs 500/- d) No minimum is prescribed
52 Maximum Amount to be deposited in Sukanya Samriddhi Account in a FY isa) Rs.12,000/- b) Rs.6,000/-c) Rs.1,50,000/- d) No Ceiling
53 Penaulty for non payment of minimum amount of Deposit under SukanyaSamriddhi Account isa) Rs.50/- Per year b) Rs.10/- per yearc) Rs.100/- per year d) No Penaulty
54 Withdrawal under Sukanya Samriddhi Account is as undera) Girl child attains 18 years
of age or has passed 10th standard,whichever is earlier
b) Girl child has passed 10th
standard
c) Girl child attains 18 yearsof age d) None of the above55 Pre mature closure of the account can be done on exceptional cases after the
completion of ____ yearsa) 10 yrs from the opening of such
accountb) 5 yrs from the opening of such
accountc) 15 yrs from the opening of such
accountd) Pre mature closure is not
available
KEY FOR MCQ – Supervisory roles and Responsibilities
1 d 2 a 3 b 4 c 5 d6 c 7 c 8 d 9 d 10 d11 a 12 b 13 a 14 d 15 c16 b 17 a 18 a 19 b 20 b21 a 22 d 23 b 24 c 25 d26 a 27 b 28 a 29 b 30 a31 d 32 a 33 c 34 d 35 b36 b 37 c 38 b 39 a 40 b41 c 42 c 43 b 44 a 45 b46 a 47 c 48 b 49 a 50 c51 a 52 c 53 a 54 a 55 b
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BUSINESS CORRESPONDENTS & BUSINESS FACILITATORS
Compiled by Sri.P.Adityudu, Manager (Training)
1 As per latest instructions, Savings Bank accounts opened by Businesscorrespondents/CSPs the instruction is(a) Biometric machines to be
provided at branches in future.(b) Signatures of the account
holders to be scanned andwithdrawls to be allowed atbranches.
(c) Transactions may be allowedat branches, based on photoidentification as in the case ofilliterate customers, tillbiometric machines areinstalled.
(d) All the above.
2 The services of Business facilitators to be(a) Terminate the existing
individual B.Fs on expiry oftheir agreementswef.11.04.2012.
(b) Discontinue the engagement offresh individual B.Fs.
(c) New entity B.Fs(Corporate &NGOs) may be engaged onselective basis and existingentities may be reviewedbased on their contribution andaction taken.
(d) All the above.
3 An officer of the link branch will visit the CSPs once a week on fixed time andday, and will use the visit for(a) Monitor the activities at CSP.
Collect and check allapplications for opening of newsavings account.
(b) Deposit mobilization,Marketing for loans andadvances, follow up forrecovery of loans/NPAs.
(c) To meet the villagers to createawareness and to get feed ack.
(d) All the above.
4 The Software that has been developed with the various objectives likemaintenance of BC/BF details, their commission details, computation ofcommissions payable, MIS and performance control is.(a) ChannelManagement Software (b) SBI connect(c) China systems (d) B@ncs 24
5 Outsourcing of certain banking activities through Business Facilitators (BFs)and Business Correspondents (BCs) has been permitted by which Authority?(a) R.B.I (b) S.B.I(c) S.E.B.I (d) I.R.D.A
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6 The objectives of engaging BC/BF(a) Greater financial inclusion (b) Increasing the out reach of the
banking sector.(c) Only (a) (d) Both (a) & (b)
7 Can BC/BFs source large value deposits / loans(a) Yes (b) No(c) None (d) Can’t say
8 “FIC “ (FINANCIAL INCLUSION CENTER) is primarily meant for(a) Creating awareness about
financial inclusion(b) Supporting Business
Correspondents(c) RBI move (d) All the above
9 The security deposit for individual Business Correspondents is(a) average turnover of 3 days with
minimum Rs. 0.50 lacs.(b) average turnover of 2 days
with minimum Rs. 0.50lacs.(c) average turnover of 4 days with
minimum Rs. 0.50 lacs.(d) average turnover of 5 days
with minimum Rs. 0.50 lacs.10 The minimum security deposit of Rs.10 lacs to be applicable for Entity BCs
(NGOs, Sec. 25 companies, Societies etc) is(a) upto 1000 CSPs. (b) upto 2000 CSPs(c) upto 3000 CSPs (d) upto 4000 CSPs
11 The maximum amount that can be accepted by a BC/CSP under AEPS is(a) Rs.20000/- (b) Rs.10000/-(c) Rs.5000/- (d) Rs.15000/-
12 The maximum amount that can be accepted in cash for deposit to acustomer’s account by third party in kiosk banking is(a) Rs.20000/- (b) Rs.10000/-(c) Rs.5000/- (d) Rs.15000/-
13 Who is the head of the committee on Financial Inclusion?(a) V. Khelkar (b) Usha Thorat(c) C.Rangarajan (d) Vepa Kamesam
14 what is the periodicity of commission payable to BC/BF(a) Monthly (b) Weekly(c) Quarterly (d) Halfyearly
15 Which account is to be debited while paying commission to BC/BF?(a) Charges fees paid to BC/ BF (b) Commission fees paid to
BC/BF(c) Interest account (d) Suspense account
16 What is a small value transaction?(a) Cash withdrawl/deposit upto
Rs.10000/-(b) Cash withdrawl/deposit upto
Rs.1000/-(c) Cash withdrawl/deposit upto
Rs.5000/-(d) Cash withdrawl/deposit upto
Rs.100/-17 What is the difference between a BC and BF?
(a) Both are same (b) A BF will only sourceapplications for deposits. A BCin addition to the activities ofthe BF will also carry out smallvalue transactions cash /transfer
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(c) A BC in addition to theactivities of the BF will alsocarry out high valuetransactions cash / transfer
(d) None of the above.
18 Whether commission is to be recovered from BC/BF in case of prematurepayment of TDR?(a) Yes. In case the pre-mature
payment is before a period of1 year.
(b) Yes. In case the pre-maturepayment is before a period of 6months.
(c) Yes. In case the pre-maturepayment is before a period of2 years.
(d) Yes. In case the pre-maturepayment is before a period of 3months.
19 What is the minimum period for which a term deposit can be sourced by aBC/BF?(a) 3 months (b) 1 year(c) 9 months (d) 6 Months
20 Whether renewal of TDR is eligible for commission?(a) Yes, sourced by any body (b) No such provision(c) Yes, provided it is originally
sourced by a BC/BF.(d) None of the above
21 What is the rate of commission payable to BC/ BF on SB account?(a) Rs.20/- is payable for every
S.B account(b) Rs.10/- is payable for every
S.B account(c) Rs.30/- is payable for every
S.B account(d) Rs.5/- is payable for every S.B
account22 ________Committee report is on Rural Credit and Micro Finance and deals
with modalities for appointment of banking correspondents(a) Khan committee report (b) Narasimham committee(c) Rangarajan committee (d) None of the above
23 Can BC accept cash(a) Yes, maximum of Rs.20000/-
per day per customer(b) Yes, maximum of Rs.500/- per
day per customer(c) Yes, maximum of Rs.10000/-
per day per customer(d) Yes, maximum of Rs.1000/-
per day per customer24 Can an individual/entity affiliated to a political party be engaged as a BC/BF.?
(a) Yes (b) Yes, but with satisfactoryrecord
(c) None (d) No25 Are the BCs required to make investment before commencing
transaction on behalf of the bank?(a) Only laptop (b) The BCs need to make
investment in POSdevices,finger print capturingmachine, receipt printer andfinger print scanner, laptop anda digital camera.
(c) None (d) Fixed amount of Rs.50000/-
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26 What is a CSP?(a) Customer Sales Point (b) Consumer sales point(c) Customer sales procedure (d) Customer Service Point
27 Does the BC/BF also required to maintain a complaint register?(a) No (b) Maintained at the link branch(c) Maintained at the R.B.O (d) Yes
28 Who will obtain insurance of the cash at the BC outlet?(a) B.C himself (b) Link Branch(c) Channel manager (d) Regional Business office
29 Will the BCs/BFs be given any business targets?(a) No targets (b) Yes, Individual targets given(c) Yes. The target given to the
Channel Manager / ChannelManager Advisor will bedistributed among theBCs/BFs.
(d) Yes, maximum target ofRs.100000/-
30 Can the customers who have opened an account with BC SmartCard / transact through the Branch also(a) Yes. The customer has the
freedom to use Branchbanking facilities.
(b) Yes. The customer has thefreedom to use only at CSP.
(c) No such facility (d) None of the above31 Pass Books for the FIC accounts maintained by the BCs can be issued at?
(a) Issued at Link Branch only (b) Issued at BC point only(c) Both A & B are Correct (d) Pass Book Cannot be issued
to FIC account Holders32 Maximum Loan to Business Correspondents under SME segment To meet all
kinds of Credit requirements relating to business(a) Rs.1.00 lacs (b) Rs.2.50 lacs(c) Rs.3.00 lacs (d) No Loan canbe extended to
B.Cs
ANSWERS (FI)
1. d 2 d 3 d 4 a 5 a6 d 7 b 8 b 9 a 10 a11 b 12 a 13 c 14 a 15 a16 a 17 b 18 a 19 d 20 c21 d 22 a 23 a 24 d 25 b26 d 27 d 28 a 29 c 30 a31 a 32 b
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PER SEGMENT DEPOSIT PRODUCTS
Compiled by Sri K Giridhar Reddy, Manager (Training)
1 Which of the following cannot open Saving Bank account?(a) Illiterate Person (b) Municipal Corporations or
Committees(c) Pardanashin women (d) Minor
2 What is the minimum amount of deposit into SB account?(a) 5 (b) 10(c) 50 (d) No such stipulation
3 Savings Account should be treated as inoperative, if there are no debit as wellas credit transactions over a period of(a) 1 year (b) 2 years(c) 3 years (d) None of these
4 Minors who can adhere to uniform signature and are not less than ten yearsold can open sb accounts in their single name and maintain therein amaximum balance of(a) Rs. 100,000/- (b) Rs. 500,000/-(c) Rs. 200,000/- (d) Rs. 300,000/-
5 What is the minimum amount of withdrawal in SB account?(a) Rs.10 (b) Rs.20(c) Rs.50 (d) No such Stipulation
6 What is the agelimit for Yuva Savings account?(a) 18-40 years (b) 18-45 years(c) 18-30 years (d) 18-50 years
7 What is the min. and max. Period for which MOD can be accepted ?
(a) 1 and 5 years (b) 6 Months and 120 Months(c) 7 days and 10 years (d) None of the above
8 The type of deposit that can be opened in MODS(a) TDR (b) STDR(c) Either a or b (d) None of the above
9 Corporate Liquid Term Deposit can be accepted for amounts of(a) Min Rs.50000 and in multiples
of Rs.5000(b) Subsequent deposits Min.25000
and in multiples of Rs.5000(c) Both a and b are true (d) None of the above
10 Savings Plus is the combination of(a) SB and MODS (b) SB and CLTD(c) Current account and MODS (d) None of these
11 Which of the following are not true in respect of Savings Plus ?(a) Min. balance Rs.5000 (b) Deposits matured will be rolled
over unless indicated otherwise(c) TDS is applicable for MODS
created(d) None of these
12 Withdrawals are permitted from Savings Plus Account through(a) Cheque (b) ATM(c) INB (d) All of the these
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13 Which of the following are true in respect of Savings Plus account(a) No overdraft will be allowed
against SBI MOD Deposits(b) Deposits cannot be accepted as
margin for any NF business(c) Both are true (d) None of the above are true
14 Which of the following are true in case of Senior Citizen Deposit Scheme(a) Objective is to provide
differential interest rate toSenior Citizens
(b) Min. 7 days and Max. 10 years
(c) Min. Rs.10000 and in multiplesof Rs.1000
(d) All of these
15 Which of the following are not true in respect of Capgain Plus Scheme(a) Parking of capital gains for a
max period of 3 years(b) Min Rs.1000 in SB a/c and Min
Rs.5000 in TD Account(c) Deposit can neither be
accepted as margin nor ascollateral
(d) None of these
16 Amount withdrawn from deposits under Capgain Plus to be utilized within(a) 30 days (b) 60 days(c) 90 days (d) None of the above
17 Upper limit (ceiling) for issue of MCC for Per segment Savings Account holders(Others) and for HNI/NRI’s is(a) Rs.2 lacs and Rs.10.00 lacs (b) Rs.5 lacs and Rs.20.00 lacs(c) Rs.10 lacs and Rs.50.00 lacs (d) None of these
18 What are the variants available under Corporate Salary Package(a) Silver (b) Gold(c) Diamond & Platinum (d) All of the above
19 What is the eligibility criteria for opening salary accounts under CorporateSalary Package(a) Min. 25 employees (b) Min. payout of Rs.1.25 lacs(c) Both a & b (d) None of the above
20 The deposit scheme available in the bank that offers both higher interest andtax benefits u/s 80 C(a) Cap Gain Plus (b) MODS(c) SBI Tax Savings Scheme 2006 (d) None of the above
21 The income criteria under Corporate salary package under Gold category is(a) Rs.5,000 to Rs.20,000 (b) Rs.20,000 to Rs.50,000/-(c) Rs.50,000 to Rs.1,00,000 (d) Above Rs.1,00,000/-
22 The maximum number of debit entries permitted in savings account per halfyear is ---------- except transactions routed through alternate channels.(a) Depends on QAB (b) Depends on Half yearly balance(c) Depends on Monthly avg bal (d) No such stipulation
23 The income criteria under Corporate salary package under Silver category is(a) Rs.5,000 to Rs.20,000 (b) Rs.20,000 to Rs.50,000/-(c) Rs.50,000 to Rs.1,00,000 (d) Above Rs.1,00,000/-
24 The income criteria under Corporate salary package under Diamond category(a) Rs.5,000 to Rs.20,000 (b) Rs.20,000 to Rs.50,000/-(c) Rs.50,000 to Rs.1,00,000 (d) Above Rs.1,00,000/-
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25 Small Deposit account means(a) Balance at any point of time
does not exceed Rs.50000(b) Aggregate of all credits in a
financial year does not exceedRs.100000
(c) Aggregate of all withdrawalsand transfers in a month doesnot exceed Rs.10000
(d) All the above
26 Salient feature of Yuva SB account include(a) Free collection of one cheque,
with a ceiling of Rs.20,000/- pm(b) Min. balance Rs.5000
(c) Free INB (d) All of these
27 Penalty applicable on premature payment of TDRs(a) Retail Term Deposits up to Rs
5.00 lacs will be ‘NIL’ providedthe deposits have remained withthe bank for at least 7 days.
(b) For term deposit above Rs 5.00lacs but less than Rs 1 crore,1% for all tenors
(c) No premature penalty will belevied on staff and SBIpensioners Deposits
(d) All of the above
28 Norms for loan/overdraft against TDRs are(a) 0.50% above contracted rate (b) 90% of principal and accrued
interest can be sanctioned asloan
(c) Both a & b (d) None of the above29 Recurring Deposit with flexibility in amount of installment
(a) SBI Flexi (b) MODS(c) SBI Tax Savings Scheme 2006 (d) None of the above
30 Features of SBI Flexi Deposit include(a) Min. Rs.5000 per year and
Rs.500 at any one instance(b) Max. Rs.50000 in a financial
year(c) Penalty for default in payment
of minimum deposit will beRs.50/- per Financial Year
(d) All the above
31 Which of the following are not true in respect of SBI Surabhi(a) SB or CA will be linked to
CLTD(b) Min bal for CA is Rs.10000
(c) Min bal for SB is Rs.1000 (d) None of the above32 In Surabhi, CLTD will be created for the periods
(a) Min 12 months and Max 36months
(b) Min 7 days and max 10 years
(c) Min 6 months and Max 10years
(d) None of the above
33 Which of the following are not true in case of SBI Surabhi ?(a) No loan or OD is permissible
against the deposit(b) Partial withdrawal based on
LIFO(c) Periodicity for Sweep is weekly (d) None of the above
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34 The following are not true in case of SBI Tax Saving Scheme 2006(a) PAN is mandatory (b) Min Period of deposit is 5 years(c) Min deposit is Rs.1000 (d) None of the above
35 Under Premier Savings account, which are the facilities available(a) Through auto sweep, Term
deposit under MOD(b) Unlimited no of debits
(c) Free RTGS/NEFT (d) PRODUCT DISCON TINUED36 Tenure for MOD Component under Savings Plus
(a) 1 year to 3 years (b) 3 year to 5 years(c) 1 year to 5 years (d) 2 year to 3 years
37 Under Tax Savings scheme, which sections of IT act is applicable for deposits(a) 80 B (b) 80 C(c) 80 D (d) 80 H
38 Maturity proceeds if exceeds Rs.20,000/- or more to be invariably be creditedto account or paid through Account payee cheque is stipulation under:(a) Section 269 of IT Act (b) Section 269 of SBI Act(c) Section 268 of IT Act (d) Section 268 of SBI Act
39 Period of deposit under SBI Flexi Deposit scheme is(a) 3-5 years (b) 5-7 years(c) 4-7 years (d) 5-10 years
40 What is the period of deposit under Tax Savings Scheme(a) 5-7 years (b) 5 years(c) 5-8 years (d) 5-10 years
41 Name the deposit scheme which allows lump sum deposit and payment ofprincipal and interest at equated monthly installments(a) SBI Annuity Deposit (b) SBI Flexi(c) SBI Power Jyothi (d) None of these
42 Which of the following are not features of SBI Annuity Deposit(a) Min Deposit Amount Rs.25000 (b) Min Monthly Annuity Rs.1000(c) Period of Deposit 36/60/84/120
months(d) None of the above
43 The loan facility under PPF scheme is available during the period(a) 4-5 years (b) 3-5 years(c) 2-5 years (d) 5th year onwards
44 Which of the following is true under Sukanya Samriddhi Account(a) any girl child who had attained
the age of ten years(b) Minimum Deposit in a year is
Rs.1000/- and Maximum isRs.150,000/-.
(c) Minimum deposit mandatory till14 years from the date ofopening
(d) All the above
45 Pehla Kadam is a Savings Bank scheme for children below the age of(a) 5 yrs (b) 15 yrs(c) Minor of any age (d) 12 yrs
46 Pehli Udaan is a Savings Bank scheme for children above the age of—andsign uniformly.(a) 12 yrs (b) 5 yrs(c) 1o yrs (d) 8 yrs
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47 What is the cap on per day INB Transaction limits in Pehli Kadam, PehliUdaan account(a) Rs. 2,000 (b) Rs. 3,000(c) Rs. 4,000 (d) Rs. 5,000
48 Which child plan of SBI life is offered to customers of Pehli Kadam and PehliUdaan with inbuilt premier waiver benefit:(a) Smart Kadam (b) Smart Udaan(c) Smart Scholar (d) Smart Student
49 What is the basis for determining the variant of Salary Account underCorporate Salary Package(a) CSP – Gross Salary (b) Rank of the employee in all
other packages(c) Both a & b are true (d) None of the above
50 Following are the common features of all Salary Packages(a) Savings Plus accounts will be
opened(b) Overdraft facility available up to
2 month’s net salary(c) 1% discount on purchase of
Gold Coins of alldenominations
(d) All the above
51 Personal Accident Insurance cover available for Gold & Diamond variants inall the salary packages(a) Rs.5.00 lacs (b) Rs.4.00 lacs(c) Rs.3.00 lacs (d) None of these
52 The following offers are available for Platinum Variant in all the salarypackages(a) SBI Vishesh Status (b) Free Platinum International
Debit Card(c) 25% concession in locker
charges(d) All of these
53 Authority vested with CGM to permit coverage of employees having salaries ofless than Rs.5000 p.m under Silver variant provided:(a) All the salary accounts are
maintained with our Bank(b) Employees drawing gross
salary of less than Rs.5000should not be more than 20% oftotal
(c) Both a & b are true (d) None of these54 Max amount of deposit in any account under Pehla Kadam SB account
(a) Rs.5 lacs (b) Rs 10 lacs(c) Rs.1 lac (d) Rs 2 lacs
55 Max amount of deposits under common CIF in Pehla Kadam SB Account(a) Rs 10 lacs (b) Rs 5 lacs(c) Rs 1 lac (d) Rs 3 lacs
56 The maximum deposit permitted under SBI Tax Savings Scheme 2006(a) 150000 (b) 200000(c) 100000 (d) 50000
57 If a customer feels that the services rendered by the branch are notsatisfactory he can close his SB account with in_ _ and the SB accountclosure charges are waived
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(a) 14 days (b) 15 days(c) 30 days (d) 18 days
58 What is the margin stipulation for loan against term deposits ?(a) 10% of the face value plus
accrued interest(b) 5% of the face value plus
accrued interest(c) 15% of the face value plus
accrued interest(d) None of these
59 The interest will be paid on pre-mature payment of term deposits, if the depositremained in the Bank for a minimum period of _ _ _ _ _ _ days(a) 15 days (b) 14 days(c) 7 days (d) 30 days
60 The cap of 120 months on the tenor of term deposits is as per the guidelinesof _ _ _ _(a) RBI (b) IBA(c) Min. of Finance, GOI (d) None of these
61 Dishonor of electronic funds transfer has to be treated as dishonor ofnegotiable instrument as per the provisions of …..(a) BR Act (b) NI Act(c) Payment and Settlement
Systems Act(d) None of these
62 Which of the following statement are incorrect(a) Witness has to be obtained in
all nomination forms(b) Two witness signatures have to
be obtained on nominationforms given by illiterate persons
(c) For E or S deposit accountnomination can be obtained
(d) Nomination should be in favorof an individual only
63 What is the minimum deposit under Kisan Mitra Jama Yojana scheme(a) Rs.500 (b) Rs.1000(c) Rs.1500 (d) Rs.2000
64 The tenure of deposit under Kisan Mitra Jama Yojana scheme(a) 12 months to 5 years (b) 12 months to 7 years(c) 12 months to 8 years (d) 12 months to 10 years
65 On pre-mature payment of deposits the reduction in waiver of penalty can bepermitted by ____(a) CGM of the circle (b) GM of the Network(c) DGM of the Module (d) No discretion
66 What is the minimum monthly pay out in CSP facility ?(a) Rs.1.25 lacs (b) Rs.1.50 lacs(c) Rs.2.00 lacs (d) Rs.5.00 lacs
67 Who can not open PPF account(a) Resident Individual (b) NRI(c) HUF (d) Both b and c
68 PMJDY scheme stands for(a) Prime Minister Jan Dhan
Yojana(b) Prime Minister Jeevan Dan
Yojana(c) Prime Minister Jana Drishti
Yojana(d) Prime Minister Jeevan Dharti
Yojana
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69 Rupay card is associated with(a) New Yuva Card (b) Credit Card(c) Prepaid NRE Card (d) PMJDY
70 Accidental Death Insurance Cover of Rs________ is available in PMJDY A/C(a) 25000 (b) 100000(c) 50000 (d) 30000
71 Life Insurance Cover of Rs______ is available in PMJDY account(a) 50000 (b) 100000(c) 30000 (d) 10000
72 Overdraft of Rs_____ is available after 6 months in PMJDY account(a) 50000 (b) 5000(c) 10000 (d) 25000
73 Which of the following is true about granting overdraft in Savings Bankaccount:(a) Good customers to an extent of
Rs.1000/-(b) Not more than 3 occasions in a
year(c) OD to be adjusted within one
month(d) All the above
74 Which of the following is not true about Basic Savings Bank account(fully KYCCompliant) :(a) No Minimum Balance (b) No annual maintenance fee(c) Max 4 withdrawals in a month (d) Interest calculated on monthly
average basis75 Which of the following is not in the list Officially Valid Documents declared by
Government of India for the purpose of proof of identity under KYC.(a) Passport (b) Driving licence(c) Id card issued by Post offices (d) NREGA card issued by
Revenue authorities76 What is the periodicity for updation of KYC under High risk category customers
(a) 2 years (b) 3 years(c) 4 years (d) 5 years
77 Bank has set up AML/CFT cell at Jaipur, what is the software used by them foranalysing the alerts on transactions across the bank(a) Analog (b) Amlock(c) Digilock (d) Amlcftlock
78 What is the periodicity for updation of KYC under High risk category customers(a) 2 years (b) 5 years(c) 8 years (d) 10 years
79 What is the minimum threshold limit for executing auto sweep under PehliKadam and Pehli Udaan account(a) Rs.10000 (b) Rs.15000(c) Rs.20000 (d) Rs.25000
80 Which of the following is true about Over Draft facility in Pehli Kadam andPehli Udaan account(a) Overdraft facility is available to
the parents for meetingimmediate requirements suchas payment of school fees, etc
(b) Overdraft may be gratedagainst fixed deposits
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(c) two months’ salary in case ofCorporate Salary packageaccounts as the case may besubject to fulfilling other termsand conditions
(d) All the above
81 Under which of the following scheme is Value Added Feature(optional) facilityfor PAI Cover by SBI General Insurance under(a) Pehli Kadam (b) Pehli Udaan(c) Available in Both a&b (d) No such facility
82 Which of the following is true about DL against TDR/STDR(a) Maximum amount of loan that
can be granted against TermDeposits 90% of principalamount + accrued interest
(b) Max of 4 DL’s can besanctioned
(c) Both a&b (d) None of these83 Interest on deceased CA to be paid at the rate of
(a) No interest to be paid (b) TDR Rate(c) SB rate based on simple
interest from the date of death(d) None of these
84 Which of the following is true about for 15G/H.(a) Form 15H is submitted by
Depositors with age of 60years & above
(b) Form 15G is submitted byIndividuals below age of 60years
(c) Both a&b (d) None of these85 If PAN card is not submitted by depositor alongwith 15G/H, applicable rate of
TDS for Resident Individuals(a) 10% Plus 3% Cess (b) 15% Plus 3% Cess(c) 20% Plus 3% Cess (d) 25% Plus 3% Cess
86 Which of the following is true about Recurring Deposit Minimum Monthlyinstallment(a) Rs. 100/- at Metro/ Urban/
Semi Urban centre(b) Rs 50/- at Rural centres
(c) Thereafter in multiples of Rs.10/ -
(d) All the above
87 What is the periodicity for MOD’s under Savings Plus Scheme:(a) 1 year to 3 years (b) 1 year to 5 years
(c) 1 year to 10 years (d) 1 year to 7 years
88 Which of the following is true about Premium Savings Account.(a) 50% concession in draft issue
charges and cheque collectioncharges. Bankers Cheques willbe issued free.
