Multiple Choice questions based on recent circulars

1. Drafts issued by the Exchange Houses (Rupee Vostro Drawing Account) will be paid by
debit
a. ISBM b. FD, Kolkatta c. Mumbai Main Branch d. Payee Branch only

2. Periodicity for reconciliation of 98549bbbbbc with the physical cash and admin balance /
counter balance is
a. Monthly b. Daily c. Qtly d. Yly e. Hly

3. Working Capital Loan sanctioned under TEL scheme is valid for ……. months.
a. 36 b. 12 c. 24 d. None of the above

4. In TEL at the time of renewal/review, if the borrower is not in a position to repay the
excess amount in 90 days, the excess amount would be carved out as a demand loan and may
be allowed to be repaid within a maximum of ………… monthly installments.
a. 6 b. 12 c. 24 d. 36 e. none of the above

5. Under SBI Scholar Scheme maximum loan amount can be sanctioned: Rs…..lacs
a. 7.5 lacs b. 10 lacs c. 15 lacs d. no limit

6. SBI Scholar loan is sanctioned in the name of

a. Student only b. Guardian only c. Both Student & Guardian d. None of the above

7. Online opening of account through INB without manual intervention is available for
a. TD only b. STD only c. TD/STD/RD d. TD/STD e. any account

8. When a deposit is made in the PPF account by means of a local cheque or demand draft by
the subscriber, the date of deposit of the amount will be ……..
a. Date of deposit of cheque/draft
b. No cheque/draft of other branches is accepted now
c. Date of realization of cheque/draft

9. Term Deposit can be issued for the minimum period of ……………

a. 7 days b. 15 days c. 46 days d. 91 days

10. A minimum deposit of Rs…….. comes under bulk deposit.

a. 50 lac b. 100 lacs c. 10 lacs d. 10 Crore

11. Bulk deposit may be accepted for ……… period.

a. upto 1 yr b. no restriction c. 7-14 days d. min. 15 days

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 Multiple Choice questions based on recent circulars

12. Which of the following statement is NOT true regarding e-TDR/STDR

a. This is facility for online opening of TDRs/STDRs through internet Banking Channel is
available for retail Internet Banking customers
b. Senior citizens (Public and staff) will not be able to avail of this since additional rate of
interest payable is not available in eTDR/eSTDR
c. Benefit of staff rate will be available only if the debit from the account is opened in
staff category.
d. None of the above

13. A term deposit receipt of Rs. 1 lac is issued to an illiterate depositor for 10 yrs. His
photograph should be renewed after
a. 3 yrs b. 5 yrs c. 7 yrs d. no need for renewal of photograph

14. Which of the following statement is NOT true regarding Floating Rate Term Deposit?
a. FRTD would be offered in only three tenors- 1, 3, & 5 yrs
b. Interest to be paid on premature withdrawal of term deposits at 1.00% below the Term
Deposit rate applicable for the period deposit has remained with the Bank.
c. A minor alone, cannot open as the maturity amount cannot be determined at the time of
opening.
d. None of the above

15. Whenever a teller does not log into the system for……………… days period defined at the
institutional level, the system would inactivate the teller.
a. 10 b. 15 c. 20 d. 30

16. Group insurance scheme “Sampoorn Surksha Term Plan” provides insurance cover to
a. Employees only b. Depositors only c. Borrowers only d. All the above

17. Post-dated cheques should be obtained for Agricultural Term Loans and Government
Sponsored Schemes loan sanctioned beyond Rs. …… lacs under Agricultural Term Loans.
a. 1 b. 2 c. 3 d. 5

18. ……… can open PPF account on behalf of his/her minor son.
a. Either father or mother b. father only c. Mother only d. both father & mother

19. The new account opening form is ……………….

a. Monolingual b. Bilingual c. Trilingual d. No such restrictions

20. W.e.f. 01.04.2010 if any person whose income is subjected to TDS under the provisions
of Income Tax Act, fails to furnish his Permanent Account Number (PAN) to the deductor,
tax shall be deducted at the rate mentioned in the relevant provisions of the Act or at the
rate in force or at the rate of ………%, whichever is higher.
a. 10 b. 20 c. 30 d. none of the above

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 Multiple Choice questions based on recent circulars

21. In terms of Industrial Disputes Act, 1947 GOI has declared banking industry as
a. Public Utility Service b. Public Emergency Service
c. Customer Service d. Industrial Service

22. The award staff member who are affected by serious ailments will be exempted from
transfer out-of-centre. The powers of such exemption were vested with
a. AGM of the region b. AGM (admin) of concern A O c. GM of network d. CGM

23. Unsecured exposures in respect of infrastructure lending identified as sub-standard

will attract a provision of……………%
a. 10% b. 15% c. 20% d. 25%

24. Interest subvention to farmers is provided for short term crop loan up to Rs……lacs
a. 1 b. 2 c. 3 d. 5

25. Daily transaction limit for MBS under USSD facility is Rs……..
a. 1,000 b. 2000 c. 5,000 d. 50,000

26. Processing charge for loan of Rs. 25,000 under P-seg against gold ornament is
a. 1% of loan amount min. Rs.1000 b. 1% of loan amount min. Rs.500
c. Rs. 1,000 per application d. Rs. 500 per application

