Multiple Choice Questions Set 2

1. Limit of permitted trade transactions under Rupee Drawing Arrangement has been increased from:

a.  ₹ 1,00,000Lakh to ₹ 2,00,000 per transaction

b.  ₹ 1,00,000Lakh to ₹ 5,00,000 per transaction

c.   ₹ 5,00,000Lakh to ₹ 15,00,000 per transaction

d.  ₹ 10,00,000Lakh to ₹ 20,00,000 per transaction

2. RBI has allowed  ‘Direct to Account’ facility under Money Transfer Service Scheme (MTSS) to the Know Your Customer (KYC) compliant beneficiary bank account through electronic mode, such as, National Electronic Funds Transfer (NEFT), Immediate Payment Service (IMPS).

a.  foreign inward remittances

b.  foreign outward remittances

c.   only internal remittances

d.  All remittances within country or abroad

3. Under KYC norms for opening account, the customer has to submit _____ for address.

a.  Documentary proof for local address

b.  Documentary proof for local as well as permanent address

c.   Documentary proof for permanent address

d. One documentary proof for any address.

4. Which of the following statements is not correct relating to Relaxation regarding Officially Valid Documents (OVDs) for low risk customers:

a.  The customer can open a bank account by submitting Identity card or letter issued by a gazetted officer

b.  identity card with applicant’s photograph issued by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, and Public Financial Institutions

c.   letter issued by a gazetted officer, with a duly attested photograph of the person.

d.  All statements are correct.

5. Can those persons who do not have any of the ‘officially valid documents’ open account with banks.

a.  No account can be opened without ‘officially valid documents’

b.  A ‘small account’ can be opened on the basis of a self-attested photograph and putting her/his signature or thumb print in the presence of an official of the bank.

c.   Affidavit relating to address is required

d.  Account can be opened if the person is known to the bank officials.

6. As per revised KYC norms, time intervals for periodic updation of KYC for existing low/medium and high risk customers have been increased from 5/2 years to __________, respectively

a.    8 years/ 5 years/ 2years

b.    10 years/ 8 years/ 2years

c.    6 years/ 4 years/ 2years

d.    10 years/ 5 years/ 2years

7. KYC verification in case of  of Self Help Groups (SHGs) while opening the savings bank account; which statement is not correct?

a. Verification of all members not required

b. KYC verification of only the officials of the SHGs would suffice.

c. No separate KYC verification is needed at the time of credit linking the SHG.

d. All Statements are correct

8. KYC norms for foreign students regarding submission of the proof of local address, are:

a.  They have been allowed a time of one month for furnishing the proof of local address.

b.  They have been allowed a time of three months for furnishing the proof of local address.

c.   They have been allowed a time of six months for furnishing the proof of local address.

d.  They are not required to furnish the proof of local address.

9. Base rate/MCLR is not applicable in case of (a) DRI advances (b) loans to banks’ own employees including retired employees (c) loans to banks’ depositors against their own deposits (d) Agriculture Advances:

a.  A and b

b.  A and d

c.   A, b and c

d.  A to D all

10. RBI has issued guidelines for number of free transactions for ATMs; which of the following is not covered under the guidelines:

a.  banks to reduce the number of mandated free transactions for savings bank account holders at other bank ATMs from five to three per month.

b.  This will apply for transactions done at ATMs located in six metro centres only

c.   This reduction will not apply to customers having no-frills/small/Basic Savings Bank Deposit as well as for transactions done by savings bank account holders at ATMs situated outside NBFCs these six metro centres.

d.  Banks are also free to offer free transactions above this mandated limit.

e.  A to d all are covered.

11. Which of the following statements are correct relating to the guidelines for number of free transactions for ATMs:

a.  banks to provide their savings bank account holders with at least five free transactions per month at their own ATMs.

b.  Beyond this, banks may decide to levy transaction charges (not exceeding Rs. 20/- plus applicable taxes per transaction)

c.   Banks are also free to offer free transactions above this mandated limit.

d.  A to c all are correct.

