RECOLLECTED Q’S
RECOLLECTED Q’S 34) Banker customer relationship in standing instruction:
Agent – Principal
1) CERSAI defined in which Act: Sarfaesi Act. 35) Abbreviation for UCPDC: Uniform customs &
2) Bullion Dealers in which Risk Category: High. practices for documentary credit.
3) Under PMEGP scheme maximum project cost for 36) FCNR (B) account type: Term deposit.
service sector: Rs 10 lacs. 37) RTI: Person seeking information need not give
4) Risk weight in advances backed by State Govt reason as to why he is seeking the information.
guarantee: 20% 38) CC account credit not enough to meet interest: Out
5) CRR is defined in which section of RBI Act : Sec of order.
42(1). 39) Which is not the function of ALCO: Budget target.
6) Protection to Paying bank in case of material 40) What is time limitation for decree: 12 years.
alteration in which Section of NI Act: Sec 89. 41) Time limit to sue incase of cheque return unpaid:
7) Protection to Collecting bank is available under One month from the expiry of notice period.
which section of NI Act: Sec 131 of N.I. Act. 42) Meaning of accrual concept: Mercantile system.
8) Mutual fund are controlled by which: SEBI. 43) Collecting bank protection under which Act: Sec 131
9) CVV: CUSTOMER VERIFICATION VALUE of NI Act.
10) USSD: UNSTRUCTURED SUPPLEMENTARY 44) Period for KYC updation on low risk customers: 10
SERVICE DATA. years
11) NUUP: NATIONAL UNIFIED USSD PLATFORM. 45) CIN in case of a company indicates: Corporate
12) IMEI: INTERNATIONAL MOBILE EQUIPMENT Identity Number.
IDENTITY. 46) Partnership firm not registered then what:
13) NPCI: NATIONAL PAYMENT CORPORATION OF Partnership firm cannot file the suit on anybody.
INDIA. 47) Classification of NPA in consortium advances: Each
14) CVD: CUSTOMER VERIFICATION DATA. bank will classify according to its own record of
15) Currency of Belgium: Euro. recovery.
16) State animal of Rajasthan: Camel 48) Sarfaesi proceeding in a consortium advance if:
17) Universal set of standards & guidelines for 60% of creditors due agree.
communication by EDI is called: EDIFACT. 49) Total number of Banking Ombudsman in India: 20
18) Automated Clearing House in Hong Kong is called: 50) Long Term uses – 12; total Assets – 30; Long Term
CHATS ( CHIPS IN NEW YORK, CHAPS IN UK). source-16; What is net working capital?: 4
19) SWIFT : Society for Worldwide Interbank 51) Agency which purchases NPA from banks is called:
Financial Telecommunications. Assets Reconstruction company.
20) No collateral up to the loan amt in NRLM Aajivika: 52) What is guarantee corpus in MUDRA bank or funds
Upto 10 lacs. allocated for MUDRA: Rs.20,000 crore ( MUDRA
21) Stand by L/c is like: Bank Guarantee Head office is in New Delhi)
22) Duty of confirming bank: Only to verify the 53) Maximum deposit for allocating a locker: 3 year
genuineness of LC. advance rent plus locker breaking charges.
23) Max loan amt covered under CGTMSE: Rs 2 cr 54) Maximum deposit in PPF in a FY: Rs.1,50,000
Fund based+ non fund based. 55) When a farmer in addition to agriculture is engaged
24) DSCR is for evaluating: Term Loan repayment- in rearing of farm stock, it is called: Mixed farming.
surplus generating capacity. 56) What is full form of USB: Ultra Small Branch.
25) Current ratio used for evaluating: Liquidity position 57) Minimum and maximum period for FCNR(B)
26) Debt securitization company means: conversion of accounts: 1 year and 5 year.
receivables into debt instrument. 58) In which currency, FCNR(B) can be opened: In any
27) Min Education qualification for PMEGP: For Mfg freely convertible foreign currency.
upto 10 lac and business/service upto 5 lacs: Nil 59) What is Deferred payment Guarantee?: Guarantee
28) Variable cost: Which varies with level of issued when payment by applicant of guarantee
production. is to be made in instalments over a period of
29) Break Even Point: No profit no loss. ( TR- time.
TC=Zero) 60) What type of charge is created on FDR:
30) Special crossing banker protection section: 124 of Assignment.
NI Act 61) Target for Weaker section loan are % of ANBC:
31) Imports regulator: DGFT 10%.