(b) No Service charges in respectof outward RTGS/NEFTtransactions.
(c) Penalties for closing theaccount before completion of12 months: Rs.500/-
(d) All the above
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89 Which of the following is true about Kissan Mitra Jama Yojana?
(a) Minimum amount of depositRs 1500 and thereafter inmultiples of Rs. 100/-
(b) Minimum amount of Partialwithdrawal Rs. 500/- inmultiples of Rs. 100/-
(c) Period of deposit 12 months &10 years
(d) All of the above
90 What is the minimum, maximum amount of deposit in a year under SukanyaSamriddi Yojana Scheme(a) Rs.1000, Rs.100000 (b) Rs.1000, Rs.150000(c) Rs.1000, Rs.200000 (d) Rs.2000, Rs.100000
91 Which of the following true about Sukanya Samriddi Yojana Scheme(a) Natural/ Legal guardian may
open two accounts in the nameof two girl children.
(b) Minimum deposit mandatory till14 years from the date ofopening.
(c) The account shall mature oncompletion of 21 years fromthe date of opening theaccount
(d) All the above
92 Which of the following is not true about Caps Gain Plus Scheme(a) No Cheque Book (b) Withdrawal at home branch(c) ATM facility (d) No INB Facility
93 What is the period of deposit under Flexi Deposit Scheme(a) Min 1 yrs & Max 7 yrs (b) Min 3 yrs & Max 7 yrs(c) Min 2 yrs & Max 7 yrs (d) Min 5 yrs & Max 7 yrs
94 In case of joint account under SBI Tax Savings Scheme 2006, who will get thebenefit under Section 80C of IT Act 1961:(a) First account holder (b) Second account holder(c) All the account holders equally (d) None of these
95 The following is true in case of SBI Tax Saving Scheme 2006(a) Max deposit Rs.1.50 lacs pa (b) Period of deposit 5-10 years(c) No Loan facility (d) All of the above
96 What is the personal Accident cover available under Platinum variant ofCorporate Salary package in Rs.(a) 3.00 lacs (b) 4.00 lacs(c) 5.00 lacs (d) 10.00 lacs
97 What is the income criteria under Platinum variant of Corporate Salarypackage in Rs.(a) 50000-100000 (b) 50000-75000(c) 25000-50000 (d) Above 100000
98 When an account holder is unable to attend personally for withdrawing money,
(a) He may send hisrepresentative along with passbook
(b) He may send his representativealong with a letter of authority
(c) Withdrawal not permitted tothird party
(d) Both a & b
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99 In case the account holder is too ill/old to sign a withdrawal or put their thumbimpression, the impression of the depositor should be identified by(a) No witnesses required (b) Two independent witnesses
known to the Bank(c) One of the witnesses should be
Bank official(d) Both a & b
100 Nomination in respect of a Term Deposit shall be in prescribed form:
(a) DA1 (b) DA2(c) DA3 (d) DA4
PER DEPOSIT PRODUCTS ANSWERS
1 b 11 d 21 b 31 d 41 a 51 a2 b 12 d 22 c 32 a 42 d 52 d3 b 13 c 23 a 33 d 43 b 53 b4 c 14 d 24 c 34 d 44 d 54 c5 c 15 d 25 d 35 d 45 c 55 a6 c 16 b 26 d 36 c 46 c 56 a7 a 17 c 27 d 37 b 47 d 57 a8 c 18 d 28 c 38 a 48 c 58 a9 c 19 c 29 a 39 b 49 c 59 c10 a 20 c 30 d 40 d 50 d 60 b
61 c 67 d 73 d 79 c 85 c 91 d 97 d62 a 68 a 74 d 80 d 86 d 92 c 98 d63 c 69 d 75 c 81 a 87 b 93 d 99 b64 d 70 b 76 a 82 c 88 d 94 a 100 a65 d 71 c 77 b 83 c 89 d 95 d66 a 72 b 78 d 84 c 90 b 96 c
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REMITTANCES & COLLECTIONS
Compiled by Sri K Giridhar Reddy, Manager (Training)
1. The RBI draft is valid for ____ ( becomes stale after)a) 1 month b) 2 monthsc) 3 months d) 6 months
2. RBI draft becomes ‘lapsed’ if not paid withina) 6 months from the date of its
issueb) 1 accounting year from the date
of its issuec) 2 accounting years from the date
of its issued) 3 accounting years from the date
of its issue3. RBI’s accounting Year is
a) April to March b) July to Junec) January to December d) Either of the above
4. A ‘lapsed’ RBI draft can be revalidateda) With the clearance of Local Office
of RBIb) With the clearance of Central
Office of RBIc) With the clearance of Dy.
Governor of RBId) With the clearance of Currency
Chest Branch of a Bank5. Which of the following statements is not true in respect of RBI draft
a) Duplicate draft can be issuedagainst indemnity
b) Duplicate Draft can be cancelledonly if both the original &duplicate are produced
c) If the original is not produced,the payment of the duplicate to beobtained at the drawee office
d) Duplicate draft cannot becancelled under anycircumstances
6. RBI Interest warrant lapses _________ months after issuea) 6 b) 8c) 12 d) 18
7. Relationship of Banker with purchaser of Bank Draft:a) Debtor & Creditor b) Creditor& Debtorc) Principal & Agent d) Agent & Principal
8. Relationship of Banker with Payee of Bank Draft:a) Trustee & Beneficiary b) Debtor & Creditorc) Creditor& Debtor d) Principal & Agent
9. Hologram is affixed on drafts of Rs.______ against the Payee’s Name – ToPrevent Tamperinga) Rs.50000 & above b) Rs 1 lakh & abovec) Rs.2 lakhs & above d) Rs.5 lakhs & above
10. Drafts of Rs. ________should be issued only by debit to customer’s A/C oragainst cheque, etc.a) Rs.20000/- and above b) Rs.50000/- and abovec) Rs.100000/- and above d) Rs.200000/- and above
11. Payment of Drafts of Rs ___ should be made through Bank A/C and not incasha) Rs.20000/- and above b) Rs.50000/- and abovec) Rs.100000/- and above d) Rs.200000/- and above
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12. Which of the following statements is not true in respect of Bank drafta) If PAN is provided cash
transactions of Rs 50000/- andabove are permissible
b) Drafts of Rs.1,50,000/- and aboveshould be signed by two officials
c) No Advice is sent for Draftsbelow Rs 10 Lakh
d) Even If PAN is provided cashtransactions of Rs 50000/- andabove are not permissible
13. Inter Office Instrument (IOI) is a single running security form for issuing ___a) Demand Draft b) Associate Bank Draftc) Banker’s Cheque d) All the above
14. BGL A/C 98602BBBBBC representsa) IOI Account b) IOI to be issued Accountc) Drafts Account d) Banker’s Cheque
15. BGL A/C 98505BBBBBC representsa) IOI Account b) IOI to be issued Accountc) Drafts Account d) Banker’s Cheque
16. Which of the following statements is not true in respect of IOIa) Duplicate IOI can be issued
by the issuing branch only.b) Duplicate IOI shall not be
hand writtenc) Triplicate IOI cannot be
issuedd) Triplicate IOI can be
Issued
17. Which of the following statements is not true in respect of IOIa) Can be issued for all
denominations including HCseries upto Rs.99,99,99,999/-
b) Serial number of IOI will bea unique 12 digit numberwithout any Circle prefix
c) Serial number of IOI will bea unique 12 digit number withCircle prefix
d) Instrument type for IOI is 16.
18. Which of the following statements is not true in respect of Bill of Exchangea) A bill of exchange is a written
instrument containingan unconditional order,
b) signed by the maker, directingto pay a certain amount of moneyonly to a particular person, or tothe bearer of the instrument
c) It is a negotiable instrumentdrawn by the seller on the buyerfor value of the goods delivered tohim.
d) It is a negotiable instrumentdrawn by the buyer on the sellerfor value of the goods delivered tohim.
19. Which of the following statements is not true in respect of Bill of Exchangea) A demand bill is payable on
demand whereas a Usance bill ispayable after a specified time.
b) Clean Bills are accompanied bydocuments of title to goods
c) Documentary Bills are supportedby Railway Receipt (RR) or LorryReceipt (LR) or Bill of Lading (BL)
d) Clean Bills are not accompaniedby documents of title to goods
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20. In case Blank IOI forms are lost during the transit from Printer to CircleStationary Department, such losses are to be reported by _______ to _____.a) Branch to Central Stationery
Departmentb) Circle Stationery Department to
Central Stationery Departmentc) Central Stationery Department to
Circle Stationery Departmentd) None of the above
21. As per the benchmark prescription known as 'CTS-2010 standard' issued byRBI, no changes/ corrections should be carried out on the cheques other than____ for validation purpose, if required effective from Dec 1, 2010. (under theimage-based Cheque Transaction System and not applicable to chequescleared under other clearing arrangements such as MICR clearing, non MICRclearing , over the counter collection for cash payment or direct collection ofcheques)a) Date b) Amountc) Signature d) None of these
22. In case Blank IOI forms are lost at Branch, such losses are to be reported by_______ to _____________.a) Branch to Central Stationery
Departmentb) Circle Stationery Department to
Central Stationery Departmentc) Branch to Controllers besides
making necessary input in CBSd) Central Stationery Department to
Circle Stationery Department23. As the __________is updating the whole Bank level data of Draft/IOI reported
lost, the maintenance of ‘Draft/IOI lost register’ at Branches is redundant andhence is dispensed with.a) Draft Reconciliation Department b) IORc) CRMD d) None of the above
24. RBI has advised that ‘Savings’ as well as ‘Current Account’ should be treatedas ________ if there are no debit as well as credit transactions induced at theinstance of customers in the account for over a period of ____ years.a) Dormant, 2 b) Inoperative, 2c) Dormant, 1 d) Inoperative, 1
25. IBTS isA Inter branch transfer system B Inter branch transaction systemC Inter branch transfer scheme D Inter branch transaction scheme
26. IBTS is meant forA Inter branch transfers other than
SC/DDPsB Inter Branch transfers including
SC/DDPC Inter Branch transfers other than
staff purpose.D None of the above
27. How many new BGL accounts have been created for IBTS purpose?A 4 B 3C 2 D 8
28. The purpose of IBTS isA To ensure better control on inter
Branch transactions.B To replace Branch Clearing
General Account (BCGA) asIBTS is self reconciliation facility.
C Due to RBI compulsions. D To enable faster realization ofSCs/DDPs
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29. In IBTS, the transaction originated by the originating BranchA Can be monitored till the same is
responded by other Branch.B The other Branch should be
responding instantly.C The originating branch can’t view
the status after originatingtransaction.
D The controllers will be able tosee the status for follow up.
30. The transaction originated by the originated BranchA Should be accepted by the
responding Branch.B Can be accepted or declined by
the responding Branch.C Can be reversed by it at any point
of time.D Can’t be reversed by the
originating Branch
31. The transaction originated by the originating Branch in IBTSA Can be reversed by the originating
Branch at any point of time withoutthe involvement of the respondingBranch.
B Can be reversed by theoriginating Branch on the sameday without involvement of theresponding Branch.
C Can’t be reversed by the decliningBranch without getting declined bythe responding Branch.
D None of the above.
32. Once the transaction in IBTS is declined by the responding BranchA The originating Branch has no
option but to reverse it.B The originating Branch can
either reverse or re-originate thesame.
C The originating Branch can only re-originate the entry after reversal
D Both (a) & (c)
33. Re-origination of entry in IBTS by the originating Branch involvesA Accounting entries. B No accounting entries.C Automatic accounting entries at
originating Branch by the system.D Automatic accounting entries
both at originating Branch andat receiving Branch by thesystem.
34. While re-origination of the entry by the originating Branch, which of thefollowing can be changed/modified.A Destination Branch code, amount
and narrationB Destination Branch BGL No,
amount and narration.C Destination Branch code, amount
and destination BGL account.D Destination Branch code, BGL
account and narration.
35. For responding a IBTS entry, the responding BranchA Need not depend on any
documents.B It can respond after receiving
system generated forward letterand documents.
C It can respond on the strength ofBranch Clearing General Account.
D None of the above.
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36. If IOI security form fails to get printed or the printing is defective or the formgets corrupted/torn while printing, the security form shall be treated asdamaged and destroyed, as it cannot be put to use. Who can mark such IOIas damaged in CBSa Vault teller only b VPIS custodian onlyc Branch Manager d either a or b
37. Which of the following statement is not true in respect of blank IOI formsa Blank IOI forms lost during the
transit from Printer to CircleStationary Department thenCentral Stationary Department willmake necessary input in CBS upon receipt of information fromcircle stationary department
b Blank IOI forms lost during thetransit from Circle StationaryDepartment toBranch: The Circle stationaryDepartment will inform thedetails of lost blank IOI forms toCentral Stationary Departmentwhich will make necessary inputin CBS.
c Loss of blank IOI forms at Branch:The branch will inform CentralStationary Department who willmake the necessary input in CBS
d Draft/IOI lost register isdispensed with
38. Which is the customized forex outward remittance facility on the Retail InternetBanking platform introduced by the Banka RemXout b Xoutremc ReXout d remoutX
39. The customized forex outward remittance facility on the Retail Internet Bankingplatform named “remXout” is presently permitted in …………a USD b Euroc GBP d All of these
40. Under a customized forex outward remittance facility with RINB, a user canmakeUpto ______ remittances in a calendar month.a 8 b 4c 12 d 18
41. Under “remXout”, Remittances will initially be permitted to be made for which ofthe following purposes on ‘self-declaration’ basis:a Education b Medical treatment abroadc Maintenance of close relatives d All of these
42. Under “remXout”, Remittance will initially be restricted to how many countries?a 10 b 11c 12 d 13
43. How many remittances can a person receive in a single calendar year underMoney Transfer Service Scheme (MTSS) through Western Union andMoneygrama 10 b 20c 30 d 40
44. Bank has tied up with which of the following for Remittance Business withMoneygrama M/S Thomascook Ind Ltd b M/s Quwait India Internationalc Master Card International d None of the above
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45. Cheques drawn on branches of other banks located at State Capitals/Major “A”class Cities/other locations will be collected within __, __, ___days respectively.a 5,10,15 b 7,10,14c 7,14,21 d 6,12,18
46. Cheques drawn on branches of SBI branches located at State Capitals/Major“A” class Cities/other locations will be collected within __, __, ___ daysrespectively.a 6,8,10 b 7,10,14c 1,1,1 d 5,10,15
47. Duplicate IOI can be issued bya Issuing Branch only b Drawee Branch onlyc Any Branch d Cannot be issued
48. Triplicate IOI can be issued bya Issuing Branch only b Drawee Branch onlyc Any Branch d Cannot be issued
49. Serial Number of IOI is a unique _________ digit numbera 10 b 11c 12 d 13
50. IOI can be paid by ______ irrespective of the location of the drawee brancha Drawee branch only b Clearing branchc Issuing branch only d Any branch
51. Under Secion ______ of RBI Act, issue of bearer draft is prohibited as it wouldvirtually tantamount to issue of currency notea 36 b 31c 33 d 35
52. Duplicate draft is to be issued within a maximum period ofa 14 days b 5 daysc 10 days d 7 days
53. Physical verification of draft forms is to be done at _____ intervalsa Quarterly b yearlyc Fortnightly d Half yearly
54. All drafts over Rs._______ are to be crossed before issue as per RBI normsa 50000 b 100000c 20000 d 25000
55. Drafts can be revalidated if presented within __________ year of issuea 1 b 3c 2 d 5
56. A single individual beneficiary can receive ____ remittances in a calendar yearunderr Western Union Money Transfera 12 b 30c 10 d 20
57. A capof USD ______ is fixed on individual remittance under WUMT schemea 2500 b 1000c 1500 d 5000
58. MTCN in Western Union Money Transfer stands fora Money Transfer Currency Number b Money Transfer Control Notec Money Transfer Control Number d Money Transfer Check Number
59. The per transaction limit for SBI Green Remit Card is
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a Rs 40000 b Rs 30000c Rs10000 d Rs 50000
60. IMPS in mobile banking facility stands fora Immediate Payment Service B Inter Bank Money Payment
Servicec Intermoney payment service d Intramoney Payment Service
61. What is the minimum balance for sending remittance through NEFT, RTGS?a NIL, Rs.1,00,000/- B Nil, Rs.2,00,000/-c Nil, nil d Nil, Rs.3,00,000/-
62. The front-end software used for making payments under Western Unionpayment isa WestLink B Bankslinkc Translink d FastLink
63. Release of foreign exchange is not admissible for travel to and transactionwith residents of _______ & _______.a Bangladesh & Pakistan B Nepal & Bhutanc Sri Lanka & Maldives d Pakistan & China
64. The Nodal Branch for making payments under Western Union payment isa NRI Chennai B NRI Kochic NRI Bangalore d Payment System Br, Mumbai
65. If RBI cuts CRR, thena Excess Cash will be removed from
the economyB Liquidity will be infused into the
Economyc Foreign Inward Remittances will
take place on large scaled Either (c) or (b)
66. What is the function of Global Link Services?a It enables user to manage gold
loan portfolioB GLS handles the online
remittance product - SBI ExpressRemit
c it handles the ECB portfolio ofcorporate
d it handles FCCB requirements ofCorporates
67. Limit under Liberalised Remittance Scheme for Resident Individuals in onefinancial year as gift to a person residing outside India isa USD 1 LAC b USD 250000c USD 75000 d USD 500000
68. Production of sureties may not be insisted upon while obtaining indemnity forissuance of duplicate IOI draft where the amount of IOI is upto Rs._______ ifthe applicant is considered good for the amount.a Rs.50000/- b Rs.100000/-c Rs.200000/- d Rs.300000/-
69. In case both the original and duplicate drafts are presented simultaneously,which is to be honoureda Original b Duplicatec Both to the paid d Both to be returned
70. If the duplicate is presented after the original is paid, the duplicate is returnedwith the remarks:a Draft reported lost b Payees endorsement requiredc Original paid d No remarks
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71. __ section of RBI Act prohibits issue of bearer draft as it would virtuallytantamount to issue of currency. And it is punishable under section __of the act.a 21, 48B b 31, 58Bc 31, 58B d 131, 158B
72. All Banker’s cheques issued by debit to charges account and outstanding formore than __ years are to be transferred to ____ account annually.a 3, commission account b 2, commission accountc 3, Charges account d 2, Charges account
73. Branch will credit immediate credit of outstation cheques upto and inclusive ofRs.___ tendered by customers of satisfactorily conducted accounts for 6 monthsa 15000 B 20000c 25000 d 30000
74. Compensation for delay in collection of cheques(interest rate payable fordelayed collections) in India is:a Nil B Savings Bankc Term Deposit rate d 2% above corresponding TDR rate
75. Compensation for delay in collection of cheques beyond 14 days is (interestrate payable for delayed collections) in India is:a Nil B Savings Bankc Term Deposit rate d 2% above corresponding TDR rate
76 Compensation for delay in collection of cheques beyond 90 days is (interestrate payable for delayed collections) in India is:a Nil B Savings Bankc Term Deposit rate d 2% above corresponding TDR rate
77. Compensation for delay in collection of cheques beyond 90 days for loanaccounts is (interest rate payable for delayed collections) in India is:a Nil B Savings Bankc Term Deposit rate d 2% above applicable interest rate
in the loan account78. What is the limit on Foreign remittance to a SMALL account
a No credit of Foreign remittance B Rs.50,000/- per monthc Rs.10,000/- per day d Rs.25,000/- per annum
79. A revalidated draft is valid for a period of __ months and an overdue draft canbe revalidated only__ within a year.a 1,1 B 2,2c 3,3 d 6,6
80. Usance Bills are generally entitled to a grace period __ daysa 1 B 2c 3 d 5
ANSWERS-REMITTANCES1 d 2 d 3 b 4 b 5 d 6 b 7 a 8 a 9 b 10 b11 b 12 d 13 d 14 a 15 b 16 d 17 c 18 d 19 b 20 b21 a 22 c 23 a 24 b 25 b 26 a 27 a 28 b 29 a 30 b31 b 32 b 33 b 34 d 35 b 36 d 37 c 38 a 39 d 40 b41 d 42 b 43 c 44 a 45 b 46 a 47 a 48 d 49 c 50 d51 b 52 a 53 d 54 c 55 a 56 b 57 a 58 c 59 a 60 a61 b 62 c 63 b 64 b 65 b 66 b 67 b 68 b 69 b 70 c71 c 72 c 73 d 74 b 75 c 76 d 77 d 78 a 79 c 80 c
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LEGAL ASPECTS
Compiled by Sri K. Giridhar Reddy, Manager (Training)
1 Payment in due course is defined under(a) section 10 of NI Act (b) section 11 of NI Act(c) section 10 of Contract Act (d) section 1 of NI Act
2 Hypothecation is defined in which of the following Act?(a) Transfer of Property Act (b) SARFAESI Act(c) Indian Contract Act (d) NI Act
3 The charge created with ROC for companies is for which of the following ?(a) Lien (b) Mortgage(c) Mortgage& Hypothecation (d) Pledge and Hypothecation
4 Income tax attachment order does not attach which of the following amount?(a) Entire balance in joint accounts (b) Balance in Deceased depositor
account(c) Fixed Deposit maturing in
future date(d) Chq sent for collection
5 A loan is guaranteed by a surety. When the Prinicpal Debtor failed to repay theloan, bank asked the surety to pay which was complied. On making payment ,the surety became entitled to all rights and remedies which the bank hadagainst the principal debtor. This right of the surety is called...(a) Right of Subrogation (b) Right of redemption(c) Right of Foreclosure (d) Right of Lien
6 Dishonor of an electronic fund transfer instruction due to insufficiency of fundsin the account etc., is an offence punishable with imprisonment or with fine orboth, similar to the dishonor of a cheque under the Negotiable Instruments Act1881. Such a provision is under which Act?(a) u/s 25 of PSS Act, 2007 (b) Section 138 of NI Act(c) Section 172 of contract Act (d) None
7 The maximum number of partners in a Banking firm shall not exceed(a) 20 (b) 10(c) 2 (d) None of these
8 RBI was established on the recommendations of(a) Hilton Young Commission (b) Royal Commission on Indian
currency & Finance(c) Gorwala Committee (d) None of these
9 RBI Act was passed in the year 1934 and the RBI was established on 1.4.1935as a Private Sector Bank. It was nationalised on(a) 1.1.1946 (b) 1.1.1947(c) 1.1.1948 (d) 1.1.1949
10 The Banking Regulation Act 1949 is applicable to, and(a) commercial banks (b) co-operative Banks(c) foreign banks operating in India
including J & K(d) All of these
11 Which among the following is not found in the Memorandum of Association of aCompany?(a) Objectives of the Company (b) Authorised capital(c) Borrowing powers of Directors (d) Registered office
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12 As per Section 108 of Indian Evidence Act person will be declared as legallydead, if for a period of.........years or more, the persons who would havenormally known of his existence have not heard of him / known of hisexistence.(a) 12-years (b) 7-years(c) 5-years (d) 3-years
13 Section 45-Z of Banking Regulation Act, 1949 deal with?(a) Return of unclaimed deposits (b) Permission to open new
branches(c) Maintenance of currency chest (d) Return of paid cheque
14 What is "conversion" according to the Negotiable Instrument Act?(a) Calculating the rupee
equivalent of a negotiableinstrument expressed in foreigncurrency
(b) Payment of cash against tenderof negotiable instrument drawnon the Bank
(c) Payment to a holder in duecourse
(d) Wrongful transfer of the benefitof negotiable instrument to aperson who is not the trueowner
15 The relationship between the hirers of Bank locker and the Bank is that of:(a) Debtor - Creditor (b) Bailor - Bailee(c) Licensor - Licensee (d) Principal- Agent
16 The provisions of Consumer Protection Act,1986 are applicable to the servicesrendered by the Banks __________________.(a) To the customers of the Bank
only(b) To the customers and the users
of the services irrespective ofwhether the service is gratis orfor consideration
(c) To the customers and any userof Bank's services againstconsideration
(d) All of these
17 What does "Assignment" refer to ?(a) Immovable property (b) Ownership rights(c) Transfer of interest in
actionable claims(d) None of the above
18 As per Section___of NI Act 1881’A Minor can draw, endorse and accept anN.I’.(a) 16 (b) 26(c) 36 (d) 46
19 Which of the following is true about dishonor of cheques in NI Act 1881.(a) sections 138-142 have been
introduced by Banking, PublicFinancial Institutions andNegotiable Instruments LawsAmendment Act of 1988.