12. The Next Generation Real Time Gross Settlement (NGRTGS) System doesn’t have which of the following features:

a.  liquidity management facility

b.  extensible markup language (XML) based messaging system

c.   real time information and transaction monitoring and control systems.

d.  24x7 remittance facility

14. Which of the following are not the features /instructions for selling Prepaid Foreign Currency Cards:

a.  Prepaid Foreign Currency Cards are a form of foreign currency

b.  Prepaid Foreign Currency Cards are similar to foreign currency notes or travellers cheques

c.   Prepaid Foreign Currency Cards can be issued to any person without any formality

d.  Prepaid Foreign Currency Cards dealers need to obtain KYC documents.

13. Yojna Aayog has been restructured as:

a. Lok-hit Aayog

b. Sewa Aayog

c. Niti Aayog

d. Jan Dhan Aayog

15. As per the provisions of the Companies Act, 2013,  ‘no company shall appoint or continue the employment of any person as Managing Director, Whole Time Director or Manager who is below the age of ______ years or has attained the age of ________ year

a.  18 years or has attained the age of 60 years

b.  21 years or has attained the age of 70 years

c.   no such limit

d.  18 years or has attained the age of 70 year

16. As per RBI guidelines, the upper age limit for the post of Managing Director and Chief Executive Officers (MD & CEO) and other Whole Time Directors (WTDs) of banks in private sector in India should be ______ years

a.  50 years

b.  60 years

c.   70 years

d.  80 years

17. Write True or False about following information which is covered under guidelines for returns, covering global operations :

a.  Statement on Liquidity Coverage Ratio (LCR)- BLR-1 Monthly – true

b.  Statement of Funding Concentration - BLR-2 Monthly - true

c.   Statement of Available Unencumbered Assets - BLR-3 Quarterly - true

d.  LCR by Significant Currency - BLR-4 Monthly- true

e.  Statement on Other Information on Liquidity - BLR-5 Monthly - true

f.    The returns are required to be submitted in XBRL platform - true

g.  Failure to adhere to instructions on timely submission and data integrity may invite penal provisions of the FEMA 2000 – False

h.  failure to adhere to instructions on timely submission and data integrity may invite penal provisions of the Banking Regulation Act, 1949. - true

18. Client Due Diligence Measures while commencing an account-based relationship by banks do not include which of the following:

a.  Client Due Diligence Measures include identifying and verifying the customer and beneficial owner on the basis of reliable and independent information and data or documentation.

b.  Apply client due diligence measures to existing clients at an interval of two/eight/ten years in respect of high/medium/low risk clients respectively.

c.   Carry out ongoing due diligence of existing clients in order to ensure that their transactions are consistent with the bank’s knowledge of the client, his business and risk profile and where necessary, the source of funds.

d.  Existing clients with risk rating AA and above are exempted from these guidelines.

19. As per CTS on Government cheques, the guidelines about preservation of Govt Cheques are true except:

a.  The presenting banks are required to preserve the physical cheques in their custody securely for a period of 10 years

b.  In case some specific cheques are required for the purpose of any investigation, enquiry, etc., under the law, they may be preserved beyond 10 year

c.   The images of all the government cheques paid should be preserved by the drawee banks likewise for a period of 10 years

d.  The drawee bank cannot return the Govt Cheque image unpaid for any reason. 

20. While dealing with CTS cheques, the bankers’ actions are governed by:

a.  Negotiable Instruments Act 1881

b.  Bankers’ Books Evidence Act 1891

c.   Clearing House Regulations, Rules framed under CTS

d.  A to c all

SET I

21. Resident Individuals can remit upto __________ under the Liberalised Remittance Scheme (LRS).

a.  USD 2,50,000 per financial year

b.  USD 2,50,000 per Calender year

c.   USD 1,25,000 per financial year

d.  USD 1,25,000 per calender year.

22. RBI has allowed all residents and non-residents except citizens of Pakistan and Bangladesh to take out Indian currency notes up to ________ while leaving the country.

a.  Rs 5,000

b.  Rs 10,000

c.   Rs 15,000

d.  Rs 25,000

23. A banking system in which the banks undertake banking business by offering high risk, medium risk and low risk products is called

a.  Door-step banking

b.  Universal banking

c.   Narrow banking

d.  International banking

24. As per RBI guidelines which of the following statements is true relating to Real Time Gross Settlement System:

a.  ‘Hybrid’ and ‘Future value dated transaction’ features

b.  Off-setting every five minutes

c.   Transactions would be settled in maximum of two attempts i.e. maximum time a transaction would be in queue is 10 minutes

d.  All are correct

25. Swarna Jayanti Shahari Rozgar Yojana (SJSRY) has been restructured as

a.  Self Employment Programme (SEP)

b.  National Urban Livelihoods Mission (NULM)

c.   Urban Women Self-Help Programme (UWSP)

d.  Urban Self Employment Programme (USEP)

