BSN Promotion Test Mock Test Papers 2015

==========================================================================================
With Best Compliments & Wishes
From
Shri ATUL KUMAR
PRINCIPAL,
STAFF COLLEGE,
BENGALURU.
10.06.2015.
A Collection & Compilation

By
BS NARAYANMURTY
MBA., MA., B.Com., B.L.,CAIIB
PG Dip in IRPM., DHLA., DIBF., CTF.,
Chief Manager[Faculty]
Discipline-in-Charge HR
STAFF COLLEGE,
BENGALURU-560083
DISCLAIMER: This is only a voluntary effort and the user have to verify actual circulars
and materials for correctness and I disown any responsibility in this matters.
UNION BANK OF INDIA :: STAFF COLLEGE:: BENGALURU
A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 2

RATES AS ON 10.06.2015
1 Union Bank Base Rate 10.00%
2 Union Bank BPLR 14.75%
RBI Announced RATES.
3 Bank Rate 8.25%
4 CRR 4.00%
5 SLR 21.50%
6 Repo Rate 7.25%
7 Reverse Repo Rate 6.25%
8 Marginal Standing 8.25%
Facility (MSF)
OUR BANK STATISTICS AS ON 31.03.2015
1 GLOBAL BUSINESS MIX(Crores) 5,79,627
2 DEPOSITS (Crores) 3,16,870
3 ADVANCES(Crores) 2,62,757
4 OPERATING PROFIT(Crores) 5,823
5 NET PROFIT(Crores) 1,782
6 GROSS NPA (%) 4.96%
7 NET NPA (%) 2.71%
8 PROVISION COVERATE RATIO 59.23%

(%)
9 RETURN ON ASSETS (%) 0.49%
10 PMJDY A/cs OPENED 45 Lacs
11 CUSTOMER BASE 49 Million
12 BRANCHES 4078
13 FOREIGN BRANCHES 3
14 SERVICE BRANCHES 47
15 EXTENSION COUNTERS 31
16 ATMs 7,020
17 CRAR BASEL III [%] 10.22%

TEST BOOKLET NO.BSN1960101

1 The legal audit should be conducted for all mortgage based retail loan accounts with
outstanding of Rs._________ Lakh and above and falling under SMA II category as on 30 th
April every year.
a.5 lac b. 10 lacs c. 25 lacs d. 50 lacs e. 100 lacs
2 What is TAT for housing loans in our bank?

a. 2 days
b. 5 days
c. 7 days
d. One fortnight
3 Father of Satish Kumar has already a co applicant in case of education loan granted to his
Son Mr. Sunil for 4.00lac. Now the father approaches the bank for education loan of 4.00
lac for his daughter Sunita.We will
1. Refuse as the previous loan of his Son is still outstanding
2. Sanction but stipulate collateral of Rs.8.00lac
3. Only one education loan per family can be sanctioned
4. Sanction as the security, margin etc are applicable to the individual & not family.
4 For Micro Enterprises _____% of ANBC OR Credit Equivalent amount of Off-balance sheet
exposure, whichever is higher achieved in a phased manner by 2017.
a) 5 b) 6 c) 7.5 d) 4.5 e) 13.5
5 The maximum tenure permissible under Union Reverse Mortgage ?
a. 10 years
b. 5 years
c. 15 years
d. 20 years
6 Quantum of loan under UNION TOP-UP is

e. Upto 50% of EMIs repaid in Home Loan account
f. Minimum of Rs. 50000/-
g. Maximum of Rs.500000/-
h. B & C
7 Name the three partner companies in Star Union Dai ichi life Insurance Co. ltd.:
a. Union Bank of India, Bank of India , Dai ichi Motor Insurance Co. ltd.
b. Union Bank of India, Indian Bank, AIG life Insurance Co. ltd.
c. Union Bank of India, Bank of India, Dai Ichi Life Insurance Co. ltd
d. Union Bank of India, Oriental Bank of Commerce, Dai ichi life
insurance co. ltd.
8 As per revised guidelines, Loans for Food and Agro processing up to an aggregate
sanctioned limit of Rs.______Crores per borrower from the banking system is permitted
under Agriculture infrasture.
a) 10 b) 15 c) 25 d) 50 e) 100

9 Loans for construction of storage facilities (warehouses, market yards, godowns & soils)
including cold storage units/cold storage chains desisgned to store agriculture produce,
irrespective of their location, Soil conservation and watershed development, and Plant
tissue culture and agri-biotechnology, seed production production of bio-pesticides, bio-
fertilizer, and vermin composting for these purposes an aggregate sanctioned limit of
Rs._______Crore per borrower from the banking system will apply.
a) 5 b) 10 c) 25 d) 50 e) 100
10 Rate of Interest is to RESET under Reverse Mortgage Loan as under:
e. Once in every 3 Years

f. Once in every 5 Years
g. Once in every 3 Years
h. Once in every 2 Years
11 Bank loans to any governmental agency for construction of dwelling units or for slum
clearance and rehabilitation of slum dwellers subject to a ceiling of __________ per
dwelling unit.
a) Rs.10 lakh b) Rs.15 lakh c) Rs.12 lakh d) Rs.11 lakh
12 What is the maximum quantum of loan that can be sanctioned under Union Cash for
family pensioner:
a. 3.00 lakh
b. 2.00 lakh
c. 1.00 lakh
d. 2.50 lakh
13 Find which is not correct as per recent revised guidelines by RBI:

a) Farmers with landholding of up to 1 Hectare re considered as Marginal Farmers.
b) Farmers with a landholding of more than 1 hectare and up to 2 Hectares are
considered as Small Farmers.
c) Loans up to Rs.5 Crore to co-operative societies of farmers for disposing of the
produce of members.
d) 7.5% of ANBC or Credit Equivalent amount of Off-balance sheet exposure,
whichever is higher to be achieved in a phased manner i.e. 7% by Mar, 2016 and
7.5% by Mar 2017.
e) All the above
14 Maximum quantum of loan under Union Share is
a. 10 lacs
b. 25 lacs
c. 20lacs
d. 50 lacs
15 Repayment period for education loan above Rs 7.50 lacs is:

1. After course and moratorium period, 10 years
4. After 10 years
5. After 12 years
6. After 15 years
16 What is the minimum quantum of loan that can be sanctioned union health scheme:

a. 5 lakh
b. 2 lakh
c. 20 lakh
d. 1 lakh
17 In Union Personal for Union Home borrowers what is the maximum quantum of loan?
a. 3 lakh
b. 5 lakh
c. 5% of the housing loan limit subject to 5 lakh
d. 10 lakh
18 Within the 18% target for agriculture, a target of ______% of ANBC or Credit Equivalent
Amount of Off-balance sheet exposure, whichever is higher is prescribed for Small and
Marginal Farmers, to be achieved in a phased manner by March, 2017.
5 b) 6 c) 7.50 d) 8 e) No such limit
19 Bank loans to Micro and Small Enterprises (MSE) engaged in providing or rendering of
services will be eligible for classification as direct finance to MSE Sector under priority
sector up to an aggregate loan limit of_______ crore per borrower / unit provided they
satisfy the investment criteria for equipment as defined under MSMED Act, 2006.
a) Rs. 1 crore b) Rs. 2 crore c) Rs. 3 crore d) Rs. 4 crore e) Rs. 5 crore
20 As per revised guidelines, overdrafts extended up to Rs _______ under Pradhan Mantri
Jan-Dhan Yojana (PMJDY) accounts provided the borrowers household annual income in
rural areas does not exceed Rs. ________ & for non-rural areas it should not exceed Rs
______.
a) 5,000; 1,00,000; 1,60,000 b) 1 lac; 50,000;1,00,000
c) 50,000; 60,000;1,00,000 d) 1 lac; 60,000;1,20,000
21 Loans to Corporates including farmers', producer companies of individual farmers,
partnership firms and co-operatives of farmers directly engaged in Agriculture and Allied
Activities, viz., dairy, fishery, animal husbandry, poultry, bee-keeping and sericulture (up to
cocoon stage) up to an aggregate limit of Rs.2 crore per borrower can be classified as
finance to:
a) Farm Credit b) Agril infrastructure c) Ancillary activities.d) None of the above
22 For the purpose of identifying the economically weaker sections and low income groups,
the family income limit of _________ per annum, irrespective of location, is prescribed.
a) Rs. 1,00,000 b) Rs. 1,50,000 c) Rs. 1,20,000 d) Rs. 2,00,000
irrespective of their location, Soil conservation and watershed development, and Plant
tissue culture and agri-biotechnology, seed production production of bio-pesticides, bio-
fertilizer, and vermin composting for these purposes an aggregate sanctioned limit of
Rs._______Crore per borrower from the banking system will apply.
1. 5 b) 10 c) 25 d) 50 e) 100
24 Swarna Jayanti Gram Swaraozgar Yojana (SGSY) scheme was restructured as _________to
make it universal in application, focused in approach and time bound for poverty
eradication by 2014-15.
a) National Rural Livelihood Mission
b) National Rural Employment Generation Scheme.
c) National Rural Employment Generation Programme.
d) Included in the revised SJSRY Scheme.
None
25 Bank loans to Housing Finance Companies (HFCs), approved by NHB for their refinance, for

on lending for the purpose of purchase / construction / reconstruction of individual
dwelling units or for slum clearance and rehabilitation of slum dwellers, will be classified
as priority sector provided .
a) Maximum loan per borrower does not exceed Rs. 10 lac.
b) Maximum loan per borrower does not exceed Rs. 20 lac.
c) The all inclusive interest rate charged to the ultimate borrower is not exceeding lowest
lending rate of the lending bank for housing loans plus two percent per annum.
d) Maximum loan per borrower does not exceed Rs. 25 lac.
e) Both (a) and (c)
ANSWERS
1 B 11 A 21 A
2 B 12 C 22 D
3 D 13 E 23 E
4 C 14 C 24 A
5 D 15 C 25 A
6 D 16 B 26
7 C 17 C 27
8 E 18 D 28
9 E 19 E 29
10 B 20 A 30

1 The Central Board of RBI consists of:
a) One Governor b) Maximum four Dy. Governors
c) 14 Directors d) All of the above
2 Ombudsman scheme is framed under which Act:
a) Section 35 A of BR Act b) Section 35 A of RBI Act
c) Section 42 of RBI Act d) Ombudsman scheme rules 1995
3 A Banking company can hold immovable property for its own use for a period ______:
a) Of three years b) Of five years
c) Exceeding five years d) Exceeding seven years
4 Net interest income (NII) is calculated using the following formula:
a) Interest income Total expenses
b) Total income Interest expenses
c) Interest income Interest expenses
d) Total income Total expenses
5 N.I.M. calculated using the following formula:
a) NII /Average total liabilities
b) NII /Average Total Assets
c) Total Interest Income /Average Total Assets
d) Total Interest Income /Average Total Liability
6 Out of the following who can endorse a Negotiable instrument?
a) Illiterate person b) Minor c) Blind Person d) Married woman e) All above
7 What is the meaning of Executor?
a) A person named in the Will to manage the properties of the deceased.
b) A person appointed by judicial court to manage the properties of the deceased.
c) A beneficiary mentioned in the Will but does not want the benefit.
d) A person appointed by the court to realize the assets of the deceased.
e) None of these.
8 Mr. Suresh Dubey is maintaining a Locker and a Fixed deposit receipt in your Branch.
While opening he made nomination of Deposit in favour of Wife and Locker to his Daughter.
You came to know that Mr. Suresh Dubey expired. If the Nominees not turn up to the bank in
a reasonable time within what time your branch will inform to the nominees. What is time
limit?
a) In case of Locker 3 months & Deposits it is 6 months.
b) In case of Locker 6 months & Deposits it is 3 months
c) In case of Locker 2 months & Deposits it is 1 months
d) In case of Locker 1 months & Deposits it is 2 months
e) No such restrictions imposed, bank can inform leisurely.
9 Career Endowment and Wedding Endowment option are available in :
a. Bright Child Plan
b. Guaranteed Money Back Plan
c. Elite Assurance Plan
d. Jeevan Safar Plus Plan
10 Interest on SB A/cs shall be paid on daily balance basis w.e.f.______as per RBI directives?
a) 01.04.2010 b) 01.04.2011 c) 01.04.2009 d) 01.09.2010 e) None
11 What is the daily transaction cap per customer under Mobile Banking transactions for both
Funds transfer and Purchase of good and services.
a) Rs.10000 b) Rs.20000 c) Rs.25000 d) Rs.50000 e) Only Rs.1000
12 Banks are publishing quarterly results as per the guidelines issued by____________.
a) RBI b) Govt. of India c) SEBI d) BR Act, 1949 e) IBA guidelines.
13 Which of the following can endorse a negotiable instrument?
a) A minor b) Married woman c) An illiterate person
d) Blind persons e) All the above
14 ALCO is headed by_________ ?
a) GM Treasury b) ED or CMD c) RBI Dy. Governor d) IBA Chairman e) None
15 What is the penalty to be paid by a Bank in case of delay taken place in RTGS?
a) SB interest rate b) Bank rate + 2 c) Reverse repo rate d) 5% e) None
16 . In case of a deceased case under BCSBI codes, the account shall be settled within a period of
_________days after submitted all documents including death certificate.
a) 15 b) 30 c) 45 d) 60 c) 90
17 Banker has to close the account with in_____days if customer applies for closure.
a) 1 b) 3 c) 10 d) 15 e) No such provision, immediately shall close
18 Under Right to Information Act Banks have to maintain the records for a period of ____yrs.
a) 8 b) 10 c) 15 d) 20 e) 25
19 Banking ombudsman will be appointed by.?
a) Govt of India b) Finance Ministry c) IBA d) RBI e) SEBI
20 The maximum compensation that can be imposed by Banking Ombudsman is Rs.____lakhs.
a) 1 b) 5 c) 10 d) 15 e) No such limit.
21 Mr.Kesav and Mr. Madhav have a Locker account a/c in your branch under the
operation mode of Either or Survivor. One day morning you received a letter from
Mr. Kesav that the locker key is lost. But on the same day evening Mr.Madhav came to your
branch with locker key for operation of the locker. What you will do?
a) ask him to lodge a FIR with police
b) not to allow operation
c) operation can be allowed jointly.
d) change the locker key since reported lost.
e) inform the situation to RO for guidance.
22 Mr. Jagdish Prasad has opened a Current Account on 25.01.2011. Branch issued a Cheque
Book to him on 31.01.2011. He issued two cheques, one dated 20.01.2011 for Rs.10000/- And
another dated 28.01.2011 for Rs.30000/-. Both came to clearing for payment, Which cheque
will be paid?
1. Cheque dated 20.01.2011 can be paid safely.
2. Cheque dated 28.01.2011 can be paid safely.
3. Both cheques shall be returned since no cheque book was given on those dates.
4. Both cheques can be safely paid.
5. Refer the matter to RO for guidance.
23 The period of validity of Postal Identity card is _____Years from the date of its issue.
a) 1 b) 2 c) 3 d) 5 e) No such limit, it is valid for ever.
24 If PAN is not submitted by the Depositor, Bank has to deduct TDS, at what rate it will Deduct
TDS?
a) 10% b) 15% c) applicable rate or 20% whichever is higher. d) 12.5% e) None
25 Any Creditor of the Company can apply to a Court for Winding up of the Company if the Dues
are Rs.______and more.
a) Rs.500 b) Rs,5000 c) Rs.50000 d) Rs.100,000 e) No such limits.
26 The maximum number of Partners in a Limited Liability Partnership firm for the purpose of
General business required?
a) 10 b) 7 c) 20 d) No limit e) 2
27 The Registration of Limited Liability Partnership firm will be done at___________?
a) Registrars of Firms, b) Registrar of Assurances c) ROC d) Regn is optional e) None
28 What is the relationship between the Banker and Customer in case of goods left by the
Customer by mistake ?
a) Bailor & bailee b) Bailee & bailor c) Trustee & beneficiary d) Lessor & Lessee e) Nil

29 Base rate system was introduced in banking by RBI w.e.f
a) 01.04.2010 b) 01.07.2010 c) 01.01.2011 d) 01.04.2009 e) None
30 MICR code in cheques consisting of __________digits?

a) 9 b) 10 c) 15 d) 17 e) 12
31 All loan applications up to a limit of Rs.5 lac under PSA shall be disposed within. *
a) 2n weeks b) 3 weeks c) 8 Weeks d) 21 days e) None
32 The eligibility criteria for loans under DRI Scheme raised to Rs._______for Rural and to
Rs.______for Urban areas as per Central Govt. guidelines.
a) 8400 & 12500 b) 12000 & 18000 c) 18000 & 24000 d) 12500 7 18000 e) None
33 All Public Sector Banks can lend up to Rs.______under DRI Scheme at 4% interest rate for
The purpose of Housing including IAY as per Govt. of India pronouncements.
a) Rs. 15000 b) Rs.10000 c) RS.5000 d) Rs.20000 e) Rs.25000
34 The extent of coverage under CGTMSE for Micro units upto Rs 5 lacs:
a) 75% with maximum amount of claim upto Rs.4.50 lacs.
b) 80% with maximum amount of claim upto Rs.4.25 lacs.
c) 85% with maximum amount of claim upto Rs.4.25 lacs.
d) 75% with maximum amount of claim upto Rs.4.00 lacs.
e) None
35 Union Mitr is a programme like_______ initiated by Union Bank for Rural masses.
a) Financial inclusion b) IT Education c) Financial Education e) Loan scheme e) None
36 Under the Turn over method, the Working Capital need is computed at
a) 25% of the projected turnover accepted by the bank.
b) 20% of the projected turnover accepted by the; bank.
c) 5% of the projected turnover accepted by the; bank.
d) 33.33% of the projected turnover accepted by the; bank.
e) At the discretion of bank.
37 Union Smile Scheme is open to..

a) Pensioners only b) Salaried persons only c) Any Customer
d) Pensioners and Salaried persons who draws from our branch e) None
38 Maximum loan amount under Union Cash Scheme in case of pensioner age up to 70 is.
a) Rs.60000 b) Rs.75000 c) Rs.12 months pension or Rs.1.00 lac d) Rs. 12 months pension
maximum subject to Rs.3.00 lac. e] None
39 Which is the Bank which started Mobile Banking first in India?
a) PNB b) Andhra Bank c) SBI d) HDFC e) UNION BANK
40 Under Union Top Up scheme a Housing Loan borrower who repays repayment regularly for
_______months is eligible to avail another loan under Union Top Up for repairs expenditure.
a) 12 months b) 18 months c)24 months d) 36 months e) None
41 Under Agency commission of RBI for handling Govt. business banks will get commission of
Rs._______every receipt in physical mode w.e.f. 01.07.2013.
a) Rs.35 b) Rs. 40 c) Rs,50 d)Rs. 60 e) Rs.55
42 For payment of pension banks will get a commission of Rs.______per transaction?
a) Rs.60 b) 0.09 paise for Rs.100/- c) Rs.65 d) Rs.55
43 In Housing Loans the loan in the slab of above Rs.500 lacs to be branded as _______?
a) Super home loan
b) Star Home Loan
c) Premium Home loan
d) High Tech loan
e) No such classification.
44 What is the rate of interest to be charged on Home Loans above Rs.500 lacs?

a) BPLR + 1.00 b) Base Rate + 0.75% c) Base Rate + 0.50% d) Base Rate+ 1.50% e) None
45 What is the present Bank Rate?
a) 6% b) 7.25% c)9.00% d) 8.25% e) 4.75%
46 The Drawee of a Cheque is always a
a) Customer b) Paying Banker c) Collecting Banker d) Payee e) None
47 What is the percentage of subsidy component available for SC/ST farmers under Rain Water
Harvesting Scheme?
a) 25% b) 15% c) 35% d) 50% e) 30%
48 The minimum amount accepted for remittance under RTGS?
a) Rs.1 lac b) Rs.2 lac c) Rs.3 lac d) Rs.5 lac e) No base rate.
49 There is a Senior Citizens Deposit Scheme 2004. What is the maximum amount that can be
Accepted under the scheme?
a) Rs.5 lac b) Rs.10 lac c) 15 lac d) Rs.20 lace e) No such limit.
50 The Lock period for claim lodgement in CGTSME has been reduced to ______months.
a) 6 b) 12 c) 18 d) 24 e) Not reduced.
51 Exposure to Film Industry?
The Exposure to Film Industry and Media Entertainment at any point of time shall be
restricted to Rs.1000 Crores.
52 As per revised RBI guidelines, Banks overall exposure to Capital Market {Fund & Non Fund
based] is pegged at 40% of Net worth [Capital + Free Reserves Less Debit Balance in P&L and
Intangible Assets) as of March of previous year.
53 The Delegation of CRE proposals vests with Central Office only. This restriction on delegation,
however, shall not be applicable to the Retail Lending Schemes like Union Home and its
variants, Union Mortgage, Union Rent, Union Health etc, though the advances under these
categories are classified as Real Estate.
54 The overall exposure to Real Estate segment shall be restricted to 25% of Banks total credit
of the previous year. Within the overall ceiling of 25% Direct exposure shall be restricted to
17% [ residential mortgages 14% & Commercial Real Estate 3%] and indirect
exposure to 8%..
55 What is the Validity period of sanctioned loans?
All sanctions, if not availed within a period of 3 months in case of Working Capital facilities
and 6 months, in case of Term Loans would lapse and require validation from the competent
authority.
56 LOC can be issued maximum for 360 days for raising External Commercial Borrowings [ECBs]
for working capital requirement and maximum for 3 years for raising ECBs for capital goods.
57 Mid Corporate Vertical (MCV) : With an objective to target the specialized segment of the
economy, MCV shall be revived at Central Office which will handle Mid Corporate Branches
proposals with thresh hold credit limit above Rs.100 crores and up to Rs.200 crores.
58 What is the Exposure limit for Microfinance Institutions (MFIs) ?

