Question Bank : SLP

1. In case of home loans who is empowered to consider sanction to the confirmed employees of reputed
organizations without insisting on minimum period of service / experience.
a. AGM
b. CM
c. ZLCC
d. DGM
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2. In case of home loans wherever the exit age goes beyond the retirement age of the applicant / co-applicant.It
should be stipulated that „----% of the balance outstanding in the home loan account at the time of retirement‟ is to
be paid out of the terminal benefits of such applicants - unless there is proof of sufficient, regular & continuous
income to take care of the future EMIs / repayment commitments
a. 50
b. 40
c. 60
d. 55
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3. In case of home loan ZLCC can consider exit age upto --- years for „applicants whose income is taken for
eligibility‟ and beyond --- years proposals should be referred to Corporate Office.
a. 60
b. 70
c. 65
d. 75
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4. In home loans ZLCC is empowered consider reimbursement of cost of construction / cost of purchase in as much
as the end use is ensured subject to reimbursement of investment made by the borrower in housing from own
sources during the preceding ----months
a. 3
b. 12
c. 9
d. 6
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5. In case of Home Loan applied for purchase of land and construction of the house,the loan towards cost of land
should not exceed 50% of the total Project Cost, if the property is in ---- area
a. urban
b. semi urban
c. rural
d. rural and semiurban
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6. In case of old buildings without Plan approval, ZLCC can consider Home Loan, if the property tax has been
assessed by the respective authorities and Tax is paid up-to-date and the expected life of the building is not less
than -----
a. 5 years plus the repayment period‟.
b. 3 years plus the repayment period‟.
c. 10 years plus the repayment period‟.
d. 2 years plus the repayment period‟.
____________________________________________________________________________________________
1. D 2. B 3. A
4. D 5. C 6. C
Question Bank : SLP

7. In home loans the residual life of the building/flat to be purchased should be a minimum of '10 years more than
the repayment period‟ of the loan. But ZLCC may permit minimum residual period of ------- of the loan.
a. 6 years more than the repayment period‟
b. 5 years more than the repayment period
c. 10 years more than the repayment period‟
d. 3 years more than the repayment period‟
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8. In case of purchase of existing house / flat being resold, the amount to be incurred towards repairs / renovation of
such house property / flat can be included as a part of total project cost (margin for such repairs / renovation should
be at par with Home Loan). The loan component relating to such repairs / renovation shall be disbursed
a. only after 6 months of creation of valid EM in bank‟s favour.
b. only after 1 month of creation of valid EM in bank‟s favour
c. only after creation of valid EM in bank‟s favour.
d. only after 3 months of creation of valid EM in bank‟s favour
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9. If the registration of Un-Divided Share of land (UDS) / flat in favour of the flat purchaser (home loan borrower) is
already done before disbursal of loan OR to be done at the time of first disbursal of loan, such proposals shall be
sanctioned by ----------------- upto their delegated powers.
a. respective sanctioning authorities, including Branch Managers
b. only by CM
c. only by AGM
d. ZLCC
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10. Quantum of home loan sanction is 60 times of grass monthly income. But ZLCC can permit loan upto -----.
a. 60 times of gross Monthly Income
b. 92 times of Net Monthly Income
c. 72 times of gross Monthly Income
d. 72 times of Net Monthly Income
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11. Under Home Loan if the total number of such units / houses is more than two per family , the exposure for the
third unit / house (First two houses whether purchased out of loan or not) should be classified as Commercial Real
Estate (CRE) Branches / Sanctioning Authorities should obtain prior ------ before considering sanction of such
proposals.
a. permission from ZLCC
b. Administrative Clearance from COLCC
c. Administrative Clearance from ZLCC
d. Administrative Clearance from ED
____________________________________________________________________________________________
12. Maximum number of residential dwelling units that can be considered for Home Loans under CRE exposure is
limited to ------
a. 5 units per person.
b. 5 units per family.
c. 3 units per family.
d. 3 units per person.
____________________________________________________________________________________________
7. D 8. D 9. C
10. B 11. C 12. B
Question Bank : SLP

