1554382617CA Final Audit MCQ Booklet

The Success 2019
A Collection of Frequently asked question in different Banking

Examinations..
Arvind Kumar
CM ,Faculty, STC Kolkata
Compiled by Arvind Kumar, CM, STC Kolkata

( Please Update before Exam)
RBI Policy Rates

Bank rate – 6.75% ( 02/08/2018)
CRR – 4% ( 25/02/2013), SLR – 19.50 now
19.25%( 5th Jan2019)
Repo rate 6.50% ( 02/08/2018)
Reverse 6.25% ( 02/08/2018)
Repo
MCLR 8.65% ( 1 Year )

1. What is FMR-1 Report ? : IN case of frauds of Rs. 1.00 Lakhs and above, banks
to submit a report in form FMR-1, within 3 weeks of their detection.
2. As pre recent guideline of RBI, Agriculture Loan without any margin and
collateral security extended to : Rs. 1.60 Lakhs
3. When Ombudsman’s award is accepted by the customer, the bank is to

implement the award within : 30 Days
4. Why KYC/AML guidelines are required? : To prevent banks from being used
intentionally or unintentionally by criminal elements for money laundering,
Money Laundering or terrorist financial activity and it enables bank to
understand that customer and its financial dealing in better way.
5. One Time Policy Guideline on MSME restructuring is applicable up to maximum

amount of Rs. ________? : 25 Crore
6. What Is Brown Label Atm?:It refers to the ATMs where investment, installation
and maintenance is by a private operator but the license and branding is by a
commercial bank.
7. The Maximum age of of a Managing Director of a Banking company can be

_________ years ? : 70
8. What are the type of accounts eligible for Sale to ARC ? : All NPA accounts
excluding Fraud Reported Malfeasance accounts, All SMA – 2 Accounts,
Accounts referred / admitted / ordered for liquidation under IBC2016/NCLT
accounts and where Banks have sold & we are minority lender
9. Recently RBI has imposed a total penalty of Rs. 11 Crores on Karnataka Bank,
United Bank, IOB & Karur Vaishya Bank due to : Violation of guidelines related
to SWIFT Massage.
10. Corporate Debt Restructure system is not applicable for : Single lender
accounts
11. What are the main sources of working capital ? : Credit available on purchases,
Short Term Borrowing, Surplus of Long Term fund over long term uses, short
term borrowing from Banks etc.
12. IMPS facility can be accessed through : ATM, Net Banking & Mobile Banking
13. A tells B that he offers to sell his car for Rs. 50,000/. But B replies “I
will purchase it for Rs. 45,000/. Is there any contract? Why if yes or no? : B has
only made a counter offer and not accepted the offer of A. Hence there is no
contract as no consensus ad idem

14. As per Bank’s recent guidelines Credit card Application can be processed
through : CAPS
15. In case of Housing Loan the term and condition to accept alternate security in
lieu of Mortgage is _____? : NSC/TDR of face value min 110% of Loan or Other
than NSC/TDR 125% of Loan
16. If a firm realizes book debts in cash, then the effect on Current Assets, Quick
Ratio, Current Ratio or Net working capital ___? No Change
17. A doctor wishes to avail personal loan under Star Doctor Plus scheme for
further studies, as per exiting Bank’s guidelines, is it possible ? : No, However
for further studies, Star Education Loan is available .
18. Maximum limit for construction of House under Star Home Loan at other than
metro ? 300 Lakhs
19. If a pledged goods to Bank are damaged , then what happens ? : If Bank had
taken adequate care, bank not liable and if Bank was negligent, Bank is liable .
20. Real Time Gross settlement system takes care of which risk : Systemic risk and
settlement risk
21. What are the functions of CKYCR ? :Retrieving KYC documents when needed
22. What is Flash Report in Banking ? : When a fraud of Rs. 5.00 crore and above
occurs in a Bank then within 7 days this report to be sent to RBI.
23. Loan assets are classified by the banks on the basis of : By status of security
(Primary + Collaterals )
24. All SANJIVANI SCHEME compromise proposals up to Rs. 50.00 Lakhs to be

disposed off : At Branch level of any scale
25. What are the key elements of KYC policy of RBI? : Customer Acceptance
Policy, Customer Identification , Monitoring of Transactions and Risk
Management
26. Minimum Size of Housing Loan under Star Home Loan for Metro and Urban
area? : 1.00 Lakh
27. Maximum finance for Indian 2 wheeler under BOI Star Autofin scheme is : Rs.
50 Lakhs
28. What is the subscription amount in PPF account annually? : Min 500/- Max
1,50,000/- per FY ( w.e.f. 01/04/2014)

29. In a foreign exchange transaction, a customer is to deliver foreign exchange
notes and to receive the Indian Rupee. Such transaction, for Bank called as
_________ on which _______ rate would be applied : A buying transaction &
forward rate
30. Under SARFAESI Act 2002 the banks give notice for payment of due amount to
the borrower / owner of charged assets within _____ days, otherwise action will
be initiated u/s 13(2) of the Act : 60 days
31. The minimum & maximum period of certificate of deposit is : 7 days, 12 months
32. In the recent ESPS scheme, why our staff has been permitted to take advance
from other Bank’s for purchase of Bank Of India shares ? : Because as per Sec
20(A) of banking regulation Act, Banks are not permitted to sanction any loan or
advance on the security of their own shares or for the purchase of own share.
33. The charge on movable assets without possession to be creted in charge

known as _____? : Hypothecation
34. What is FMR – 2 report in Banking ? : This is a quarterly report of all the fraud
occurs in bank. This report to be submitted to RBI within 15 days of the end of
the quarter.
35. A customer has requested to get returned the paid cheque , as a Banker what to
do ? : As per Banking regulation act Sec 45Z, customer may get the paid
cheque returned at their request, but true copies of all such instrument must be
kept in possession. Copies can also be kept on electronic device.
36. A PPF account is opened on behalf of a minor, what will be nomination status in
this account ? : No Nomination in Minor’s account
37. Under New Star Sanjeevani Scheme, For Accounts under asset code 40 (LOSS
ASSETS), Min. acceptable amount : 10% of Ledger Outstanding
38. An equitable mortgage has been created in favor of Bank “A” on February 01,
2019, which has not been registered, where as a simple mortgage was created
in favor of bank “B” on January 28, 2019 but it was registered on February 11,
2019. The priority of charge would be of ______? : Bank “B” because, its
mortgage has been created first
39. Banks print cheque books having similar particulars. The format of cheque is
prescribed by which Act : It is a practice
40. Which crossing takes away the feature of assumption of defective free title
available to the transferee : Not negotiable

41. For Restructuring of MSME accounts under one time OTS policy, the account
should be standard as on ________? : 01/01/2019
42. Listed Banks are required to publish quarterly results as per the directives of : ?
SEBI
43. What is FMR – 3 report in Banking ? : This is a quarterly report in form of FMR-
3 on the progress made during the quarter with respect to each fraud
outstanding. This report is submitted within 15 days of the end of the quarter.
44. What is consumer bank? : Consumer bank is a new addition in the banking
sector, such bank exist only in countries like U.S.A and Germany. This bank
provides loans to their customer to buy T.V, Car, furniture etc. and give the
option of easy payment through installment.
45. If the current address of a customer is different from the address recorded in
the OVD, what to do ? : Customer has to submit separate proof for current
address
46. A company is having immoveable property in Bangalore, its registered office is

in Chennai and the Company is willing to avail Bank Limits in Mumbai. Where
the equitable mortgage will be created ? : Chennai & Mumbai as Bangalore is
not stated to be a notified place.
47. Bearer uncrossed cheque can be paid to whom : To the bearer
48. M a minor wanted to become a partner of a firm. Out of partners A

is managing partner, B& C are other partners. A did not give his consent.
Whether M can be admitted to benefits of partnership? : Consent of every
partner requires to include partner, even for the benefit of partnership.
49. In PMRY, what is the income criteria for borrower’s family and borrower’s
parents : Annual income from all sources should not exceed Rs.1 lac, each,
separately
50. A customer want to open PPF account with his wife jointly, what are the present
guidelines ? : No Joint account in PPF account
51. Under New Star Sanjeevani Scheme, What is amount of APPLICATION MONEY?
10% of Ledger Outstanding.
52. A risk weight of 20% is to be assigned to all loans and advances granted by the
banks to their own employees : Where the loans are secured by superannuation
benefits or mortgages
53. The increasing foreign exchange reserves in India are costly because :Funds
are idle and there is fluctuation risk
54. Who is appointed to tackle public complaints against the public authorities :
Ombudsman
55. As per RBI Guideline for PCA – 2 Criteria , the Net NPA of Bank should be
______ ? : 9% to 12%
56. What is NOSTRO Account ? A bank’s account abroad with another bank
57. In case the address furnished in the proof of address undergoes a change, what
does the KYC Policy stipulate ? : Fresh proof address is to be submitted within
a period of six months
58. The main function of ALM is : To improve Net Interest Margin (NIM).
59. As per Basel III, the CRAR of Tier I should be: 7%.
60. The negotiation process of compromise or OTS should be considered on the

basis of _______ ? : Age of NPA, Strength of documents and delegation &
Condition of borrower.
61. A legal search report for a landed property is insisted upon at least for ______
Years ? : 30 Years
62. What is ‘balloon payment’? : The ‘balloon payment’ is the final lump sum payment
that is due. When the entire loan payment is not amortized over the life of the loan,
the remaining balance is due as the final repayment to the lender. Balloon payment
can occur within an adjustable rate or fixed rate mortgage
63. A branch has reported a fraud of Rs.15,000/- in a account, to whom to be reported ?

: Branch to give FIR to local police station.
64. Unused STAR REWARDZ points will expire after – 36 Months
65. Who is authorized to act as and perform the functions of CKYCR ? : CERSAI
66. For any Unit’s financial, Loss is categorized under ______? Intangible Assets
67. G1 & G2 are guarantors for a loan. Bank releases G1 from the
liability. G2 claims that he is not responsible for the loan any more due to the
act of the bank. In the circumstances what are the legal position of both Bank
and guarantors ? : Release of G1 does not release G2 as his liability is separate
and several and also G1 will be liable to G2.

68. Under revised Sanjeevani scheme , the TAT fixed for disposing
such compromise offer ?: To be disposed off within 30 Working days from
application Date
69. STAR SANJIBANI SCHEME (Revised 2018) is valid for _____? : NPA
accounts under Doubtful & Loss category only
70. The guarantors can also be declared willful defaulter by banks due to the legal
provisions as contained in: Section 128 of The Indian Contract Act 1872
71. A bank purchased more foreign currency than it sold during a particular day.
The situation would be known as: Long Position
72. A&B have joint a/c. They give power of attorney to C to operate their a/c. You
received information about B’s death. You receive a cheque signed by C. What
you will do? : Return cheque as after the death power of attorney has been
cancelled
73. For STAR SANJIVANI SCHEME eligibility purpose Asset code as

on___________to be considered as on dated ________? : 31/03/2018
74. As per our Dec 2018 result, Net NPA of our Bank is ____% : 5.87
75. What is the lending target in priority sector for micro enterprises: 7.5% of ANBC
76. In the beginning of the financial year, the capital of a firm was Rs.24000. The
firm earned a profit of Rs.4500 and paid tax at 20%.The partners also withdrawn
Rs.1500. What is the closing balance in the capital account. : 26,100/-
77. The payment of a cheque is made by a bank, without receiving the physical
cheque from collecting bank, on the basis of electronic image, by using which
of the following system: CTS
78. A personal loan has been sanctioned by our Bank without obtaining any security
and the borrower fails to repay the loan which became sub-standard during
January 2015 with O/S Rs. 2.00 Lakh. What will be the amount of provision as on
Mar 31, 2018: Full amount 2.00 Lakhs
79. Under Sanjeevani scheme for Accounts under asset code 40 (LOSS ASSETS),
Min. acceptable amount is _______? : 10% of Ledger Outstanding
80. On, other than a negotiable instrument, what is the time period for payment of
stamp duty, if the document is executed outside India: 3 months
81. Presently, under LRS, of FOREX, Authorized Dealers may freely allow
remittances by resident individuals up to US$ _____: 2,50,000
82. Within priority sector, a retail trader other than in essential commodities can be
allowed an advance up to : Rs.20 lac
83. Under CGTMSE , is it possible to cover a credit facilities, which have already
become NPA? No
84. Branches should not open deposit/advances accounts of banned/terrorist

organization as circulated by : FIU
85. Current ratio is 2.5, current liability is Rs. 30,000. The net working capital
is____? Rs. 45,000/-
86. In respect of document signed jointly and severally, the Bank can seek recourse
in the court against whom ______? : All, Any One & all separately.
87. What are the functions of CKYCR ? : Receiving ,Storing , Safe guarding and
retrieving KYC records in digital form
88. A branch has reported a fraud of Rs. 5 Lakhs in a account, to whom to be

reported ? : ZO to State CID/ Economic Offence wing
89. Under Sanjeevani scheme, Compromise amount for accounts under Asset
Code 31 (D - 1), up to O/s. Rs.2.00 lacs is ______? : 40% of Ledger Outstanding
90. FCNR (B) deposit can be accepted by banks in ____ currencies : 6
91. What is negative Amortization?:When repayment of the loan is less than the
loans accumulated interest, then negative Amortization occurs. It will increase
the loan amount instead of decreasing it. It is also known as ‘deferred interest’.
92. May I help you counter is to be provided by bank branches other than : Small
branches
93. A document is signed by the borrower in Bengali ( Vernacular language). Is

there any need of any specific document so as not to face any problem later on :
A letter from the borrower in vernacular language that he understood the
contents of documents when explained to him and then signed
94. Interest subvention on SME exporters is available to the extent of : 2%
95. A firm is allowed a limit of Rs.1.40 lac at 30% margin. It wants to avail the limit
fully. How much will be the value of security : Rs.2 lac
96. Statutory Liquidity Ratio provisions for banks are as per Section _____ of _____
: 24, Banking Regulation Act 1949

97. Under Sanjeevani scheme, compromise amount for r accounts under Asset
Code 31 (D - 1), O/s. from Rs.2.00 lacs to Rs.10.00 lacs ______? : 45% of Ledger
Outstanding
98. Gift Card can be issued up to Maximum amount of Rs._____/- 10,000/-
99. Who will signed documents on behalf of the company while raising a loan ? :
Official authorized by Board of Directors through resolution
100.What is ‘Loan grading’? :The classification of loan based on various risks and
parameters like repayment risk, borrower’s credit history etc. is known as ‘loan
grading’. This system places loan on one to six categories, based on the stability
and risk associated with the loan.
101. In a Balance Sheet amount of total assets is Rs. 10 lac, current liabilities
Rs. 5 lac and capital and reserves Rs. 2 lac. What is debt equity ratio as per
Bank’s credit policy ?: 5
102. What are the main Document to be scanned and uploaded for CKYCR ?
: Proof of Identity , Proof of Address , Cropped up Signature and Photograph
103. What is the maximum loan that can be allowed to a dealer in cattle feed /
poultry feed, within priority sector : Rs.40 lac
104. An NRI can open a joint account with a resident in case of ___ accounts :
Non-resident Ordinary.
105. Under Sanjeevani scheme, what is the amount of UPFRONT MONEY? :

10% of Compromise amount including application money
106. Maximum punishment by way of imprisonment for the offence committed

under ML act & also involved under Narcotic Act ? 10 Years
107. A customer approaches the bank for opening an account .Bank finds
that a customer's name differs from the OVD submitted because of marriage .
Whether bank can open the account /what are the provisions available under the
policy? : A copy of marriage certificate issued by the State Government,
Gazetted notification indicating the change in name, Copy of OVD stipulated .
108. What type of charge is applicable on loan against term deposits in a

bank : Assignment
109. Under Sanjeevani scheme, compromise amount for accounts under