Overall exposure cap for MFI segment shall be 3.00% of priority sector advance as of 31st
March, of preceding financial year. Further, exposure to single MFI shall be restricted to
Rs.500 crores.
59 In case of renewable energy banks loans for individual households, will be _______lakhs per
borrower.
a) Rs.0.50 lakh b) Rs.1.00 lakh c) Rs.2.00 lakh d) Rs.5.00 lakh e) Rs.10.00 lakh
60 For the purpose of identifying the economically weaker section and low income groups, the
family income limit of Rs.______per annum, irrespective of the location is prescribed.
1. 1.00 lac b) 2.00 Lac c) 4.50 lac d) 5.00 lac e) 1.60 lacs


1 D 11 D 21 C 31 C 41 B 51
2 A 12 C 22 D 32 C 42 C 52
3 D 13 E 23 C 33 D 43 C 53
4 C 14 B 24 C 34 C 44 B 54
5 B 15 B 25 D 35 C 45 D 55
6 E 16 A 26 D 36 A 46 B 56
7 A 17 B 27 C 37 D 47 D 57
8 A 18 D 28 C 38 D 48 B 58
9 A 19 D 29 B 39 E 49 C 59 e
10 A 20 C 30 D 40 C 50 C 60 b


1 Validity period of the Kissan Credit Card (UGC) is:
a) 3 years b) 5 years c) 1 year d) now no period prescribed e) none
2 What is the maximum age of life assured at entry in Dhan Suraksha Plus Plan?
a. 50 years
b. 40 years
c. 35 years
d. 55 years
3 Loans to farmers up to Rs.______ against Pledge/hypothecation of agricultural produce

(including warehouse receipts) for a period not exceeding 12 months, irrespective of whether
the farmers were given crop loans for raising the produce or not now parts of direct agriculture
advance.
a) Rs.5 lakh b) Rs.10 lakh c) Rs.15 lacs d) Rs.50 lacs e) now no limit fixed.
4 Loans to Corporates, Partnership firms and institutions engaged in Agriculture and applied for
a loan of Rs.2.00 Crores for raising Crops. Now this loans will be classified as:
a) Direct Agri b) Indirect Agril c) MSE d) All the above e) None
5 Bank Loans to Food and Agro processing units up to an aggregate sanction limit of Rs.100
Crores per borrower from banking system will form part of:
a) Indirect Agril b) Agriculture c) MSE provided investment criteria d) Other Adv e) None
6 The Banking Ombudsman is appointed by:
a) RBI b) Govt of India c) IBA d) Supreme Court e) UPSC
7 The word Customer is defined in______?
a) Banking Regulation Act, 1949

b) KYC guidelines issued by RBI
c) Banking Ombudsman scheme
d) BCSBI
e) None
8 U/s.108 of Indian Evidence Act if a person has been missing for a period of____years or more it
can be presumed by the court that he is legally dead.
a) 5 b) 3 c) 12 d) 7 e) 10
9 The following is not eligible to become a member of a Partnership firm as per Supreme Court
judgment?
a) Minor b) Company c) HUF d) Blind person e) Pardaneesin woman
10 What is the maximum number of individuals that can be permitted in a joint account as per the
RBI directives?

a) 2 b) 5 c) 4 d) 7 e) No such limit prescribed.
11 Ram and Shyam have a SB Account in your branch with E or S mandate. A cheque was issued
for Rs.10000/- by Mr. Ram but the validation of the cheque is extended by Mr. Shyam under
his signature. What you will do when it presents for payment?
a) Return the cheque

b) Pass the cheque after getting confirmation from Ram
c) Pass the cheque
d) Return the cheque
e) seek guidance from RO
12 The Number of persons in a Partnership firm shall not exceed 10 in case of Banking business
and 20 in case of other business. Which act provides this?
a) Banking Regulation Act, 1949.

b) U/s.18 of Indian Partnership Act, 1932
c) U/s.11 of Company Act, 1956
d) RBI guidelines issued under Sec.35
e) None
13 Minimum and maximum number of persons required under Limited Liability Partnership?
a) 2, & 20 b) 7 & 50 c) 2 & 50 d) 2 & no maximum limit e) 2 & 10
14 What is the rate of insurance premium to DICGC on bank deposits.?
a) 0.05 paise per Rs.100/- b) 0.10 paise per Rs.100/- c) 0.15 Paise per Rs.1000 d) None
15 In case of deposit account in the joint names of X and Y the nominee is A. Mr. X died in an
accident. The balance is payable to:
a) Nominee A with legal heirs of X

b) Nominee A, Y and legal heirs of X
c) Y and legal heirs of X
d) Nominee Mr.A
e) NOne
16 In case of deceased account bank to inform nominee in case of Deposit account within a
period of _____months and in case of Locker a/c the same is in ______months.
a) 2 & 3 b) 3 & 6 c) 1 & 2 d) 6 & 3 e) No time frame is fixed.
17 What is the maximum amount that can be deposited under Tax Saver Scheme?
a) Rs5 lacs b) Rs.10 lacs c) RS.3 lacs d) Rs..1 lac e) No such limit prescribed.
18 The TDS is not applicable for the following deposit a/c.
a) FDR b) DRIC c) SDR d) Cumulative Dep e) None
19 What are the Non-Resident A/cs which are not subject of TDS deduction?
a) NRE b) FCNR c) RFC d) All of the above e) None of the above
20 Banks have to submit Form 15H and 15G to Income Tax Department within______days of the
following month:

a) 10 b) 12 c) 15 d) 7 e) 30
21 If PAN is not submitted by the Depositor, in such case the TDS to be deducted at the rate of
_____% ?
a) 10 % b) 20% c) 25% d) 30% e) 35%
22 What is the period of time for preservation of documents like Address proof, identity proof,
taken at the time of opening of account after closure of the a/c.
a)12 years from the date of opening of account
b) 10 years from the date of opening of account.
c) 05 years from the date of closure of the account
d) 12 years from the date of closure of the account
e) none
23 Up to what loan amount banks need to lend under Consortium finance?
a) Rs. 5 Cr b) Rs.10 Cr c) Rs.20 Cr d) Rs.50Cr e) No limit now
24 RBI permitted banks to pay differential rate of interest in case of SB accounts where SB balance
is _________
a) Rs.1 lac and above b) above Rs.1 lac c) Rs.5 lac & above d) Rs.10 lac & above e)None
25 Probate is issued by________Court under__________Act:
a) High court & Hindu Law b) Supreme Court & Succesion Act
c) High court and Indian Succession Act d) Any court and HUF e) None
26 A person in order to dispose his assets after his death appoints_____by his WILL and if there is
no WILL the Court can be approached to appoint__________to dispose of the assets of the
deceased:
a) Probator & Receiver b) Administrator & Executor c) Executor & Receiver

d) Executor and Administrator e) None
27 Under which section of NI Act, 1881 defined the A/c Payee Crossing?
a) 127 b) 125 c) 126 d) 128 e) None
28 Account Payee Crossing is a direction to:

a) Collecting Bank b) Paying Bank c) both a & B d) none
29 A scanned image of a paper cheque along with the digital signature of the collecting bank is
called:
a) e-cheque b) scanned cheque c) digital cheue d) truncated cheque e0 none
30 Mr. Sachin and Mr. Dhoni have a locker facility to be operated on E or S basis. Mr.Sachin came
to the bank and informed that the Key of the locker is lost. The next day Mr. Dhoni comes and
wants to operate the Locker. What you should do as a banker?
a) allow operation by Mr Dhoni as it is E or S a/c b) operation to be allowed jointly

c) inform to the police station d) Change the key as it is reported lost e) None
31 Which contract is a contract of utmost good faith?
a) employment contract b) insurance c) marriage d) Guarantee e) loan agreement
32 In case of Credit Cards Banking Ombudsman can award maximum compensation up to:
a) Rs.10 lac b) Rs.5 lac c) Rs.2 lac d) Rs.1 lac e) No such limit

33 As per Right to Information Act, 2005 provides that the records should be preserved for a
________years.
a) 5 b) 10 c) 12 d) 15 e) 20
34 Remittance of above Rs50 lacs and upto Rs.100 lacs to be escorded by _______ Armed Guards:
a) 1 b) 2 c) 3 d) 4 e) 5
35 Mr. Samal while using ATM of your bank no cash is received but his account has been debited.
Within what time limit the amount has to be credited back to his account as per RBI guidelines
after a formal complaint has been lodged by him:
a) 12 days b) 10 days c) 7 days d) No such time frame e) None
36 Customer timings for RTGS transactions in week days is:

a) 9 am to 3 pm b) 9 am to 4.30 pm c) 9 am to 3.30 pm d) 10 am to 4.30pm e) none
37 What is the Customer timings under RTGS on Saturdays:
a) 9 to 14.00 hrs b) 9.30 to 1.30hrs c) 9 to 13 hrs d) 9 to 15.30hrs e) 9 to 16.30 hrs
38 Minimum amount that can be remitted through RTGS:
a) Rs.5 lac b) Rs.1 lac c) Rs. 2 lac d) Rs.any amount e) Rs.500
39 What is the penalty in case of delay beyond the time limit in case of RTGS:
a) Rs.100 per day b) Bank rate + 2% c) Repo rate + 3% d) SB interest e) None
40 Under the Union Support ______% of Guarantee to CGTMSE will be borne by the Bank:
a) 50) b) 25% c) 100% d) 75% e) Not eligible under the scheme.
41 Validity period of ATM Card is _____while Credit card validity is______
a) 5 & 1 b) 3 & 5 c) 3 & 3 d) 5 & 3 e) no such limits
42 Your bank advanced to a Women enterprise of Rs.60 lacs which was under CGTSME, in case if
the advance becomes NPA how much amount can be paid by CGTSME;
a) Rs.40 lacs b) Rs.45 c) Rs.48 lacs d) Rs.50 lacs e) Rs.60 lacs
43 Bank need not file a FIR with Police up to ____ pieces of counterfeit notes found in a single
transaction
a) 3 b) 2 c) 4 d) 1 e) No such limit
44 The proposal has to be cleared at the Branch level in ______days incase of it pertains to
Mincro and Small Enterprises:
a) 5 days b) 7 days c) 10 days d) 12 days e) No such limit
45 An account was opened on 15.12.2012 and the cheque book was issued on 20.12.2012. Two
cheques one dated 05.12.2012 and another 17.12.2012 are received for payment, which one
can not be paid?
a) Cheque dated 05.12.2012 b) Cheque dated 17.12.2012 c) both can be paid safely
d) both cannot be paid as cheque book not issued at the time of issue dates e) None
46 In case of RTGS what is the time lag between the Customer timing and Inter bank timing for
week days?
a) 1 Hour b) 1 Hour & 30 Min c) 2 Hrs d) 2 Hrs & 30 min e) None

47 What is the present CRR?
a) 6% b) 5% c) 4.00% d) 5.50% e) None
48 What is the minimum and maximum within which band RBI now can vary CRR?
a) 3% to 15% b) 3% to 20% c) 3% to 25% d) Without any limit e) none
49 For setting up of White Label ATMS, the net worth of the Corporate must be: 100 crores
a) 50 b) 100 c) 250 d) 300 e) 500
50 Banks have to maintain minimum percentage of CRR on their NDTL with RBI. What is the rate
of interest is paid by RBI on the CRR balances of banks?
a) Bank rate b) Repo rate c) 3% d) No interest paid e) 5%
ANSWER SHEET TEST BOOKLET NO.BSN1960103

1 B 11 C 21 B 31 B 41 D
2 A 12 C 22 C 32 D 42 B
3 D 13 D 23 E 33 E 43 C
4 A 14 B 24 B 34 B 44 B
5 B 15 C 25 C 35 C 45 C
6 A 16 D 26 D 36 B 46 B
7 B 17 D 27 E 37 A 47 C
8 D 18 E 28 A 38 C 48 D
9 C 19 D 29 D 39 B 49 B
10 C 20 D 30 B 40 C 50 D
TDS even on Cumulative deposits from 01.06.2015 as per budget pronouncements.


1 How many types of Mortgages are there?
(a) 4 (b) 6 (c) 5 (d) 8 (e) 3
2 Micro Credit means credit not exceeding Rs.________________per borrower.

(a) Rs. 2 lac (b) Rs.20000 (c) Rs.25000 (d) Rs.40,000 (d) Rs.50,000
3 No person other than RBI or Govt of India can issue a promissory note or bill of exchange
marked payable to bearer on demand. This rule was incorporated in which act?
(a) Sec 31 BR Act, 1949 (b) Sec 31, RBI Act, 1934 (c) NI Act, 1881 (d) IBA guidelines
(e) None.
4 In Cheque Truncation System clearing the physical cheque is kept with the______
(a) Presenting Banker (b) Drawee Bank (c) Beneficiary (d) Repository (e) NOA
5 Public Holiday under NI Act, 1881 are declared under Sec________of the act.
(a) 21 (b) 22 (c) 25 (d) 24 (e) 20
6 Probate is issued by the court in case of ..

(a) If a person dies intestate. (b) If a person dies by leaving will
(c) To execute the will of deceased (d) Both b & C (e) None.
7 For opening of account in the name of Administrators the Bank requires.
(a) Probate (b) Will of the deceased approved by Court (c) Letter of
Administration. (d) Deed of Agreement (e) None.
8 In a partnership there are 4 Major Partners and One Minor partner. In the absence of specific
instructions who will sign on the Cheques.?
(a) All the Partners including Minors.
(b) All Partners and Guardians of Minors.
(c) All the Four Major partners will sign
(d) Bank will ask specifically who will operate the a/c and return the cheque. (e)
None
9 In a Bank A/c Mr. Satish Agarwal has a Credit balance of RS.30,000/- at the time of ITO
attachment Order for Rs.50,000/-, later a sum of Rs.35,000/- Credit to his A/c. But Party
expired meanwhile, what to do?
(a) Can not be debited since party expired.
(b) Can be honoured by taking legal heirs consent.
(c) Subsequent Credit can be attached even if party expired.
(d) Not to honour since at the time of receiving ITO order no sufficient balance. e)
NONE.

10 Balance Sheet of BSN & Co ltd., shows as follows:

LIABILITIES ASSETS:
Paid Up Capital 20 Fixed Assets 14
Free Reserves 5 Land & Building 6
Sundry Creditors 8 Good Will 2
Other Short term loans 4 Profit & Loss A/c 1
Current Assets 20
Cash on hand 2
Cash at Bank 2
What is the Current ratio.?
(a) 1: 2 (b) 2:1 (c) 1.5 : 1 (d) 1.33 : 1 (e) None.
11 What is the Net Worth of the Company?

a) 13 (b) 25 (c) 22 (d) 24 (e ) None.
12 What is the amount of intangible assets?

(a) 1 (b) 3 (c) 2 (d) 8 (e) None
13 In a Trust A/c A, B, and C are Trustees. In the Trust Deed there is no mention was made
regarding operation of the account. However, all the trustees unanimously authenticated Mr.
A to operate the account.. Now Bank
(a) Bank has to accept since all trustees agreed unanimously.
(b) If no mention is made regarding operation then all have to sign on the cheques.
(c) If no mention is made regarding operation then they can authenticate any one by a
resolution to operate the account.
(d) a and c e) None.
14 For opening of an account in the name of Executors, bank has to scrutinize.

(a) Letter of administration (b) Probate (c) Codicil (d) Succession cert. (e) None.
15 Limitation period can be extended in case of

a) Suits (b) Appeal (c)_ Application (d) All the three (d) None
16 A Borrower has a Cash Credit limit of RS.100000/-, margin is 40% and another book limit is also
available for RS.200000/- with a margin of 60% and now what would be the maximum drawing
power of the borrower.
(a) Rs.140.000 (b) 120,000 (c) Rs. 150,000 (d) Rs. 160,000 (e) Rs.200,000
17 The Summary of the Balance Sheet shows that, Fixed Assets 60 lakhs, Current Assets 30 Lakhs,
Net worth 90 lakhs, Current Liabilities 30 lakhs, and Cash on hand 30 Lakhs. Total of the
balance sheet would be ..
(a) 90 lakhs (b) RS.120 lakhs (c) Rs.130 lakhs (d) Rs. 160 lakhs (e) None.
18 Procedure for borrowing a Limited Company in excess of its paid up capital and reserves is laid
down in
(a) Memorandum of Association. (b) Articles of Association. (c) Company Act, 1956

(d) U/s 293(1) (d) Company act, 1956 (e) None.
19 In normal course Endorsee must give notice of dishonor. But the endorser may waive notice
and specifically written Notice of dishonor waived. In such a case it is called..
(a) Conditional endorsement (b) Sanse recourse endorsement (c) Facultative
endorsement.
(d)_ Partial endorsement (e) Restrictive endorsement.
20 Out of the following which is considered to be a fund based facility?

