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List Of Questions

1) When the branch requires obtaining additional documents for high value
accounts?.
a) A) If the annual income /sales turnover are indicated 50 lacs and above
b) B) If the annual income /sales turnover are indicated 100 lacs and above
c) C) If the annual income/sales turnover are indicated 25 lacs and above
d) D) All the above
e) E) None of these

2) The authority to which branches of commercial banks should report suspected


transaction is.
a) A) Controlling office/Regional Office
b) B) Directly to FIU-IND
c) C) Directly to RBI
d) D) Directly to Finance Ministry/Policies
e) E) None of these

3) What is the total share of CASA (in percentage) out of total deposit as on
31.03.2015?.
a) A) 31.5
b) B) 29.2
c) C) 28.5
d) D) 33.2
e) E) 28.6

4) What is the free cash deposit limit in UCCA at Non-Base Branch if AMB is more than
Rs. 1.00 lac to Rs. 5.00 lacs?.
a) A) Rs. 50.00 lacs per month
b) B) Rs. 75.00 lacs per month
c) C) Unlimited
d) D) Rs. 1.00 lac per day
e) E) None of these

5) Deposit insurance up to 1.00 lac is available for.


a) A) Deposit accounts of all customers
b) B) Customers having deposit with same right and same capacity
c) C) Customers having deposit with same PAN no
d) D) Deposits with same address
e) E) None of these

6) Form 15 G/H can be submitted by only those who have submitted to the
Bank.
a) A) PAN card
b) B) Form 60
c) C) Form 61
d) D) Either of these
e) E) None of these

7) Normally loan against deposit can be allowed up to 75 % of .


a) A) Principal
b) B) Accrued value
c) C) Maturity Value
d) D) As per discretion of BM
e) E) None of these

8) Interest at ..over deposit rate is to be charged for loan against deposit.


a) A) 1 %
b) B) 1.25%
c) C) 1.50 %
d) D) 2.00%
e) E) As per rating/scoring

9) Lock in period under Union Tax saver scheme is ..years.


a) A) 3
b) B) 5
c) C) 7
d) D) 1
e) E) 6

10) Minimum period for which a term deposit can be placed is ...
a) A) 7 days
b) B) 15 days
c) C) 31 days
d) D) 46 days
e) E) 91 days

11) Interest rate on deposits is decided by a committee in the Bank known as.
a) A) TALCO
b) B) NALCO
c) C) ALCO
d) D) RALCO
e) E) None of these

12) Addition of names not allowed in case of deposits in the name of ...
a) A) Minor
b) B) Purdanashin lady
c) C) Illiterates
d) D) All of these
e) E) None of these

13) KYC exercise is necessary for which of the following:.


a) A) Smart card
b) B) For purchaser of Gift Card
c) C) Add on supplementary cards
d) D) Domestic remittances of Rs. 50,000 and above and all foreign remittances
e) E) All of these

14) Once KYC is done by one branch of the bank, it is valid for transfer of the account
to____.
a) A) Any other branch of same bank
b) B) Any other branch of a domestic bank
c) C) Any other branch of a commercial bank
d) D) Any of these
e) E) None of these

15) If a person is not having officially valid documents for KYC purpose, he can open
which of the following types of accounts:.
a) A) No frill Account
b) B) Basic Account
c) C) Small deposit Account
d) D) Any of these
e) E) None of these

16) Normally, as per KYC guidelines, the validity period of a small deposit account is:.
a) A) Six months
b) B) One year
c) C) Two yeas
d) D) No age restriction
e) E) None of these

17) The Presenting banks are required to preserve the physical cheques in their
custody securely, for a period of ____ years as required under CTS:.
a) A) 3 years
b) B) 5 yeas
c) C) 7 yeas
d) D) 10 yeas
e) E) None of these

18) The images of all the Government Cheques paid should be preserved by the
drawee banks for a period of _____.
a) A) 3 years
b) B) 5 years
c) C) 7 years
d) D) 10 years
e) E) None of the above

19) RBI has permitted Banks to collect account payee cheques drawn for an amount
not exceeding Rs________. to the account of their customers who are co-operative
credit societies, if the payees of such cheques are the constituents of such cooperative cre.
a) A) 20000
b) B) 30000
c) C) 50000
d) D) 60000
e) E) 100000

20) As per the Reserve Bank of India, bank deposits are insured up to a sum of Rs1
lakh per ______ per______.
a) A) Bank, individual
b) B) Branch, individual
c) C) Bank, Family
d) D) Branch, Family
e) E) None of these

21) Amongst the investments eligible for deductions u/s 80 C _________has the
Shortest lock in period..
a) A) Public Provident Fund
b) B) Nationals Savings Certificate (NSC IX issue)
c) C) Bank Fixed Deposits
d) D) Equity Linked Savings Schemes (ELSS)
e) E) Lock-in Period is same

22) When cheque is dishonoured, notice is to be sent by payee to the drawer within.
a) A) 30 days
b) B) 45 days
c) C) 60 days
d) D) 7 days
e) E) 1 year

23) When no time or date is mentioned on bill of exchange, then it will be payable:.
a) A) On demand
b) B) After 3 days
c) C) After 7 days
d) D) Within 15 days
e) E) None of these

24) Periodicity of official language meetings in Branches/Offices:.


a) A) Fortnightly
b) B) Monthly
c) C) Quarterly
d) D) Hal yearly
e) E) Yearly

25) In Basic Savings Bank Deposit Account in all their accounts taken together and
the total credit in all the accounts taken together is not expected to exceed _____ in a
year has been simplified to enable those belonging to low income groups without
docum.
a) A) 50000
b) B) 100000
c) C) 25000
d) D) 60000
e) E) None of these

26) When cheque is wrongly returned, the banker is liable to:.


a) A) Payee
b) B) Last endorsee
c) C) Drawer
d) D) All of these
e) E) Not liable

27) As per Right to Information Act (RTI) , in how much time the information to be
provided to the Person seeking the information:.
a) A) 30 days
b) B) 60 days
c) C) 15 days
d) D) 45 days
e) E) 90 days

28) Minimum and Maximum amount that can be deposited in PPF account is ____.
a) A) 500, 100000
b) B) 100, 150000
c) C) 500, 150000
d) D) 1000, 150000
e) E) No such restriction

29) DICGC insurance is available to the following:.


a) A) Deposits of joint individual
b) B) Deposits of partnership firm
c) C) Deposits of HUF
d) D) Deposits up to Rs. 1.00 lacs per customer per Bank
e) E) All of these

30) ____ prohibits payment of term deposits or notice deposits in cash if the amount
involved. Principal plus interest is Rs.20,000.00\- or more.
a) A) Income tax Act, 1961
b) B) Sec 42 of RBI Act
c) C) Sec 24 of BR Act
d) D) PMLA 2002
e) E) None of these

31) Bank is not required to produce original book of records but true copy can be
submitted when Court has demanded as per which act?.
a) A) Civil procedure code
b) B) Registration act
c) C) B R Act
d) D) R B I Act
e) E) Banker Books Evidence Act

32) Which of the following does not come under Tier II capital?.
a) A) Capital Reserves
b) B) Undisclosed reserves
c) C) Revaluation Reserves
d) D) Cumulative Perpetual reserves
e) E) None of these

33) In case of Term Deposits , TDS will be deducted if the interest amount paid to
customer is Rs._________ and above in a financial year..
a) A) 10000
b) B) 20000
c) C) 50000
d) D) 200000
e) E) 150000

34) In case of transfer, with in how many days the address proof has to be submitted
in the transferee branch?.
a) A) 1 month
b) B) 3 months
c) C) 6 months
d) D) 1 year
e) E) None of these

35) In how many years of no transaction does a saving and current account become
dormant?.
a) A) 1 year
b) B) 2 years
c) C) 3 years
d) D) year
e) E) None of these

36) As per Sec 108 of Indian Evidence Act, a person is legally dead if not traceable
for:.
a) A) 7 years from the date of FIR
b) B) 12 years from the date of FIR
c) C) 30 years from the date of FIR
d) D) 5 years from the date of FIR
e) E) None of these

37) RBI has advised banks to ensure that DDs to be issued invariably with ac payee
crossing for.
a) A) Rs. 20000/- & above
b) B) Rs. 50000/- & above
c) C) Rs. 100000/- & above
d) D) Rs. 200000/- & above
e) E) None of these

38) A & B are having joint term deposit account with e or s operation with x as
nominee. A dies.
a) A) Amount will be paid to B along with nominee
b) B) The deposit on maturity payable to A
c) C) The deposit on maturity payable to B
d) D) All of these
e) E) None of these

39) How many digits are there in AADHAR no..


a) A) 10
b) B) 12
c) C) 16
d) D) 15
e) E) None of these

40) Maximum number of persons in SHG.


a) A) 10
b) B) 20
c) C) 50
d) D) 15
e) E) No such restriction

41) Protection available to materially altered cheque under which Section of N.I Act;.
a) A) Section 89 of the NI Act
b) B) Section 85 of the NI Act
c) C) Section 131 of the NI Act
d) D) Section 31 of the BR Act
e) E) None of these

42) Payment in due course is explained under which act:.


a) A) Section 10 of the NI Act
b) B) Section 85 of the NI Act
c) C) Section 42 of the BR Act
d) D) Section 31 of the BR Act
e) E) None of these

43) ATM dispense/non-dispense claim to be settled within______ days..