(b) Drawer is liable for eitherpunishment upto 2 yerars orwith fine which may go pto twicethe amount, or both if cheque isreturned for want of sufficientbalance
(c) Sec-138: Chq. return forinsufficient funds
(d) All of these
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20 As per Section___of Partnership Act 1932 ‘Joint and Several liability ofpartners for all acts’(a) 16 (b) 20(c) 25 (d) 46
21 As per Section___of Partnership Act 1932 ‘Death, Insolvency etc of a partnerdissolves the partnership’(a) 16 (b) 20(c) 25 (d) 42
22 As per Section___of BR Act 1949 ‘No Advance to be sanctioned by a Bankagainst its owns shares’(it will amount to reduction of its capital)(a) 16 (b) 20(c) 25 (d) 42
23 As per Section___of BR Act 1949 ‘Ombudsman is appointed’ is defined(a) 25 (b) 30(c) 35A (d) 45Y
24 As per Section___of BR Act 1949 ‘Nomination facility’ is defined in(a) 45C (b) 30Z(c) 45ZA – 45ZF (d) 45Y
25 As per Section___of Indian Contract Act 1872 ‘Claytons rule. Appropriation ofpayments when several debts are owed.’ is defined in(a) 45-50 (b) 50-55(c) 59-61 (d) 59-65
26 Mortgage is defined in ____________.(a) Sale of Goods Act (b) Contract Act(c) Transfer of property Act (d) Companies Act
27 Pari Passu charge refers to a charge ____________.(a) Ranking equally in priority,
regardless of quantum ofadvances
(b) Merely notional in nature
(c) Ranking equally in priority inproportion to the lender's shareof advance
(d) None of these
28 RBI issue directive to banks in respect of their loan / advances, under sec21 of:(a) Banking Regulation Act (b) Negotiable Instrument Act(c) SBI Act (d) RBI Act 1934
29 The right to set-off of a banker has been conferred on the bank under …...(a) NI Act (b) Indian Contract Act(c) RBI Act (d) Civil Procedure Code
30 Under which of the following situations, the Clayton's rule applies......(a) Payment of cheque (b) Right of set-off(c) Right of appropriation (d) B and c
31 In the process of issuing a garnishee order court first issues.....(a) Order Nisi (b) Order primary(c) Order attachment (d) Order absolute
32 According to Hindu minority act and guardianship act 1956, the naturalguardian of married minor Hindu girl is.......(a) Husband, if he is a major (b) Father in law, if husband is
minor(c) Mother of the girl (d) a and b
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33 Usually, a loan obtained by a minor cannot be recovered but when it is givenfor the necessity, the loan can be recovered from his property. This provision isas per......(a) Sec 11, Indian contract
act1872(b) Sec 68, Indian contract act1872
(c) Sec 11, majority act1872 (d) Sec 11,Indian minority act 187234 A partnership firm can be registered with......
(a) Registrar of firms (b) Registrar of companies(c) Registrar of deeds (d) Registrar of estate
35 A company winds up its affairs and the Person appointed for this purpose bythe court is -(a) Executor (b) Administrator(c) Receiver (d) Liquidator
36 Who issues Certificate of Incorporation ?(a) Central Govt (b) Ministry of corporate affairs(c) Registrar of firms (d) Registrar of Companies
37 Which of the following documents will have to be carefully examined by a bankbranch, when It is approached by Administrator of a deceased estate?(a) Succession certificate (b) Letter of probate(c) Letter of Administration (d) Liquidation order
38 Who among the following is empowered to issue the succession certificate ?(a) Special executive magistrate (b) Tahasildar(c) Dist judge or high court (d) Presiding officer of DRT
39 A minor can draw, endorse and accept the cheque/negotiable instrument tobind(a) Self (b) Others(c) Drawer (d) All other except self
40 Basel-III capital regulation will be fully implemented in India by........(a) 31.03.2015 (b) 31.03.2017(c) 31.03.2019 (d) 31.03.2018
41 Bank does not disclose the affairs of the customer's account and maintainsecrecy owing to …........(a) Sec 27 of BR Act (b) Sec 17 RBI Act(c) Sec 13, Banking Company
acq.& trf of u/t Act 1970(d) Sec 43, Banking Secrecy Act
42 Garnishee order attaches:(a) Balance in term deposit (b) Term deposit payable at
maturity(c) Unrealized proceeds of
instruments sent for collection(d) both a & b
43 The legal status of a nominee is ---------.(a) Trustee for legal heirs (b) The depositor(c) Agent of legal heirs (d) Agent of the depositor
44 BCSBI is a registered entity under ….act.(a) Societies Regn act (b) RBI act(c) NI act (d) BR act
45 Who can seek information from the Bank(a) Individual (b) Organisation(c) Association (d) All of these
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46 In respect of application received through a CAPIO, the CPIO has a time limitof ….... days from the date of receipt of the application by the CAPIO.(a) 35 (b) 30(c) 25 (d) 20
47 Under the provisions of the RTI act, the appellate authority for branches in thecircle is......(a) GM of the Network (b) CGM(c) DGM of Module (d) None of these
48 what is the maximum limit on the amount of compensation as specified in anaward by the Banking Ombudsman(a) 10 lac (b) 15 lac(c) 20 lac (d) 30 lac
49 The District Forum Under the COPRA can hear claims upto a maximum of …...(a) 20 lac (b) 15 lac(c) 10 lac (d) 30 lac
50 President of State Commission Under the COPRA is a judge from the ….....(a) High Court (b) District Court(c) Sessions Court (d) None of these.
51 The apex appellate authority under the provisions of the COPRA is.....(a) Supreme Court (b) High Court(c) National Forum (d) None of these.
52 In case of Bank Deposits the Law of Limitation operates from the Date of ….....(a) Deposit (b) Maturity(c) Demand (d) Not Applicable
53 Appellate Authority is vested with......... under the provisions of the BankingOmbudsman Act.(a) Deputy Governor of the RBI (b) Regional Director of the RBI(c) High Court (d) Supreme Court
54 A physical grievance from a pensioner has to be acknowledged within a periodof …. days.(a) 1 (b) 2(c) 3 (d) 4
55 The amount to the credit of any account in India with any bank which has notbeen operated upon for a period of ten years will be transferred to....... fund.(a) Depositor Education and
Awareness(b) Rural Infra Development
(c) Financial Education (d) Rural Poverty Alleviation56 Which of the following is not a document of title to goods
(a) Railway Receipt (b) Lorry Receipt
(c) None of these (d) Bill of lading
57 Tax is required to be deducted at source when rent payments made in afinancial year [including advance, if any] exceed Rs.......lac.(a) 1.8 (b) 2(c) 2.5 (d) 1.5
58 Form 24Q/26Q/27Q is associated with........(a) Yrly TDS statement (b) Qrtly TDS statement(c) Yrly Service Tax statement (d) Qrtly Service Tax statement
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59 The periodicity of submission of Form15(G/H) to IT deptt is......(a) Half yearly (b) Yearly(c) Monthly (d) Weekly
60 Under RTI Act CIC (Central Information Commission) can impose penalty ofRs.____ per day till the information is provided subject to a maximum of Rs.__(a) 500/- & 25,000/- (b) 100/- & 10,000/-(c) 250/- & 25,000/- (d) 500/- & 50,000/-
61 Equitable Mortgage is defined under which act(a) Sale of goods Act (b) Registration Act(c) Transfer of property Act (d) Transfer of Assets Act
62 Garnishee order is issued by court under(a) Sec 50 of Civil Procedure Code
(1908)(b) Sec 126 of Indian Contract Act
(c) Sec 60 of Civil Procedure Code(1908)
(d) Sec 102 of Criminal ProcedureCode (1973)
63 The Bank has the right to sell the gold ornaments pledged, after givingreasonable notice to the borrower vide section ___ of the Indian Contract Act.(a) 138 (b) 25(c) 167 (d) 176
64 As per Sec __ of RBI ACT 1934, CRR to be maintained with RBI(a) 24 (b) 42(c) 44 (d) 28
65 Under COPRA Act District forum deals with claims up to______(a) Rs.20 lacs (b) Rs.25 lacs(c) Rs.5 lacs (d) Rs.50 lacs
66 Penalty for non stamping / under stamping up to _________ ,the amount bywhich documents have been under stamped.(a) 10 Times (b) 5 times(c) 20 times (d) 15 times
67 Father of a minor is convicted and imprisoned. Then the natural guardian of thechild will be(a) Mother (b) Elder brother(c) Paternal grand father (d) Father
68 Consumer protection act is not applicable to(a) Failure to open accounts (b) Failure to issue draft(c) Failure to accept small
denominations & small coins(d) Non-sanction of loans and
advances.69 Inchoate instrument is
(a) No proper name (b) Instrument partially or fullydestroyed
(c) Incomplete instrument (d) Instrument not legible.70 “uberrimae fides” contracts are pertinent to
(a) Banking sector (b) Capital markets(c) Insurance sector (d) Mutual funds sector
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LEGAL ASPECTS - ANSWERS
1 a 11 c 21 d 31 a 41 c 51 a 61 c2 b 12 b 22 b 32 d 42 d 52 c 62 c3 c 13 d 23 c 33 b 43 a 53 a 63 d4 a 14 d 24 c 34 a 44 a 54 c 64 b5 a 15 c 25 c 35 d 45 d 55 a 65 a6 a 16 c 26 c 36 d 46 a 56 b 66 a7 b 17 c 27 c 37 c 47 a 57 a 67 a8 b 18 b 28 a 38 c 48 a 58 b 68 d9 d 19 d 29 b 39 d 49 a 59 c 69 c10 d 20 c 30 c 40 c 50 a 60 a 70 c
FOREIGN EXCHANGEPrepared by Sri. K S Prakash Rao, Manager (Training)
1. NRI status is derived fromA Residential status B Citizenship/origin of a personC Both the above D None of the above
2. Sending foreign currency remittance through “fx-out” is available atA NRI branches B NRI intensive branchesC All SBI branches D Authorised branches
3. Ceiling on interest rate on 3-5 yr maturity of FCNR(B) depositA LIBOR/ SWAP rates plus 200
basis pointsB LIBOR/ SWAP rates plus 100 basis
pointsC LIBOR/ SWAP rates plus 300
basis pointsD Deregulated now
4. OCB (Overseas Corporate Body) is permitted to openA NRE account only B FCNR account onlyC Both the above D None of the above
5. The main difference between NRI and NRO account isA Repatriability of funds B Nature of accountsC Both the above D None of the above.
6. Resident Foreign Currency (Domestic) Account is aA Current account B Current account or Term DepositC SB or Term Deposit D SB, CA or TDR / STDR
7. Which of the following is not true about NRO account?A NRO account can be opened
jointly with resident.B NRO account can be opened
jointly with Non-Resident.C Nomination facility is available to
NRO account holders.D A resident can’t operate a NRO
account based on a POA.
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8. Which of the following is not true about NRO account?A Account holder can deposit any
convertible foreign currencybrought in by him through legalmeans.
B Legitimate income earned by NRIin India can be credited to NROaccount.
C The NRO account holder canrepatriate his current income.
D International credit card paymentscan’t be made by debit to NRO a/c
9. A NRI can repatriate balance in his NRO account for bonafide purposes up toA USD one million for FY B USD 0.1 million for FYC USD 10 million for FY D Can’t be repatriated.
10. A resident POA holder can operate on the NRO account of NRI forA All local payments in rupees
including payments for eligibleinvestments.
B For transfer of amount to otherNRO accounts
C Make gift to a resident on behalfof the NRI
D All the above.
11. A person having a overdraft facility became NRI. Then,A The OD should be closed
immediately.B The OD may be allowed to
continue subject to repayment fromdomestic sources alone.
C The OD may be allowed tocontinue subject to repaymenteither from domestic sources orlegitimate inward remittances.
D Before leaving for foreign country,the account should be closed.
12. NRE accounts areA Rupee designated accounts B Opened in 6 foreign currenciesC POA holder of NRI can open the
account for NRID Both (a) & (c) are correct
13. Which of the following is true regarding NRE accounts?A Balances in the accounts are fully
repatriable.B Balances with interest can be fully
repatriated.C They are exempted from income
tax, but not form wealth tax.D They are not exempted from any
tax.14. An NRI can open FCNR(B) joint account with
A An NRI with Malaysian passport. B Any resident Indian.C Another NRI. D Resident close relative
15. Which of the following is false about NRE accounts?A NRE accounts can be opened as
SB,CA and STDR with normalmaturity periods as applicable todomestic deposits.
B Interest rates are totally de-regulated for NRE deposits.
C Transfers from FCNR accounts isstrictly restricted for NREaccounts.
D All the above.
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16. Which of the following is not a permitted debit for NRE account?A Local disbursements B Transfer to FCNR/NRE accounts of
other people.C Remittance outside India D None of the above.
17. Which of the following is correct about NRE accounts?A NRE account balances can’t be
used for payment of charges ofInternational credit cards.
B FCNs tendered by POA of NRI canbe credited to NRE account of theNRI
C POA holder of NRE account can’tmake gifts on behalf of the NRI
D All the above.
18. Upon return to India, the NRE account of a NRI isA Is re designated as resident rupee
accountB Converted into RFC
(HCD) deposit.C Either of the two at the option of
the depositor.D Can be continued as NRE account.
19. Upon return of NRI, the fixed deposit in NRE accountA Will be converted into resident
account and will earn applicabledeposit rates to domestic deposits
B Can be continued as NRE accounttill the date of maturity and as perNRE deposit rates
C Will be converted into residentaccount but continue to earn NRErates if the same is continued tillthe date of maturity
D None of the above
20. Which of the following is true regarding FCNR(B) deposit scheme?A They are 6 foreign currency
designated accounts in the formof STDR,SB,CA etc
B They are foreign currencydesignated term deposits withmaximum maturity period of fiveyears irrespective of the currency.
C The interest income from theseaccounts is not free of tax.
D Recurring deposits can beaccepted under FCNR(B).
21. Firms dealing in purchase / sale of rough or cut and polished diamonds /precious metal jewellery can transact through Diamond Dollar Account if theyhave average annual turnover of ______ during the preceding three licensingyearsA Rs. 3 crores B Rs. 1 croreC USD 1 Mio D USD 250000
22. Which of the following is not a permitted mode to open FCNR(B) account?A By a transfer of funds from
existing NRE accounts.B By transfer of funds from existing
FCNR(B) account.C By transfer of funds from NRO
accounts.D With funds received by debit to the
account of non-resident bankmaintained with authorized dealerin India.
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23. Which of the following is true regarding FCNR(B) accounts?A All credits permitted in NRE
accounts are also permitted inFCNR(B) accounts.
B All debits permitted in NREaccounts are not permitted inFCNR(B) deposits as well.
C The maturity proceeds of theFCNR(B) deposit can not beremitted to third parties outsideIndia.
D Only (b) & (c) are true.
24. Which of the following is true regarding maturity proceeds of FCNR(B) depositscheme?A The maturity proceeds will be
paid in the same designatedcurrency and the depositor can’tconvert it into the currency of hischoice.
B TT buying rate will be offered to thedepositor for converting thematurity proceeds into Rupees.
C Interest is payable quarterly onFCNR(B) deposit as per thechoice of the depositor.
D All the above.
25. The sale proceeds of the immovable property held by an NRI can be remittedabroad upto ________ per financial yearA USD 250000 B USD 1 MioC USD 100,000 C Rs. 100,000
26. FCNR(B) deposits can be maintained inA USD or GBP B Any freely convertible currencyC USD, GBP or EURO D INR
27. The repatriation of sale proceeds of immovable property should not exceed theamount paid for acquisition of the property received through normal channels orout of funds held inA NRE account B EEFC accountC FCNR(B) account D A or C
28. The sum total of accruals during a calendar month in EEFC accounts is toconverted into Rupee value byA before the last day of the current
monthB before the last day of the
succeeding calendar monthC before the last day of the current
financial yearD before the last day of the
succeeding financial year29. Which of the following statement is true regarding loans to NRIs against
deposits?A No loans can be granted to third
parties against NRI deposits.B The loan amounts can be fully
repatriated.C The loan amount can be credited
to NRE account of the NRID The loan can be repaid out of local
rupee resources in the NROaccount of the NRI.
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30. Which of the following is true regarding loans in foreign currencies to NRIs?A Documents can be executed by
POA holderB Loan proceeds can be used for
investments in India.C Repayment of the loan can be
made from NRO account.D Loans can be sanctioned against
third party deposits.31. The repatriation of sale proceeds of residential immovable property by an NRI
is restricted toA No restrictions B Not more than five propertiesC Not more than three properties D Not more than two properties
32. In case of remittance of sale proceeds of immovable property purchased by NRIwith foreign exchange, the sale proceed are restricted toA USD 2 million for FY B 2 properties in a FYC 2 years lock in period is
stipulated.D None of the above.
33. A student with NRI status can receive from close relations in India, a foreignremittance of _______ under LRSA USD 250,000 for maintenance B USD 200,000 for maintenanceC USD 50,000 for maintenance D He can’t receive
34. SBI Express Rupee is aA A remittance product for US & UK
NRIsB A remittance product for Gulf NRIs
C A remittance product for US NRIsalone
D None of the above.
35. SBI Express is presently being facilitated byA GLS (Global Link Services) B GMU (Global Markets Unit)C OB,Mumbai D Exchange companies in Gulf
36. SBI Express Worldwide is a Money Transfer Request in GLS Worldwidewebsite through which online remittance upto ___________ is allowedA USD 100000 per financial year B USD 100000 per monthC USD 100000 per calendar year D USD 100000 per transaction
37. Online remittance facility for customers based out of UKA SBI Express Remit UK B SBI e-RemitC SBI ERupee D SBI Express Rupee
38. The internet based online platform for Mid-corporate, small and mediumenterprises to book their trade transactions at rates provided directly by theCentral Treasury, MumbaiA e-Remit B e-forexC ERupee. D None
39. RNOR (Resident but not ordinarily resident) is definedA Under FEMA Act B Under IT Act
C Defined by RBI D Defined by ministry of finance.