(a) Performance Guarantee (b) Bill of lading (c) Letter of Credit
(d) Working capital term loan (e) All the above.
21 No insolvency question will arise in the following case

(E) Minor (b) Lunatic (c) Private ltd co (d) Public ltd., co
(a) All the above
22 Presentment for payment does not required in case of

(a) Cheque (b) Promissory Note (c) Bills of Exchange (d) All the three (e) None.
23 As per Indian Stamp Act, 1899 every receipt must be stamped with Revenue stamp other wise
it is not presumed as correct receipt and not admissible in the court as evidence. However,
there is relaxation up to certain amount. Up to want amount revenue stamp is not necessary
for receipts.
(a) Up to Rs.20/- (b) Up to Rs.500/- (c)Up to Rs.5000/- (d) Up to Rs.501 (e)
None.
24 The committee related to Financial inclusion was headed by

(a) Chakravorthy (b) Rangarajan (c) Y V Reddy (d) Narayan Swamay (e) None.
25 What is the minimum sum assured under Jeevan Ashray Plan?
a. 5 lakh
b. 2 lakh
c. 10 lakh
d. None of the above
26 Under DRI Scheme maximum loan will be allowed

a) Rs.5000 (b) Rs. 7500 (c) Rs.10000 (d) Rs.15000 (e) None.
27 Which of the following persons can endorse a Negotiable Instruments?

(a) A Minor (b) Married Woman (c) An Illiterate (d) Blind persons (e) All the
above
28 Return of unclaimed deposits is required to be submitted to RBI under which act?

a) Sec 26 of BR Act, (b) Sec 26 RBI Act (c) Sec 26 Indian Contract Acat (d) KYC Norms (e)
None
29 Noting and protesting is not applicable to..

a) Promissory Note (b) Bills of Exchange (c) Cheques (d) Foreign Bills (e) None

30 Banking services delivered to a customer by means of a computer control system that does not
directly involve banks branch is called:
(a) Universal banking (b) Virtual Banking (c) Narrow Banking (d) Brick & Mortal
banking (e) None.
31 Repo transaction refers to..

(a) Absorption of liquidity by RBI (b) Sale of security which is Held to Maturity. (c)
Injection liquidity by RBI (d) Sale of security which is available for sale. ( e) None.
32 A Charge created by way of __________does not required registration with ROC in case the
borrower is a Company.
(a) Equitable Mortgage (b) Pledge (c) Simple Mortgage (d) both (a) & (c)
(e) None.
33 Which crossing restricts further negotiability of a Negotiable instrument?

a).Not Negotiable crossing (b) A/c Payee crossing (c) Special Crossing (d) General Crossing
34 A Savings Bank account holder has been prosecuted and is under arrest for a fraud involving an
amount Rs.10 crore. Now the Public Prosecutors representative has called on you with a
notice to stop operations of the account maintained with you. What will be the status?
(a) You will stop the transactions as per request (b) Customers mandate required.
(c) Inform Public Prosecutor to get a clearance from Head Office.
(d) Inform the Public Prosecutor that he has not authority to stop operations.
(e)The Bank requires orders from a competent court directing the bank to stop
operations.
35 ABC Bank ltd., maintains a current account in the Joint Name of A & B. The account is
operated as Either or Survivor. The Bank received a cheque of Rs.38,000 originally made for
RS.33,000. Though the cheque signed by A, the alteration on the cheque in the amount has
been made by B. What should the bank do?
(a) Pay and seek confirmation from A. (b) Refuse to pay. (c) Refer to Branch
Manager.
(d) The payment would be made as the alteration in the cheque is property
authenticated. (e) None
36 How many shares are included in NIFTY?

(a) 50 (b) 35 (c) 100 (d) 30 (e) None
37 Net interest income is:

(a) Interest earned on advances (b) Interest earned on Investments.
( c ) Total interest earned on advances & Investments
(d) Difference between interest earned and interest paid (e) None.
38 Mr. D.K. Soi and Mr. Satish kumar both jointly have a locker in Union Bank operationable by
either or survivor. Locker Key is reported lost by Mr,. D.K. Soi, and the next day Mr. Satish
Kumar came to Bank to operate the Locker. What the bank has to do.
(a) Bank will ask Mr. Satish Kumar to execute indemnity bond and then allow.
(b) Bank will allow Satish kumar to operate the locker.
(c) Bank informs Mr. Satish kumar, since key reported lost by Mr.Soi, consent of both

required to operate.
(d) Bank will consult Law Officer at Regional Office, for guidance. E) none
39 If there is no mention of interest rate in Bills of exchange or Promissory note then what is the
normal rate of interest that has to be charged legally.?
(a) 6% (b) 6.5% (c) 12% (d) 18% (e) None.
40 Not Negotiable crossing is a caution to:

(a) Drawer (b) Drawee (c) Payee (d) Endorsee (e) Endorsor.
41 The word Hypothecation defined in which act?

(a) Indian Contract Act, 1872 (b) Sale of Goods act, (c) Sarfaesi act, (d) Company
Law (e) None.
42 Govt. of India is providing Interest subvention of _____% in case of Crop loans given by Banks
to farmers up to RS.3 lacs at 7% interest.
(a) 1% (b) 3% (c) 2% (d) 3% (e) None
43 Profit to Sales is 2% and amount of Profit is Rs.5 lacs. What is the amount of sales.?
(a) RS.200 lac (b) Rs.250 lac (c) Rs.270 lac (d) Rs.300 (e) None.
44 Minimum number of persons required to form Public ltd Company?

a) 7 (b) 50 (c) 20 (d) 10 (e) None.
45 A owes B Rs.10,000/- and so B takes a Life Insurance Policy on A. A repaid all the loan amount
to B. Later on A died. B is now claiming the policy amount. Can B succeed in the claim?
(a) B has insurable interest at the time of taking policy but not now.
(b) Cannot be paid to B as it is payable to Bs legal heirs.
(c) Policy cancelled as the loan repaid to B, so no claim arise.
(d) B Can succeed in the claim even after loan is repaid.
(e) None of the above.
46 A Insured his property worth Rs.100,000/- against Fire for Rs.80,000/-. His actual loss in Fire is
Rs.50,000/-. How much amount will be paid by the Insurance company to Mr. A as per the
average clause in the policy?
(a) Rs.24,000 (b) Rs.30,000/- (c) Rs.32,000/- (d) Rs.40,000/- (e) None
47 Hindu Undivided Family is governed by which act?
(d) Indian Contract Act, 1872. (b). Hindu Succession Act, 1925 (c) Family Law, 1956.
(a) Indian Succession Act, 1925 (e) Indian Customs and Usage.
48 Stamp duty payable on a DP Note executed for Rs.10,00,000/-
(a) Rs. 0.10 (b) Rs. 0.25 (c) Rs .0.40 (d) Rs. 0.15 (e) None.
49 A usance bill dated 10th June, 1996 payable 60 days after sight and accepted on 13 th June, 1996
falls due for payment on.
(a) 12.08.1996 (b) 14.08.1996 (c) 17.08.1996 (d) 16.08.1996 (e) None.
50 The due date of a bills of exchange dated 22.11.2008 payable after month from the date of
the bill, what would be the due date?
a) 22.12.2008 (b) 23.12.2008 (c) 24.12.2008 (d) 25.12.2008 (e) None

ANSWERS- TEST BOOKLET NO.BSN1960104
1 b 11 b 21 e 31 c 41 c
2 e 12 b 22 b 32 b 42 c
3 b 13 b 23 c 33 b 43 b
4 a 14 b 24 b 34 e 44 a
5 c 15 d 25 b 35 d 45 d
6 d 16 a 26 d 36 a 46 d
7 c 17 b 27 e 37 d 47 e
8 c 18 d 28 a 38 c 48 b
9 c 19 c 29 c 39 d 49 b
10 b 20 d 30 b 40 d 50 c


1 Buy Now Pay Now is applicable to _____ transactions:
a) Debit Cards b) Credit Cards c) Smart Cards d) Gold cards
2 PIN in Smart Card is called _________:
a) Permanent Index Number b) Personal Identification Number
c) Personal Index Number d) Permanent Identification Number
3 Matured, but not paid, term deposits are treated as:
a) Demand Liability b) Time Liability c) No Liability d) Contingent Liability
4 Out of the following who is Garnishee under a Garnishee Order?
a) Judgement Creditor b) Judgement Debtor c) Bank d) None of these
5 A Company has been sanctioned overdraft limit of Rs. 5,00,000/- against pledge of shares. In this
case:
a) The charge must be registered with the Registrar of Cos.
b) The charge must be registered with the Controller of Capital Issues.
c) Registration of charge is not necessary.
d) The charge must be registered with the Registrar of Companies if the
advance exceed 30% of the paid up share capital & free reserve of the
borrowing company.
6 All credits are ______ in UCP 600
a) Revocable b) Irrevocable c) Clean
d) Either Revocable or irrevocable as mentioned in the text of LC
7 Which of the following risk is managed by RTGS?
a) Settlement Risk and Systematic Risk b) Liquidity Risk and Operational Risk
c) Systematic Risk and Liquidity Risk d) Liquidity Risk and Settlement Risk.
8 If a company contravenes provision relating to registration of charge, every officer of the
company who is in default shall be fined not be less than _________:
a) 10,000 b) 20,000 c) 25,000 d) 30,000
9 In case of delay in providing credit under RTGS, the beneficiary bank has to pay compensation at
current ____ to the beneficiary customer per day:
a) Repo rate+2% b) Repo rate c) Repo rate +3% d) None of these
10 As per the provision of Companies Act 2013. What is the minimum paid up capital of a public
company?
a) Rs. 2 lac b) Rs. 5 lac c) Rs. 6 lac d) Rs. 10 lac
11 Bank loans to Housing Finance Companies (HFCs), approved by NHB for their refinance, for on
lending for the purpose of purchase / construction / reconstruction of individual dwelling units
or for slum clearance and rehabilitation of slum dwellers, will be classified as priority sector
provided .
a) Maximum loan per borrower does not exceed Rs. 10 lac.
b) Maximum loan per borrower does not exceed Rs. 20 lac.
c) The all inclusive interest rate charged to the ultimate borrower is not exceeding lowest
lending rate of the lending bank for housing loans plus two percent per annum.
d) Maximum loan per borrower does not exceed Rs. 25 lac.
e) Both (a) and (c)

12 The eligibility under priority sector loans to Housing Finance Companies is restricted to:
a) Five percent of the individual banks total priority sector lending, on an ongoing basis.
b) Five percent of the individual banks total net bank credit on an ongoing basis.
c) Ten percent of the individual banks net bank credit or total priority sector lending which
ever is higher.
d) Ten percent of the individual banks total advances, on an ongoing basis
e) Discretion of the bank.
13 Bank loans to Micro and Small Enterprises (MSE) engaged in providing or rendering of services
will be eligible for classification as direct finance to MSE Sector under priority sector up to an
aggregate loan limit of_______ crore per borrower / unit provided they satisfy the investment
criteria for equipment as defined under MSMED Act, 2006.
a) Rs. 1 crore b) Rs. 2 crore c) Rs. 3 crore
d) Rs. 4 crore e) Rs. 5 crore
14 Bank loans to any governmental agency for construction of dwelling units or for slum clearance
and rehabilitation of slum dwellers will be treated as priority sector provided the amount of loan
does not exceed _______ per dwelling unit.
a) Rs. 5 lac b) Rs. 10 lac c) Rs. 15 lac d) Rs. 20 lac
15 Which of the following credit rating companies has been changed to India Ratings and Research
Private Limited (India Ratings).
a) Fitch India b) CARE c) ICRA d) CRISIL
16 The security interests in the NPAs cannot be sold by a Bank:
a) Without intervention of courts b) After the default occurs
c) After the debt has become time barred under limitation act
d) With prior notice of demand
17 The term bulk deposit, though not specifically defined, was inter-changeably used with
wholesale deposits and was occasionally used in the context of asset liability management
(ALM) guidelines. The expression bulk deposit would be used for single rupee term deposits of
Rs. _____ and above.
a) 15 lac b) 25 lac c) 50 lac d) 75 lac e) 1 cr
18 Loans to farmers can be granted as per revised PS guidelines up to Rs _______ lakh against
pledge / hypothecation of agricultural produce (including warehouse receipts) for a period not
exceeding ______ months, irrespective of whether the farmers were given crop loans for raising
the produce or not.
a) 15;24 b) 25; 24 c) 50;12 d) 30 ; 12
19 As per RBI guidelines, banks will not be permitted to charge foreclosure charges / pre-payment
penalties on home loans on floating interest rate basis, on the recommendations of __________
committee:
a) Deepak Mohanty b) Damodaran c) C. Rangarajan d) M.V.Kamath
20 To facilitate early detection of symptoms of sickness, RBI has introduced the concept of
handholding stage. An account may be treated to have reached the handholding stage if which
of the following conditions are satisfied:
a) There is delay in commencement of commercial production by more than six months for
reasons beyond the control of the promoters;
b) The company incurs losses for two years or cash loss for one year, beyond the accepted
timeframe;
c) The capacity utilization is less than 50% of the projected level in terms of quantity or the sales
are less than 50% of the projected level in terms of value during a year.
d) Any of the above events are triggered.
21 In order to ensure timeliness for banks for taking remedial action / measures in handholding
stage, the handholding support to such units should be undertaken within a maximum period of
______ months of identification of such units.
a) Two b) Three c) Four d) Five

22 What is the name of insurance scheme to cover our Union Education loan?
a. Shiksha Suraksha 2 Plan
b. Ashyana Suraksha
c. Shiksha Suraksha
d. None of the above
23 As per the revised definition, a Micro or Small Enterprise as defined in the MSMED Act 2006)
may be said to have become Sick, if which of the following conditions are satisfied:
a) Any of the borrowal account of the enterprise remains NPA for three months or more,
b) There is erosion in the net worth due to accumulated losses to the extent of 50% of its net
worth during the previous accounting year.
c) The unit should have been in commercial production for at least two years has been removed.
d) a or b above
e) Both of the above.
24 ______ has been appointed as chairman of 14th Finance Commission?
a) Dr Montek Singh b) Dr. Vijay Kelkar
c) Dr. Y V Reddy d) Dr. C Rangarajan
25 As per RBI guidelines, the non bank entities proposing to issue ________ should satisfy the
criteria of net worth of Rs 100 crore:
a) White Label ATMs b) Plastic Label ATMs
c) ATMs d) Red Label ATMs
26 The Reserve Bank has reviewed its instructions on interest rates on and premature withdrawal
of rupee term deposits. The permission to offer differential rates of interest for deposits of the
same maturity will now be applicable to bulk deposits of Rs. _____ and above. For deposits
below Rs. ______, the same rate will apply for deposits of the same maturity.
a) 15 lac;25 lac b) 25 lac;50 lac c) 50 lac;50 lac d) 1 cr;
27 As per revised Priority sector guidelines, loans to individuals can be sanctioned up to Rs ____
lakh in metropolitan centres with population above ten lakh and Rs. _______ lakh in other
centres for purchase / construction of a dwelling unit per family provided the overall cost of the
dwelling unit in the metropolitan centre and at other centers should not exceed Rs.35 lakh and
Rs.25 lakh respectively, excluding loans sanctioned to banks own employees.
a) 20;10 b) 28;20 c) 20;15 d) 25;10
28 As per revised Priority sector guidelines, Loans, not exceeding Rs. ________ per borrower can be
sanctioned directly by banks to individuals and their SHG/JLG, provided the borrowers
household annual income in rural areas does not exceed Rs ______ and for non-rural areas it
should not exceed Rs_________.
a) 50,000; 100,000; 1,60,000 b) 1 lac; 50,000;1,00,000
c) 1 lac; 60,000;1,00,000 d) 1 lac; 60,000;1,20,000
29 As per revised guidelines, overdrafts extended up to Rs _______ under Pradhan Mantri Jan-
Dhan Yojana (PMJDY) accounts provided the borrowers household annual income in rural areas
does not exceed Rs. ________/- & for non-rural areas it should not exceed Rs ______/-.
a) 5,000; 1,00,000; 1,60,000 b) 1 lac; 50,000;1,00,000
c) 50,000; 60,000;1,00,000 d) 1 lac; 60,000;1,20,000
30 How many stages are there in Credit Monitoring?
a) Pre Disbursement. b) During Disbursement. c) Post Disbursement. d) All the above e)
None
31 In all accounts for Rs.1.00 crore and above, except Retail loans, the system of CPA is mandatory.
In case of Retail loans, for accounts of Rs.______ lacs and above for Rural and Semi Urban
Branches and Rs._____ lakhs and above for Urban and Metro Branches, the system of CPA will
also be mandatory. No disbursement can take place in such accounts unless CPA is completed.
a) 15, & 20 b) 20 & 10 c) 10 & 25 d) 10 & 30 e) there is no CPA required in Retail
32 Credit Disbursement Audit covers the following
a) Post disbursement inspection, Mode of disbursement
b) verification of assets, Proper and adequate insurance cover