26. What is full form of “NITI” in NITI Aayog:

a.  It is Hindi word NITI

b.  National Institution for Territorial Infrastructure

c.   National Institution for Transforming India

d.  National Integeration for Transforming India

27. The foreign banks having shortfall in lending to stipulated priority sector lending target/sub-targets will be required to contribute to

a.  Funds to be set up with Small Industries Development Bank of India (SIDBI) or with other Financial Institutions

b.  Micro and Small Industries Development Fund

c.   rural infrastructure development fund

d.  there is no requirement for shortfall in weaker section target

28. A firm has been allowed a loan by the bank against the stocks under custody of the bank and also on bookdebts. The bank will secure itself by creating, which of the following charge

a.  pledge of stocks and assignment of book debts

b.  pledge for both the securities

c.   hypothecation of book debts and pledge of stocks

d.  hypothecation for both the securities

29. A term deposit of a customer frozen by the tax authority

a.  can be renewed by the bank on the request of the account holder for any time period

b.  can be renewed by the bank on the request of the tax authority for any time period

c.   can be renewed by the bank on the request of the account holder for the time period equal to original term

d.  cannot be renewed as long as it is frozen.

30. A fake demand draft, purportedly issued by Delhi Branch of Bank A was paid by Mumbai Branch of Bank A when it was presented in clearing by Hyderabad Branch of Bank B. The reporting in this case will be made by

a.  Delhi Branch

b.  Mumbai Branch

c.   Hyderabad Branch

d.  any of these

31. Bank B has allowed a loan of ₹100 cr, under Commercial Real Estate  (other than CRE-RH) category to a borrower. The amount of capital for this at 9% will be

a.  ₹9 cr because risk weight is 100%

b.  ₹11.25 cr because risk weight is 125%

c.   ₹13.50 cr because risk weight is 150%

d.  none of the above is correct.

32. Bank has allowed ₹25Lakh to an MSME unit. It has also allowed loan to a dealer of fertilize₹ The accounts are in standard category. The provision will be

a.  0.4% in all accounts

b.  0.25% on loan to dealer and 0.4% other accounts

c.   0.25% on loan to MSME and dealer of fertilizers, 1% on house loan of ₹25Lakh and 0.4% other accounts

d.  0.25% in both of the above category of accounts i.e. MSME and Agri

33. Bank has given a loan to a Housing Finance Company for on-lending

a.  this is a non-priority sector loan

b.  this is a priority sector loan under investments in housing finance category

c.   this is indirect advance for housing

d.  this is a direct advance for housing, if loan is given for construction by housing finance company

34. Bank has sanctioned two loans of ₹15 Lakh each, to an MSE in the State of Tripura and another loan in Tamil Nadu. It obtains the CGT-MSE guarantee for both the loans. Guarantee fee on these loans will be

a.  1.5% of the sanctioned amount

b.  1.5% of the outstanding amount

c.   0.75% of the sanctioned amount on loan in Tripura and 1.5% on the loan in Tamil Nadu

d.  0.75% of the sanctioned amount on loan in Tripura and 1.0% on the loan in Tamil Nadu

35. Bank is approached by Mr. Sharma having no legal heir to nominate a Charitable Trust as nominee, so that the amount could be used by the Trust after his death. The bank will take following precautions while considering the request

a.  Nomination should be in the presence of two independent witnesses

b.  The name of trustees should be written in nomination form

c.   A public notice should be given to this effect the cost of which is to be born by the customer

d.  Nomination cannot be accepted.