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40. A NRI after coming back to India got his NRE accounts converted into RFCaccounts. What is status of the account when he becomes NRI againA The RFC accounts will become
NRE accountsB They will continue as RFC
accounts.C Either of the above as per his
choiceD None of the above
41 The balance along with interest in NRE account can be repatriated with thepermission ofA RBI B Ministry of FinanceC Commerce Ministry D No permission required
42 Operation of NRE Account by third party can be permitted by ADSA Under a Power of Attorney B Letter of Authority in the prescribed
formatC Either of (a) or (b) D None of the above
43 Interest rate on NRI is regulated by RBIA TRUE B FALSE
44 Current income like rent, interest, pension can be credited to NRE accountA Tru B FALSE
45 ADs can grant FC loans to the NRIs minimum to the tune of Rs. _______A USD25000/GBP15000/EURO200
00B USD15000/GBP10000/EURO1000
0C USD30000/GBP20000/EURO250
00D No limit
46 TDR/STDR under NRE account can be opened for a period of :A Minimum 1 Year Maximum 10
YearsB Minimum 1 Year Maximum 5 Years
C Minimum 6 Months Maximum 10Years
D None of the above
47 What type of transaction is permitted by the Power of Attorney Holder?A Withdrawals for local payments B Remittance to the account holder
himself under a specific powerC Facilitate investments in India in
case NRI is permitted to do thesame
D All the above
48 For which nationality has RBI recently allowed opening of NRO account withoutseeking prior permissionA Bangladesh B PakistanC Both D Neither
49 ADs can grant loans in Indian Rupees to the NRIs against their NRE/FCNBdeposits maximum to the tune of Rs. __________A Equivalent to Rs. 50 lakhs B Equivalent to Rs. 100 lakhs
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C Equivalent to Rs. 20 lakhs D No limit50 Which is the product meant for NRIs residing in USA to send remittances to
friends and relatives in IndiaA SWIFT B Global RemittanceC NRI Remittance D SBI Express US Rapid Remittance
51 The remittance facility offered to Singapore NRIs isA S-Remit B e-RemitC Express Remit Singapore D None
52 Resident Foreign Currency (Home Coming Deposit) account can be opened inour bank in _____________currencyA Rupees B USDC GBP, USD, EURO D EURO
53 The minimum deposit in USD under RFC (HCD) is ___________A 1000 B 2000C 3000 D 5000
54 RFC (HCD) can be opened as ____________accountA Savings Bank B Current AccountC TDR D All the above
55 RFC (HCD) account can be maintained in _________name of the returningIndiansA Returning Indian who has been
NRI for minimum one yearB Joint (Both returning Indians are
eligible)C Jointly with resident close relative
on former or survivor basisD All of the Above
56 Advance value (In Rs.) is calculated at what rate in case of sanctioning rupeeloan against balance held in RFC (HCD) account.A Notional B TT SellingC TT Buying D FCTC buying
57 RFC (HCD) scheme replaced which of the earlier schemes?A NRE B NroC FCNR (B) D RIFEE
58 Balances under RFC (HCD) are exempted from the requirements ofA CRR B SLRC Both (a) and (b) D None of the above
59 A person resident in India may open an account in foreign currency under whichof the following schemesA Resident Foreign Currency
(Home Coming Deposit)B Resident Foreign Currency
(Domestic)C Either of (a) or (b) D None of the above
60 The minimum balance required for opening the account under RFC (Domestic)scheme in USD and EURO currencies isA 250 B 500
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C 750 D 100061 The balances of all accounts opened under RFC (Domestic) scheme will be
classified in which segmentA IB B C&IC P D DBD
62 A small legend is branded on the reverse of each cheque issued to the accountholder of RFC (Domestic)A Name B PurposeC Both (a) and (b) D None of the above
63 Unspent foreign exchange is to be submitted within how many days of returnA 180 B 90C 270 D 360
64 Name the card that offers freedom to shop anywhere in the worldA SME Credit Card B Kisan Gold CardC SBI Vishwa Yatra Foreign Travel
CardD Artisan Credit Card
65 What is the maximum limit up to which a resident can retain foreign currencynotes?A USD 1000 B USD 5000C USD 2000 D No limit
66 SBI Vishwa Yatra Card can be issued in which currencyA USD B GBPC Euro D All of the above
67 What is the minimum amount for which Vishwa Yatra Card can be initiallyloaded?A USD 200 B GBP 250,EURO 400 and USD 500C USD 1000 D USD 10000
68 What is the maximum amount for which Vishwa Yatra Travel Card can beissued?A USD 400 B USD 500C USD 600 D EURO & GBP equivalent of USD
1000069 Which rate will be applied while selling Vishwa Yatra Card?
A TT Selling B Bill SellingC TT Buying D TC Buying
70 Which rates will be applied for purchasing the unspent balance in Vishwa YatraCard?A Bill Buying B Bill SellingC TT Buying D TC Buying
71 A person going to Bhutan/Nepal cannot take Indian Rupees in denomination inexcess of
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A 100 B 500C 50 D No such restriction
72 What is the minimum reload amount for SBI Vishwa Yatra Foreign Travel Cardin GBP?A 120 B 130C 250 D 300
73 What is the minimum reload amount for SBI Vishwa Yatra Foreign Travel Cardin Euro?A 180 B 150C 250 D 100
ANSWERS1. c 2. c 3. c 4. d 5. a 6. a 7. d 8. d 9. a 10. a11. c 12 a 13. b 14. d 15. d 16. d 17. c 18. c 19. c 20. b21. a 22 c 23. a 24. b 25. b 26. b 27. d 28. b 29. d 30. c31. d 32 b 33. a 34. b 35. a 36. d 37. a 38. b 39. b 40. a41. d 42.c 43.b 44. a 45.a 46.a 47.d 48.a 49.d 50.d51.b 52.c 53.a 54.c 55.d 56.a 57.d 58.c 59.b 60.b
61.c 62.b 63.a 64.c 65.c 66.d 67.a 68.d 69.b 70.a71.a 72.a 73.b
INTERNATIONAL BANKING: EXPORTS & IMPORTSCompiled by Sri. K S Prakash Rao, Manager (Training)
1. All categories of foreign exchange earners are now allowed to retain ______% oftheir foreign exchange earnings in EEFC accounts.a) 50 b) 75c) 100 d) 125
2. Where an exporter receives advance payment (with or without interest), from abuyer outside India, the exporter shall be under an obligation to ensure that theshipment of goods is made within ____________ from the date of receipt ofadvance.a) Three months b) Six monthsc) one year d) 15 months
3. Expand OPGSPa) Online Payment Gateway
System Providersb) Online Payment Gateway Service
Provisionc) Online Payment Gateway
Service Providersd) Online Payment General Service
Providers
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4. The exporter should submit declaration in Form SOFTEX in quadruplicate inrespect of export of computer software and audio / video / television software tothe designated official concerned of the Government of India at STPI / EPZ /FTZ/SEZ for valuation / certification not later than ____ days from the date of invoice/ the date of last invoice raised in a montha) 30 b) 21c) 180 d) 90
5. Interest is paid on EEFC accounts at the rate ofa) TDR rate b) SB ratec) No interest d) As per FEMA rules
6. AD Category – I) banks have been allowed to offer the facility of repatriation ofexport related remittances by entering into standing arrangements with OPGSPsfor export of goods and services of value not exceedinga) USD 1,000,000 b) USD 1 Mioc) USD 10,000 d) Rs. 1 Crore
7. In cases where exporters’ present documents pertaining to exports after theprescribed period of ____ days from date of export, AD Category – I banks mayhandle them without prior approval of the Reserve Banka) 21 b) 15c) 7 d) 30
8. Status Holders exporters are permitted to “write off” to the extent of______ % ofthe total export proceeds realised during the previous calendar year if he has
not been able to realize the outstanding export dues for more than one year,despite best efforts,a) 5 b) 10c) 15 d) 20
9. EBW statement in the context of exports is for _________________.a) Export Bills Withheld b) Export Bills Without Paymentc) Exports Bills Withdrawn d) Export Bills Written Off
10. Who is the authority for considering requests by Indian exporter, for refund ofexport proceeds of goods exported from India and being re-imported into India onaccount of poor quality?.a) Once exported from India
cannot be imported back toIndia.
b) Authorised Dealer, who handled theexport realisation
c) Any authorized Dealer d) RBI11. FEMA rules have come into force with effect from ____________.
a) 1st June,2000 b) 1st June,2010c) 1st May,2000 d) 1st April, 2000
12. The exporter should submit declaration in Form SOFTEX in quadruplicate inrespect of export of computer software and audio / video / television software tothe designated official concerned of the Government of India at STPI / EPZ /FTZ/SEZ for valuation / certification not later than _______ days from the date ofinvoice / the date of last invoice raised in a month
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a) 30 b) 21c) 7 d) 10
13. Expand EDPMSa) Export Data Processing and
Monitoring Systemb) External Data Processing and
Monitoring Systemc) Export Data Processing and
Monitoring Serviced) Export Data Processing and
Maintenance System14. For setting up of an office abroad by Indian exporter, the maximum remittance
towards initial expenses, up to ____________% of the average annualsales/income or turnover during the last two financial years or up to twenty-fiveper cent of the net worth, whichever is higher can be permitted by authoriseddealers.a) 5 b) 10c) 15 d) 25
15. The rate of interest payable on the advance payment received by Indian exporter,should not exceed ____________ basis points.a) LIBOR + 10 b) LIBOR + 50c) LIBOR + 75 d) LIBOR + 100
16. Exporters having a minimum export turnover of ___________ during the lastfinancial year can be granted permission by the authorised dealers, for opening /hiring warehouses abroad.a) USD 50,000/- b) USD 75,000/-c) USD 150,000/- d) USD 100,000/-
17. AD Category – I banks may allow payment of commission by Indian exporters, inrespect of their exports covered under counter trade arrangement through________ Accounts designated in US Dollara) EEFC b) NREc) RFC d) Escrow
18. AD Category – I banks may regularize cases of dispatch of shipping documentsby the exporter direct to the consignee or his agent resident in the country of thefinal destination of goods, up to ____________ or its equivalent, per exportshipmenta) USD 10,000 b) USD 1 Mioc) USD 25,000 d) USD 10 Mio
19. AD Category – I bank may allow advance remittance for import of goods withoutany ceiling. However, if the amount of advance remittance exceeds____________ or its equivalent, an unconditional, irrevocable standby Letter ofCredit or a guarantee from an international bank of repute situated outside Indiaor a guarantee of an AD Category – I bank in India, if such a guarantee is issuedagainst the counter-guarantee of an international bank of repute situated outsideIndia, is obtained.a) USD 200,000 b) USD 75000c) USD 100000 d) USD 50000
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20. AD (Category–I) banks may permit settlement of import dues delayed due todisputes, financial difficulties, etc. and Interest thereon, for a period of lessthan_________ from the date of shipment.a) 1 year b) 2 yearsc) 3 years d) 5 years
21. Remittances against import of books may be allowed within ________, as to thetime limit, provided interest payment is as prescribed from time to time for tradecredit.a) 1 month b) 2 monthsc) 3 months d) without restriction
22. Which of the following is true with respect to pre-payment of usance import bills?,a) remittances may be made,
after reducing proportionateinterest for the unexpiredportion of usance at the rate atwhich interest has beenclaimed or LIBOR applicable.
b) prepayment of usance import bills isallowed only for 30 days.
c) prepayment of usance importbills is allowed freely.
d) No, prepayment of usance importbills is not allowed.
23. AD Category – I banks may make remittances where import bills have beenreceived directly by the importers from the overseas supplier provided the valueof import bill doesnot exceed USD _________.a) 100000 b) 150000c) 200000 d) 300000
24. AD Category - I banks may allow remittance for imports up to ______, where theimporter of rough diamonds, rough precious and semi-precious stones hasreceived the import bills / documents directly from the overseas supplier.a) USD 100,000 b) USD 200,000c) USD 300,000 d) No amount is allowed.
25. Currency declaration Form (CDF) to customs authorities need not be submitted ifat any one time, the value does not exceed ________ and/or the aggregatevalue of foreign currency notes (cash portion) alone brought in does not exceedUSD 5,000 (US Dollars five thousand) or its equivalent.a) USD 50,000 b) USD10,000c) USD 1,00,000 d) USD 5,000
26. In the case of a Public Sector Company or a Department/ Undertaking of theGovernment of India/ State Governments, approval from the Ministry of Finance,Government of India for advance remittance for import of services without bankguarantee for an amount exceeding _______a) USD 100,000 b) USD 10,00,000c) Rs.5,00,000 d) Rs. 5 crores
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27. In case of all imports made by post, where value of foreign exchange remitted /paid for import into India exceeds USD 100,000 or its equivalent, it is obligatoryon the part of the AD Category– I bank through which the relative remittance wasmade, to ensure that the importer submitsa) Customs Assessment
Certificateb) Postal Appraisal Form
c) Bill of Entry d) Either a or b28. Authorised Dealer (Category–I) may allow payment of interest on usance bills or
overdue interest for a period of __________, from the date of shipment at therate prescribed for trade credit from time to time.a) less than 6 months b) less than 1 yearc) less than 2 years d) less than three years
29. Import bills and documents should be received from the banker of the supplier bythe banker of the importer in India. AD Category – I bank should not, therefore,make remittances where import bills have been received directly by the importersfrom the overseas supplier, except Where the value of import bill does notexceed USD ____________.a) 100000 b) 200000c) 250000 d) 300000
30. What is Currency Declaration Form (CDF)?a) Which is submitted to
Customs when an individualcarries foreign currency(import of currency)
b) Which is submitted to Customs whenan individual sales foreign currency,after arrival in India
c) Which is submitted toCustoms when an individualconsumes foreign currency
d) Which is submitted to Customs whenan individual exports foreigncurrency (export of currency)
31. SOFTEX Form relates to _____________.a) Soft foreign remittances b) Import and export of Softwaresc) Soft form of Foreign Exchange
related returnsd) Form to be submitted to RBI by
Authorised dealers at monthlyintervals.
32. Authorized Dealers need not obtain any document, including Form A-1, except asimple letter from the applicant , as long as it is a current account transaction, ifthe amount does not exceed ____.a) USD 100 b) USD 500c) USD 750 d) USD 25000
33. Any person resident in India who had gone out of India on a temporary visit, maybring into India at the time of his return (other than from Nepal and Bhutan),currency notes of India up to an amount not exceeding __________.a) Rs.15,000/- per person b) Rs.25,000/- per personc) Rs.7,500/- per person d) No such cap, since he is bringing
back Indian currency.
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34. Which of the following is true with respect to advance payments for import ofgoods?a) Irrevocable Letter of Credit or
Bank Guarantee to beobtained if the amount ofremittance exceeds USD100000.
b) Irrevocable Letter of Credit or BankGuarantee to be obtained if theamount of remittance exceeds USD50000.
c) No Irrevocable Letter of Creditor Bank Guarantee need to beobtained now.
d) Irrevocable Letter of Credit or BankGuarantee to be obtained if theamount of remittance exceeds USD200000
35. For status holder exporters, the limit for EDF waiver as per the present ForeignTrade Policy is Rs._____ or 2 per cent of the average annual export realizationduring the preceding three licensing years (April-March), whichever is highera) USD 100,000 b) Rs.10 lacsc) USD 10 Mio d) Rs.1,00,000
36. AD Category – I banks may consider requests for grant of EDF waiver fromexporters for export of goods free of cost, for export promotion up to 2 per cent ofthe average annual exports of the applicant during the preceding three financialyears subject to a ceiling ofa) Rs.5 lacs b) USD 500,000c) Rs. 50 lacs d) USD 5 Mio
37. Airline companies which have been permitted by the Directorate General of CivilAviation to operate can make advance remittance without bank guarantee, upto_____________ for purchase of aircrafts/ Helicopters.a) USD 25 million. b) USD 50 million.c) USD 75 million. d) USD 100 million.
38. With respect of direct import of Gold, which of the following is true?a) Suppliers’ and Buyers’ Credit,
including the usance period ofLCs opened should notexceed 90 days.
b) Suppliers’ and Buyers’ Credit,including the usance period of LCsshould not exceed 180 days.
c) Suppliers’ and Buyers’ Credit,including the usance period ofLCs opened should notexceed 360 days.
d) No Suppliers’ and Buyers’ Credit, isallowed for direct import of gold.
39. Documents evidencing import into India should be preserved by AD Category – Ibanks for a period of ___________ from the date of its verificationa) 6 months b) 9 monthsc) one year d) 3 years.
40. Where imports are made in non-physical form, i.e., software or data throughinternet / datacom channels and drawings and designs through e-mail/fax, acertificate from ______________ that the software / data / drawing/ design hasbeen received by the importer, is to be obtained by the authorised dealer.a) Concerned receiving Bank. b) Chartered Accountant
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c) Exporter d) RBI41. What is BEF statement?
a) Statement submitted byauthorised dealer to RBI withregard to importers defaultingsubmission of importdocuments
b) Statement submitted by authoriseddealer to RBI with regard toexporters who defaulted submissionof documents.
c) Statement submitted byauthorised dealer to RBI withregard to defaulting importers& exporters.
d) Statement submitted by RBI to GOIwith regard to importers.
42. Which of the following is true with regard to Merchanting Trade?a) The entire merchant trade
transaction to be completedwithin a period of 3 months.
b) The entire merchant tradetransaction is to be completed withina period of 45 days.
c) The entire merchant tradetransaction to be completedwithin a period of 9 months.
d) Merchanting Trade transactions arenot being permitted now.
43. AD Category–I bank may accept, in lieu of Exchange Control copy of Bill of Entryfor home consumption, a certificate from the Chief Executive Officer (CEO) orauditor of the company that the goods for which remittance less than USD1,000,000 was made have actually been imported to India, provided thecompany is a listed one and it’s networth is not less than Rs._________crores.a) 50 b) 100c) 150 d) 250
44. Expand XBRLa) eXtensible Business
Reporting Languageb) eXtensible Bills Receivable Letter
c) eXtensible BusinessReporting Letter
d) eXtensible Bills Reversal Letter
45. Bill of Entry is ______________.a) Evidence of export b) Evidence of paymentc) Evidence of import d) Evidence of remittance
46. EEFC stands for __________________.a) Earners Exchange & Foreign
Currencyb) Exchange Earning Foreign Currency
c) Exchange & Earning ForeignCurrency
d) Exchange Earners’ Foreign Currency
47. In cases where exporters’ present documents pertaining to exports after theprescribed period of ____ days from date of export, AD Category – I banks mayhandle them without prior approval of the Reserve Bank, provided they aresatisfied about the bonafides of the transactiona) 90 b) 30c) 21 d) 7
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48. What is EDF in exports?a) Export Declaration Form b) Extended Delivery Formc) Export Demand Form d) Estate Declaration Form
49. Bill of Lading is _______________.a) Evidence of shipment b) Evidence of importc) Evidence of payment d) Evidence of remittance.
50. At what intervals the BEF statement is submitted to RBI?a) Every June & December b) Every May & Novemberc) Every March & September d) It has recently been dispensed with.
51 The normal time limit for settlement of import payment is within how many daysfrom the date of shipmentA 30 days B 6 monthsC 21 days D None of the above
52 Consolidated statement of Trade Credits is submitted to RBI at what intervalsA Fortnightly B MonthlyC Quarterly D Half Yearly
53 Documents evidencing import are to be preserved for how many years from thedate of verification, except in cases of investigation.A 1 Year B 2 YearsC 3 Years D Not required
54 Non submission of evidence by the importers is to submitted to RBI in whichreturn?A XOS B ENCC BEF D STAT
55 Evidence of import/Bill of Entry is to be submitted by the importer within a periodof ______________from the date of remittance.A 21 days B 3 monthsC 30 days D 6 months
56 Fully utilized Control Copy of Import License is to be retained byA RBI B ImporterC AD D DGFT
57 A no objection certificate, Chartered Accountant’s certificate, Certificate ofpayment of I.T. are required for remittance ofA Import under Penalty B Replacement importC Import of films on lease/rental
basisD Import of Aircraft/Aircraft
engine/helicopter on lease basis58 Which is not applicable in case of Diamond Dollar Account?
A Customer to have good trackrecord of 3 years and averageannual turnover of Rs. 5crores or above during 3
B Customer to apply through AD to RBIfor approval
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preceeding yearsC Customer can have a
maximum of 5 accountsD Only a & b are applicable
E All are applicable59 When the imports are made in non physical form, a certificate is required from
whom for evidencing the import?A Chartered Accountant B RBIC Authorized Dealer D Exporter
60 Import licenses are issued for what value of the goods to be importedA FOB B CIFC Insured D None of the above
61 In case of postal imports importer has to submitA Postal appraisal form B Custom assessment certificateC Either of these D Neither of these
62 Crystallisatiion means___________A Retirement of an import bill B Conversion of FC Liability into Rupee
LiabilityC Conversion of Rupee liability
into FC LiabilityD All of these
63 “Blue Card” denotesA A credit Card B A Debit CardC A Proposition by EU to attract
highly qualified professionalsfrom other countries
D None of these
64 What is TIBOR?A Tokyo Interbank Offered Rate B Taiwan Interbank Offered RateC Thailand InterBank Offered
RateD None of these
65 Centralized cheque collection and export bill payment centre isA GMU-K B IBG, Corporate CentreC GLS D Overseas Branch, Mumbai
66 GNR is a system of cheque collection prevalent in USA. GNR stands forA Guaranteed no return B General non receiptC General Non Return D Guaranteed non receipt
67 Inward Remittance Cell is atA Overseas Branch Mumbai B Overseas Branch, KolkattaC GMU – Kolkatta D None of the above
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ANSWERS1. C 2. C 3. C 4. A 5. C 6. C 7. A 8. B 9. D 10. B11. A 12 A 13
.A 14
.C 15
.D 16
.D 17
.D 18
.B 19
.A 20. C
21.
D 22 A 23.
D 24.
C 25.
B 26.
A 27.
D 28.
D 29.
D 30. A
31.
B 32 D 33.
B 34.
D 35.
B 36.
A 37.
B 38.
A 39.
C 40. B
41.
A 42 C 43.
B 44.
A 45.
C 46.
D 47.
C 48.
A 49.
A 50. A
51 B 52 B 53 A 54 C 55 B 56 C 57 C 58 E 59 A 60 B61 C 62 B 63 C 64 A 65 C 66 A
INTERNATIONAL BANKING (UCPDC)
Compiled by Sri. K S Prakash Rao, Manager (Training)
1 UCPDC in the context of International Banking stands for _______________.a) Uniform Customs and
Practice for DocumentaryCredits
b) Universal Customs and Proceduresfor Documentary credits
c) Universal Customs andPractice for Documentarycredits
d) Uniform Customs and Proceduresfor Documentary credits
2 Uniform Customs and Practice for Documentary Credits (UCPDC), Revision2007 is published by __________________.a) International Chamber of
Commerce (ICC)b) World Chamber of Commerce
c) International Monetary Fund(IMF)
d) World Bank
3 The bank that is not a confirming bank advises the credit and any amendmentwithout any undertaking to honour or negotiatea) The negotiating bank b) The issuing bankc) The advising bank d) The paying bank
4 The current version of UCPDC is ____________.a) UCPDC 500 b) UCPDC 600c) UCPDC 700 d) UCPDC 800
5 International Chamber of Commerce (ICC) is Head quartered at _________.a) Washington D.C. b) New Yorkc) Paris d) London
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6 URC rules are published by ICC. URC stands for _______________.a) Universal Rules for Collection b) Universal Realisation of Creditsc) Uniform Rules & Customs d) Uniform Rules for Collection
7 The no. of articles in current version of UCPDC is ________.a) 39 b) 29c) 19 d) 49
8 Article 2 of UCPDC is about ___________.a) Definitions of Applicant,
advising Bank, Credit etc.b) Credit Vs. Contracts
c) Documents Vs. Goods d) Amendments to a Credit.9 Which of the following is an Import L/c?
a) L/c opened by Citi Bank,Mumbai in favour of SBI, NewYork.
b) L/c opened by SBI, New York infavour of Citi Bank, Mumbai
10 The current version of URC, which is a publication of ICC is _______.a) URR 522 b) URC 522c) URC 725 d) URR 725
11 Except as otherwise provided by article 38, a credit can neither be amended norcancelled without the agreement ofa) the issuing bank b) the confirming bankc) the beneficiary d) All the these
12 Article ____ of UCPDC (ICC 600) illustrates about Issuing Bank undertaking.a) 7 b) 15c) 22 d) 29
13 Which of the following is True with respect to revised version of UCPDC 600?a) The no. of articles have been
reduced to 49 as against 59in the pre revised version
b) The no. of articles have beenreduced to 39 as against 49 in thepre revised version.
c) There is no change in No. ofArticles as equal no. ofarticles are deleted and areadded.
d) No. of Articles have been doubledwhen compared to pre revisedversion.
14 Article ____ of UCPDC (ICC 600) portrays Confirming Bank’s undertaking.a) 5 b) 8c) 11 d) 15
15 The other two important publications of International Chamber of Commerce,other than UCPDC,600 are ______________.a) URC, URR b) UCPDC 700 & 800c) UCPDC – I & II d) None of the above.
16 Unloading from one means of conveyance and reloading to another means ofconveyance (whether or not in different modes of transport) during the carriagefrom the place of dispatch to the place of final destination stated in the Credit is
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known as ___________.a) Bill of Lading b) Partial Shipmentc) Sea Way Bill d) Transhipment
17 UCPDC is in use in more than _______ countries.a) 175 b) 225c) 255 d) 301
18 What is true about calculation of maturity period as per UCP600?a) The words “from” and “after”
exclude date mentioned whenused to determine maturity
b) The words “from” and “after” includedate mentioned when used todetermine maturity
c) Either of the above d) Maturity date has to be specific19 A bank assumes no liability or responsibility for the consequences arising out of
the interruption of its business by Acts of God, riots, civil commotions,insurrections, wars, acts of terrorism, or by any strikes or lockouts or any othercauses beyond its control. This is as per Article _____ of UCPDC,600.a) 36 b) 37c) 38 d) 39
20 Which article of UCPDC deals with Extension of Expiry Date or Last Day forPresentation?a) 22 b) 25c) 29 d) 31
21 Which article of UCPDC deals with Partial Drawings and Shipments?a) 22 b) 29c) 30 d) 31
22 Which of the following statements is True with regard to Advising Bank?a) An advising bank may utilize
the services of another bank(“second advising bank”) toadvise the credit and anyamendment to the beneficiary.
b) An advising bank cannot utilize theservices of another bank (“secondadvising bank”) to advise the creditand any amendment to thebeneficiary.
c) An advising bank, afteradvising the Credit, cannotadvise any furtheramendment to the beneficiary.
d) An advising bank which advises acredit must add its confirmation.