13. In home loans in case of bigger projects, holiday period upto 36 months, on case to case basis may be
considered by ZLCC, subject to servicing / pre-EMI interest and repayment period (inclusive of holiday period)
should be ----
a. below 360 months.
b. below 342 months.
c. below 340 months.
d. above 360 months.
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14. In case of request for repayment of loan in variable EMI, for genuine cases, as of now variable EMI option is
available only for Home Loan accounts with repayment period of -----
a. 10 years
b. 15 years
c. 20 years.
d. all of the above
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15. If the Home Loan property to be purchased could not be offered as security for any valid reason,ZLCC can
permit alternate property can be accepted as security, provided the value of the property is ----------------.
a. more than 2 times the limit to be sanctioned
b. more than 1 times the limit to be sanctioned
c. more than 1.5 times the limit to be sanctioned
d. more than 1.25 times the limit to be sanctioned
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16. Wherever individual Home Loan Amount is Rs.100.00 lakhs and above, in addition to the LSR obtained at the
time of approving/financing the project, Branches and Zonal Office shall -----
a. not insists for second LSR
b. may obtain Second Legal Scrutiny Report
c. continue to obtain Second Legal Scrutiny Report
d. none of these
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17. In home loans EVR need not be insisted if the flat / plot / house is acquired from ------
a. Housing Board
b. tate Development authorities / Bodies
c. Local Improvement Trust / Housing Development agencies.
d. all of the above
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18. In case of difference in valuation of assets done by two independent valuers, the average of the two valuations
may be taken as notional valuation of the property if difference in valuation is --------
a. 15% or more
b. 15% or less
c. 10% or less
d. 25% or less
____________________________________________________________________________________________
13. D 14. A 15. B
16. A 17. B 18. A
Question Bank : SLP

19. In home loans the Entry Level Barrier as per extant guidelines shall be “BBB”. Proposals below this entry grade
can be considered only by ----
a. ZLCC
b. functional ZLCC (GM).
c. functional COLCC (GM).
d. Any zonal manager
____________________________________________________________________________________________

20. For accounts sanctioned by Corporate office level Credit Committee, permission for conduct of pre-release audit
is to be obtained from ---
a. COLCC
b. COLCC(GM)
c. ED
d. ZLCC.
____________________________________________________________________________________________

21. Legal Audit has to be performed for Home Loans limits of Rs------. lakhs and above.
a. 50
b. 100
c. 25
d. 75
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22. When a cheque / ECS is dishonored, the branch has to give a notice in writing to the drawer within 15 days of
the receipt of information by the branch from the bank regarding the return of the cheque If the drawer fails to make
the payment of the said amount to the Bank within 15 days of the receipt of notice file a complaint before
Metropolitan Magistrate or first class Magistrate within----- from the date of cause of action.
a. one month
b. 15 days
c. 45 days
d. 90 days
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23. For relaxation in quantum of plot loans ------ may permit relaxation in ceiling (based on location) subject to a
maximum cap of Rs.300.00 lakhs per borrower
a. COLCC (ED)
b. ZLCC (AGM)
c. COLCC (GM)
d. ZLCC
____________________________________________________________________________________________

24. In case of plot loans ZLCC on selective basis and on merits may permit extension of time for construction of
house for a period ------------from the date of availing loan
a. not more than 4 years
b. not more than 5 years
c. not more than 2 years
d. not more than 3 years
____________________________________________________________________________________________
19. B 20. C 21. C
22. C 23. B 24. A
Question Bank : SLP

25. In plot loans for NRIs/ PIOs, purchase of house site at ------area is not permitted.
a. urban
b. rural
c. metro
d. semi urban
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26. In case of IB-HOME ADVANTAGE relaxation power of exit age (If income taken for eligibility) above 75 years is
with
a. Relaxation powers with COLCC - GM
b. ED
c. ZLCC
d. Zonal manager
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27. In case of IB-HOME ADVANTAGE relaxation power of exit age (If income not taken for eligibility) above 75
years is with
a. Relaxation powers with CC/IRB
b. Relaxation powers with ZLCC
c. Both A &B
d. Relaxation powers with COLCC - GM
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28. Presently in our bank how many schemes under Educational Loan
a. 2
b. 4
c. 3
d. 5
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29. In education loan to study abroad first 500 ranks of foreign Universities except ------ may be considered.
a. China,
b. Russia
c. Ukraine
d. all of the above
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30. While sanctioning education loans in case of unrated institutions, the number of fresh sanctions should not
exceed ----% of total sanction made at Zonal level.
a. 40
b. 50
c. 45
d. 60
____________________________________________________________________________________________
25. 26. 27.
28. 29. 30.