36. Bank-X purchased an NPA from Bank-B. In this case, which of the following does not match

a.  Seller bank can sell it either on cash or on a credit basis

b.  Risk weight for buyer bank is same as it was with the seller bank

c.   For first 90 days, the asset classification with the purchaser bank will be same, as with the seller bank

d.  All the above

37. Banks are not to issue cheque book to a customer where cheques are returned for insufficiency of funds, if such returning is

a.  Of a cheque of ₹10Lakh and above

b.  Of a cheque of ₹1 cr and above

c.   Of a cheque of ₹10Lakh and above where the returning is on 2 occasions during a financial year

d.  Of a cheque of ₹1 cr and above and the returning is on 4 occasions during a financial year

38. Banks are required to review the unhedged portion of foreign currency exposures of their clients on ___ basis. (which of the following is not correct)

a.  SME customers - on monthly basis

b.  Customers with total foreign currency exposure of minimum USD 25 million - on monthly basis

c.   Other customers - on quarterly basis

d.  All are correct

39. Banks are required to submit to RBI a statement relating to Export Bills Written-Off on form ____, on half yearly basis for ____ & ____ within 15 days

a.  EBW, June and December

b.  EBW, March & September

c.   XOS, June and December

d.  BEF, June and December

40. Banks can allow advance against undrawn balances subject to

a.  concessional rate being available for maximum of 90 days

b.  remittance from abroad is received maximum within 180 days after expiry of NTP for demand bills

c.   remittance from abroad is received maximum within 180 days after expiry of usance period for usance bills

d.  all the above

41. Banks can make it mandatory to make cash payment of a demand draft above ₹_____ only

a.  ₹5000

b.  ₹25000

c.   ₹10000

d.  ₹20000

Note: As per RBI Guidelines all demand drafts above Rs 10,000 to be account payee only w.e.f. 01.04.2018

42. Banks can restructure the accounts that fall in (A.) Standard category (B.) Substandard category (C.) Doubtful category) (D.) Loss category.

a.  A to D. All

b.  A to C. Only

c.   B. , C. And D. Only

d.  a , C. And D. Only

43. Domestic Banks having shortfall in lending to priority sector lending target (40 per cent of ANBC or credit equivalent amount of Off-Balance Sheet Exposure, whichever is higher) and / or agriculture lending target (18 per cent of ANBC or credit equivalent amount of Off-Balance Sheet Exposure, whichever is higher) and / or weaker sections lending target (10 per cent of ANBC or credit equivalent amount of Off-Balance Sheet Exposures, whichever is higher) and/or 7.5 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher are required to contribute the shortfall to

a.  NABARD

b.  RIDF or Funds with other Financial Institutions, as specified by the Reserve Bank

c.   SIDBI in micro, small and medium enterprise’ refinance fund

d.  RBI

44. Banks issue demand drafts valid for 3 months as per

a.  Requirement of Section 138 of Negotiable Instrument Act

b.  Requirement of RBI guidelines on customer service

c.   As per provisions of Banking Regulation Act

d.  As per practice and usage

45. Before migrating to new capital adequacy frameworks, the banks are required to submit parallel run reports to their respective Boards, every ____ with A. Copy to RBI to be sent within one month

a.  Month

b.  Quarter

c.   Half-year

d.  Year

46. PGEMP Beneficiaries will be identified by the Distt. Task force consisting of representatives from

a.  Banks, DIC, State Govt

b.  DIC, KVIC, Central Govt.

c.   RBI, Banks, KVIC

d.  KVIC/State KVIB, Banks, DIC

47. Beneficiary’s contribution (i.e. Margin) in PMEGP is ___ as percentage of project cost

a.  10% by general category and special category persons

b.  5% by general category and special category persons

c.   10% by general category and 5% by special category persons

d.  5% by general category and 5% by special category persons

48. BIFR pending cases are eligible for restructuring under CDR with the permission of

a.  boards of concerned banks

b.  sanctioning authority of the concerned banks

c.   core group of CDR

d.  empowered group of CDR

49. The CDR Empowered Group shall decide on the acceptable viability benchmark levels on which of the following illustrative parameters

a.  Return on Capital Employed (ROCE)

b.  Debt Service Coverage Ratio (DSCR)

c.   Gap between the Internal Rate of Return (IRR) and the Cost of Fund (CoF) and Extent of sacrifice

d.  All of these

50. Cash transaction report of value ₹ 10.00 Lakh and above or its equivalent in Foreign Currency is part of ____ and is submitted monthly within ____ days of close of the month

a.  Ombudsman scheme, 30 days

b.  Money Laundering, 25 days

c.   PMLA, 15 days

d.  KYC, 7 days

51. Category 1 AD banks can write off the unrealized amount of exports where

a.  the relevant amount was outstanding for 2 years and more and amount of write-off does not exceed 10% of total export proceeds realized during the financial year.

b.  the relevant amount was outstanding for six months and more and amount of write-off does not exceed 10% of total export proceeds realized during the financial year.

c.   the relevant amount was outstanding for six months and more and amount of write-off does not exceed 5% of total export proceeds realized during the financial year.

d.  the relevant amount was outstanding for one year and more and amount of write-off does not exceed 10% of total export proceeds realized during the financial year.