23 Except as otherwise provided by article 38, a credit can neither be amended norcancelled without the agreement of the issuing bank, the confirming bank, if any,and the beneficiary. This is as per Article _____ of UCPDC,600.a) 2 b) 10c) 19 d) 22
24 Which of the following is True with respect to UCPDC provisions?a) A credit is irrevocable even if
there is no indication to thateffect.
b) All credits are normally revocableeven if there is no indication to thateffect.
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c) A credit is irrevocable when itis requested by the Applicant.
d) All the above
25 A presentation including one or more original transport documents subject toArticles 19, 20, 21, 22, 23, 24 or 25 must be made by or on behalf of thebeneficiary not later than _______ calendar days after the date of shipment asdescribed in these rules, but in any event not later than the expiry date of thecredit.a) 15 b) 21c) 30 d) 60
26 Which Article of UCPDC deals with Examination of Documents?a) 14 b) 15c) 21 d) 22
27 Which of the following is True as per UCPDC,600?a) Beneficiary means the party in
whose favour a credit isissued.
b) Applicant means the party on whoserequest, the credit is issued.
c) Both a & b d) None of these28 Under Force Majeure Clause, as per Article 36 of UCPDC, Banks __________
a) assumes liability /responsibility for theinterruption of its business byActs of God, riots, civilcommotions, wars etc., if it iscovered by proper Insurance.
b) assumes responsibility but Noliability for the interruption of itsbusiness by Acts of God, riots, civilcommotions, wars etc., howeversuch liability shall not exceed theamount mentioned in the Credit
c) assumes liability but notresponsibility for theinterruption of its business byActs of God, riots, wars etc.,however such liability shallnot exceed the amountmentioned in the Credit (L/C).
d) assumes no liability or responsibilityfor the consequences arising out ofthe interruption of its business byActs of God, riots, civil commotions,insurrections, wars, acts of terrorism,or by any strikes or lockouts or anyother causes beyond its control.
29 In documents other than the _____________, the description of the goods,services or performance, if stated, may be in general terms not conflicting withtheir description in the credit.a) Beneficiary copy b) Transport documentc) Commercial invoice d) Insurance document
30 Which of the following is True with respect to UCPDC,600?a) Confirming bank means the
bank that adds itsconfirmation to a credit uponthe issuing bank’sauthorization or request.
b) Confirmation means a definiteundertaking of the confirming bank,in addition to that of the issuingbank, to honour or negotiate acomplying presentation.
c) Both a & b d) None of the above31 As per Article 14 of UCPDC, a nominated bank, a confirming bank, if any, and
the issuing bank shall each have a maximum of ______ banking days following
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the day of presentation to determine if a presentation is complying.a) 5 b) 7c) 9 d) 11
32 Unless a nominated bank is the __________, an authorization to honour ornegotiate does not impose any obligation on that nominated bank to honour ornegotiate, except when expressly agreed to by that nominated bank and socommunicated to the beneficiarya) paying bank b) advising bankc) confirming bank d) negotiating bank
33 You have received a Letter of Credit advised by SBI, International ServicesBranch (ISB), Mumbai issued by Barclays Bank, New York to be advised to M/sPQR & Sons, Hyderabad. The beneficiary wanted to know whether the L/Creceived, is revocable or irrevocable? You would _____________.a) Contact SBI, ISB, Mumbai b) Contact L/C opening Bankc) All L/Cs, if otherwise not
mentioned, are irrevocable.d) In the credit (L/C), a mention must
be there as to whether it is revocableor irrevocable.
34 Which of the following is True in connection with amendment of L/Cs?a) A bank that advises an
amendment should inform thebank from which it receivedthe amendment of any notifi-cation of acceptance orrejection
b) Partial acceptance of an amendmentis not allowed and will be deemed tobe notification of rejection of theamendment.
c) A provision in an amendmentto the effect that theamendment shall enter intoforce unless rejected by thebeneficiary within a certaintime shall be disregarded.
d) All of these
35 Article 18 of UCPDC deals with ____________.a) Bill of Lading b) Transport Documentsc) Quality Certificate d) Commercial Invoice
36 Who is the ultimate obligator of payment under LC?a) Negotiating Bank b) Confirmating Bankc) Nominated Bank d) Issuing Bank
37 Which of the following is True with regard to Confirming Bank?a) A confirming bank is
irrevocably bound to honouror negotiate as it adds itsconfirmation to the credit.
b) A confirming bank undertakes toreimburse another nominated bankthat has honoured or negotiated acomplying presentation andforwarded the documents to theconfirming bank.
c) If a bank is requested toconfirm a credit, but is not
d) All the above
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prepared to do so, it mustinform the issuing bank with-out delay and may advise thecredit without confirmation.
38 Partial acceptance of an amendment to credit isa) not allowed b) Allowedc) Allowed only with consent of
issuing bankd) Allowed only with consent of
negotiating bank39 What is effective date of UCPDC600?
a) 01/06/2007 b) 01/07/2007c) 01/08/2007 d) 01/05/2007
40 As per Article 31 of UCPDC, which deals with Partial shipments, which of thefollowing is Correct?a) Only partial shipments are
allowed, but not partialdrawings.
b) Partial drawings or shipments areallowed.
c) Only partial drawings areallowed, but not partialshipments.
d) Both partial shipments and drawingsare not allowed.
41 Which of the following is True with respect to Commercial Invoice?a) It need not be signed. b) It should be signed & stamped.c) It should be countersigned by
Customs, after shipment.d) It should preferably in triplicate.
42 As per UCP 600, credit available with a nominated bank is also available witha) the issuing bank b) The advising bankc) the confirming bank d) The negotiating bank
43 Which is true about UCP 600 compared to UCP500?a) Article 6,8,12,38 of UCP 500
have been completely deleteb) 39 Articles are subdivided into sub-
articlesc) Topics wise categorization in
UCP 600 has been providedd) All are true
44 You have received a set of documents for negotiation and have observed thatdocuments require scrutiny and comparison with original credit for discrepanciesif any. You have ______ working days to do so.a) Five b) Sixc) Seven d) 21
45 Which of the following is True?a) A credit must state the bank
with which it is available orwhether it is available with anybank.
b) A credit must state whether it isavailable by sight payment, deferredpayment, acceptance or negotiation.
c) A credit must not be issuedavailable by a draft drawn on
d) All of the above.
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the applicant.46 As per Article 20 of UCPDC, a Bill of Lading _______________.
a) Must indicate the name of thecarrier and it should besigned.
b) Must indicate the port of loading andthe port of discharge stated in thecredit.
c) indicate that the goods havebeen shipped on board, anamed vessel at the port ofloading stated in the credit.
d) All the above
47 As per Article 30, which of the following is correct?a) The words "about"/
"approximately" used inconnection with the amount ofthe credit or the quantity/unitprice are to be construed asallowing a tolerance not toexceed 10% more or 10%less.
b) A tolerance not to exceed 5% moreor 5% less than the quantity of thegoods is allowed, provided the creditdoes not state the quantity in termsof a stipulated number of packingunits/individual items and the totalamount of the drawings does notexceed the amount of the credit.
c) Both a & b d) Tolerance which was upto 10% hasnow been reduced to zero.
48 The last Article of UCPDC i.e. Article 39 deals with ___________.a) Assignment of Proceeds b) Transferable Creditsc) Force Majeure d) Hours of Presentation
49 Which of the following is True as per the provisions of UCPDC?a) A document may be dated
prior to the issuance date ofthe credit, but must not bedated later than its date ofpresentation.
b) If the expiry date of a credit or thelast day for presentation falls on aday when the bank is closed forreasons other than Force Majeure,the expiry date or the last day forpresentation, as the case may be,will be extended to the first followingbanking day.
c) When the insurancedocument indicates that it hasbeen issued in more than oneoriginal, all originals must bepresented.
d) All of the above
50 Which of the following is True with regard to UCPDC,600?a) Negotiating bank / issuing
bank shall each have amaximum of five banking daysfollowing the day ofpresentation to determine ifdocuments are complying.
b) All Credits are treated asIrrevocable.
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c) The No. of Articles have beenpruned down to 39
d) All of the above
51. Which of the following is true as per Article 15 of UCPDC,600?a) When an issuing bank
determines that a presentationis complying, it must honour.
b) When a confirming bank determinesthat a presentation is complying, itmust honour or negotiate andforward the documents to the issuingbank.
c) When a nominated bankdetermines that a presentationis complying and honours ornegotiates, it must forward thedocuments to the confirmingbank or issuing bank.
d) All of the these.
52 The terms "beginning", "middle" and "end" of a month shall be construedrespectively as the 1st to thea) Between 11th to the 20th b) 11th to the 20th both dates exclusivec) 11th to the 20th both dates
inclusived) Between 10th to the 20th
53. What is meaning of “first class”, “well known”, “qualified”, “independent”,“competent” used to describe the issuer of a document as per UCP600?
a) The issuer must havequalified degree of well knowninstitute
b) The issuer must be having license toissue such document
c) The issuer must be givenpermission by competent toissue such documents
d) Any issuer except the beneficiarymay be first class or well known orqualified or independent orcompetent
54. Article 25 of UCPDC deals with ____________.a) Courier Receipt, Post Receipt
or Certificate of Postingb) Commercial Invoice
c) Bill of Lading d) Original Documents55. As per Article 17 of UCPDC, which of the following is true?
a) At least one original of eachdocument stipulated in thecredit must be presented.
b) A bank shall treat a document asoriginal, if it is bearing an apparentlyoriginal signature, mark, stamp, orlabel of the issuer of the document,unless the document itself indicatesthat it is not an original.
c) If a credit requirespresentation of copies ofdocuments, presentation ofeither originals or copies ispermitted.
d) All of these
56. Date of Bill of Lading is 01st June, LC is expiring on 23th June, then what will be
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the latest date of presentation of documents?a) 22nd June b) 15th Junec) 21st June d) 14th June
57. Article 26 of UCPDC deals with _____________.a) Air way Bill of Lading b) Clean Transport Documentc) Courier Receipt, Post Receipt
or Certificate of Postingd) "On Deck", "Shipper's Load and
Count", “Said by Shipper to Contain”and Charges Additional to Freight.
58. Which of the following is True with regard to UCPDC,600?a) These Articles/provisions are
applicable toForeign/Import/Exporttransactions only.
b) They are binding on all partiesthereto unless expressly modified orexcluded by the credit.
c) These are applicable to bothInland and Foreign Credits
d) Both b & c
59. What is true when expression “on or about” is used in Documentary Credit?a) 5 days before and after
specified dateb) Both start and end dates should be
includedc) Both of the above d) Date has to be specific
60. Which of the following is True with respect to UCPDC,600?
a) Issuing bank means the bankthat issues a credit at therequest of an applicant or onits own behalf.
b) Negotiation means the purchase bythe nominated bank of drafts,documents under a complyingpresentation.
c) Credit means any irrevocablearrangement that constitutes adefinite undertaking of theissuing bank to honour acomplying presentation.
d) All of the above.
ANSWERS1. a 2. a 3. c 4. b 5. c 6. d 7. a 8. a 9. a 10. b11. d 12 a 13
.b 14
.b 15
.a 16
.d 17
.a 18
.a 19
.a 20. c
21. d 22 a 23.
d 24.
a 25.
b 26.
a 27.
c 28.
d 29.
c 30. c
31. a 32 c 33.
c 34.
d 35.
d 36.
d 37.
d 38.
a 39.
b 40. b
41. a 42 a 43.
d 44.
a 45.
d 46.
d 47.
c 48.
a 49.
d 50. d
51. d 52 c 53.
d 54.
a 55.
d 56.
a 57.
d 58.
d 59.
c 60. d
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CASH DEPARTMENT PROCEDURES
Compiled by Shri. A.S.R.K.K.SARMA, Manager (Training)
1. Currency held by non-chest branches of SBI is the property of ?a) Govt of India b) SBIc) RBI d) None of these
2. Strong Room fitness certificate has to be renewed once in ?a) Once in two months b) A quarterc) Once in a year d) Six months
3. The size of the 2000/- bank note isa) 66x166 b) 66x156c) 66x176 d) 66x200
4. Excess cash found in the cash balance of a SWO has to be credited to ?a) Suspense account b) Charges accountc) Sundry Deposit account d) Commission account
5. The deposit and withdrawal of Cash Box in/from Vault under IBCH will beentered in ?a) Cash Receipt / Delivery Register b) Cash officer’s jotting bookc) Cash box receipt Delivery
Registerd) None of these
6. Cash held in the cash box overnight, will be treated as ?a) Sundry balance b) Petty cash balancec) Branch Cash balance d) None of these
7. Specific gravity of pure gold is ?a) 18.1 b) 20.1c) 19.3 d) None of these
8. Cash officer is responsible for ______ while sanctioning gold loan ?a) Purity b) Weightc) Value d) All the above
9. Gold ornaments of deceased borrower pending their settlement will have to bekept in ?a) Joint custody b) Safe Deposit Articlesc) In a separate locker d) None of these
10. Vault Register will always be kept in ?a) Accountant’s Hand Safe b) Strong Roomc) With Cash Officer d) None of these
11. Minimum Transaction that can be made to currency chest ?a) Rs 1 lakh & multiples of Rs 1 lak
onlyb) Rs 1 lak & in multiples of Rs
50,000 there ofc) Rs 50,000 & multiples of Rs
50,000d) None of these
12. Currency Chest is the property of ?a) Government of India b) SBIc) Reserve Bank of India d) None of the above
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13. Small Coin Depot consists of ?a) All coins b) Coins upto Rs. 1/-c) Coins below Re. 1/- d) Coins upto Rs. 5/-
14. Small Coin Depot (SCD) is the property of ?a) SBI b) RBIc) Govt. of India d) None of these
15. Rs 1/- notes are issued by ?a) Govt of India b) RBIc) IBA d) None of these
16. Min. withdrawal / deposits in SCD ?a) Rs 100/- & multiples of Rs 50/- b) Rs 500/- & multiples of Rs 50/-c) Rs 1000/- & multiples of 100/- d) None of these
17. Small coin depot transactions are to be reported to ?a) Zonal Office b) RBIc) FSLO d) None of these
18. Clean Note Policy (CNP) is governed by ?a) Sec 35 of Indian Currency Act b) Sec 35 A of B.R Actc) Sec 35 A of RBI Act d) None of these
19. Relationship between RBI & SBI in case of currency chests isa) Principal & Agent b) Bailor & Baileec) Agent & Principal d) None of these
20. Person preparing the note packet is responsible for both quality & quantity uptoa) Rs 100/- b) Rs 50/-c) Rs 10/- d) Rs 500/-
21. IBCH overnight cash retention limit is ?a) Rs 2 lakh b) Rs 5 lakhc) Rs 1 lakh d) None of these
22. In Branch Cash Handling (IBCH) is applicable to ?a) Metro branches b) Non currency chest branchesc) All branches d) Currency chest branches
23. For Rs 500/- & Rs 2000/- person preparing the note packet is responsible for ?a) Quantity only b) Quality onlyc) Both quality & quantity d) None of these
24. Balances in Currency Chest have to be verified by an official other than the jointcustodians once in ?a) Once in two months b) Half yearc) Quarter d) Once in a year
25. The difference between day’s total withdrawals and day’s total deposits in thechest is ?a) Treasury Transfer b) Cash Transferc) Currency Transfer d) None of these
26. The certificate of chest balance as on ____ is submitted to RBI by the Chestbranch ?a) 31st March b) 31st Mayc) 30th June d) 31st Dec
27. In a soiled note remittance to RBI if more than ___% of notes is found to beissuable notes, then entire remittance will be returned by RBI at sending bank’scost ?
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a) 10 b) 5c) 20 d) None of these
28. Name the of the Register to record exchange of Cash between SWOs in CashDept.?a) Cash Transfer Register b) Cash Receipts Delivery Registerc) Cash Officer’s Jotting Book d) Cash Transaction Register
29. What type of insurance cover is obtained for Cash Remittances?a) Comprehensive insurance cover b) Fidelity Insurance coverc) Transit Insurance cover d) None of these
30. As per the latest instructions of the RBI, FIR has to be lodged in case of FakeCurrency notes, if the no. of notes is ?a) 4 b) 5 or morec) 3 d) 2
31. Days net Withdrawal/ Deposit to reported to FSLO through ?a) ICCOMS b) IFAMSc) Fax d) email
32. Verification of Currency Chest balances by officials other than Joint custodian isdone at___________ intervals ?a) Once in a month b) Once in 2 monthsc) No periodicity stipulated d) Once in a quarter
33. Surprise verification of Critical Currency Chests is made by LHO at ?a) Monthly Interval b) Quarterly Intervalc) Half Yearly Interval d) No periodicity stipulated
34. Which of the following is true when remittance is sent from one currency chestto another currency chest ?a) Branch Cash Balance is credited
and RBI’s Account is debitedb) Branch Cash Balance is debited
and RBI’s Account is creditedc) No Entry is passed d) None of these
35. Charges towards police escorts, transport etc. for chest to chest remittances oftreasure is ?a) Borne by Bank b) Paid by RBIc) Paid initially by Bank, then
reimbursed by RBId) None of these
36. Repository is part of ?a) Branch Cash Balance b) Currency Chestc) Small Coin Depot d) None of these
37. Printing & Circulation of forged Indian currency notes is an offence u/s ?a) Sec 292 of Criminal Procedure
Codeb) Sec 489A to 489E of Indian Penal
Codec) Both d) None
38. Forged Note Vigilance Cell (FNVC) of the bank is required to submit data oncounterfeit notes detected during a month on all India basis by email to____before the end of succeeding month.a) RBI Issue Office b) FIU-IND, New Delhic) National Crime Records Bureau,
New Delhid) Currency Management Dept. of
RBI, Mumbai39. Fidelity insurance cover for single window operator is obtained for ?
a) Rs 1 Lakh b) Rs 2 Lakhc) Rs 5 lakh d) Rs 8 Lakh
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40. Recounting of note packets is not required for denominations upto ?a) Rs 50/- b) Rs 100/-c) Rs 500/- d) All note packets to be recounted
41. Who will be responsible for tampered bundles / note packets kept in the vault ?a) Cash-in-Charge alone b) Joint Custodian of Vaultc) Accountant alone d) Branch Head alone
42. In respect of soiled notes bundles prepared for remittance to RBI, who is/areresponsible for Quality & Quantity of notes in the bundle ?a) Person preparing the bundle b) Cash-in-chargec) Accountant d) Joint Custodian
43. Mahesh, single window operator, reported shortage of cash of Rs 5000/- in hiscounter on 3rd Jan 2014. He is also not in position to deposit the same.Shortage will be made good by debit to ?a) Suspense A/c b) System Suspense A/c Originating
Debitc) Recalled Asset A/c d) Charges A/c
44. Ceiling for petty cash expense is ?a) Rs.100/- b) Rs.25/-c) Rs.50/- d) Rs.49/-
45. Petty Cash should be checked by ____________ at _____________ intervala) BM, Monthly Irregular b) Accountant, Regularc) RM, Monthly d) BM, Fortnightly
46. Which of the following is not true regarding In- Branch Cash Handling Process ?a) Size of the aluminium box should
be 14”X11”X4” sizeb) Each SWO/Asstt. Cash is provided
with an aluminium box havingOvernight cash retentionlimit of Rs 1.00 lakh
c) Every day, in the beginning,Cash-in-Charge verifies thecontents of Cash box on thebasis of system generatedrandom list
d) This process will reduce the timespent by the Cash Officer/Cashier-in-charge/SWO/Assistant(Cash) in handing over andreceiving cash at thebeginning/close of the day
47. Safe deposit receipt relating to deposit of duplicate keys is entered in BDregister and the safe deposit receipt is held by _________________ ?a) Accountant outside the strong
roomb) Accountant inside the strong room
c) BM outside the strong room d) BM inside the strong room
48. One Re coin is issued under _______ acta) Coinage Act, 1906 b) RBIc) SBI d) BR Act
49. Currency Notes are printed at ?a) Nasik, Dewas, Mysore & Salboni b) Nasik, Pune, Indore & Kanpurc) Nasik, Pune, Dehradun &Mysore d) Nasik, Hissar, Salboni & Pune
50. Cash retention limit of the branch will be reviewed by _________ every year inthe month of__________ ?a) RM or CM (Admin), May b) CM (Admin), Mayc) Regional Manager, Nov d) RM or CM (Admin), Nov
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51. How many angular bleed lines in 2000/- note in left and right hand site in raisedprint?a) 7 b) 5c) 6 d) 4
52 The Controller of the branches will arrange for periodical cash verification ofHand Balance Branches ____ ?a) at half yearly interval by the
Branch Managers of nearbybranches
b) By the Branch Manager of theBranch
c) No need for verification d) None of the above53 The coverage of cash-in transit insurance will be limited to _____?
a) The cash retention limit of thebranch.
b) Upto 50,00,000/-
c) Upto 49,00,000/- d) None of the above54. What is Shrink Wrapping in Cash Department ?
a) While sending soiled remittanceto RBI Wrapping 1000 pieces ina bundle instead of packing 10packets of 100 pieces in abundle
b) While sending soiled remittanceto RBI packing 10 packets of 100pieces in a bundle
c) Both a) and b) d) None of the above55 While sending Soiled Note Remittance to RBI, remittance should sent in
multiples of ________?a) Rs.100000/- b) Rs.50000/-c) Rs.500/- d) None of the above
56 The counterfeit bank notes cannot be impounded by-------------a) All PSBs b) All Treasuries and Sub-treasuriesc) All NBFCs d) All Co-operative banks & RRBs
57 Cash shortage up to which is made good by the employee same day and ifthere is no suspicion of fraud, it need not be reported as fraud.a) Rs.1,000/- b) Rs.5,000/-c) Rs.10,000/- d) None of these
58 In order to keep FCN(Foreign Currency Notes) at optimum level, branches areadvised to handover the FCNs to …........a) Overseas Branch at monthly
intervalsb) M/s Thomas Cook India
Limited(TCIL) at regular intervalc) Reserve Bank of India d) Need not to hand over FCNs, to
be retained at branch59 The BGL A/c No.98903 in CBS is
a) Branch Cash Balance A/c b) Teller Cash Balance A/cc) Currency Transfer A/c d) Bin Balance A/c
60 The BGL A/c No.98912 in CBS isa) Branch Cash Balance A/c b) Teller Cash Balance A/cc) Currency Transfer A/c d) Bin Balance A/c
61 The basic colour of new 2000/- series note isa) Pink b) Redc) Magenta d) Stone gray
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62 The basic colour of new 500/- series note isa) Pink b) Redc) Magenta d) Stone gray
63 The dimension of new 500/- series note isa) 66 mmx160mm b) 66mmx170mmc) 66mmx150mm d) 66mmx140mm
64 The coins of denomination______ and below are now uncurrent coinsa) Rs.1 and below b) Rs.50 ps and belowc) Rs.25 ps and below d) Rs.10 ps and below.