32) What is Noting: Getting dishonoured B/E noted 62) Loan to MSME without Collateral: Rs. 10.00 Lac.
from notary. The certificate is called Protest. 63) Post harvest Loan against Pledge or Hypothecation
33) Current account operated by finance director dies. of crop produce provided for months: Loan
Cheque signed by him: Will be paid upto Rs. 50.00 Lac period not extending 12
CTDI, SCO 91, (1st & 2nd FLOOR), SECTOR 47-D, NEAR PNB, CHANDIGARH, PH. 9041086057- 1
RECOLLECTED Q’S
months.
CTDI, SCO 91, (1st & 2nd FLOOR), SECTOR 47-D, NEAR PNB, CHANDIGARH, PH. 9041086057- 2
RECOLLECTED Q’S
64) Debt Swap meaning: To extend finance to 91) Customer day is to be observed on which day of the
farmers for repayment of loan taken from non month: 15th of every month.
institution lenders. 92) When letter of administration issued: When a
65) Shortfall in PS advance target, amount to be person dies intestate.
deposited in: RIDF of NABARD. 93) What is rate of Premium in Pradhan Mantry
66) For Standing Instruction, relation between bank and Suraksha Bima Yojana (PMSBY)?: Premium
customers: Agent and Principal payable Rs.12 per annum per member; sum
67) If Garnishee Order without description of amount insured Death/ permanent disability Rs.2 lacs;
received, what should the bank do?: Full amount to partial disability Rs. 1 lac.
be attached. 94) What is age limit in PM Jeeven Jyoti Yojna?:
68) Minimum deposit to open BSBDA account: Nil. Eligible all saving accounts holder in the age of
69) Long duration crop means a crop with season of: 18 to 50 years; Benefits Rs. 2 lac on death due to
more than 12 months. any reason; Premium- Rs. 330 per annum per
70) Provision on secured Sub Standard Loan: 15% of member.
outstanding. 95) What is the maximum Loan amount permitted under
71) Maximum amount of Claim that can be filed Lok KCC?: No upper limit. It is at the discretion of
Adalat: Rs. 20.00 Lac. the bank.
72) Time Limit for registration of equitable mortgage 96) Minimum claim amount for filing case with DRT:
with CERSAI: 30 days from date of deposit of title Rs.10 lac and above.
deeds. 97) What is full form of IFRS?: International Financial
73) Accrual Accounting means: that expenses and Reporting Standards.
revenues are recorded in the period they occur, 98) General Insurance works on principle of: Spread of
whether or not cash is paid or received. Risk.
74) Current ratio indicates: Liquidity of the firm. 99) Contract of Insurance is a contract of: Indemnity.
75) Networking capital means: Current Assets minus 100) Bank Customer relation in Safe Custody: Bailee-
Current Liabilities. Bailor.
76) Under LRS scheme any resident individual can 101) Tax at souce is deducted on interest on fixed
remit abroad upto: $2,50,000 per person per deposit if interest paid/ payable on a fixed deposit in
financial year. a financial year is above Rs. 10,000. This is as per:
77) Monthly consolidated report to Police in case of how Section 194 A of Income Tax Act.
many counterfeit notes?: Detected upto 4 piece in 102) How much Education loan is allowed for vocational
a single deposit. purpose in India?: For course duration upto 3
78) Net Interest Income is equal to: Interest received months Rs. 20,000/-; for 3 to 6 months – Rs.
on assets minus Interest payments/expended. 50,000; 6 months to 1 year- Rs. 75,000 & Above
79) Stand by LC is similar to: Bank Guarantee. one year- Rs. 1.5 lac.
80) Pledge is: Bailment of Goods to secure payment 103) What should be the minimum qualification of
of a debt. beneficiary for being eligible for a loan under
81) Protection to Paying bank for payment of materially PMEGP if project cost in case of manufacturing is
altered cheque under: Section 89 of NI Act. more than Rs. 10 lac: Minimum 8th pass.
82) Differential rate of interest can be paid on fixed 104) Number of members in Joint Liability Group: 4 to 10.
deposit if deposit is for: Rs.1.00 crore and above. 105) In case of failed ATM transaction customer’s
83) When banks purchase Govt Security from RBI, it is account should be recredited within how many days
called: Reverse Repo. of the complaint?: 7 working days.