52. CDR empowered group comprises of Executive Director level officials of (A.) IDBI Bank (B.) SBI (C.) ICICI Bank (D.) Banks having exposure in the account

a.  A to C only

b.  A to D all

c.   B. C. And D. Only

d.  a , C. And D. Only

53. CDR for SME covers the loan accounts which have

a.  Fund based exposure up to ₹10 cr

b.  Outstanding fund and non-fund exposure of ₹10 cr and above

c.   Outstanding fund and non-fund exposure up to ₹10 cr

d.  Outstanding fund exposure of ₹10 cr and above

54. CDR is available for (A.) Industrial units (B.) Non-industrial units (C.) Trading units.

a.  A only

b.  A and B only

c.   A and C only

d.  Any of the activities

55. CDR mechanism is applicable for (A.) All borrowers engaged in any type of activity (B.) The borrowers enjoy credit facilities from more than one bank/FI under multiple banking / syndication / consortium system of lending (C.) The total outstanding (fund-based and nonfund based) exposure is ₹10 crore or above.

a.  A to C

b.  B. And C.

c.   A and B

d.  C only

56. CDR standing forum comprises Chairman and Managing Director of (A.) IDBI Bank Ltd (B.) SBI (C.) ICICI Bank (D.) All permanent member banks

a.  A to C. Only

b.  A to D. All

c.   B. , C. And D. Only

d.  a , C. And D. Only

57. Ceiling imposed by RBI on inter-bank call money market for lending on fortnightly average basis, is restricted to

a.  25% of the net worth of the bank of previous year.

b.  25% of the deposits of the bank

c.   25% of the capital funds

d.  25% of the total inter-bank liabilities

58. CGTMSE cover of 85% is available for which of the following group

a.  Women and SC

b.  SC/ST and NE Region borrower

c.   Loans up to ₹5Lakh and ST

d.  Loans up to ₹5Lakh to micro enterprises and NE Region

59. Concessional rate of interest is available on pre-shipment credit for a maximum period of ___

a.  3 months

b.  180 days

c.   360 days

d.  at discretion of the bank allowing preshipment credit

60. Concessional rate of interest on post-shipment credit can be allowed by banks up to provided such remittances are received within180 days after expiry of NTP in case of demand bills and due date in case of usance bills:

a.  90 days

b.  180 days

c.   270 days

d.  360 days

61. Concessional rate of interest on duty draw back advance is available the banks up to a maximum period of

a.  30 days

b.  45 days

c.   90 days

d.  180 days

62. Concessional rate of interest under gold card scheme, is available up to

a.  90 days

b.  182 days

c.   365 days

d.  none of the above

63. Directions for a regulated interest rate are issued by RBI under section ____ of _____ Act

a.  Section 12 & 27 of Banking Regulation Act

b.  Section 16 & 45(B.) Of Reserve Bank of India Act

c.   Section 21 (D.) Of RBI Act

d.  Section 21 & 35-A. Of Banking Regulation Act

64. Documents can be sent by the exporter direct to the consignee where

a.  These are accompanied by a declaration by exporter that they are not more than ₹25000 and not declared on export declaration forms

b.  100% advance payment has been received

c.   These are SEZ units or Status holders and they have submitted GR form within 21 days from date of export

d.  All the above

65. Duplicate copy of GR form is required to be submitted by the exporter to the AD within a period of ___

a.  7 days from date of export

b.  10 days from date of export

c.   15 days from date of export

d.  21 days from date of export

66. ECB funds raised by an Indian company can be parked outside India temporarily with (A.) Deposits or certificate of deposit offered by banks rated not less than AA (-) by Standard and Poor / Fitch IBCA or Aa3 by Moody’s; (B.) Deposits with overseas branch of an AD bank in India; and (C.) Treasury bills and other monetary instruments of one year maturity.

a.  A and B. Only

b.  B. And C. Only

c.   A and C. Only

d.  A to C. All

67. Euro is the currency of

a.  European countries

b.  England

c.   USA

d.  Euro Zone

68. Exchange earners can open a bank account with an AD subject to the condition that (A.) 100% of export earning can be kept in this account (B.) Account can be maintained as a non-interest

  bearing current account (C.) No credit facility can be allowed against the deposit lying in such account (D.) A term deposit up to US USD one million can be opened for any period.

a.  A and B.

b.  A to D.

c.   B. And C.

d.  A to C.