65. In case of exchange of soiled notes at currency chest branches, Banks shouldexchange notes per person upto _____ notes and value of Rs.____ per dayfree of charge over the counter.a) 50 notes and Rs.10000 b) 20 notes and Rs.5000b) 10 notes and Rs.10000 d) 20 notes and Rs.10000
66. In case of exchange of soiled notes at currency chest branches, Where numberof notes presented by a person exceeds _____ notes and value of Rs.____perday against receipt for value to be credited later with service charge.a) 50 notes and Rs.10000 b) 20 notes and Rs.5000b) 10 notes and Rs.10000 d) 20 notes and Rs.10000
67. The CBS user type for Cash Officer/Cash-in-charge isa) 40 b) 45c) 60 d) 50
68. The CDC report of the difference between CGL Cash and BGL cash isa) Glcntr b) Glcashc) Glcomp d) Gldiff
69 The CGL number for CASH isa) 1260505001 b) 1204505001c) 5108505001 d) 5108505002
70 ICCOMS stands fora) Integrated Computerised
Currency Operations andManagement System
b) Integrated Computerised CentralOperations and ManagementSystem
c) Integrated Computerised ChestOperations and ManagementSystem
d) Integrated Currency ChestOperations and ManagementSystem
71.. Penalty in case of , shortages in soiled note remittance for notes indenomination upto 50 is ______a) Rs.50/- per peace in addition to
the lossb) Equal to the value of the
denomination per peace inaddition to the loss.
b) Rs.100/- per peace d) No penalty72 Penalty in case of , shortages in soiled note remittance for notes in
denomination of 100 and above is ______a) Rs.50/- per peace in addition to
the lossb) Equal to the value of the
denomination per peace inaddition to the loss.
b) Rs.100/- per peace d) No penalty
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73 Penalty Non-compliances with operational guidelines by currency chestsdetected by RBI Officials such as non functioning of CCTV,Branch Documentskept in strong room, Non utilisation of NSMs for sorting notes etc.,a) Rs.5000/- each irregularity and
Rs.10000/- in case of repitionb) Rs.5000/- each irregularity and
Rs.7500/- in case of repitionb) Rs.5000/- each irregularity and
Rs.50000/- in case of repitiond) Rs.5000/- each irregularity and
Rs.100000/- in case of repition74 The Manager(CAC) will report to _________
a) AGM of the region b) DGM of the AOc) GM directly d) Chief Manager of the Branch
75 User Capability and Usertype in case of Cash-In-charge Special Assistant/Senior Assistanta) Capability level : 4 and User
type: 60b) capability level : 5 and
Usertype:60c) capability level : 4 and User
type:50d) capability level : 4 and
Usertype:50
ANSWERS
1. b 2. c 3. a 4. c 5. c 6. c 7. c 8. d 9. b 10. b
11. b 12. c 13. c 14. c 15. a 16. a 17. c 18. b 19. a 20. a
21. c 22. c 23. b 24. a 25. c 26. b 27. b 28. b 29. c 30. b
31. b 32. b 33. b 34. c 35. c 36. b 37. b 38. d 39. c 40. b
41. b 42. a 43. c 44. c 45. a 46. c 47. c 48. a 49. a 50. a
51. a 52 a 53. a 54. a 55 b 56. c 57. a 58. b 59 a 60 b
61 c 62 d 63 c 64 c 65 b 66 b 67 d 68 c 69 B 70 A
71 a 72 b 73 a 74 b 75 a
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GOVERNMENT BUSINESS
Compiled by Shri. A.S.R.K.K.SARMA, Manager (Training)
1 SBI handles Govt. Business as agent of RBI as per(a) Sec 45 of RBI Act (b) Sec 32 of SBI Act(c) Both a & b (d) None of these
2 TDS deducted during the month should be deposited to the credit of GovtAccount(a) Before 1st of subsequent month (b) On the last working of the
respective month(c) Before 7th of subsequent month (d) None of these
3 Agency commission paid by RBI in respect of Govt. Receipts - Physical mode(a) Rs.45 per transaction (b) Rs.50 per transaction(c) 9 paise per Rs.100 (d) None of these
4 Agency commission paid by RBI in respect of Govt. Receipts-e-mode(a) Rs.50 per transaction (b) Rs.12 per transaction(c) 9 paise per Rs.100 (d) None of these
5 Agency commission paid by RBI in respect of pension payments where PensionFiles are held by the Bank(a) Rs.60 per transaction (b) Rs.65 per transaction(c) 5.5 paise per Rs.100 turnover (d) None of these
6 Agency commission paid by RBI in respect of payments other than pension(a) 9 paise per Rs.100 turnover (b) 5.5 paise per Rs.100 turnover(c) Rs.50 per transaction (d) None of these
7 PPF account can be opened by(a) Adult Individuals (b) HUF(c) NRI (d) All the above
8 Maximum amount that can be deposited in a PPF account during financial year(a) Rs.50000 (b) Rs.70000(c) Rs.150000 (d) None of the above
9 How many installments in a financial year are allowed for depositing amounts inPPF account(a) 5 (b) 9(c) 12 (d) None of these
10 Withdrawal is allowed from PPF account from _ _ _ _ _ _ _ _ onwards.(a) 3rd financial year (b) 5th financial year(c) 6th financial year (d) All the above are true
11 What is the maximum period for which a PPF account can be opened(a) 5 years (b) 10 years(c) 15 years (d) None of the above
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12 Who are eligible to open accounts under Senior Citizen Saving Scheme 2004(a) An individual who has attained
the age of 60 years and aboveon the date of opening of anaccount
(b) Who has attained the age of 55years or more but less than 60years and who has retired onsuperannuation or otherwise onthe date of opening the account
(c) Both a & b (d) None of the above
13 Min and Maximum amount that can be accepted under Senior Citizen SavingsScheme 2004(a) Min Rs.1000 and Max Rs.15
lacs(b) Min Rs.10000 and Max Rs.15
lacs(c) Any amount can deposited (d) None of the above
14 What is the maximum amount of deposit that can be accepted in cash underSenior Citizen Savings Scheme 2004(a) 100000 (b) 500000(c) 1500000 (d) No cash is accepted
15 Deposits under Senior Citizen Savings Scheme 2004 is accepted for amaximum period of(a) 3 years (b) 5 years(c) 5 years and extension by 3
more years(d) None of the above
16 What is the time limit within which Govt Transactions are to be settled with Govtof India(a) T+3 working days where
Dealing Branch and FPLB areat the same centre
(b) T+5 working days where DealingBranch and FPLB are differentcentres
(c) Both a & b are true (d) None of these17 CBDT transactions to be settled within
(a) T+3 working days irrespectiveof location
(b) T+5 working days
(c) T+1 working day (d) None of the above18 All Govt Transactions through e-mode to be settled within
(a) T+1 day (b) T+3 days(c) T+5 days (d) None of the above
19 Penalty rate for delay in settlement of Govt Transactions beyond permittedperiod is(a) At Bank Rate (b) Bank Rate+1%(c) Bank Rate + 2% (d) None of the above
20 What is the expansion of EASIEST(a) Electronic Accounting System
in Excise and Service Tax(b) Electronic Accounting Standards
in Excise and Service Tax(c) Eectronical Accounts Services
in Excise and Sales Tax(d) None of the above
21 Challan format to be used for CBEC credits is(a) GAR 7 (b) ITS 280(c) GAR 9 (d) None of the above
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22 Settlement of State Govt transactions with regional office of RBI is theresponsibility of(a) GAD (b) FLSO(c) FSLO (d) None of the above
23 GBSS has been launched w.e.f.(a) 01.1.2009 (b) 01.02.2009(c) 01.03.2009 (d) None of the above
24 Which of the following are not true with regard to e-Focal Point Link branches(a) e-FPB for CBDT –Bangalore
Main Branch(b) e-FPB for Central Excise – World
University Service Centre Branch,Chennai
(c) e-FPB for Service Tax – FortMarket Branch, Mumbai
(d) None of these
25 Which of the following statements are not true in case of CBDT Transactions(a) CIN will be generated for each
credit transaction(b) CIN consist of BSR code, Date
and serial number of challan(c) Quoting PAN/TAN mandatory
in challans(d) None of these
26 Issue of Bankers Cheques at the request of Government Departments converedunder RBI Remittance facility Scheme(a) Yes, Exchange need not be
collected(b) No, not covered under RBI
Remittance facility Scheme,hence exchange to be collected
27 Expand GBSS?(a) Government Business
Software Solutions(b) Government Business Software
System(c) Government Business System
Software(d) Government Banking Software
Solutions28 Certified copy of Datewise Monthly Statement (DMS) is called
(a) Verified Datewise MonthlyStatement (VDMS)
(b) Valued Datewise MonthlyStatement
(c) Certified Datewise MonthlyStatement (CDMS)
(d) None of the above
29 While transferring PPF account from one branch to the other what to be doneregarding the Accured Interest on the PPF A/c ?(a) A separate Draft has to be sent
to the other branch(b) Advise the Accured interest to the
other branch so as to incorporatethe same in CBS.
(c) A/c can be transferred as if it isa normal Deposit account inCBS.
(d) None of these
30 The time frame for crediting the pension/ family after despatch of New PPO ?(a) Within 5 days (b) With in a week(c) Within a fortnight (d) At the month end
31 Interest paid on PPF Account on ?(a) 31 January (b) On 31St March(c) 31 December (d) None of the above
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32 Interest will be accured on the balance available in PPF as on ?(a) Minimum balance between 5th
to 30th of every month(b) Minimum balance between 10th to
30th of every month(c) On daily balance (d) None of the above
33 Nomination facility available in PPF account ?(a) Available in the name of single
individual(b) Available infavour of one or more
persons(c) Not available (d) None of the above
34 PPF account gets matured after the completion of ____ Yrs(a) 10 Yrs (b) 15 Yrs(c) 20 Yrs (d) 25 Yrs
35 TDS decuted on Bank Deposits during the month of March to be remitted toGovt. by(a) 7th of next month (b) 27th April(c) 30th April (d) None of the above
36 Electronic filing of Quarterly TDS returns to be normally filed by(a) 15th day of next calendar
Quarter(b) 30th day of next calendar Quarter
(c) 6th day of the next calendarQuarter
(d) None of the above
37 Electronic filing of Quarterly TDS returns for the Quarter ending March 31 to befiled by(a) 15th day of next calendar
Quarter(b) 30th day of next calendar Quarter
(c) 31st May (d) None of the above38 Penalty for delay/wrong submission of TDS Quarterly returns
(a) Rs.300/- per day till the date offiling of returns
(b) Rs.200/- per day till the date offiling
(c) Flat 10,000/- (d) None of the above39 e-payment of central excise duty and service tax is mandatory for all tax payers
paying the tax of ___________ w.e.f. 01.01.2014.(a) Rs 1,00,000.00 (Rs One Lac) &
over(b) Rs.10,00,000/-
(c) e-payment not required (d) None of the above40 The pensioner can submit annual Life certificate at _________of the Bank either
in person or through his/ her authorized representative.(a) Home Branch (b) Non Home Branch(c) CPPC (d) Either at Home Branch or at Non-
home Branch41 Income Tax Refund Order is a ?
(a) Negotiable Instrument , 3months validity , Rs.50000/-
(b) Not Negotiable Instrument , 3months validity , Rs.50000/-
(c) Quasi Negotiable Instrument ,3 months validity , Rs.25000/-
(d) Quasi Negotiable Instrument , 3months validity , Rs.50000/-
42 Public provident Fund Scheme framed under provision(a) PPF ACT 1968 (23 OF 1968) (b) PPF ACT 1967 (23 OF 1968)(c) PPF ACT 1966 (23 OF 1968) (d) PPF ACT 1965 (23 OF 1968)
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43 What is the periodicity at which interest is paid out in SCSS account?(a) monthly (b) Half yearly(c) quarterly (d) Annually
44 What should be the source of funds for investing in SCSS?(a) Only retirement benefits (b) Part of investment should be
invariably from retirement benefits(c) Source of funds is immaterial, if
the depositor is of 60 yrs&above
(d) None of the above
45 In TDS Centralization, New BGL A/c No for TDS on Interest Paid on Deposits?(a) 4898047 (b) 4898048(c) 4898049 (d) 4898050
46 In TDS Centralization, New BGL A/c No for TDS on Pension Payments?(a) 4898048 (b) 4898049(c) 4898050 (d) 4898051
47 In TDS Centralization, New BGL A/c No for TDS on payments made toemployees (HRMS)?(a) 4898048 (b) 4898051(c) 4898049 (d) 4898050
48 In TDS Centralization, New BGL A/c No for TDS on Rent?(a) 4898047 (b) 4898048(c) 4898049 (d) 4898050
49 In TDS Centralization, New BGL A/c No for TDS on VPS?(a) 4898047 (b) 4898048(c) 4898049 (d) 4898050
50 In TDS Centralization, TDS on Interest paid on deposits comes under whichstream?(a) CBS (b) VPS(c) HRMS (d) CPPC
51 In TDS Centralization, TDS on Pension Payments comes under which stream?(a) CBS (b) VPS(c) HRMS (d) CPPC
52 In TDS Centralization, Name the Tool for TDS Centralization?(a) TDS Remittance System (b) TDS Reporting System(c) TDS Rating System (d) TDS Return System
53 In TDS Centralization, How many PAN Nos are mapped to HRMS stream(a) One (b) Two(c) Three (d) TAN will be mapped based on
each branch/network based onnetwork in the circle
54 In TDS Centralization, How many PAN Nos are mapped to CBS stream(a) One (b) Two(c) Three (d) TAN will be mapped based on
each branch/network based onnetwork in the circle
55 In TDS Centralization, How many PAN Nos are mapped to VPS stream(a) One (b) Two
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(c) Three (d) TAN will be mapped based oneach branch/network based onnetwork in the circle
56 In TDS Centralization, How many PAN Nos are mapped to CPPC stream(a) One (b) Two(c) Three (d) TAN will be mapped based on
each branch/network based onnetwork in the circle
57 In the GST regime, What is GSTN?(a) Goods and Service Tax
Network(b) Goods and Sales Tax Network
(c) Goods and Security TaxNetwork
(d) Goods and Supermarket TaxNetwork
58 Which taxes are migrated to GST?
(a) VAT and Service Tax (b) VAT ,Service Tax and CentralExcise
(c) VAT, Service Tax, CentralExcise and Income Tax
(d) VAT only
59 Due date for quarterly uploading of 15G/15H in respect of quarter ending Juneis (Ist quarter)(a) 15th july (b) 5th July(c) 31st July (d) 7th July
60 Due date for quarterly uploading of 15G/15H in respect of quarter endingDecember is (3rd quarter)(a) 15th January (b) 5th January(c) 31st January (d) 7th January
61 TDS Deduction certificate Form 16A is for?(a) Deduction in respect of
Salaries(b) Deduction in respect of other than
salary(c) Both a and B are correct (d) None of the above
62 Sukanya Samriddhi Account is for Girl’S below Yrs.(a) 2 Yrs (b) 10 Yrs.(c) 3 Yrs (d) 5 Yrs.
63 Minimum & Maximum contributions in Sukanya Samriddhi Account per year is(a) 100 & 150000 (b) 1000 & 100000(c) 1000& 150000 (d) 2500 & 250000
64 CIN stands for(a) Challan Inquiry Number (b) Challan Identification Number(c) Challan Information Number (d) Challan Identify Number
65 Minimum & Maximum contributions in Sukanya Samriddhi Account per financialyear is(a) 100 & 150000 (b) 1000 & 100000(c) 500 & 150000 (d) 1000& 150000
66 Deposits in Sukanya Samridhi Account can be made till the completion ofperiod of _______Years from the date opening of such account.(a) 12 Years (b) 15 Years(c) 18 Years (d) 10 Years
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67 Default Sukanya Samridhi Account can be regularised within _____ Years
(a) 15 Years (b) 12 Years(c) 18 Years (d) 10 Years
68 Default Sukanya Samridhi Account can be regularised by paying a penalty ofRs._____ per year along with minimum specified amount.(a) 150 (b) 50(c) 100 (d) No penalty
69 Sukanya Samridhi default account can only be regularised within 15 years else________ rate of interest is applicable at the time of maturity.(a) Original Interest applicable for
the product(b) PPF Interest
(c) Savings interest (d) Post Office Savings Bank interest
70 Withdrawal in Sukanya Samridhi Account is permitted only after the girl childattains the age of ______or has passed _____standard whichever is earlier.(a) 18 years or 8th standard (b) 18 years or 10th standard(c) 18 years or 7th standard (d) 18 years or Graduation
71 No interest is payable once the Sukanya Samridhi Account has complets _____Years from the date of its opening(a) 18 (b) 15(c) 21 (d) 20
72 The minimum and maximum purchase of gold in Sovereign Gold Bond Schemeper person is?(a) 2 grams & 500 grams (b) 5 grams & 500 grams(c) 1 gram & 500 grams (d) 2 grams & 100 grams
73 Payment and Processing of Staff pensions are at?(a) Centralised Staff Pension
Processing Cell(b) HRMS
(c) Branches (d) CPPC74.
Pensioners help line number ____________should be displayed prominently inthe Banking hall.(a) 1800112211 (b) 1800110009(c) 1800000000 (d) 1800111111
75 Compensation in respect of delay in crediting the pension by the pensionpayment branches is _______(a) Savings Bank rate (b) 18% fixed(c) TDR rate (d) 8% fixed
76 The interest payable on Sovereign Gold Bond Scheme is on ____basis?(a) Quarterly (b) Half yearly(c) Annually (d) Monthly
77 The tenure of Sovereign Gold Bond Scheme is(a) 5 years (b) 3 years(c) 8 years (d) 10 years
78 Premature closure in case of minor PPF accounts managed by guardians canbe considered with a penalty clause of ______(a) 1% less on the interest rate
applicable on PPF(b) 2% less on the interest rate
applicable on PPF
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(c) 1.5% less on the interest rateapplicable on PPF
(d) No premature closure allowed.
79 “Jeevan Pramaan” is a(a) SBI Life policy (b) Digital Life Certificate for
pensioners(c) SBI General policy (d) Savings Bank variant
80 In respect of OLTAS, BSR (Basic Statistical Return) Code of the Branchcontain_____digits(a) 7 digits (b) 5 digits(c) 10 digits (d) 8 digits
81 The Challan No. meant for payment of TDS/TCS is_____(a) ITNS 280 (b) ITNS 281(c) ITNS 279 (d) ITNS 282
82 The Challan No.meant for payment of Income Tax is ______(a) ITNS 280 (b) ITNS 281(c) ITNS 279 (d) ITNS 282
83 The regulatory authority for NPS (National Pension System) is(a) RBI (b) SBI(c) SEBI (d) PFRDA
84 Who are eligible to subscribe to NPS Scheme?(a) All individuals between to 18 to
60 years(b) All Individuals between 18 to 60
years including NRIs(c) All individuals between 21 to
60 years(d) All individuals between 21 to 60
years including NRIs.85 Sum assured in case of Pradhan Mantri Jeevan Jyothi Bhima Yojana (life
insurance cover for death due to any reason)(a) 1 lac (b) 2 lac(c) 3 laac (d) 5 lac
86 The premium payablefor PMJBY scheme is Rs.____?(a) Rs.330 (b) Rs.360(c) Rs.12/- (d) Rs.102/-
87 The premium payable for PMSBY (Pradhan Mantri Suraksha Bhima Yojana(Accidental insurance coverage scheme)(a) Rs.330 (b) Rs.360(c) Rs.12 (d) Rs102
88 PRAN stands for(a) Pension Retirement Account
Number(b) Permanent Retirement Account
Number(c) People Retirement Account
Number(d) Person Retirement Account
Number89 PAN No is a _______
(a) 10 digit numeric number (b) 10 digit alphanumeric number(c) 8 digit numeric number (d) 8 digit alphanumeric number
90 E kuber is a ________(a) Core Banking solution of CAC (b) Core Banking solution of SBI(c) Core Banking solution of RBI (d) Core Banking solution of SBI
subsidiaries
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ANSWERS1 c 2 c 3 b 4 b 5 b 6 b 7 a 8 c 9 c 10 c
11 c 12 c 13 a 14 a 15 c 16 c 17 a 18 a 19 c 20 a
21 a 22 c 23 b 24 d 25 d 26 b 27 a 28 a 29 c 30 b
31 b 32 a 33 b 34 b 35 c 36 b 37 c 38 b 39 a 40 d
41 c 42 a 43 c 44 c 45 a 46 d 47 d 48 b 49 c 50 a
51 d 52 b 53 a 54 d 55 a 56 a 57 a 58 b 59 c 60 c
61 b 62 b 63 c 64 b 65 d 66 b 67 a 68 b 69 d 70 b
71 c 72 c 73 b 74 b 75 d 76 b 77 c 78 a 79 b 80 a
81 b 82 a 83 d 84 b 85 b 86 a 87 c 88 b 89 b 90 c
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INTER BRANCH TRANSFER SYSTEM (IBTS)
Prepared by Shri A.S.R.K.K.SARMA, Manager (Training)1. IBTS is
A Inter branch transfer system B Inter branch transaction systemC Inter branch transfer scheme D Inter branch transaction scheme
2. IBTS is meant forA Inter branch transfers other than
SC/DDPsB Inter Branch transfers including
SC/DDPC Inter Branch transfers other than
staff purpose.D None of the above
3. How many new BGL accounts have been created for declining of an entry byResponding Branch?A 4 B 3C 2 D 8
4. The purpose of IBTS isA To ensure better control on inter
Branch transactions.B To replace Branch Clearing General
Account (BCGA) as IBTS is selfreconciliation facility.
C Due to RBI compulsions. D To enable faster realization ofSCs/DDPs
5. In IBTS, the transaction originated by the originating BranchA Can be monitored till the same is
responded by other Branch.B The other Branch should be
responding instantly.C The originating branch can’t view
the status after originatingtransaction.
D The controllers will be able to seethe status for follow up.
6. The transaction originated by the originated BranchA Should be accepted by the
responding Branch.B Can be accepted or declined by the
responding Branch.C Can be reversed by it at any point
of time.D Can’t be reversed by the originating
Branch7. The transaction originated by the originating Branch in IBTS
A Can be reversed by theoriginating Branch at any point oftime without the involvement ofthe responding Branch.
B Can be reversed by the originatingBranch on the same day withoutinvolvement of the respondingBranch.
C Can’t be reversed by the decliningBranch without getting declinedby the responding Branch.
D None of the above.
8. Once the transaction in IBTS is declined by the responding BranchA The originating Branch has to
manually reverse the entriesparked by the system in IBT-Sundry Deposit Account at theoriginating Branch
B The originating Branch can eitherreverse or re-originate the same.
C The responding Branch can onlyre-originate the entry afteracceptance
D Both (a) & (c)
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9. Re-origination of entry in IBTS by the originating Branch involvesA Accounting entries. B No accounting entries.C Automatic accounting entries at
originating Branch by the system.D Automatic accounting entries both
at originating Branch and atreceiving Branch by the system.
10. While re-origination of the entry by the originating Branch, which of the followingcan be changed/modified.A Destination Branch code, amount
and narrationB Destination Branch BGL No, amount
and narration.C Destination Branch code, amount
and destination BGL account.D Destination Branch code, BGL
account and narration.11. For responding a IBTS entry, the responding Branch
A Need not depend on anydocuments.
B It can respond after receivingsystem generated forward letter anddocuments.
C It can respond on the strength ofBranch Clearing GeneralAccount.
D None of the above.