84) BC agent uses which machine for transactions?: 106) When a complainant receives copy of award from
Biometric Machine. Bank Ombudsman, within how many days, he is
85) Minimum Net worth for installing White label ATMs required to give his acceptance?: 30 days from
by a company: Rs.100 crore. date of receiving the copy of award.
86) Premium under PM Jeevan Jyoti Bima Yojna: Rs. 107) Appeal against decision of Banking Ombudsman
330/-. can be made to: Deputy Governor RBI.
87) Premium under PM Suaksha Bima Yojna: Rs.12/- 108) FIR to be filed if number of Counterfeit notes in a
p.a. single deposit is: 5 or above.
88) Charges of transaction above free transactions 109) Which not a credit rating agency in India: CIBIL.
while using ATM Card in other banks’s ATM : Rs. 110) When ownership with the borrower but possession
20/- per transaction. with the bank, the charge is: Pledge.
89) Minimum Lock in period for Tax saver FDR: 5 111) Mortgage is defined under: Transfer of Property
years. Act.
90) In which type of charge both possession and
ownership are with borrower: Hypothecation.
CTDI, SCO 91, (1st & 2nd FLOOR), SECTOR 47-D, NEAR PNB, CHANDIGARH, PH. 9041086057- 3
RECOLLECTED Q’S
112) What is minimum amount of DD which should be and at affordable cost is called Financial
issued by bank with account payee crossing?: Rs. Inclusion.
20,000/and above. 138) Net working capital means: Current assets minus
113) To increase liquidity, RBI performs which current liabilities.
transactions?: REPO. 139) Where the customer is a company, the beneficial
114) What is period of term repos?: 7 days to 14 days.
owner is the natural persons, who whether acting
115) Certificate of deposit issued with minimum amount alone or together, or through one or more juridical
of: Rs.1 lac and in multiples of Rs. 1 lac. person, have a controlling ownership interest or who
116) Annual deposit in Sukanya Samradhi Yojna: exercise control through other means. „Controlling
Minimum Rs. 250; Maximum Rs. 1.50 lac in a ownership interest‟ means ownership of
year. entitlement to more than per cent of the
117) Noting of Negotiable instrument refers to: Getting shares or capital or profits of the company. Where
the noting done with Notary public in respect of the customer is a partnership firm / unincorporated
dishonor of Bill of Exchange and Promissory association or body of individuals / trust : has
Notes. ownership of / entitlement to more than per
118) Blue revolution refer to: Fish breeding.
cent of capital or profits of the partnership: 25; 15.
119) Risk arising due to internal failure of system and 140) means a bank which is incorporated in
procedures: Operational risk. a country where it has no physical presence and
120) As per RTI Act, information related to life and liberty is unaffiliated to any regulated financial group:
should be submitted within: 48 hrs. Shell Bank.
121) KYC updation for Low risk customer: Once in 10
years.
122) What is a Promissory note?: Unconditional
promise to pay.
123) CC/ OD account becomes NPA when: The account
remains out of order.
124) Which tax has been abolished in Budget 2015-16?:
Wealth tax.
125) Full form of LIBOR: London Inter Bank Offered
Rate.
126) New name of Export Credit Guarantee Corporation
of India is: ECGC Ltd.
127) Full form of IRDAI is: Insurance Regulatory &
Development Authority of India.
128) New name of Planning Commission: “National
Institution for Transforming India” or “NITI”
129) Full form of ISDN: Intergrated Services Digital
Network.
130) What is the present SLR rate: 19.25% w.e.f. 5th
Jan. 2019.
131) In MICR code middle 3 digit indicates 9 -1st three is
city, next 3 bank and then branch.
132) DD must be a/c payee more than how much amt:
Rs. 20,000/ and above.
133) If CC a/c is not renewed more than months
then it becomes NPA: 6.
134) ‘PIN’ in Smart Card is called : a) Permanent
Index Number; b) Personal Identity Number; c)
Personal Index Number; d) Permanent
Identification Number.
135) Calculate the drawing power if the limit sanctioned
is Rs. 40 lac, value of security is Rs. 50 lacs and
margin is 30%: Rs. 35 lacs.
136) Which is the highest storage capacity in computer:
Peta Byte.
137) What is Financial Inclusion: Facility of extending
banking and financial services to poor person
CTDI, SCO 91, (1st & 2nd FLOOR), SECTOR 47-D, NEAR PNB, CHANDIGARH, PH. 9041086057-9041071058 3