Asset Code 31 (D - 1), O/s. from Rs.10.00 lacs to Rs.50.00 lacs ________? : 55%
of Ledger outstanding
110. RBI keeps on changing repo / reverse repo rate / CRR with the objective
of : Regulation of liquidity to control inflation
111. In any balance sheet , the security deposits made against connection of
telephone or electricity is categorized under : Non Current Asset
112. A Branch has reported a fraud of Rs. 3.00 crore in a account, to whom to
be reported ? : To CBI
113. Garnishee Order is not applicable on : Un-used cash credit or overdraft

limit
114. Under new Sanjeevani scheme what are the Categories of NPA accounts
clubbed in one brackets : All CGTMSE covered accounts , Education Loan (Up
to Rs.7.50 lacs)& Agriculture accounts including KCC
115. What is ‘Credit-Netting’ in Banking? :A system to reduce the number of

credit checks on financial transaction is known as credit-netting. Such
agreement occurs normally between large banks and other financial
institutions. It places all the future and current transaction into one agreement,
removing the need for credit cheques on each transaction.
116. What is the periodicity for submission of R-Returns to RBI : Fortnightly
117. Under I-Macs rating system for SBS rating , the risk domains with their
weightages under Management is _______% : 40%
118. If a document has to be executed in different states and it attracts stamp

duty as per State Stamp Act then how the proper stamping to be done ? : It the
duty in 1st state is higher, no duty is required to be paid in the other state but if
the duty in the 1st state is lower additional stamp duty has to be paid, in the
other state
119. The RVS of an NPA account with ledger O/S 2.00 lakhs is Rs. 10.00
lakhs. This account is categorized under asset code 33 since last 1 year. What
will be the provision amount in this account? : 100%
120. The facility of nomination is not available to Trust account because it is

_____ account : Non-individual
121. What is repayment period allowed modified SANJIVANI SCHEME ? : 90

days from the date of conveying approval
122. Banks are required to make provision on standard assets at the rate of
0.25% on ____ & ____ accounts : Direct agriculture and SME.
123.What is Line of credit in Banking? :Line of credit is an agreement or

arrangement between the bank and a borrower, to provide a certain amount of
loans on borrower’s demand. The borrower can withdraw the amount at any
moment of time and pay the interest only on the amount withdrawn.
124. A person wants to open an account which his wife should be able to
operate only after his death. What type of account he should open : Former or
survivor
125. In B region, the reply to letters in Hindi is to be given to the extent of

____ % : 100%
126. Within priority sector target of 40% of ANBC or CEOBE, whichever is

higher, the sub-target for weaker section is : 25%
127. Advances given for short duration crop purpose will be treated as NPA if
interest and / or installment remain overdue for ___________.: Two crop
season
128. Under New Star Sanjeevani scheme What Authority will exercise power
at Branch Level________ ? : Branch Manager of any scale
129. If loan is given by a rural branch(not a notified area) and property given
as security is situate at Mumbai (notified area) and borrower is a resident of
Bangalore (notified area) Equitable mortgage can be created at ________?:
Either Bangalore or Mumbai or any other notified place near the branch where
another branch of bank is situate
130. What is NPA provision % of asset code Doubtful (32) _____ ? : 40% of
RVS + 100% of short fall
131. What is the Time Frame for Collection of cheques : State Capital : 7 days.
Major cities : 10 days. Other places : 14 days. For delay in collection, interest @
SB rate + 2% p.a.
132. When Ombudsman’s award is accepted by the customer, the bank is to

implement the award within : 30 days
133. Minimum and Maximum period for accepting NRE Term Deposit are : Min
1 year & Max 10 Years
134. Under Sanjeevani scheme , which Authority can extend the repayment
period, if the entire compromise amount could not be paid within 90 days time
for any benefited reason ? : By the same authority

135. A loan to an NBFC for on-lending to individual farmer or SHG or joint
liability group is classified as: Indirect finance to agriculture
136. As per RBI guidelines, what is the Minimum amount of withdrawal

/deposit in Savings Bank Account : Rs 10/-
137. What is “Brownfield Project” in case of project financing ? – It Means to

start a project based on prior work or to rebuild a product from an existing
one.
138. What is Charge-off in Banking ? : Charge off is a declaration by a lender

to a borrower for non-payment of the remaining amount, when borrower badly
falls into debt. The unpaid amount is settled as a bad debt.
139. One Time Policy guidelines under MSME Restructuring , last date of
implementation is __________?: 31/03/2020
140. In case of a jointly operated joint account, the nominee can obtain
payment, when : none of the account holder is alive
141. SGSY scheme is meant for ____ in ____ areas : BPL, rural
142. BOI Result Dec 2018, Gross NPA amount and % of Large Corporate are :
Rs. 31,981 Crore & 10.25% out of Total Gross NPA ( 16.31% )
143. Call money deposit is part of the ___ sector : Organized sector
144. What is “Hybrid Scheme” under CGTMSE ? : When the quantum of

finance is more than 2 crore and Bank has taken collateral security along with
CGTMSE coverage.
145. The long term liability to tangible net worth ratio implies : Long term
solvency of the firm or capacity of the firm to pay long term debt.
146. Current ratio implies : Capacity of the firm to pay current liabilities.
147. Regarding Sanjeevani Scheme for education Loan, what is per month
salary criteria for the term “Under Employment”? : Rs. 20,000/-
148. Working capital requirement of a firm is required to be met through :

Short term sources and surplus of long term sources over long term uses
149. What was increased by RBI to the extent of 0.5% in the first quarterly
review of annual policy in July 2007 : CRR
150. Star series notes relate to : Defective notes

151. As per our HOBC 111/45 to calculate the working capital limit for digital
and non digital transaction, the revised minimum margin for non digital
transaction to be arrange by borrower is increased from 5% to ____%? : 6.25%
152. The target for DRI advances is : 1% of previous year’s outstanding loans
153. The Term “ Black Revolution “ in agriculture related with ? Rubber

Plantation
154. The sanction limit of a CC account is Rs. 10.00 Lakhs with 25% margin.
Borrower has submitted stock statement of Rs. 16.00 lakhs. What is the drawing
power of this account ? : Rs. 12.00 Lakhs
155. Who cannot become a partner as per Supreme Court judgment : HUF
156. What is the maximum project cost limit under PMEGP ? Rs. 25.00 lakhs
for manufacturing unit and Rs. 10.00 Lakhs for Services units.
157. What is the maximum period for which an account classified as sub-
standard, can remain : 12 months
158. What is Financial Closure? : It means commencement of commercial

production after which all revenue expenditure should be debited to P&L A/C
and nothing can be capitalized.
159. Maximum Monitory limit for Lok Adalat is ______? Rs. 20.00 Lakhs
160. If NRI brings gold/silver and sells it to a resident, the proceeds can
credited to which type of account ? NRO accounts
161. At the time of renewal of working capital limits of a partnership firm, it

was observed by the appraising officer that the quick ratio of the firm has
declined substantially but the current ratio has not changed. What are your
observations ? : It means the firm’s stocks as percentage of current assets
have increased & the firm’s receivables as percentage of current assets have
declined
162. A company wants to electronically pay the dividend to large no. of its
shareholders, which include small amounts also : Electronic Clearing Services –
Credit (ECS-Credit)
163. A firm is having total asset value Rs. 8600/- and Outside liability Rs.
5350/- . Calculate Net worth of firm ? : 3250/-
164. Service fee in case of CGF-MSE guarantee cover is ___ % of ____ :
0.75%, sanctioned limit
165. The terms used for hiding money to avoid tax is : Money laundering
166. BOI Result Dec 2018, Gross NPA amount and % of SME : Rs. 9,226 Crore
& 2.95% out of Total Gross NPA ( 16.31% )
167. As per consumer protection act ,the limitation period for filing a
complaint is ------- years from cause of action? : 2 Years
168. Under SAREFEASAI act 2002 ,if a party wants to appeal to DRAT against
the decision of DRT, he has to deposit : 50% of the amount which can be
reduced to 25% by DRAT
169. A cheque is written in different hand-writings and different inks : It will

be paid
170. Opening of non-resident accounts by _____ has been allowed by RBI :

RRBs
171. “ICCOMS” is related with which operation ? : Currency chest
172. Bailment of goods by a person to another person, to secure a loan is

called : Pledge
173. When mortgage is created by a person by deposit of title deed orally, it is

called ____ mortgage : Equitable
174. What is limitation period of a Decree account ? : 12 Years
175. Which crossing is not a general crossing : When name of bank is written
within or without parallel lines.
176. BOI Result Dec 2018, Gross NPA amount and % of Agriculture : Rs. 7816
Crore & 2.50% out of Total Gross NPA ( 16.31% )
177. X makes a request to the bank to write the name of his nominee on his
pass book : It can be done, as customer has given his consent
178. Buy now and pay later is the facility available under : Credit card
179. Door step banking is defined under sec------of ----- act : Section 23 of
Banking regulation Act
180. The Current asset of a firm is Rs. 8600/-, Current Liabilities Rs. 5350/- &
Inventory Rs. 2000/- ; Calculate Quick Ratio of firm ?: 1:2
181. A financial statement that provides information regarding where the
funds have come and where these have been used, is called : Funds flow
statement
182. What is the maximum age limit under BOI Star Education Loan ? : No
Age Limit
183. SARFAESI cannot be initiated in accounts with less than ____% of

principal due?: 20%
184. As per security policy of the bank, all currency chest must have _______
of recording to be available in DVR for real time basis : 90 days
185. Who can open NRE account : NRI
186. Overdraft amount of Rs. 10000/- sanctioned under PMJDY shall be

covered under credit Guarantee Fund scheme : CGFMU
187. Maximum ______ number of persons can be accepted as nominee in

Sovereign Gold Bond Scheme : 2
188. BOI Result Dec 2018, Gross NPA amount and % of Retail Advances are :
Rs. 1722 Crore & 0.55% out of Total Gross NPA ( 16.31% )
189. As per fire safety policy of the bank, each staff member should be
trained on the use of fire safety equipments once in ______ : Every Year
190. The minimum capital adequacy ratio implemented in India, by RBI is ____
% and as per Basel II recommendations it is ___ % : 9%, 8%
191. A mandate holder for a current account has died and a cheque signed by
him is presented for payment after his death : The cheque shall be paid, if not
dated subsequent to date of death or prior to the date of mandate.
192. The true owner of a cheque has been deprived his right by collection of
the cheque for a different person. This is called : Conversion
193. A bank branch receives a counterfeit note of Rs.1000, which customer

wants back. What the bank should do : To be impounded and not to be returned
in any circumstances.
194. Maximum finance for imported 2 wheeler under BOI Star Autofin is
_______? 100 Lakhs
195. As per Section 272A(2)(g) of Income Tax Act, the penalty for non-
issuance of TDS Certificates to customer is___? Rs. 100/- per day
196. Banks provide term loans and deferred payment guarantee to finance
capital assets like plant and machinery. What is the difference between these
two : Outlay of funds.
197. Islamic banking has the features of : Conservative banking
198. How much silver can a non resident Indian national can bring after a
continuous stay of 6 months ? 100 kg
199. For a Home Loan to be classified in priority sector lending, the cost of
house in metro centre (population 10 Lac and above) is restricted to : 45 Lakhs
200. For a housing project for economically weaker section(EWS) and low
income group(LIG), to be included in priority sector lending, the annual family
income in respect of EWS can be : 3 Lakhs
201. Which among the Muslims, Christians, Buddhists & Jains is not a
minority community : Jain
202. All Education Loans sanctioned up to a limit of Rs……………….. without

any collateral security are eligible for coverage under CGFSEL Scheme: Rs.
7.50 Lakhs
203. Remittance above Rs.________ must be escorted by at least one Armed

Guard who sits in the rear of the cash van : 20 lakhs up to 50 lakhs
204. When rate of interest is expressed by adjusting the impact of inflation,

this is called _____ : Real rate of Interest
205. Interest on Sukanya Samruddhi Scheme is compounded ______ Yearly
206. Eligibility for promotion of GBO ( Scale 1 – Scale 2) in terms of Rural

Branch Service is _____ years ? : 2 Years
207. The maximum liability of the customer relating to unauthorized

transactions resulting in debits to their accounts / cards in Basic Saving Bank
Deposits (BSBD) accounts is Rs._______? : Rs. 5000/-
208. For the purpose of creation of equitable mortgage, the place for deposit
of the title deed is notified by : State Govt.
209. A prudent investor makes investment in shares on the basis of : Price-

earnings ratio
210. When the rates are rising, the growing economy : Gains

211. Maximum Personal loan for Regular pensioners whose PPO is with the
Bank______ ? : 5.00 Lakhs
212. Banks can ask for deposit of advance rent of locker for a period up to : 3
years
213. For FCNR (B) deposits, the exchange risk is born by : Bank, accepting
such deposit.
214. As per recent RBI/Govt. guidelines, pensioners can open account jointly
with: with spouse, to be operated as either or survivor.
215. Amount of maximum loan given to micro and small enterprises are
covered under CGFTMSE scheme : Rs.50 lac
216. For a Home Loan to be classified in priority sector lending, the cost of
house in non-metro centre (population below 10 Lac) is restricted to : 35 Lakhs
217. An officer must put in ____ years service in rural area and _____ year in
Semi Urban or Total 3 years in Rural area for promotion from Scale-II to Scale –
III: 2 years in Rural and 1 years in Semi Urban
218. Housing loan is part of the priority sector advance, with a maximum
amount of : Rs.20 lac.
219. The R-returns are submitted by the banks to RBI on : Fortnightly basis
220. In our bank, approximate number of Internet Banking user are : 56 Lakhs
as on 31/12/2018
221. Apiculture relates to : Bee-keeping
222. A cheque written in different inks and handwriting is presented, for

payment : it will be paid if otherwise in order
223. Which of the following forms will be used for allowing exemption to a
depositor aged 61 years : Form 15 G
224. The Term : Rainbow Revolution” is related with _____? Flowers farming
225. An enterprise will be treated as medium enterprise providing services, if

the investment in ____ is above Rs.2 cr and up to Rs. _____: equipment, 5 cr.
226. For acquiring securities charged to the bank under SARFAESI Act, a
notice of ___ days is required to be sent to the owner of the securities: 60 days

227. The drawer of a cheque wants that the endorsee should not get a defect
free title when he receives an endorsed cheque. What type of crossing would be
required : Not-negotiable crossing.
228. In a balance sheet of a firm, the debt equity ratio is 2:1. The amount of
long term sources is Rs.12 lac. What is the amount of tangible net worth of the
firm: 4 Lakhs
229. The crossing on a cheque is required to be cancelled. Who can do so:

Drawer
230. A cheque signed by an agent is presented for payment, after his death.
What will the paying bank do : Cheque will be paid in normal course if it is not
dated subsequent to date of his death.
231. In our Bank, average number of mobile banking users as on 31/12/2018

are – 8.94 Lakhs
232. A bank can sell its NPA account to another bank, if the NPA is held by
the seller bank with it for ____ month as NPA : 24
233. The largest and smallest Zone in our Bank by means of branches are :
Hyderabad & Dehradun
234. Unutilized overdraft limit of a borrower is available and a garnishee order

is received : Order is not applicable
235. Under SGSY, the no. of women self group should be ___ % of the total
groups: 50%
236. In educational loan no collateral security or 3rd party guarantee will be

obtained, if the amount of loan is maximum up to: Rs.4 lac.
237. Total Number of Zone in our Bank are ____? 54
238. Payment of Interest in Savings Bank account from __________ it is

payable on a daily product basis : 01/04/2010
239. NRE term deposit can be accepted by banks for a period of : 1 to 3 years.
240. Maximum age limit for repayment of “Pensioner’s personal Loan “ is

__________? : 75 Years
241. In PMRY cases, the amount of margin and subsidy should be ___ % of
the ____ : 20%, project cost.