c) Compliance of all terms & conditions
d) Registration of charges.
e) All the above
33 RBI guidelines make it mandatory for Stock Audit. Accounts with working capital limits of
Rs._____ crore and above in case of Proprietary / Partnership accounts and limits of RS._____
crore and above in other cases are subject to Stock Audit on a yearly basis by Chartered
Accountants firm appointed for this purpose.
a) 2 & 1 b) 3 & 2 c) 1 & 2 d) 2 & 5 e) 5 & 10
34 Assets Quality Management Committee (AQMC) was set up at.?
a) RO Level b) FGMO level c) CO level d) All the above e) none
35 The Internal Loan Review department shall also be attached to the Monitoring Department and
will have a separate Assistant General Manager with adequate number of officers shall look
after Review of sanctions above Rs.------- Crore in respect of FGMOs and Review of sanctions
above Rs.---------- Crore of ROs.
a) 1 & 10 b) 10 & 25 c) 25 & 50 d) Above 1 e) 25 & 10
36 What is the maximum limit on Subordinated debt instruments as part of Tier II Capital ?
a) 50% of Tier I capital. b) 100 % of Tier I c) 75% of Tier I d) No such limit prescribed e)
none
37 Branches headed by DGM & Large Corporate Branches will submit MMR above Rs.2.00 Crore to
RS.5.00 Crore to FGMO and above Rs.5.00 Crore to CO, with revised cut off limits.
38 The name of the department Credit Monitoring Department was renamed as
a) Credit Monitoring & Restructuring Department.
b) CLRD
c) Credit Monitoring & Legal Department
d) Credot Monitoring and Review & Restructure Department
39 As per Recovery Policy the recoveries in settlement account shall be appropriated in the
following order:
(a) As per terms of settlement approved, if specified(If entire settlement amount is not
received.)
(b) Expenses incurred for various charges, such as legal expenses etc.,
(c) Interest. d) Running Ledger outstanding. e) all the above
40 Additional Thrust Areas included this year loan policy 2014-15 are
a) Equipment financing & Health care.
b) Paints and varnishes,
c) Biotech & Alluminium
d) Service sec like Tourism, Health, Transportation
e) No additions
41 As per the Loan Policy 2014-15 the following are Stable Areas :
a) Pharmaceuticals, Plastic Products,
b) Media Production,
c) Breweries/Distilleries
d) Rent Receivable Financing(Union Rent)
e) All the above
42 Which is the following come under Low Priority Areas in the Loan Policy 2014-15 are:
a) State Electricity Boards
b) Distribution Companies of PSUs
c) Iron Ore Mining.
d) All the above
e) a & c
43 What are the Thrust Areas as per Loan Policy 2014-15
a) Priority Sector with emphasis on Agriculture
b) Retail finance
c) Micro and Small enterprises
d) Medium Enterprises & Trade, FMCG
e) All the above
44 SARALS are the Central Processing Centres, attached to Regional Offices, for meeting the
following objectives:-
a. To accelerate the credit flow to MSMEs through focused sales and marketing.
b. To enhance Customer service through quick Turn Around Time.
c. To reduce NPAs through efficient monitoring system.
d. To lower Cost and build expertise.
e. All the above
45 Credit Rating is one of the important tools for assessment of risk. Taking exposure in new
accounts i.e. Hurdle rate for new borrower is CR-____ and for take over and CRE to builders will
be CR-_____.
a) 4 & 5 b) 3 & 5 c) 5 & 4 d) 3 & 4 e) 5 & 3
46 For borrowers with aggregate exposure (FB + NFB limits) above Rs.5.00 crores and in case of
NBFCs, Bank, Commercial Real Estate and Capital Markets exposures, irrespective of the
exposure, the CRISIL RAM rating model will be used.
a) 10 b) 15 c) 25 d) 5 e) 50
47 Though it is very difficult to evolve Industry wise bench marks for Current and Debt Equity Ratio,
Profitability Ratios and Debt Service Coverage Ratio or any other specific ratios, in general,
Current Ratio of 1.17 and above, Debt Equity Ratio (DER) < 2.00 : 1, Total Outside Liabilities to
Net Worth Ratio of < 4 : 1 and Average DSCR of 1.5 : 1, with minimum DSCR OF 1.2: 1 will be
considered as reasonable requirement for any Credit proposal.
48 In view of discontinuation of Credit Approval Grid and to facilitate CAC at various levels for
faster disposal of loan applications of large amounts, bringing in qualitative improvements and
value additions to enable to take informed and conscious credit decisions, a Credit Scrutiny
Committee has been constituted to scrutinize various aspects of the proposals before they are
submitted to CACs at ____________ level.
a) RO b) FGMO c) CO d) All the above e) None
49 All sanctions, if not availed within a period of ______ months in case of Working Capital facilities
and ______ months, in case of Term Loans would lapse and require validation from the
competent authority.
a) 3 & 5 b) 3 & 6 c) 6 & 3 d) 3 & 3 e) 6 & 6
50 The Exposure to Film Industry and Media Entertainment at any point of time shall be restricted
to Rs.______ Crores and as against the prevalent exposure ceiling of 10%, exposure to Diamond
Industry at any point of time shall be restricted to the Umbrella Limit of Rs.______ Crores.
a) 500 & 1000 b) 750 & 1500 c) 1000 & 3000 d) 500 & 2000 e) 1000 & 2000
51 Maximum age limit for Union Home loan is up to ______years for both Salaried & Non-Salaried
borrowers.
a) 60 b) 65 c) 70 d) 75 e) 60 for Salaried and others 65
52 What is the Repayment period for Union Home loans?
a) 18 yrs. b) 20 yrs c) 25 yrs d) 30 yrs e) 35 yrs.
53 As per revised norms maximum quantum for repairs/renovation under Union Home is increased
to_____lakhs?
a) 5 b) 10 c) 20 d) 25 e) 30
54 Maximum quantum of loan for purchase of flat/house in Metros, State Capital & NCR is
Rs_____lacs, in Urban Centres Rs.______lacs and in Rural & Semi Urban areas it is
Rs.______lacs.
a) 500,200,100 b) 500, 300, 100 c) 1000, 600, 200 d) No ceiling on maximum quantum
of loan.
55 Loan can be considered for purchase of House not older than _____years, at branch level.
a) 15 b) 20 c) 25 d) 30 d) if exceeds 15, RLCC approval necessary e) No such limits
now.
56 Under Union Mortgage Scheme maximum amount of loan to NRI is Rs.______Crores.
a) 5 b) 2 c) 1 d) 10 e) NRI not permitted
57 Under Union Mortgage Scheme loan can be repaid in ______equal monthly instalments.
a) 60 b) 75 c) 84 d) 120 e) Now as per borrower repayment capacity.
58 Under Union Health scheme a Medical graduate with minimum one year experience can be
considered for financing under the scheme with a maximum loan quantum restricted to
Rs._____lakhs.
a) 5 b) 10 c) 15 d) 20 e) 25
59 Any qualified registered Medicical Practitioner with minimum_____years experience in any
branch of Medical science, with minimum qualification of MBBS, BAMS, BHMS, BDS or Degree in
Para medical services are eligible for a loan of minimum Rs._____lakhs and maximum up to
Rs.______lacs.
a) 3, 3, 300 b) 1, 2, 500 c) 3, 2, 800 d) 2, 5, 500 e) 3, 5, 300
60 Under Union Reverse Mortgage scheme maximum repayment tenure is ______years.
a) 10 b) 15 c) 20 d) 25 d) 30
61 Loan under Union Smile will be given to________
a) Pensioners only b) Salaried persons only c) both Pensioners & Salaried persons eligible
d) None
62 Maximum limit for remitting funds under Liberalised Remittance Scheme(LRS) is:
a) US $ 1000 b) US $ 25000 c) US $ 100000 d) US $ 200000 e) US $ 125000
63 How much amount of Foreign Exchange can be retained by resident individual after returning
from abroad?
a) US $ 500 b) US $ 2000 + coins there is no restriction c) US $ 250 d) US $500
64 The Securitization act does not cover________:
a) Private Sector Banks b) Consortium of Banks
c) Private Financial Institutions d) Chit Fund Companies
65 Gurudutt and Ramakant are two partners in a firm sharing profits and losses as 2:1. Dhawan
is admitted as a partner with 25% share in the profits of the firm. The new profit sharing ratio,
after admission of Dhawan would be _____________:
a) 37.50 : 37.50 :25 b) 20:10:10 c) 1:1:1 d) None of the above
66 According to the RBI amendments for Bank loans, which of the following entities would not
qualify for lending to agriculture?
a) Farmers' producer companies of individual farmers b) Partnership firms
c) Co-operatives of farmers d) None of the above
67 Loans to Corporates including farmers', producer companies of individual farmers, partnership

firms and co-operatives of farmers directly engaged in Agriculture and Allied
Activities, viz., dairy, fishery, animal husbandry, poultry, bee-keeping and sericulture (up to
cocoon stage) up to an aggregate limit of Rs.2 crore per borrower can be classified as finance to:
a) Farm Credit b) Agril infrastructure c) Ancillary activities. d) None of the above
68 For Micro Enterprises _____% of ANBC OR Credit Equivalent amount of Off-balance sheet
exposure, whichever is higher achieved in a phased manner by 2017.
a) 5 b) 6 c) 7.5 d) 4.5 e) 13.5
69 Bank loans to any governmental agency for construction of dwelling units or for slum clearance
and rehabilitation of slum dwellers subject to a ceiling of __________ per dwelling unit.
a) Rs.10 lakh b) Rs.15 lakh c) Rs.12 lakh d) Rs.11 lakh
70 For the purpose of identifying the economically weaker sections and low income groups, the
family income limit of _________ per annum, irrespective of location, is prescribed.
a) Rs. 1,00,000 b) Rs. 1,50,000 c) Rs. 1,20,000 d) Rs. 2,00,000
71 Which of the following rates are same at present?
a) Repo Rate & Bank Rate

b) Marginal Standing facility & Bank Rate.
c) Reverse Repo Rate & Bank Rate
d) CRR & SLR e) None of these
72 Within the 18% target for agriculture, a target of ______% of ANBC or Credit Equivalent
Amount of Off-balance sheet exposure, whichever is higher is prescribed for Small and Marginal
Farmers, to be achieved in a phased manner by March, 2017.
a) 5 b) 6 c) 7.50 d) 8 e) No such limit
irrespective of their location, Soil conservation and watershed development, and Plant tissue
culture and agri-biotechnology, seed production production of bio-pesticides, bio-fertilizer, and
vermin composting for these purposes an aggregate sanctioned limit of Rs._______Crore per
borrower from the banking system will apply.
b) 5 b) 10 c) 25 d) 50 e) 100
74 As per revised guidelines, Loans for Food and Agro processing up to an aggregate sanctioned
limit of Rs.______Crores per borrower from the banking system is permitted under Agriculture
infrasture.
b) 10 b) 15 c) 25 d) 50 e) 100
75 Find which is not correct as per recent revised guidelines by RBI:

f) Farmers with landholding of up to 1 Hectare re considered as Marginal Farmers.
g) Farmers with a landholding of more than 1 hectare and up to 2 Hectares are considered
as Small Farmers.
h) Loans up to Rs.5 Crore to co-operative societies of farmers for disposing of the produce
of members.
i) 7.5% of ANBC or Credit Equivalent amount of Off-balance sheet exposure, whichever is
higher to be achieved in a phased manner i.e. 7% by Mar, 2016 and 7.5% by Mar 2017.
j) All the above.

ANSWERS :: TEST BOOKLET NO.BSN1960105
1 A 16 C 31 D 46 D 61 C
2 B 17 E 32 E 47 == 62 E
3 A 18 C 33 C 48 C 63 B
4 C 19 B 34 D 49 B 64 D
5 C 20 D 35 E 50 C 65 B
6 B 21 A 36 A 51 C 66 D
7 A 22 A 37 52 D 67 A
8 C 23 D 38 A 53 E 68 C
9 A 24 C 39 E 54 D 69 A
10 B 25 A 40 E 55 C 70 D
11 A 26 D 41 E 56 C 71 B
12 A 27 B 42 D 57 D 72 D
13 E 28 A 43 E 58 D 73 E
14 B 29 A 44 E 59 C 74 E
15 A 30 D 45 C 60 C 75 E


1 Stop payment instruction received from a Coparcener for a cheque issued by Karta now Bank
a) will not accept b) will accept c) refer to matter to RO d) it requires signatures of all
co parcenors
2 For door-step banking by banks, RBI has issued directives under which of the following Acts:
a). RBI Act
b). Negotiable Instrument Act
c.) Banking Regulation Act
d). Shops and Establishment Act
e). Industrial Disputes Act
3 Which among the following is provided u/s 22 of Negotiable Instrument Act in the context of a Bill
of Exchange:
a). drawee to be permitted 48 hours for acceptance of the bill
b). drawee can accept the bill by signing on the face of the bill
c). presentation of the bill should be at the business place of the drawee
d). drawee can be allowed 3 days of grace for making payment
e). drawee can make the payment on next preceding business day if the payment falls due on a
holiday
4 Under the RBI Scheme of incentives and penalties, for exchange of soiled notes / adjudication of mutilated bank notes
over the counter at bank branches, the banks gets an incentive of:
a) Rs. 3 per packet of soiled notes in denomination of up to Rs. 100
b) Rs. 1 per packet of soiled notes in denomination of up to Rs. 100
c) Rs. 1 per packet of soiled notes in denomination of up to Rs. 50.
d) Rs. 2 per packet of soiled notes in denomination of up to Rs. 50
5 Bank opened a saving bank account in the name of Mr. Ramesh Singh and at the time of opening
of the account handed over to him the copy of rules and regulations for conducting the account
which also provided that the cheque book should be kept under lock and key and for loss if any
arising from not complying with requirement, bank will not be responsible. The customer kept the
cheque book in drawer and one of his office colleagues took off one cheque leave and by forging
the signatures of Mr. Ramesh Singh withdrew the money from the bank. The customer claims the
refund of the money:
a). the bank is not under obligation to refund the money as the loss has been caused due to
negligence on the part of the customer
b). the loss would be shared equally by the customer and bank as both of them have been at fault.
c). bank would advise the customer to recover the money from the forger who is office colleague
of the customer
d). bank is liable for making payment of a forged cheque and will have to restore the amount to the
credit of the account
e). any of the above.
6 Bank issued an FDR in the name of Mr. Satish Dhawan and his wife Smt. Sheela. Mrs Sheela comes
to the bank and request for premature payment to meet the expenses on treatment of Mr. Satish
Dhawan who is admitted to one hospital and cannot sign, because of fractured hands:
a). the request of Smt. Sheela will be considered on sympathetic consideration
b). the request of Smt. Sheela will be considered on production of certificate from the hospital to
the effect that Mr.Satish Dhawan is admitted
c). the request of Smt. Sheela will be turned down altogether
d). payment can be made after verifying the facts and after obtain thumb impression of Mr. Satish
Dhawan in the hospital, witnessed by the attending Doctor
e). none of the above
7 Your Bank has issued a term deposit receipt in the name of Mr. A and B to be operated as `former
or survivor. A approaches the bank for addition of name of Mr. X, his son and also nominate Mr. Z

his brother in law. He claims that the money belongs to him?
a). addition of name would be allowed but not nomination
b). nomination would be permitted but not addition of name
c). addition of name and nomination would be permitted as request is from former
d). without consent of B addition or nomination cannot be accepted
8 A banking company can acquire shares in a company subject to which of the following ceiling:
a). not exceeding 30% of the capital of the bank or 30% of the capital of the company, whichever
higher
b). not exceeding 30% of the reserves of the bank or 30% of the capital of the company whichever
is lower
c). not exceeding 30% of the paid up capital and reserves of the bank or 30% of the capital of the
company whichever is lower
d). 30% of the capital of the company
e). 30% of the authorised capital of the bank or 30% of the capital of the company
9 A bill of exchange is drawn by M/s Kasturi Lal and Sons on M/s Shiva Traders in consideration of
purchase of goods, Mr. Shayam Kumar being its payee. Shayam Kumar endorsed the bill in favour
of Mr. Shanti Prakash who had endorsed it in blank. It is stolen by Mr. Sudhir Phatke, an employee
of Shanti Prakash and delivered to M/s Dyal Traders for value, but it is dishonoured on
presentation for payment. From whom can M/s Dyal Traders recover the amount on the bill?
a). From Mr. Shanti Prakash
b). From M/s Shiva Traders
c). From M/s Kasturi Lal & Sons
d). From Shyam Kumar
e). From all the above
10 Bank files suit for recovery of its loan against the guarantor only and not the borrower. Guarantor
pleads in the court that before filing suit against him, money should be recovered from the
borrower. In such circumstances, the bank can seek recourse in the court against:
a: all the liable parties together only
b: any one of them at a time
c: all separately
d: at its discretion it can proceed against any one.
e: at the discretion of the court
The following data is taken from the balance sheet of a firm:
Capital and Reserves 50
Bank term loan 50
Bank cash credit 50
Current liabilities 50
Fixed Assets 70
Preliminary expenses 10
Cash/Bank balance 20
Stocks 60
Book debts 30
Prepaid expenses 10
Sales 300
Profit 10
On the basis of above information:
11 What is the net worth:

a). 50
b). 45
c). 40

d). 30
e). 20
12 What is the current ratio:
a). 1.5:1
b). 1.33:1
c). 1.20:1
d). 1.10:1
e). 1.00:1
13 What is the acid test ratio (quick ratio)
a). 0.25:1
b). 0.50:1
c). 0.75:1
d). 0.80:1
14 What is the total indebtedness ratio:
a). 6:1
b). 4.25:1
c). 4.0:1
d). 3.75:1
e). 3.25:1
15 What is the debit equity ratio?
a). 3:1
b). 2:1
c). 2.25:1
d). 1.25:1
e). 1:1
16 What is the stock turnover ratio?
a). 3 times
b). 4 times
c). 5 times
d). 6 times
17 What is the debtors velocity ratio
a). 2.1 months
b). 1.60 months
c). 1.20 months
d). 1.09 months
e). 1 months
18 In case of disposal of assets of deceased of SB account holder, if legal heirs and nominee approach
the bank simultaneously who should be preferred:
a) Legal heirs b) Nominee c) pay each 50% d) Now consent of court required.
19 X is having loan account duly guaranteed by Mr. & Mrs. Y. They are having a FDR for Rs.40,000/-
with maturity value of Rs.57010/-. X defaulted in repayment of Loan and bank on maturity adjusted
the loan account of X with the maturity value of FDR and credited the balance to SB Mr. Y and
Mrs.Y. Mr. and Mrs.Y objected to this adjustment since the loan is time barred.
a) bank had right of set off, provided that notice had been given doing so.
b) Since loan is time barred bank shall not adjust without the consent of Mr & Mrs Y.
c) Bank has right to do so provided by taking RO permission.
d) Bank action is unjustified and shall return.
20 Mr. Harsha has given irrevocable power of attorney to Mr. Navin to operate his current account
as an agent for One year. After 3 months, he has decided and gives notice to the bank that
Mr. Navin's authority stands withdrawn. On the contrary, Mr. Navin's plea is that since he has been
appointed as agent for one year, he has every right to operate the account. What will be the
position of the bank now to deal with it. :
a) bank has to stop the operations by Mr. Navin
b) Bank can allow Mr. Navin up to One Year.
c) Bank can allow operations if signed by both Mr. Navin and Mr. Harshsa
d) Since it is irrevocable power of attorney Mr. Harsha cannot withdraw
e) none
21 ABC is a Partnership firm having CC account with Bank with outstanding amount of Rs.2.00 lac. One
of the partners died. Firm requested the Manager to allow the operation in the account and
deposited Rs.2.50 lac and then withdrawn Rs.80,000/-. What will be the liability of the deceased
partner:
a) Rs.1.70 lac b) Rs.1.20 lac c) Rs. 2.00 d) Nil e) None
22 A Public Ltd Companys paid up capital is Rs.30.00 lac, Free Reserves is Rs.8.00 lac and it
approached Bank for loan of Rs.40.00 lac.
a) Can sanction provided collateral security offered.
b) Can be sanctioned if Directors also agreed to stand as Guarantors.
c) Resolution as per Sec 293-1 [d] has to be passed in the general board meeting for availing
the loan exceeding paid up capital+ free reserves
d) One step higher authority to sanction this type of loan.
23 Liability of drawer in Bills of Exchange is _______:
a) Primary before acceptance by drawee and secondary after acceptance.
b) Secondary only
c) Primary only after acceptance he is not responsible.
d) Draweer no where responsible only drawee is responsible.
e) None
24 SARFAESI Act, 2002 is not applicable in the _________cases?
a) Any security interest not exceeding 1 lac rupees.
b) Pledge of movable as per Section 172 of Contract Act.
c) Rights of unpaid seller under Section 47 of Sales of Goods Act.
d) Any security interest in agriculture land. e) All of the above
25 If a principal debtor files objection to his assets being acquired under SARFAESI Act, the bank has to
reply within ____ days:
a) 7 b) 10 c) 15 d) 30 e) in Reasonable time.
26 Quantum of finance available under UNION HIGH PRIDE is above Rs._______crores up to
Rs._______crores.
a) 5 & 10 b) 5 & 20 c) 2 & 15 d) 5 & 25 e0 No such limit.
27 The acceptable Current Ratio under Union High Pride is:
a) 1:17 b) 1:33 c) 1:50 d) 1:10 e) 1:25
28 Maximum loan can be sanctioned under Term Loan for PCOs and Cyber Cafes (Union Cyber) is :
a) Rs.1.00 lacs b) Rs.2.00 lacs c) Rs.3.00 lacs d) Rs.5.00 lacs e) Rs.7.50 lacs
29 Under SME PLUS adhoc working capital limit up to _______% of the existing overall fund based
credit facilities in respect of units having over all fund based credit facilities up to Rs.10 crores.
a) 10% b) 15% c) 20% d) 25% e) 33.33%
30 To finance under UNION TRANSPORT to transport operators up to 10 vehicles of all make, utility
vehicles, light commercial, medium commercial, luxury, and heavy commercial vehicles maximum
limit up to Rs.________lacks per fleet operator for owning not more than 10 vehicle.
a) 15 b) 50 c) 100 d) 250 e) 350
31 Maximum amount that can be sanctioned Rs._______lacs under Union Support scheme for
Professionals / Enterprises under service sector.
a) Rs.20 b) Rs.25 c) Rs.50 d) Rs.100 e) Need based.
32 Guarantee fee as well as annual service fee / annual guarantee fee payable under CGTSME scheme
will be borne by:
a) Entire amount will be debited to the borrower account.
b) Bank will bear entire cost
c) Bank and Borrower will share the cost 75:25
d) Bank and Borrower will share the cost 50:50
e) None of the above.
33 As regards to the MSEs in Service Sector, the working capital requirement would be computed on
the basis of minimum 20% of their projected annual turnover whose credit limit in individual cases
is up to Rs.______lacs.
a) 100 b) 200 c) 500 d) 1000 e) None
34 As per amended SARFAESIA act the period within which the response is to be sent to the
representation of the borrower is enhanced from ________days to _______days.
a) 7 & 10 7 & 12 c) 7 & 15 c) 7 & 30
35 Indian Banks to maintain________minimum capital required as per RBI guidelines on Basel II
norms. Tieir- I capital to be at least________%.
a) 8, 4 b) 9, 4.5 c) 9, 4 d) 9, 6 e) 6, 9
36 Expand the Term SACP:
a) Special Agriculture Component Plan
b) Special Agriculture Commission and Planning
c) Special Agro Credit Programme
d) Special Agriculture Credit Programme
e) Special Agriculture Credit Plan
37 Additional interest subvention of _____% as incentive to farmers who repay short term crop loans
on schedule as per budget pronouncement by Fin. Minister.
a) 3 b) 2 c) 1 d) 7 e) BPLR
38 How many Articles are there in UCPDC 600?
a) 45 b) 55 c) 56 d) 39 e) 49
39 Refinance is available from RBI in respect of the Rupee denominated Pre-shipment Credit
upto____days.
a)180 b) 270 c) 360 d) 365 e) No.
40 A Contract of Insurance is a contract of
a) Guarantee b) Indemnity c) Voidable d) Void e) None
41 What should be annual income of a BPL family to be eligible for getting interest subvention under
educational loan?
a) Rs 4.50 lacs b) Rs.60000/- c) Rs.1.20 lacs d) Rs.4.00 lacs e) Rs.24,000/-
42 Cluster based approach is applicable for:
a) Priority credit advance b) SME c) SHG. d) JLG e) None
43 What is Hybrid debt instrument?

a) Debenture b) Bond c) Preference shares d) Convertible Bonds
44 When Guarantor on payment of all dues to principal debtor, he gets which rights as that of
creditor?
a) Subrogation b) Lien c) Assignment d) Pledge. E) none
45 Bank is not required to produce original book of records but true copy can be submitted when
court has demanded as per which act?
a) Civil procedure code b) Registration act c) B.R. Act d)RBI act e) Banker Books Evidence
Act
46 An Saving Bank account is being maintained in the name of Shiva Kumar. The account holder
informs you that he has issued the cheque but has signed as S. Kumar. On checking the account
you find that the cheque has already been paid. What is the legal position of the Bank:
a) Bank is not liable as he has acknowledged.
b) Bank will be responsible since signature is not tallied.
c) Bank will be responsible unless otherwise R.O, agreed.
d) None.
47 Which of the following can purchase NPA?
a) ARC b) Banks c) Financial institutions d) NBFC e) All of the above
48 Special Crossing- what is essential:

a) Bank's name must appear with or without two parallel lines
b) Banks name with two parallel lines is must
c) Two parallel lines with or without bank name.
d) None
49 Bank is not required to produce original book of records but true copy can be submitted when
court has demanded as per
which act?
a) Civil procedure code b) Registration act c) B.R.Act d)RBI act e) Banker Books Evidence Act
50 Right of foreclosure is available in which type of mortgage?
a) Mortgage by conditional sale.
b) English Mortgage
c) Simple Mortgage
d) Anomalous Mortgage
e) None
51 Double Dip Recession:

The economy is partially in the recovery mode but it again slips down toward recession.
52 Investment Fluctuation Reserve is part of which type of capital: Tier I Capital.
53 BCSBI is affiliated or regulated by? An independent body.

54 Subordinated debt instruments will be limited to _______ of Tier I Capital of the bank. These
instruments together with other components of Tier II Capital, should not exceed ______ of Tier I
capital.
a) 25%; 50% b) 50%; 100% c) 75%; 100 d) 100% 100%
55 What is the meaning of Bancassurance?

a) Insurance co. selling its products through corporate agents
b) Banks selling insurance products of third parties as
corporate agents
c) Insurance Cos selling banking products as corporate
agents.
d) Insurance Cos selling third party corporate products.
56 The scheme for purchase of land aims at providing term loan to farmers including share
croppers/tenant cultivators to purchase agricultural land as well as fallow and wasteland/ to
develop and cultivate it with a view to increase production/ productivity those who would own
maximum of ______ including purchase of land under the scheme:
a) 2 acres b) 4 acres c) 5 acres d) 2.5 acres e) No such limit
57 Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) is a
government company licensed under section 25 of the Companies Act 1956, has been incorporated
to operate and maintain the Central Registry under the provisions of
a) SARFAESI Act 2002 b) BR Act 1949, c) RBI Act, 1934 d) AML Act, 2002 e) none
58 With a view to promote financial inclusion, RBI has introduced a new type of simple account aimed
at general masses i.e Small A/c.
a) The aggregate of all credits in a financial year does not exceed Rs.1 lac;
b) The aggregate of all withdrawals and transfers in a month does not exceed Rs.10,000;
c) The balance at any point of time does not exceed Rs 50,000/-.
d) all the above
e) none
59 Whether a Private Ltd Co. can be a partner in a
partnership firm:
a) No, not allowed under Indian Companies Act
b) Yes, if permitted by Article of association
c) As per Supreme Court ruling they cannot be partners
d) No, only Public Ltd Cos. can be partners.
60 Calculate the Drawing Power if the limit sanctioned is

Rs. 40 Lac, Value of security is Rs. 50 Lac and Margin 30%:
a) Rs. 25.00 Lac. b) Rs. 35.00 Lac c) Rs. 50.00 Lac. d) Rs. 75.00 Lac
61 In case of RTGS, transaction timing for customers is:
a) 9.00 to16.30 on weekdays and 9.00 to 13.30 on Saturdays
b) 9.00 to 13.30 on weekdays and 9.00 to 12.30 on Saturdays
c) 9.00 to 15.30 on weekdays and 9.00 to 14.30 on Saturdays
d) 9.00 to 17.30 on weekdays and 9.00 to 15.30 on Saturdays
62 In Limited Liability Partnership account, who are not eligible for becoming partners:
a) HUF b) Minor c) Body corporate d) a and b
63 charges / prepayment penalties on home loans on floating interest rate basis is based on
recommendations of:
a) Rangarajan Committee b) Damodaran Committee c) Kamath Committee d) Kohali Committee
64 If five counterfeit notes is received in single transaction, the matter should
be reported to _____:
a) FIR to be filed with Local Police.
b) FIR not necessary
c) General complaint to FIU India is enough.
d) None
65 For Speed clearing no charges should be levied in Saving Accounts for cheques up to :
a) Rs.1 lakh. b) Rs. 0.50 lacs c) Rs.0.25 lacs d) Rs.5.00 lacs e) none
66 Scale of finance is decided by :
a) District Technical committee
b) The Agricultural Prices Commission
c) Planning commission
d) NABARD
e) None
67 What is the minimum education qualification required for an entrepreneur for a manufacturing
project of Rs.10 Lakhs to be considered under
PMEGP?
a) No educational qualification required b) 10th c) 8th d) Degree e) Intermediate.
68 Minimum Support Price (MSP) is fixed by:

a) The Agricultural Prices Commission
b) District Technical Committee
c) Ministry of Finance
d) NABARD
e) None
69 What is the limitation period in case of cheque return for
insufficient balance u/s 138 of N.I.Act:
a) 15 days from the date of cause of action arise.
b) 30 days from the date of cause of action arise.
c) 45 days from the date of cause of action arise.
70 There is no specified ceiling on persons holding shares in a banking company under the Banking
Regulation Act. However, under Section 12 (2) of Banking Regulation Act, there are certain
restrictions on voting rights of shareholders. The voting rights of no one person shall not be in
excess of ____ % of the total voting rights of all the shareholders of the Banking Company.
a) 10% b) 15% c) 20% d) 25% e) None
MOCK TEST PAPER :: TEST BOOKLET NO.BSN1960106
1 A 11 C 21 D 31 A 41 A 51 61 A
2 C 12 C 22 C 32 D 42 B 52 62 D
3 D 13 B 23 A 33 A 43 D 53 63 B
4 D 14 D 24 E 34 C 44 A 54 B 64 A
5 D 15 C 25 A 35 D 45 E 55 B 65 A
6 D 16 C 26 D 36 E 46 A 56 C 66 A
7 D 17 C 27 D 37 A 47 E 57 A 67 A
8 C 18 B 28 C 38 D 48 A 58 D 68 A
9 E 19 A 29 C 39 A 49 E 59 B 69 B
10 D 20 A 30 E 40 B 50 A 60 B 70 A


1 Hurdle rate in case of take over accounts as per our Banks loan Policy:
a) CR 4 b) CR 2 c) CR 3 d) CR 5 e) 1
2 As per the recent guidelines given by RBI, the Cheque is valid only for ______months.
a) 6 b) 4 c) 3 d) 2 e) Now there is no limit fixed.
3 EWS income limit for 100% interest subvention in Educational loans up to Rs.
a) Rs.2 lacs b) Rs.3.5 lacs c) RS.4.5 lacs d) RS.5 lacs e) Rs.7.5 lacs
4 Small Service Enterprises is an enterprises where the investment in Equipment is Up to Rs.
a) Rs.25 lacs b) Rs.10 lacs c) Rs.5 lacs d) Rs.2 crores e) Rs.5 crores.
5 NEFT settlement batches in weekdays are _____ and on Saturdays are ____.
a) 8 am to 6 pm & 8 am to 12.30 pm b) 9.30 am to 4.30 pm & 9.30 am to 1.30pm
c) 9 am to 6 pm & 9.30 am to 12.30pm d) 10 am to 4 pm & 9.30 am to 12.30 e) None
6 Under Union Home for repairs of House in Metropolitan area maximum loan of Rs.____can be
sanctioned under PSA?
a) Rs.1 lac b) Rs.2 lac c) Rs.3 lacs d) Rs.5 lac e) Rs.10 lacs
7 Which of the following documents are not governed by State Stamp acts:
a) General agreements, power of attorney, sale deeds,

b) Mortgage deed and partnership deed only.
c) Money receipt
d) A & B
8 Which document out of the following does not requires registration with Registrar of
Assurance?
a) Mortgage deed
b) Sale deed of immovable property
c) Lease deed for period above 11 months.
d) Guarantee deed
e) a to c
9 Which among the following documents requires to be attested (witnessed):
Mortgage deed b) Pledge agreement c) Hypothecation agreement d) all the above e) None
10 M/s ABC Bank had granted a term loan of Rs.20 lac to M/s Prakash chand Society ltd., which is
not being repaid. The Company is not signing the balance confirmation letter despite the fact
that it has been sent three times. Bank sends a legal notice for repayment of the loan which
shows balance of Rs.27 lac now, Company confronts banks claim of Rs.27 lac by way of a
letter stating that they have already paid Rs.5 lac due to which the amount should be Rs.15 lac
only:
a) The letter will serve the purpose of acknowledgement letter and extend the limitation
period.
b) The letter could extend limitation if it were duly stamped.
c) The letter is not an acknowledgment it is only a denial of banks claim.

d) All the above.
11 If the part payment of debt is made through a cheque and the cheque is dishonored, the period
of limitation would:
a) Get extension even if cheque is not paid due to acknowledgement of debt.

b) Get extension due to part payment.
c) Due to dishonor of cheque, the borrower has denied liability. Hence limitation does not
extend.
d) All the above
a) None of the above.
12 By following which of the following methods, the limitation period of a document about to
become time barred, could be extended?
a) Obtaining an acknowledgement of debt from the borrower including their authorized

agents, if authorized for that purpose.
b) By part payment of the debt under signatures of the borrower or duly constituted
attorney.
c) By obtaining fresh set of documents.
d) By filing the suit in a competent court
e) A, B and C above
f) None of the above.
13 Your branch had granted an overdraft to Mr. Ravi Kumar on the basis of demand promissory
note on July 12th, 2009. Which among the following is the last day for the bank to file a case in
a court of law to recover its money, in case Ravi Kumar is not above to pay the dues?
a) 12th July, 2012

b) Ist day of reopen of court after July 12th, if the court is closed on July, 12th, 2012.
c) 11th July, 2012.
d) A and B above
e) None
14 Which section of limitation act 1963 provides an extension of limitation period on
acknowledgement of debt?
a) 16 b) 17 c) 18 d) 19 e) 20
15 Mr. Ram got Rs.10000/- by way of a loan from Mr. Gopal. The document dated 12.10.1993 and
issued a cheque dated 14.10.1993 towards the release of the loan. This cheque is encashed on
16.10.1993. This document become time barred after.
16.10.1996 b) 12.10.1996. c) 14.10.1996. d) 19.10.1996 E) nONE
16 Limitation period for exercising right of foreclosure in a mortgage is
a) 30 years b) 12 years c) 3 years from the date of mortgage d) 10 years
e) none
17 A loan secured by mortgage of immovable property is repayable on demand. The period of

limitation in this case will be:
a) 3 yrs, b) 12 yrs from date of mortgage deed c) 3 yrs from mortgage deed d) all
of the above e) None
18 The last date by which a suit can be filed on the basis of DPN dated 05.03.2009 is:
a) 04.03.2012 b) 15.03.2012 c) 05.03.2012 d) 08.03.2012 including grace e) none

19 A usance bill dated 02.04.2010 and accepted on 14.04.2010 is due for payment on 17.07.2010.
In case the bill is dishonoured, the suit for recovery can be filed latest by:
a) a) 02.04.2013 b) 17.07.2013 c) 14.04.2013 d) 16.07.2013 e) none
20 Can a time barred debt be revived, is there any provision?
a) Yes, a time barred debt can be revived as per U/s.25(3) Indian Contact act, 1872.
b) It cannot be revived.
c) By obtaining a part payment we can revive.
d) All the above.
e) none
21 The Mortgage has been defined U/s.______of Transfer of Property Act 1882?
57 b) 58 c) 59 d) 60 e) 31
22 Mumbai Branch of the United Bank ltd proposes to sanction working capital limits to a Public
Ltd Company. The collateral security in the account is equitable mortgage of the immovable
property of the director of a company located in Ahmedabad. Where should the company get
the charge registered for the mortgage?
a) With Registrar of Assurances in Ahmedabad.

b) With Registrar of Companies in Ahmedaba.d
c) With Registrar of Companies in Mumbai
d) With all the above authorities.
e) No charge is required to be registered.
23 In which of the following mortgages, the loan can be recovered from income of the property
instead of from the borrower?
a) Simple mortgage
b) Usufructuary Mortgage
c) English Mortgage
d) Mortgage by Conditional Sale
e) No such type of mortgage
24 ABC Bank ltd had granted a loan of Rs.10 lac under its Housing finance scheme for construction
of a house to Mr.Ghosh by Mortgage of House. On repayment of the loan the bank had shown
its inability to release the mortgage. Under which of the following rights Mr. Ghosh can force
the bank to release the mortgaged property?
a) Right of appropriation
b) Right of set off
c) Right of subrogation
d) Right of foreclosure
a) Right of redemption
25 Pari passu charge means:
a) Floating charge

b) charge with priority
c) charge in favour of several creditors with equal priority
d) All the above
e) None.
26 Which of the following mortgage is not required to be registered with Registrar of Assurances?
a) Equitable Mortgage
b) Simple Mortgage
c) Usufructuary Mort
d) Mort by Conditional sale.
e) All the above.
27 A borrowing customer of you wants to create equitable mortgage in favour of the bank. Which
of the following is not true in case of an equitable mortgage?
b) It can be created only in respect of a property which is specific.

c) It can be created with deposit of title deed and no registration is needed.
d) Deposit of title deed is made with an intention to secure a loan
e) The property to which the title deed is related should be located in a town notified by
the State Govt.
e) Place where mortgage is created should be a notified place.
28 The charge on immovable property to be created is known as:
a) Lien b) Assignment c) Mortgage d) Hypothecation e) Pledge

29 Your branch in Chandigarh decides to sanction working capital limits to a public limited
company and proposes to obtain equitable mortgage of immovable property of the company
located in Jaipur. The registration of the mortgage will be required to be done:
a) With the Registrar of Companies having jurisdiction over Chandigarh.

b) With the registrar of assurances having jurisdiction over Jaipur if its registered office is
in Jaipur.
c) With both the registrars.
d) With any of the registrars.
a) None.
30 The limitation period of registered mortgage can be extended by obtaining.
a) Revival letter
b) B) acknowledgement of debt
c) Endorsement on the back of the mortgage deed
d) Any one of the above
e) Fresh registration is a must
31 The Pledge is defined U/s_____of India Conctract A ct?
a) 172 b) 272 c) 171 d) 372 e) 148