69. Export contracts can be denominated in (A.) Freely convertible currencies (B.) Indian rupees (C.) Any currencies

a.  A and B. Only

b.  A and C. Only

c.   B. And C. Only

d.  A to C. All

70. Export credit refinance available from RBI is ___% of eligible export credit outstanding as at end of 2nd preceding fortnight

a.  10%

b.  32%

c.   50%

d.  15%

(Note: Reduced from 50% to 32% w.e.f. 14^th June 2014 and 15% w.e.f 10^th Oct 2014)

71. Export of goods or software can be made by an export with simple declaration that the value of export is not more than

a.  USD.25000

b.  USD 25000

c.   ₹500000

d.  USD 100000

72. Export of goods or software can be made by way of gift by an export with simple declaration that the value of export is not more than

a.  ₹250000

b.  USD 25000

c.   ₹500000

d.  USD 100000

73. Export proceeds can be received in India through an AD by way of:

a.  Bank drafts, pay orders, banker’s cheque or personal cheque

b.  Foreign currency notes or traveller’s cheque from buyer during visit in India

c.   Payment out of FCNR/NRE account held by the buyer or international credit card of the buyer

d.  All of the above

74. Exporters can be allowed to open warehouse abroad subject to the condition that (A.) Export outstanding does not exceed 5% of the exports made in the previous Financial year (B.) Minimum export turnover is USD 100000 (0.10 million) (C.) All transactions are routed through the designate branch of AD (D.) Period of realization is applicable

a.  A to D. are correct

b.  A to C. Only are correct

c.   a , B. And D. Only are correct

d.  A and B. Only are correct

75. Exporters can receive advance payments against exports subject to the condition that (A.) Shipment is made within one year from date of receipt of advance (B.) Interest does not exceed LIBOR+100 basis points (C.) Documents are routed through an AD through whom the remittance has been received (D.) If no export is made, the advance be refunded without RBI?S approval.

a.  A to D. Are correct

b.  A to C. Are correct

c.   a , B. And D. Are correct

d.  A and B. Only are correct

76. Extent of refinance available against Pre-shipment export credit in foreign currency from RBI is restricted to ___ export credit outstanding on 2nd preceding fortnight

a.  100%

b.  50%

c.   15%

d.  Not available

77. Firms and companies dealing with rough or cut diamond or polished diamonds / diamond studded jewellery can transact Diamond dollar account subject to the condition that (A.) They have go

good track record of 5 years in export / import of diamonds (B.) Their annual average turnover of last 3 licensing years is ₹5 cr or more (C.) They can have maximum 5 such accounts.

a.  A and B. Only

b.  A and C. Only

c.   B. And C. Only

d.  A to C. All

78. For a normal export credit proposal, the application would be disposed within (which is not true)

a.  Fresh request - 45 days

b.  Renewal - 30 days

c.   Adhoc - 10 days

d.  None of the above

79. For a normal exporter, the interest rate on ad hoc export credit will be charged

a.  0.5% extra

b.  1% additional

c.   2% additional

d.  no additional interest

80. For a Small enterprise engaged in services, the minimum investment in plant and machinery can be

a.  Above ₹25Lakh

b.  ₹25Lakh

c.   Above ₹10Lakh

d.  ₹10Lakh

81. For advance remittance for all admissible current account transactions for import of services without bank guarantee, the limit is USD ______ or its equivalent.