242. A loan associated with a short duration crop, becomes sub-standard
after remaining special mention account for a period of : two crop seasons
243. Interest subvention of 2% is available to banks from Govt. when the

short term production loan up to Rs. ____ lac in agriculture is allowed by banks
at ____ % rate of interest to farmer: 3 lac, 7%
244. Under liberalized remittance scheme what is the maximum amount that
can be remitted by a resident person abroad for unspecified person: $ 2 lac in a
financial year.
245. If an SSI units holds a margin of Rs.25 lac and its projected sales are
Rs.400 lac, its working capital limit will be : Rs.75 lac (margin being more, the
limit will be lower by that amount).
246. Weaker persons of the society available deposit and loan services from
banks, which is called : Financial inclusion
247. Total number of NBG in our Bank are _____? 8
248. If RBI intends to take enforcement action against a Statutory Auditor for
deficiency, it can do so by giving a show cause notice of : 15 days
249. Customer day is observed by banks on ____ the of the month : 15
250. Minimum no. of days for which term deposit can be made by banks : 7
days
251. Under 15 point program of Prime Minister, the no. of minority dominated
districts in India is indicated as : 121
252. What is “Elite Group”, “Challengers Group”, Rising Stars Group &
Warriors Group “ in our Bank ? This is a categorization of all 54 Zones into
these groups and retail business achieved data is duly published, with NBG
wise performance to boost, energize, motivate and support the field level staff.
253. Mrs. Ragini with her husband wishes a personal loan of Rs. 2.00 lakhs,
the interest concession of being women to be offered to them is _____% : NIL
254. Maximum quantum of loan under Auto fin to HUF _____? : No loan
255. For select exporters, the maximum interest subvention allowed to banks
is ___ % but the rate of interest to be charged from exporters should be
minimum ___ % : 4%, 7%

256. A retail trader in other than essential goods is financed by the bank.
What is the maximum amount of such loan that can be classified under priority
sector : Rs.20 lac.
257. What type of bench mark is used for lending in banks : Benchmark Prime
Lending Rate.
258. A Bank granted a loan to an MSE in other than NE States and other than
Women enterprise and balance in the account is Rs. 90 Lacs. In case the loan
become NPA, what is the amount of guarantee cover that would be available to
this account : 60 Lakhs
259. Under Senior Citizen Savings scheme 2004, what the maximum amount
of investment ? : 15 lakhs
260. Under star Vehicle Loan (110/06) Max finance available to Companies
and corporate are?: 200 Lakhs
261. The Term “ Pink Revolution” is related with _______? : Prawn Farming
262. A dealer is engaged in sale/distribution of inputs used in agriculture

allied activities such a poultry feed / cattle feed. What is the maximum amount
of loan given to them, can be classified under priority sector : Rs.40 lac.
263. Appeal against the award given by the Ombudsman can be made by the
bank within _____ days of date of ____: 30 days, receipt of acceptance from the
customer.
264. Name your executives ? Mr G Padnabhan – Chairman, Mr D B Mohapatra

– MD & CEO, ED-1 : Mr N Damodaran, ED-2 : Mr A K Das, ED-3: Mr C G
Chaitanya & Mr Devendra Sharma – CVO
265. As per Basel III norms , Liquidity Coverage Ratio is for_______?

Managing liquidity over 30 days
266. Expenses such as stamp duty, registration charges are permitted to be added
as project cost by RBI in case the cost of dwelling unit/house does not exceed Rs.
____? : 10.00 Lakhs
267. The Reserve Bank has launched a public awareness campaign through
SMSes cautioning the people against falling prey to unsolicited and fictitious
offers received through emails/SMSes/phone calls and the recourse available
with them on receiving a fake offer via sms/phone call / email. The caution
messages were sent from _______sender id.: RBISAY

268. Mr Aditya Raj Shrivastava has issued two cash receipts of Rs. 900/- and
Rs. 9000. On these the stamp duty payable is ____? Rs. 1 on second and no
duty on 1st
269. The format of cheque is prescribed in which Act : It is only a practice.
270. If a fraud takes place in a bank branch. Report is sent to the controlling
office on form : FMR 1
271. The amount in a cheque is written differently in words and figures and
amount written in words is higher of the two : Amount written in words will be
paid.
272. While paying a bearer cheque, signatures are obtained on the back side
of the cheque. Why ? : As evidence of payment
273. Bank note which is misprinted by RBI is replaced by issuing a ________

note : Star series
274. Maximum period of TAT for BOI personal Loan (At all level)____ days? : 5
Days
275. What is the Maximum quantum of loan for Special Scheme for Govt/State
Govt Employee under Star Personal Loan (Clean) _____? : 10 lakhs
276. Overdraft facility for all pensioners whose PPO is with the Bank ? : 3
Months pension amount , Max 50,000/-
277. The Reserve Bank has started its awareness campaign against fictitious
offers and incidents of people losing money due to sharing of bank
details/OTP/CVV, etc. Members of public can give a missed call to _______ to
get more information through Interactive Voice Response System (IVRS) on fake
calls/emails as well as investing wisely and cautiously in chit funds. :
8691960000
278. How much amount of Foreign Currency coins be kept with us : No

ceiling.
279. Already compromised account where repayment period in force are

eligible under modified SANJIVANI SCHEME ? :
280. Who is the Nodal Officer for Grievance Redressal / BCSBI compliance
officer the bank : Mr D P Sharma, GM ( Customer Excellence Branch Banking )
281. Under Senior Citizen Savings scheme 2004, a depositor want to take loan
against his deposit, is it allowed or not : No

282. Under Risk Categorization, what is “RAROC”?: Risk Adjusted Return on
Capital
283. Maximum quantum of loan under Star Vidya Loan Scheme is_______? :
For Annx A institutes 20 lakhs; for Annx B institutes Rs. 10.00 lakhs and Rs.
7.50 lakhs for Annx C institutes (However, it is further amended to Rs. 30.00
Lakhs with permission of ZLCC)
284. On FCNR (B), how much amount of loan can be given : No ceiling,
subject to normal margin requirements
285. For 26QAA, is a quarterly return to be submitted to Income Tax related

with ? : Non TDS
286. How much Indian currency a person can take while travelling abroad
other than Nepal and Bhutan: Ans: Rs.25,000/-
287. Under star Vehicle Loan (110/06) Max finance available to NRI are? : Rs.
50 lakhs
288. The term “ Golden Fiber Revolution” is relates with ____?: Jute
289. Maximum loan under Star Mitra Personal loan is_______ : Rs. 1.00 lakhs
290. The Term “ Red Revolution” is related with _____? : Increase in meat
production
291. Name our Bank’s founder members ? : Mr Sassoon David, Mr Ratanjee D

Tata, Nr Gordhandas Khattan, Sir Cowasjee Jehangir, Sir Lalubhai Samaldas, Mr
Khetsey Khaisey, Mr Ram Narain Hurnundral, Mr Jenarrayen Dani, Mr Noordin
Ebrahim, Mr Shapurji Brocha
292. When counterfeit notes are detected in the soiled note remittance and
currency chest balance of a bank during Inspection / Audit by RBI, Penalty at
______ of the notional value of counterfeit notes, in addition to the recovery of
loss to the extent of the notional value of such notes, will be imposed. : 100%
293. Crystallization of Import Bill: Within 10 days of date of receipt
294. Under Star Vehicle loan , age of the individual is _______? : 65 years at the
time of availment of loan
295. Data Storage unit of a computer is called : Hard Disc

296. Maximum Personal loan for Regular pensioners whose PPO is with the
Bank________?: 5.00 Lakhs
297. BOI Result Dec 2018, what is our Global Deposit in crore ? : 515228
298. Pradhan Mantri Surksha bima yojna (PMSBY), Insurance premium

amount and frequency to deposit :Rs. 12/- & Annual
299. Under Star Home Loan Scheme, the maximum loan amount for
renovation/Extension/Repair of house/flat is ____? : Rs. 50.00 Lakhs
300. In FCNR B, how many days is considered as a year for interest

calculation: Ans: 360 days
301. The RBI has advised banks to automatically convert a fully KYC
compliant account into a based on the date of birth available in Bank Records to
_______ ? : Senior citizen’s account
302. What is the fee structure to get in principle sanction letter in

psbloanin59minutes ? For Registration it is free but to get in principle sanction
letter Rs. 1000/- + 18% GST
303. WHICH IS THE NAME OF LATEST UCP- : UCP 600 (wef 01.07.2007 )
304. What is the total amount of share purchased by staff members in our
recent campaign : ESPS- My Star : 500.45 crore
305. Under Senior Citizen Savings scheme 2004, a person who took VRS want
to join at the age of 55 years. This is permitted or not ? : Yes
306. As per RBI instructions, data on counterfeit notes detected by all the
branches of the bank shall be reported in the prescribed format on a ______
basis. : Monthly
307. Current ratio indicates : Capacity of a firm to meet its current liabilities.
308. Which Bank is founder member of “SWIFT” in India ? : Bank Of India,

SWIFT is holding 55% equity and remaining 45% held by 9 major Banks ( Our
share is 3.26% in SWIFT)
309. BOI Result Dec 2018, Gross NPA amount ____Crore & ____% : 60,798 &
16.31%

310. As per Official language policy for B region, branch target to reply in
Hindi letter received in Hindi is : 100%
311. BOI Result Dec 2018, what is the amount of our Global Advances in crore
? : 372803
312. Provision for standard accounts in direct agriculture and SME accounts
is to be made at : 0.25%
313. What is “SMERA” ? : SME Rating agency of India limited (SMERA) was
set up during 2005-2006 by SIDBI in association with Dun and Bradstreet, one of
the leading providers of commercial data and analytics.
314. Risk weight for bill purchased under LC, for capital adequacy purposes
is : 20%
315. What is the right of nominee in case of term deposit that has not matured
: To obtain premature payment and not raise loan against the security of such
term deposit
316. What is the quantum of accidental Insurance benefit under Pradhan

Mantri Jan Dhan Yojna : Rs. 1.00 Lakhs
317. Preshipment credit is available in which type of letter of credit : Red

clause
318. BOI Result Dec 2018, Net NPA amount ____Crore & ____% : 19,438 &
5.87%
319. On the death of an FD holder his nominee claims the payment before
maturity, but the legal heirs oppose such payment___? : Bank will pay as now
the nominee has all rights of the depositor to obtain payment
320. The quarterly financial results of companies and banks are to be

declared / published under directions provided by : SEBI
321. What is “FLCC”? – Financial Literacy and credit counseling centers are
established as per RBI guidelines at Rural and Urban Centers at district location
. Our Bank is having FLCC in 51 districts.
322. RBI injects liquidity through : Repo Rates
323. Fresh KYC documents to be obtained in HIGH RISK PROFILE accounts

in --- 2 years

324. Collateral security in case of PMRY advances is exempt up to : Loan of
Rs.5 lac in case of industry projects per borrowal account and Rs.2 lac for
business/servicing per borrower.
325. Relationship between bank and customer in case of goods left by

mistake in custody of the bank: Trustee & beneficiary
326. As per BOI Result Dec 2018, our CASA % : 42.65%
327. X and Y have a joint locker in their name with operational instruction as
jointly and Z is the nominee. In case Y dies, the access to the locker will be
given by the bank to _______?: X & Z
328. Legal status of nominee is that of a : Trustee for legal heirs
329. M, a minor admitted for benefits in a firm wants to withdraw from the firm
on attaining majority. How much time is available to him to do so : 6 months
from date of majority or 6 months from date of information to him that he was
admitted for benefits, whichever is later.
330. Loan to minor can be given in the following case (a) against DBD (b)
against LIC policy (c) in the name of minor (d) in the name of father : in the
name of father
331. Who cannot be a partners (a) HUF (b) illiterate (c) Blind person (d)
company : HUF
332. The CTR Report from Bank are subject to deposit with _____? FIU
333. BOI Result Dec 2018, Y to Y CASA growth % : 5.66%
334. What is “RSETI” in Bank Of India ? : Rural Self Employment Training

Institute ( RSETI). Our Bank is operating 42 RSETI’s in the state of
Jharkhand(15), Maharashtra (14), M.P ( 13), U.P ( 7) & Odisha (2).
335. Money to be deposited by A in the account of B. A has informed that B

has become insane : can be deposited with consent of the family members (i.e.
guardian)
336. Mortgagee enjoys the income of the mortgaged property in case of which
mortgage : Usufructuary
337. What is the prescribed time for customer transactions through RTGS on
Saturday? 08:00 to 16.30

338. Name our Bank’s Joint Venture Agencies ? : Star Dai Ichi Life Insurance
Co Ltd, CDSL (Our Bank’s Share 5.57%), CIBIL ( Our share is 5%) & SMERA (
Our Share is 4%)
339. When Hypothecation becomes pledge : when goods are given for
possession to the bank, by the borrower.
340. Recovery in written off account directly adds to ____?: Profit of Bank
341. Under mobile banking, what is the maximum amount of transactions :

This is as per discretion of Bank
342. Your branch has sanctioned a loan of Rs.15 lac under Agri Clinics and
Agro-Business Centres scheme. It will be classified in priority sector as:
Agriculture advance for allied activities
343. Hindi Month is observed ________? : From 15 Aug to 14 Sept
344. Which scheme has been abolished with introduction of senior citizen
deposit scheme : Varishat Bima Pension Yojna
345. In Stand Up India scheme, repayment period is______ & Moratorium

period is ___________? : 7 Years & 10 Months
346. BOI Result Dec 2018, Y to Y growth in Savings ____ % : 6.75%
347. Which type of fraud case is not to be reported to RBI : Theft and
burglary.
348. There is excess cash with the cashier while closing the cash balance in
the evening. It is to be deposited in : Sundries account excess cash received
account (credit balance).
349. Which document is required to be attested (witnessed) (a) mortgage

deed (b) pledge agreement (c) Hypothecation agreement : Mortgage deed
350. No. of bank branches in India is : (a) above 40000 (b) above 50000 (c)
above 60000 (d) above 70000 : Above 70000
351. What is present MCLR Rate? – 8.70% ( Please update before exam)
352. A, B and C want to open a joint account with the provision that after
death of any of them, the money should not be paid to any legal heir, what mode
of operation should be opened : Either or any of them
353. ECB can be raised under automatic approval by (a) companies (b) firms :
Companies

354. What is “ Lead District Scheme” in Bank Of India? Our Bank has lad 51
district as Lead district to coordinate with Government official for betterment of
district.
355. Borrowing power of Board of Directors is described in: Articles of

Association.
356. What is the Rule of Extra Ordinary Leave to Officer ? : The competent
authority can sanction extraordinary leave (EL) to an officer only up to 360 days
(reckoned cumulatively during the entire period of service ) . Authority to
consider EL beyond 360 days but up to a maximum of 720 days rest with the
board.
357. BOI Result Dec 2018, Y to Y growth in Current Account segment ____ %
: ( - )0.66%
358. Where a Bank is having unreconciled inter-branch entries old than 6

months , It has to make provision at ____% : 100%
359. Doctrine of Ultravires borrowing relates to : Borrowing by a company for

an activity, which it is not authorized to undertake as per its Memorandum of
Association
360. Loan of Rs.25000 has been obtained by the depositor against an FDR.
Minor is to be appointed nominee in the account : Can be done after repayment
of the loan. Terms of deposit account will not be allowed to be changed during
currency of the loan.
361. The no. of members in a SHG in SGSY in normal cases : 10-20
362. Authorized capital is Rs.10 lac. Paid up capital Rs.6 lac. The loss of
previous year is Rs.1 lac. Loss in current year is Rs.2 lac. The tangible net worth
is : Rs.3 lac
363. What is full form of “BSS” used for calculation of MCLR ? Business
Strategy Spread
364. As per our Bank’s result for Dec 2018, Global Net Interest Margin (NIM) is
________%? : 3.02%
365. In MSME, Where the buyer of goods who has defaulted in paying the
amount to the buyer in time, wants to prefer an appeal against the decision of
the micro small enterprises facilitation council has to deposit minimum----%of
the decreed amount before the consideration of the appeal. : 75%
366. Pradhan Mantri Jeevan Jyoti Bima Yojna(PMJJBY), what is the premium
amount and frequency of deposit ? Rs. 330/- & Yearly