12. An auto generated e-mail message will be sent by the system for Originatingentry of Rs.____ and above put through by the originating branch.A 2 lac. B 5 lacC 1 lac D 10 lac
13. In addition to an auto generated e-mail message, SMS also will be sent by thesystem for Originating entry of Rs.____ and above put through by the originatingbranch.A 25 lac B 50 lacC 1 crore D 2 crore
ANSWERS
1 B 2 A 3 c 4 B 5 A
6 B 7 B 8 A 9 B 10 D
11 B 12 B 13 C
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COMMERCIAL & INSTITUTIONAL FINANCE (C&I)
Compiled by Ms. Arun Jyothi,Chief Manager (Trng)
1 1. What are two types of Ratings we have in New CRA 2010?a) Regular & Simplified Ratings b) Borrower & Facility Ratingsc) WC & TL Ratings d) None of these
2 CRA 2010 is applicable for all advance accounts with aggregate exposure(Fundbased+Non fund based) of _______a) Rs 5 lacs and above b) Rs 1 crore and abovec) Rs 50 lacs and above for all loans
with a risk scoring modeld) Rs 5 crores and above
3 How many risk rating grades are there in CRA 2010?a) 16 b) 10c) 8 d) 15
4 CRA 2010 is applicable for all advance accounts with aggregate exposure(Fundbased+Non fund based) of _______a) Rs.5 lacs and above b) Rs 25 lacs and above for loans
sanctioned under general creditc) Rs 1 crore and above d) Rs 5 crores and above
5 What is the hurdle rate under New CRA-2010?a) SB- 5 b) SB- 4c) SB- 8 d) SB- 10
6 Opinion reports on Borrowers / Guarantors are to be updated at ---a) Quarterly intervals b) Half yearly intervalsc) at yearly intervals irrespective of
review / renewald) at the time of renewal / enhancement of
of limits7 Financial Follow up Reports (FFRs) to be submitted by borrowal accounts with FBWC
limits ofa) Rs 5 Crore and above b) Rs 2 Crores and abovec) Rs 1 Crore and above d) Rs 3 Crores and above
8 FFR I should be submitted ata) Quarterly intervals within 6 weeks
from the completion of the quarterb) Quarterly intervals within 6 weeks from
the completion of the quarterc) Half yearly intervals within 6 weeks
from the completion of the Half yeard) Half yearly intervals within 8 weeks
from the completion of the Half year9 What do you mean by specified securities?
a) stocks, funds and securities (otherthan immovable property) in whicha trustee may invest trust moneyunder any law for the time being inforce in India;
b) receipts, certificates or any other formof instrument issued by the State Bankin evidence of or representing amountsdeposited with it
c) any other security that may bespecified by the Central Board
d) All of the above
10 FFR II should be submitted ata) Quarterly intervals within 6 weeks
from the completion of the quarterb) Half yearly intervals within 8 weeks
from the completion of the Half yearc) Quarterly intervals within 6 weeks
from the completion of the quarterd) Half yearly intervals within 6 weeks
from the completion of the Half year
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11 Prudential exposure limits for single and group borrowers other than infrastructureprojects is:-a) 15% of the capital (Tier I and Tier II
Capital) of the Bank for single and40% for the group of borrowers
b) 25% for individual borrowers and 50%for group of borrowers
c) 20% of the capital of the Bank forindividual and 50% for the group ofborrowers
d) None of the above
12 What constitutes exposure?a) Includes both FB and NFB limits
sanctioned to the borrowersb) Loans and advances sanctioned to the
borrowersc) Includes FB and NFB facilities,
investments, underwriting and anyother commitment
d) all of the above
13 What are the substantial exposure norms for single borrower specified by our Bank?a) 15% of the Tire I and Tire II capital
of the Bankb) 7.5% of the Tire I and Tire II capital of
the Bank.c) Rs. 20 crores d) None of the above.
14 What are the prudential exposure norms for non-corporate and non-individualborrowers?a) Rs.80 crores b) 100 croresc) Rs. 50 crores d) 25 crores
15 What is the loan policy guideline of the Bank in respect of maturity of loans (inclusive ofgestation period)?a) 10 years b) 5 yearsc) 7 years d) 8 years
16 What is the indicative bench mark of the Bank in respect of Current Ratio forManufacturing units?a) 1.25 b) 1.50c) 1 d) 1.33
17 To assess the financial soundness of the unit, what is the reasonable TOL/TNWprescribed by the Bank for Trade and Service Units?a) 2:1 b) 5:1c) 4:1 d) 3:1
18 What is the indicative Net Debt Service Coverage Ratio prescribed by the Bank?a) 3:1 b) 1.75:1c) 2:1 d) 1.50:1
19 What is the indicative Gross Debt Service Coverage Ratio prescribed by the Bank?a) 3:1 b) 1.75:1c) 2:1 d) 1.50:1
20 What is the indicative Debt Equity Gearing prescribed by the Bank for Trade & ServiceUnits?a) 1.50 : 1 b) 2.25: 1c) 1.75:1 d) 2: 1
21 Selective Credit Control directives issued by RBI will not cover the following aspects ofadvancesa) monetary ceiling per borrower b) Interest rate on advancesc) overall ceiling for the Bank as a d) Margin on advances
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whole in respect of a particularcommodity
22 What is the main objective of Selective Credit Controla) To control the loaning activities of
the Banksb) To regularize rate of interest on
particular types of commoditiesc) To control the level of advances to
a particular trade / industryd) To prevent speculative holding of
essential commodities with the help ofBank Credit
23 What is the validity period of administrative clearance (AC) accorded by theCCC/CCCC?a) 3 months b) 2 monthsc) 8 weeks d) 12months
24 What are the three major components of post-sanction credit process?a) Creation of security, documentation
and disbursementb) Inspection, follow-up and recovery
c) Follow-up, supervision and Control d) None of the above25 Follow-up function include one of these jobs
a) creation of security anddocumentation
b) Pre-sanction Inspection
c) Sanction of the loan d) Application, appraisal andrecommendations
26 Supervision function include one of these jobsa) Periodical classification of assets as
per IRAC normsb) Documentation and creation of charge
c) Obtention of Stock Statements d) Verification of books, registers andstatements periodically
27 Cash Budget method used commonly for the following types of borrowersa) for SSI units of Rs.25 lacs and
aboveb) For C&I units of Rs.1 crore and above
c) for traders d) for seasonal industries like sugar, teaand for construction activity
28 PBS method of assessment will be applicable to the following types of accountsa) Borrowers engaged in
manufacturing, services and tradingand agricultural activities
b) Borrowers requiring FB Limits of Rs25lacs and above
c) For borrowers with FB Limitrequirement of above Rs.5 crores
d) none of the above
29 Turn Over method is applicable for the following credit limitsa) For all units whose working capital
requirement is upto Rs.1 croreb) For manufacturing units whose wc
requirements is upto Rs.2 croresc) For manufacturing, trade and
services units whose workingcapital requirement is upto Rs. 5crores
d) None of the above
30 What do you mean by ABF method? (Assessed Bank Finance)a) It is the amount of Limit sanctioned
to the unitb) It is one of the WC assessment method
c) it is a part and parcel of PBFmethod of WC assessment
d) none of the above
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31 Demand Bills purchased and received at the realization branch are called:-a) Demand Bills Received for
Realizationb) Local Short Credits
c) Bank Bills Receivable d) none the above32 What do you mean by Documentary Bill?
a) Bills drawn on stamped paper, byDocument Writers
b) Bills supported by documents
c) Where the bills are supported byRRs, LRs or BoL which areotherwise known as documents oftitle to goods
d) Where the bills are not supported bydocuments of title to goods
33 What do you mean by Supply Bills?a) Bills arising on account of supply of
goods to Governmentb) Bills submitted by the Suppliers for
collectionc) Bills sent by various traders for the
supply of stationery / furniture etc.to the Bank
d) None of the above
34 In case of BGs issued on behalf of partnership firm the counter guarantee must besigned bya) at least two partners of the firm b) all the partners of the firmc) Managing Partner of the firm d) Managing Partner and another partner
35 What are the main statements used for analysis of Financial Statementsa) Balance Sheet b) Balance Sheet and Profit & Loss
Accountc) Balance Sheet , Profit & Loss
Account and Funds FlowStatement
d) Balance Sheet, Profit & Loss Account,Funds Flow Statement and Cash Flowstatement
36 Which one of the following is not a Current Liability?a) Income tax dues payable b) Term Loan installments payable within
a yearc) salaries / rents / wages payable d) Long Term Deposits obtained to supply
goods on credit37 What do you mean by PBDIT?
a) Profit before depreciation, interestand taxes
b) Profit before discount, interest andtaxes
c) Net Profit d) Operational profit38 What do you mean by Net Working Capital?
a) Total working capital required bythe unit
b) Liquid surplus (i.e. CA – CL)
c) Working capital limits sanctioned bythe Bank
d) Margin of working capital brought in bythe borrowing unit
39 What do you mean by TNW?a) Fixed Assets – Long Term
Liabilitiesb) Total Capital of the unit
c) Capital + free reserves – intangibleassets
d) None of the above
40 Which one of these ratios is not a Liquidity ratio?a) Acid Test Ratio (CA-
Stocks/Inventory/(CL-Bankb) TOL / TNW (Total Outside
Liabilities/Tangible Net Worth)
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Borrowings)c) Current Ratio (Current Assets
/Current Liabilities)d) Quick Ratio (Current Assets-Stocks or
Inventory/Current Liabilities)41 Which one of these ratios is not a Operating Ratio?
a) Inventory Turnover Ratio(Net Sales/ Inventory)
b) Gross Profit Margin Ratio(GrossProfit/Total Sales x 100)
c) Average collection period –days/months(Sundry Debtors/CreditSales X 365)
d) Assets Turnover Ratio(Net Sales / TotalAssets)
42 Which one of these ratios is not a Profitability Ratio?a) Gross Profit Margin Ratio b) Return on Capital Employed
(PBDIT/Total Assets)c) Net Profit Margin Ratio(Net Profit /
Total Assets x 100)d) TOL/TNW
43 Which one of these ratios is not a Coverage Ratio?a) Debt Service Coverage Ratio
(PAT+Depreciation /instalments)b) Gross DSCR (PAT+Dep.+ Interest /
Instalments + Interest)c) Interest Coverage ratio
(PBDIT/Interest)d) TOL/TNW
44 Which one of these ratios is not a leverage ratio?a) Debit / Equity Ratio (Term
Liabilities/ TNW)b) Assets Turnover ratio (Sales / Total
Assets)c) TOL/TNW d) None of the above
45 What is a healthy practice in funds flows?a) long term deficit must be met from
short term sourcesb) long term deficit must be met from long
term sourcesc) short term deficit must be met from
long term sourcesd) short term deficit must be met from
short term sources46 Break-even analysis is useful to find out
a) Break-even Fixed Assets b) Break-even salesc) Break-even staff strength d) None of these
47 Sensitivity analysis does not study the impact of profits on account of changes in thefollowing:-a) Volume of sales b) Price of Productc) Costs of production d) Volume of production
48 What do you mean by contribution?a) Fixed Cost – Variable Cost b) Variable Cost – Fixed Costc) Sales Price – Variable Cost d) Sales Price – Fixed Cost
49 Under New CRA, both borrower rating and facility rating is required undera) Simplified Regular b) Regular Modelc) Simplified Model d) None of these
50 We have to prepare both Borrower wise and Facility wise rating for Customers whoseFB+NFB Requirements are abovea) Rs.50 lacs b) Rs.2 croresc) Rs.25 lacs d) Rs.5 crores
51 As per the Basel II norms, the Credit Conversion Factor for Documentary LCs isa) 20% b) 25%c) 50% d) 100%
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52 Benchmark levels for Current Ratio for other than Manufacturing units with FBWClimits < Rs. 5 crores is (as per loan policy)a) 1.30 b) 1.00c) 1.20 d) 1.33
53 Cost of Sales isa) Cost of Production + Selling,
General & Administration Expb) Cost of Production - Non Operating
Expensesc) Cost of Production + Op Stock of
SIP - Cl Stock of SIPd) Cost of Production + Op. St. of FG - Cl.
St. of FG54 While analyzing Balance Sheet , Deferred Tax Assets are classified as
a) Current Assets b) Non Current Assetsc) Fixed Assets d) Intangible Assets
55 Benchmark levels for Project Debt Equity as per loan policy isa) 3:1 b) 4:1c) 1:1 d) 2:1
56 Substantial Exposure is reckoned as ------ % of Bank's Capital Funds for a Group ofborrowersa) 5.00 b) 10.00c) 2.5 d) 15.00
57 Cash Flow Statement classifies cash flows from these activitiesa) Operating, Accounting & Financing b) Financing & Investingc) Operating & Investing d) Operating, Investing & Financing
58 To ensure 'End Use of Funds', the best tool isa) Cash Flow Statement b) Operating Statementc) Cash Budget d) Funds Flow Statement
59 While analyzing Balance Sheet, Software related CAPEX is classified asa) Current Assets b) Intangible Assetsc) Fixed Assets d) Non Current Assets
60 While analyzing Balance Sheet , Advances paid to suppliers of raw materials' isclassified asa) Non Current Assets b) Intangible Assetsc) Fixed Assets d) Current Assets
61 While analyzing Balance Sheet , 'Advances to suppliers of Capital Goods' is classifiedasa) Current Assets b) Intangible Assetsc) Fixed Assets d) Non Current Assets
62 Receivables to Gross Sales falls in category ofa) Liquidity ratios b) Solvency ratiosc) Turnover ratios d) Coverage ratios
63 Current Ratio benchmarks for 'trade' area) 1 for limit upto Rs.1 crore and 1.20
thereafterb) 1.20 for limit upto Rs 5 crore and 1.33
thereafterc) 1 for limit upto Rs.5 crore and 1.20
thereafterd) 1 for limit upto Rs.2 crore and 1.20
thereafter64 FFR II pertains to
a) Projections for next quarter b) P&L Funds flow of the next half yearc) P&L Funds flow of the previous half
yeard) Projections of next half year
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65 While analyzing Balance Sheet , 'Term Loan installments falling due in _______' areclassified as Current Liabilitiesa) within next 6 months b) within next 9 monthsc) within next 3months d) within next 12 months
66 According to Basel-II, a corporate is a unit having annual turnover of---a) 50Cr & above for average 3 yrs b) 50Crore & above for average 5 yrsc) 100Cr & above for average 3 yrs d) 100Cr & above for average 5 yrs
67 For a limit of Rs.100 lac, sanctioned for an Agricultural Unit, you use which form ofCRA?a) Trading Model (Simple) b) Trading Model (Regular)c) Manufacturing (Simple) d) Manufacturing (Regular)
68 As per the guidelines of the bank, audited financials need not be obtained for limits upto Rs-----.a) 25 Lac b) 25 Lacc) 10 Lac d) 10 Lac
69 What is DTL?a) Debt to Liability b) Debt Taken as Loanc) Differed Tax Liability d) Differed Total Liability
70 If DTL is there in the Financial Statements, where it has to be shown on BalanceSheet?a) As an Asset b) As a term liabilityc) As a current liability d) As a Net Worth item
71 Tier I capital consists of mainlya) Share capital and disclosed
reservesb) Certain reserves and subordinated debt
c) All the above d) None of these72 Tier II capital consists of mainly
a) Share capital and disclosedreserves
b) Certain reserves and subordinated debt
c) Core Capital d) All the above73 The loan policy is an embodiment of banks approach to
a) Sanctioning, Managing andMonitoring Credit Risk
b) Sanctioning, Managing and MonitoringMarket Risk
c) Sanctioning, Managing andMonitoring Operational Risk
d) All the above
74 The Bank’s loan policy applies toa) Standard Assets only b) Overseas advances and Domestic
Advancesc) Overseas Advances only d) All Domestic Lendings only
75 Additional credit exposure to group borrower beyond normal limit of 40%. in case ofinfrastructure projects isa) 5% b) 10%c) 15% d) 20%
76 Additional credit exposure up to 5% beyond normal limit of 15%. Permitted to a singleborrower if the limit is for ______projects.a) Agriculture investment b) Export orientedc) Infrastructure d) None of these
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77 Prudential Exposure limit for single and group borrowers including infrastructureprojects is -- & --% capital of the banka) 20% & 40% b) 15% & 40%c) 20% & 50% d) 10% & 20%
78At whole bank level, the non-fund exposure will not exceed ------ the level of fundbasedexposure.a) 2 times b) 3 timesc) 4 times d) 5 times
79 Which of the following does not fall under “Infrastructure Lendings” extended bylenders to the borrowersa) Transport b) Energy, Water & Sanitationc) Communication d) None of these
80 Bank’s exposure to leasing, Hire purchase and Factoring Services should not exceed_% of total advancesa) 10% b) 5%c) 15% d) 20%
81 Which committee recommended factoring in Indiaa) Kalyana Sundaram Committee b) Narasimham Committeec) Nayak Committee d) None of these
82How many types of deviations are being monitored by OTMS, web-based solutionbased on the requirements of OMS (Off-site monitoring Systems) at I & MA,Hyderabada) 11 b) 12c) 10 D 15
83As per RBI guidelines, What is the time period for opening current accounts ofborrowers enjoying credit facilities (FB + NFB) , by Non-Lending banks if NOC fromLending banks is not received?a) If NOC is not obtained within a
fortnightb) If NOC is not obtained within a month
c) If NOC is not obtained within aweek
d) If NOC is not obtained within 3 months
84 ESR (Early Sanction Review) mechanism was introduced in audit system sinceSeptember 2014 to review sanctions of……a) Above 5 crores b) Above 10 croresc) Only units enjoying NFB Limits d) Sanctions of more than 1 cr upto 5 cr’s
85 Which of these is not the objective of ESR mechanisma) To capture the critical risks in the
proposals sanctioned, as an earlystage and apprise the controllers ofsuch risks for mitigation thereof atthe earliest.
b) Improve the quality of pre-sanction/sanction processes
c) Improve the quality of loanproposals
d) For financing units above 1 crores to 5crores
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ANSWERS
1 b 2 c 3 a 4 b 5 d 6 c 7 a 8 a 9 d 10 b11 a 12 d 13 b 14 b 15 a 16 d 17 b 18 c 19 b 20 d21 b 22 d 23 c 24 c 25 a 26 d 27 d 28 c 29 c 30 c31 a 32 c 33 a 34 b 35 d 36 d 37 a 38 b 39 c 40 b41 b 42 d 43 d 44 b 45 c 46 b 47 d 48 c 49 b 50 d51 a 52 c 53 d 54 d 55 d 56 d 57 d 58 d 59 b 60 d61 d 62 c 63 c 64 c 65 d 66 a 67 c 68 b 69 c 70 d71 a 72 b 73 a 74 d 75 b 76 c 77 c 78 a 79 d 80 a81 a 82 a 83 a 84 d 85 d
SME ADVANCES
Compiled by Ms. Arun Jyothi, Manager (Training)
Please choose correct answer from the given alternatives1. Which one of the following is not classified as Industrial Enterprises under
MSMED Act 2006a) Micro Enterprises b) Small Enterprisesc) Small Business Finance d) Medium Enterprises
2. A manufacturing unit with original investment in P & M for a unit to be classifiedas micro enterprisea) Rs.25 Lakhs excluding L & B b) Rs. 25.00 Lakhs including L & Bc) Rs.10 Lakhs excluding L & B d) Rs. 10.00 Lakhs including L & B
3. A service enterprise with original investment in equipment for a unit to beclassified as micro enterprisea) Upto Rs.10 Lakhs b) From Rs.10 Lakhs & upto Rs. 2
croresc) Above Rs.2 crores & upto Rs. 5
croresd) Above Rs.2 crores & upto Rs.10
crores4. A manufacturing unit with original investment in P & M more than Rs.5.00 cr but
doesn’t exceed Rs.10.00 Cr is classified under MSMED act asa) Micro Enterprise b) Small Enterprisec) Medium Enterprise d) Not applicable
5. As per RBI guidelines, how much of the advances to Micro & Small enterprisesshould go to Micro enterprises (manufacturing) having investment in P & M uptoRs.5.00 lakhs and micro enterprises (services) having investment in equipmentup to Rs.2.00 lakhs?a) 40% b) 20%c) 50% d) 35%
6. As per RBI guidelines, what is the share of Micro enterprise advances as part oftotal advances to MSEa) 50% b) 80%c) 60% d) 55%
7. As per RBI guidelines, how much of the advances to Micro & Small Enterprisesshould go to Micro Enterprises (manufacturing) having investment in P & Mabove Rs.5.00 lakhs and upto Rs.25.00 lakhs and Micro enterprises (Services)
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having investment in equipment above Rs.2.00 lakhs and upto Rs.10.00 lakhs
a) 40% b) 20%c) 50% d) 35%
8. As per Prime Minister’s task force on MSMEs (Micro, small and mediumenterprises), the credit growth rate recommended for this sector is
a) 25% b) 10%c) 15% d) 20%
9. As per Prime Minister’s task force on MSMEs (Micro, Small and mediumenterprises), the no of accounts growth rate recommended for this sector isa) 10% b) 15%c) 17% d) 12%
10 All manufacturing units defined in MSMED Act, 2006 when engaged in exportsare classified as priority sector advancesa) No, Only micro and small
manufacturing units fall under thecategory of priority sector
b) No, only micro manufacturing unitsfall under the category of prioritysector
c) No, only small manufacturing unitsfall under the category of prioritysector
d) Yes, all units fall under the categoryof priority sector
11 Advances to manufacturing units which are classified as medium enterprisesunder MSMED Act, 2006 fall under the category ofa) Priority sector advances b) Non-priority sector C&I advancesc) Priority sector C& I advances d) Indirect priority sector advances
12 As per recent RBI guidelinesa) No collateral should be accepted
for all MSE sector manufacturingloans up to Rs.10.00 lakhs
b) No collateral should be accepted forall MSE sector service enterpriseloans up to Rs.5.00 lakhs
c) No collateral should be acceptedfor all MSE sector manufacturing &services sector loans up to Rs.5.00lakhs
d) No collateral should be accepted forall MSE sector manufacturing andservice sector loans up to Rs.10.00lakhs
13 As per SME documentation SME-4 representsa) Supplemental Agreement of loan
cum Hypothecationb) Agreement of loan cum
Hypothecationc) Letter of furnishing the particulars
of assetsd) None of these
14 Which of the following with SME -2 is incorrecta) It is a both principle and charging
documentb) Covers both fund based and non
fund based facilitiesc) Contains two schedules A & B d) Creates Pledge on movable assets
15 With regard to SME 3 which of the following is incorrecta) Stamped as an agreement + Power
of attorneyb) Covers all types of guarantees like
personal guarantee, Third partyGuarantee and Corporateguarantee
c) Fresh SME 3 to be obtained forenhanced aggregate limit
d) It has supplemental guaranteeagreement for enhanced limit
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16 With regard to SME – 5 which of the following is correcta) Provides for creation of EM by all
types of mortgagers i.e.,Borrower(s), Guarantor(s) or Thirdparty Mortgagor(s)
b) To be stamped
c) Mortgage debt may be less than orequal to the aggregate limit
d) All of the above
17 With regarding to SME 6, which of the following is incorrecta) It is an independent evidence for
creation of mortgage by Deposit ofTitle Deeds and intention to createEM in favour of the bank
b) To be signed by all theMortgagor(s)
c) To be signed by 2 officials of thebank
d) To be obtained from all types ofMortgagor(s)
18 Title Investigation Report contains the following partsa) Letter to advocate for search and
verification of titledeeds/documents
b) Annexure B is to be completed bythe panel advocate
c) Annexure C- checklist for theguidance of the advocates verifyingthe title to the property(ies) offeredas security
d) All of these
19 With regard to SME 12, following are correcta) To facilitate migration from earlier
segmental documents (SSI & C&I)to SME documents
b) To be executed by all theBorrower(s) and Guarantor(s)
c) In case of corporate Borrowers, thelink letter may have to be filed withthe ROC along with the SMEdocuments to evidence thecontinuity or modification of theexisting charges
d) All of the above
20 e-DFS facility is fora) Financing dealers of companies b) Financing share brokersc) Financing realtors d) Financing dealers of stock
exchanges
21 Whenever S format is used for assessment, control/review of the proposal will bedone ina) AC format b) SA formatc) AS format d) S-1 format
22 S Format is used fora) Assessment and appraisal of small
loansb) Assessment and appraisal of loans
up to Rs.25.00 lakhsc) Assessment and appraisal of loans
above Rs.25.00 lakhsd) Assessment and appraisal of loans
above Rs.5.00 crores23 CGTMSE stands for
a) Credit Guarantee Fund Trust forMicro and Small Industries
b) Credit Guarantee Trust for MediumScale Industries
c) Credit General Trust for Medium d) Collateral Guarantee Trust for
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and Small Enterprises Medium Scale Enterprises
24 For advance to a retail trader to be classified under SBF, the limit should notexceeda) Rs.20.00 lakhs b) Rs.10.00 lakhsc) Rs.12.00 lakhs d) Rs.50.00 lakhs
25 Primary security in the context of CGTMSE meana) Assets created out of the credit
facilityb) L & B of factory/office/godown etc.
which pertains to the unit andassociated with the project and isunencumbered
c) Personal guarantee of theproprietor
d) All the above
ANSWERS1. c 2. a 3. c 4. c 5. a 6. c 7. b 8. d 9. a 10. a11. b 12. c 13. a 14. d 15. d 16. d 17. c 18. d 19. d 20. a21. c 22. c 23. a 24. a 25. d
SME ASSET PRODUCTS
Please choose the correct answer from the given alternatives :
1. The maximum amount of loan that can be sanctioned to a Manufacturing unitunder SME Smart Score?a) Rs.10 Lacs b) Rs.5 Lacsc) Rs.50 Lacs d) Rs.25 Lacs
2. The minimum amount of Loan that can be sanctioned to a Manufacturing unitunder SME Smart Score?a) Rs.5 Lacs b) Rs.25 Lacsc) Rs.10 Lacs d) Rs.2 Lacs
3. The margin stipulated for a term loan under SME Smart Score is______.a) 25% b) 20%c) 33% d) 30%
4. The minimum percentage of score that an applicant should get in order to avail aloan under SME Smart Score?a) 60% (with a minimum score of 50%
under each sub head)b) 75% (with a minimum score of 60%
under each sub head)c) 50% (with a minimum score of 45%
under each sub head)d) 70% (with a minimum score of 60%
under each sub head)5. The maximum amount of loan that can be sanctioned under SME Smart Score for
a Trader / Service provider?a) Rs.100 Lacs b) Rs.50 Lacsc) Rs.60 Lacs d) Rs.25 Lacs
6. What percent of annual turn over can be financed as working capital under SMESmart Score for a manufacturing unit?a) 20% b) 15%
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c) 25% d) 30%
7. What percent of annual turn over can be financed as working capital under SMESmart Score for an unit dealing in Trade & Services?a) 25% b) 15%c) 20% d) 30%
8. The maximum repayment period that can be allowed for a term loan under SMESmart Score?a) 5 years excluding moratorium of 6
monthsb) 5 years including moratorium of 6
monthsc) 7 years including moratorium of 6
monthsd) 7 years excluding moratorium of 6
months
9. The age criteria stipulated for the promoter/ applicant to avail a loan under SMESmart Score is___________.a) Min 21 Yrs- Max 65 Yrs. b) Min 21 Yrs- Max 70 Yrs.c) Min 18 Yrs- Max 65 Yrs. d) Min 18 Yrs- Max 60 Yrs.