32 Pledge and Hypothecation are different because: and which one is correct:
b) Possession in Pledge is with the borrower,

c) Ownership in case of hypothecation is with the bank
d) C) Sale in pledge can be with court permission.
e) Hypothecation is defined as per SARFAESI Act.

a) a,b,c b) a, c,d, c) b & c only d) d only e) c only
33 As a pledgee, the bank has got the following rights, as per Indian Contract Act, 1875:
a) U/s.173, to keep the goods in possession for the payment of principal, interest and
maintenance expenses.
b) Us.174 to retain possession of goods for the loan and not for any other loan in general if
there is no contract to the contrary.
c) If a pledgee incurs extraordinary expenses for the protection of the goods, he is entitled
to recover such expenses.
d) All the above.
e) None.
34 Where the goods under pledge are in the possession of the bank and possession is demanded
by the Govt. for recovery of Taxes:
a) These will be given to the Govt.

b) Surplus if any will be given to the Govt. After recovery of bank dues.
c) Sales proceeds will be shared equally between the bank and
d) They will be given to the Govt. and surplus will be used for bank loan repayment.
e) All the above.
35 A Trust Receipt is:
a) An instrument in writing under which either goods or documents of title to goods are
handed over to the borrower in trust.
b) An instrument under which the borrower keeps the possession f goods or document t
of title to goods for and on behalf of the creditor in a trust.
c) An instrument under which pledge is effective even after the delivery of the goods.
d) All the above.
e) None.
36 Hypothecation is defined in:
a) Indian Contract Act, 1872 b) TP Act, 1882 c) N.I. Act, 1881 d) SARFAESI Act,2002
e)None
37 The baileee in case of pledge of goods is knows as ______ under the provisions of Sec.172 of
Indian Contract Act, 1872.
a) pledgee b) bailee c) pawnee d) assignee e) mortgage.
38 If the pledgee wants to sell the goods according to the provisions of Sec.176:
a) the pledgee has to give a reasonable notice to this effect to the pledger.
b) The notice is not necessary.
c) When the news of auction will spread, the pledger will also come to know.
d) All the above
e) None.
39 . What is the maximum insurance cover for DICGC deposit insurance per depositor per bank.
Also, the payment of premium for 2nd half year, would be made on the basis of deposit as on
____:
a) 2 lac, 31st Mar b) 1 lac, 30th Sep c) 2 lac, 30, Sep d) 1 lac, 31st Mar e) None
40 Imprisonment for dishonour of a cheque under sec.138 of NI Act, 1881 is:
a) 6 months b) 1 year c) 2 years d) 3 years e) As per judgment

41 An NPA has been sold by Bank-B to an Asset Reconstruction Company. What is the minimum
period for which the account should have been in the books of Bank-B before sale to the ARC:
a. 12 months as NPA
b. 24 months as NPA
c. 24 months as doubtful account
d. 24 months as sub-standard including special mention account status
e. sale of ARC is not permitted.
42 For initiating action under SARFAESIA in multiple (consortium) Finance:
a) 50% of members shall agree b) 60% of members shall agree
c) 75%(3/4th) of the creditors by valued is required. d) All must agree e) None
43 Nominee of the deceased account holder:
a) can get the funds for his use b) obtain funds officially and can donate to any one
c) holds the money in trust for legal heirs d) No eligible to take e) None
44 If a document has to be executed in different States and it attracts stamp duty as per State
Stamp Act:
a) The document can be stamped in any state.

b) Duty paid in one state cannot be valid for other states.
c) If duty in the first state is higher, no duty is required to be paid in the other state.
d) If duty in the first state is lower, additional stamp duty has to be paid, in the other state.
e) c & d
45 The documents not governed by Indian Stamps Act 1899 (Central Jurisdiction) are:
a) Promissory notes, bill of exchange, cheques and hundies.

b) Letter of credit and bill of lading
c) Life policies, shares, debentures.
d) Guarantee bond, mortgage deed
46 Mr. Ram issued two cash receipts of Rs.1200 and Rs.7500/-. On these the stamp duty payable
is:
a) Rs.1 on each of them

b) Rs.1/- on Ist and no duty on the 2nd.
c) Rs.1 on 2nd and no duty on the Ist one.
d) Nil as no duty is payable on receipts up to Rs.10000/- as per recent amendment.
47 The stamping of the documents should be done:
a) Before execution b) at the time of execution c) after execution
d) a & b e) none.
48 Usance bill drawn in favour of bank is exempted from stamp duty where the tenor of the bill
does not exceed__________months:

a) 4 b) 2 c) 1 d) 3 e) None of the above.
49 A Power of Attorney executed by an NRI in favour of his mother for obtaining payment from
the deceased account in the name of his father, has been received. This requires to be
stamped as per rates prescribed by _____, within a period of ______.
a) Central govt, 4 months. b) Central Govt,3 months, c) State Got, 4 months d) State govt,
3 month e) None
50 Which of the following is correct with regard to repo transaction:

a). Banks sell securities to RBI and liquidity is inject in the system
b). RBI sells the securities to bank and liquidity is injected in the system
c). RBI buys the securities from bank and liquidity is absorbed
d). Banks sell the securities to RBI and liquidity is absorbed
ANSWER SHEET:: TEST BOOKLET NO.BSN1960107

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

1 What is the present SLR rate?
a) 25 b) 40 c) 21.5 d) 22 e) None
2 The existing SJSRY (Swaarna Jayanti Shahari Rozgar Yojana was restructured as NATIONAL URBAN
LIVELIHOOD MISSION (NULM) w.e.f. 24thSept, 2013.
a) National Rural Livelihood Mission
b) Sarna Jayanti Jan Dhan Yojna
c) National Urban Livelihood Mission
d) National Mission Urban Poor Integration Scheme
3 Export Credit can be classified as Priority sector up to incremental export credit over corresponding date
of the preceding year, up to 2% of ANBC or credit Equivlent amount of Off balance sheet exposure,
whichever is higher, effective from April 1, 2015 subject to a sanctioned limit of Rs.______Crore per
borrower to units having turnover of up to Rs.______Crores.
a) 5, 50 b) 10, 50 c) 15, 100 d) 25, 1000 e) 25, 100
4 Modified Tractor Scheme which is correct?
2. 3 Acre perennially irrigated land eligible for Tractor finance.
3. Sanctioning Authority rests with Branch Head if marging offered is more than 30% and if less
than 30% then sanctioning authority rests with Regional Head.
4. Concession in Rate of Interest f rom 0.75% to 1.50%
5. Margin of 25% is stipulated on 2nd Tractor loan (after disposal of 1st tractor)
6. All the above
5 RBI has advised banks to reimburse to customers the amount wrongfully debited within a
maximum period of ______from the date of receipt of customer complaints.
a) 12 days b) 10 days c) 15 days d) One month e) 7 days.
6 Reserve Bank of India has now permitted banks to issue guarantees for period beyond______
a) 7 years b) 10 years c) 15 years d) 20 years e) None
7 The maximum distance criterion for business correspondent for rural, semi-urban and urban
areas is increased from 15 km to ______for deeper penetration of banking services.
a) 20 km b) 25 km c) 30 km d) 35 km e) 50 km
8 Full form of ICAAP:

a) Internal Capital Adequacy Assessment Program.
b) Internal Capital Adequacy Assessment Process
c) Internal Capital Adequacy Assessment Progress
d) Internal Capital Adequacy Assessment Procedure
e) None
9 As per notification issued by the SEBI all listed Companies will have to make full disclosure of
pledged shares within______
a) 7 days b) 7 working days c) 10 days d) 10 working days e) 3 months
10 RBI has advised that for loans against NRE/FCNR deposits is now enhanced to _________
a) Rs.40 lakh b) Rs.50 lakh c) Rs.60 lakh d) No ceiling e) Rs. 1 Crore
11 The following is an actionable claim, Please identify.
a) Debt secured by Mortgage b) Book debts c) Jewel loan d) all the above e) None.
12 Loans to individuals for educational purposes including vocational courses up to Rs._____ lakh
irrespective of the sancationed amount will be considered as eligible for priority sector.
a) 10 b) 15 c) 20 d) 25 e) Now there is no such limit.
13 Which of the following is not true with regard to lien:
a. in lien, right to retain only is available to the creditor unless it is a bank
b. in negative, no legal right is acquired
c. in case of bank, lien is general lien called implied pledge where bank acquires to right to retain
and right to sell
d. right of lien can be exercised without intervention of court, without any notice to the
borrower
e. right of lien is available where the banker-customer relationship is that of creditor and
debtor.
14 The Projected Turn Over method as given by Nayak Committee is for SSI units with working
capital (WCFB) sanctioned limits upto Rs.____Crores and Non-SSI limits upto Rs._____Crores.
a) 3 & 2 b) 5 & 2 c) 5 & 1 d) 1 & 5 e) None
15 Corporate Debt Restructuring is applicable to__________

a) Consortium / Syndication with outstanding of Rs.10 Crore and above.
b) Consortium / Syndication with outstanding of Rs.5 Crore and above
c) Consortium / Syndication with outstanding of Rs.2 Crore and above
d) Consortium / Syndication with outstanding of Rs.50 Crore and above
e) None
16 What is the maximum tenure of Cash Management bill?
a) 30 days b) 45 days c) 60 days d) 90 days e) 15 days
17 Under the SARFAESI Act the appeal against, the decision of DRT can be made to DRAT only if
_______% of amount is deposited, which can be reduced to_______
a) 75-25
b) 75-0
c) 50-25
d) 75-50
e) 25-50
18 In Education Loan no Collateral security is to be obtained upto a loan of Rs._____lacs.
a) 4 lacs b) 5 lacs c) 7.5 lacs d) 10 lacs e) None
19 The ceiling for referring cases for recovery to Lok Adalat is Rs._______
a) Rs.10 lacs b) 12 lacs c) RS.15 lacs d) Rs.20 lacs e) Rs.7.50 lacs
20 The maximum amount of Credit granted under Laghu Udhayami Card Scheme is Rs. _____and
the validity period of Card is ______years.
a) Rs.10 lacs & 3 b) Rs.5 lacs & 3 c) Rs.2 lacs & 3 d) Rs.50000 & 3 e) None
21 The lock in period has been reduced to _______months by CGTMSE.
a) 36 months b) Rs.24 months c) 18 months d) 12 months e) None
22 Bearer Demand Draft, Promissory note and Bill of Exchange cannot be issued by Commercial
banks under Sec_________
a) 85 NI Act b) 31 RBI Act c) 42 BR Act d) Customs and Usage e) 31 of NI Act.
23 For an unsecured Sub-Standard a/c, provision required to be is ________%
a) 10 b) 15 c) 30 d) 25 e) 50
24 Banks will accept the following document for Identity purpose under KYC norms.
a) Passport, PAN Card. b) Driving Licence c) Job Card issued under MG-NREG d) a & b
e) a,b, & c
25 Which of the following is a situation of negative net working capital
a).Current assets are more than Current liabilities
b). Current liabilities are more than current asset
c). Net-worth is more than intangible assets
d). Fixed assets are more than net worth
26 Lok Adalats are constituted under:

a) Legal Services Authorities act b) Lok Adalat Act, c) Judicial Services Act, d) RBI Act
e) None
27 A NPA shall be eligible for sale to other banks only if it has remained a NPA for at least_____
years in the; books of the selling bank.
a) 1 b) 2 c) 3 d) No period stipulated e) None
28 Swarna Jayanti Gram Swaraozgar Yojana (SGSY) scheme was restructured as ___________to
make it universal in application, focused in approach and time bound for poverty eradication by
2014-15.
e) National Rural Livelihood Mission
f) National Rural Employment Generation Scheme.
g) National Rural Employment Generation Programme.
h) Included in the revised SJSRY Scheme.
i) None
29 An NPA assets should be held by the purchasing bank in its books at least for a period
of______months before it is sold to other banks.
a) 6 months b) 9 Months c) 12 months d) 15 months e) 18 months
30 Bank has to submit 15 H concerning TDS to Income Tax Department by______of following
month.
a) 5th b) 7th c) 10th d) 15th e) No stipulation.
31 How many digits have a MICR cheque?.
a) 12 b) 15 c) 17 d) 9 e) 10
32 How much Refinance is available against Packing Credit in Foreign Currency from RBI to the
Commercial Banks.
a) 15% b) 50% c) 75% d) 100% e) No refinance
33 What is the Limitation period for filing case in Consumer Courts under COPRA________
a) Two years from the cause of action.
b) One year from the cause of action. 6
months from the cause of action.
c) 18 months from the cause of action.
d) No period
34 What is the Project Cost under PMEGP scheme for Manufacturing unit?
a) 10 Lakhs b) Rs.15 lacs c) RS.20 lacs d) RS.25 lacs e) No limit.
35 What is the extent of punishment and monetary penalty for payment interest and principal of
Rs.20000/- and above in cash in case of FDR.
a) Penalty equal amount so paid and imprisonment for 1 year.
b) Imprisonment for 1 year
c) Only penalty equal amount of deposit so paid .
d) Double the amount so paid.
e) None
36 Banks proposing to enter into Insurance business should have Net Worth of Rs._________
a) 200 crores b) 250 crores c) 300 Crores d) 100 crores e) 500 crores
37 What is advantage referring cases to Lok Adalats.

a) Consented decree b) No court fee c) No appeal d) a, b, & c e) a & b only
38 The formula for doubling of the amount after specific period will be:
a) 0.5+ 59/rate b) 0.35+69/rate c) 0.36+56/rate d) 0.36+69/rate e) None
39 CGTMSE Guarantee cover for Working Capital loan is available for a maximum period of :
a) 3 years b) 2 years c) As long as continues the a/c d) 5 years e) None

40 Different types of Derivates in the Foreign Exchange and Commodity markets are:
a) Forward contracts b) Future Contracts c) Options d) Swaps e) all are correct.
41 Coupon rate means
a) Market rate of return of a bond / debenture.
b) The rate at which the bond would pay interest at stipulated period.
c) The total amount (Principal+Interest) that a bond would pay
d) Yield to maturity of the bond.
e) NOne
42 What is the maximum loan that can be allowed to a dealer in cattle feed / poultry feed, within
Priority Sector?
a) Rs.10 lacs b) Rs.20 lakhs c) Rs.30 lakhs d) Rs.500 lacs e) Rs.100
43 What is the name of the Organization which was formed to manage the operations of Retail
payments and settlement in India at present?
a) RBI b) NPCI c) IBA d) FIMMDA e) none
44 Imprisonment under section 138 of NI Act is upto_______years.
a) 2 b) 1 c) 3 d) 5 e) None
45 In a joint Union Green Card account to cover the name of 2 nd person in the Insurance scheme
available _________% extra premium to be paid by the borrower.
a) 25 b) 50 c) 75 d) 100 e) Not necessary
46 Who cannot become a partner in a partnership as per Supreme Court judgment?
a) HUF as it is not a legal entity and it cannot be created by acts of parties.
b) Married women c) Blind persons d) All of them e) None.
47 Minimum CRR that can be prescribed by RBI to Banks at present is?
a) 3% b) 5% c) No such limit d) 15% e) 6%
48 Reply is required to be given under Right to information Act in maximum within___ days. Who
can seek information:
a). 10 days, any person residing in India
b). 15 days, any person
c). 20 days, resident Indian,
d). 30 days, Citizen of India
49 If Cash shortage is more than Rs._____and not reported by cashier, but detected by
Management / Inspecting Officer will be treated as fraud:
a) 1000/- b) 5000 c) 10000 d) 15000 e) No such limit
50 The rate of interest to be paid by RBI on the balances of CRR is..% ?
a) 3% b) Bank rate c) Repo rate + 2% d) NIL e) 5%
ANSWER SHEET :: TEST BOOKLET NO.BSN1960108
1 C 11 B 21 C 31 C 41 B
2 C 12 A 22 B 32 E 42 D
3 E 13 D 23 D 33 A 43 B
4 D 14 C 24 E 34 D 44 A
5 E 15 A 25 B 35 C 45 A
6 B 16 D 26 A 36 E 46 A
7 C 17 C 27 B 37 D 47 C
8 B 18 C 28 A 38 B 48 D
9 B 19 D 29 D 39 D 49 B
10 D 20 A 30 B 40 E 50 D


1 As per New Companies Act, 2013 the number of permissible members in private
company has been raised to ____ as against existing limit of 50 members.
a) 75 b) 100 c) 125 d) 150 e) 200
2 Minimum number of individuals required to form a Limited Liability Company under