367. Net working capital is Rs.80000. Current ratio is 3:1. The current assets
are : 120000
368. CDR in case of SME account (which is not correct) (a) SME financed by
any bank for any amount (b) for corporate account, financing by one bank (c) for
corporate account from many banks for amount above Rs.10 lac : C
369. Right to retain goods is called : Lien
370. What type of accounts can be opened for foreign students studying in
India? : NRO Account
371. BOI Result Dec 2018, Maximum Y to Y growth i.e. 19.11 % is posted in :
Retail
372. In case of collection of cheques and bills, the relationship of the banker
with the customer is that of : Banker as Agent and Customer as Principle
373. For obtaining loan against shares, the Charge on shares : Lien
374. Name our Bank’s Subsidiaries ?: BOI Shareholding Ltd, BOI

(Tanzania)Ltd Dar-es-Salaam, BOI(New Zealand)Ltd & Bharti AXA
375. What is the provision available to the bank under KYC, if the foreign
student studying in India is unable to provide the local address, at the time of
opening the accounts? : To obtain the declaration from the student for
providing the local address within a period of 30 days & Pending verification of
address, permit remittance to the account not exceeding USD 1000, subject to a
cap of Rs. 50,000/- on aggregate during the 30 days period.
376. A director of the bank wants to raise loan from your bank against (a) FDR
of other bank (b) share of same bank(c) surrender value of Life Policy. Loan can
be given against : Surrender value of Life Policy.
377. Bill of lading, Railway Receipt are negotiable instruments under (a) NI
Act (b) Sec 3 of Transfer of Property Act (c) Sec 137 of Transfer of Property Act
(d) Sale of Goods act : C
378. Keeping goods in safe custody is as per provisions of (a) NI Act (b)
Indian Partnership Act (c) Indian Contract Act : C
379. In Stand Up India scheme, name of the portal, where candidate has to
register and give his details, is_______? :Standupmitra.in
380. What is the sum assured in Pradhan Mantri Jivan Jyoti Bima Yojana if
death of the policy holder happens ? : Rs. 2.00 Lakhs
381. BOI Result Dec 2018, Maximum growth of 68% among selected
categories : Gold Loan
382. A Credit limit is overdue for reviewed for 180 days then account become
____? : NPA
383. No dues certificate in case of agricultural advances is exempted up to a

loan of: Rs.50000
384. For MSME ,where there is no agreement in writing as to the date of

payment, the supplier has to make payment within the appointed day which is
the day falling after ----days from the date of receipt of the goods.? : 15 Days
385. While doing Risk Rating, an asset is downgraded from A+ rating to A

rating. What type of risk is involved: Credit Risk.
386. Liability of a coparcener in case of loan raised by HUF is : Restricted to

his share in HUF property/assets
387. In KYC guidelines, the small account where simple KYC is applicable are
those account where the amount deposited in the account is restricted to (a)
Rs.50000 (b) Rs.1 lac : Rs.1 lac
388. Who is appellate authority of “ LOK ADALAT “ ? : No Authority
389. SMA-1 stands for Account where Principal or Interest is overdue for____days
? 31 to 60 days
390. “A” is holder of a cheque who endorses sans recourse to “B” and B to C
and C to D who endorses it to E. This Cheque is dishonored by Bank , now who
can claim and against whom ____? : E can claim from B, C and D
391. BOI Result Dec 2018, % of Agriculture advances against ANBC is :

17.50%
392. In case of SMEs, the registration is mandatory in case of (a) medium

enterprises in servicing (b) small manufacturing enterprises (c) manufacturing
medium enterprises : C
393. What is the maximum amount of loan for obtaining guarantee under
CGTMSE of SIDBI : Rs.50 lac

394. Name our Bank’s Associate organizations ? : 4 RRB in 54 District of MP,
UP,Jharkhand & Maharashtra; Stock Trading Corporation of India Limited ( our
share is 29.95%), ASREC ( BOI Share is 26.02%) & Indo Zambia Bank Limited
395. BOI Result Dec 2018, our Priority Sector Advances % to ANBC is :
41.28%
396. What is the income ceiling for DRI loan eligibility : Rs.18000 for rural
areas and Rs.24000 for urban areas
397. The Word “Aquaponics” is related with _______? Finance for

Agriculture and Fishing
398. “Project Connect” is related with ____? : Concept of Area manager and
Star Prime implemented for being more customer focused and for business
development, recovery, digitalization of branches etc.
399. What are the due date for submission of Suspicious Transaction Report,
Cash Transactions Report , Counterfeit Currency Report , Non Profit
Organization Transaction Report Counterfeit Currency Report : Suspicious
transaction Report within seven days of identifying the Suspicious transaction
and all other Reports Fall due on 15th day of succeeding month
400. As per our Bank’s result for Dec 2018, Total Capital (CRAR) is Rs.
___________? : Rs. 37,065 Crore
401. A company has been sanctioned cash credit-pledge limit. Internal auditor
finds that charge has not been registered with Registrar of Companies in time.
In how much time it is to be done : In case of pledge, not required.
402. The famous campaign in our Bank “ Each One Bring One “ is related with
___? : Our MD & CEO has given call to every staff members to bring business
for Bank
403. Loan system of credit delivery is not applicable in case of : Software

industry
404. If any account is under STR what should be branch to do ? : Bank should
not put any restriction on operations in the account and the bank has to keep
the fact of filing of STR strictly confidential.
405. To sell an NPA, the account must remain in the books of seller bank : for
24 months as NPA
406. One of these is an indirect rate (a) one $ = Rs. 39.56 (b) one pound = Rs.
89.56, (c) one yen = Rs. 0..30 (d) Rs.100 = $ 2.60 : D
407. Which crossing is not recognized by NI Act (a) Special (b) payee’s
account (c) not negotiable : B
408. BOI Result Dec 2018, our Global Business is _____Crore : 887931
409. On Maturity of a very old TDR, the customer has requested for cash
payment because he is not having any Savings account with our Bank. The
maximum amount for which cash payment of such TDR to be done is Rs.
_______/ : Below 20,000/- ( Including all amount payable )
410. Which among the following can open an Resident Foreign Currency
account (a) NRI (b) Resident (c) Erstwhile NRI now resident (d) none : C
411. A loan document is signed by one partner on June 15, 2007, by 2nd
partner on June 21 and by 3rd partner on June 29. The period of limitation will
start from : June 30, 2007
412. BOI Result Dec 2018, our Provision coverage Ratio is : 76.76%
413. “Star Samadhan” is related with – : For resolution of OTS, Cash

recovery, reduction of SASCL
414. Risk weight for Consumer loans : 125%
415. Our Bank’s security Deptt release one quarterly news letter in the name
of : “Security Net “
416. Risk weight on claims on CGTMSE: 0% ( up to coverage amount)
417. Among CR-12, CR-13, CR-14 & CR-15, which of the following is monthly
statement? – CR-12
418. How much is the lactation period for indigenous cows? : 280 – 300 days
419. The eligible proponents under BOI Star Doctors plus should be
professionally qualified, in the age group of 25 to 60 and should have minimum
qualification: MBBS,BHMS,BDS,BAMS,BUMS,BPT,BOT
420. Vide HOBC 111/98 dated 14/09/2017, Branch Managers are now
permitted to assess the income of the prospective borrowers (not having
Income Tax Returns) up to Rs. ________ Lakhs per annum in place of existing
Rs. 1.00 per annum ? : 2.50 lakhs

421. What is “Standalone Health Insurance “ in our Bank ? : BOI has tie-up
arrangement with Star Health & Allied Insurance Co.Ltd
422. A partner wants to retire from the firm XYZ. He has to (a) get consent of
other partners (b) has implied authority to retire (c) has to give public notice
(d) can retire when desired by him by giving notice to other partners : A
423. What is the Penalty Criteria in Atal Pension Yojna in case of default ? :
Rs. 1,5,10 ( 100-500, 500-1000, above 1000)
424. In case of an HUF account, of the part payment of debt is made by the
agent of the Karta or by the manager, then this payment : Would extend the
limitation period
425. Govt. shareholding in public sector banks cannot be below : (a) 33% (b)
51% (c) 74% (d) 100 : B
426. For micro & small enterprise, the value of _____ is excluded while
calculating the value of plant and machinery or equipment : Land & building.
427. Maximum quantum of working capital which can be sanctioned under

BOI Star Doctor plus scheme is : Rs. 1.00 Crore
428. Our bank has provided a portal for learning News, Online Knowledge test
and materials etc through – Gyan Portal
429. Registration of partnership firm is not compulsory but banks prefer

registered firms because (a) they can file suit against them (b) creditors can file
suit against them (c) they can file suit against their debtors : C
430. The limitation period u/s 138 of NI Act begins from : Date of cause of
action
431. Pradhan Mantri Jeevan Jyoti Bima Yojna(PMJJBY), what is the age band
to take this policy ? 18-50 years
432. What is “CALRAM” report? : Credit Audit & Loan Review Mechanism (
CALRAM) is used for account with exposure of Rs. 5 Crore and above.
433. Ombudsman can ignore the case of complaint where (a) advocate of
applicant has appealed (b) complaint is of frivolous nature : B
434. Company increases it net worth by revaluation of assets by Rs.50000.

Existing Debt equity ratio was 2:1. the new debt equity ratio would be _____, if
long term liabilities are Rs.80000 : 0.9:1

435. What is “S A R “ in an account ? : Staff Accountability report ( SAR ) is a
report which is submitted within 90 days from the date of NPA.
436. The delegation of waiver of CGTMSE coverage is vested with ________.

( BC 111/77 dated 01/08/2017) ? : ZLCC
437. Pradhan Mantri Suraksha Bima Yojna (PMSBY), what the age band to
take this policy ? : 18-70 years
438. A cheque is issued by a company as “pay yourselves”. A clerk from the

company comes and signs on behalf of the company and requests for
preparation of a demand draft : Cannot be paid.
439. Internal rate of return is : A discount rate, at which the net present value
of a project is Zero.
440. PMRY age limit of general………..and for SCST ____ (18—35 and 18—
45)
441. SMA -2 Accounts ( 61-91days overdue) with aggregate exposure of

Rs.________ and above ? : 5 Crore
442. Under SGSY Programme, the minimum number of SHG group of women
to be formed : 50%
443. Subsidy under Agriclinic Agribusiness is ……..%or general and

………….% for SC/ST (25% and 33.3%)
444. Small Service industry investment in plant and machinery : above 10

lakhs but up to 2 crore
445. What is the Time limit of review of an account to avoid technical slippage
? : Not beyond 180 days
446. Additional Tier 1 capital ratio to RWA can be maintained by Bank as per
Basel III guidelines is____? : 1.50%
447. Hypothecation defined under which act : SARFAESI Act.
448. As per RBI guideline, the minimum required Authorized capital to open a
new Private Bank should be : Rs. 500 Crore
449. Remittance of FCNR(B) proceeds to III Party abroad – If AD satisfied,

these can be made on the request of the depositor.
450. What is “ Forensic Audit of any accounts ? : This is a system when the
out flow of Bank fund is being analyzed.
451. What is the maximum amount that banks can levy as penal charges for
non-maintenance of minimum balances in any inoperative : As per bank’s
discretion under Board approved procedure and policy
452. A bank has an oversold position in foreign exchange on a particular day.

It has to square its position at the end of the day. The foreign exchange rates
are increasing : Oversold position will give loss when the value appreciating
453. Provisions on Standard loan accounts made by a bank are placed in the
balance sheet as part of_____? : Schedule 2 – Reserves and surplus
454. The customer service in a Bank Branch has been disrupted for 2 hours
due to failure of Central Server. What type of risk it is____? : Operational Risk
455. Sengupta committee related to : Private sector contribution to defense

sector
456. HUF cannot be a partner in a partnership firm as per Supreme Court

Judgments. The judgments is based on the premise that : HUF is not a legal
person and cannot enter into such agreement that makes it liable for the action
of others
457. Radhakrishanan Committee related to : Agriculture indebtedness.
458. No TOL in new Advance Account & TOD in new current account to be
entertained in ________ days/months? : 6 Months
459. “ Hindi Diwas” is celebrated on : 14 September

under ML act & also involved under Narcotic Act ? 10 years
461. The committee recommended concurrent audit : GHOSH COMMITTEE
462. A customer of your branch proposes to visit Nepal on a private visit.

How much foreign exchange he can obtain from the bank without RBI
permission : No Permission
463. CRR & Bank rates are :7.50 & 6.00
464. As per revision in DAY-NRLM scheme, the min no. of members in a

group enterprise, for the purpose of financing can be : 3
465. Repo rate is…………..and reverse repo rate is…………… : 7.75% &
6.00 ( Please update before exam)

466. A Bank finds it difficult to repay the short term deposits on maturity to its
deposits because the funds of the bank are locked in long term loans or
investments . The risk arising from this situation is called___? : Liquidity Risk
467. Rate of Income Tax on interest income on balances standing to the credit
of NRE Accounts is : No Tax
468. Restructured a/c classified standard if the operation in the account is

satisfactory for a period of : one year
469. In case of failure of a customer to meet its commitment in settling his

dues in time will come under which type of risk : Settlement Risk
470. An account of Mr. A & Mr. B operated “jointly” having Mr X as nominee .

On the death of Mr. B the amount will be paid to_____ ?
: A + Legal heirs of B Jointly
471. The committee which recommended for the formation of credit guarantee
organization for small scale enterprises ?: S L Kapoor Committee
472. For opening of Savings account, a customer submit his Driving License,
which is expired. Whether this document is valid KYC or Not : No this is KYC
document but not a valid document
473. When an account becomes NPA and realizable value of security is ____
the account is directly treated as loss asset (40) : <10 %
474. A cheque passed in a current account of an Un Registered Firm having

insufficient balance allow OD in the account without any instructions from the
Firm. Bank has an FD, whether bank can recover the amount of OD allowed in
the account from the proceeds of FD? : Yes
475. What is full form of “CRP” in calculation of MCLR ? : Credit Risk

Premium
476. Whether Minor can nominate ? no, but if account is operated by father
because minor is less than 10 years of age, then it is possible.
477. Which of the following type of customer is not entitled to get Corporate
Internet Banking facility; Partnership, Society, Trust & HUF : HUF
478. In terms of Revised RBI guidelines, “Stressed Account” with credit limit
of Rs. 5 Crore and above are reported to RBI on ______ basis? : Weekly

479. Under the diminishing balance method, depreciation is calculated on :
Written down value
480. The settlement timing of payment under Unified Payments Interface (UPI)
system is_______?: Real Time Basis
481. When an account becomes NPA and realizable value of security reduced
to 50% then the account is directly treated as ________: Doubtful
482. TDS not deducted what is the penalty and for what period: Bank to pay
the amount with interest @ 1% p.m. simple
483. Which of the following account is eligible for nomination facility ___?
Loan against TDR, PMMY, Cash Credit or SRTO Loan : No One
484. What charge to be created for demat shares with bank as security : Lien
485. If the date under LC is mentioned as On or about 30.06.2007 – shipment

will go within or when.. (5 days before and 5 days after 30.6.07)
486. What is the position of a Nominee ?: The money will be paid to nominee
after death of depositor
487. राजभाषा अधिधियम 1976, िारा _____ के तहत सभी मुहरे धिभाषीय/धिभाषीय होिे
चाधहए धजसमे स्थािीय भाषा पहले , धहिंदी दू सरे स्थाि तथा अिं ग्रेजी तृ तीय स्थाि पर होिी चाधहए|
: 11
488. Methodology of Waiver/Remission of loan of Director of the bank: After

permission of RBI
489. Current Ratio is 1.33:1, Current Assets is 100, what will be the amount of
Current Liability: 75 lakhs
490. XYZ Limited are sanctioned a CC limit of Rs.50 lac. The drawing power
in the account calculated on the basis of available security and margin, is
Rs.54 lac. How much drawings in the account will be allowed?: sanctioned limit
of DP whichever is lower
491. Projected Turnover is Rs.400 lacs, margin by promoter is Rs. 20 lacs.