10. Which of the following is true?a) Loans not approved under SME
Smart Score can be financed underthe normal credit dispensationbased on considerations.
b) SME Smart Score is renewed oncein 2 years and reviewed every year
c) The margins stipulated under SMESmart score are 25% for W.C. and33% for T.L.
d) All the above
11. The maximum quantum of finance that can be extended under Asset BackedLoan?a) Rs.2 Crores b) Rs.10 Croresc) Rs.20 Crores d) Rs.50 Crores
12. The minimum quantum of finance that can be extended under Asset BackedLoan?a) Rs.0.10 Crore b) Rs.0.50 Croresc) Rs.1.00 Crore d) No minimum amount stipulated
13. Under Asset backed Loan, Maximum permissible amount against the property forloans upto Rs.10 crore isa) 50% b) 75%c) 70% d) 60%
14. Under Asset backed Loan, Maximum permissible amount against the property forloans above Rs.10 crore isa) 60% b) 65%c) 55% d) 50%
15. Which of the following target group is eligible to avail a loan under Asset backedLoan?a) Oil Mills, Cotton ginning Mills b) Professional & Self employedc) Commission Agents engaged
foodgrainsd) All manufacturing and service
sector units covered under MSMEDAct 2006
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16. Which of the following is a feature of Asset Backed Loan?a) It is a Drop-Line over draft facility b) The property mortgaged needs to
be within a radius of 25 kmc) No renewal of limit, review has to
be carried our annuallyd) All the above
17. The quantum of finance that can be extended under Asset backed Loan is____.a) For working capital it is based on
the projected sales as per Nayakcommittee or ABF
b) For Term Loan it is based on theactual proposed expenditure
c) 60% of the realizable value of theproperty for loans upto 10 croresand thereafter 50% of therealizable value of the property
d) All are correct
18. Which of the following is not true with respect to Asset backed Loan?a) Asset backed Loan can be
sanctioned as DL/TL/CC.b) Stocks statements need to be
furnished at the half yearlyc) The property lies within a radius of
25Km from the branchd) Free cash pick up facility for limits
above Rs.1.00 crore19. The maximum quantum of loan that can be extended under SME Credit Card is:
a) Rs.10 Lacs b) Rs.20 Lacsc) Rs.10 Lacs fro Traders & Rs.20
Lacs for Manufacturing Unitsd) Rs.25 Lacs
20. The SME Credit Card is sanctioned for a period of ________.a) 2 years, subject to annual review b) 3 years, subject to annual reviewc) One year d) 3 years
21. The minimum score, an applicant should get to be eligible for availing financeunder SME Credit Card is:a) 60% b) 65%c) 70% d) 50%
22. The maximum age criteria stipulated under SME Credit Card is___________.a) 65 years b) 70 Yearsc) 66 Years d) No maximum age stipulated
23. Which of the following is true with respect to SME Credit Card?a) No collateral is insisted upon for
SSI unitsb) For SBF units, collateral/third party
guarantee is obtained if the loan ismore than Rs.25,000/-
c) Maximum repayment for the termloan component is 5 years.
d) All the above
24. Which of the following is true with respect to SME Credit Card?a) The limit can be reviewed if the
credit summations are 50% of theprojected turn over.
b) A repayment schedule has to befixed if the credit summations areless than 50% of Projected Annualturn over.
c) Both CC and TL can be sanctioned d) All the above.25. Under SME Credit Card scheme, which of the following is Not true?
a) Cheque book to be marked asSME Credit Card
b) Stock statement is obtained once ina year, preferably in last quarter
c) Borrower can be issued a PhotoIdentity Card
d) Detailed Opinion reports are tocompiled and should be on record.
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26. Who among the following is not eligible for finance under SME Credit Card?a) Self employed with a credit
requirement of Rs.10 Lacsb) Professionals with credit
requirement of Rs.8 Lacsc) Village Industries with a credit
requirement of Rs.7.5 Lacsd) SSI units with credit requirement of
Rs.15 Lacs27. Which product do you suggest to a small manufacturer whose credit limit
requirement is Rs.25 Lacs and who wishes that the facility can be sanctioned fora period of 2 years?a) SME Credit Card b) Traders Easy Loanc) SME Smart Score d) SME Credit Plus
28. The maximum amount of Loan that can be extended under Doctor Plus Schemeisa) Rs.1 Crore b) Rs.2 Croresc) Rs.5 Crores d) Rs.10 Crores
29. Who among the following is eligible to avail finance under Doctor Plus scheme?a) Partnerships, Individuals b) Corporatesc) Trusts with powers to borrow d) All the above
30. The minimum DSCR stipulated for loans under Doctor Plus is ________.a) 1:1.5 b) 1:1.75c) 1:1.15 d) 1:1.33
31. Which of the following is Correct with respect to Doctor Plus Scheme?a) The loan can be sanctioned as
Medium Term Loan/Cash Creditb) The loan can be sanctioned as an
Overdraft.c) The loan can also be sanctioned as
Demand Loan.d) The loan can be sanctioned as a
Medium Term Loan/CashCredit/Demand Loan/O.D.
32. Maximum Moratorium that can be allowed for loans sanctioned under Doctor Plusis:a) 6 months b) 12 monthsc) 18 months d) Till the doctor's practice is stabilized
subject to a maximum of 18months.
33. The maximum amount that can be sanctioned to an individual under Doctor Plusscheme at Metro / Urban centres is:a) Rs.10 Crores b) Rs.5 Croresc) Rs.2 Crores d) Rs.1Crores
34. Which of the following is True under Doctor Plus Scheme?a) The collateral security for loans
above Rs.25 lacs and upto Rs.1Crore should be at least 25% of theloan amount. Alternatively,eligibleaccounts may be covered underCGTMSE scheme.
b) The collateral security for loans forloans sanctioned to Micro & SmallEnterprises above Rs.1Croreshould be at least 25% of the loanamount and also Personalguarantee of the promoters.
c) The primary security will behypothecation of Assets financed
d) all the above
35. Which of the following can be considered for finance under Doctor Plus scheme?a) Setting up clinic and Purchase of
Ambulanceb) Expansion/renovation etc.
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c) Setting up Nursing home andPurchase of Computers etc.
d) All the above
36. The margin stipulated for loans upto Rs.10 Lacs under Doctor Plus scheme?a) 15% b) 25%c) 20% d) 10%
37. The margin stipulated for loans above Rs.10 lacs and upto Rs.5 crs is:a) 25% b) 20%c) 30% d) 15%
38. Which of the following is NOT a salient feature of the product Doctor Plus?a) Multiple disbursements over a
period of 24 months form date ofsanction based on requirementscan be made.
b) 50% concession over the Cardrates in Upfront Fee/ProcessingCharges is extended.
c) The inspection of the unit shouldbe carried out at Monthly/quarterlyintervals.
d) All eligible advances can becovered under CGTMSE.
39. Maximum marks under Scoring Model for Doctor Plus scheme_____.a) 50 b) 100c) 75 d) 90
40. Which of the following is NOT true with respect to Doctor Plus scheme?a) The rate of Interest for limits up to
Rs.25 lacs will be based on CreditScoring Model.
b) Minimum score of 40 on creditscoring model is required to beeligible for the loan.
c) For limits above Rs.25 lacs and upto Rs.10 crores, the Pricing will bebased on CRA rating.
d) Units with CRA Rating below SB 8can be considered subject topremium pricing of 100 basispoints.
41. The hurdle score for Personal Details and Business scoring under Scoring Modelof Doctor Plus scheme (for loans upto Rs.25 Lacs) are ___ & _______respectively (out of 32 & 43 respy).a) 15, 20 b) 20,25c) 17,22 d) 16,23
42. For Non Allopathic doctors (Unani, Ayurvedic,Homeopathic), the maximumquantum of loan that can be extended under Doctor Plus is ____.a) Rs.50Lacs b) Rs.20 Lacsc) Rs.25 Lacs d) Rs.10 Lacs
43. The maximum quantum of finance that can be extended under School Plus is___.a) Rs.10 Crores b) Rs.5 Croresc) Rs.20 Crores d) No Maximum cap
44. Which of the following is NOT true with respect to School Plus scheme?a) It can be extended to Primary and
higher secondary schools.b) Coaching institutes can also be
financed under the scheme and noCRA is required.
c) Graduation & Post Graduationcolleges can also be financed.
d) Government Aided schools/collegesare also eligible under the Scheme.
45. The margin stipulated under School Plus is_______.a) 15% b) 25%c) 20% d) 33%
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46. Can a Computer training institution be extended finance under School Plus?a) Yes b) No.c) No. They can be considered under
regular CRA model or mortgageloan only.
d) Yes subject to collateral coverageof 75%.
47. Which of the following is True with respect to School Plus?a) Purchase of Laboratory & Sports
equipments, purchase of playground and buses etc. can befinanced under the scheme.
b) Maximum repayment allowed is 84EMIs only.
c) More than one loan can besanctioned subject to repaymentcapacity of the unit.
d) All the above.
48. The maximum amount of loan that can be sanctioned under Rent Plus is:_____.a) Rs.10 Crores b) Rs.5 Croresc) Rs.2 Crores d) Rs.1 Crore
49. Margin stipulated under Rent Plus scheme is___________.a) 30% b) 25%c) 40% d) 33%
50. The maximum repayment allowed for term loans sanctioned under Rent Plusscheme is_______.a) 7 years or the residual lease period
whichever is less.b) 5 years or the residual lease period
whichever is lessc) 7 years or the residual lease period
whichever is less, subject to amoratorium of 6 months.
d) 7 years or the residual lease periodwhichever is higher.
51. The minimum amount that can be sanctioned under Rent Plus is______.a) Rs.1,00,000 b) Rs.5,00,000c) Rs.50,000 d) Rs.25,000
52. The quantum of finance under Rent Plus scheme will be arrived as_______.a) 60% of the gross rental income for
the residual period (net of advancerent received & statutory dues) or85% of the market value of theproperty whichever is less.
b) 85% of the gross rental income forthe residual period (net of advancerent received & statutory dues) or60% of the market value of theproperty whichever is less.
c) 60% of the gross rental income forthe residual period (net of advancerent received & statutory dues) or75% of the market value of theproperty whichever is less.
d) 75% of the gross rental income forthe residual period (net of advancerent received & statutory dues) or85% of the market value of theproperty whichever is less.
53. In case of non corporate borrower, the Minimum and maximum age of theapplicant, stipulated for loans under SMECFL are:a) 21,65 b) 18,65c) 21,66 d) 21,70
54. The maximum amount of loan that can be sanctioned under SMECFL is:a) Rs.2 Crores b) Rs. 1 Crorec) Rs.50 Lacs d) Rs.75 Lacs
55. Which of the following is true with respect to SBI SME CFL?
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a) For Loans below Rs.25 Lacs,preliminary screening will be as perSME Smart Score scoring model.
b) For Loans above Rs.25 Lacs andupto Rs.1 Crore, Simplified CRAwill be applicable.
c) WC is to be renewed every twoyears and review will be annually.
d) All the above
56. Which of the following is True with respect to assessment of limits under SBI SMECFL?a) The Working capital eligibility for
manufacturing units, would be 20%of projected turn over & theeligibility for Term Loans is 75% ofthe project cost.
b) The working capital eligibility forservice enterprises would be 15%of projected revenue and for termloans it is 75% of the project cost.
c) Maximum amount of finance isRs.1 Crore and loans upto Rs.5Lacs have to be covered under"SBI Micro Loans".
d) All the above.
57. The one time guarantee fee payable to CGTMSE would be in the range of ___.a) 0.75 to 1.00 b) 0.50 to 2.00c) 0.75 to 2.00 d) 0.50 to 1.50
58. The upfront guarantee fee payable to CGTMSE for loans upto Rs.5 lacs is____.a) 0.75 b) 1.00c) 1.50 d) No fee
59. The upfront guarantee fee payable to CGTMSE for loans above Rs.5 lacs andupto Rs.100 Lacs is____.a) 0.50 b) 1.00c) 0.75 d) 1.50
60. The upfront guarantee fee payable to CGTMSE for loans upto Rs.5 lacs in NorthEast region is ______.a) 1.00 b) 1.50c) 0.75 d) 0.50
61. The upfront guarantee fee payable to CGTMSE for loans above Rs.5 lacs andupto Rs.50 Lacs in North East region is ______.a) 0.85 b) 2.00c) 1.00 d) Fee waived for NE region
62. The upfront guarantee fee payable to CGTMSE for loans above Rs.50 lacs andupto Rs.100 Lacs in North East region is ______.a) 0.85 b) 1.00c) 2.00 d) Fee waived for NE region
63. The annual fee payable to CGTMSE on loans above Rs.50 Lacs and upto Rs.1Crore is_______.a) 1.00 b) 0.75c) 1.50 d) 0.50
64. The annual fee payable to CGTMSE on loans above Rs.5 Lacs and upto Rs.50Lacs is_______.a) 0.75 b) 1.00c) 0.50 d) Waived
65. The CGTMSE trust shall pay 75% of the guaranteed amount on preferring ofeligible claim by the lending institution, within ___ days. Subject to the claim beingotherwise found in order and complete in all respects.
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a) 30 b) 60c) 90 d) 45
66. The annual fee for the credit facilities sanctioned as on March31st should be paidto CGTMSE on or before ________.a) 30th April b) 30th Septemberc) 31st May d) 30th June
67. Which of the following is NOT true with respect to CGTMSE?a) The credit facilities sanctioned to
Self Help Groups cannot becovered under the scheme.
b) The guarantee cover will be for aperiod of 5 years where onlyworking capital facilities aresanctioned, subject to payment ofannual service fee.
c) Small road and water transportloans are also eligible forguarantee cover.
d) Existing borrowers who havealready availed finance cannot becovered under the scheme.
68. The maximum amount of loan that can be sanctioned under SBI Micro Loan is__.a) Rs.10 Lacs b) Rs.25 Lacsc) Rs.5 Lacs d) Rs.50 Lacs
69. The demand loan sanctioned under SBI Micro Loan is repayable within _____.a) 1 year b) 5 yearsc) 3 years d) No demand loan is sanctioned
70. SME-1, is obtained fora) Letter of Arrangement b) Agreement of Loan Cum
Hypothecationc) Guarantee Agreement d) Link Letter
71. SME-2, is obtained for,a) Agreement of Loan Cum
Hypothecation.b) Letter of Arrangement
c) Link Letter d) Guarantee Agreeement.72. SME-3, is obtained for,
a) Letter of Arrangement b) Agreement of Loan CumHypothecation
c) Guarantee Agreement d) Link Letter73. SME-12, is obtained for,
a) Letter of Arrangement b) Link Letterc) Guarantee Agreement d) Revival Letter
74. SME-11, is obtained for,a) Link Letter b) Agreement for Hypothecationc) Revival Letter d) Guarantee Agreement
75. Under SME Credit Plus, ____% of aggregate working capital limit subject to amaximum of Rs.25 Lacs can be sanctioned.a) 10% b) 20%c) 25% d) 15%
76. The maximum time period allowed for repayment of SME Credit Plus is _____.a) 3 months b) 1 monthc) 6 months d) 2 months.
77. SME Credit Plus can be sanctioned for which of the following purposes?a) tax payments b) repairs to machinery
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c) any other contingency d) all the above78. Which of the following is TRUE with respect to SME Credit Plus?
a) It is sanctioned to meet suddenand unforeseen expenditure/bulkorders.
b) It is sanctioned as a additionalworking capital limit by way ofclean cash credit.
c) It can be sanctioned to newborrowers also as a marketing tool.
d) All the above.
79. The maximum quantum of finance that can be extended under Stand by Line ofCredit is: ___________.a) Rs.5 Crores b) Rs.2 Croresc) Rs.1 Crores d) Rs.10 Crores
80. Under Stand by Line of Credit , ____% of working capital limit subject to amaximum of Rs.5 Crores can be sanctioned.a) 10 b) 20c) 15 d) 25
81. The maximum time allowed for repayment of Stand by Line of Credit is____.a) 1 month b) 2 monthsc) 3 months d) 6 months
82. The maximum amount of loan that can be sanctioned under General PurposeTerm loan for SSI sector is___.a) Rs.1 Crores b) Rs.2 Croresc) Rs.50 Lacs d) Rs.5 Crores
83. Which of the following is true with respect to General Purpose Term Loan for SSIsector?a) Normal repayment allowed is 3
years and can be extended upto 5years in deserving cases.
b) The unit should have earnedprofits in preceding 3 years.
c) The margin stipulated is 25% d) All the above84. The maximum amount of finance that can be extended under Open Term Loan
(Manufacturing sector) is:a) Rs.250 Lacs b) Rs.500 Lacsc) Rs.100 Lacs d) Rs.200 Lacs
85. Under Open Term Loan, the sanction is valid upto:a) 6 months b) 3 monthsc) 12 months d) 1 month
86. Which of the following is a feature of Open Term Loan?a) It's a pre sanctioned term loan limit
with the option of multipledisbursements.
b) Non customers can also beconsidered subject to fulfillment oftake over norms and after obtainingopinion reports from existingBankers.
c) DSCR should be atleast 1.75 d) All of these87. The maximum amount of finance that can be extended under Open Term Loan
(For Services sector) is:a) Rs.250 Lacs b) Rs.200 Lacsc) Rs.100 Lacs d) Rs.50 Lacs
88. The maximum quantum of loan that can be sanctioned to a Commission Agentunder Arthias Plus is:_____a) Rs.25 Lacs b) Rs.50 Lacs
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c) Rs.1 Crore d) Rs.10 Lacs
89. Which of the following is true in respect of Arthias Plus?a) It is a Cash Credit facility against
hypothecation of book debts, notolder than 6 months.
b) To be liquidated within 6 monthsand to be renewed annually.
c) The margin stipulated is 40%. d) All the above90. The maximum quantum of loan that can be sanctioned under SBI Shoppe is__.
a) Rs.20 Lacs b) Rs.50 Lacsc) Rs.100 Lacs d) Rs.200 Lacs
91. The product in which two term loans are sanctioned, one for Housing andanother for setting up an office/shop is _____.a) SBI Super Shoppe b) SBI Home Shoppec) SBI Shoppe Plus d) SBI Shoppe
92. The quantum of finance that can be extended under SBI Shoppe plus is____.a) 1st Term Loan as per Housing
loan Scheme and 75% of cost ofsetting up office/shop as 2nd T.L
b) 75% of Cost of total Project
c) Both the term loans will beconsidered as Commercial Loans
d) Both the term loans will beconsidered as Housing Loans.
93. Which of the following is TRUE with respect to Car Loans to SME units?a) Finance can be extended for
purchase of car/ sports utilityvehicle/ multi utility vehicle byPromoter/ his family members.
b) Maximum loan amount would be2.5 times to Net annual Incomeand there is no ceiling in loanamount.
c) Margins prescribed are 15% andno additional security will beinsisted upon. Maximum amount ofloan for a used vehicle is Rs.15lacs
d) All the above
94. The quantum of finance that can be extended to a Corporate under SBI FleetFinance Scheme is:a) Rs.10 Crores b) Rs.7.5 Croresc) Rs.5 Crores d) Rs.2.5 Crores
95. The minimum Average DSCR (gross) as prescribed in the scheme "SBI FleetFinance Scheme" is:a) 1.75 b) 1.50c) 1.33 d) 2.50
96. Which of the following SME Asset Products are withdrawn by the bank.a) Auto Clean b) Swarojgar Credit Cardc) Cyber Plus d) All the above
97. Maximum amount of loan that can be sanctioned under SME ConstructionEquipment Loan ( in Metros) is____.a) Rs.50.00 Cr b) Rs.25.00 Crc) Rs.15.00 Cr d) Rs.60.00 Cr
98. Maximum amount of loan that can be extended under SBI-Dental EquipmentPlus scheme and the minimum DSCR required are _____ & _______respectively.a) Rs.20 Lacs & 1.5 b) Rs.20 Lacs & 1.75
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c) Rs.10 Lacs & 1.5 d) Rs.10 Lacs & 1.75
99. The minimum & maximum amount of loan under CRE Asset Backed loan isis_____.a) Minimum Rs.10 Lacs, Maximum
Rs. 50 crores for Tier I branch,Rs.20 crores for Tier II, Tier IIIbranches and Rs.5 crores for TierIV, V, VI Branch
b) Rs.2 Lacs
c) Rs.5 Lacs d) No minimum is stipulated.100. ECR is mandatory for CRE Asset backed loan for limits above
a) Rs.5 crores b) Rs.20 croresc) Rs.10 crores d) None of these
ANSWERS
1. c 2. a 3. c 4. a 5. d 6. a 7. b 8. a 9. c 10. D11. c 12 a 13. d 14. d 15. d 16. d 17. d 18. a 19. a 20. B21. a 22 d 23. d 24. d 25. d 26. d 27. c 28. d 29. d 30. A31. a 32 b 33. b 34. d 35. d 36. a 37. b 38. c 39. c 40. D41. a 42 d 43. d 44. b 45. a 46. c 47. d 48. a 49. c 50. A51. c 52 a 53. a 54. b 55. d 56. d 57. a 58. a 59. b 60. C61. a 62 a 63. a 64. b 65. a 66. c 67. d 68. c 69. c 70. A71. a 72 c 73. b 74. c 75. b 76. d 77. d 78. d 79. a 80. C81. b 82. c 83. d 84. a 85. c 86. d 87. c 88. a 89. d 90. A91. c 92. a 93. d 94. a 95. b 96. d 97 a 98. c 99. a 100. C