a.  100000

b.  200000

c.   300000

d.  500000

82. For capital adequacy purpose, the risk weight for commercial real estate is

a.  75%

b.  100%

c.   125%

d.  150%

83. For capital adequacy purpose, the risk weight for un-rated claims on corporates is

a.  75%

b.  100%

c.   125%

d.  150%

84. For filing complaint before Ombudsman, which of the following is correct

a.  Complaint can be filed if the bank has given reply after one month and customer is satisfied

b.  Complaint can be filed if the bank has not replied for 15 days

c.   Complaint can be filed within 1 years if bank has not given reply for one month

d.  None of the above is correct

85. For formulation of policies for customers and to ensure their compliance, which among the following has the obligation

a.  Customer Service Committee of Directors

b.  Customer Service Committee of Board

c.   Customer Service Committee of Top Management of the bank

d.  Customer Service Committee of ED and General Managers

86. For opening or operations in the accounts of mentally retarded persons or person with similar disorder, the banks can allow a guardian appointed

a.  By family members of the person

b.  By the Distt. Court

c.   By local level committee set up under national trust for the welfare of persons with autism, cerebral palsy, mental retardation and multiple disabilities act, 1999.

d.  B. or c. Both

87. For pre-shipment export credit in foreign currency the maximum rate of interest is ____% over LIBOR

a.  0.5%

b.  0.75%

c.   1.0%

d.  1.25%

88. For proper availability of information to customers, the bank branches are to display the information on a Comprehensive Notice Board which contains information grouped into

a.  2 categories i.e. Customer service information and service charges

b.  3 categories i.e. Customer service information, grievances redressal and service charges

c.   4 categories i.e. Customer service information, service charges, grievances redressal and others

d.  at the discretion of the bank.

89. For registration within prescribed time of ___ days, it can do so with permission of ROC during next ___ days as per Companies Act 2013.

a.  30 days, 60 days

b.  30 days, 300 days

c.   30 days, 270 days

d.  60 days, 30 days

90. For the purpose of derivatives, which of the following is not an underlying asset

a.  Balance in the saving bank account

b.  Stock market index

c.   Foreign exchange spot rate

d.  Commodity market index

91. For the purpose of ECB for Infrastructure sector, the term infrastructure include (i) power and telecommunication, (ii) railways and road including bridges, (iii) sea port and airport (iv) industrial parks and urban infrastructure (water supply, sanitation and sewage projects) (v) mining, exploration and refining.

a.  i to v all

b.  i, ii, iv only

c.   ii, iii, v only

d.  i, iii, iv, v92. For the purpose of this scheme the rural areas is an area (A.) Classified as village in revenue records (B.) Declared by RBI (C.) A town even, if population does not exceed 10000.

a.  A to C. All correct

b.  A and B. Only correct

c.   A and C. Only correct

d.  B. And C. Only correct

93. Foreign currency exchangeable bonds are exchanged with

a.  The equity shares of the same company only

b.  The equity shares of the same company or group company only

c.   The equity shares of the group company only

d.  The equity shares of the any company

94. Foreign currency exchangeable bonds can be denominated in

a.  Indian Rupees

b.  US USD only

c.   US USD, Pound Sterling and Euro only

d.  Any freely convertible foreign currency

95. GR or SDF form is submitted by the exporter to

a.  AD

b.  RBI

c.   DGFT

d.  Commissioner of Customs

96. How many above poverty line members can be there in a self-help group in SGSY in normal circumstances

a.  10%

b.  20%

c.   30%

d.  such group is meant for below poverty line persons only

97. HUF cannot be a partner in a partnership firm as per Supreme Court Judgments. The judgments in based on the premise that

a.  HUF is a legal person with Karta as its head, but other coparceners are not liable

b.  HUF is not a body corporate and cannot enter into such agreement that makes it liable for the action of others.

c.   HUF is not competent to enter into any contract with outsiders and make it liable for the actions of others

d.  HUF cannot enter into any contract with outsiders

98. If a customer is enjoying loan facilities from other bank and requests a bank to open a current account

a.  Account will not be opened

b.  Account can be opened after obtaining no-objection from the lending bank

c.   Account can be opened without no objection when response is not received from the lending bank for a fortnight

d.  Any of the above

99. If banks want to levy a minimum balance condition for a deposit, it should be informed to the customer

a.  within one week of the levy of such charges

b.  within one month of levy of such charges

c.   one month before levy of such charges

d.  discretion of the bank

100. If cheque for collection lodged by a customer is received back unpaid, it is to be returned /dispatched to the customer by the collecting bank

a.  Within one week

b.  Within 3 days

c.   Within 24 hours

d.  Same day