What is maximum bank finance as per Annual Projected Turnover method: 80
lakhs.
492. If Break Even Point is high, it can be construed that the margin of safety
is ____: Low.
493. What is the sum assured in Pradhan Mantri Suraksha Bima Yojana if
death of the policy holder happens due to accident? : Rs. 2.00 Lakhs

494. Gross Working Capital Means_______: Current Assets.
495. If Net Working Capital is 48 and Current Liabilities are 12, what is the
Current Ratio: 5:1 (Current assets 60; Current liability 12).
496. To improve Current Ratio of 2:1, what has to be done?: a) Recover cash
from Receivables b) Cash sales c) Decrease the Bills payables
497. Nomination is not acceptable in case of a deposit account in the name

of a minor where the account is operated by ___? Minor Himself
498. Banks undertake BEP analysis to assess: Margin for safety.
499. A returning traveler from foreign is permitted to retain with him foreign
currency up to $ _________ without any ceiling beyond 180 days . : US$2000
500. If I am staying in Chennai but if my proof of address shows my address

of New Delhi, can I still open an account in Chennai? : OVD of Delhi &
Declaration of Chennai
501. Net working capital means: Current assets minus current liabilities.
502. The RVS of an NPA account categorized under asset code 33 since last
1 year is Rs. 20.00 lakhs. What will be the provision amount in this account. :
100%
503. राजभाषा अधिधियम वषष ________ में बिाये गये । : 1964
504. Receivables 20 and sales 120. Find the Receivables turnover turnover
ratio in months: 2 months (20/120 x12)
505. CC limit sanctioned is Rs 4 lacs and Stocks are valued at Rs. 6 lacs. If
the margin to be maintained is 25% , what is drawing power? : NOTIONAL - 4.5
lacs, BUT ACTUAL Rs. 4 LAC.
506. What is the operating cycle average period for turnover in Annual
Projected Turnover method: 3 months of annual sales.
507. A unit is having Current Assets of Rs.400, & the Current Ratio is 2:1,
Quick Ratio 1:1. What is the level of Inventories: 200.

508. Which of the following is the Solvency / Leverage ratio: Debt Equity
Ratio (options viz., DSCR, Debtors Turnover ratio and these 3 combined ratios
were given).
509. A & B maintain a SB account with E or S clause. A died on 10/07/2018

and a cheque signed by him dated 08/07/2018 is presented for payment. The
bank should__________ ? : can Pay if B permits
510. When a farmer uses manure of green leaves, biological manures,

biological pesticides, he is called to be doing _________ farming. : Organic
Farming
511. भारत के सिंधविाि में राजभाषा के कुल धकतिे अिु च्छेद हैं? : 11
512. Profit before Tax is 75, Tax is 30, Depreciation is 25, Term Loan
installments is 25, Interest on Term Loan is 15. Calculate DSCR _____: 2.12
513. Current Assets is 600, Long Term sources is 600, Total Assets is 1,000.
What is NWC and Current Ratio: Current Ratio is 1.5 : 1; NWC = 200.
514. Authorized Dealers may release foreign exchange to an amount of US$

___________ or its equivalent per financial year without insisting any estimate
for Medical treatment in abroad. : US$250000
515. Current liability means: Liability towards outsiders payable within 1

year.
516. Current ratio indicates: Liquidity position of the firm ability of firm to
pay short term liabilities on time
517. No bank can issue bearer DD/bill of exchange as per which section and
Act: Section 31 RBI Act.
518. What is the value of a torn 200/-rupee note received in just 56% of total
area?: 50%
519. Validity of IMT is ______ days ? : 14 days
520. The current account of a company is operated by its three directors,

A,B,C under their single signature. You are informed that Mr A is adjudged
insolvent when a cheque signed by him presented for payment you will____? :
Pay the cheque
521. A credit card issued under Kisan Credit Card is valid for ________ years?
: 5 Years

522. Under which Section of N.I. Act, a Paying Banker gets protection in
respect of material alteration which was not visible with a naked eye: Section
89 of N.I. Act.
523. When guarantor on payment of all dues of principal debtor, gets

which rights as that of creditor? Subrogation* b) Lien c) Assignment d) Pledge.

under ML act is ____? : 7 Years
525. What is limitation period to file suit against state/ central government
guaranteed loans/ bills? 30 Years
526. Rohit was a loanee of the branch and news has come that he has
expired. On enquiry, it was observed that he left some assets. Upto what extent
the legal heirs are liable to the Bank? Legal heirs are liable for the liabilities up
to the assets inherited by them.
527. What is the maximum CGTMSE coverage available under Retail Trade
segment ? 100 Lakhs
528. White revolution is related with : Cotton
529. Credit rating is applicable to all fund based/Non Fund Based limits
_____? : Rs 10.00 lakhs & above
530. The enhanced Due diligence as applicable for opening the new
accounts of PEPs as per the KYC policy, is to be extended : While opening an
accounts where beneficial owner is PEP/Close relatives /family members of
PEP, When a customer/ Beneficial owner /Close relatives & Family members of
an existing account on becoming PEP
531. What is the % age of provision on Standard assets in case of Direct

Agriculture and Direct MSE advances: 0.25% of outstanding
532. A crop loan is sanctioned for Rs.32,000/- out of which cash component is
Rs.14,000/- and kind component is Rs. 18,000/-. As per RBI guidelines the
maximum amount for which cash disbursement can be made is Rs.
__________? : 100%
533. Which of the following can purchase NPA? a) ARC b) Banks c) Financial
Institutions d) NBFC e) All of the above*

534. Why banks insists that partnership firms should be registered before
giving any credit facility: Unregistered firms cannot file suit to recover their due
amount.
535. In respect of Self-Help Groups (SHGs), which of the following

statements are correct, as per KYC guidelines : KYC verification of all the office
bearers to be taken.
536. If an advance is overdue for 9 months and realizable security value is

40% of outstanding, then loans should classified as : Doubtful.
537. As per UCPDC how much time is allowed to issuing bank and
negotiating bank for scrutiny of documents?: 5 banking days
538. Credit Rating Agencies in India are regulated by: RBI
539. What is the provision % in case of fraud reporting of Rs. 5.00 Lakhs ? :
100% i.e. 5.00 Lakhs
540. On expiry/cancellation/extension of the BG issued in favor of various

Government Department, the Bank are addressed the letter to_________ : the
concerned Govt Deptt
541. CRISIL stands for: Credit Rating Information Services of India Ltd.
542. RBI grant the loan to Banks against Govt Securities at : Repo Rate.
543. External Credit rating is applicable to all new fund based/Non Fund Based
limits ? : of Rs 25 Crore & above
544. RBI at which rate purchases or rediscounts B/E or other Commercial

BANKS: Bank Rate (7%)
545. 16. What type of charge is created on FDR: Assignment.
546. Name the new formula formulated by RBI to calculate lending rates
which will replace the base rate. (Marginal Cost of Funds based Lending Rate
(MCLR)
547. CARE stands for : Credit Analysis & Research Ltd
548. CIBIL is credit Rating agency in India ? – N0
549. When ownership is with the borrower but possession is with the bank,
the charge is: Pledge.
550. Mortgage is defined under: Transfer of Property Act.

551. From 1.4.2016, Base rate concept is to be replaced by: Marginal Cost of
Funds based Lending Rate
552. For Restructuring of MSME accounts under one time OTS policy, the
account should be standard as on ________? : 01/01/2019
553. After closure of loan a/c - within how many days documents &
properties should be returned: 15 days.
554. Risk weight in advances backed by State Govt. guarantee: 20%.
555. Debt Securitization means: Conversion of receivables into debt

instrument; Recycling of blocked funds.
556. Negative Lien refers to: Undertaking given by the company not to create
any charge / not to get the assets encumbered to any other bank during the
currency of bank borrowings.
557. What is the cash incentive for passing IRDAI Insurance examination for
specified person ? : 7500/-
558. What is Bank’s criteria for CPA II _ Rs. 50 Lakhs and above
559. What is quantum of amount of NPA to be sent to DRT ? : 20 Lakhs
560. Politically exposed persons (PEP's), referred under KYC Policy, are
individuals who have been entrusted with prominent public functions in : A
foreign country
561. One Time Policy guidelines under MSME Restructuring , last date of
implementation is __________?: 31/03/2020
562. Which type of credit rating model is applicable for sanctioning limit of
Rs 1.00 crores to Rs 5.00 crores? : SME
563. Under Risk Categorization, what is full form of “ VIROUS” ? : Vital

Information Resource under Seize
564. Politically exposed person includes (PEP's) include___? Senior

politician, Heads of states/Governments, senior executives of state-owned
corporations, Senior government/judicial/military officials

565. For creation of Equitable Mortgage on Agricultural land, property is to
be located at: a) Any notified area b) In cantonment area c) In metro cities d)
Anywhere in India: Ans is D.
566. The legal liability to file charges with ROC in case of lending to a
Company is that of ______: Borrowing Company.
567. What increases a capital of a person: a) Profit b) Loss c) Depreciation d)

Sale of an asset: Profit.
568. What is the amount of account to conduct legal audit ? : Rs. 5 Crore and
above
569. The appraisal of Deferred Payment Guarantee is same as that of a)

Demand Loan b) OD c) Term Loan d) CC :Term Loan.
570. Deferred Payment Guarantee is: Guarantee issued when payment by

applicant of guarantee is to be made in installments over a period of time.
571. What is full form of MCLR: Marginal cost of funds based lending rate.
572. Investment limit in plant and machinery for classification as small

manufacturing enterprise: above Rs. 25 lac up to Rs. 5 Crore.
573. In Metro Area, the area of operation of Bank’s BC is ______KM? : 5 KM
574. What is Deferred Payment Guarantee (DPG) and what is the difference
between Term Loan and DPG: DPG is issued for the purchase of capital goods
in favor of machinery suppliers who agrees to sell machinery for payment in
installments guaranteed by the bank. The appraisal of TL and DPG is very
similar the only difference is the outlay of funds.
575. Target for micro enterprises in the priority sector policy is _______?:
7.5 % of ANBC or credit equivalent of off balance sheet exposure
576. A bank has financed against pledge of goods. Inspector pointed out that
the charge on good is not registered. What it is time limit to register? Pledge
need not required registration.
577. Exposure norms for individual in Infrastructure project: 20% of Capital

fund of the bank.
578. What is Lok-Adalat maximum amount ? : 20 Lakhs
579. A bill dated 31/12/2018 is payable 2 months after due date. Its due date
of payment would be _____? : 03/03/2019
580. Loan to small and marginal farmers for purchase of land for

agriculture purpose is categorized in _______? : Farm Credit
581. What is the percentage of provision on Unsecured NPA account of 12

months old? : 25% as it is in Unsecured account
582. What is Interest Spread: Difference between interest earned and interest
expended.
583. Banks give loan against Shares which are in: D-mat form.
584. No collateral up to the loan amt in NRLM Aajivika: Upto 10 lacs.
585. Stand by L/C is like: Bank Guarantee.
586. What are the enhanced due diligence to be exercised in the accounts of
non-face-to-face customers ? : Certification of all documents presented,
Calling for additional documents, First payment to be effected through the
customer's KYC compliant account with another bank
587. What is the Duty of Confirming Bank in FOREX ? : Only to verify the
genuineness of Letter of Credit.
588. What is the limitation period for Mortgage ? : 12 Years
589. When a term loan for more than 3 years is sanctioned by the bank the
major risk is : Liquidity risk (due to ALM mismatch).
590. Mortgage means: Transfer of interest in a specific immovable property.
591. Limitation period for filling case for enforcing mortgage : 12 years
592. In case of equitable mortgage, the deposit of title deeds has to be at

______: Any notified town notified by the State Govt.
593. Simple Mortgage is also known as : Registered Mortgage.
594. In respect of Trust who all should be subject to Customer Due

Diligence? : OVD of the author of the trust, OVDs of Trustees, OVDs of any
natural person exercising ultimate effective control over the trust through a
chain of control or ownership /Beneficiaries with 15% or more interest in the
trust

596. Z agrees to supply raw material to X under LC on a regular periodicity

for a period of 10 months. Which LC is more suitable: Revolving LC.

597. What is the amount of fees for registration with CERSAI?: Rs 50 for loan
up to Rs 5 lakh and Rs 100 for loan more than Rs 5 lakh.
598. One Time Policy Guideline on MSME restructuring is applicable up to

maximum amount of Rs. ________? : 25 Crore
599. Bank should be careful in opening accounts in the name of purdanashin

ladies because in case of a contract with purdanashin lady the law presumes ? :
Undue influence
600. What does LAF stands for_____: Liquidity Adjustment Facility.
601. W.e.f 1-4-2016, Base rate concept has been replaced by: Marginal cost
of Funds based lending rate
602. Partners liability is joint and several. For CC advance by the bank to the
partnership firm, partners liability is: Unlimited.
603. Maximum personal Loan in BOI Doctor Plus Scheme is ? : Rs. 20 lac
604. When the account is closed, under partial freezing or directly, the
reason for that shall be Communicated to : Customer
605. DSCR is for evaluating: Term Loan repayment-surplus generating

capacity.
606. Mutual Funds are controlled by: SEBI.
607. Duplicate DD should be issued within: 14 days from date of request.
608. As per the KYC policy enhanced due diligence to be applied in the case
of : Non face to face customer & Cross Border wires
609. Public Debt Office (PDO) is an ______: Autonomous body and

Investment Banker to Central Govt.
610. What is the rate of TDS in case of Savings Bank deposit account as per
Income Tax Act Section 80TTA : TDS is not applicable in savings bank interest
up to amount Rs. 10,000/-
611. What is the rate of TDS in case the customer does not submit PAN card
and 15G/ 15H : @ 20%.
612. Complaints under Consumer forum should be dealt with within (Where
no testing of commodities is required) : 90days

613. Locker Operation to be categorized under High and Low risk. In case of
non-operation of such accounts for ____and ______: 1 year and 3 years
respectively.
614. Maximum deposit for allotting a locker: 3 year advance rent plus locker
breaking charges( However, it may differ Bank wise)
615. Minimum subscription in PPF cannot be less than: Rs.500/-.
616. The single portal initiated by Ministry of Corporate Affairs for one stop
solution for all Companies: MCA21.
617. The RBI is using _____ index of inflation for policy making: Consumer
Price Index.
618. BCSBI is affiliated or regulated by? An independent body.
619. Certificate of Incorporation is: Not required in case of Pvt Ltd Co’s.
620. What is full form of IFRS: International Financial Reporting Standards.
621. Different General Insurance companies are working on principle of:

Spread of Risk.
622. Contract of Insurance is a contract of: Indemnity.
623. FIR to be filed if number of Counterfeit notes in a single deposit is: 5 or

above.
624. The RBI recently proposed to float wholesale and long – term finance
(WLTF) banks and for the minimum capital required for them would be: Rs.
1,000 cr
625. The malicious cyber attack that infects a computer and restricts users’
access to it until a ransom is paid to unlock it: Ransom ware
626. The worldwide cyber attack which targeted computers running the older
version of Microsoft Windows operating system by encrypting data and
demanding ransom payments in the Bit coin crypto currency: Wannacry
Ransomware Attack
627. The group that posted online digital tools stolen from the United States
governments stockpile of hacking weapons:“Shadow Brokers”
628. In Income Declaration Scheme there is an extension of Deadline for

payment from Nov. 30, 2016 to _____. Sept 30, 2017.