a) A) 3 days
b) B) 7 days
c) C) 15 days
d) D) 30 days
e) E) Immediately

44) KYC updation for low risk customer has to be done.


a) A) Once in 2 years
b) B) Once in 8 years
c) C) Once in 10 years
d) D) Once in 12 years
e) E) None of these

45) Age limit in Prime Ministers Jeevan Jyoti Bima Yojana:.


a) A) 18-50
b) B) 21-50
c) C) 18-60
d) D) 21-50
e) E) None of these

46) Annual Premium in Prime Minister Suraksha Bima Yojana :.


a) A) Rs. 12 per year
b) B) Rs. 330 per year
c) C) Rs. 531 per year
d) D) As per age
e) E) None of these

47) Within how many days of filing a complaint with the bank, the complainant can
approach the Ombudsman scheme?.
a) A) One year from the date of the receipt of the reply from the bank.
b) B) One month from the date of the receipt of the reply from the bank.
c) C) Three year from the date of the receipt of the reply from the bank.
d) D) Three months from the date of the receipt of the reply from the bank.
e) E) Anytime

48) As per RBI guidelines, the visually impaired person is to be provided with.
a) A) Cheque book facility
b) B) A T M card
c) C) Locker facility
d) D) All of these
e) E) None of these

49) Which of the following transactions are required to be reported in CTR report?.
a) A) Suspicious transactions up to Rs.10 lac.
b) B) Suspicious transactions above Rs.10 lacs.
c) C) Cash transactions of Rs.10 lacs and above
d) D) Cash transactions below Rs.10 lacs.
e) E) None of these

50) PAN (Permanent Account Number) is compulsory for Fixed Deposits, Remittances
like DDs/TTs/TCs etc.
a) A) If the amount exceeds Rs.10000/b) B) If the amount exceeds Rs.50000/c) C) If the amount of Rs.50000/- and Above
d) D) No such limit is fixed by the Income tax authorities
e) E) None of these

51) Dormant/Inoperative account means.


a) A) No debits/credits in account for a certain period
b) B) Dead account without any operation for long
c) C) No debit entries, but certain credit entries(Interest ) for certain period
d) D) Fixed asset account of the bank
e) E) None of these

52) e-KYC verifies from AADHAR.


a) A) Photograph
b) B) Address
c) C) Photograph & Address both
d) D) None of these
e) E) All of these

53) National Pension System (NPS) is a scheme launched by GOI and regulated by.
a) A) Ministry of Finance
b) B) IRDA
c) C) PFRDA
d) D) IBA
e) E) All of these

54) As per revised KYC guidelines for non-compliance of KYC norms initial partial
freezing of account for months implies.
a) A) Freezing all credits transactions in the account
b) B) Freezing all debit and credit transactions in the account
c) C) Freezing all debit transactions in the account
d) D) None of these
e) E) All of these

55) What are the features BSBDS (Small Account).


a) A) Aggregate credit not more than Rs.1.00 Lac in a year
b) B) Aggregate withdrawals not more than Rs.10000.00 in a month
c) C) Balance in the account not more than Rs.50000.00 at any point of time.
d) D) None of these
e) E) All of these

56) What is the maximum Govt. contribution in Atal Pension Yojana?.


a) A) Rs.500/- per annum
b) B) Rs.1000/- per annum
c) C) Rs.1000/- per month
d) D) Rs.500/- per month
e) E) None of these

57) What is the maximum no of transactions that can be made in the PPF account in a
year.
a) A) 10
b) B) 15
c) C) 6
d) D) 12
e) E) Any number of transactions

58) PPF account matures after completion of ------------- years.


a) A) 10
b) B) 15
c) C) 6
d) D) 12
e) E) 20

59) What is the minimum age limit for opening an account under NPS.
a) A) 18
b) B) 25
c) C) 21
d) D) 12
e) E) No limitation

60) Which branch of our bank is designated as Point of Presence (POP ) for NPS.
a) A) Sr Br Mumbai
b) B) Focal Point Br Delhi
c) C) MSM Mumbai
d) D) Nariman Point Mumbai
e) E) None of these

61) As per CBEC guidelines Customs duty has to be paid online if the amount is more
than.
a) A) 1.00 lac
b) B) 2.00 lacs
c) C) 5.00 lacs
d) D) 50000
e) E) None of these

62) The electronic cheque is defined in.


a) A) I T Act
b) B) N.I.Act.
c) C) RBI Act
d) D) BR Act
e) E) None of these

63) Crossing applies to:.


a) A) cheques
b) B) Bills of exchange
c) C) Promissoy Notes
d) D) None of thes
e) E) All of these

64) Our Bank is not an Accredited Banker to which Union Ministry.


a) A) Ministry of Environment & Forests
b) B) Ministry of Science & Technology
c) C) Ministry of Labour & Employment
d) D) Ministry of Statistics & Programme Implementation
e) E) Ministry of Information & Communication

65) Govt. Deposit constitutes ..% of Banks Aggr. Domestic Dep..


a) A) 10
b) B) 15
c) C) 24
d) D) 8
e) E) None of these

66) Who can not open the PPF Account?.


a) A) Minor
b) B) Illiterate
c) C) Visually Challenged Person
d) D) None of these
e) E) All of these

67) How many branches in our bank are authorized to open PPF account?.
a) A) 1070
b) B) 570
c) C) All branches
d) D) None of these
e) E) 1270

68) Maximum amount of investment under Sr. Citizen Savings Scheme is.
a) A) 10.00 lacs
b) B) 5.00 lacs
c) C) 15.00 lacs
d) D) No limit
e) E) None of these

69) Which of the following is not the denomination of KVPs.


a) A) 1000
b) B) 5000
c) C) 10000
d) D) 50000
e) E) None of these

70) The rate of interest rate applicable for the Sukanya Samridhi Scheme for 2015-16
is.
a) A) 8.7
b) B) 9.2
c) C) 10
d) D) 8.5
e) E) None of these

71) How many of our branches are authorized to collect direct taxes in offline mode.
a) A) All branches
b) B) 1040
c) C) 570
d) D) 2100
e) E) None of these

72) The minimum amount of annual contribution under New Pension System is.
a) A) 6000
b) B) 1000
c) C) 12000
d) D) No such limit
e) E) None of these

73) Commission on receipt of PPF contribution for offline transaction.


a) A) 50
b) B) 65
c) C) 12
d) D) 100
e) E) None of these

74) The commission to open the NPS account is.


a) A) 50 per account
b) B) 100 per account
c) C) 65 per account
d) D) No commission
e) E) None of these

75) How many branches are authorized to open the account under APY.
a) A) 570
b) B) 1040
c) C) 2100
d) D) All branches
e) E) None of these

76) In which of the following account interest is to be paid in the Current Deposit in
case of deceased account.
a) A) Proprietorship account
b) B) Partnership account
c) C) Joint Account
d) D) All of these
e) E) None of these

77) What is the total share of CASA (in percentage) out of total deposit as on
30.09.2015?.
a) A) 29.3
b) B) 28.6
c) C) 31.95
d) D) 30.25
e) E) None of these

78) The total Current Deposit of our Bank as on 31.03.2015 is.


a) A) 25530 Crores
b) B) 21046 Crores
c) C) 18756 Crores
d) D) 29530 Crores
e) E) None of these

79) Branches should get confirmation of address.


a) A) Only for all new accounts
b) B) For all accounts including existing ones
c) C) Only SB Accounts
d) D) Only Current Accounts
e) E) None of these

80) A undercharged insolvent is distinguished as:.


a) A) Having insolvency proceedings pending in a court of law
b) B) Having assets more than liabilities
c) C) A VVIP in the political circle
d) D) A minor boy booked under criminal proceedings
e) E) A willful defaulter of bank loans

81) The major feature of a partnership firm is:.


a) A) Each partner is principal/owner of the firm
b) B) Each partner is both principal and agent of the firm
c) C) Each partner is related to each other for sharing profits
d) D) No partner is bound to share losses
e) E) It must be registered under Indian Partnership Act

82) All joint stock companies, both private & public must be registered under:.
a) A) Companies Law Board rules of 2013
b) B) Indian Companies Act, 1956
c) C) Ministry of Law & Company Affairs, Govt. of India
d) D) Indian Companies Amendment Act, 2005
e) E) Registrar of Companies

83) A general Power of Attorney holder is :.


a) A) An agent with express authority only
b) B) An agent having implied authority also
c) C) An agent only in the absence of principal
d) D) An agent only for one transaction a day
e) E) An agent for one month

84) A partnership firms account must be opened along with a duly signed:.
a) A) Partnership deed
b) B) Declaration of partnership
c) C) Joint affidavit
d) D) Undertaking to honour cheques in time
e) E) None of these

85) A purdahnashin woman is referred as:.


a) A) A lady under burkha moving freely in the society
b) B) A lady under burkha confined to home to look after family members
c) C) An Islamic lady
d) D) A major woman completely secluded from society
e) E) None of these

86) Bank cannot disclose the affairs of account of a customer. What are the
circumstances where it is under obligation to disclose the affairs of customers
account?.
a) A) Compulsion of law
b) B) Banking practice
c) C) Interest of the bank
d) D) None of these
e) E) All of these

87) The period of limitation for exercising lien is.


a) A) 2 years
b) B) 3 years
c) C) No limit
d) D) 12 years
e) E) None of these

88) Under which of the following situations, the claytons rule relates to;.
a) A) Payment of cheques
b) B) Right of set off
c) C) Right of appropriation
d) D) None of these
e) E) All of these