New Company Law, 2013:
a) 1 b) 2 c) 7 d) 20 e) 50
3 A Person can hold Directorship of up to ____ Companies, of which not more
than_____ can be Public Companies under enacted Company Law, 2013.
a) 10 & 10 b) 20 & 10 c) 20 & 20 d) 10 & 10 e) 15 & 10
4 Small Company concept is introduced for lesser regulatory framework and
definition has been provided for a Small Company.
a) It is defined as a Company other than a Public Company having a paid up
share capital of which does not exceed Rs.50 lakh rupees
b) or such higher amount as may be prescribed not exceeding Rs.5 Crores
c) or turnover of which does not exceed Rs.2 Crores
d) or such higher amount as may be prescribed not exceedintg Rs.20 Crores.
e) All the above.
5 All Companies with turnover of Rs.1000 Crores and more, or a Net Worth of Rs.500
Crores and more or Net Profit of Rs.5 Crore and more will have to spend at least
________% of their three year average profit every year on Corporate Social
Responsibility.
a) 1 b) 2 c) 3 d) 4 e) 5
6 An account of a Indian Bank maintained with Bank of America in Washington is
called_________a/c.
a) Nostro a/c b) Vostro A/c c) Loro account d) Current a/c e) None.
7 A, B, C are 3 partners sharing profits in 4:3:2, D is admitted for 1/3 rd share of profits. Now
new ratio is
a) 4:3:2:1 b) 8:6:4:9 c) 5:3:3:2 d) 9:5:3:2 e) None
8 Maximum period up to which Exporter is provided advance against Post shipment Duty
Drawback scheme?
a) 90 days b) 180 days c) 360 days d) 365 days e) No limit
9 What is the maximum period available for realization of export proceeds in normal case?
a) 6 months b) 9 months c) 12 months d) 15 months e) 24 months
10 What is the Normal Transit Period [NTP] for all bills in Foreign Currency is _______days.
a) 20 b) 25 c) 30 d) 45 e) 10
11 The bank transaction time at RTGS is ______ on a normal day:
a) 9 AM to 6: PM b) 9 AM to 6:30 PM c) 9 AM to 3 PM d) 9 AM to 4 PM
12 Who will announce the Foreign Trade Policy in India?
a) RBI b) IBA c) Finance Ministry d) Commerce Ministry e) DGFT
13 Under CTS-2010 Standard all cheques shall bear a water mark with the words
a) UBS-INDIA b) IBA-INDIA c) FIU-INDIA d) CTS-INDIA e) no change.
14 Under UCPDC-600, a bill is to be drawn in the beginning of the month under LC. What does it
means:
a) On Ist of month b) Ist to 10th of month c) Ist to 7th of month d) Ist to 15th e)
None
15 Bill of lading to be submitted within 21 days , if date of shipment is 28 th Sept, 08 documents to

be tendered on or before:
a) 17 th Oct, b) 18th Oct, c) 19 oct, d) 20th oct, e) no stipulation.
16 Which form evidences the Export of Goods?
a) Bill of Entry b) A-1 c) GR Form d) BEF e) No form.
17 Who issue the Import Export Code Number [IECN] ?
a) RBI b) Ministry of Finance c) DGFT d) FEDAI e) None
18 When banks are issued in lieu of security deposits, earnest money deposits etc to be made by
the applicant customers, they are called_______guarantee.
a) Bid bond b) Performance c) Financial d) Earnest money e) None
19 A Transferable Letter of Credit can be transferred_________
a) Fully b) Partly c) only once d) a, b, & c e) None
20 The new UCPDC 600 brochure come into effect w.e.f.
a) 01.07.2007 b) 01.07.2008 c) 01.07.2006 d) 01.07.2009 e) None
21 What is maximum limit for remitting funds under Liberalized Remittance Scheme(LRS) ?
a) Us $ 50000 b) US $ 20000 c) US $ 100000 d) US $ 200000 e) US $ 125000
22 How much foreign exchange can be retained by a resident individual returning from abroad?
a) US $ 500 b) US $ 1000 c) US $ 2000 d) US $ 5000 e) US $ 10000
23 In case of Priority Sector Advances, no-dues certificate is not to be obtained from Small and
Marginal farmers as pr RBI guidelines for advances up to Rs._________ ?
a) Rs.25000 b) Rs.50000 c) Rs.10000 d) Rs.200000 e) All Priority Sec
advances
24 Which type of computer network will be needed if the networking is to be done in a building
premises?
a) LAN b) WAN c) Booting d) WEB e) None
25 R Returns are submitted by the banks to RBI on..basis?
a) Weekly b) Fortnightly c) Monthly d) Quarterly e) Half yearly.
26 Banks charge on LIC policy is created by way of _________________
a) Pledge b) Assignment c) Mortgage d) Hypothecation e) None
27 Net working capital is Rs.80,000/- Current Ratio is 3:1, What will be the amount of Current
Asset?
a) Rs.40000 b) Rs.100000 c) Rs.80000 d) Rs.120,000 e) Rs. 160,000
28 For Medical treatment abroad, how much amount can be given; by the bank on declaration
basis?
a) US $ 25000 b) US $ 50000 c) US $ 100000 d) US $ 200000 e) None
29 Mr. Ram and Mr. Laxman are having a joint account with operation mode Either or Survivor.
Mr.Ram signs a cheque and creates a mistake. Mr. Laxman authenticates the correction.
What should do?
a) Should not pay since Ram not authenticated.
b) Can be paid if Mr. Ram authenticated.
c) Return the cheque
d) Can be paid safely
e) Refer the matter to the Regional Office.
30 Hindi is our National Language. Every year we are celebrating Hindi Diwas on___________?
a) 14th July, b) 14th Sept c) 14th Oct d) 15th Aug e) 26th Jan
31 Banks will charge as per RBI guidelines for inward RTGS remittance of Rs.____ ?
a) Rs.25 b) Rs.50 c) Rs.100 d) Rs.75l e) None
32 How many Export Declaration forms are there?
a) 1 b) 2 c) 3 d) 4 e) 6
33 Which type of Export declaration form will be used for export of Software in non-physical
form?
1. GR Form b) PP Form c) SDF d) SOFTEX Form e) No form required
34 Import licence issued by concerned authority is valid for a period of_________months.

a) 6 b) 12 c) 18 d) 24 e) 36
35 Payment of import of goods shall be made within _______ months of date of shipment.
a) 3 b) 6 c) 9 d) 12 e) 15
36 Which type of Export declaration will be used for Export of Services?
a) GR form b) GR form & SDF c) PP form & SDF d) SOFTEX Form e) No
specific form
37 How many incoterms are there as per ICC 560 brochure w.e.f. 2000?
a) 8 b) 12 c) 20 d) 11 e) 15
38 Maximum loan of Rs.________can be sanctioned under UNION ARTISAN CREDIT CARD?

a) Rs.25000 b) Rs.50000 c) Rs.100,000 d) Rs.200000 e) Rs.500,000
39 Under the new guidelines for DRI loans a separate loan of Rs._______can be sanctioned to
SC/ST members for Housing purpose inadditon to the Rs.15000/- individual credit.
a) Rs.5000 b) Rs.10000 c) Rs. 15000 d) Rs.20000 e) Rs.25000
40 Under Debt Swapping Scheme for farmers indebted to non-institutional lender maximum that
can be given is Rs._________
a) 25% of new/renewal amount of UGC limit or Rs.100,000 whichever is less.
b) Rs. Rs.50,000/- or 25% of UGC limit whichever is less.
c) Rs.25,000 limit can directly sanction.
d) Any amount on submission of documentary evidence.
e) None.
41 The term loan provided under Debt Swapping Scheme for farmers has to be repaid within a
maximum period of _______years.
a) 3 b) 5 c) 7 d) 9 e) 12
42 Goodwill in the Balance Sheet of a firm is recorded as:
a) Contingent liability b) Current Asset c) Non Current Asset d) Fictitious Asset.
43 Under the Scheme of JOINT LIABILITY GROUPS a maximum loan of Rs._____per member can
be sanctioned?
a) Rs.10000 b) Rs.25000 c) Rs.50000 d) Rs.100000 e) Rs. 200000
44 Maximum loan amount of Rs______lakhs that can be sanctioned under Union Home in
Mumbai, Delhi, Kolkata, Chennai, Bangalore and Ahmedabad?
a) 100 b) 150 c) 200 d) 250 e) No such limit
45 Maximum repayment period under Union Home should not exceed ______years (including
moratorium) for construction / purchase of house / flat and ______years for Repairs.
a) 15, 5 b) 30, 10 c) 20, 8 d) 20, 10 e) 25, 15
46 Interest concession of ______% is available to the educational loan borrowers if the interest is
being serviced regularly during the course / moratorium period.
a) 0.50 b) 0.75 c) 1.00 d) 0.25 e) No concession during moratorium
47 Maximum tenure of loan under Union Reverse Mortgage scheme is ______years.
a) 5 b) 10 c) 12 d) 15 e) 20
48 RBI directs all banks to adopt the BASE RATE system in place of BPLR w.e.f.____________
a) 01.03.2010 b) 01.04.2010 c) 01.07.2010 d) 01.01.2011 e) None

49
Which among the following is not correct with regard to complaint by a customer to Banking
Ombudsman?
a. it can be lodged when customer does not get reply from the bank within one months or
when the customer is not satisfied with the reply
b. it can be lodged for deposit and ancillary services and for delay in sanction of loans
c. it can be lodged in case of credit card issues and fair practices code
d. it can be lodged with in one year from date of cause of action
e. none of the above

50
What is the form that the importer has to submit to the Bank for advance remittance to
Exporter?
a) Form A-1 b) ETX-01 c) XOS d) Form A-4 e) Only request letter
ANSWER SHEET :: TEST BOOKLET NO.BSN1960109

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

OME GANESHAYANAMAH

1 Advance of Rs.2 Crore to Cold Storage unit for storage of Agril produce will be Classified under.
a) Direct Agriculture finance
b) Indirect Agril finance.
c) Advance to Small Enterprises.
d) Advance infrastructure.
2 Maximum loan of Rs._______lakhs that can be sanctioned under Union Miles for purchase of a
Car?
a. 75 b) 20 c) 5 d) 3 e) 10
3 How many category classifications are there in UCCA account at present?
a) 1 b) 2 c) 4 d) 3 e) 5
4 Under UCCA account a month means.?
a) Ist day of the month to last day
b) 10th day of month to next month 9th
c) 15th of the month to 14th of next month.
d) Month will be calculated from the date of opening to same day of next month.
e) 16th of present month to 15th of next month.
5 Credit Process Audit shall be done for accounts of Rs.______lakhs and above?
a) 25 b) 50 c) 60 d) 75 e) 100
6 Segregation of Dormant account shall be done on every_________
a) Month b) Quarter c) Half year d) Annually e) None
7 The minimum Annual Income of Rs.________lac shall be for Salaried persons under Union Card
for Silver card category.
a) 1.5 b) 1.80 c) 2.00 d) 2.50 e) 3.00
8 The minimum Credit limit of ______% Annual Gross Income Rs.________that can be
sanctioned under UNION CLASSIC card ?
a) 20% of Annual Gross Income reported with a minimum limit of Rs.25000/-
b) 25% of Annual Gross Income reported with a minimum limit of Rs.50000/-
c) 15% of Annual Gross Income reported with a minimum limit of Rs.25000/-
d) 20% of Annual Gross Income reported with a minimum limit of Rs.50000/-
9 A Garnishee order was received by your branch in connection Account of Mr.Sahoo by a court
on the application of Mr.Behera. In this case who is the Garnishee?
a) Court b) Customer c) Debtor d) Banker e) None
10 Your Customer Mr. Shailendra Singh wants to know the service charges for inward remittance
through RTGS for amount of Rs.5.50 lacs?
a) Rs.25 b) Rs.50 c) Rs.75 d) Rs.100 e) Free of Cost
11 Under PMEGP loan will not be considered for the following activity & was under negative list?
a) Opening of Grocery and stationery shops etc.,
b) Goitre rearing
c) Piggery rearing
d) Poultry
e) All the above.
12 Under the Capital Investment Subsidy Scheme (CISS) for Rural Godowns promoted by Farmers
are eligible for Subsidy of ______% of the Capital Cost of the godown subejct to a maximum of
Rs.46.87 lakhs.
a) 10% b) 15% c) 20% d) 25% e) 33.33%
13 Financing against Warehouse receipts to Traders/Processors/Arthiyas Minimum Net Worth of
the borrower shall be _________ .
a) 5% of the Sanctioned limit

b) 10% of the sanctioned limit
c) 15% of the sanctioned limit
d) 20% of the sanctioned limit.
14 To obtain a Tractor loan in under modified Tractor scheme, borrower must own ______acres of
perenially irrigated land.
a) 3 b) 4 c) 5 d) 6 e) 7
15 All counterfeit notes received back from the police authorities may be carefully preserved in the
safe custody of the bank for______ from date of receipt and a record thereof be maintained by
the branch concerned:
a) 1 year b) 2 year c) 3 year d) 4 year
16 Scoring models in Agriculture advances has been introduced in our bank. Scoring models for
land based Agriculture loans for Crop, Minor Irrigation and Farm Mechanization are available for
the loans above Rs._____lacs.
a) 1 b) 2 c) 5 d) 10 e) no rating models for Agril loans.
17 Maximum extent of Guarantee cover available for the loans given up to Rs.5 lacs to the Micro
Enterprises by CGTMSE ?
a) 60% b) 75% c) 85% d) 100% e) not eligible up to Rs.5 lacs
18 There was a deposit in your bank in the name of Satish kumar who is a Minor, a/c being
operated by the Father Guardian. In case Father Guardian expires before maturity of Deposit,
then to who will receive the deposit amount during the Minority period.
a) Minor after attaining majority. b ) Court appointed guardian c) Mother d) All
19 RBI introduced scheme for providing incentives to banks for extending enhanced services in the
area of mutilated / soiled notes & coin distribution and levying penalties for deficiency in
providing services to members of the public distribution of coins over the counter is :
a) 25/- per bag b) Rs.10/- per bag c) Rs.15/- per bag d) Rs.20/- per bag e) none
20 Adjusted Net Bank Credit will be calculated for priority sector purpose as?
a) NBC- Non SLR bonds in HTM category
b) NBC + Non SLR bonds in HTM category
c) NBC + FCNR and NRNR deposits
d) NBC FCNR & NRNR deposits
e) None.
21 Rural Infrastructure Development Fund (RIDF) will be maintained by________
a) RBI b) SIDBI c) NABARD d) FRC e) PFDRA
22 A MINIMUM Deposit of Rs.500/- and a maximum deposit of Rs.________ can be done in Public
Provident Fund.
a) 50000 b) 1500000 c) 70000 d) 500000 e) 1700000
23 Maximum of loan of Rs.______lakhs that can be given for a Four Wheeler new vehicle in our
Bank?
a) 10 b) 20 c) 30 d) 75 e) 50
24 As per guidelines on introduction & KYC compliance all new accounts will have a cooling period
of _____days during which only limited cash in and out transactions will be allowed, no intersol
transaction/alternate delivery channels will be operationalised, and ATM card also not activated
during this period.
a) 3 b) 5 c) 6 d) 7 e) 15
25 Banks maintain secrecy of accounts of their customers as a result of which of the following:
a). as per provisions of NI Act
b). as per provisions of Banking Regulation Act
c). as per contractual obligation under implied contract
d). as per prevailing practices among banks
e). as per provisions of RBI Act
26 1. A firm has been sanctioned Cash Credit limit of Rs.5 lac. The value of stocks with the firm

is Rs.8 lac with 30% margin. What is drawing power and notional drawing power:
a). Rs.5 lac and Rs.3.50 lac
b). Rs.5.60 lac and Rs.3.50 lac
c). Rs.5.60 lac and Rs.5 lac
d). Rs.5 lac and Rs.5.60 lac
e). Rs.3.50 lac and Rs.5 lac
27 Bank issued a bank guarantee on behalf of its customer ABC Limited. The amount of guarantee
shall be shown by the bank, in its balance sheet as:
a). intangible assets under loans and advances
b). borrowing from others
c). other liabilities and provisions
d). contingent liability, as a contra entry
28 Cash remittance from Branch to Branch or Branch to Currency chest if the amount is above
Rs.15 lacs and up to Rs.50 lac, _____Armed Guard shall escort the remittance.
a) 1 b) 2 c) 3 d) 4 e) 5
29 As per Restructuring of accounts guidelines, there shall not be any processing charges for the
following.
a) Crop Loan b) Edu Loan c) Micro enterprises d) Small Loan up to Rs.5 lacs
e) a,b,c,& d.
30 The target for priority sector lending to minorities has been set to_______% and is likely to be
achieved in the current year, according to the budget estimates.
(a) 5 b) 10 c) 12.5 d) 15 e) None
31 After expiry of the father, a mother of a minor boy writes a will appointing Mr. X as the guardian
of the minor boy, in case of death of mother. Such guardian:
a). cannot be appointed by the will of the mother
b). shall be called a testamentary guardian
c). shall be called a legal guardian
d). shall assume his functions of guardian after seeking court permission
e). none of the above.
32 A&B, husband & wife, have separate Saving Bank a/c in your bank. B comes to your bank and
requests for information about balance in account of A. How you will deal.
a). you should disclose balance as she is wife
b). you should disclose information as there is no dispute amongst them
c). you can not disclose and will not accept her request
d). you will inform A about this.
33 What do you mean by net block, in the balance sheet of a partnership firm:
a). original cost of fixed asset depreciation
b). cost of fixed assets + depreciation
c). current assets current liabilities
d). net worth intangible assets.
34 Balance sheet of a borrower shows prepaid expenses of Rs.1 lac, preliminary expenses of Rs.1
lac, outstanding expenses of Rs.2 lac, goodwill of Rs.3 lac. The amount of intangible assets would
be:
a) Rs.3 lac b) Rs.4 lac c) Rs. 5 lacs d) Rs. 6 lacs e) Rs.7 lacs.
35 Corporate Debt Restructure is applicable to which of the following accounts:
a). a term loan and working capital limit of Rs.25 cr from Bank-B
b). working capital limit of Rs.10.50 cr by Bank C and Bank D
c). term loan of Rs.27 cr sanctioned by a financial institution
d). working capital and term loan sanctioned by Bank X and Bank Y for Rs.8 cr
36 X and Y are having a joint saving bank account with either or survivor operations. A bearer
cheque is signed by Y and a cutting in the name of payee is confirmed by X:
a). cheque can be paid as alteration has been properly authenticated
b). cheque can be paid even if no confirmed as change is only in name of payee and cheque is
bearer
c). cheque cannot be paid as it requires confirmation from the same person who has signed
d). cheque cannot be paid as it requires confirmation from both of them
37 Mr. D Singh and Mr. K Singh are maintaining a current account in `former and survivor
operations. Mr. K Singh (illiterate) issues a notice to the bank that the operations in the account
should be stopped as there is some dispute between both of them. He also mentions that
money in the account belongs to him but for operational convenience, the power to operate the
account was given in favour of D Singh. What would you do with the cheque (signed by Mr. D
Singh for Rs.670 favouring LIC of India) which has been presented through clearing, for payment
from this account?
a). the cheque is of small amount and shall be paid.
b). the cheque is in favour of LIC of India and shall be paid
c). cheque will be returned due to receipt of information about dispute
d). cheque will be paid as K Singhs instruction cannot be accepted so long as Mr. D Singh is alive
e). Any of the above.
38 Your customer Mr. Veerapan issues a cheque payable to `self or order, for Rs.55000. It is
presented for payment by his peon Mr. Prakash. The cheque is endorsed by Mr. Veerapan in
blank:
a). cheque should not be paid as it is drawn in favour of self
b). cheque should not be paid as it is not drawn properly
c). cheque can be paid as it is properly drawn and endorsed in blank the payment of which can
be obtained by the bearer
d). cheques payable to self or order cannot be endorsed in blank
39 Your branch maintains a current account of a partnership firm Sandhu & Company with Sandeep
Sandhu and Kuldeep Sidhu as partners. Master Sandesh Sandhu (son of Mr. Sandeep Sandhu) is
also admitted to the firm for benefits. In order to meet the financial requirements of the firm,
Mr. Sandhu approaches the bank to sanction a demand loan against an FDR in the name of
Master Sandesh u/g of Mr. Sandeep Sandhu:
a). the loan is needed by the firm, in which the minor is a partner, hence can be sanctioned
b).. the loan is being raised by the father of the minor, due to which it can be sanctioned
c). he loan can be sanctioned by keeping the FDR as security
d). the loan can be sanctioned if the father declares that it is for the benefit of the minor.
e). Loan cannot be sanctioned
40 An FD payable to either or survivor for Rs. 25000 is in the names of A and B. The receipt is lost
and a duplicate is issued on the basis of indemnity. Later on A comes with original on date of
maturity for payment.
a): The bank will pay to A because it is payable to either or survivor
b): The bank will not pay because a duplicate has been issued making the original as useless.
Hence the consent of B is required
c): The court will be informed.
d): any of the above at the discretion of the bank
e): None of the above.
41 A cheque of Rs.15000 issued in favour of M/s Manish Kumar & Sons is deposited by the
proprietor of the firm Mr. Manish Kumar in his personal saving bank account, which the
collecting bank refuses to collect, to guard itself against conversion, while Manish Kumar insists
on that:
a). the stand taken by the bank is correct since the cheque belonging to the firm cannot be
collected for the account of individual
b). the stand taken by Manish Kumar is wrong as it is discretion of the bank to decide whether