629. The Bank Boards Bureau (BBB) has evolved GRAF for public sector
banks to ensure that they have the ability to compete with other banks. The
term GRAF stands for: Governance, Reward and Accountability Framework
630. Expand the term ‘SAMPADA’? Scheme for Agro- Marine Produce
Processing and Development of Agro-processing Clusters.
631. A saving bank account or a current account is to be treated as

inoperative accounts if there is no operation in the account for the last: 2 years
632. The committee constituted by the Insolvency and Bankruptcy Board of

India (IBBI) to lay down technical standards for performance of core services:
R B Barman committee
633. Which bank has launched a unique credit card ‘Unnati’ for which any
customer with a balance of a least Rs.25,000 in his savings account with the
bank would be eligible: SBI
634. India’s Sovereign rating given by FITCH is ____which means the lowest
investment grade rating : BBB.
635. Fiscal Responsibility and Budget Management (FRBM) Panel has

recommended a Fiscal Deficit target at 2.5% and Revenue deficit target at ____
for 6 years: 0.8%.
636. The limit set on taxing of high sea trade in India is ___ nautical miles
into territorial waters: 12
637. RISK MANAGEMNET-Minimum total capital + CCB up to 31.03.2019:

11.50%
638. Revaluation reserve can be included in Tier-I capital to the extent of:
45% of its value.
639. Bank's will be monitored on excessive leverage build up leverage ratio

of: 4.5%
640. By 31 March 2019, the Basel capital + counter cyclical buffer will stand
at: 11.5% of RWA (9% + 2.5% for CCB)
641. What is the exposure ceiling fixed by RBI for IBU’s( IFSC’s Banking
Units)? (Single Borrowers: 5% of the parent bank’s Tier 1 capital and for group
borrowers: 10%)
642. Which of the following does not come under Tier II capital? a) Capital
reserves b) Undisclosed reserves c)Revaluation reserves d) Cumulative
Perpetual shares: Capital Reserves.
643. What is the Leverage ratio as per Basel-III = 3 %
644. What is the date for final implementation of Basel III? 31.03.2019 & Start
date is 01.04.2013
645. Under the Risk Based Audit, what is the maximum aggregates scoring
given: 1000.
646. Under the Risk Based Audit which parameter is given the highest
scoring: Credit Management
647. Which of the following is not part of Operational risk? Fraud /

Documentation failure / failure of systems / none: None.
648. Full form of ICAAP: Internal Capital Adequacy Assessment Process
649. What is the risk weight in case of Staff loan secured by mortgage or
superannuation benefits: 20%
650. Risk weight in advances backed by State Govt guarantee: 20%
651. Liquidity provided under 7 day and 14 day term repos is: 0.75% of NDTL.
652. A Proxy server is used for: To provide security against unauthorized

users.
653. What are the operational conditions of an Illiterate Joint account with
Literate? : Can be by literate only if we obtain authorization cum indemnity
from illiterate on stamped paper
654. What is Phishing in Computer ?: To steal the customers personal /

confidential data like Bank a/c number, Credit Card Number, PIN or Password
over internet & access their accounts.
655. Full form of USSD: Unstructured Supplementary Service Data.
656. Maximum RTGS Charge for Rs.2 lac to 5 lac: Rs. Rs. 30.00 + service tax.
657. What is the minimum amount which can be remitted under RTGS by a
customer: Minimum Rs. 2 lac and no Maximum.
658. In case of failed ATM transaction customer’s account should be

credited within how many days of the complaint?: 7 working days.
659. AEPS stands for : Aadhar Enabled Payment System.

660. CPPC stands for : Central Pension Processing Cell.
661. IBPP stands for : Internet Bill Presentation & Payment.
662. Rupay Platform refers to: National Payments Corporation of India (NPCI)
initiated the launch of RuPay card in India. It was done with the intention of
integration of payment systems in the country. It has led to lower transaction
cost as processing is being done within country. Also, transactions will be
faster.
663. Full form of CVV: Customer Verification Value
664. Full form of NUUP: National Unified USSD Platform.
665. Full form of IMEI: International Mobile Equipment Identity.
666. What are the min & max amounts accepted in Sukanya Samriddhi
Account : Min of Rs.1000 & Max of Rs.1,50,000/- in a Financial Year
667. Full form of NPCI: National Payment Corporation of India.
668. Cheque issued by Guardian of the Minor prior to the date on which
minor attains majority, but presented after the date of attain majority : It can’t
be paid without confirmation of Minor who attains majority.
669. Full form of CVD: Customer Verification Data.
670. Interest computation on SB account deposits : On daily Product basis
671. Universal set of standards and guidelines for communication by EDI is

called: EDIFACT.
672. Full form of ISDN: Integrated Services Digital Network.
673. What is the discretionary power for allowing TOD in SB/CA, to Scale II In
charge Manager of Semi Urban Branch? : No Power in CD/SB account for TOD
674. NEFT amount limit for customers: No Min and no max
675. Whether cheque book can be issued to the blind person's SB account :
Cheque book can be issued for blind person for specific purpose
676. Computer Security Day is observed on : 30th November
677. Maximum compensation by Banking Ombudsman in case of Credit Card

: Rs.1 lac

678. Encryption means: Conversion of plain language into secret language,
i.e., coding and The extent of coverage under E-sahyog portal: by Income Tax
679. Maximum RTGS Charge for Rs.2 lac to 5 lac: Rs.30.00 + service tax
680. What is the maximum amount of fees chargeable if more than 5

transactions are done in a month at other bank’s ATM: Rs 20 per transaction
681. Application under ASBA can be applied for: a) IPO b) Right Issue c)
Mutual fund: Ans: All of these.
682. Name the portal that has been launched by the Confederation of All
India Traders (CAIT) to promote business to- business and trader-to-customer
e-commerce transactions and reduce costs. (E-Lala)
683. Name India’s first Social mobile wallet launched by Transerv, a leading
digital payments company. (Udio)
684. Interest on SB will be credited to accounts on what intervals and on

which date? : On 1st of every Feb, May, Aug and Nov
685. Name the programme launched by online market place BankBazaar.com

to help the flood affected citizens of Chennai. (‘One Loan Two Homes’)
686. Buy Now, Pay Later what type of card: Credit Card
687. What is the Rate of Interest offered to SB account deposits? : Upto

Rs.50 lakhs at 3.5% and above 50 lakhs at 4%
688. IMEI: International Mobile Equipment Identity.
689. With reference to CAPS, if any proposal sent for Recommendation to any Staff
Member where will he find that proposal : Workflow INBOX
690. Under CGTMSE , is it possible to cover a credit facilities, which have

already become NPA? NO
691. What is full form of NPCI ?: National Payment Corporation Of India.
692. Rupay Platform refers to: National Payments Corporation of India has
launched RuPay card with the intention of integration of payment systems in
the country. It has led to lower transaction cost as processing is being done
within country
693. A housing loan in metro area will be classified as Priority Sector,

provided maximum amount of loan is up to ___ and maximum cost of house is
up to: Rs. 28 lac; Rs 35 lac.

694. KYC is the process by which banks obtain information about the identity
and _____________ of the customers. : Address
695. How many categories of risk are there under KYC? : 3 Low, Medium &
High
696. In case of House loan where loan amount is above Rs. 75 lac, Loan to
value is 75% the risk weight is _____: 75%.
697. What is the risk weight in case of Staff loan secured by mortgage or
superannuation benefits: 20%
698. As per LTV guidelines, what is the risk weight for housing loan up to 30
lakhs with LTV of 75%: 35%
699. As per the moratorium guidelines, the repayment of education loan

should start from: 12 months on completion of course or 6 months after getting
job, whichever is earlier.
700. Maximum finance for repair and renovation of house in metro under
priority sector: Rs. 5 lac
701. What should be annual income of a BPL family to be eligible for getting
interest subvention under educational loan? Rs 4.50 lac.
702. Loans to individuals for educational purpose India for how much amt
will be under priority sector: Rs.10 lacs for inland studies & abroad.
703. How much Education loan is allowed for vocational purpose in India?:
For course duration up to 3 months Rs. 20,000/-; for 3 to 6 months – Rs. 50,000;
6 months to 1 year- Rs. 75,000 & Above one year- Rs.1.5 lac.
704. What is the target in DRI scheme for women: No Target for women.
705. Business correspondent is: Agent of Banker.
706. Whether Introduction can be waived for opening of SB? : Not mandatory
707. Priority Sector : Maximum loan in Social Infrastructure : Rs.5 crore
708. If I do not have any of the documents listed above to show my 'proof of
identity', can I still open a bank account known as 'Small Account' by submitting
recent photograph and putting signature or thumb impression in the presence
of the bank official. : Yes

709. Priority Sector : Maximum loan in Renewable Energy : Rs.15 crore
710. Provision on Commercial Real Estate in Residential Housing: 0.75% of

outstanding
711. What is the target for weaker sections as part of PS?: 10% of ANBC or
CEOBE whichever is lower.
712. Target of RRB Has been revised for priority sector and the revised
target is 75%.what was the earlier target of RRB for priority sector?: 60% of
total advances
713. Loans to individual whose income is less than 1.00 lac in rural area up
to what limit comes under priority sector: Rs. 50,000
714. Loan review mechanism is done for the loans Rs.______ & above: Rs.
10 Cr & above.
715. What is the maximum amount of finance under Shishu category of

MUDRA: Rs. 50,000.
716. The 'Small Accounts remain operational initially for a period of ______
months and thereafter, for a further period of ______months if the holder of
such an account provides evidence to the bank of having applied for any of the
officially valid documents within twelve months of the opening of such account.
: 12 & 12
717. Weaker section Target as per Priority Sector guidelines: 10% of ANBC
or CEOBE whichever is higher. In terms of total Priority sector it is 25%.
718. Under Priority sector, maximum loan for Renewable Energy: Rs. 15
crore.
719. Shortfall in PS advance target, amount to be deposited in: RIDF or

invested in Priority Sector Lending Certificates.
720. Maximum loan for Social Infrastructure under Priority Sector: Rs. 5 cr.
721. What is the maximum amount of loan under IBA educational loan
scheme for Vocational courses? Rs.150,000 for courses with duration above 1
year.
722. What should be annual income of a BPL family to be eligible for getting
interest subvention under Educational loan? Rs 4.50 lac.

723. Loans to individuals for educational purpose India for how much amt
will be under Priority Sector: Rs.10 lacs for inland studies & abroad.
724. Blue revolution refers to: Fish breeding.
725. When a farmer in addition to agriculture is engaged in rearing of farm

stock, it is called: Mixed farming.
726. Debt Swap meaning: To extend finance to farmers for repayment of loan
taken from non institution lenders.
727. Shortfall in PS advance target, amount to be deposited in: RIDF.
728. Long duration crop means a crop with harvest season of: More than 12
months.
729. What is the premium in case of PMFSY : 1.5% Rabi 2% Kharif. 5% for
commercial and horticulture crop.
730. Food & Processing Industry up to what amount can be given under
priority sector: Rs. 100 crores.
731. No dues Certificate in agriculture finance: not required
732. In case of KCC, no interest subvention is available if loan is: overdue.

Available for short duration loans up to 1 year. Not available in respect of
overdue loans.
733. What is the target for financing of agriculture?: 18% of ANBC .
734. What is the rate of interest subvention in crop loans up to Rs 3 lac?: 2%
735. Loan to Agri Clinic and agri business centre is classified as: Ancillary
activities as part of Agriculture.
736. In case of KCC, no interest subvention is available if loan is: overdue.

Available for short duration loans up to 1 year. Not available in respect of
overdue loans.
737. Which act gives legal recognition to a electronic signature ? :

Information Technology Act
738. In Kisan Credit Card Scheme, to calculate the limit for 5 years, the cost
escalation is to be built in, for assessing the limit for a subsequent year at: 10%
of previous year limit.

739. What is meant by “implied authority” of a partner? : Authority to act on
behalf of the firm to carry on business of the kind carried on by the firm
740. Max amount of crop loan under KCC for claiming Interest subvention:
Rs. 3 lac.
741. COPRA is applicable to______ ? : whole India, Except J&K
742. Under interest subvention scheme, farmers are given some additional
concession for prompt repayment. What is the percentage of additional interest
subvention: 3% and net interest to borrower is 4%
743. Loans to farmer against pledge / hyp of agriculture produce ( post

harvest marketing scheme ): Rs.50 lakh for a period of 12 months.
744. What is the maximum loan amount permitted under KCC?: No upper
limit. It is at the discretion of the bank.
745. A loan up to Rs 50,000 will be covered under Priority Sector Others

provided Annual Household income for non rural borrower does not exceed:
Rs.1,60,000/-
746. Under Agri Clinic scheme the maximum loan limit for individual is: 20
lac. And group 100Lac.

748. Limit sanctioned to Food Processing and Allied Activities up to ___will

be eligible for priority sector: Rs 100 crore from banking system.
749. What is the target for financing of agriculture?: 18% of ANBC or CEOBE
whichever is higher.
750. Post harvest loan against Pledge / Hypothecation of crop produce is

provided up to Rs. _______ and for ____ months: Loan up to Rs. 50.00 lac
period not extending 12 months.

752. Long duration crop means a crop with harvest season of: More than 12
months.
753. What is the premium in case of PMFBY: 1.5% on Rabi and 2%on Kharif.

754. Debt securitization company means: conversion of receivables into debt
instrument.
755. Loans to farmer against pledge / hyp of agriculture produce ( post

harvest marketing scheme ): Rs.50 lakh for a period of 12 months.
756. What will be the rate of interest and tenure for gold bonds? (2.5%, 8 yrs)
757. The balance in Small SB A/c at any point should not exceed: Rs. 50000/
758. What is initiative of Government to provide banking services to BPL

people? Financial Inclusion.
759. APY belongs to: Un organized sector for the motto “ Pension for All”
760. Income Criteria in PMEGP: No ceiling
761. Under SHG-Bank Linkage Program the ratio of savings linked loans to
SHGs by banks can vary from a saving to loan ratio of 1:1 to: 1:4.
762. In the balance sheet of Bank Outstanding funds under RIDF is classified
under _________? : Agriculture Ancillary
763. For being eligible for Revolving Fund under NRLM, Self Help Group is
required to follow Panch Sutras. What are these Panch Sutras?: Regular
Saving, Regular internal lending, Regular recovery, Regular Meetings and
Regular accounts.
764. What is not the objective of Self Help Groups? Marking Super profit or
raising loan from banks.
765. When the security in the account is less than 10% it is directly classified
as____? : Loss asset
766. What extent SHG finance can be refinanced by NABARD?: 100%.
767. Number of members in a Joint Liability Group (JLG) can be: 4 to 10.
768. In case of NRLM, how much loan is given under 2nd dose?: 5-10 times
of the savings and revolving fund or Rs 100000 whichever is higher.
769. NULM Funding sharing ratio: 75% by Central Govt. and 25% by State
Govt.
770. If bank fails to achieve the target of 7.5% of ANBC or credit equivalent of
off balance sheet exposure whichever is higher in case of micro enterprises,
then bank has to deposit the shortfall with : SIDBI
771. Under PMEGP scheme maximum project cost for Business / Service
sector is: Rs 10 lacs.
772. Minimum Education qualification for PMEGP: For Mfg projects up to 10

lac and Business/service sector up to 5 lacs: Nil
773. What is the reservation/target for Woman beneficiaries in SHG in the

NULM scheme: 30%
774. Min members in SHG in remote area/ or members with Disability: 5

Members
775. JLG (Joint Liability Group); maximum finance per person: Rs 50000
776. Atal Pension Yojna: Maximum contribution by GOI: 50% of the amount
of contribution with a maximum of Rs 1000 p.a. for 5 years.
777. Sukanya Smriddhi yojana – maximum amount of deposit in a financial

year: Rs 150,000
778. Personal Accident cover for death and permanent disability in PMJDY:
Rs.1.00 Lac.
779. In Small Saving Bank Account all credits in a financial year should not
exceed : Rs. 1 lac
780. PMSBY insurance cover in accident: Max Rs. 2 lac
781. What is the maximum number of withdrawals in a month from Basic