89) Mr. Balram maintaining a Current Account having balance at present Rs.25000/-. It
is reported that Mr.Balram expired on 10.06.2015. Bank received a Income Tax
Attachment order on Mr. Balram for payment of RS.10000/-. In this circumstances
bank will:.
a) A) Return the Income Tax Attachment order since party expired
b) B) Bank will honour the attachment order
c) C) Bank will seek the advice of Regional Office
d) D) Cannot say
e) E) NOA

90) Banker is bound to disclose the affairs of an account, under which of the following
circumstances?.
a) A) By court order under the Bankers book of evidence act 1891.
b) B) Under sec45(B) of RBI Act,1934
c) C) U/s 26 of Banking Regulation Act, 1949
d) D) Under Income Tax Act, 1961
e) E) All the above

91) As per the BCSBI code, recovery agent should approach the customer only
between ----AM to -----PM.
a) A) 6 am to 6 pm
b) B) 7 am to 7 pm
c) C) 8 am to 8 pm
d) D) 9 am to 5 pm
e) E) None of these

92) As per BCSBI code, in case of a deceased account bank will settle the claim within
------days.
a) A) 30 days
b) B) 15 days
c) C) 45 days
d) D) 60 days
e) E) None of these

93) The code of Banks Commitment to customers ( COBCTC) is not applicable to the
following banking services offered by a bank.
a) A) Government accounts
b) B) Demat accounts
c) C) RTGS & NEFT
d) D) Credit card
e) E) None of these

94) The BCSBI has been set up by.


a) A) Govt. of India
b) B) Indian Banks Association
c) C) RBI
d) D) Banking Ombudsman
e) E) None of these

95) The BCSBI is managed by.


a) A) Reserve Bank of India
b) B) Governing Council
c) C) Finance Ministry
d) D) IBA
e) E) NOA

96) The Code of Banks Commitment to Customers has been formed by.
a) A) IBA
b) B) RBI
c) C) GOI
d) D) BCSBI
e) E) None of these

97) The Code of Banks Commitment to Customers is not applicable to the following.
a) A) Private Sector Banks
b) B) Public sector Banks
c) C) Foreign Banks
d) D) State Bank of India
e) E) None of these

98) As per BCSBI Codes, what is the maximum time period for transferring the loan
account to other bank as per the request of the customer?.
a) A) 30 days
b) B) 21 days
c) C) 3 days
d) D) 7 days
e) E) None of these

99) Any changes in the fees/charges are to be informed to the customers.


a) A) Immediately after the implementation of the changes
b) B) One month prior to the revised charges becoming effective
c) C) Three month prior to the revised charges becoming effective
d) D) Update the website is sufficient
e) E) None of these

100) If a customer is not satisfied with the choice of current/savings account, within
how many days one can approach to switch over to other scheme or can take refund
of the amount?.
a) A) 21 days
b) B) One week
c) C) One month
d) D) 14 days
e) E) 3 days

101) Vetting of documents is mandatory in accounts.


a) A) Having exposure above Rs 10 lacs
b) B) All accounts
c) C) Having exposure above Rs 50 lacs
d) D) Having exposure above Rs 100 lacs
e) E) None of these

102) As a measure of monitoring, ABC analysis of Regions should be done on the


basis of.
a) A) Percentage of stressed assets
b) B) Amount of NPA and mock run
c) C) Risk of slippages
d) D) All of the above
e) E) None of these

103) A Branch headed by Chief Manager has sanctioned a CC ( H) limit of Rs 2.50 cr.
And LC limit of Rs 1.00 cr. To a company. The branch will send monitoring report to.
a) A) RO
b) B) FGMO
c) C) CO
d) D) To all above
e) E) None of these

104) AQMC is a tool for effective monitoring at RO level. AQMC is abbreviation of.
a) A) Asset quality management committee
b) B) Asset quality maintenance committee
c) C) Asset quality monitoring committee
d) D) Asset quality money committee
e) E) None of these

105) Credit Limits with the following threshold exposure are mandatory for conducting
Credit Process Audit.
a) A) Rs.2.00 crores
b) B) Rs.3.00 crores
c) C) Rs.50.00 lacs
d) D) Rs. 1.00 crore and above
e) E) none of these

106) For Mandatory CPA, credit limit in case of Retail loans for Semi urban branches.
a) A) Rs 20 lacs
b) B) Rs 15 lacs
c) C) Rs 10 lacs
d) D) Rs 25 lacs
e) E) none of these

107) For Mandatory CPA, credit limit in case of Retail loans for Urban branches is ;.
a) A) Rs. 20 lacs
b) B) Rs. 15 lacs
c) C) Rs 30 lacs
d) D) Rs 40 lacs
e) E) none of these

108) For Mandatory CPA, credit limit in case of Retail loans for Metro branches.
a) A) Rs. 20 lacs
b) B) Rs. 15 lacs
c) C) Rs 30 lacs
d) D) Rs 40 lacs
e) E) none of these

109) By comparing the stock statements with previous two or more statements
submitted by the party, we may find out.
a) A) Non Moving stocks and Debtors
b) B) The due date for renewal of the account
c) C) The position of documents
d) D) The date of commencement of business
e) E) none of these

110) Monitoring reports are to be submitted by the designated monitoring officers at


Branch level to the respective RO within a time of-- --succeeding month..
a) A) 9 days
b) B) 10 days
c) C) 7 days
d) D) 30 days
e) E) none of these

111) While allowing Drawing power based on the stock statement, the following needs
to be deducted.
a) A) Total value of stocks declared
b) B) Total sales declared
c) C) Total purchases declared
d) D) Unpaid stocks
e) E) none of these

112) Executives from Credit Monitoring & Restructuring Department should visit high
risk regions on a ;.
a) A) Fortnightly basis
b) B) Monthly basis
c) C) Quarterly basis
d) D) Half yearly basis
e) E) None of these

113) The restructured accounts are to be monitored on a ________ basis, whether it is


stressed account or not..
a) A) Fortnightly
b) B) Monthly
c) C) Quarterly
d) D) Half yearly
e) E) None of these

114) For working capital limits the inspections of prime security has to be done at
________ frequency by the BH or credit officer..
a) A) Every month
b) B) Every quarter
c) C) Every half year
d) D) Every month /quarter as per the individual case .
e) E) None of these

115) In case of working capital limits sanctioned against Book debts, the following is
important for monitoring.
a) A) Debtors velocity ratio
b) B) DSCR
c) C) Updated position of Book debts from time to time
d) D) A and B
e) E) A and C

116) Out of the following, which task forms a part of Credit Process Audit
verification.
a) A) Post disbursement inspection
b) B) Verification of assets
c) C) Registration of charges
d) D) Vetting of documents
e) E) None of these

117) All debits during the first two months or till full utilization of the limits should be
specifically authorized by the BH or in his absence the second official in command.
The purpose of this is.
a) A) Ensure branch heads knows the disbursement schedule
b) B) Ensure disbursement is not delayed
c) C) To avoid frauds
d) D) Ensure proper end use of funds
e) E) None of these

118) Monitoring reports (MMRs) of non-stressed standard accounts to be submitted


during.
a) A) April, July, Oct and January of every year.
b) B) april and January of every year.
c) C) May, August, Nov and February of every year
d) D) June, Sept, Dec and March of every year
e) E) None of these

119) The following is not a prime requirement of a Stock Statement to be accepted for
allowing DP.
a) A) Stock statement to be signed by an authorised person
b) B) Quantity and value of stock is to be declared
c) C) Address of the place of storage to be declared
d) D) Purchases/ sales to be mentioned
e) E) All the dues of taxes paid up to which date

120) What is MAP in monitoring?.


a) A) Manageable Asset Programme
b) B) Measureable achievement plan
c) C) Monitoring Action Plan
d) D) Monthly appraisal process
e) E) None of these

121) Collateral securities are to be inspected once in a.


a) A) Month
b) B) Quarter
c) C) Half year
d) D) year
e) E) None of these

122) Stock Audit has to be conducted once in a.


a) A) Month
b) B) Quarter
c) C) Half year
d) D) Year
e) E) None of these

123) Excess in an account should not be allowed for more than ___ days by the
delegated authority.
a) A) 7 days
b) B) 10 days
c) C) 14 days
d) D) 30 days
e) E) None of these

124) Valuation report of two approved valuers is mandatory, When collateral valuation
is more than Rs---.
a) A) 5 cr
b) B) 10 cr
c) C) 25 cr
d) D) 50 cr
e) E) None of these

125) How many months after CR-1rated Account is renewed.


a) A) 12 months
b) B) 18 months
c) C) 6 months
d) D) Till such times rating comes down
e) E) None of the above

126) While allowing Drawing power based on the stock statement, the following
represents the unpaid stocks.
a) A) Purchases made on credit
b) B) Borrower's margin
c) C) Unmoving stocks if any declared in stock statement
d) D) Unmoving or debtors considerably old
e) E) None of the above

127) In case of loan accounts with persisting irregularities, Bank can opt for exit
option when;.
a) A) Borrower practicing unethical methods
b) B) Where the viability of the project is certain
c) C) Bad market signals along with deterioration in long run
d) D) Both a and c
e) E) Both A and B

128) The cut off limit of submission of monitoring Reports at Branch level is.
a) A) Upto Rs.10 lacs
b) B) Upto Rs.25 lacs
c) C) Upto Rs.50 lacs
d) D) Upto Rs.100 lacs
e) E) None of these

129) The cut off limit of monitoring Report(MCMR) at RO level is Rs..


a) A) Above 10 lacs upto 100 lacs
b) B) Above 25 lacs upto 200 lacs
c) C) Above 50 lacs upto 200 lacs
d) D) Above 100 lacs upto 500 lacs
e) E) None of these

130) The cut off limit of monitoring Report(MCMR) at FGMO level is Rs..
a) A) Above 100 lacs upto 200 lacs
b) B) Above 200 lacs upto 300 lacs
c) C) Above 200 lacs upto 500 lacs
d) D) Above 300 lacs upto 700 lacs
e) E) None of these

131) The cut off limit of monitoring Report (MCMR) at CO level is Rs..
a) A) Above 300 lacs
b) B) Above 500 lacs
c) C) Above 700 lacs
d) D) Above 1000 lacs
e) E) None of these

132) Branch should take immediate remedial measures when.


a) A) Borrower faces any difficulty in serving of interest timely
b) B) Borrower faces any difficulty in repaying installments on due date
c) C) Borrower faces any difficulty in meeting commitments of Non Fund limits
d) D) All the above
e) E) None of these

133) MSOD, QPR and technical officers report are the monitoring tools primarily
available at.
a) A) Branch
b) B) RO
c) C) CO
d) D) FGMO
e) E) None of these

134) Monitoring of advances begins with the selection of borrower, it ceases only.
a) A) with completion of the process note and sanction letter
b) B) After documentation
c) C) After disbursement
d) D) Up to one year of disbursement
e) E) Only on closure of the account

135) Stock Audit for working capital limits is conducted for the purpose of.
a) A) Verification of sufficiency of current assets
b) B) Verification of DP
c) C) Verfication of Documents and charge creation
d) D) Verification of end use of funds
e) E) All the above

136) Vetting of documents is done at what stage ?.


a) A) During disbursement stage
b) B) Post disbursement stage
c) C) Pre disbursement stage
d) D) Any time
e) E) None of these

137) Credit Process Audit is done at what stage ?.


a) A) Pre disbursement
b) B) During disbursement stage
c) C) Any time but before last disbursement
d) D) Any time only after getting permission from RO
e) E) None of these

138) Loan accounts showing early warning signals require ;.


a) A) Additional finance
b) B) Recall of advance
c) C) Monitoring action plan
d) D) Restructuring
e) E) None of these

139) Monitoring action plan dose not include.


a) A) Reduction in limits
b) B) Increase in margin
c) C) Taking possession of the securities
d) D) Delaying payment of Statutory dues
e) E) None of these

140) For control of Stressed Accounts, Preventive measures include ;.


a) A) Timely review / renewal of accounts
b) B) Timely follow up with borrower
c) C) Recall of advance
d) D) A , B and C
e) E) None of the above

141) TEV (Techno economic viability study) is done for.


a) A) Evaluation of new projects
b) B) Expansion plans
c) C) Evaluation of sick units for nursing plans
d) D) All of the above
e) E) None of the above

142) Techno economic study does not include.


a) A) Background of the promoter
b) B) Adequacy of land
c) C) Availability of basic infrastructure
d) D) Raw material sources
e) E) None of the above

143) As per guidelines, the borrower should submit the audited financials by.
a) A) 31st Oct.
b) B) 15th Nov.
c) C) 30th Nov.
d) D) As soon as possible
e) E) None of the above

144) Within how many days corporate financial accounts should be filed with ROC
after AGM of any company..
a) A) 15 days
b) B) 30 days
c) C) 45 days
d) D) 60 days
e) E) None of the above

145) Sales and purchases declared by the borrower in stock statement on monthly
basis can be verified.
a) A) From balance sheet
b) B) From P & L
c) C) Vat returns / Excise duty challans
d) D) Stock audit report
e) E) None of the above

146) During assessment if tax authorities has asked to pay additional tax and party
has appealed, this amount will be treated as ;.
a) A) Long term liability
b) B) Short term liability
c) C) Contingent liability
d) D) Deferred tax liability
e) E) None of the above

147) The utilities available in LAS for monitoring-.


a) A) Monitoring alerts
b) B) Monitoring reports
c) C) Generation of bulk notices in regional languages
d) D) All of the above
e) E) None of the above

148) DP allowed on stock statement which is giving overstated/inflated stock position


will have the following effect.
a) A) No irregularity in the account
b) B) This is signal of countdown for slippage to NPA category
c) C) Bank will earn more interest and hence beneficial
d) D) Account will remain standard/no stress
e) E) None of the above

149) Non fund based facilities for a new customer can be sanctioned at branch level
subject to.
a) A) 100% Cash Margin
b) B) 100% Cash margin and as a one time facility
c) C) No restrictions, we can issue
d) D) No non fund based facilty can be sanctioned at branch level
e) E) NONE OF THE ABOVE

150) Loans /Advances against the security of Bank's own shares.


a) A) are prohibited as per extant RBI guidelines
b) B) if granted, will constitute sensitive violation/ transgression of Delegated Authority
c) C) both (a) and (b) are true
d) D) NO RESTRICTION FROM RBI
e) E) NONE OF THE ABOVE

151) Loans / advances can be granted in the folloiwng cases as per Loan Policy.
a) A) Against Certificate of Deposit & Mutual Funds
b) B) For financing Badla Transaction
c) C) Against FDR/ Term Deposit of other Banks
d) D) To a third party against customer's deposits
e) E) NONE OF THE ABOVE

152) For any new credit proposal the following is not applicable.
a) A) Sanction of limits by itself is not be a commitment on the part of the bank to disburse
b) B) Sanction and disbursal of limits is subject to fulfillment of various commitments on the
part of the borrower as set out in the proposal.
c) C) Mode of disbursement is important.
d) D) Monitoring during disbursement is very important
e) E) TAT is to be followed irrespective of the other aspects like documentation
whether completed or not

153) For Working Capital Facility, Monitoring during first time availement of limits
does not consist of the following.
a) A) Compliance to Terms and Conditions
b) B) Stock Inspection
c) C) Adequate insurance of stocks
d) D) Sales in line with projections
e) E) All the above

154) At the post disbursement stage for monitoring new advances ;.


a) A) All debits during the first two months and /or upto the full utilization of the limits,shall be
specifically authorized by the BM and in his absence by the second official in command
b) B) Performance of the unit & operations in the account should be compared from time to
time with projected level of activity originally submitted by the borrower
c) C) The operations to be watched every day by the branch so as to ensure the end use of
Funds
d) D) All the above
e) E) NONE OF THE ABOVE

155) Post Disbursement Monitoring Tools comprises the following ;.


a) A) Movement of stocks, rejection of stocks
b) B) Sales in line with projections ,realization of debtors/age of debtors
c) C) Verification of books of accounts and other records such as invoice, books of
accounts, stores records/registers etc.
d) D) Detecting /avoiding unrelated debits to the account & frequent cash withdrawals
e) E) All the above

156) The following is not a Post Disbursement Monitoring Tool for maintaining asset
quality.
a) A) Scrutiny of control returns like stock statements/book debts statements/ QPR/MSOD
b) B) Unit Inspection and Asset /Security Verification
c) C) Stock Audit by independent agency
d) D) Scrutiny of Audit Report & Financial Statements
e) E) None of these

157) For Term Loans, Monitoring during disbursement consists of ;.


a) A) Obtaining of Performa Invoices/ its valuation
b) B) Disbursement of Term Loan together with promoter's margin by direct payment to
suppliers/vendors
c) C) Arrangement for financing cost overrun, if any
d) D) Certificate from various independent agencies like Architect/Contractor/C.A. for
progress in project implementation
e) E) All the above

158) For a Fund Based Facility, if there is default in interest/ installment/Bill Purchased
or Discounted/ Packing Credit/Excess in Working Capital Limit/Non adjustment in Adhoc Limit/Operations in the account dormant/deficit in DP, the account will be catego.
a) A) SMA- 0 FOR DEFAULT UPTO 30 DAYS
b) B) SMA-1 FOR DEFAULT FROM 31 DAYS TO 60 DAYS
c) C) SMA 2 FOR DEFAULT FROM 61 DAYS TO 90 DAYS
d) D) All the above
e) E) NONE OF THE ABOVE

159) FOR DEFAULTS IN NON- FUND BASED LC/LG/DPGL INSTALLMENTS / OTHER


NON-FUND BASED COMMITMENT VIZ. DERIVATIVES, BUYERS CREDIT, FORWARD
CONTRACTS, UN-HEDGED FOREX EXPOSURE ETC..
a) A) SMA- 0 FOR DEFAULT UPTO 30 DAYS
b) B) SMA-1 FOR DEFAULT FROM 31 DAYS TO 60 DAYS
c) C) SMA 2 FOR DEFAULT FROM 61 DAYS TO 90 DAYS
d) D) All the above
e) E) NONE OF THE ABOVE

160) DEFAULTS DUE TO NON-RENEWAL OF LIMITS , RENEWAL PENDING FROM ;.


a) A) STANDARD SUBMITTED WITHIN ONE MONTH
b) B) EAS-II -PENDING 31 DAYS TO 89 DAYS FROM THE DATE OF EXPIRY
c) C) SMA-0 PENDING 90 DAYS TO 180 DAYS FROM THE DATE OF EXPIRY
d) D) All the above
e) E) NONE OF THE ABOVE

161) For Crop Loan for Short Duration Crops grown under rain fed conditions (only
one crop in a year),if there is loan default (interest /instalment) for 12 months from
due date, the account will be categorized as ;.
a) A) SMA I
b) B) SMA 2
c) C) SMA 0
d) D) Standard
e) E) NONE OF THE ABOVE

162) For Crop Loan for Short Duration Crops grown under rain fed conditions (only
one crop in a year),if there is loan default (interest/ instalment) for more than 12
months up to 21 months from due date, the account will be categorized as;.
a) A) SMA I
b) B) SMA 2
c) C) SMA - 0
d) D) Standard
e) E) NONE OF THE ABOVE

163) For Crop Loan for Short Duration Crops grown under rain fed conditions (only
one crop in a year),if there is loan default (interest /installment) for more than 21
months up to 24 months from due date, the account will be categorized as.
a) A) SMA I
b) B) SMA 2
c) C) SMA - 0
d) D) Standard
e) E) NONE OF THE ABOVE

164) For Crop Loan for Short Duration Crops grown under irrigated conditions (more
than one crop in a year),if there is loan default (interest /installment) for more than 12
months from due date, the account will be categorized as;.
a) A) STANDARD- IF DEFAULT UPTO 3 MONTHS
b) B) SMA 1 IF DEFAULT IS MORE THAN 3 MONTHS TO 9 MONTHS
c) C) SMA 2 IF DEFAULT IS FOR MORE THAN 9 MONTHS & UPTO 12 MONTHS
d) D) ALL THE ABOVE
e) E) NONE OF THE ABOVE

165) For Crop Loan of Long Duration Crops ,if there is loan default
(interest/instalment) for UPTO 3 months from due date, the account will be
categorized as;.
a) A) SMA I
b) B) SMA 2
c) C) SMA - 0
d) D) Standard
e) E) NONE OF THE ABOVE

166) For Crop Loan of Long Duration Crops ,if there is loan default
(interest/instalment) for more than 3 months upto 15 months from due date, the
account will be categorized as;.
a) A) SMA I
b) B) SMA 2
c) C) SMA - 0
d) D) Standard
e) E) NONE OF THE ABOVE

167) For Crop Loan of Long Duration Crops ,if there is loan default
(interest/instalment) for more than 15 months up to 18 months from due date, the
account will be categorized as;.
a) A) SMA I
b) B) SMA 2
c) C) SMA - 0
d) D) Standard
e) E) NONE OF THE ABOVE

168) for allowing DP in a Cash Credit account, the valuation of stock should be on the
basis of.
a) A) Cost price/invoice pricing
b) B) Present Market value
c) C) Selling price fixed by borrower
d) D) As per valuation by valuer
e) E) None of the above

169) One of your borrowers informed that he is going to shift his godown to a new
place, precaution to be taken immediately.
a) A) Notifying the change to the insurance company under acknowledgement
b) B) Obtaining a letter of free access from the new owner, if the new godown is rented
c) C) Taking care of the transit insurance for shifting the goods if needed
d) D) A and B
e) E) A b and C

170) Which one of the following cannot be suggested remedy if you find warning
signals ?.
a) A) DISCUSSION WITH THE BORROWER / GUARANTOR
b) B) RECOVERY OF OVERDUE AMOUNT TO AVOID SLIPPAGE
c) C) REDUCTION OF LIMIT
d) D) EXIT OPTION
e) E) Immediate recovery of dues

171) The following is not a factor for considering compensation in case a claim arises
under an insurance policy on stocks.
a) A) Total sum assured
b) B) The total value of stocks
c) C) Precautions taken by the borrower for up keep of the stocks
d) D) Stock statements submitted to the bank
e) E) The Valuation of the godown

172) The following monitoring tool available at the branch gives us a total picture of
the account.
a) A) Review renewal of the account
b) B) Account operations
c) C) Security documents held
d) D) Credit Process Audit
e) E) None of the above

173) Any internal diversion taking place with respect to any borrowal unit can be
clearly identified with the help of.
a) A) Review renewal of account
b) B) Stock statement submitted
c) C) Account operations
d) D) Funds Flow statement compiled based on the financials
e) E) NONE OF THE ABOVE

174) The following monitoring tool/s give the bank a clear picture of the borrowal unit
about the periodical progress in line with the projections.
a) A) Number of cheques returned in the account
b) B) MSOD/QPR/HOF
c) C) Number of times excess requested
d) D) Servicing of interest in working capital account
e) E) NONE OF THE ABOVE

175) The following aspect is not required while reviewing a Term Loan.
a) A) Calculation of DSCR
b) B) Documentation position as on date
c) C) Overdue amounts if any
d) D) Verification of created charges whether perfect
e) E) Delegated authority

176) The our system for classification of stressed assets comprises of the following.
a) A) SMA 0, SMA1, SMA 2 and EAS II
b) B) SMA 0, SMA1, SMA 2 and EAS I
c) C) SMA 1, SMA2, NPA
d) D) EAS I, EAS II, SMA, MOCK RUN
e) E) None of the above

177) What is S D R S, in the context of new RBI guidelines.


a) A) Strategic Debt Restructuring Scheme
b) B) Strategy for Debt Recovery Scheme
c) C) Standard debts restructuring scheme
d) D) Single debt rehabilitation service
e) E) None of the above

178) The flexible restructuring scheme indicated by RBI recently has provides for re
assessment of project status from time to time in the following ratio.
a) A) 5:25
b) B) 5:30
c) C) 5:10
d) D) 5:15
e) E) NONE OF THE ABOVE

179) Please expand what is an "RFA".


a) A) Red Flagged Account
b) B) Repeated finance Account
c) C) Repeated Financial Asset
d) D) Ready finance Account
e) E) None of the above

180) Constant utilization of working capital limits by borrower up to the "brim"


indicates.
a) A) Sufficient availability of stocks
b) B) The unit is having sufficient liquidity
c) C) suggestive of liquidity crunch
d) D) Quick recycling of debtors
e) E) None of the above

181) Corrective measures for monitoring of an advance account should start at the
stage of.
a) A) SMA 0
b) B) SMA 1
c) C) SMA 2
d) D) EAS II
e) E) When appears in mock run list

182) While monitoring account operations of the borrowers, diversion is indicative if


you find.
a) A) debits for round amounts
b) B) limits drawn up to the brim always
c) C) debits to unrelated parties
d) D) large cash withdrawals
e) E) All the above

183) In case of accounts in stressed category, monitoring reports have to be


submitted on.
a) A) Yearly basis
b) B) Quarterly basis
c) C) Monthly basis
d) D) Fortnightly
e) E) Half yearly

184) CIBIL report will not reflect the following aspect.


a) A) The total level of borrowings
b) B) Information about written off accounts
c) C) Present address of the borrower
d) D) Various enquiries made for loans
e) E) Capital employed in the business

185) The restructuring account would normally involve alteration of which of the
following ?.
a) A) REPAYMENT PERIOD
b) B) REPAYABLE AMOUNT
c) C) AMOUNT OF INSTALMENTS
d) D) RATE OF INTEREST
e) E) ALL THE ABOVE

186) Which of the following circumstances does not warrant restructuring.


a) A) COST / TIME OVERRUN OF THE PROJECT
b) B) FAILURE TO REACH BREAK EVEN LEVELS
c) C) INABILITY TO SERVICE INTEREST / INSTALLMENTS
d) D) FREQUENT EXCESSES / RETURN OF CHEQUES
e) E) Borrower delaying project purposely

187) In case of natural calamity financial / relief measures by banks are ?.


a) A) CONSUMPTION LOAN WITHOUT COLLATERAL SECURITY
b) B) CONVERSION OF SHORT TERM LOAN TO MEDIUM TERM LOANS
c) C) FRESH LOANS FOR RESUMPTION OF NORMAL BUSINESS
d) D) INTEREST SUBVENTION OF 2% FOR THE FIRST YEAR
e) E) ALL THE ABOVE

188) Exit Option from a loan account can be opted.


a) A) Where the project is viable
b) B) Borrower following unethical practices
c) C) Where further deterioration is predicted
d) D) Both A and B
e) E) Both B and C

189) THE REPAYMENT OF RESTRUCTURED ADVANCE INCLUDING MORATORIUM


SHOULD NOT EXCEED ?.
a) A) 10 YEARS FOR INFRA AND 7 YEARS FOR NON-INFRA
b) B) 15 YEARS FOR INFRA AND 10 YEARS FOR NON-INTRA ( OTHER THAN HOME
LOAN)
c) C) 10 YEARS FOR INFRA AND 5 YEARS FOR NON - INFRA
d) D) NO RESTRICTIONS
e) E) NONE OF THE ABOVE

190) In restructured account promoters contribution upfront should be ?.


a) A) 15 % of banks sacrifice
b) B) 20 % of banks sacrifice
c) C) 20 % of restructured amount
d) D) 20 % of banks sacrifice or 2 % restructured debt whichever is higher
e) E) None of the above

191) The amount of diminution in the fair value in all restructured accounts where total
dues are less than Rs 1 crore is notionally calculated at ?.
a) A) ACTUAL OUTSTANDING AMOUNT
b) B) 5 % OF THE OUTSTANDING AMOUNT
c) C) 2 % OF THE OUTSTANDING AMOUNT
d) D) 10 % OF THE OUTSTANDING AMOUNT
e) E) NONE OF THE ABOVE

192) Barring few exceptions, any standard account restructured on or after 1.4.2015
will be treated as.
a) A) Restructured account
b) B) Standard Account
c) C) Sub standard account
d) D) Doubtful account
e) E) NONE OF THE ABOVE

193) BRANCH MANAGERS WHO DO NOT HAVE DELEGATED AUTHRITY FOR


RESTRUCTURING.
a) A) SCALE -1
b) B) SCALE - 11
c) C) SCALE -111
d) D) Only A and B
e) E) ALL THE ABOVE

194) EXTENDING THE REPAYMENT TENURE UNDER NEW MODEL EDUCATION


SCHEME IN EDUCATION LOAN ACCOUNT IS NOT TREATED AS RESTRUCTURED IN
CASE OF ?.
a) A) STANDARD ACCOUNTS
b) B) SUB-STANDARD ACCOUNTS
c) C) DOUBT FUL ACCOUNTS
d) D) All of these
e) E) None of these

195) In case of take over account the the threshold rating for accepting the take over.
a) A) CR 1
b) B) CR 2
c) C) CR 3
d) D) CR 4
e) E) CR 5

196) Please expand "CRILC" in view of the recent RBI policy on Revitalizing
distressed assets in the economy.
a) A) Central Recovery information for large credits
b) B) Central Repository of information on Large credits
c) C) Central Reserve Investment in Loan cost
d) D) Cost Run in Large Companies
e) E) None of the above

197) Please expand "J L F " in view of the recent RBI policy on Revitalizing distressed
assets in the economy.
a) A) Joint Lenders forum
b) B) Joint Lending Formation
c) C) Joint leverage formation
d) D) Japanese Lending formalities
e) E) None of the above

198) As part of monitoring of financials of a firm, bank should not allow this type of
flow of funds.
a) A) Working capital funds to fixed assets
b) B) Working capital funds for purchase of goods
c) C) Working capital funds for payment of expenses for procuring raw materials
d) D) working capital funds for payment of insurance on stocks
e) E) None of these

199) The following irregularity is identified as stress under SMA0.


a) A) Return of cheques for 3 or more occasions in a month
b) B) Renewal of the account due within one month
c) C) Interest overdue for more than 80 days
d) D) Installment overdue for more than 60 days
e) E) None of these

200) The following transaction in the operative account of the borrower can be
indicative of the utilisation of capacity.
a) A) Lumpsum credits through liquidating mutual funds etc
b) B) Electricity bills paid through the account
c) C) Income tax paid form the account
d) D) Cheques favouring the sister concerns
e) E) None of the above

201) Financial inclusion means.


a) A) Delivery of formal banking services at an affordable cost to all disadvantaged poor
people
b) B) Bringing unreached banking areas into the ambit of banking services
c) C) To keep full stop on non availability, non affordability and non-accessibility of financial
services
d) D) All of these
e) E) None of these

202) Financial inclusion was defined by.


a) A) More committee
b) B) Dr C Rangarajan committee
c) C) Mr. M V Nair committee
d) D) Ghosh committee
e) E) None of these

203) Before launching of PMJDY in August 2014 --------- of population in India were
having access to formal financial sector..
a) A) 25%
b) B) 40%
c) C) 15%
d) D) 55%
e) E) 10%

204) Population of which country is financially included to the maximum extent?.


a) A) Denmark
b) B) USA
c) C) Germany
d) D) Norway
e) E) India

205) Lesser the financial inclusion more will be the--------------------.


a) A) Velocity of money
b) B) Industrialization
c) C) Agricultural growth
d) D) Poverty level
e) E) None of these

206) Our country is having ----------- number of villages.


a) A) 625000 plus
b) B) 700000 plus
c) C) 800000 plus
d) D) 900000 plus
e) E) none of these

207) During nationalization, population per bank branch was 65000. Now the objective
is to bring the same per bank branch to ---------..
a) A) Less than 2000
b) B) Less than 5000
c) C) Less than 10000
d) D) Less than 15000
e) E) None of these

208) ______population of our country is having credit card facility.


a) A) 2%
b) B) 10%
c) C) 15%
d) D) 25%
e) E) None of these

209) In our country about 700 million mobile hand set users are there. Out of them -------- do not have bank access..
a) A) 15%
b) B) 30%
c) C) 50%
d) D) 75%
e) E) None of these

210) The measures initiated by Government of India and Reserve Bank of India (RBI)
under financial inclusion are.
a) A) Nationalization of Banks
b) B) Branch expansion through Lead Bank Scheme
c) C) Induction of RRBs and priority sector concept
d) D) All of these
e) E) None of these

211) Policy initiatives by RBI to attract people to Banking channel.


a) A) Introduction of No frill accounts
b) B) Simplification of KYC norms
c) C) Adoption of Business correspondents and Business facilitators
d) D) All of these
e) E) None of these

212) Major barrier(s) for financial inclusion.


a) A) Gender discrimination
b) B) Lack of legal identity
c) C) Illiteracy and distance factor
d) D) All of these
e) E) None of these

213) Financially excluded people are.


a) A) Small and marginal farmers
b) B) Landless laborers
c) C) Slum dwellers
d) D) All of these
e) E) None of these

214) Who is intermediate between bank and customer?.


a) A) Business Facilitator
b) B) Business correspondent
c) C) Both a) and b)
d) D) HHD
e) E) None of these

215) Biometric Smart cards and Hand Hold Devices are innovations for financial
inclusion to handle----------- mainly..
a) A) Illiterate customers
b) B) All customers
c) C) Rural customers
d) D) Urban customers
e) E) None of these

216) Popular financial inclusion products of our bank.


a) A) BSBDA accounts
b) B) Micro credit
c) C) Micro insurance
d) D) All of these
e) E) None of these

217) Our bank's initiatives under Financial Inclusion are.


a) A) Village Knowledge Centres (VKCs)
b) B) Financial Litereacy Centres(FLCs)
c) C) Rural Self Employment Training Institutes (RSETIs)
d) D) All of these
e) E) None of these

218) Our target group under Financial inclusion.


a) A) Milk pourers
b) B) MNREGA beneficiaries/Social Security and old age pensioners
c) C) Urban poors and other set of customers entitled for banking services
d) D) All of these
e) E) None of these

219) Our Bank is first in.


a) A) Branchless banking
b) B) ATM banking
c) C) Online banking
d) D) All of these
e) E) None of these

220) Which of the following statements is not true?.


a) A) BSBDA are demand deposits subject to number of restrictions as to the number of
withdrawals.
b) B) BSBDA are demand deposits without any restrictions as to the number of
withdrawals.
c) C) BSBDA is considered as a normal banking service available to all.
d) D) The aim of introducing BSBDA is a part of efforts of RBI for furthering FI objectives.
e) E) None of these

221) Minimum balance requirement for BSBDA account is :.


a) A) Rs. 100/b) B) Rs. 250/c) C) Rs. 500/d) D) No minimum balance requirement
e) E) None of these

222) As on 30.09.2015, the percentage of zero balance accounts in savings accounts


opened under PMJDY is.
a) A) 75
b) B) 42
c) C) 52
d) D) 62
e) E) None of these

223) Charges for availing the following services are to be levied from customers of
BSBDA accounts..
a) A) Issuance of ATM Card
b) B) Non operation/activation of inoperative account
c) C) Minimum balance charge
d) D) Cheque book charge
e) E) None of these

224) Accounts opened in which of the following schemes is not to be converted in


BSBDA scheme?.
a) A) SBFRL
b) B) SBNFL
c) C) SBPEN
d) D) SBZER
e) E) None of these

225) Which of the following condition is not applicable to BSBDS account?.


a) A) Small accounts can be opened without insisting on documentary proof of identity or
residence.
b) B) These accounts are primarily meant for people with small means and migratory
workers.
c) C) Total credits in such account should not exceed Rs. 50000/- a year.
d) D) Maximum balance in the account should not exceed Rs. 50000/- at any time.
e) E) None of these

226) Which of the following statements is correct in respect of BSBDS account?.


a) A) Total credits in such accounts should not exceed Rs. 100000/- in a year.
b) B) As a goodwill gesture foreign remittance can be credited to small account without any
formalities.
c) C) Small accounts are valid for a period of 24 months initially.
d) D) Validity of small accounts can be extended upto 36 months if the account holder
provides a document showing that he/she has applied for any of the officially valid document
(OVD).
e) E) None of these

227) Identify the wrong statement..


a) A) KYC is not mandatory for BSBD account.
b) B) BSBDS accounts can be opened purely on the basis of self attested photograph and
declaration on the account opening form.
c) C) There is no limit on deposit transactions and balance in BSBD accounts.
d) D) BSBD accounts can continue to be operated as long as customer desires.
e) E) None of these

228) Find the wrong statement..


a) A) Withdrawal/transfer in BSBDS account in a calendar month will not exceed Rs. 10000/b) B) BSBD accounts can be opened by NRIs/Trusts/Societies.
c) C) Any individual above the age of 10 can open BSBDA account.
d) D) Holder of BSBD account is not eligible for opening any other saving bank deposit in
the bank.
e) E) None of these

229) A clean overdraft of Rs. 5000/- after six months of satisfactory operation can be
extended to account holder of:.
a) A) BSBDS account
b) B) BSBDA account
c) C) Both of these
d) D) None of these
e) E) All of these

230) Quantum of clean overdraft in BSBDA account will be maximum:.


a) A) 4 times of monthly average balance for last six months
b) B) 50% of credit summations in account during the preceding 6 months.
c) C) Maximum Rs. 5000/d) D) Whichever is lower of (a), (b) or (c) above
e) E) None of these

231) Who is called as Union Kisan Mitra under Project Hariyali?.


a) A) Businesss Correspondent
b) B) Business facilitator
c) C) VKC In-charge
d) D) RDO of the Branch
e) E) None of these

232) Which of the following segment of customer is eligible for overdraft in BSBD
account?.
a) A) Minor
b) B) KCC/UGC/GCC borrower
c) C) Member of SHG/JLG or MFI
d) D) All of these
e) E) None of these

233) Which of the following statements is incorrect in respect of BSBDA accounts?.


a) A) ROI will be base rate + 2% or 12% whichever is less.
b) B) Interest to be charged on monthly basis.
c) C) Overdraft limit to be renewed once in 03 years with annual review.
d) D) Credit guarantee cover is up to 75% of amount default in PMJDY.
e) E) None of these

234) RBI has permitted simplified KYC norms in respect of accounts pertaining to:.
a) A) SBPEN
b) B) BSBDA
c) C) BSBDS
d) D) Both (b) and (c)
e) E) None of these

235) Accounts under PMJDY can be opened in which of the following schemes?.
a) A) SBGEN
b) B) BSBDA
c) C) BSBDS
d) D) Both (b) and (c)
e) E) None of these

236) Which of the following statements is incorrect?.


a) A) Overdraft facility of Rs. 5000 may be extended under PMJDY to only one member of a
family preferably lady member after satisfactory operation of 06 months in the account.
b) B) PMJDY account holders are entitled to zero balance bank account, personalized rupay
debit card and accidental insurance of cover of Rs. 100000.
c) C) Under PMJDY passbook is to be issued to all the accounts irrespective of zero balance
in the account.
d) D) All PMJDY accounts are eligible for life insurance cover of Rs. 30000 in addition
to accidental insurance cover of Rs. 500000.
e) E) None of these

237) Village Knowledge Centre (VKC) is also known as.


a) A) Village knowhow Centre
b) B) Krishi Gram Kendra
c) C) Krishi Gyan Kendra
d) D) Village Development Centre
e) E) None of these

238) Vision of Village Knowledge Centre (VKC) is.


a) A) Achieving inclusive growth by empowering rural community with information,
knowledge
b) B) access to better livelihood opportunities
c) C) Both A & B
d) D) Increasing profitability
e) E) None of these

239) Mission of Village Knowledge Centre (VKC) is.


a) A) Improving Agriculture
b) B) Community Development
c) C) Financial Inclusion
d) D) All of these
e) E) None of these

240) Mission of Village Knowledge Centre (VKC) for improving Agriculture is.
a) A) Imparting knowledge on new developments, improved methods of
cultivation /technologies in the field of agriculture
b) B) Dissemination of weather data and agro climatic conditions, latest information on
prices of agriculture produce to farmers
c) C) Imparting knowledge on diversification of Agriculture and developing farm-based
enterprises
d) D) All of these
e) E) None of these

241) Mission of Village Knowledge Centre (VKC) under Community Development is.
a) A) Giving lectures on spirituality and propagating religiousness
b) B) Disseminating information about various government sponsored schemes
c) C) Raising donations to distribute to poor and needy people
d) D) All of these
e) E) None of these

242) Mission of Village Knowledge Centre (VKC) under Financial Inclusion is.
a) A) Sanction of loans to needy poor
b) B) Conducting General Elections in the Village
c) C) Making command area villages as "100% Banking Habit Villages"
d) D) All of these
e) E) None of these

243) Services generally provided by VKC are.


a) A) Important headlines are gathered from different newspapers and written on a black
board and Books and magazines are maintained as a library
b) B) prices of various food grains etc. are informed to the farmers
c) C) Health camps are organized
d) D) All of these
e) E) None of these

244) Role of VKCs are.


a) A) Monitoring the activities under Union Adarsh Gram
b) B) To educate the farmers about latest technological progress
c) C) Overall implementation and monitoring of Financial Inclusion plan
d) D) All of these
e) E) None of these

245) A Model VKC is required.


a) A) To display separate name board in Hindi/English and local language
b) B) furniture items including Computer and Internet connection
c) C) Necessary publicity and reference material in respect of our various agriculture loan
products
d) D) All of these
e) E) None of these

246) To support activities of VKC, bank has provided an exclusive.


a) A) Vertical at Central Office headed by General Manager
b) B) Budget to spend operating and publicity expenses
c) C) Village Knowledge Center Portal through UBINET
d) D) All of these
e) E) None of these

247) Information available in VKC portal are.


a) A) Weather forecast & Market prices of agricultural commodities
b) B) Model bankable projects
c) C) Websites of state agriculture departments, agricultural institutes and Ministry of Rural
development
d) D) All of these
e) E) None of these

248) Important Infrastructure to be provided by RO for operating Village Knowledge


Centre (VKC) is.
a) A) Telephone connection
b) B) Mobile connection
c) C) Computer with internet connection
d) D) Air conditioned cabin
e) E) None of these

249) Union Adarsh gram is a unique scheme of Union bank of India to adopt a
backward village. Under this scheme which village can be adopted?.
a) A) Any village near by branch in rural area only
b) B) Any Village may be adopted by Rural or Semi urban branch.
c) C) Back ward village under command area of Rural or semi urban branch.
d) D) Backward village under command area of Rural Branch only.
e) E) None of these

250) How villages are selected to develop under "Union Adarsh Gram"?.
a) A) Village is selected on the basis of survey made by Regional Office.
b) B) Village is selected on the basis of survey made by LDM.
c) C) Village is selected on the basis of survey made by VKC/ Rural or Semi Urban
Branch.
d) D) Village is selected on the basis of survey made by a team deputed by RABD CO..
e) E) None of these

251) What is the objective of selecting Union Adarsh Gram?.


a) A) For Financial inclusion
b) B) To develop a backward village into a Model Village in the district.
c) C) To provide basic needs and employment under CSR of Union bank of India.
d) D) All of these
e) E) None of these

252) Who approves the proposal of Union Adarsh Gram?.


a) A) It is approved by BLBC
b) B) Approved by CO
c) C) Approved by corresponding RO
d) D) VKC takes approval from DLTC.
e) E) None of these

253) What is Gap Analysis for Union Adarsh Gram.?.


a) A) To know the gap which can be mitigated to make the villagers self sustainable.
b) B) To analyze basic needs required in the village to make it a model village
c) C) To know the gap required under financial inclusion.
d) D) All of these
e) E) None of these

254) What should be done for literacy of Villagers under Union Adarsh Gram Yozana?.
a) A) Union Adarsh Gram Yozana is for financial inclusion only.
b) B) Literacy should be increased by 100% both of children and adults.
c) C) Literacy means financial literacy only.
d) D) Banker should educate villagers on Sunday and Holiday or after banking hours.
e) E) None of these

255) What should be done by bank under Union Adarsh Gram for Health & Hygiene.
a) A) Bank to coordinate with PHC or local doctor and create awareness among people
about the benefits of cleanliness and hygiene
b) B) Health camps can be arranged for children, pregnant & nursing mothers and the aged
c) C) Both a) and b)
d) D) Bank is concern only with financial needs of the village
e) E) All of these

256) With respect to monitoring and review mechanism in Union Adarsh Gram which
of the following statements is/are true?.
a) A) The VKC in-charge and the branch Manager should visit at regular intervals and
ascertain the progress made in the ongoing projects of the village.
b) B) RO should be actively involved in these projects and report should be sent to RABD,
CO, Mumbai
c) C) Developments and requirements should be discussed in BLBC meetings about the
progress of work
d) D) All of these
e) E) none of these

257) Is there any provision under Union Adarsh Gram to adopt child from Village to
develop.
a) A) Yes, under Union Adarsh Gram bank has to adopt all children to make arrangement to
educate them up to 8th standard
b) B) No. there is no such type of scheme under union Adarsha Gram
c) C) Yes, to adopt a girl student per UAG for completion of education from 6th
standard to 12th standard
d) D) Yes, to adopt one girl and one boy student per UAG for completion of education from
1st standard to 10th standard
e) E) None of these

258) What is ceiling of expenses per adopted student to educate them?.


a) A) Rs. 3,500/- per child per year, for students in class 6th to class 8th & Rs.5,000/per child per year, for students from 9th standard to 12th standard
b) B) Bank reimburses School fees and cost of Books
c) C) Bank can reimburses School fees, cost of Books and cost of lap top up to Rs.
35000.00 after 10th
d) D) Bank only provide Education loan after 12th if child get more than 60% marks
e) E) None of these

259) What are the criteria of a model village to be developed by Union Adarsh Gram?.
a) A) The ideal village is the one, which is self-sufficient and self-sustaining in every aspect
b) B) The people should be living in harmony with nature and live peacefully with basic
amenities
c) C) BPL families should be zero
d) D) All of these
e) E) None of these

260) What is occupational pattern to be developed under Union Adarsh Gram.


a) A) Minimum of 100 days of work should be available to the family
b) B) Alternative avenues for employment should be available in the village
c) C) 100% financial inclusion
d) D) All of these
e) E) None of these

261) Maximum loan amount can be sanctioned under "Bhagya" scheme is _____..
a) A) Rs.3000/b) B) Rs.10000/c) C) Rs. 12000/d) D) Rs. 20000/e) E) None of these

262) The maximum repayment period under "Bhagya" scheme is ______..


a) A) 44 weekly installments
b) B) 36 weekly installments
c) C) 22 weekly installments
d) D) 11 weekly installments
e) E) None of these

263) Maximum loan amount can be sanctioned under " Saubhagya" scheme is _____..
a) A) Rs. 5000/b) B) Rs. 10000/c) C) Rs. 15000/d) D) Rs. 20000/e) E) None of these

264) The maximum repayment period under "Saubhagya" scheme is ______..


a) A) 44 Equated weekly installments
b) B) 33 Equated weekly installments
c) C) 22 Equated weekly installments
d) D) 11 Equated weekly installments
e) E) None of these

265) The maximum loan amount can be sanctioned under the scheme "Kalpataru" is
___..
a) A) Rs.10000/b) B) Rs. 20000/c) C) Rs.30000/d) D) Rs.40000/e) E) None of these

266) The maximum repayment period under "Kalpataru" scheme is ______..


a) A) 25 fortnightly installments
b) B) 50 fortnightly installments
c) C) 40 fortnightly installments
d) D) 55 fortnightly installments
e) E) None of these

267) Name the micro loan product for purchase of milch animals?.
a) A) Bhagya
b) B) Saubhagya
c) C) Kalpataru
d) D) Kamadenu
e) E) None of these

268) The maximum loan amount can be sanctioned under " Kamadenu" scheme is
____..
a) A) Rs. 50000/b) B) Rs.75000/c) C) Rs.100000/d) D) Rs. 125000/e) E) None of these

269) The maximum repayment period under the scheme " kamadenu" is _____..
a) A) 64 fortnightly installments
b) B) 70 fortnightly installments
c) C) 50 fortnightly installments
d) D) 70 weekly installments
e) E) None of these

270) The maximum loan amount can be sanctioned under "Pragati" scheme is _____..
a) A) Rs. 5000/b) B) Rs. 8000/c) C) Rs. 10000/d) D) Rs. 12000/e) E) None of these

271) The maximum repayment period under the scheme " Pragati" is _____..
a) A) 25 weekly installments
b) B) 50 weekly installments
c) C) 60 weekly installments
d) D) 75 weekly installments
e) E) None of these

272) Under which of the following micro credit product Joint liability Group over bio
metric smart card can be sanctioned loans?.
a) A) Pragati
b) B) Kalpataru
c) C) Project Hariyali
d) D) Bhagya
e) E) None of these

273) Under which project, financial literacy programmes and audio-visual projecting
bank's efforts in the space of financial inclusion beamed in selected rural branches
and Village Knowledge Cebtres?.
a) A) Project Hariyali
b) B) Union Chetana
c) C) Union Pragati
d) D) Union Progress
e) E) None of these

274) Our bank is operating in ___ lead districts..


a) A) 9
b) B) 11
c) C) 14
d) D) 21
e) E) None of these

275) As a part of our bank's publicity campaign on Financial Inclusion, banners,


pamphlets, DVDs, brochures are provided to field offices. The title of the campaign
was _____..
a) A) Swabhiman
b) B) Adhiyaman
c) C) Bhuddhiman
d) D) Pravinman
e) E) None of these

276) Name of E-bulletin released from Financial Inclusion Department is______..


a) A) Union Pragati
b) B) Union Samavesh
c) C) Union Anand
d) D) Union Santosh
e) E) None of these

277) Under "PMMY" scheme loan sanctioned upto Rs. 50000/- is to be controlled
under_____..
a) A) Shishu
b) B) Kishore
c) C) Tarun
d) D) Sundar
e) E) None of these

278) Under "PMMY" scheme loan of more than Rs. 50000/- and upto Rs. 5.00 lacs is to
be controlled under ________..
a) A) Shishu
b) B) Kishore
c) C) Tarun
d) D) Sundar
e) E) None of these

279) Under "PMMY" scheme loan of more than Rs. 5.00 lacs and up to Rs. 10.00 lacs is
to be controlled under ______..
a) A) Shishu
b) B) Kishore
c) C) Tarun
d) D) SUndar
e) E) None of these

280) All the loans sanctioned under "PMMY" are to be labelled as ______..
a) A) PMMY
b) B) UBIMY
c) C) UBIPMMY
d) D) PMMY-Union Bank
e) E) None of these

281) Name the menu in finacle to view the details of financial inclusion customers
based on their smart card number?.
a) A) URNRPT
b) B) SCNRPT
c) C) FIRPT
d) D) RPTFI
e) E) None of these

282) Name the chairman of a committee formed by RBI with the objective of working
out a medium -term (five year) measurable action plan for financial inclusion in the
month of July 2015..
a) A) Shri Deepak Mohanty
b) B) Shri Raghuram Rajan
c) C) Shri S S Mundra
d) D) Shri Narendra Modi
e) E) None of these

283) What is minimum and maximum age of customers for availing the benefit under
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?.
a) A) 18-45 years
b) B) 18 - 50 years
c) C) 18- 55 years
d) D) 18-60 years
e) E) None of these

284) What is the premium rate under Pradhan Mantri Jeevan Jyoti Bima Yojana
(PMJJBY)?.
a) A) Rs. 430/- + service tax
b) B) Rs. 12/- + service tax
c) C) Rs. 330/- + service tax
d) D) Rs. 3300/- + service tax
e) E) None of these

285) What is the minimum and maximum age of customers for availing benefit under
Pradhan mantri Suraksha Bima Yojana (PMSBY)?.
a) A) 18-50 years
b) B) 18-60 years
c) C) 18-55 years
d) D) 18-70 years
e) E) None of these

286) What is the premium rate under Pradhan mantri Suraksha Bima Yojana
(PMSBY)?.
a) A) Rs. 430/- + service tax
b) B) Rs. 12/- + service tax
c) C) Rs. 330/- + service tax
d) D) Rs. 3300/- + service tax
e) E) None of these

287) Under Pradhan mantri Suraksha Bima Yojana (PMSBY) what will be the coverage
in case of irrecoverable loss of sight of one eye or loss of use of one hand or foot?.
a) A) Rs. 1 lakh
b) B) Rs. 2 lakh
c) C) Rs. 3 lakh
d) D) Rs. 4 lakh
e) E) None of these

288) Under Pradhan mantri Suraksha Bima Yojana (PMSBY) what will be the coverage
of benefits in case, total and irrecoverable loss of both the eyes or loss of use of both
hands and feet?.
a) A) Rs. 1.00 lakh
b) B) Rs. 2.00 lakh
c) C) Rs. 3.00 lakh
d) D) Rs. 4.00 lakh
e) E) None of these

289) What will the coverage of benefits under Pradhan mantri Suraksha Bima Yojana
(PMSBY) in case of death?.
a) A) Rs. 1.00 lakh
b) B) Rs. 2.00 lakh
c) C) Rs. 3.00 lakh
d) D) Rs. 4.00 lakh
e) E) None of these

290) Maximum loan can be sanctioned under "Union Shakti" scheme is _____..
a) A) Rs. 5000/b) B) Rs. 10000/c) C) Rs. 15000/d) D) Rs. 20000/e) E) None of these

291) The minimum and maximum age eligible to avail finance under "Union Shakti"
scheme is ________..
a) A) 18-55 years
b) B) 18 - 59 years
c) C) 18-60 years
d) D) 18-70 years
e) E) None of these

292) Loan sanctioned under "Union Shakti" is to be opened under _____scheme


code..
a) A) ODGCC
b) B) ODGEN
c) C) ODSHAKTI
d) D) ODSHG
e) E) None of these

293) Interest Table code for the loans sanctioned under "Union Shakti" is _____..
a) A) USHAK
b) B) SHAKTI
c) C) ODSHAKTI
d) D) SHAKU
e) E) None of these

294) Labelling of ______ is to be done for all accounts sanctioned under "Union
Shakti" Scheme..
a) A) Union Shak
b) B) Union Shakti
c) C) Shak union
d) D) Shakti Union
e) E) None of these

295) What is project Hariyali?.


a) A) Appointment of Union Kisan Mitra as business facilitator with increased remuneration
b) B) Additional touch point for the bank to reach out to the farmers
c) C) Model linked to RDO with focused emphasis on Agriculture
d) D) All of these
e) E) None of these

296) Term loan of Rs. 15000/- sanctioned to Business Correspondent (BC) agent for
purchase of Hand Held Device will come under the scheme of ______..
a) A) Union Shakti
b) B) Union Bandhu
c) C) Project Hariyali
d) D) Union Progress
e) E) None of these

297) Name the chairman of committee on Financial Inclusion constituted by


Government of India in June 2006?.
a) A) Dr. C Rangarajan
b) B) Smt. Usha Thorat
c) C) Shri urgit Patel
d) D) Shri H R Khan
e) E) None of these

298) The Fortune at the bottom of the pyramid- Eradicating poverty through profits is
written by ______..
a) A) Vikram Seth
b) B) D T Pai
c) C) C K Prahalad
d) D) Jawaharlal Nehru
e) E) None of these

299) Father of Micro credit _______..


a) A) Muhammed Yunus
b) B) Mahtma Gandhi
c) C) Indhira Gandhi
d) D) Jawaharlal Nehru
e) E) None of these

300) Who said " India Lives in her villages"?.


a) A) Indhira Gandhi
b) B) Jawaharlal Nehru
c) C) Sardar Vallabai patel
d) D) Mahatma Gandhi
e) E) None of these