27. Branches are permitted to sell foreign exchange in the form of foreign currency notes
and coins, up to USD ………. or its equivalent, to the travellers proceeding to countries other
than Iraq, Libya, Islamic Republic of Iran, Russian Federation and other Republics of
Commonwealth of Independent States.
a. 1000 b. 2000 c. 3000 d. 5000

28. SME Construction Equipment Loan may be provided to

a. Construction activity only b. Mining activity only
c. any of the above d. None of the above

29. Maximum loan amount may be provided under SBI Reality is Rs.
a. 1 Cr b. 5 Cr. C. 10 Cr d. No limit

30. Maximum amount of application money can be financed under SBI Earnest
Money Deposit Scheme is
a. 75 % b. 90 % c. 100 % d. None of the above

31. Mr. A maintaining one RD account for Rs. 1000 for 36 months. He comes
after 25 months & wants to convert this account into STDR account. What will
be rate of penalty on interest?
a. 1% b. 2% c. nil d. None of the above

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 Multiple Choice questions based on recent circulars

32. Validity of Gift Card is ….. yrs.

a. 1 Yrs b. 2 Yrs c. 3 Yrs d. no limit

33. Gift Card can be used at……….

a. POS only b. ATM only c. any of the above d. None of the above

34. Ceiling of Home Loan under SBI MaxGain Scheme is Rs……

a. 30 lacs b. 40 lacs c. 50 lacs d. no ceiling

35. What will be the rate of Tax for income Rs. 1, 80,000 of a lady employee working in your
Branch?
a. 10% b. 20% c. 15% d. None of the above

36. Facility of TDR for Girl Child, however, is available for …… years as a special scheme for
the receiving contribution/grant of State Government or other Govt. bodies in the name of
newly born girl child.
a. 5 b. 8 c. 10 d. 18

37. The maximum age limit of a Home Loan borrower by which loan should be repaid is
a. 65 yrs b. 70 yrs c. 75 yrs d. none of the above

38. Maximum number of borrower in a Home Loan should be………. However

AGM(Region)/Branch may can relax maximum number of co-borrowers.
a. 2 b. 3 c. 4 d. 5

39. 1st August is celebrated as

a. Computer Day b. KYC Compliance & fraud prevention day
c. Anti-virus day d. Customer Fulfillment Day

40. For car loan annual income of borrower/co-borrower should be Rs.

a. 75,000 b. 1,00,000 c. no income criteria d. none of the above

41. Xpress Credit may be disbursed through ………..facility

a. DL only b. DL/TL only c. DL/TL/OD only d. DL/OD only

42. Maximum Loan can be sanctioned under Xpress Credit Scheme is……
a. 10 lacs b. 15 lacs c. 20 lacs d. no limit

43. In Xpress Credit Scheme if check-off is available EMI/NMI ratio should not exceed
a. 40% b. 50% c. 60% d. 55%

44. Risk categorization under KYC should be reviewed at least once in ……… months.
a. 6 b. 12 c. 24 d. 36

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 Multiple Choice questions based on recent circulars

45. One instrument of Rs. 1 lac sent for collection at outstation rural branch of PNB, the
maximum commission can be charged by PNB in terms of RBI instructions is Rs.
a. 50% of actual commission plus out of pocket expenses
b. Not exceeding Rs. 100 per instrument plus out of pocket expenses
c. Not exceeding Rs. 50 per instrument
d. Not exceeding Rs. 100 per instrument

46. As per latest CRA model Hurdle Rate for a loan is

a. SB-9 b. SB-10 c. either a or b d. none of the above

47. Car-A-Branch campaign has been launched by targeting 3,00,000 car financing during FY
2010-11, which of the following is NOT the feature of campaign.
a. It is expected that more CASA accounts are opened during the period. The car loan
borrowers need to be persuaded to open Savings/current account with us.
b. The other cross selling products like Life Insurance, Mutual Fund business and Credit
Card business need to be canvassed during the period.
c. all the above
d. none of the above

48. RBI has now decided to consider applications from corporate in the Hotel, Hospital and
Software sectors to avail of ECB beyond USD …… million under the Approval Route, for
foreign currency and / or Rupee capital expenditure for permissible end-uses provided the
proceeds of the ECB should not be used for acquisition of land.
a. 10 b. 50 c. 100 d. none of the above

49. Which among the following is NOT empanelled credit rating agency by the National
Small Industries Corporation Ltd. (NSIC-a Govt. of India Enterprises) for rating of SSI
units?
a. ONICRA & SMERA
b. FITCH & ICRA
c. CARE & CRISIL
d. none of the above

50. As per the payment of Bonus Act, 1965, Payment of Bonus (Amendment) Ordinance 1995
and Ordinance 2007, bonus can be paid to the employee whose salary/wages is not
exceeding Rs……per mensem.
a. 5,000 b. 10,000 c. 15,000 d. none of the above

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 Multiple Choice questions based on recent circulars

ANSWER

1 a 11 c 21 a 31 c 41 b
2 b 12 d 22 c 32 c 42 b
3 c 13 a 23 b 33 a 43 b
4 d 14 c 24 c 34 c 44 a
5 c 15 b 25 a 35 d 45 c
6 c 16 a 26 d 36 d 46 b
7 d 17 b 27 c 37 b 47 d
8 c 18 a 28 c 38 b 48 c
9 b 19 a 29 c 39 b 49 d
10 b 20 b 30 c 40 b 50 b

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