Saving Bank Deposit account? : 4.
782. What is rate of premium in Pradhan Mantri Suraksha Bima Yojana

(PMSBY): Premium payable Rs.12 per annum per member; sum insured Death/
permanent disability Rs.2 lacs; partial disability Rs. 1 lac.
783. What is age limit in PM Jeeven Jyoti Yojna?: Eligible all saving accounts
holder in the age of 18 to 50 years; Benefits Rs. 2 lac on death due to any
reason; Premium-Rs. 330 per annum per member.
784. Business Correspondent agent uses which machine for transactions:

Biometric Machine.
785. PMJDY - overdrafts extended by banks up to Rs 5,000 in PMJDY

accounts will be eligible for classification under priority sector advances as
also weaker sections, provided the borrowers household annual income does
not exceed: Rs 60,000 for rural areas and Rs 1,20,000 for non-rural areas. This
amount is not revised to 10,000/-)
786. Atal pension Yojana: Contribution of Govt: 50% of the premium subject
to a maximum of Rs 1000 every year for 5 years provided enrolment up to
31.3.2016. Maximum Rs 5000 in 5 years.
787. What is the maximum amount of loan to SC/ST for construction of

house under DRI scheme: Rs.20,000/-
788. OD in PMJDY account up to: Rs. 10,000/-.
789. Difference between import and export is called: Balance of Trade
790. What is the maximum amount of loan to SC/ST for construction of

house under DRI scheme: Rs.20,000/-
791. Who fixes scale of finance for short term crops : Distt. Technical
Committee
792. BSBDA a/c holder should close all other saving bank accounts in that
bank within: 30 days
793. SHG comes under : Micro Financing
794. Maximum age of girl child for opening account in Sukanya samridhi
yojna: 10 yrs.
795. What is full form of USB: Ultra Small Branch
796. Sukanya Smriddhi yojana – maximum amount of deposit in a financial

year: Rs 150,000
797. CGTMSE cover eligible for loan up to: Rs. 200.00 Lacs
798. CGTMSE set up by: Govt. of India and SIDBI.
799. Trade e-Receivable Discounting System: Joint bid by NSE with SIDBI
800. The RBI revised guidelines for rehabilitation of MSMEs are applicable
for exposure up to: Rs 25 cr.
801. A unit in service sector will be classified as Medium enterprise if

investment in equipment is : More than Rs 2crore and up to Rs 5 crore.
802. What is the full form of CGTMSE?: Credit Guarantee Trust for Micro and
Small Enterprise.

803. What is the Standard rate of Guarantee fees for loans more than Rs 5 lac
made to micro enterprises under CGTMSE?: 0.85% p.a. of limit sanctioned.
804. What is the maximum amount of finance under Shishu category of

MUDRA: Rs.50,000
805. What is finance limit as per Nayak committee recommendation under

MSME?: Up to Rs. 5 Cr.
806. Which of the following is not part of Plant and machinery?: Land,
Building, Fire Equipment, Electrical fitting, Furniture, None: All of the above.
807. For MSE units, no collateral security / third party guarantee is to be

taken for loans up to Rs. _____: Rs.10 lakhs. (For Good track record unit up to
Rs 25 lacs).
808. What is guarantee corpus in MUDRA Bank or funds allocated for

MUDRA: Rs.20,000 crore.
809. BOI E – Rickshaw scheme Maximum Finance : Rs. 5 lakhs
810. START-UP INDIA: Under this plan the government will set up a fund with
an initial corpus of 2,500 crore and a total corpus of 10,000 crore over a period
of four years.
811. Cluster based approach is applicable for: a) Priority credit advance b)

SME* c) SHG.
812. As per the Task Force committee headed by T.K.A. Nair, the banks to
achieve annual growth of _____% in Micro enterprise accounts: 10% p.a.
813. Annual growth target of outstanding advance to Micro & Small

Enterprises: 20%
814. For MSE units, no collateral security/third party guarantee is to be taken

for loans up to Rs. _____: Rs. 10 lakhs.(For Good track record unit up to Rs 25
lacs).
815. For financing MSE, cluster approach & 4-c approach suggested by:
Ganguli Committee
816. Maximum number of vehicles that can be owned by an SRTO to be

treated as priority sector lending is :Now, no stipulation regarding no of
vehicles; investment not to exceed Rs.2 crore
817. MUDRA Bank: Micro units Development Refinance Agency-Corpus

Rs.20,000 cr.

818. What is the Standard rate of Guarantee fees for loans more than Rs 5 lac
made to micro enterprises under CGTMSE?: 0.85% p.a. of limit sanctioned.
819. What is the limitation period when Govt. wants to take legal action for
recovery of its dues: 30 years.
820. Provision on Commercial Real Estate in Residential Housing: 0.75% of

outstanding
821. For how much period the account should be irregular for being
classified as SMA-2 : 61 days to 90 days.
822. What is the amount of fees for registration with CERSAI?: Rs 50 for loan
up to Rs 5 lakh and Rs 100 for loan more than Rs 5 lakh.
823. Provision on secured Sub-Standard Loan: 15% of outstanding.
824. Maximum amount of claim that can be filed Lok Adalat: Rs. 20.00 Lac
and above Rs.20 lac in Lok Adalat formed by DRT.
825. Eligible Amount of suit in DRT: Rs.20.00 Lac & above.
826. Time Limit for registration of equitable mortgage with CERSAI: 30 days
from date of deposit of title deeds.
827. The term “BBPS” stands for _____? : Bharat Bill Payment System

829. Loan given for short duration crop becomes NPA when it is overdue for:
two crop seasons
830. Borrower should be given .... days notice prior to possession and ....
days notice prior to sale of property under Sarfesi Act: 60 days; 30 days.
831. NPA - D3 Category (Beyond three years): 100% Provision both on

secured and unsecured.
832. SARFAESI is applicable to what type of a/cs: Secured NPA Accounts.
833. Which is the latest recovery channel made available to the banks for
speedy recovery of NPAs backed by security:Action can be taken under
SARFAESI.
834. For declaring a borrower as non cooperative the cut off total fund based
and non fund based facility is above: Rs 5 cr.
835. Whether premium of CGTMSE as per NPA category relates to loan up to
5 lac: no. Applicable for loan above Rs 5 lac
836. Pari Passu charge means: Sale proceeds of security shared by different
banks in the ratio of their outstanding loans.
837. NPA norms are not applicable to which type of loans?: Loan against
deposits, life insurance policy and NSC’s.
838. CC account will become NPA if limit is not reviewed for how many days:
6 months from due date of renewal.

Agriculture and Direct MSE advances: 0.25%of outstanding
840. Total number of Banking Ombudsman in India: 15.
841. Agency which purchases NPA from banks is called: Assets

Reconstruction company.
842. NPA norms are not applicable to which type of loans?: Loan against
deposits, life insurance policy, NSC.
843. The Natural guardian of a adopted son is ____? :Foster Father
844. CC account will be NPA if limit is not reviewed for how many days: 180
days from due date of renewal.
845. Appeal against Award given by Lok Adalat can be made to: No Appeal
to any court against decision of Lok Adalat
846. Features of CDR Mechanism: It is for restructuring of corporate loans

with outstanding of Rs. 10 Cr or above in a multiple/consortium lender case.
847. SARFAESI Act is not applicable if security is: Agriculture Land
848. The natural guardian of a minor illegitimate boy is his _______? Mother
849. Cut off limit for reporting of non co-operative borrower to RBI is : Rs.5
crore
850. An account guaranteed by Central Govt. will become NPA : As per

prudential norms of RBI, when the Central Govt. repudiates its guarantee.

Agriculture and Direct MSE advances: 0.25% of outstanding.

852. Name the scheme approved by Union Government for financial
restructuring of debt of power distribution companies with the key aim for
financial turnaround and revival of Power Distribution Companies. (Ujwal
DISCOM Assurance Yojana (UDAY)
853. Under OTS, the compromise amount is calculated after taking in

_______: Opportunity Cost.
854. As per Mohammedan Law, after the death of father the minor’s
guardian will be ______? : Executor appointed by father’s will
855. NPA - D3 Category (Beyond three years): 100%Provision both on

secured and unsecured.
856. SARFAESI proceeding in a consortium advances if: 60% of creditors

due agree.
857. Dealer entered in spot position on 25-Feb-2016 (Thursday). The funds

settlement will take place on 29-Feb-2016 (exclude SAT/SUN)
858. Remittance under LRS for education. What rate to be applied : TT selling
rate
859. As per UCPDC how much time is allowed to issuing bank and
negotiating bank for scrutiny of documents?: 5 banking days
860. FATCA introduced by USA is short title of? Foreign-Account-Tax-

Compliance-Act
861. In small diary, minimum number if animal is ____ and Maximum number
of animal is ___? 2 & 10
.
862. For a Christian/Parsi minor after his father his natural guardian is
________? : Mother
863. Foreign students account. How much amount can be deposited or

withdrawal in first 30 days?: Deposit 1000 USD; withdrawal max Rs. 50000/-
864. Star Mahashakti campaign in our Bank related with _______? :Staff
Knowledge on I T Products
865. What rate will be applicable when F.C. received in NOSTRO account
earlier : TT buying rate

866. Mr. Jaydev , an account holder, is proceeding on a foreign trip for a
period of one month only. Which of the following modes of delegation of
authority would be most convenient and easy for empowering a person to
operate on the banking account during temporary absence of the customer? :
Mandate
867. Under UCPDC-600 what is the time period during which Issuing Bank or
Nominated Bank should check the documents to ensure that these are as per
LC requirement : 5 banking days.
868. To reduce its foreign currency risks in case of overdue Export bill, bank
should do: a) Forward Contract b) Option contract c) Swap d) Crystallization:
Ans Crystallization.
869. Minimum and maximum period for FCNR(B) accounts: 1 year and 5 year.
870. A financial product, which is driving its value from another

……..financial product, is called Forward Contract. b) Swap c) Derivative; d)
Currency futures: Ans- Derivative.
871. In which currency, FCNR(B) can be opened: In any freely convertible

foreign currency.
872. What is the minimum and maximum period for FCNR (B) : 1 year and 5
years.
873. Full form of LRS: Liberalized Remittance Scheme.
874. A foreign tourist who is in India and is having USD 5,000 wants to open
a/c. Which type of deposit account he can open: NRO for a maximum period of
6 months
875. BASLE III frame work is based on _____ pillers ? : 3
876. Unspent Foreign Currency to be surrendered within: 180 days And also
can be purchased before 180 days.
877. Packing Credit facility is available in which type of Letter of Credit: Red
Clause Letter of Credit
878. Number of days for examination of documents by negotiating bank

under L/C by bank: 5 Banking days.
879. Why crystallization of Import bill: To extinguish foreign exchange

liability by debiting the a/c and avoid exchange fluctuation risk.

880. Interest Rate on FCNR(B) Banks is linked to: LIBOR/Swap – London
Inter Bank Offered Rate.
881. EEFC - Maximum retention in foreign currency: 100%
882. For a Hindu minor girl married during her minority, whose husband is
also minor, her guardian is _____? Her Father, but If her husband become
Major then he become guardian.
883. A bank financed an exporter by discounted foreign bills but the

customer did not pay amount on due date. Bank wanted reverse the
transaction. What rate bank will bank apply?: TT Selling rate.
884. Which Letter of Credit is similar to Bank Guarantee: Stand by LC.
885. For Trust, which are the legal documents establishing formation of
Trust, underlying objective and purpose, Terms etc ? : Registration certificate
(if registered ) , Trust Deed & PAN Card of TRUST
886. Newly introduced generation of Green PIN option is available through :

ATM
887. Piller I of BASLE III norm is related with_______? : Minimum capital

standard
888. For a Hindu minor whose father is dead, his natural guardian is ____? :
Mother
889. In case any loan is granted against the Term deposits in minor's name
accepted with mother as guardian for meeting necessities of the child , the loan
papers should be signed by : Father along with Mother of Minor
890. Full form of UCPDC: Uniform Customs & Practices for Documentary
Credits.
891. What is Shell Bank ? A bank which is incorporated in a country where it

has no physical presence and is unaffiliated to any regulated financial group
892. Mr. Dharmesh, a customer of your branch informs you that Mr. Ramesh
Kumar,, another customer has snatched Rs.25000/ from him and deposited in
his account. : Advise him that bank cannot take any action on his complaint
893. How much inward remittance can be credited to EEFC a/c: 100% of
export proceeds.
894. What is one person company? : The company having only one member

895. What is the term “ Banking Book “ related with? : It consists of on
balance sheet items
896. What is the rate applied for crystallization of Export Bills discounted
into Rupee Liability: TT Selling Rate.
897. Deemed Exports means: Goods supplied do not leave the country and
the payment for such supplies is received either in Indian rupees or in free
foreign exchange.
898. Beyond what period permission of ECGC is required for extending

package credit advance? 360 days
899. Who can mortgage lease hold property if there is an express

permission to mortgage ? : Lessee or his agent if expressly provided for
900. Who can open and operate the bank accounts in respect of persons
with autism , Cerebral palsy , Mental retardation and multiple disabilities : The
person to whom Guardianship Certificate is issued either by the District Court
under Mental Health Act or by the Local committee under National Trust Act
1999
901. Under Liberalized Remittance Scheme (LRS) any resident individual can
remit abroad up to : $2,50,000 per person per financial year.
902. Packing Credit facility is available in which type of Letter of Credit: Red
Clause Letter of Credit.
903. Dec 2018 of our Result, Maximum growth Y-0-Y in the segment ? : Retail
904. Regarding Banker-Customer relationship, what is role of banker in case

of "Locker" ?: Lesser
905. Bank can lodge FIR at Local Police for cases above Rs.______ and
below Rs. _______ ; if staff is involve. : 10,000 & 1,00,000
906. What is the income criteria for sanctioning of Education Loan ? : No

Income criteria
907. Number of days for examination of documents by negotiating bank

under L/C by bank: 5 Banking days.
908. How many members can join in SB account ? Maximum 4 members
909. Gift card can be issued with maximum amount of : 10,000/-

910. Interest Rate on FCNR(B) Banks is linked to: LIBOR/Swap – London
Inter Bank Offered Rate.
911. Which one of the following commodities has the maximum share in our
imports at present: Crude oil.
912. A Usance bill is accepted by the attorney of the drawee. Subsequently

the drawee revokes the power of attorney before the bill is due. What will you
do in the case: It is deemed to be accepted by the drawee.
913. Who is Imports regulator in India ?: DGFT
914. You have to open a current account for Reliance Industries Ltd.,a well
known company. The introduction will be given by : Introduction is not
necessary in the case of a company as they submit certificate of incorporation
915. Under Capital gains account the maximum period of a term deposit
(including the overdue deposit …………years in the case of outright purchase
/acquisition of New asset and ………..in the case of construction of a
residential house : 2 years / 3 years
916. Whether we can consider LAP to a PIO, against property of NRI/ Resident
Indian? : No, This scheme is not for PIO
917. An account turns NPA on technical reason if the stock statements are
not submitted ? : For a continuous period of 90 days
918. A term deposit has matured on May 31,being Sunday.The payment of

the deposit would be made by the bank on-------------with interest rate : Monday
on Contracted Rate
919. Minimum and maximum period for FCNR(B) accounts: 1 year and 5 year.

foreign currency.
921. Who approves the policy for correspondent banking relationship of the
bank? : Board of the Bank & Committee headed by the Chairman /CEO/MD
subject to post facto approval of the board in its next meeting
922. VOSTRO account: Account of a correspondent bank abroad with a with

a domestic bank in local currency.

923. Projected daily Sales of a trading unit (90 days holding period) is Rs.
5000/-; what will be Cash Credit Limit as per Nayak Committee , if margin is
taken as 25%. : 3,00,000/-
924. A customer has presented to your branch, a fixed deposit receipt of Rs.
10,000/- for payment in cash as he is not maintaining any other account. In
order to get proper discharges, how much value of stamp duty will be affixed
on this for cash payment : Rs. 1
925. How much foreign currency can be retained by an individual after

returning from abroad: USD 2000.
926. Regarding disposal of application under MSME, a proposal of Rs.

25,000/- can be sanctioned with : 4 days
927. Under New Star Sanjeevani Scheme, What is amount of APPLICATION

MONEY? : 5% of Outstanding as on 01/04/2018
928. Bank has sanctioned Rs.10 lacs to D as CC limit where G is the

guarantor. D approaches for enhancement of limit to Rs.15 lacs whereupon
bank sanctions the limit. Bank did not inform G before sanction of enhanced
limit. Subsequently asks G to execute guarantee document for additional limit
which he refuses. What is legal position of the bank? : G will be liable for only
Rs.10 lacs as per original guarantee
929. How much forex can be released for business trip abroad: USD 250000
in a financial year
930. Maximum Forex that can be retained by an individual returning from

abroad in the form of Currency notes or TC:USD 2000. Balance to be
surrendered to AD branch within 180 days or deposited in RFC Account.
931. What is meant by “Doctrine of Subrogation” ? :- It is right of surety to

step into the shoes of creditor and claim all securities which the creditor had
against the principal debtors
932. Credit Monitoring of account starts from which date ______? : Since
beginning, when borrower approaches to us
933. Maximum amount of remittance by an individual in a financial year

under RBI Liberalized Remittance Scheme: USD 250000.
934. NRE Deposited DD of USD15000 drawn on you in his account. Which

rate will be used: TT Buying Rate
935. A customer of your bank want to know his KYC related risk
categorization, what to do ? No, We can’t provide this facility to customer

936. FC rate on purchase of Foreign DD: TT buying rate
937. Obtention of cover under Credit Guarantee Fund Scheme for Education
loans(CGFSEL)by National Credit Guarantee Trustee Company(NCGTC) is
mandatory for all loans up to Rs._______ lakhs? : Rs. 7.50 Lakhs
938. Which country is not a member of Asian Infrastructure Investment

Bank: USA
939. Minimum and maximum period for FCNR(B) A/cs: 1 year and 5 year.
940. Under Liberalized Remittance Scheme (LRS), any resident individual can
remit up to US$ ____________ per financial year ( April to March) in respect of
acquiring/holding immovable property, opening/ maintaining account in foreign
bank, Gift to any person outside India , Lending, Investing etc.? : US$2,50,000
941. If current ratio of an organization is very high but acid test ratio is low, it
indicates that the firm has: Very High level of stock

foreign currency.
943. A DBD is in A and B's name payable to either or survivor. On maturity

date A comes to the bank for payment with original FDR. Legal heirs of B
inform that they have filed a suit in court. A copy of the plaint is submitted by
them: Bank will pay to A as it is payable to either or survivor
944. Our Bank’s maximum finance is under which category ? : Corporate
945. Deferred Payment Guarantee is ____: Guarantee issued when payment

by applicant of guarantee is to be made in installments over a period of time.
946. A customer of your branch wants to secure his loan by way of an FDR
issued by another bank in your town. What procedure you would follow? : It
should not be taken as security for advancing the loan as per RBI directives.
947. Under Star Vehicle Loan scheme No collateral required for loans up to
Rs. ______ lakh , if the vehicle is registered with RTO with Bank’s charge. ? :
Rs. 25.00 Lakhs
948. To reduce its foreign currency risks in case of overdue Export bill, bank
bank should do: a) Forward Contract b)Option contract c) Swap d)
Crystallization: Crystallization.
949. Maximum Finance for set up of clinic under Doctor Plus scheme under
SME? : Need Based

950. What is Solvency Ratio as per our Bank’s guidelines ? : Total Outside
liabilities / Tangible Net worth
951. The appraisal of Deferred Payment Guarantee is same as that of a)

Demand Loan b) OD c) Term Loan d) CC : Term Loan.
952. As per Present caste-based reservation system of Union Government,

which % is incorrect ? SC – 15% , ST – 7.5% OBC - 27% Women – 50% :
Women – 50%
953. What is the name of our Bank's Chief Vigilance Officer ? : Mr Devendra
Sharma

foreign currency.
955. What is the Registration fee under Star MSME 59 Minutes PSB Loan
through portal ? Nil; However to get in principle sanction letter an amount of
Rs.1000/= + GST@18% to be payable
956. Capital 20, Reserves 30, debentures 100, bank overdraft 10, prepaid
expenses 10, The Debt equity ratio is_____? : 2.4:1
957. A bill dated 01/01/2019 is payable 2 months after sight and it was sighted
on 15/01/2019, but accepted on 18/01/2019. The due date for payment would be
____? : 18/03/2019
958. Under CGTMSE Scheme ( HOBC 112/30), Maximum extent of guarantee

available for a MICRO Enterprises with sanction limit of Rs. 5.00 Lakhs is
_________? : 85%, Maximum 4.25 Lakhs
959. Under New Star Sanjeevani Scheme, For Accounts under asset code 40
(LOSS ASSETS), Min. acceptable amount is : 10% of Ledger Outstanding
960. Any remittance of funds by way of DD/NEFT/IMPS and issue of traveler's

cheques for value of Rupees________ shall be not against cash payments. :
Rs. 50,000/-
961. To establish small dairy unit minimum number of milch animal should
be _____? 2-4.
962. A foreign tourist who is in India and is having USD 5,000 wants to open
a/c. Which type of deposit account he can open: NRO for a maximum period of
6 months.

963. What is the maximum validity period for operations permissible in small
account? : 12 months which can be extended by another 12 months provided
the account holder applies and furnishes evidence of having applied for any
OVD
964. What is “CRILIC” ? Central Repository on Information on Large Credits

(CRILIC). All accounts classified as RFA or Fraud with balance of 5 Crore of
more are to be reported to CRILIC.
965. सिंधविाि की आठवी िं अिु सूची में ___________ भारतीय भाषाओिं को मान्यता प्रदाि
की गयी है ? : 22
966. Who is a Walk-in- Customer? : Who does not have an account based
relationship
967. SWIFT India Domestic Services (“SWIFT India”): SWIFT has announced
its official launch in India. SWIFT India is a member-owned cooperative created
by leading public and private banks: Axis Bank, Bank of India, HDFC Bank,
ICICI Bank, PNB, SBI and Union Bank of India.
968. A Bank Cashier received Rs. 5000/- from a shopkeeper in market who
residing near his house and gave a counter slip receipt on behalf of bank . The
cashier did not deposited the amount in Bank. In this case Bank is
______________? : Not liable, because bank is only liable when transaction is
done on branch counter
969. Duty of confirming bank: Only to verify the genuineness of LC.
970. Who /what is Money mules ? : Accounts of third parties recruited,

illegally accessed by criminal to launder the proceeds of phishing and identity
theft
971. FCNR(B) account type: Term deposit.
972. Which type of accounts are categorized under “Red Flagged Accounts”
? : A Red flagged account is a loan account, where suspicious of a fraudulent
activity is thrown up by the presence of one or more Early warning signals
(EWS). Account categorized under Red flagged are under Rs. 5 Crore & above
973. Under Risk Categorization, If borrower not paying installment in regular

basis, then it is categorized under _______? Default Risk
974. Star Sanjeevani scheme 2018, Branch Manager of Scale II can settle OTS
up to amount of Rs. ____? : 50 Lakhs (Ledger O/S)

975. For Partnership firms, which are the legal documents establishing
formation of Partnership firm, business purpose and terms mutually agreed? :
Partnership Deed & PAN of Firm
976. What is Deferred Payment Guarantee (DPG) and what is the difference
between Term Loan and DPG: DPG is issued for the purchase of capital goods
in favor of machinery suppliers who agrees to sell machinery for payment in
installments guaranteed by the bank. The appraisal of TL and DPG is very
similar the only difference is the outlay of funds.
977. How much inward remittance can be credited to EEFC a/c: 100% of
export proceeds?
978. Bank notes should not be stapled. These instructions have been issued by
RBI under : Section 35 A of Banking Regulation Act
979. Under scheme for financing SRTO, the maximum amount of loan can be
sanctioned up to ____? : No Limit
980. For assessing repayment capacity in education loans, in the normal course
what is the system to justify repayment ? : Future income prospect of student only
981. The guarantors can also be declared willful defaulter by banks due to the legal
provisions as contained in__________? : Section128 of Indian Contract Act
982. Farmers can be granted post harvest loans against hypothecation or

pledge or warehouse receipts for an amount up to Rs. _______? : Rs. 50.00
Lakhs
983. The minimum no. of shareholders required for formation of a public

limited company is: 7
984. Charges for Non-Financial transaction from other bank ATM beyond free
limit is: 5
985. A&B have joint a/c. They give power of attorney to C to operate their a/c.
You received information about B’s death. You receive a cheque signed by C.
What you will do.? : you will return cheque as after the death power of attorney
has been cancelled
986. What is the provisioning norm for NPA categorized under Asset Code 22
Categories ? : 25%
987. A fixed deposit matured on January 12,2016 but it is not presented on

due date. When the claim in respect of such deposit receipt will become me
barred : Three years from date of demand if payment not received on demand
988. Place of Operation of Business correspondent and base Branch should
not be exceed__________ KM in Rural, Semi urban, Urban Branches ? : 30 KM
989. Enrollment for Star Token NG can be done through______?: STKREQ
990. A partnership firm was dissolved. M was a minor whose share of assets
were 10,000/ A’s share 50,000/, B’s share 50,000/ C’s share Rs.50,000/. Liabilities
of the firm to the bank were Rs.1, 70,000/ and no outsider liabilities. What is the
remedy available to bank? : Bank should recover Rs.1,60,000/ from the assets of
partners including minor and balance should be brought in by major partners
equally.
991. Under BOI Star Home Loan scheme Loan for furnishing of house along
with installation of Rooftop Solar PVs including cost of equipments such as
solar lighting, wiring and other fittings- Max. amount of Loan can be granted to
________? : Rs. 10.00 Lakhs
992. The Reserve Bank has advised banks to provide minimum ___ cheque
leaves every year, if requested, in savings bank account free of charge to
customers ___? : 25
993. Against an order or decree of a lower court, an appeal before High court
can be filed within _______? 30 Days
994. Maximum quantum of loan for Top Up Loan is total loan including
outstanding in existing home loan accounts not to exceed _______? : 75% of
distress value
995. What is working Capital Gap ? : Current Assets – Current Liabilities

(excluding Bank borrowing )
996. The difference between the market value of the collateral security and the
amount borrowed/lent against that collateral security is called ___? : Haircut

997. Under Rule 3 of Prevention of Money Laundering Rules, 2005, Principal
Officers of banks are also required to report information on cash transactions
where forged notes have been used as genuine note to The Director, FIU-IND,
Financial Intelligence Unit- India within ____ working days, by uploading the
information on the FINnet Portal. : 7 days
998. What is the quantum of penalty for irregularities detected by RBI

officials with regards to non compliance with operational guidelines by
currency chests under the ‘Scheme of Penalties for Bank Branches including
Currency Chests’ of RBI?- : Rs. 5,000 for each irregularity

transactions resulting in debits to their accounts / cards in all other SB
accounts, Pre-paid Payment Instruments and Gift Cards, Current / Cash Credit /
Overdraft Accounts of MSMEs, Current Accounts /Cash Credit / Overdraft
Accounts of Individuals with annual average balance (during 365 days
preceding the incidence of fraud) / limit up to Rs.25 lakh, Credit cards with limit
up to Rs. 5 lakh is Rs. _______.? : Rs. 10,000/-

transactions resulting in debits to their accounts / cards in other Current / Cash
Credit / Overdraft Accounts, Credit cards with limit above Rs.5 lakh is.
_______.? : Rs. 25,000/-
All the Best


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The Success 2019

A Collection of Frequently asked question in different Banking

Compiled by Arvind Kumar, CM, STC Kolkata

RBI Policy Rates

Compiled by Arvind Kumar, CM, STC Kolkata

3. When Ombudsman’s award is accepted by the customer, the bank is to

5. One Time Policy Guideline on MSME restructuring is applicable up to maximum

7. The Maximum age of of a Managing Director of a Banking company can be

Compiled by Arvind Kumar, CM, STC Kolkata

24. All SANJIVANI SCHEME compromise proposals up to Rs. 50.00 Lakhs to be

Compiled by Arvind Kumar, CM, STC Kolkata

33. The charge on movable assets without possession to be creted in charge

Compiled by Arvind Kumar, CM, STC Kolkata

46. A company is having immoveable property in Bangalore, its registered office is

47. Bearer uncrossed cheque can be paid to whom : To the bearer

48. M a minor wanted to become a partner of a firm. Out of partners A

60. The negotiation process of compromise or OTS should be considered on the

63. A branch has reported a fraud of Rs.15,000/- in a account, to whom to be reported ?

64. Unused STAR REWARDZ points will expire after – 36 Months

Compiled by Arvind Kumar, CM, STC Kolkata

73. For STAR SANJIVANI SCHEME eligibility purpose Asset code as

84. Branches should not open deposit/advances accounts of banned/terrorist

88. A branch has reported a fraud of Rs. 5 Lakhs in a account, to whom to be

90. FCNR (B) deposit can be accepted by banks in ____ currencies : 6

93. A document is signed by the borrower in Bengali ( Vernacular language). Is

94. Interest subvention on SME exporters is available to the extent of : 2%

Compiled by Arvind Kumar, CM, STC Kolkata

98. Gift Card can be issued up to Maximum amount of Rs._____/- 10,000/-

105. Under Sanjeevani scheme, what is the amount of UPFRONT MONEY? :

106. Maximum punishment by way of imprisonment for the offence committed

108. What type of charge is applicable on loan against term deposits in a

109. Under Sanjeevani scheme, compromise amount for accounts under

113. Garnishee Order is not applicable on : Un-used cash credit or overdraft

115. What is ‘Credit-Netting’ in Banking? :A system to reduce the number of

116. What is the periodicity for submission of R-Returns to RBI : Fortnightly

118. If a document has to be executed in different states and it attracts stamp

120. The facility of nomination is not available to Trust account because it is

121. What is repayment period allowed modified SANJIVANI SCHEME ? : 90

123.What is Line of credit in Banking? :Line of credit is an agreement or

125. In B region, the reply to letters in Hindi is to be given to the extent of

126. Within priority sector target of 40% of ANBC or CEOBE, whichever is

132. When Ombudsman’s award is accepted by the customer, the bank is to

Compiled by Arvind Kumar, CM, STC Kolkata

136. As per RBI guidelines, what is the Minimum amount of withdrawal

137. What is “Brownfield Project” in case of project financing ? – It Means to

138. What is Charge-off in Banking ? : Charge off is a declaration by a lender

144. What is “Hybrid Scheme” under CGTMSE ? : When the quantum of

148. Working capital requirement of a firm is required to be met through :

150. Star series notes relate to : Defective notes

153. The Term “ Black Revolution “ in agriculture related with ? Rubber

158. What is Financial Closure? : It means commencement of commercial

161. At the time of renewal of working capital limits of a partnership firm, it

169. A cheque is written in different hand-writings and different inks : It will

170. Opening of non-resident accounts by _____ has been allowed by RBI :

171. “ICCOMS” is related with which operation ? : Currency chest

172. Bailment of goods by a person to another person, to secure a loan is

173. When mortgage is created by a person by deposit of title deed orally, it is

174. What is limitation period of a Decree account ? : 12 Years

183. SARFAESI cannot be initiated in accounts with less than ____% of

185. Who can open NRE account : NRI

186. Overdraft amount of Rs. 10000/- sanctioned under PMJDY shall be

187. Maximum ______ number of persons can be accepted as nominee in

193. A bank branch receives a counterfeit note of Rs.1000, which customer

197. Islamic banking has the features of : Conservative banking