to collect or not
c). stand taken by the bank is incorrect since in the case of proprietorship, the account of the
firm and that of the individual are considered in the same name and same capacity
d). cheque can be collected only if Manish Kumar provides an indemnity
42 Under which section of Banking Regulation Act 1949, every banking company has to submit
annual statement of all those accounts which are lying under in-operative category for the last
10 years (called unclaimed deposits) to RBI:
a) 27 b) 26 c) 19(2) d) 42 e) 12.
43 U/s 26 of Negotiable Instruments Act:
a): A minor can not draw promissory note or a cheque.
b): A minor who has been admitted to a partnership firm can draw a cheque .
c): A minor can draw, accept, endorse and negotiate bills of exchange, promissory note or
cheque binding all parties except himself.
d): a minor can be held liable for the bill of exchange he has accepted
e): None of the above.
44 An attachment order of Rs.80000 on a partnership firm is received, whose current a/c shows a
balance of Rs.8000. The individual accounts of the partners A, B and C are showing credit
balance of Rs.40000, Rs.34000 and Rs.2500 respectively. To meet the payment stated in the
order, how much amount will be payable from As account ?
a) Rs.32500 b)Rs. 35500 c) Rs.37500 d) Rs.400000 e) Rs.39500
45 Universal Bank is approached by Sameer, a 17 old boy with his PAN card and other necessary
information for opening a current account. He is having substantial investments in shares and
receives regular dividend. His father has recently expired and his fathers investment will also be
transferred in his name in future:
a). the account cannot be opened as it exposes the bank to undue risk
b). the account cannot be opened as it is for share transactions
c). the current account can be opened by the minor as he can draw, negotiate and give valid
discharge
d). the current account can be opened by Sameer alongwith his mother, if she is willing to do
the same
46 Modern Bank had granted a term loan for purchase of a car to Mr. Ramesh Chander which has
become time barred debt last month. A letter written 8 months back, by Mr. Ramesh Chander
to his friend Mr. Satish Kumar falls in the hands of the bank in which he had requested Mr.
Satish Kumar to give him certain funds as he has to repay the above stated loan of the bank.
a). the letter can be treated as acknowledgement of debt if particulars of the loan match with
those given in the letter which would extend the limitation period
b). the letter can not be used for the purpose of the limitation period as it is not stamped
c). the letter can not be used for limitation purpose as it is not addressed to the bank
d). the letter can be used for limitation period but it is not stamped adequately
e). all the above
47 New Delhi branch of XYZ Bank issued a fixed deposit of Rs.3 lac for 5 years in the name of Mr.
Khandelwal who raises a loan of Rs.50000 against the FDR with a view to meet exigencies at a
later stage. He comes for addition of the name of his son, as he is not keeping good health for
few months.
a). the request of the depositor will be accepted being a genuine reason
b). the request will be accepted since the addition is for the his sons name
c). the request will be accepted since the FDR is to mature after long time
d). the request cannot be accepted till the loan is outstanding
e). any of the above
48 In an HUF, there is one male major member having two minor sons. After his death who will
function on behalf of the Karta of HUF:
a): Eldest son
b): Youngest son
c): Natural guardian of the eldest son
d): guardian of the eldest appointed by court if there is no natural guardian
e): c and d
49 A, a customer has a saving bank account and her husband had withdrawn the money from the
bank on the basis of forged cheques at various occasions but the customer did not object to it.
After his death, she comes to bank and demands the money:
a): Bank would refer the matter to the court
b): Bank is liable on forged cheques
c): The bank is negligent but not liable, as the customer is party to the forgery and did not
inform the bank in time
d): loss shall be borne in the ratio of 50:50 by the bank and the customer
e): None of the above
50 If a minor admitted to a partnership firm for benefits becomes major and does not offer any
declaration about either becoming the partner of the firm or about intention to leave the firm as
a partner within 6 months of the date on which he became major or within 6 months of the date
when he first got information about his status as beneficiary of the firm:
a): It will be presumed that he is a partner
b): It will be presumed that he is not a partner
c): It will be presumed that his intention is not to become a partner
d): b and c
e): None of the above
ANSWER SHEET TEST BOOKLET NO.BSN1960110

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

1 Zero Coupon bonds are those ________:
a) Which do not make a periodical coupon payment
b) These bonds are bought for less than their face value (at a discount).
c) Are mostly issued in Auctions by Treasuries.
d) All of the above
2 Rural Area as per RBI definition is a place where the population does not exceed_________
a) 20000 (b) 50000 (c) 10000 (d) 100000 (e) None
3 Under Priority Sector what is the maximum loan that can be sanction for construction of House
in other centres population below 10 lakhs.
a) Rs.10 lac (b) Rs. 7.50 lac (c) Rs.20 lacs (d) 15 lac (e) None.
4 What is the daily transaction limit under Mobile Banking in Application bases system?
a. Rs.5000 b) Rs.50000 c) Rs.100000 d) Rs.200000 e) Rs.10000
5 As per revised guidelines bank loans up to a limit of Rs._____Crore per borrower for building
social infrastructure for activities namely schools, health care facilities, drinking water facilities
and sanitation facilities in Tier II to Tier VI centres.
a) 2 b) 5 c) 10 d) 25 e) 100
6 Abbreviate ANBC ?
a) Annual net bank credit (b) Adjusted New Bank credit (c) Adjusted Net Bond credit.
(d)Adjusted Net Bank Credit (e) None.
7 What is the base for calculating Priority Sector Advances as per New RBI guidelines.?
a). 40% of ANBC or Credit equivalent of the Off-balance exposure whichever is higher.
b). 60% of ANBC or Credit equivalent of the Off-balance exposure whichever is higher
c). 32% of ANBC or Credit equivalent of the Off-balance exposure whichever is higher
d). 18% of ANBC or Credit equivalent of the Off-balance exposure whichever is higher (e)
None.
8 40% of total advances to Small enterprises sector should go to comparatively small

micro(manufacturing) enterprises having investment in plant and machinery up to Rs._____lac
and smaller micro(service) enterprises having investment in equipment up to Rs._____lacs.
a) Rs.5 lac & Rs.10 lac (b) Rs.2 lac & Rs. 5 lakh (c) Rs.10 lac & Rs.4 lac (d) Rs.5 lac & Rs.25 lac
(e) None.
9 Bank loans up to a limit of Rs._______Crore to borrowers for purposes like solar based power
generators, biomass based power generators, wind mills, micro-hydel plants and for non-
conventional energy based public utilities viz street lighting systems and remote village
electrification.
a) 1 b) 2 c) 5 d) 10 e) 15
10 For Crop loans upto Rs.100000/-

a) Hypothecation of Crop insisted. (b) Collateral security required (c) Third party guarantee
required (d) Mortgage of land required (e) None.
11 Finance under SGSY Scheme no collateral security and / or third party guarantee should be
taken for loans to individuals up to Rs.__________and to Groups up to Rs._______lacs.

a) Rs.100000 & Rs.500000 (b) Rs.25000 & Rs.200000 (c) Rs.50000 & Rs. 125000
(d) Rs.100,000 & Rs. 10,00,000 (e) None.
12 Requirement of no due certificate has been dispensed with for loans up to Rs.50,000 taken by
the small and marginal farmers, share croppers and loan can be sanctioned on the strength of
a self declaration from the borrower. This direction from RBI as per the following committee
recommendations.
a) S.C. Gupta committee (b) C.P. Swarnakar committee (c) S,C. Johl Committee
(d) C.S. Murthy (e) Dr.P. Radhakrishnan.
13 As per the Lead Bank Management system once in every quarter BLBC (Block Level Bankers
Committee) meeting will take place. In such meeting who will chair the meeting?
a) Block Development Officer (b) Dist Collector (c) Technical/Agril extension officer
(d) The Lead District Manager (e) None.
14 Prime Minister Rozgar Yojana (PMRY) Scheme has been withdrawn by Govt of India and it was
replaced by another scheme named________w.e.f. Ist April, 2008.
a) Prime Ministers Employment Generation Programme.
b) Prime Ministers Employment Guarantee Programme.
c) Prime Ministers Effective Employment Guarantee Programme.
d) Micro, Small & Medium Enterprises schemes. E) None
15 Under the New PMEGP scheme the maximum project cost permitted in case of manufacturing
activities is RS._______lac while that for service and business activities it is Rs.______lac.
a) Rs.5 lac Rs.10 lac (b) Rs.1 lac 7 Rs.2 lac (c) Rs.2 lac & Rs.5 lac (d) Rs.25 lac & Rs.10 lac (e)
None.
16 Cultivation of Mushrooms comes under_______

a) Olericulture (b) Sericulture (c) Apriculture (d) Aviculture (e) None.
17 Rural Area means

a) As per RBI guidelines rural area means a village/town with population not exceeding 10000.
b) For KVIC act any village or town with population not exceeding 20,000 as per 1991 census or
any area classified as a village as per the land record.
c) For the purpose of NABARD Act, village/town means with population not exceeding 50,000.
d) All the above e) None
18 Farmer should be in a position to utilize the tractor and power tiller for at least _____hours and
______hours respectively either in his own farm or on hire for taking a Tractor/power tiller loan
from a bank
a) 750 & 250 (b) 1000 & 500 (c) 1000 & 600 (d) 1200 & 750 (e) None
19 Maximum repayment period in case of Tractor loans________years.

a) 7 yrs. (b) 5 yrs. (c) 9 yrs. (d) 8 yrs. (e) 10 yrs.
20 The lactation period of a cow is________________days.

a) 320 (b) 200 (c) 360 (d) 180 (e) 270
21 In case of Broiler birds, the economic life of the broiler bird is___________.

a) 10 weeks (b) 12 weeks (c) 8 weeks (d) 16 weeks (e) None.
22 A good bird lays about________eggs per year.

a) 180 (b) 240 (c) 270 (d) 300 (e) 320
23 Cocoons is connected to___________

a) Bee keeping (b) Poultry (c) Duckery (d) Sericulture (e) Mulberry plant..
24 In MPEDA M stands for ______________

a) Meat (b) Milk (c) Marine (d) Minimum (e) NOA
25 Plantation agriculture grows

a) Food crops only (b) non-food crops (c) cash crops (d fodder crops (e) NOA
26 The Gas produced in Bio-gas plant which is used for cooling is ________________.
a) Ethane (b) Methane (c) Butane (d) Carbon Monoxide (e) NOA
27 The maximum amount of the project cost for a project to be started by an individual under
Agri Clinic scheme is Rs.________
a) Rs.10 lac (b) RS.50 lac (c) Rs. 25 lac (d) 20 lac (e) Rs.5 lacs
28 In case of an Agriclinic and agro business centre scheme, started by a group of five or more
persons with one trained agriculture graduate and other non-trained graduation the maximum
project cost allowed is Rs._________.
a) Rs.10 lac (b) Rs.50 lac (c) Rs.25 lac (d) RS.20 lac (e) Rs. 5 lacs
29 In case of NABARD, Automatic refinance for farm sector is not available if the loan amount
exceeds Rs.________lacs.
a) 15 (b) 25 (c) 50 (d) 100 (e) No such limit.
30 Rate of interest charged by N ABARAD on refinance to SHG is _______

a) 10% (b) 8.5% (c) 7.5% (d) 6.5% (e) 7%
31 Under the JLG finance minimum members of JLG is ______and maximum loan of Rs. ______can
be sanctioned to a JLG member.
a) 4 & Rs.25000 (b) 5 & Rs.50000 (c) 4 & Rs.50000 (d) 5 & Rs.25000 (e) 10 & Rs.5000
32 Debts up to amount of Rs._____lacs can be referred to Lok Adalats which were established
under Legal Services Authorities Act, in Oct, 1987.
a) 5 (b) 10 (c) 15 (d) 20 (e) 25
33 Loans given for repairs to the damaged dwelling units of facilities up to Rs._____lac in Rural and
Semi urban areas and up to Rs._____lac in Urban and Metropolitan areas are considered as
Priority sector advances.
a) 2 & 5 (b) 1 & 2 (c) 5 & 10 (d) 2.5 & 5 (e) None.
34 A Cheque dated 31.11.2008 presented for payment on 30.11.2008, what the banker do?
a) Return the cheque as it is post dated cheque
(b) Return as fictitious date.
(c) Refer RO

(d) can be paid on or after 30.11.2008 safely (e) None
35 No stamp duty need be paid for usuance bills up to a usance of_____days which are routed
Through a bank.
a) 45 (b) 60 (c) 90 (d) 120 (e) 180
36 Registered Mortgage was executed on 08.11.2007. Equitable mortgage was created by Deposit
of title deed on 10.11.2007. Thereafter, Registered Mortgage was registered with Registrar of
Assurances on 01.12.2007. Which Mortgage will have priority?
Equitable Mortgage
(b) Registered Mortgage
(c) Regd Mortgage do not give any effect as equitable mortgage is powerful
(d) a & c e) None.
37 A Bill of exchange bears across its face two parallel lines with Account Payee only, what type of
crossing it is.
a) General Crossing (b) Special Crossing (c) Not negotiable crossing (d) b & c (e) None.
38 All partners are Jointly and severally liable for all debts of the firm. That means their liability
is unlimited. This was incorporated under Section_______of Indian Partnership Act, 1932.
a) 25 (b) 18 (c) 19 (d) 19 (2) (e) None.
39 In case of Standard Assets the general provision to be made against the total outstanding of
Agricultural loans and loans to SME sector is _______%.
a) 1 (b) 0.25 (c) 0.40 (d) Nil (e) None of these.
40 As per Prudential norms, the Non performing assets are classified into____categories.
a) 4 (b) 2 (c) 3 (d) 5 (e) None
41 An account which remains in Sub-standard category for a period of more than_______months

will be classified as Doubtful asset.
a) 18 (b) 12 (C) 24 (D) 6 (E) None.
42 As per Indian Contract Act 1872, consideration can be:

a) Past b) Present c) Future d) Any of the above
43 Many times, banks do not take revival letters and the debts concerned become time-barred.
Here the underlying contract can say to have become:
a) Unenforceable b) Unlawful c) Illegal d) Bad
44 The loan relating to a Partnership firm is signed by one Partner on 04.04.03; 2 nd on 10.04.03
and third one on 15.04.03. The limitation period in this case . will run from
a) 04.04.03 (b) 10.04.03 (c) 15.04.03 (d) Suit can not file as document defective (e) None
45 Limitation period for exercising right of Foreclosure in a mortgage is

a) 3 years (b) 12 Yrs. (c) 5 yrs. (d) 30 years (e) None.
46 Mr. Dharam Singh executed a DP Note for Rs.25000/- on 05.03.2009. The last date by which a
suit can be filed on the basis of this DP Note if Mr. Dharam Singh fails to repay the loan, would
be on or before..
a) 05.03.13 (b) 04.05.12 (c) 06.03.12 (d) 05.03.12 e) None

47 The period of limitation for filing an appeal to a High Court against the judgement of a Lower
court is..
a) 30 days (b) 45 days (c) 60 days (d) 90 days (e) 120 days.
48 What is the Minimum amount of loans that come under the jurisdiction of Debt Recovery
Tribunal?
a) Rs.5 lac (b) Rs.10 lac (c) Rs.15 lac (d) Rs.20 lac (e) Rs.25 lac
49 The Notice for taking possession of property to be issued under the SARFAESI Act is to be signee
by__________________
a) Br Manager (b) Regional Manager (c) Law Officer (d) Authorized Officer (e) None
50 In case of loans under Consumer segment the sanctioning authority has to draw credit
information report from CIBIL , if the advance amount exceeds RS.______
a) 1 lac and & above (b) 2 lac & above 9c) 5 lacs & above (d) 10 lac & above (e) None.
1 d 11 d 21 c 31 c 41 b
2 c 12 b 22 b 32 d 42 d
3 c 13 d 23 d 33 a 43 a
4 d 14 a 24 c 34 d 44 a
5 b 15 d 25 c 35 c 45 d
6 d 16 c 26 b 36 b 46 d
7 a 17 d 27 a 37 e 47 d
8 c 18 c 28 b 38 a 48 b
9 e 19 c 29 e 39 b 49 d
10 a 20 e 30 d 40 c 50 e

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With Best Compliments & Wishes

A Collection & Compilation

A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 2

OUR BANK STATISTICS AS ON 31.03.2015

1 GLOBAL BUSINESS MIX(Crores) 5,79,627

2 DEPOSITS (Crores) 3,16,870

4 OPERATING PROFIT(Crores) 5,823

5 NET PROFIT(Crores) 1,782

6 GROSS NPA (%) 4.96%

7 NET NPA (%) 2.71%

8 PROVISION COVERATE RATIO 59.23%

9 RETURN ON ASSETS (%) 0.49%

10 PMJDY A/cs OPENED 45 Lacs

11 CUSTOMER BASE 49 Million

17 CRAR BASEL III [%] 10.22%

A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 3

TEST BOOKLET NO.BSN1960101

a.5 lac b. 10 lacs c. 25 lacs d. 50 lacs e. 100 lacs

2 What is TAT for housing loans in our bank?

6 Quantum of loan under UNION TOP-UP is

A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 4

10 Rate of Interest is to RESET under Reverse Mortgage Loan as under:

e. Once in every 3 Years

13 Find which is not correct as per recent revised guidelines by RBI:

15 Repayment period for education loan above Rs 7.50 lacs is:

A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 5

A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 6

TEST BOOKLET NO.BSN1960101

A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 7

A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 9

30 MICR code in cheques consisting of __________digits?

37 Union Smile Scheme is open to..

A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 10

58 What is the Exposure limit for Microfinance Institutions (MFIs) ?

A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 11

TEST BOOKLET NO.BSN1960102

A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 12

TEST BOOKLET NO.BSN1960103

a) 3 years b) 5 years c) 1 year d) now no period prescribed e) none

3 Loans to farmers up to Rs.______ against Pledge/hypothecation of agricultural produce

a) Direct Agri b) Indirect Agril c) MSE d) All the above e) None

6 The Banking Ombudsman is appointed by:

a) RBI b) Govt of India c) IBA d) Supreme Court e) UPSC

7 The word Customer is defined in______?

a) Banking Regulation Act, 1949

a) Minor b) Company c) HUF d) Blind person e) Pardaneesin woman

A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 13

a) Return the cheque

a) Banking Regulation Act, 1949.

a) 2, & 20 b) 7 & 50 c) 2 & 50 d) 2 & no maximum limit e) 2 & 10

14 What is the rate of insurance premium to DICGC on bank deposits.?

a) Nominee A with legal heirs of X

a) 2 & 3 b) 3 & 6 c) 1 & 2 d) 6 & 3 e) No time frame is fixed.

18 The TDS is not applicable for the following deposit a/c.

a) FDR b) DRIC c) SDR d) Cumulative Dep e) None

a) NRE b) FCNR c) RFC d) All of the above e) None of the above

A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 14

a) 10 % b) 20% c) 25% d) 30% e) 35%

25 Probate is issued by________Court under__________Act:

a) Probator & Receiver b) Administrator & Executor c) Executor & Receiver

a) 127 b) 125 c) 126 d) 128 e) None

28 Account Payee Crossing is a direction to:

25 Probate is issued byCourt under__Act: