JAIIB LEGAL RECOLLECTED:: Most important Previous years questions

1. Section on which partners are defined
2. Tenure of director of banking company
3. Preservation of records
4. Maximum share in company related one question
5. Question to the condition on which depositor has to deposit-25% amount
6. Who has power to inspect bank-rbi officer, state officer,police officer, custom officer
7. Bfs-one director nominated by
8. Central government power in banking
9. Term loan given and default occurs-limitation period-3 years
10. A issued a check with amount 300 and left space in both side i.e. in words as well as
figure. Some employee forged it to 3300 unknowingly and sign style was little different
but it was cleared-who should be responsible
11. Question related to responsibility of collecting banker
12. A cheque is a drawn on some bank what collecting bank should do
13. Check crossing related one question
14. Liability of paying banker
15. There is one partnership firm ABC. With operation E/S upto the limit of 5000. A
draws cheque to B for 4553. B transfers it to his account…then who is liable wand what
is the role of bank here
16. A minor shares profit of the firm does he will be have liability with the firm if
something went wrong
17. An OD facility is given the customer he but he has drawn beyond his limits and also
many cheques have been returned-what a bank should do?
18. To which type of company there is restriction on transfer of share-private company
19. Main objective and other objective are mentioned in-MOA
20. Question based on types non fund based credit facility21. No of parties in indeminity-2
22. A lost FD and asking bank to reissue duplicate bank issues it- what is the role of A
here?-indemnifier
23. Right of indemnity holder related one question
24. Types of bank guarantee based one question
25. Liability of a bank to honor BG
26. What does negotiating bank does?
27. Question related to with recourse and without recourse lc
28. DPG-deffered payment guarantee based question
29. One case study was given with relation to simple mortgage and equitable mortgageratio
of share on default was asked
30. Types of mortgage with examples, gold loan, car lone, home loan, lic policy arrange
it
31. What is fixed charge
32. Registration of charge-central registry
33. Banking ombudsman:
a. Matters where complain ts can be made
b. If not satisfied with BO then to whom w e should approach
34. Effects of non-registered company
35. DRT AND DRAT based question:
a. who is higher authority of drat
b. power to modify drt-central go vt
c. case related where only it can be handled by DRT
d. Property is somewhere loan is taken from another place where drt has to be
approached?
36. SARFAESI ACT based question:
a. Validity
b. Security interest
c. Security receipts
d. Cancellation of re gistration of SRC
e. Powers and its applicability , enfor cement of security interest
37. A guarantees OD for his son that it will be paid- which type of financing it is?
38. Bankers book evidence-prima facie related question
39. Consumer complaints
40. Who is the head of state consumer protection council-minister in charge of the
consumer affair?
41. Question related to tds and TAN NUMBER
42. CONDITION of contract
43. Liability of surety
44. Bailment of goods
45. Right of unpaid seller
46. Rti applicability area
47. Supply bills related 2-3 questions
a. It is related to whom
b. To whom it should be financed- 2 marks
48. Hypothication
49. Pledge
50. Mortgage
51. Charge
52. Contract of sale
53. Minor account
54. Question from FEMA
55. Reverse mortgage
56. Fees of RTI
57. Term of director of bank
58. Who is regulatory authority of DRT
59. Security receipt
60. Floating charges/Fixed charge

1. Members of public and private company - Public - Min-7, Max-No Restriction. Private -
Min-2, Max-200
2. No. Of directors in public and private company - Public - 3 to 15, Private - 2 to 15
3. Interest payable by RBI on CRR - 0 %
4. Pledge hypothetican
5. What is equitabe mortgage
6. NI Act
7. RTI
8. Questions based on limitation period
9. Diff b/w partenership and company
10. Questions on mortgage and cheque
11. Heads of object of memorandum of association
12. Related equitable mortgage
13. BR act
14. Partnership accounts
15. Person appeal to drt after receiving reply from sc with in period of
16. payment and settlement system regulated by
17. About mortgage types 4 questions
18. FEMA deals with transactions of
19. Bailment & pleadge
20. Equitable morgatge
21. Lc
22. Deferred payment guarantee
23. Limitation
24. In how many days TDS file to gov
25. For cancel of lease or rent how many month notice?

1. Section 131
2. Actionable claim
3. Which one is NI
4. Equitable mortgage
5. Mortgage deed is necessary foe which mortgage
6. Which LC is called anticipatory credit
7. Members and directors of pvt and public company (2questions)
8. Which is not a company classified under liability category
9. With what memo a cheque should be returned if collected by one bank and presented
by other bank
10. When a partnership will dissolve
11. Demand notice period under SARFAESI-ACT
12. DRT is applicable for : SBI, nationalised, RRB, all
13. DRT
14. Bank Guarantees
15. Many questions on mortgages
16. Income tax act
17. Preference shares
18. LC
19. Bill of exchange
20. Agreement
21. Hypothecation
1. Clatons rule
2. Minimum directors-3&2
3 Around 8 qtns from mortgage. like english, equitable, act for mortgage etc.
4. 4 qtns from MOA & AOA of company
5. Doctine of constructive
6. Diff. partnership and company
7. Indemnity-loss of fdr
8. Hypothication
9. Ddiff. pledge and lien
10. Consumer complaint act-complainant
11. Credit card award-1 lakh
12. Common seal
13. Green letter of credit
14. Negotiating bank
15. Surity is -secondary
16. Deffered guaranty
17. DRAT head post
18. Chq alteration not visible to naked eyes bank not liable
19. SARFAESI Act apeal to drt in how many days 45
20. LC credit related question credit allow something like that ans green lc
21. BO related complain how many days to dispose by BO.
22. RTI how many days to required by the PIO to settle the information.
23. Not registerd partnership firm related question can sue or not.
24. Min No of director in public and private
25. Arbitrage

Under which section of income tax donations come? - 80G of the Income Tax Act
Min and max no of member in private companies - 2 & 200
No. of members in public limited co (Min & Max) - 7 & unlimited
Banking ombudsman applicable - in whole india
Indemnity which type of liability? - Contingent.
Who can rectify the clerical or arithmetical errors in order passed by DRT? - Presiding
officer
Which income doesn't come under service tax? - Interest income
Within how many days can a consumer file complaint if he is not satisfied with the
service? - 30 Days
Which is the negotiating bank in case of LC? - Exportrs country bank
Relationship between bank n customer in case of pledge - pawnor-pawnee'
Debt recovery tribunal established by - Government of India under an Act of Parliament
(Act 51 of 1993)
How many types of LC ? - 8
Jurisdiction of appellate tribunal - The Central Government is also empowered to decide
and specify the areas within which the tribunal may exercise jurisdiction for entertaining
and deciding the applications filed before it.
DRT applicable - Above 10 Lakhs
DRT is controlled by - Recovery of Debts Due to Banks and Financial Institutions Act
(RDDBFI Act), 1993
RTI is not applicable to - J&K
UCPDC 600 is in respect of - Letters of credit
Pay as you earn is a...... tax - is a withholding tax on income payments to employees
20% profits should maintain with rbi - NBFC
NI act application - Whole India
Cersai time limit - within 30 days of creation of mortgage
Bills payable on demand are - paid when the payee asks for it.
Term of every member in national commission - 5 years or up to the age of seventy
years, which ever is earlie

A securitization company carries out the function of - Acquisition of financial asset from
the originator
Limitation period of for takng immovable property under sarfaesi? - 12 Years
Amount of TDS should be submitted before how many days? - 7th of the next month
Number of directors of private company? - 2 to 15 (Min & Max)
Casual vacancies of directors can be filled by? - the Board of Directors at a meeting of
the Board
Collecting bank will get safety under NI act for what - Forged sign of endroser
Which is not consider as NI - Share
Tax dedcuted from salary has to be payed as on - Monthly basis
Limitation perod for foreclosure is - 30 Years
Llimitation perod for possession of immovable property is - 12 years
Banking regulation act 1949 - Regulates banking

Banking ombudsman 4 questions
DRT appllete is headed by ........appointed by central govt.
LC 3 questions case study 1
Advising banking is called......
Whether advising bank is to take part in liability of LC
Macmillan book back questions 5-6 - Average 3-5 questions coming
Key used to create digital signature.....Private key
RTI Act .....Getting info from.....Public authorities
Exemption of RTI Act
Bankers book evidence 2 questions one from Macmillan book
How much we have to pay to get copy from the abovesaid paper n copies...
Sarfaesi 3-4 questions out of one case study....
What type of charge in case of goods under manufacturing.....
Under pledge unlike mortgage....Some differences were given in the options
N deposit in bank Z with branch manager C .L is the introducer of N.N got LOD from
that bank.Who has lended to whom?
R has shares in limited company.R dies what will happen to shares.....?
In case of safe deposit vault, customer is called as....
X a customer lost the TDR and bank gave duplicate receipt receiving indemnity from
X.Here who is indemnified to whom?
Parties in a contract......
Bank guarantee 2 questions...

What is reverse mortgage
Tenure of banking ombudsman
Fee require for RTI
Mode of accepting complain by banking ombudsman
One question on arranging orders for different type of mortgage
One question on arranging orders for different type of charges
Limitations period will be extended,-on credits to ac
Material alteration of cheque without authentiaction of bearer
Bank buy a cheque from A and give advance but cheque got returned-from whom bank
will recover
A presented a cheque for clearing and went abroad, cheque got returned for financial
reason after I year. A returned and found no credit in his account and bank lost the
cheque- responsibility of bank and customer
Lmitaton period of of account
Lok adalat is conducted by....

No. of max members in pvt company - 200
........................................
Pawnor pawnee
The bailment of goods as security for payment of a debt or performance of a promise is
called "pledge". The bailor is in this case called the "pawnor". The bailee is called the
"pawnee".
............... .........................
Min deposit to appeal to DRAT - 50000
........................................
Min and max directors in public limited co -
........................................
Complaints can lodge to banking ombudsman through - Authorised Representative
........................................
Safe custody of articles.. Bailment
........................................
Clubs n societies r registered under - either under the Companies Act, 1956 or under the
Societies Registration Act or the Co-operative Societies Act
........................................
Sale notice period ie. 30 days
........................................
Authorized officer of public sector bank min designation.. Chief manager
........................................
Jurisdiction of filing suit - at place of mortgaged property situated
1.Deffered credit
2.minimum and maximum members in private company..
3.accalaration.
4.equity mortgage..
5.demand biill also called as sight bill.
6.presiding officer tunere...
7.relationship in safe locker ..bank customer.
8.relatioanaship in loan on FD..
9.pladge..
10..origanater.
11.about drt
12.3days for book evidence..
Under how many phases is cases of sarfaesi settled under civil courts?
EM is required to be done in specified town of property
Payment to minor
Right of member in a company
Fund based non fund based
Metropolitan Magistrate
Endorsement in cheque
Advantages of corporate form of enterprises
To whom the assignment notice send in case of loan taking against insurance policy
Lok adalat max compensation?
Banking ombudsman
Title deed not required to be deposited in whch type of mortgage?
Mortgage-transfer of property act
Sale of goods act

partnership
Huf law
Safe deposit locker
FEMA
3 - 4 case studies on protection to collecting banker and paying banker
Appointment of banking ombudsman , regulation of tenure of banking ombudsman
Minimum and maximum number of members in private company
2-3 questions from MoA and AoA
Object is described in MOA /AOA
Difference between partnership and company..
If a director in company wants get member of another company what needs to effect in
both companies article of Asso.
For how many years a banking company use non banking assets- 10, 11,12 or 15 years
Mutual fund transaction which kind of account in dealing foreign transaction.
RTI act not applicable which of the following
Renounce sport board
Cabinet ministry
AD bills
Floating charge
Fixed change
If a customer deposit an order cheque to A bank and A bank put a collection stamp on it
but customer take the cheque and deposit to B bank but B bank return the cheque.What
The B bank site the return reason
National commission tenure
What is the conversion?
HUF created by
Who pays money to beneficiary in LC
Appeal days in DRT
............................. ...........

E filing system in charge registration
........................................
Contract two to three questions
........................................
SARFAESI act applicability
...................................... ..
DRT Applicability
......................... ...............
Banking omb
..................... ...................
According to tax lawas income definition
........................................
Major powers of RBI
.............................. ..........
Rti act
........... .............................
Law of limited for foreclosure of mortgage
........................................
What is called judgment of Banking ombdsuman is.Award
........................................
Indemnity
security or protection against a loss or other financial burden.
security against or exemption from legal responsibility for one's actions.
........................................
Deferred payment guarantees



Jaiib Legal Recollected: 2018 May

Lc se question tha

Lok adalat

Ni

Indemnity

Gurantee

Collecting banker

Awards under banking ombundsman

5 questions from FEMA

Limitations act lot of 2 marks

Bailee bailor pledge mortgage

Mortgage 3-4 question English n equitable

Paid up capital
Securities questions
Saffaesi 2-4 questions
Lok adalat 3 questions
Ultra vires questions

Equity mortgage questions

Collecting bank 2 questions

List of regulators in india

*List of regulators in India*
 
 *1.* RBI – Reserve Bank of India
 Sector: Banking & Finance, Monetary Policy
 *2* . SEBI – Securities and Exchange Board of India
Sector: Securities (Stock) & Capital Market
 *3* . IRDAI – Insurance Regulatory and Development Authority
Sector: Insurance
 *4* . PFRDA – Pension Fund Regulatory & Development Authority
Sector: Pension
 *5* . NABARD – National Bank for Agriculture and Rural Development
Sector: Financing of rural development
 *6* . SIDBI – Small Industries Development Bank of India
Sector: Financing Micro, Small and Medium-Scale Enterprises
 *7* . RBI - Reserve bank of India
Sector: Financing Housing
 *8* . TRAI – Telecom Regulatory Authority of India
Sector: Telecommunication & Tariffs and Cyber-Security
 *9. CBFC* – Central Board of Film Certification
Sector: Film/TV Certification & Censorship
 *10. FSDC* – Financial Stability and Development Council
Sector: Financial Sector Development
 *11. FSSAI* – Food Safety and Standards Authority of India
Sector: Food
 *12. BIS* – Bureau of Indian Standards
Sector: Standards & Certification
 *13. ASCI* – Advertising Standards Council of India
Sector: Advertising
 *14. BCCI* – Board of Control for Cricket in India
Sector: Cricket
 *15. AMFI* – Association of Mutual Funds
Sector: STOCK EXCHANGE
 *16. EEPC* – Engineering Export Promotional Council of India
Sector: Trade and Investment
 *17. EICI* – Express Industry Council of India
Sector: Trade
 *18. FIEO* – Federation of Indian Export Organisation
Sector: Export
 *19. INSA* – Indian National Shipowners’ Association
Sector: Shipping
 *20. ICC* – India Chemical Council
Sector: Manufacturing
 *21. ISSDA* – Indian Stainless Steel Development Association
Sector: Growth and Development
 *22. MAIT* – Manufacturers’ Association for Information Technology
Sector: IT
 *23. NASSCOM* – National Association of Software and Service Companies
Sector: IT
 *24. OPPI* – Organisation of Plastic Processors of India
Sector: Manufacturing
 *25. PEPC* – Project Exports Promotion Council of India
Sector: Trade
 *26. CDSCO* – Central Drugs Standard Control Organisation
Sector: Medical Devices and Drugs
 *27. IBBI* - Insolvency and Bankruptcy Board of India
Sector: Finance

All in one ....Very useful for promotion exams and to enhance knowledge

All in one ....Very useful for promotion exams and to enhance knowledge

1. Under SARFAESI a notice of days is to be given to the borrower in writing to discharge his liability in fulfilling which the secured
creditor shall exercise his rights under Section 13 (4): 60 days
2. Loan up to Rs. for Agro and Food Processing Units
for Priority Sector lending classification: Rs. 100 cr from banking system.
3. In the case of CGTMSE, every amount recovered by the bank and due to be paid to the Trust shall be paid without delay, and if any
amount due to the Trust remains unpaid beyond a period of 30 days from the date on which it was first recovered, interest shall be
payable to the Trust by the lending institution at the rate of: 4% above Bank Rate for the period for which payment remains
outstanding after the expiry of the said period of 30 days.
4. As per KYC norms of RBI, the officially valid documents for limited purpose of small deposit account, the utility bill not older than: 2
months.
5. Under KYC, in case of a body of individual persons, the beneficial owner is a natural person, who, whether acting alone or together, or
through one or more juridical person, exercises control through ownership or who ultimately has a controlling ownership interest of :
15%.
6. Under RBI guidelines, a bank can withdraw cheque book facility to a customer who repeats a bounce offence of cheques of Rs.1 cr
and above each, on more than four times: ( Now Banks to frame its own Board Approved Policy)
7. Under Section 140 of N.I. Act: No excuse is available to the drawer from prosecution if he had no reason to believe when he
issued the cheque that it may be dishonoured on its presentation.
8. Noting is the process when the holder may cause the dishonour to be noted by a notary public when a promissory note or Bill of
exchange (B/E) has been dishonoured by nonacceptance or non-payment. Purpose of noting in case of dishonor of B/E: To create
legal evidence of dishonour.
9. Club's cheque presented while the treasurer (the authorised signatory) has died: The cheque shall be honoured.
10. A and B joint account. C has power of attorney to operate the account. B dies. The cheque signed by C is presented for payment. :
Return the cheque as POA not valid.
11. For the purpose of computing LCR, RBI has decided that in addition, banks will be permitted to reckon as Level 1 HQLAs Government
securities held by them upto another 2 per cent of their NDTL under FALLCR within the mandatory SLR requirement. Hence, the total
carve-out from SLR available to banks would be _____ per cent of their NDTL. The other prescriptions in respect of LCR remain
unchanged: 13
12. RBI has decided to revise the housing loan limits for PSL eligibility from existing Rs.28 lakh to Rs._____ lakh in metropolitan centres (with
population of ten lakh and above), and from existing Rs.20 lakh to Rs.____ lakh in other centres, provided the overall cost of the dwelling
unit in the metropolitan centre and at other centres does not exceed Rs.45 lakh and Rs.30 lakh, respectively: 35; 25
13. Under UCPDC – 600 what is the time period during which Issuing Bank or Nominated Bank can cheque the documents to ensure that
these are as per LC requirement: 5 banking days. * Banker customer relationship in standing instruction: Agent – Principal
14. In Kisan Credit Card Scheme, to calculate the limit for 5 years, the cost escalation is to be built in, for assessing the limit for a
subsequent year at: 10% of previous year limit.
15. The RBI revised guidelines for rehabilitation of MSMEs are applicable for exposure up to Rs. _____: 25 cr.
16. CERSAI defined in which Act: SARFAESI Act.
17. Bullion Dealers in which Risk Category: High.
18. Under PMEGP scheme maximum project cost for service sector: Rs 10 lacs.
19. Risk weight in advances backed by State Guarantee: 20%
20. CRR is defined in which section of RBI Act : Sec 42(1). * Cash payment of Rs. 20,000 & above in case of FDR is restricted under
which Act: Sec 269-T of Income Tax Act. * Protection to Paying bank in case of material alteration in which Section of NI Act:
Sec 89.
21. Protection to Collecting bank is available under which section of NI Act: Sec 131 of N.I. Act.
22. Mutual fund are controlled by which: SEBI.
23. CVV: Customer Verification Value
24. USSD: Unstructured Supplementary Service Data.
25. NUUP: National Unified USSD Platform.
26. IMEI: International Mobile Equipment Identity.
27. NPCI: National Payment Corporation Of India.
28. CVD: Customer Verification Data.

29. Currency of Belgium: Euro.
30. Universal set of standards & guidelines for communication by
31. EDI is called: EDIFACT.
32. Automated Clearing House in Hong Kong is called: CHATS (CHIPS in New York, CHAPS in UK).
33. Stand by L/c is like: Bank Guarantee
34. Duty of confirming bank: Only to verify the genuineness of LC.
35. Max loan amt covered under CGTMSE: Rs 2 cr Fund based+ non fund based.
36. DSCR is for evaluating: Term Loan repayment-surplus generating capacity.
37. Current ratio used for evaluating: Liquidity position
38. Debt securitization company means: conversion of receivables into debt instrument.
39. Min Education qualification for PMEGP: For Mfg upto 10 lac and business/service upto 5 lacs: Nil
40. Variable cost: Which varies with level of production.
41. Break Even Point: No profit no loss. ( TR-TC=Zero)
42. In case of Special crossing, banker get protection under: Section 124 of NI Act
43. Imports regulator: DGFT
44. What is Noting: Getting dishonoured B/E noted from notary. The certificate is called Protest.
45. Current account operated by finance director dies. Cheque signed by him: Will be paid
46. MSME Services loan amount limit: Micro & Small services: Rs. 5 cr; Medium 10 cr.
47. Abbreviation for UCPDC: Uniform Customs & Practices for Documentary Credit.
48. FCNR(B) account type: Term deposit.
49. RTI: Person seeking information need not give reason as to why he is seeking the information.
50. Which is not the function of ALCO: Budget target
51. What is time limitation for decree: 12 years.
52. Time limit to sue incase of cheque return unpaid: One month from the expiry of notice period.
53. Meaning of accrual concept: Mercantile system.
54. Paying bank protection for alteration which Act: Sec 89 of N.I. Act.
55. Collecting bank protection under which Act: Sec 131 of NI Act.
56. What is the extent of imprisonment and monetary penalty for paying Interest and principal of Rs. 20,000/- and above in cash in case of
FDR: Penalty equal to the amount so paid. No imprisonment.
57. What is the maximum punishment when a cheque is dishonored due to the reason ‘insufficient funds under regular proceedings: Upto
2 years imprisonment and/or fine upto twice the amount of cheque.
58. Cash Transaction Report of cash transactions of above Rs. ---- is to be submitted to FIU-ND on monthly cash basis by _______of the
following month: Rs 10 lac; 15th
59. Why Banks are charging interest on monthly basis: To make it compatible with NPA norms.
60. Financial Director Dies - Cheque signed by him presented for payment: Can be paid.
61. A person returning from abroad can retain foreign currency upto what period: 180 days.
62. Normal Transit Period for all bills in foreign currency is ______: 25 days
63. What is the maximum period of Export proceeds realization in normal case: 9 months.
64. Maximum period up to which Exporter is provided advance against Post Shipment Duty Drawback scheme: 90 days.
65. An L/C states that shipment can be done on or about 31 March. What does it means: It can be done during the period of plus / minus
5 calendar days, both start and end dates included.
66. Risk weight in Personal loans / Capital Market exposures: 125%
67. What will the impact when RBI increases Bank Rate
68. : The cost of credit will increase and banks will reduce its borrowings from RBI.
69. What is the maximum limit of investment in Equipment in Micro (Service) enterprises? Rs.10 lacs.
70. Bank has to implement the award given by Ombudsman within _______ after receiving the acceptance from the Customer: One
month.
71. Capital market total exposure is: 40% of net worth of previous year
72. Maximum amount that is permissible under Priority Sector for repair of house in Rural and Semi urban area is ______: Rs 2 lacs.
73. Should part payment of Foreign bill be accepted: Not be accepted
74. Micro, Small and Medium Enterprises is under which Ministry: Ministry of Micro Small & Medium Enterprises.
75. The Prudential Income Recognition norms were implemented in phased manner so that Indian Banks can have: a) Capital adequacy and solvency; b)
Cannot declare excess profit; c) More transparency in published accounts: All
76. Under RTI is it necessary for the person seeking information to give reason as to why he is asking the information: No need to tell the purpose of
seeking information.
77. Cash Flow statement indicates _____: Receipt & Payment of cash in a given period.
78. In DRT what is the cut-off limit : Rs. 20 lakh and above.
79. Is Right of Set -off available on deposits in the name of guarantor: Only if demand has been made and after giving prior notice.
80. In CDR, what is the condition of declaring dividend, profit / loss: No such condition has been prescribed. ( CDR NOW DISPENSED).
81. Under Basel - II, what is the initial approach for Credit risk and Operational risk: Standardized approach, Basic Indicator Approach.
82. What is Capital charge under Basic Indicator Approach of Operational risk: 15% of positive gross income average of last 3 years.
83. What are the factors taken into consideration under Group approach: Commonality of management and control
84. Banks publish Quarterly results as per the guidelines
85. of under Clause _____ of listing agreement: SEBI
- clause 41 of Listing agreement; Corporate Governance

86. In DRI scheme, what the target and sub-targets under Priority Sector: 40% to SC/STs and 2/3rd in rural/semi urban areas.
87. Exporters of good track record are provided continues Packing Credit. It is called _____: Running Packing Credit.
88. To which type of account holders bank do not issue Biometric card: Dormant and inoperative accounts.
89. Under Gold card scheme for Exporters of good track, concessional rate of interest is allowed upto ___: 365 days.
90. At what rate of discount Subordinate debts due within 1 to 2 years is to be taken: 80%
91. Under CGTMSE scheme, who is not eligible for 85% or 80% guarantee cover: SC / STs
92. What is the %age provision in Doubtful assets over 3 years category: Secured: 100%, Unsecured: 100%
93. In the PMEGP scheme, the margin for general category of borrowers is _______ % of Project cost: 10%.
94. Is a Not Negotiable instrument transferable: Yes, it is transferable by way of delivery and endorsement but the title of the transfree
will not be better title than that of transferor.
95. Legal risk is part of: Operational Risk
96. Provision in Standard category assets for direct SME is : 0.25%
97. What is the liability of Introducer in Fraud case: No monetary liability for fraud.
98. Collecting Bank has presented a fake draft in clearing. Who will lodge FIR: Paying Bank.
99. Under Group Exposure norms, how much %age can be allowed by the Banks Board over and above the regulatory guidelines: 5% in
emergent circumstances.
100.The Exporter has submitted the documents for negotiations. What is the time available for Negotiating Bank to scrutinize the
documents received under L/C: 5 banking days following the date of receipt of documents.
101.Farmers who repay short term agricultural loan promptly are eligible for another ____ interest subvention: 3% for short term crop
loan upto Rs. 3 lacs subject to the condition that the effective rate of interest is not less than 4%.
102.The Reserve Bank has allowed banks to participate in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts
(InvITs) within the overall ceiling of _____ of their net worth permitted for direct investments in shares, convertible bonds/
debentures, units of equity-oriented mutual funds and exposures to Venture Capital Funds (VCFs) [both registered and unregistered],
subject to certain conditions: 20%
103.The Reserve Bank has advised banks to make it mandatory for corporate borrowers having aggregate fund-based and non-fund based
exposure of _____and above from any bank, to obtain Legal Entity Identifier (LEI) registration and capture the same in the Central
Repository of Information on Large Credits (CRILC): Rs. 5 crore.
104.Govt. of India has established Central KYC Records Registry (CKYCR) under provisions of which of: Prevention of Money Laundering
Act 2002.
105.For Import of goods from USA, a customer of Kotak Bank enters into a Free on Board (FOB) contract. The cost pertaining to insurance
and freight will be borne by: Importer.
106.40 For opening Demat account: PAN is necessary.
107.ASBA: Application Supported by Blocked Amount – maximum amount that can be blocked per IPO is: Rs. 2 lac.
108.Under SARFAESI Act 2002, the banks give notice for payment of due amount to the borrower / owner of charged assets within _____ days,
otherwise action will be initiated u/s 13(2) of the Act : 60 days
109. When Ombudsman’s award is accepted by the customer, the bank has is to implement the award within: 30 days.
110.Real Time Gross settlement system minimizes which risk: Systemic risk and settlement risk.
111.Loan assets are classified by the banks on the basis of : By status of recovery and security.
112.The minimum & maximum period of Certificate of deposit is : 7 days, 12 months.
113.Banks print cheque books having similar particulars. The format of cheque is prescribed by which Act : It is a practice.
114.Which Crossing takes away the feature of assumption of defective free title available to the transferee : Not negotiable
115.is mandatory for ASBA: Bank account.
116.Which of the following is wrong about RTI Act: Fee to be paid, can be given in physical / e-form, reason to be mentioned*.
117.Bearer cheque modified, while making payment what is the position of bank: Liable if paid, not liable if paid in due course.
118.Collecting Banker protection available under which Section: Sec 131
119.Protection to the Paying Banker for alteration not detectable: Sec 89.
120.RTGS payment under which Act: Payment & Settlement System.
121.Customer has deposited money for specific purpose, what is the bank: Trustee
122.Multiple Banking Arrangement / Consortium to take action under Sarfaesi what percentage of lenders should agree: 60% of the creditors
by value.
123.How does a Business Correspondent function: Biometric machine
124.Charges for delay in NEFT credit: Repo rate +2%
125.Term Deposits: Differential interest rate shall be offered only on bulk deposits: Rs Two crore & above.
126. Penalty to be paid per year for revival of Sukanya Samriddhi Account: Rs. 50 * Life cover under PMJDY for
eligible accounts: Rs.30,000/-
127.Treasury Bills can be issued upto how many days: 364 days.
128.When a person opens various bank accounts and draws amount against clearing, it is known as: Kite fying.
129. 411 Union Territory under B region: Chandigarh
130.EEFC opened by resident with joint name of non-resident, what is operational condition: Former or survivor.
131.Banks can take a decision to go for two way protection to avoid middlemen attack in which of the following: Internet Banking.
132.The revised SME rehabilitation framework is applicable upto how much amount: Rs. 25 crore
133.If BEP is high, it means: Low safety margin.
134.Exposure in SHG / JLG as qualifying assets for an MFI to qualifying for priority sector lending: 85%
135.Limit not renewed / adhoc not cleared, when shall the account become NPA:180 days
136.Which of the following Union Territory is included in a region(official language): Andamans & Nicobar


137.What is the loan limit for Agriculture Infrastructure under Priority Sector: Rs. 100 cr.
138.What is the loan limit for Agriculture Ancillary under Priority Sector: Rs. 100 cr.
139.Foreign DD deposited in NRE account. Which rate will be used for conversion: TT Buying rate.
140.In an E or S account, one person has issued the cheque, the other person has corrected the date and signed. Whether cheque can be
passed: Yes
141.The portal for education loan: Pradhan Mantri Vidya Lakshmi Karyakram.
142.The account of a foreign student before full KYC compliance, the deposit allowed is upto : US $ 1000
143.Weighted average interest charged under Deendayal Aantyodaya Yojana (NRLM): All Commercial Banks (excluding RRBs) will be
subvented to the extent of difference between the Weighted Average Interest Charged and 7% subject to the maximum limit of
5.5%. This subvention will be available to all the Banks on the condition that they make SHG credit available at 7% p.a. in the 278
districts.
144. The Payments Banks and the Small Finance Banks are called Differentiated Banks. Recommended by Committee: Shri Nachiket Mor, (
Comprehensive Financial Services for Small Businesses and Low-Income Households).
145.AD Category – I bank need not follow up submission of
146. evidence of import involving amount of USD or
less provided they are satisfied about the genuineness of the transaction and the bonafides of the remitter: 100,000
147.Current account opening with A, B and C. C is a pardanishin lady and has not given photograph. Which of the following to be done:
Photograph of pardanishin lady is necessary otherwise follow the guidelines on partial/total freezing.
148.Receivable Rs. 20 lacs. Sales Rs. 120 lacs. What is Debtor Collection Period? 2 Months
149.Retention Period for form 15G/ 15H obtained at branches: 7 years.
150.For farm Mechanization for financing of tractor the minimum land holding is : 2.5 acre
151. For filling a complaint under Consumer Forum the limitation
152.period: 2 Years from date of cause of action arises. * The terms used for hiding money to avoid tax is: Money
153.laundering.
154.Which Crossing is not defined in any Act: Account Payee
155.As per RBI guidelines of Dec 2015, target for loans to priority sector for Regional Rural Banks w.e.f 1-1-2016 is : 75% of total
outstanding.
156.A forex bill discounted by the bank was returned back unpaid. The amount will be recovered from the party by using which rate: TT
Selling rate.
157.Clause Bill of Lading indicates: Bill of Lading issued by shipping company indicating defective condition of goods or defective packing.
158.In case of single or Individual borrower, the exposure ceiling as fixed under Group exposure norm is 15% which can be further
enhanced in case of Infrastructure by: 5%
159.Bank paid amount in INR after conversion of USD @ 68.63/68. For US $ 30,000 and with 5 paise per dollar as commission, what
amount will be credited in customers account: Rs.20,57,400/-
160.In case of sole banking arrangement, in how many days from noticing the Early Warning Signal (EWS), the decision to classify an
account as Red Flagged Account (RFA) has to be taken: 1 month.
161.Statutory Liquidity Ratio (SLR) is 19.00% of net demand and time liabilities of banks w.e.f: 13-04-2019.
162. The rate of interest equalisation available on Pre-Shipment Rupee Export Credit and Post-Shipment Rupee Export Credit is:
5% p.a
163.The Balance sheet of M/s Amteck indicates at the beginning of the financial year, the capital of a firm as Rs. 9,80,000. The firm
earned a profit of Rs.2,40,00 and paid tax at 10%. The two partners also withdrew Rs.75,000 each. What is the closing balance in the
Capital account: Rs.10,46,000/-
164.Bearer uncrossed cheque can be paid to whom: To the bearer of the cheque.
165.In PMEGP, what is the income criterion for borrower’s family and borrower’s parents: No criteria.
166.The increasing foreign exchange reserves in India are costly because: Funds are idle and it carries fluctuation risk.
167.Who is appointed to tackle public complaints against the public authorities: Ombudsman.
168.What is NOSTRO: A bank’s account maintained by a bank in India with a bank abroad in foreign currency.
169.On other than a negotiable instrument, what is the time period for payment of stamp duty, if the document is executed outside India:
3 months.
170.FCNR (B) deposit can be accepted by banks in ____ currencies: All convertible currencies.
171.May I help you counter is to be provided by bank branches other than : Small branches
172.A firm is allowed a limit of Rs.1.40 lac at 30% margin. It wants to avail the limit fully. How much will be the value of security : Rs.2
lac.
173.Statutory Liquidity Ratio provisions for banks are as per Section _____ of _____: 24 (2), Banking Regulation Act 1949.
174. An NRI can open a joint account with a resident in case of
175. accounts: Non-resident Ordinary.
176.The minimum capital adequacy ratio (CAR) implemented in India by RBI is ____ % and as per Basel recommendations it
177.is % : 9%, 8%
178.What type of charge is applicable on loan against term deposits in a bank: Assignment.
179.Garnishee Order is not applicable on: Un-used cash credit or overdraft limit.
180.Islamic banking has the features of: Conservative Banking.
181.When rate of interest is expressed by adjusting the impact of inflation, this is called _____ : Real rate of Interest.
182.RBI keeps on changing repo / reverse repo rate / CRR with the objective of: Regulation of liquidity to control inflation.
183.What is the periodicity for submission of R-Returns to RBI : Fortnightly
184.The facility of nomination is not available to Trust account because it is _____ account: Non-individua

185.Banks are required to make provision on Standard Assets at the rate of 0.25% on ______ & ______ accounts: Direct agriculture, SME
and CRE-RH.
186.A person wants to open an account which his wife should be able to operate only after his death. What type of account he should
open: Former or survivor.
187.In B region, the reply to letters in Hindi is to be given to the extent of ____ %: 100%
188.Within Priority Sector target of 40% of ANBC or CEOBE, whichever is higher, the sub-target for Weaker section is: 10%
189.Apiculture relates to : Bee-keeping
190.In case of a jointly operated joint account, the nominee can obtain payment when : None of the account holder is alive.
191.Call money deposit is part of the ______ sector: Organised sector.
192.The long term liability to tangible net worth ratio implies : Long term solvency of the firm or capacity of the firm to pay long term debt
– Total indebtedness ratio.
193.Current ratio implies: Capacity of the firm to pay current liabilities out of current assets.
194.Working capital requirement of a firm is required to be met through: Short term sources and surplus of long term sources over long
term uses.
195.Who cannot become a partner in an LLP firm: HUF & Minor.
196.What is the maximum period for which an account classified as sub-standard, can remain: 12 months.
197.A company wants to electronically pay the dividend to large number of its shareholders, which include small amounts also: Electronic
Clearing Services – Credit (ECS-Credit).
198.A cheque is written in different hand-writings and different inks: It will be paid.
199.Opening of Non-resident accounts by _____ has been allowed by RBI : RRBs.
200.Bailment of goods by a person to another person, to secure a loan is called : Pledge.
201.When mortgage is created by a person by deposit of title deed orally, it is called ____ mortgage: Equitable mortgage.
202.Which crossing is not a general crossing: When name of bank is written within or without parallel lines.
203.‘Buy now and Pay later’ is the facility available under : Credit card
204.A financial statement that provides information regarding where the funds have come and where these have been used over a period
of time is called: Funds flow statement.
205.Who can open NRE account : NRI
206.A mandate holder for a current account has died and a cheque signed by him is presented for payment after his death: The cheque
shall be paid.
207.The true owner of a cheque has been deprived his right by collection of the cheque for a different person. This is called: Conversion.
208.A bank branch receives a counterfeit note of Rs.500, which customer wants back. What the bank should do: To be impounded and
not to be returned under any circumstances.
209.For FCNR (B) deposits, the exchange risk is born by: Bank.

211. CUT OFF LIMIT FOR FOLLOW UP / REVIEW / MONITORING MARKED FOR RECOVERY :- NPA AC WITH LIAB UP TO
RS. 10 LAKH FOR RO , ABOVE RS. 10 LAKH FOR CO, ABOVE RS. 1 CR FOR HO.
212. RTGS CHARGES :- FROM RS. 2 LAKH TO RS. 5 LAKH TIMING 8 AM –11AM :- NIL , 11AM –01PM :-RS.27, 1PM --4.30PM :-RS.
30,
213. NEFT CHARGES :--UP TO RS. 100000 :- NIL , FROM RS. 1 LAKH TO RS. 2 LAKH:-RS. 15, ABIOVE RS. 2 LAKH :- RS. 25 , 8 TO 7
PM TOTAL 23 SETTLEMENTS, FOR DELAYED CREDIT PAY INT AT RBI LAF REPO + 2%.
214. ATM FAILED TRANS CLAIM FROM OTHER BANKS RESOLVE IN 4 DAYS , ATM 50 NOT ALLOWED BEYOND 120 DAYS
FROM THE ACTUAL TRANSACTION DATE .

216. SCA / SDL :- SAFE CUSTODY ARTICALS / SAFE DEPOSIT LOCKERS :-- INDIAN CONTRACT ACT.
217. BANKERS LIEN / SECRECY OF ACCOUNT :--IMPLIED PLEDGE.
218. CONTRACT OF INSURANCE :--INDEMNITY CONTRACT
219. MORTGAGE :--TRANSFER OF PROPERTY ACT
220. CARE :--CREDIT ANALYSIS AND RESEARCH LTD .
221. NOMINEE :--TRUSTEE OF LEGASL HEIRS.
222. FCNR :--MAX FOR 5 YRS CAN OPEN
223. CUSTOMER MEET :--CONDUCTED IN 15 OF EVERY MONTH.
224. RIGHT OF SUBROGATION :--GUARANTOR CLEARS THE LIAB OF PRINCIPAL BORROWER .
225. EMPLOYEES SHOULD AWAY FROM DESK :--MIN 10 DAYS.
226. AGRI CLINIC / AGRI BUSINESS :--NO MARGIN / SEC UP TO RS. 5 LAC.
227. BREAK EVEN POINT :-- NO PROFIT / LOSS
228. SMERA :--SMALL AND MEDIUM ENT RATING AGENCY SET UP BY SIDBI.
229. REPO RATE :--MONEY MKT INSTRUMENT.
230. CRISIL :--CREDIT RATING INFORMATION SERVICES OF INDIA LTD.
231. WHITE LABEL ATM :--MIN NET WORTH OF CO. RS. 100 CR.
232. CREDIT RATING AGENCY :--REGULATED BY SEBI .
233. ASBA (APPLICATION SUPPORTED BY BLOCKED AMOUNT ) :--MAX AMNT CAN BE BLOCK RS. 2 LAKH.
234. SELLING THIRD PART PRODUCT S :--OPERATIONAL RISK .
235. EXCESS LIQUIDITY IN SYSTEM :-- CALLED INFLATION

236. SABBATICAL LEAVE CAN TAKE FOR MAX 2 YRS.
237. RTGS RISK :-- CALLED SYSTEMATIC AND SETTLEMENT RISK.
238. FIRE AUDIT OF CURRENCY CHEST :--ONCE IN 2 YRS .
239. RATINGS FOR BANKS :--PADMANABHAN COMMITTEE, CAMEL :--CAPITAL ADEQUACY, ASSET QUALITY, MANAGEMENT
, EARNINGS PERFORMANCE , LIQUIDITY, SYSTEMS AND CONTROLS.
240. RTI :--RIGHT TO INFORMATION ACT :-REPLY IN 30 DAYS , PENALTY OF RS. 250 PER DAY , MAX RS. 25000, PRESERVE
RECORD 5 TO 8 YRS.
241. IBC 2016 :--INSOLVENCY AND BANKRUPTCY CODE 12016.
242. FRAUD :-- OPERATIONAL RISK.
243. SCSS :--SENIOR CITIZEN SAVINGS SCHEME :--FOR MAX 5 YRS, CAN EXTEND UP TO 3 YRS, INT COMPOUNDED QRTLY,
MIN RS. 1000 MAX RS. 15 LAKH, AGE 60 , PREMATURE CLOSURE PERMITTED AFTER ONE YEAR WITH PENALTY.
244. MMID ( MOBILE MONEY INDENTIFIER ) ALWAYS :--7 DIGIT.
245. ANY EMV CHIP CARD :--VALIDITY 5 YRS .
246. CPGRS :--CANARA PUBLIC GREIVENCES REDRESSAL SYSTEM :--BY DAMODARAN COMMITTEE.
,
248. IBBI :--INSOLVENCY AND BANKRUPTCY BOARD OF INDIA .
249. UDYAMI MITRA PORTAL :- FOR STAND UP INDIA MANTAINED BY SIDBI.

251. NEW FUNCTIONALITY NOW AVAILABLE IN NET BANKING :--TEMPORARY BLOCK / UNBLOCK ATM CARD , SET LIMIT
FOR ATM / POS TRANSACTION, INSTANT PIN GENERATION , HOT LISTING OF DEBIT CARD.
252. PMJDY OVERDRAFT :--PRIME MINISTER JAN DHAN YOJANA :- MAX RS. 10000 OR 4 TIMES OF AVERAGE MONTHLY BAL
OR 50 % OF CREDIT IN LAST 6 MONTHS WHICHEVER IS LOWER , AGE LIMIT 18 TO 65, SATISFACTORY DEALINGS FOR THE
LAST 6 MONTHS, NOT ELIGIBLE :-MINOR / KCC / GCC/ MORE THAN ONE MEMBER IN SAME FAMILY , CGTMSE COVER
AVAILABLE UP TO 60 % OF DEFAULT.
253. RBIA :--SECURING LOW RISK IN RBIA . PERIODICITY OF CONDUCTING INSPECTION CHANGED TO 18 MONTHS FOR :-LOW
RISK A, 15 MONTHS FOR :-NORMAL RISK B , 12 MONTHS FOR :-MODERATE RISK C, 06 MONTHS FOR HIGH RISK D,
BUSINESS RISK :--20% , CONTROL RISK :--80%
254. INT RATE FOR BULK DEPOSIT OF RS. 10 CRORE AND ABOVE IS TO BE OBTAINED FROM INTEGRATED TREASURY
WING , MUMBAI.
255. MAXIMUM PERIOD FOR ACCEPTING NRE TERM DEPOSIT IS :- 10 YEARS AND MINIMUM :-1 YEAR.
256. SR CITIZEN ARE NOT ELIGIBLE FOR ADDITIONAL INT RATE FOR NRE TERM DEPOSIT.
257. EMPLOYEE / EX-EMPLOYEE / EX EMPLOYEE SR CITIZEN ARE NOT ELIGIBLE FOR PREFERENTIAL INT RATE FOR NRE
TERM DEPOSIT.
258. FOR SINGLE NRE RETM DEPOSIT RS. 1 CRORE AND ABOVE TO RS. 10 CRORE:--TAKE UP MATTER WITH DEVELOPMENT
SECTION , STRATEGIC PLANNING AND DEV WING , H O , THROUGH MIPD AND PP SEC OF CO FOR OBTAINING
PERMISSION.
259. PENALTY 1 % FOR PREMATURE CLOSURE AND PRE MATURE EXTENSION OF NRE TERM DEPOSIT OF LESS THAN RS. 1
CRORE ON OR AFTER 29/12/2011.
260. NO PENALTY OF 1 % IN CASE OF PREMATURE CLOSURE / PREMATURE EXTENSION OF NRE CALLABLE TERM
DEPOSIT RS. 1 CR AND ABOVE.
261. NO INT FOR NRE TERM DEPOSIT CLOSED BEFORE 1 YEAR.
262. EXTENSION OF PERIOD OF NRE TERM DEPOSIT , THE PERIOD OF EXTENDED DEPOSIT SHALL BE MIN 1 YEAR AND
MAX 10 YEAR.
263. AUTO RENEWAL OF NRE TERM DEPOSIT IS ONLY --ONCE .
264. OVERDUE NRE DEPOSIT WILL BE PAID INT AT SB RATE FROM THE DATE OF MATURITY TILL THE DATE OF
PAYMENT OR / RE-INVESTED.
265. SR CITIZEN NOT ELIGIBLE FOR ADDITIONAL ROI FOR FCNR DEPOSIT.
266. EMPLOYEE / EX-EMPLOYEE / EX-EMPLOYEE SR CITIZEN ARE NOT ELIGIBLE FOR PREFERENTIAL ROI.
267. FCNR / RFC -DEPOSIT FOR USD 1 MILLION AND ABOVE :-OBTAIN PERMISSION FROM INTEGRATED TREASURY WING
MUMBAI ( FOREX DEALING ROOM ), CAN SEND MAIL TO funds@canarabank.com 022-26725033.
268. DOMESTIC DEPOSIT PERIOD MIN :-7 DAYS , MAX:-10 YEARS.
269. NON CALLABLE TERM DEPOSIT ARE BULK DEPOSIT WHERE PREMATURE WITHDRAWAL NOT PERMITTED.
270. BANK IS NOT ACCEPTING BULK TERM DEPOSIT MATURITIES OF 5 YEARS AND ABOVE.
271. FOR DOMESTIC TERM DEPOSIT OF SR CITIZEN ( INCLUDING RD ) -ADDITIONAL ROI IS GIVEN 0.050%.
272. SR CITIZEN NOT ELIGIBLE FOR ADDITIONAL INT RATE ON NRO TERM DEPOSIT AND DEPOSIT ACCEPTED UNDER
CAPITAL GAIN DEPOSIT.
273. FOR SINGLE DEPOSIT RS. 1 CRORE AND ABOVE UP TO RS. 10 CRORE, TAKE UP MATTER WITH DEV SEC , SP AND D WING
HO THROUGH MIPD CO .
274. FOR NON CALLABLE DEPOSIT ( WHERE PREMATURE WITHDRAWAL IS NOT PERMITTED ) OF RS. 1 CRORE ( OTHER
THAN INDIVIDUAL AND HUF ) , PERIOD IS MIN 46 DAYS AND ABOVE , AN ADDITIONAL INT RATE OVER AND ABOVE
THE RATE OFFERED FOR GEN PUBLIC IS BEING EXTENDED.
275. EMPLOYEE / EX –EMPLOYEE :--ADDITIONAL 1 % EXTENDED , EXCEPT FOR NRO TERM DEPOSIT AND CAPITAL GAIN AC
276. EX –EMPLOYEE SR CITIZEN ADDITIONAL 1.50% AVAILABLE, EXCEPT NRO AND CAPITAL GAIN AC.
277. CANARA TAX SAVER --ADDITIONAL ROI TO EX –EMPLOYEE SR CITIZEN :--IS AVAILABLE ONLY 1 % .
278. DOMESTIC / NRO DEPOSIT FOR HUF KARTA SR CITIZEN :--NO ADDITIONAL ROI.
279. NRO TERM DEPOSIT :--SR CITIZEN / EMPLOYEE / EX-EMPLOYEE / SR CITIZEN :-NO ADDITIONAL ROI AVAILABLE


280. CAPITAL GAIN DEPOSIT :--NO ADDITIONAL ROI IS AVAILABLE FOR ANYBODY.
281. RD ( RECURRING DEPOSIT ) :--ADDITIONAL 1 % ELIGIBLE FOR EMPLOYEE / EX EMPLOYEE, FOR EX –EMPLOYEE SR
CITIZEN ADDITIONAL ROI IS :- 1.50% AVAILABLE, FOR SR CITIZEN ADDITIONAL ROI IS :-0.50 %.
282. 1 % PENALTY IS THERE FOR PREMATURE CLOSURE / PART WITHDRAWAL / PREMATURE EXTENSION RS. 1 CR AND
LESS.
283. NO PENALTY FOR PREMATURE CLOSURE / PART WITHDRAWAL / PREMATURE EXTENSION CALLABLE DEPOSIT RS. 1
CRORE AND ABOVE.
284. NO INT FOR DEPOSIT CLOSED BEFORE 7 DAYS.
285. PENALTY :-1 % TERM DEPOSIT UNDER CAPITAL GAIN AC FOR PREMATURE CONVERTED / WITHDRAWN / CLOSED.
.

288. SURPRISE VERIFICATION OF CASH AND SECURITIES :--ONE MANAGER OR ONE OFFICER WITH ONE SWOP., ONCE IN
A MONTH THROUGH NEARBY BRANCH , ONCE IN QUARTER BY DM / AGM OF RO / CO.
289. REVISED CHARGES FOR AADHAAR RELATED SERVICES AT AADHAAR SEVA KENDRA AND AADHAAR ENROLLMENT
CENTRE :---AADHAAR ENROLLMENT ( GENERATUION ) :-FREE, MANDATORY BIOMETRIC UPDATE OF CHILDREN :--
FREE, DEMOGRAPHIC / BIOMETRIC OR BOTH UPDATE :--41+9 ( GST ) = RS. 50 , AADHAAR SEARCH USING e-KYC /
FIND AADHAAR COLOUR PRINT :--RS. 25 +5 ( GST )= RS. 30, UIDAI GIVES RS. 100 TO BANK FOR EACH ENROLLMENT.
290. DUE DILIGENCE SERVICES FOR MICRO, SMALL AND MEDIUM ENT ARE AVAILABLE WITH M/S CARE RATINGS
LIMITED ( EARLIER IT WAS KNOWN AS M/S CREDIT ANALYSIS AND RERSEARCH LIMITED ) AND ALSO AVAILABLE
WITH M/S ACUITE RATINGS AND RESEARCH LIMITED ( EARLIER WAS KNOWN AS M/ SMERA RATINGS LIMITED ) .
291. NEW RETAIL LOAN PRODUCT :--CANARA HOME LOAN SECURE ( CHLS ) , THIS IS RETAIL PERSONAL LOAN FOR 100 %
FUNDING OF ONE TIME LIFE INSURANCE PREMIUM OFFERED BY M/ S CANARA BANK HSBC , OBC , CHOICE .
292. UPI ( UNIFIED PAYMENT INTERFACE ) :--PER DAY TRANSACTION MAX RS. 20000 , TOTAL MAX NO OF TRANS IN A
DAY PERMITTED :- 10 .
.
294. CMR ( CIBIL MSME RANK ) :- A NEW PRODUCT OF CIBIL AS AN ADDITIONAL DUE DILIGENCE TOOL FOR MSME
PROPOSALS FOR ABOVE RS. 10 LAKH TO RS. 10 CRORES.
295. THE STANDARD DEDUCTION FROM SASLARY INCREASED TO RS. 50000.
296. THE THRESHOLD LIMIT FOR TDS ON INT INCOME OTHER THAN INT ON SECURITIES INCREASED TO RS. 40000. FOR SR
CITIZEN RS. 50000
297. THE THRESHOLD LIMIT FOR TDS ON RENTAL INCOME INCREASED TO RS. 2,40,000.
298. MAXIMUM TIME FOR CLOSURE OF RBIA REPORTS :--2 MONTHS FOR SMALL BER / SERVICE UNITS / AC SECTION / LPC /
FD / CC / SME SULABH. 3 MONTHS FOR MED BR / MCB / RAH / SME BR / PCB . 4 MONTHS FOR LARGE BR / ELB / VLB ,
3 MONTHS FOR HIGH RISK BR , 1 MONTH FOR SNAP AUDIT OF KYC / AML EXP AUDIT / SNAP AUDIT OF NORMAL AND
MODERATE RISK BR .
299. UPDATION OF AOD IN CBS :-OPTION IS BA020.
300. REVISION OF DEFINATION OF BULK DEPOSIT DONE :--NOW, SINGLE RUPEE TERM DEPOSIT WILL BE OF RS. 2 CRORE
AND ABOVE. ( EARLIER IT WAS RS. 1 CRORE ) .
301. CARD LOSS AND ACCIDENTAL DEATH INSURANCE POLICY COVER WILL BE AVAILABLE NOW FROM M / S TATA AIG
WEF 08/08/2018 ( EARLIER WAS FROM M/S ICICI LOMBARD GEN INSU ) .
302. VIDYA SHAKTHI :--NEW EDUCATION LOAN SCHEME FOR THE STUDENTS OF PERSONS WITH DISABILITIES ( PWD )
CATEGORY .
303. CGTMSE :-- PAYMENT OF ANNUAL SERVICE FEE ( ASF ) , AND ANNUAL GTEE FEE ( AGF ) :--FOR DELAYED PAYMENT
ATTRACTS PENALTY AND ADDITIONAL PREMIUM OF 15 % .
304. DBS ( DIGITAL BANKING SERVICE ) :-- HELP DESK NO ONLY FOR BRANCHES TOLL FREE :-1800-425-8395 .
305. PLATINUM DEBIT CARD RISK COVERED :--DEATH DUE TO ACCIDENT :--AIR CRASH RS. 8 LAKH, RS. 4 LAKH FOR SPOUSE ,
OTHER THAN AIR CRASH RS. 4 FOR SELF AND RS. 2 LAKH FOR SPOUSE, BAGGAGE INSU RS. 25000 PER CARD, PURCHASE
PROTECTION COVER RS. 25000 PER CARD.
306. BANKS COMPENSATION POLICY :--BANK WILL COMPENSATE CLAIM WHERE NO MISTAJKE OF BANK / CUSTOMER RS.
100 PER RS. 5000 , MAX RS. 1000 FOR EACH INSTANCE.
307. GST REPLACED ALL INDIRECT TAXES SUCH AS CENTRAL EXCISE DUTY / SER TAX / STATE VAT / CENTRAL SALES
TAX /LUXURY TAX / ENTRY TAX / ENTERTAINMENT TAX / AMUSEMENT TAX / TAXEX ON ADVERTISEMENT / PURCHASE
TAX / TAXES ON LOTTERY , BETTING , GAMBELLING / STATE SURCHARGE CESS.
308. COMMITMENT CHARGES :--1 % FOR ABOVR RS. 10 CRORE FOR BOTH FB / NFB .
309. NRLM :--AAJIVIKA :-NO COLLATERAL UP TO RS. 10 LAKH .
310. ELERCTRICITY BILL IS ACCEPTED AS OVD FOR THE LAST 2 MONTHS ONLY.
311. INTRODUCTION IS NOT MANDATORY FOR OPENING OF SB / CA /ODCC ACCOUNTS
312. AADHAAR IS MANDATORY FOR SB ACCOUNT OPENING.
313. IF ADDRESS PROOF IS NOT AVAILABLE IN KYC , THEN OBTAIN DECLARATION OF LOCAL ADDRESS WHICH IS
ACCEPTABLE .
314. IN CASE OF LOW RISK CUSTOMER -SUBMIT KYC DOCUMENTS IN 6 MONTHS FROM THE ACCOUNT OPENING DATE.
315. FOR FOREIGN STUDENT --SUBMIT KYC AS LOCAL ADRESS IN MONTH FROM THE DATE OF ACCOUNT OPENING .
316. VINTAGE PARAMETERS MEANS - NEWLY OPENED CASA ACCOUNTS NOT COMPLETED 6 MONTHS FROM THE DATE
OF ACCOUNT OPENING ( WILL BE HIGH RISK ACCOUNTS ) EXCEPT STAFF / PENSIONERS / EX-STAFF / SMALL ACC / F I AC /

BSBD ACCOUNTS.
317. RISK REVIEW OF CASA ACCOUNTS DONE ONCE IN EVERY 6 MONTHS ON 15TH MAY AND ON 15TH NOV EVERY
YEAR.
318. FOR MEDIUM RISK CATEGORY -HIGHER DUE DILIGENCE IS REQUIRED .
319. THRESHOLD LIMIT ISD FIXED AT AC LEVEL ON THE BASIS OF - POPULATION CATEGORY / NATURE OF AC / BUSINESS
ACTIVITY / PROFESSION .
320. PERIODICAL UPDATION OF CUSTOMER IDENTIFICATION DATA ( PHOTO / ADD PROOF ) IS TO BE DONE IN ALL
ACCOUNTS ONCE IN 10 YEARS -LOW RISK CATEGORY / 8 YEARS -MEDIUM CATEGORY / 2 YEARS -HIGH RISK
CATEGORY ACCOUNTS. QUARTERLY IN THE MONTH OF APRIL / JULY / OCT / JAN .
321. FREASH PHOTO OF IDENTITY AND ADDRESS PROOF NOT REQUIRED IN CASE OF -LOW RISK CUSTOMER .
322. FOR NON COMPLIENCE OF KYC / AML / CFT PENALTY MIN RS. 10000 AND MAX RS. 1 LAKH TO EMPLOYEE.
323. CCR MEANS - COUNTERFEIT CURRENCY REPORT
324. STR MEANS - SUSPICIOUS TRANSACTION REPORT , NO PERIODICITY OF REPORTING.
325. CTR MEANS – CASH TRANSACTION REPORT , ( TRANS VALUE RS. 10 LAKH OR ITS EQUIVALENT , AGGREGATE IN ONE
MONTH . REPORT TO FIU-IND MONTHLY BY 15 TH OF SUCCEEDING MONTH.
326. FATF MEANS - FINANCIAL ACTION TASK FORCE , TRANSACTION INVOLVING COUNTRY LISTED BY FATF.
327. RECORDFS OF CBS TRANSACTIONS MAINTAIN FOR 10 YEARS .
328. OBTAIN FRESH ADDRESS PROOF IN CASE OF TRANSFERRED ACCOUNTS.
329. HNI MEANS -HIGH NETWORTH INDIVIDUALS ( AVERAGE DEPOSIT SB+CA+TD ) RS. 100 LAC AND ENJOYING FUND
BASED LIMITS RS. 100 LAKH AND ABOVE.
330. AADHAAR IS 12 DIGIT NO.
331. SB ASCCOUNT INT QUARTERLY ON 1ST OF FEB / MAY / AUG / NOV .
332. JOINT ACCOUNT ILLITERATE AND LITERATE OPERATION BY ILLITERATE OR JOINTLY ONLY.
333. CHEQUE BOOK CAN BE ISSUE TO BLIND PERSON ALSO BUT FOR SPECIFIC PURPOSE ONLY.
334. RURAL BRANCH WITH OR WITHOUT CHEQUE BOOK MIN BAL RERQUIRED RS. 500
335. SEMI URBAN / URBAN / METRO WITH OR WITHOUT CHEQUE BOOK MIN BAL REQUIRED IS RS. 1000 ( AVERAGE
MONTHLY BALANCE ).
336. MINIMUM BALANCE NOT REQUIRED IN CASE OF ACCOUNTS OF NRI / ZERO BAL AC / STUDENTS / PMJDY / SR
CITIZENS / PENSIONERS / EMPLOYEE STAFF .
337. SCALE 4 AND ABOVE ONLY HAVING AUTHORITY TO PERMIT TOD IN SB /CA .
338. TOD AGAINST SALARY - MAX RS. 5000 FOR MAX PERIOD 15 DFAYS.
339. CANARA PAY ROLL PACKAGE TOD --MAX 2 TIMES IN CALENDER YEAR , MAX 50% OF LAST MONTH NET SALARY ,
MAX RS. 50000
340. FOR PENSIONER TOD 50% OF MONTHLY PENSION .
341. BSBD ACCOUNTS MAX 4 WITHDRAWAL IN A MONTH PERMITTED INCLUDING ATM WITHDRAWAL. AND MAX 48
WITHDRAWALS IN A YEAR.
342. CANARA SB POWER PLUS - QUARTERLY AVERAGE BAL RS. 1 LAKH AND ABOVE , CAN OPEN WITH ZERO BALANCE,
PENALTY FOR NON MAINTENANCE OF MIN BAL RS. 250 PER QTR.
343. CANARA PRIVILAGE CURRENT AC -QUARTELY AVERAGE BAL RS. 1 LAKH AND ABOVE , NON MAINTENANCE OF MIN
BAL PENALTY RS. 1000 PER QTR. ACCOUNT CLOSED BEFORE ONE YEAR PENALTY RS. 2000 +SC
344. CALLABLE DEPOSIT RS. 1 CRORE AND ABOVE -PREMATURE CLOSURE IS ALLOWED WITHOUT PENALTY .
345. NON CALLABLE DEPOSIT RS. 1 CRORE AND ABOVE --PREMATURE CLOSURE NOT ALLOWED , MIN PERIOD 46 DAYS
AND ABOVE ( OTHER THAN INDIVIDUAL AND HUF ) , NO AUTO RENEWAL , NO PART WITHDRAWAL IS PERMITTED,
BULK DEPOSIT UNDER NON CALLABLE UP TO MAX 5 YEAR IS ALLOWED ONLY. MEANS CAMNNOT OPEN MORE
THAN 5 YEARS.
346. DEAF MEANS- DEPOSITOR EDUCATION AND AWARENES FUND --MONTHLY TRANSFERRED TO HO , HIGH RISK
ACCOUNTS .
347. PMJDY --BORROWER HOUSEHOLD ANNUAL INCOME DOES NOT EXCEED RS. 1 LAKH IN CASE OF RURAL AREA, RS.
160000 IN CASE OF NON RURAL AREA . Additional LIFE INS COVER AVAILABLE RS. 30000.
348. APY –ATAL PENSION YOJANA -ADMINISTERED BY PFRDA AND NSDL , AGE BETWEEN 18-40, MIN CONTRIBUTION 20
YEARS , MIN RS. 1000 MAX RS. 5000, PENSION STARTS AT THE AGE OF 60
349. WITHDRAWAL IN EMPLOYEES ACCOUNT UP TO RS. 5000 --SPL ASSISTANT CAN PASS , UP TO RS. 10000 OFFICER CAN
PASS , ABOVE RS. 10000 -MANAGER / SR MANAGER CAN PASS.
350. PMSBY :-- PRADHAN MANTRI SURAKSHA BIMA YOJANA, GEN INS CO / BAJAJ INS CO , AGE 18-70, ACCIDENTAL
DEATH DISABILITY RS. 2 LAKH , PREMIUM RS. 12 + GST ( RS. 10 INS CO , RS.1 FOR BC / BK , RS. 1 FOR PER ANNUM PER
MEMBER.
351. PMJJBY :-- PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA , LIFE INS COVER RS. 2 LAKH, PREMIUM RS. 330 ( RS. 289
FOR PER MEMBER , RS. 30 FOR BC / BK PER ANNUM PER MEMBER , RS. 11 FOR P A PER MEMBER , ASGE 18-50.
352. PRIORITY SECTOR TARGET :--40% OF ANBC , AGRI :-18% OF ANBC , MSME 7.50 % OF ANBC , EL :--PRIORITY UP TO
RS. 10 LAKH , HL :--METRO POPULATION 10 LAKH AND ABOVE RS. 35 LAKH ( COST OF DWELLING UNIT RS. 45 LAKH ) ,
OTHER :--RS. 25 LAKH ( COST OF DWEL;ING UNIT RS. 30 LAKH ), HL REPAIR :--METRO RS. 5 LAKH , OTHER RS. 2 LAKH .,
EXPORT 2 %.
353. MICRO ENT , SMALL ENT , MEDIUM ENT INVESTMENT IN PLANT AND MACHINERY
354.
355. SERVICE UNIT 356. INVESTMENT IN PLANT AND MACHINERY
357. MICRO 358. DOES NOT EXCEED RS. 10 LAKH
359. SMALL 360. ABOVE RS. 10 LAKH AND DOES NOT
EXCEED 2 CR


361. MEDIUM ENT 362. ABOVE 2 CR AND DOES NOT EXCEED 5
CR
363. 364.
365.
366. MFG UNIT 367. INVESTMENT IN PLANT AND MACHINERY
368. MICRO 369. DOES NOT EXCEED RS. 25 LAKH
370. SMALL 371. ABOVE RS. 25 LAKH AND DOES NOT
EXCEED RS. 5 CR
372. MEDIUM 373. ABOVE RS. 5 CR AND DOES NOT EXCEED
RS. 10 CR
374. 375.
376.
377. WEAKER SECTIONS TARGET :--10 % OF ANBC OR 25 % OF PRIORITY SECTOR., SF / MF HAVING UP TO 5 ACRES OF
LAND .
378. AGRICULTURE LOANS :-- MARGIN UP TO 1 LAKH :- NIL , ABOVE 1 LAKH :-15 TO 25 %, AGRI CLINIC / AGRI BUS CENTRE
MARGIN :-UP TO 5 LAKH NIL.
379. AGRI LOANS :--SECURITY UP TO 1.50 LAKH NO SECURITY
380. PAIS :--KCC HOLDER AGE UP TO 70 PERMITTED , DEATH INS RS. 150000, PERMANENT DIS ABILITY RS. 187500 , PREMIUM
RS. 25 p. a. ( BANK RS. 17 p. a , farmer Rs. 8 p a )
381. CANARA KISAN OD :--1 YEAR SATISFACTORY DEALINGS , TENABILTY 3 YEARS, QUANTUM :- IF RECOVERY UP TO 90 %
MAX 3 TIMES OF GROSS ANNUAL INCOME, MAX LIMIT RS. 7.50 LAKH OR RS. 1 LAKH PER ACRE M, MAX 50 % OF
VALUE OF LANDED PROPERTY, IF RECOVERY MORE THAN 90 % :-MAX 4 TIMES GROSS
ANNUAL INCOME , MAX RS. 12.50 LAKH , RS. 1.50 LAKH PER ACRE OR 50 % OF VALUE OF PROPERTY .
382. SOLVENCY CERTIFICATE :=--UP TO RS. 1 LAKH WITHOUT ANY FIN STMT, AND UP TO DECLARED NET WORTH, FROM
RS. 1 LAKH TO RS. 5 LAKH UP TO ACCEPTED NETWORTH , WITH UN-AUDITED FIN STMT , ABOVE RS. 5 LAKH UP TO
ACCEPTED NET WORTH , WITH AUDITED FIN STMT., COMMISSION :-0.10 % WITH MIN RS. 500 MAX RS. 25000 PER
CERTIFICATE , FOR MSME MAX RS. 10000 .
383. CAPABILITY CERTIFICATE :--FOR SUBMISSION TO GOVT DEPT FOR TENDER APPLICATION , COMM RS. 1 PER RS. 1000,
MIN 100 MAX 500 PER CERTIFICATE .
384. PMMY:--PRADHAN MANTRI MUDRA YOJANA :- MICRO UNITS DEVELOPMENT AND REFINANCE AGENCY LTD , UP TO
MAX RS. 10 LAKH , SHISHU -UP TO RS. 50000, KISHORE 50000 TO 5 LAKH , TARUN FROM RS. 5 LAKH TO RS. 10 LAKH,
MARGIN UP TO 25000 NIL, ABOVE RS. 25000 15-25 %.
385. PMAY:--PRADHAN MANTRI AWAS YOJANA :-ANNUAL HOUSE HOLD INCOME FOR EWS ( ECONOMICALLY WEAKER SEC )
UP TO RS. 3 LAKH , FOR LIG ( LOWER INCOME GROUP ) UP TO RS. 6 LAKH, SELF EMPLOYED RS. 2.5 LAKH , MAX 4
TIMES GROSS ANNUAL INCOME WITH 40 % NTH , MAX LOAN RS. 24 LAKH. , REPAYMENT 20 YRS. NO PROCESSING FEE
UP TO RS. 6 LAKH., AGE 21- 60.
386. PROVISION :--SDIRECT ADV TO AGRIO AND MSME ( MICRO AND SMALL ) 0.25%, COMM REAL ESTATE :-1%, , ALL
OTHER LOANS AND ADV :--0.40%, RESTRUCTRED AC UNDER STD CATEGORY :-5 %, SUB STD :-SECURED 15 % ON
TOTAL O/S , UNSECURED EXPOSURE :-25 % ON O/S LIAB., DOUBTFUL ASSET:--UP TO 1 YR DA1 DEFICIT + 25% OF
SECURITY, MORE THAN 1 YR UP TO 3 YR DA2 DEFICIT + 40 % OF SECURITY, MORE THAN 3 YR 100 % FOR BOTH SECURED
/ UNSECURED , LOSS ASSET :-100 %
387. CREDIT AUDIT:-- RS. 1 CRORE AND ABOVE , LEGAL AUDIT RS. 5 CR AND ABOVE , STRESS AUDIT RS. 50 CR AND
ABOVE.
388. SWL :--STD ASSET , 5 CATEGORY A- LIMIT UP TO 1 LAKH, B—1 LAKH TO 5 LAKH, C- 5 LAKH TO 25 LAKH , D- 25 LAKH
TO 1 CR , E- ABOCE 1 CRORE.
389. QUICK MORTALITY ACCOUNTS :--NEW AC LIABILITY RS. 15 LAKH AND ABOVE , BECOMING NPA WITHIN 12 MONTHS
FROM THE DATE OF FIRST DISBURSEMENT.
390. SMA :--SPECIAL MENTION ACCOUNTS , SMA 0 :-PRINCIPAL OR INT PAYMENT NOT OVERDUE FOR MORE THAN 30
DAYS BUT AC SHOWING SIGNS OF INCIPIENT STRESS, SMA 1:--OVERDUE BETWEEN 31 -60 DAYS, SMA 2 :-OVERDUE
BETWEEN 61 - 90 DAYS.
391. CRILC :--CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS , RS. 5 CR AND ABOVE BOTH FB /NFB
EXPOSURE .
392. THREE PILLARS OF BASEL :--MIN CAPITAL REQUIREMENT , SUPERVISORY REVIEW , MARKET DISCIPLINE.
393. CREDIT RATING AGENCIES :--DOMESTIC :--BRICKWORK RATINGS INDIA PVT LTD , CREDIT ANALYSIS AND RESEARCH
LTD , CRISIL LTD , ICRA LTD , INDIA RATINGS AND RESEARCH PVT LTD , SME RATINGS LTD ( SMERA ),
INTERNATIONAL CREDIT RATING AGENCIES :--FITCH , MOODYS, STANDARD AND POORS.
394. MODELS UNDER RISK RATINGS :--PORTFOLIO MODEL LOANS UP TO 2 LAKH, SMALL VALUE MODEL ABOCE 2 LAKH
TO 20 LAKH, MANUAL MODEL ABOVE 20 LAKH TO 200 LAKH , RAM MODEL ABOVE 200 LAKK.
395. DEATH CLAIM :-- DELEGATION OF POWER , WITHOUT NOMINEE MGR / SR MGR -UP TO RS. 2 LAKH , DM / CM UP
TO RS. 3 LAKH, AGM UP TO RS. 5 LAKH .
396. BCSBI :---BANKING CODES AND STANDARDS BOARD OF INDIA TARAPORE COMMITTEE, CHAIRMEN :- A C MAHAJAN ,
FOR DEFICIENCY OF SERVICES.
397. CIBIL :--CREDIT INFORMATION BUREU INDIA LTD , EXEMPTION :--BELOW RS. 1 LAKH LOAN , SALARY CREDIT TO AC,
CANARA PENSION , EL, LOAN AGAINST DEPOSIT, GOLD LOAN , STAFF LOAN.

403. DEPOSIT IN BANK 404. DEBTOR 405. CREDITOR
406. LOAN FROM BANK 407. CREDITOR 408. DEBTOR
409. SDL 410. LESSOR 411. LESSEE
412. SCA 413. BAILEE 414. BAILOR
415. ISSUER OF DD 416. DEBTOR 417. CREDITOR
418. COLLECTION OF CHEQUE 419. AGENT 420. PRINCIPAL
421. GOODS LEFT NEGLIGENTLY
BY CUSTOMER
422. TRUSTEE 423. BENEFICIARY
424. PLEDGE 425. PAWNER , PLEDGEE 426. PAWNEE, PLEDGER
427. HYPOTHECATION 428. HYPOTHECATEE 429. HYPOTHECATOR
430. ASSIGNMENT 431. ASSIGNEE 432. ASSIGNOR
433. MORTGAGE 434. MORTGAGEE 435. MORTGAGOR
436.
437. SMA :--SPECIAL MENTION ACCOUNTS , SMA0:- OVERDUE UP TO 30 DAYS, SMA1:-OVERDUES FROM 31 ST TO 60 DAYS,
SMA2:- OVERDUES FROM 61 ST DAY TO 90 DAYS .
438. RED FLAGGED ACCOUNTS ( RFA ) :--RS. 50 CR AND ABOVE , A SUSPICIOUS FRAUDULENT TRANS REPORTED.
439. WILLFUL DEFAULTER CUT OFF LIMIT RS.25 LAKH FIXED BY CVC .
440. LEGAL ENTITY IDENTIFIER ( L E I ) :- FOR LARGE BORROWER CORPORATE , HAVING 20 DOGIT UNIQUE CODE.
EXPOSURE RS. 5 CR AND UP TO 50 CR .
441. ATM / CASH DISPENCER POLICY:-BANK TO REIMBURSE IN 7 DAYS AMOUNT WRONGFULLY DEBITED , FASILED ATM
TRANS . COMPENSATION RS. 100 PER DAY IF COMPLAINT LODGED IN 30 DAYS BY THE CUSTOMER.
442. WORKING CAPITAL METHODS :--TURN OVER METHOD UP TO 5 CR ( SME ), NON SME UP TO 2 CR. MPBF METHOD :--
ABOVE 5 CR TO 25 CR ( SME ) , OTHER THAN SME ABOVE 2 CR , CASH BUDGET METHOD :-ABOVE 25 CRORES.
443. VALIDITY OF SACTIONS :--WC 3 MONTHS , TL 6 MONTHS , STL / ADHOC 30 DAYS.
444. ADHOC CREDIT FACILITY :--MAX 90 DAYS , MAX 2 TIMES IN A FIN YEAR , 20% OF UNEXPIRED REGULAR LIMIT ,
SCALE 4 AND ABOVE IS THE AUTHORITY.
445. TOL ( TEMPORARY OVER LIMIT ) :--MAX FOR 7 DAYS , ONCE IN A MONTH , 12 TIMES IN A FIN YEAR, 10 % OF UN
EXPIRED REGULAR LIMIT , SCALE 4 AND ABOVE IS AUTHORITY .
446. PAYMENT BANKS :--NO LENDING ACTIVITY, MUTUAL FUNDS AND INS BUSINESS , DEBIT CARD CAN ISSUE, CREDIT
CARD CANNOT ISSUE, MIN PAID UP CAPITAL RS. 100 CR , MIN CAR 15% .
447. SUKANYA SDAMRUDHHI ACCOUNT :--INDIVIDUAL ONLY, ONLY ONE AC , AGE UP TO 10 YRS, MAXC 2 GIRL CHILDREN ,
3 IN CASE OF TWINS, AADHAAR IS MANDATORY , MIN RS. 1000 MAX RS. 150000 IN F Y ., FOR 15 YRS , ACCOUNT
MATURES ON 21 YRS OF GIRL, PREMATURE CLOSURE PERMITTED , NO PENALTY , INT ONCE IN A YEAR COMPOUNDED
INT , CAN WITHDRAW AMOUNT ON ATTAINING AGE OF 18 TH OR 10 TH STD PASSED WHICHEVER IS EARLIER.
448. CANARA TRAVEL PRE PAID CARD :--NON PERSONALISED EMV CHIP CARD , AVAILABLE IN 7 CURRENCIES , USD / EURO
/ GBP / CAD / AUD / SGD / AED , CARD VALIDITY 5 YRS , CANNOT USE IN INDIA / NEPAL / BHUTAN / NORTH KOREA ./
CUBA / IRAN. , CAN BE USED FOR POS / ONLINE PAYMENT / ON LINE SHOPPING / ATM WITHDRAWAL AT FOREIGN
LOCATIONS .
449. BHARAT QR :--NO PHYSICAL POS MACHINE IS REQUIRED , SCAN AND PAY , SB /CA , MDR -CHARGES NIL UP TO RS. 2000 ,
ABOVE RS. 2000 MDR CHARGES 0.3 % MAX RS. 200 FOR MERCHANT TURNOVER UP TO RS. 20 LASKH, 0.8% MAX RS.1000
FOR MERCHANT TURNOVER ABOVE RS. 20 LAKH .

LOANS AND ADVANCES INCLUDING BALANCE SHEET ANALYSIS

1. ˜Credit Rating Agencies in India are regulated by: RBI
2. ˜CRISIL stands for: Credit Rating Information Services of India Ltd.
3. ˜Deferred Payment Guarantee is : Guarantee issued
when payment by applicant of guarantee is to be made in installments over a period of time.
4. ˜If Break Even Point is high, it can be construed that the margin of safety is ____: Low.
5. ˜Long Term uses – 12; total Assets – 30; Long Term source 16; What is net working capital : 4
6. ˜On which one of the following assets, depreciation is applied on Straight line method: Computers.
7. ˜Projected Turnover is Rs.400 lacs, margin by promoter is Rs. 20 lacs. What is maximum bank
finance as per Annual Projected Turnover method: 80 lakhs.
8. ˜Rohit was a loanee of the branch and news has come that he has expired. On enquiry, it was
observed that he left some assets. Upto what extent the legal heirs are liable to the Bank? Legal heirs are
liable for the liabilities upto the assets inherited by them.
9. ˜The appraisal of Deferred Payment Guarantee is same as that of a) Demand Loan b) OD c) Term
Loan d) CC : Term Loan.
10. A cash credit account will be treated as NPA if the CC limit is not renewed within ___days from the
due date of renewal: 180 days.
11. A director of a bank wants to raise loan of Rs 10 lakh from his bank against Life Insurance Policy with
surrender value of more than Rs 15 lakh. What will be done?: Bank can sanction.
12. A firm is allowed a limit of Rs.1.40 lac at 30% margin. It wants to avail the limit fully. How much will
be the value of security : Rs.2 lac
13. A guarantee issued for a series of transactions is called: Continuing guarantee
14. A lady who has taken a demand loan against FD come to the branch and wants to add name of her
minor son, as joint a/c holder. What you will do?: Name can be added only after adjustment of the loan.
15. A letter of credit which is issued on request of the beneficiary in favour of his supplier: Back to Back

LC
16. A loan is given by the bank on hypothecation of stock to Mr. A. Bank receives seizure order from
State Govt. What should bank do?: Bank will first adjust its dues and surplus if any wilt be shared with
the Govt.
17. A loan was sanctioned against a vacant land. Subsequently a house was constructed at the site.
What security is available now to the bank? : Both
18. A minor was given loan. On attaining majority he acknowledges having taken loan and promises to
pay. Whether the loan can be recovered? : He can not ratify the contract. Hence recovery not possible.
19. A negotiating bank and issuing bank are allowed days each for scrutiny of documents drawn
under Letter of credit to ensure that documents are as per LC: 5 banking days each.
20. Age limit staff housing loan: 70 years;
21. An L/C is expiring on 10.05.2008. A commotion takes place in the area and bank could not open.
Under these circumstances can the LC be negotiated?: The L/C can not be negotiated because expiry date
of LC can not be extended if banks are closed for reasons beyond their control.
22. As per internal policy of certain banks, the net worth of a firm does not include: a. Paid up capital b.
Free Reserve c. Share Premium d. Equity received from Foreign Investor : Revaluation Reserves
23. Authorised capital is Rs.10 lac. Paid up capital Rs.6 lac. The loss of previous year is Rs.1 lac. Loss in
current year is Rs3 _ lac. The tangible net worth is : Rs.2 lac
24. Authorised capital= 10 lac, paid-up capital = 60%, loss during current year = 50000, loss last year =
2 lacs, what is the tangible net worth of the company? : 3.5 lac
25. Bailment of goods by a person to another person, to secure a loan is called : Pledge
26. Balance outstanding in a CC limit is Rs.9 lakh. Value of stock is Rs.5 lakhs. It is in doubtfUl for more
than two years as on 31 March 2012. What is the amount of provision to be made on 31-03-2013?: Rs.9
lakhs (100% of liability as account is doubtful for more than 3 years)
27. Balance Sheet of a firm indicates which of the following – Balance Sheet indicates what a firm
owes and what a firm owns as on a particular date.
28. Bank limit for working capital based on turn over method: 20% of the projected sales turnover
accepted by Banks
29. Banks are required to declare their financial results quarterly as per provisions of : SEBI
30. Banks are required to maintain -a margin of ___ for issuing Guarantee favouring stock exchange on
behalf of share Brokers.
31. Banks are required to obtain audited financial papers from non corporate borrowers for granting
working capital limit of: Rs.25 lakh &above
32. Banks provide term loans and deferred payment guarantee to finance capital assets like plant and
machinery. What is the difference between these two: Outlay of funds.
33. Benchmark Current Ratio under turn over method is: 1.25
34. Break Even Point: No profit no loss. ( TR-TC=Zero)
35. Calculate Debt Equity ratio – Debenture – Rs 200, capital 50; reserves – 80; P& L account credit
balance – Rs 20: 4: 3 ( 200 divided by 150).
36. Calculate Net working capital– Total assets 1000; Long Term liabilities 400; Fixed assets, Intangible
assets and Non current assets (i.e. long term uses) Rs 350; What is net working capital : 400- 350= Rs
50
37. Calculate Tangible Net Worth: Land and building: 200 Lacs; Capital:80000 intangible asset:15000:

Jaiib legal last minute important points

JAIIB - LAST MINUTE JAIIB LEGAL IMPORTANT::

☑ 1. As per section 26 of the Negotiable Instruments Act, a Minor can draw, endorse, accept a negotiable instrument but he can not : bind himself

☑ 2. A has granted Irrevocable Power of Attorney in favour of B for one year. After 3 months, A revokes the Power of Attorney. A cheque signed by B is presented for payment_ What will you do? The cheque will not be paid because POA can be withdrawn before maturity and once it is revoked, no cheque signed by agent can be debited to account of Principal

☑ 3. What is the Doctrine of Ultra Vires in the context of a limited company?: Any act by the directors beyond the object of the company is considered ultra vires the company and company is not bound by such act.

☑ 4. A minor who was admitted to the benefits of partnership has become major. Within how much period, he has to decide to remain partner in the firm or not?: within 6 months of attaining majority or 6 months of knowing that he is the partner in the firm whichever is later.

☑ 5. If on a cheque words "Account Payee" is written between two parallel lines or with the name of a bank, then: the cheque can not be endorsed.

☑ 6. Which type of crossing is required to be done if the drawer wants that in case of endorsement, the title of transferee of the cheque should not be better than the title of the transferor: Not Negotiable Crossing

☑ 7. In the case of dishonour of a cheque due to insufficient funds, for enforcing rights under section 138 of the Negotiable Instruments Act 1881, the holder should send a notice to the drawer within: 30 days from the date of receipt of notice regarding dishonour of the instrument.

☑ 8. The Limitation period for filing case in case of dishonour of cheque due to insufficient funds is: 1 month from the date of cause of action.

☑ 9. Objectives for which a company has been formed are given in: Memorandum of Association

☑ 10. Full form of BCBS is Basel Committee on Banking Supervision.

☑ 11. Direct Impact of increase in CRR is : Controlling Liquidity

☑ 12. Banks can not issue Demand Draft payable to Bearer as per provisions of : Section 31 of the RBI Act

☑ 13. Grace Period is allowed in the case of : Usance Bills and Usance Promissory Notes

☑ 14. Indian Banks are required tomaintainminimumCapital AdequacyRatio of : 9%

☑ 15. In the case of individuals and HUF, tax will be deducted at source if the interest on term deposit in a financial year is : more than Rs 10,000

☑ 16. If Power of Attorney is executed outside India it should be stamped within:90 days of its first arrival in India

☑ 17. For its implementation, the complainant should accept the award given by Ombudsman within: 30 days of the receipt of the copy of the award.

☑ 18. When proceeds of cheque are given before clearance of the cheque the banker will be called: Holder for Value

☑ 19. In the case ofWrongful dishonour of cheque, towhomthe bank is liable?:Drawer

☑ 20. If date on a cheque is prior to the date of its presentation, it is called: Ante Dated cheque

☑ 21. What isminor's liability in HUF Account:Minor is not liable

☑ 22. When does the right of nominee starts in respect of a deposit account?: After death of all depositors

☑ 23. For injectingmoney in themarket which type of transaction is undertaken?: (a) Repo (b) ReverseRepo

☑ 24. RBI controlsmoney supply through: change in CRR

☑ 25. Loan given to a director can be waived: after ermission of RBI.

☑ 26. Under the Ombudsmen scheme, the Bank has to reply to the objection of the complainant within: one month

☑ 27. A post dated cheque is passed in the account of a customer. But another cheque which was in order was dishonoured due to insufficient funds. What is the liability of the Banker?: Bank is liable to the drawer for paying post dated cheque as bank is not justified in paying post dated cheque. The bank will be liable to drawer for damages on account of wrongful dishonour of cheque.

☑ 28. Which type of preferential shares are treated as part of Tier I capital of the Bank?: Perpetual Non Cumulative Preference Shares.

☑ 29. As per RBI guidelines, all banks are required classify business in various business segments with effect from 31-03-2008. The segments are: (a) Treasury (b)Corporate /Whole sale Banking, (c)Retail Banking, (d)Other Banking Business. The geographical segments are 'domestic' and 'international'.

☑ 30. Customer of your bank asks for cash payment of crossed DD. What would you do? Generally payment only through bank account. However, bank can pay after duly satisfying the genuineness of the draft and payee but bank will continue to be liable to true owner if recipient is not true owner.

☑ 31. A cheque is presented for payment in which the amount in words and figures is different. Bank
should pay which amount?: amount written in words will be paid.

☑ 32. Whether a Private Limited company can be a partner with Public Limited company to forma Partnership?Yes

☑ 33. In the context of Nomination, which is correct statement?:Signatures of nominee not required on nomination form. Nominee's name should be mentioned on FDR if agreed by the customer.

☑ 34. A bearer cheque of Rs.7,000/- was presented. The cashier informed that the cheque can not be passed as
the balance is less by Rs.700/-. The tenderer credited the amount of shortfall and the cheque was paid. Customer disputed the transaction. Whether bank is liable?: Yes. For disclosing balance to third party, bank is liable to account holder.

☑ 35. When an order passed by Banking Ombudsman is accepted by the complainant, the same should be complied within: 1 month from the date of receipt of acceptance from the complainant.

☑ 36. Penalty for delay is per day if information is not furnished within prescribed time under Right to Information Act: Rs. 250 per day with maximum being Rs. 25,000/

☑ 37. A crossed DD was paid by cash. What risk is there for the Bank: Bank will be liable to true owner of the DD if payment made to a person other than true owner (Section 129 of N I Act).

☑ 38. A cheque is written in English and Regional Language. Whether it can be paid?: Yes. A cheque written in different language can be paid if otherwise in order.

☑ 39. Who cannot become a partner in a firm as per Supreme court judgment HUF

☑ 40. Introducers liability / responsibility in case of an account holder defrauding Bank is : To assist the Bank in locating the a/c holder - does not have legal liability

☑ 41. Nomination -Minor can be a nominee.

☑ 42. Inoperative accounts: 2 Years&above not operated.

☑ 43. RTI Act - party seeking information need not disclose the reasons for which the information sought for.

☑ 44. Counterfeit notes returned after police verification, the same has to be preserved for 3 years subject to half yearly verification.

☑ 45. Validity period of cheque reduced to 3months from1.4.12 as per : RBI Guidelines under sec 35A of B R Act

☑ 46. Crossed cheque payment across the counter to the authorized Officer of collecting Bank - can be made and there are no violation as per NI Act. 255.

☑ 47. The consequence of non registration of Partnership - firm cannot sue others for its dues.

☑ 48. Banks are required to implement the award of Ombudsman unless a decision is taken to appeal against the same within one month from the date of receipt of acceptance of the award by the complainant.

☑ 49. Account holder A & B want to substitute their name with the name of their sons C & D in the account. What should the bank do?: Substitution of all names is not allowed. At least one of the original account holder should be retained in the account.

☑ 50. When only image of cheque is sent to the paying bank while sending cheque for collection instead of sending the physical cheque, the process is called: Cheque Truncation

☑ 51. A Cheque partly written in English &partly in regional language is presented for-payment What should the bank do?:May be paid, if otherwise in order and the language other than.English is the regional language of the area where the cheque is presented.

☑ 52. An authority has been granted in an account You have received information about the death of the Principal. Today, you receive a cheque signed by the agent which is dated prior to the death of the Principal.What should the bank do? : Cheque can not be paid as authority of agent comes to end with the death of the Principal.

☑ 53. You are maintaining current account in the name of the Trust.You receive notice of death of one of the trustees. After this notice, a cheque signed by the deceased trustee is presented for payment.What should the bank do?: Cheque may be paid, if otherwise in order.

☑ 54. As per Consumer Protection Act, the period for filing appeal to State Commission against decision of the District Forum is: maximum 30 days

☑ 55. Who can not be full fledged partner:Minor

☑ 56. Can Karta of HUF appoint Agent or delegate the powers to other co-parcener: Yes, he can do so.

☑ 57. Money deposited after receiving order may be attached in the case of: attachment order

☑ 58. Original & duplicate draft presented simultaneously for payment: Duplicate should be paid &
original should be returned.

☑ 59. Company has registered office at Delhi, factory at Kolkata & loan taken at Mumbai. For creating equitable mortgage title deeds can be deposited at: any notified city.

☑ 60. Reasons for avoiding advance to Un-Registered Partnership Firm: Firm can not sue against Any one for recovery of its debts but anyone can sue against the firm.

☑ 61. What is the effect of 'Not Negotiable Crossing'?: Transferee does not get better title than the transferor.

☑ 62. Payment of cheque can be stopped by: only Drawer of the cheque

☑ 63. Account payee crossing defined in:-Not defined anywhere

☑ 64. What is the current rate of interest paid on CRR?:NIL

☑ 65. How can be the transferability of Bill of exchange can be restricted? Bymaking restrictive endorsement

☑ 66. If on a Bill-of Exchange, two parallel lines are drawn and not negotiable is written between the lines,what kind of the crossing will be there: Provisions relating to crossing are not applicable to Bill of Exchange.

☑ 67. Within priority sector,what is the allocation to weaker section?: 25%

☑ 68. Maximum time with in which reply must be given under Right to information act? 30 days

☑ 69. What is the status of Nominee? Trustee of Legal heirs

☑ 70. Safe deposit vault is governed by provisions of: Transfer of Property act

☑ 71. A cheque signed by agent has been presented after his death for payment. What should the bank do?: The cheque will be paid if otherwise in order.

☑ 72. Purpose of star series notes: To replace defectively printed notes

☑ 73. Customer-bank relationship in locker account: Lessee-Lessor

☑ 74. Uptowhat amount District forumcan be approached under Consumer ProtectionAct?: Rs.20 Lacs

☑ 75. Appeal against the award of Ombudsman can be made by the bank within: 30 days of receiving the acceptance from the complainant.

☑ 76. Cheque issued by director of a company and presented after his death will be: Passed if in order

☑ 77. What would be the action of central bank in recession?: create liquidity by decreasing CRR and lower the repo rate.

☑ 78. Ante dated cheque like cheque dated 15.12.07 is presented for payment on 1.1.08 whereas_____ the account was opened on 20.12.07 : Cheque should be passed

☑ 79. If amount in words and figures differ on a cheque and amount written in words is higher than the amount written in figures, then as per sec.18 of NI Act, which amount should be paid?: amount written in words

☑ 80. Nomination facility is not available in the case of : Trust A/c.

☑ 81. customer service Committee meeting held on :Monthly basis

☑ 82. A person wants to open a joint account with his wife in such a way that the account can be operated by him only during his lifetime and she should be able to operate the account only after his death. The account has to be opened with the instructions: 'Former or survivor

☑ 83. For wrong ful dishonour of the cheque the bank is liable to: the drawer of the cheque

☑ 84. Banks print cheque books having similar particulars. The format of cheque is prescribed by which Act : Not defined in any Act. It is as per practice. CTS 2010 advised by RBI

☑ 85. Which crossing takes away the feature of assumption of defective free title available to the transferee : Not negotiable crossing

☑ 86. Who is appointed to tackle public complaints against the public authorities : Ombudsman

☑ 87. The facility of nomination is not available to Trust account because it is account : Non-individual (facility of nomination is available only in the case of individual(s).

☑ 88. The true owner of a cheque has been deprived of his right by collection of the cheque for a different person. This is called Conversion

☑ 89. As per recent RBI/Govt. guidelines, pensioners can open account jointly with: spouse, to be operated as either or survivor or former or survivor.

☑ 90. While paying a bearer cheque, signatures are obtained on the back side of the cheque. Why ? : As evidence of payment

☑ 91. Whether Minor can nominate ? no. On his behalf nomination will be done by a person legally competent to act on his behalf.

☑ 92. Cheque is dated before date of its presentation is called: Antedated cheque

☑ 93. An endorsement inwhich endorser excludes his liability is called : sans recourse

☑ 94. When a company is financed against the security of hypothecation ormortgage of its movable property, the company is required to file particulars of charge with: Registrar of Companies

☑ 95. Who is called as Holder as per N I Act?: Who is entitled to possession of the instrument in his own name (actual possession is not necessary).

☑ 96. If a cheque is dishonoured due to insufficient funds, then as per section 138 of N I Act, court may award imprisonment up to: 2years

☑ 97. On the face of a cheque, the name of a bank is written without two parallel lines. This will amount to : special crossing

☑ 98. A/c payee crossing is defined in : it is not defined in any Act. It is as per practice

☑ 99. Nomination facility for deposit accounts is available under: 45ZA&45 ZB of the BR act

☑ 100. Maximum amount of deposit which a bank may ask while allowing locker facility to a customer: Advance rent for 3 years and locker breaking charges

☑ 101. Asolicitor has account in his name and in the name of his client.Garnishee order is received in the name of the solicitor.Whether the samewill be applicable in the name of client also: No because two accounts are not in the same right and same capacity.

☑ 102. Which of the following is not amaterial alteration? Changing bearer to order

☑ 103. A bill issued without consideration is called: Accomodation Bill

☑ 104. There is a joint account in the name ofA&B.Acheque is drawn byAbut the alteration in the amount is authenticated by B.Whether bank can pay the cheque: Yes provided the operation is either or survivor.

☑ 105. The term used for conversion or transfer of property derived from a criminal offense for the purpose of concealing, or disguising, the illicit origin of the property is called: Money laundering

☑ 106. In which of the following situations bank will not be a holder in due course?: When bank credits the account of the customer after receipt of funds on account of cheque sent for collection

☑ 107. The rate at which RBI rediscounts the usance bills of banks is called: Bank Rate

☑ 108. In the case of IPO, the company is required to allot shares ormake refund within: 30 days of the closure of the issue in case of fixed price public issues; 15 days in case of book built issues and 15 days in case of right issues

☑ 112. Bank can charge collection charges of not more than for_outstation cheques of Rs.10000 to Rs1 lac in saving bank:Rs.100

☑ 113. Which of the following cheques can not be paid by the bank? : A cheque on which signatures of drawer have been forged irrespective of the cleverness in forgery and though these appear to be same as that of the drawer.

☑ 114. FIU stands for : Financial Intelligence Unit (India)

☑ 115. Two cheques have been presented to you as paying banker.One is dated prior to opening the account and other is dated prior to issue of cheque book.What will you do as paying banker?: Both chequeswill be paid.

☑ 116. KYC and FIU in India are associated with: preventing money laundering

☑ 117. Articles of Association mentions: directors' powers

☑ 118. Garnishee order is not applicable on: (a)cash received after two hours of receipt of Garnishee order (b) amount received for safe custody (c) undrawn balances in cash credit accounts

☑ 119. A person having locker has expired. The nominee comes. A sealed cover is found. What will you do ? : It will be delivered to him as part of locker contents without opening the packet.

☑ 120. A bill was presented on 10.5.2005 and accepted on 12.5.2005. The bill was due for payment on 29.07.2005 and was returned. The last date for filing suit in this case is : 29.07.2008

☑ 121. A listed bank has to prepare and publish balance sheet on quarterly basis as per: SEBI guidelines

☑ 122. There are certain instruments defined as negotiable instruments under lawand certain instruments used as negotiable instruments as per practice.Which of the following is not a negotiable instrument as perNI Act: Dividend warrant

☑ 123. On repayment of_debt of a company, satisfaction of charge shbuld be filedwith ROCwithin: 30 days

☑ 124. A Trust Deed is silent about loans by the trust. The trustee approaches for a loan. Under these circumstances what should the bank do?: No loan can be raised

☑ 125. Which of the following un/under-stamped document can not be revalidated by paying penalty: None of these as all documents can be revalidated. (However, as per question Demand Promisory note cannot be revalidated).

☑ 126. A person of 65 years of age can not nominate which of the following persons: Trust

☑ 127. The aggregate limit for capital market exposure of a Bank is: 40 0/0 of net worth at the end of previous year

☑ 128. A minor approaches for a loan. Which type of loan can be given to him: loan can not be sanctioned
other than for necessities.

☑ 129. Which of the following does not match in banker/customer relation : Locker facility - Bailee/Bailor

☑ 130. Committee on Procedures and Performance Audit of Public Services (CPPAPS) was headed by: S.S. Tarapore

☑ 131. Customer service code has been mentioned in : Banking Codes and Standards Board of India.

☑ 132. Cheque received in clearing signed by whom will not be passed out of the following: signed by a person who has ' been declared insolvent.

☑ 133. Whether a customer can approach Ombudsman without first approaching the Bank : Approaching the bank first is a pre-condition.

☑ 134. In case a forged note is detected in the cash tendered at bank counter, what should the bank do?: The Note should be impounded and not returned to the tenderer.

☑ 135. If a guardian is appointed by court, minor will become major at the age of: 21 years

☑ 136. A Cheque with forged signatures is presented for payment and is paid. Bank will be liable to:Customer (Drawer of the cheque)

☑ 137. Protection is available to the collecting banker in case of : Crossed cheques

☑ 138. Which is not a General Crossing: Name of a bank written between two parallel lines

☑ 139. If time is not mentioned on a Bill of Exchange, it will be payable: on demand

☑ 140. In an account of Club with you, cheque has been been presented for payment signed by the secretary who has died. What should the bank do?: It will be paid if it not dated subsequent to date of death.

☑ 141. Garnishee order is applicable for: credit balance in OD and not for cheque sent for collection.

☑ 142. Bank Guarantees are issued as per provisions of : Indian Contract Act

☑ 143. cheque truncation means: converting physical cheque to electronic image and stopping physical flow of a paper cheque. 660_ Foreign currency paid to taxi driver, shop keeper, can be accepted by:Authorised persons.

☑ 144. A bank cannot acquire either as owner or as pledgee shares in a company more than:- As per Section 19 of the Banking Regulation Act 1949, no bank can hold more than 30% of the paid up capital of a company or 30% of its own paid up capital and reserves, whichever is less, whether it is a pledgee, absolute owner or as mortgagee

☑ 145. For formation of a company, Registrar of Companies will issue : certificate of incorporation

☑ 146. Co is in liquidation, funds are at the disposal of : Liquidator

☑ 147. Guardian appointed by will of the father is called: testamentary guardian

☑ 148. Which of the following documents does not constitute document of title to goods:Airway bill

☑ 149. DD can be revalidated within: any time (practice may differ In different banks)

☑ 150. Which crossing is a Special Crossing : Name of Bank is written in the cheque with or without parallel lines

☑ 151. Supervision of banks is done by RBI under which act: RBI Act / BR Act / Jilani Committee Report / NI Act: Banking RegulationAct

☑ 152. A minor is aged 15 years, who is illiterate. Which type of self operated a/c can be opened -SB/ RD /FD none

☑ 153. Which of the following can open SB a/c? State Electricity Board/ Indian Bank Association/Municipal corporation: Indian Bank Association.

☑ 154. In a Flying club, the Secretary&Treasurer are authorized to sign.ACheque is presented for payment across the counter. In between it has been informed that Secretary has died,what youwill do? :Will be paid, if otherwise inorder

☑ 155. Revival of limitation for recovery of a time barred loan is possible by: obtaining fresh promise to
pay under provisions of Indian Contract Act.
As per Supreme court decision,HUF cannot be a partner because:HUF is not a natural or legal person

☑ 156. As per Prevention of Money laundering Act, preservation of records relating to closed accounts upto: 5 yr from date of closure of account.

☑ 157. Banks can provide information about the customer to another Bank: General in nature, without any responsibility

☑ 158. Board of Directors want to borrow money in excess of paid up capital and reserves of the company: can be done through a resolution passed by shareholders in the general meeting

☑ 159. Other than a Bill of exchange or promissory note, the document which was executed abroad is required to be stamped on its arrival in India within: 3 months of its arrival

☑ 160. Administrator is appointed in case of: to realize assets and pay off liabilities of a person who has died without writing a will.

☑ 161. Under Ombudsman scheme, which type of case not entertained?: advocate representing the customer

☑ 162. Which of the following is not a valid cheque for payment by the bank-l)different ink & handwriting 2) cheque with prior date 3) cheque with impossible date 4) Mutilated cheque:- Mutilated cheque

☑ 163. The liability of the drawer of bills of exchange is prime till it is not accepted by the drawee after that prime liability becomes of Drawee.

☑ 164. Whether Pvt Ltd. Co. can be partnerwith Partnership Firm: Yes

☑ 165. Counterfeit note received at the counterwhat to be done?: Impound the currency note.

☑ 166. No noting on currency note, directions issued byRBI under section 35Aof BR Act.

☑ 167. Cross cheque can be paid at counter if presented by other bank.

☑ 168. Payments of a forged draft.Who will lodge FIR paying or collecting bank: Paying Bank.

☑ 169. Borrowing powers of board of directors are contained in: Articles of Association

☑ 170. Locker can be broken open after notice to the hirer if the same is not operated for:more than three years for mediur-n risk category or one year for a higher risk category, and the locker-hirer does not respond nor operates the locker.

☑ 171. If a complainant is not satisfied with the award or his complaint is rejected by the Banking ombudsmen, he can prefer an appeal to DeputyGovernor, RBIwithin: 30 days of the of the date of receipt of communication regarding award or rejection of the complaint.

☑ 172. In case ofwrongful dishonour of cheque, bank is liable to: account holder only

☑ 173. Who can seek information under.Right to InformationAct:Any citizen of India can ask for information

☑ 174. The Garnishee Order is applicable on the account of a customer when the relationship between banker customer is: Debtor & Creditor.

☑ 175. A private limited company with Registered office at Bangalore has raised loan from a branch located at Mumbai. For creating equitable mortgage, title deeds can be deposited at: Mumbai, Kolkatta, Chennal or any other notified place.

☑ 176. A cheque is presented for payment in which amount in figures is mentioned as Rs 10,000 where as the amount inwords is mentioned as Rs Ten lakh only. In terms of section 18 of the NI Act,what should the bank do?: The amount written in words should be paid.

☑ 177. When a letter is signed by the borrower and based on that letter bank delivers the document of title to goods to the borrower, such letter is called as: Trust Receipt

☑ 178. How much charges are charged in addition to normal collection charges and out of pocket expenses for providing instant credit facility for outstation cheques:Nil

☑ 179. A limited company has registered office at Chennai whereas loan has been raised from bank branch at Mumbai. The charge will be registered with the ROC at: Chennai

☑ 180. A partnership firm conducting business other than the banking business has more than 20 members as partners. Whether this is allowed?: Such association is called illegal association as per Companies Act

☑ 181. Under Prevention of Money Laundering Act, banks are required to send cash transaction report in respect of cash deposit or withdrawal of more than Rs 10 lakh in a month from one account within: 15 days from the close of the month.

☑ 182. Who is primarily liable on Bill of exchange which has been accepted?: Acceptor (Drawee) of the Bill.

☑ 183. A cheque crossed specially to a bank is presented by the same bank to paying bank for cash payment. What should the paying bank do? Bank can make cash payment.

☑ 184. Who can make nomination in the deposit account of a minor?: Guardian on behalf of the minor.

☑ 185. Who can be a nominee?: Only an individual

☑ 186. If a depositor dies, payment to nominee or legal heirs should be made within: 15 days of completion of formalities.

☑ 187. What is the relationship between bank and customer if he has left certain goods with the bank by mistake: Bank is trustee and Customer is beneficiary

☑ 188. Appeal against the award of the Banking Ombudsman can be made to Deputy Governor, RBI within days of the receipt of copy of award from the Ombudsman: 30 days

☑ 189. A cheque was dishonoured despite sufficient balance in the account. The bank will be liable to:Drawer of the cheque and not to the payee.

☑ 190. Maximum amount of fine under section 138 of N I Act for dishonour of cheque due to insufficient funds is: twice the amount of cheque.

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

☑ 192. On, other than a negotiable instrument, what is the time period for payment of stamp duty, if the ocument is executed outside India : 3 months

☑ 193. May I help you counter is to be provided by bank branches other than : Small branches

☑ 194. In case of a jointly operated joint account, the nominee can obtain payment, when : none of the account holder is alive

☑ 195. A bank branch receives a counterfeit note of Rs.500, which customer wants back. What the bank should do : Impound the currency note, but No credit of full amount to customer.(No credit to customer’s account is to be given for counterfeit notes) Master Circular DCM(FNVD)G - 4/16.01.05/2017-18 dated July 20, 2017

☑ 196. When rate of interest is expressed by adjusting the impact of inflation, this is called : Real rate of Interest

☑ 197. Banks can ask for deposit of advance rent on hiring a locker for a period up to : 3 years

☑ 198. The crossing on a cheque is required to be can celled.Who can do so: Drawer

Note: if any thing wrong answer correct yourself with revelvant RBI guide line

Jiaib legal recollected questions on 20.05.2019

Legal  recollected questions on 20 may 2019

1. 4-5 questions from mortgage
2. 2-3 questions from SARFAESI ACT 2002
3. Minimum qualifications to be a presiding officer of DRT
4. QUESTION ON FORGED CHEQUE.
5. NI ACT 131
6. MINIMUM AND MAXIMUM DIRECTOR IN A PUBLIC LTD COMPANY
7. WHICH LC ARE ANTICIPATORY LC
8. 2 QUESTIONS FROM BILL
9. REGISTRATION AUTHORITY OF RECONSTRUCTION COMPANY.
FEW MORE QUESTIONS FROM RECONSTRUCTION COMPANY
10. 2-3 QUESTIONS FROM LOK ADALAT

Jaiib legal Recollected questions posted by our members


2 2 marks questions in law of limitations
Indemnity 2 questions
Defn of it act
Consumer protection 2 q
Usufructuary 2 q
Simple mortgage 1 q
Pledge 3 questions
Drt / ombudsman/ consumer appointment

Maximum questions were from Module B and C , d
SARFAESI 5 QUESTIONS
Mortgage 5 Questions
Case laws relating to collection of paying and collecting bank
DRT 3 questions
Letter of credit 3 questions
Bank guarantee 4 questions
Partnership 4 questions
Audit reports 3 questions
Banking ombudsman 2 questions
Appointment of Director/additional director 2 questions
Presiding officer 2 questions

Questions asked today in Legal 11:15 am slot
Mortgage related 5 questions
Primary liability to pay in lc
chairman of nat . cons
Min amount to apply in drt
min qaulification to be presiding officer
Question related stale cheque ..can be paid on request of payee or not..
Alteration authenticated by ac holders wife ..can be paid or not.
Income tax notice to assessee under which sec of it act
Which income not defined under income in it act.pension, salary, capital gain,income from house rent
Who is chairman of natioal consumer comision
Drt applicated to-bank comp SBI rrb or all
Supply bill is related to?
Bill supported by document is called
Bill payable after certain period called
Financial statements must by signed and authorised by whom?
Assstment year for corporate entities
Presiding officer holds office till
Information can be sought by whom under RTI act
Max period of registration of charge with or without fine
Minor can be a member in Pvt Ltd public Ltd company?
One question related endorsement
Penalty under fema act.fine arrest or both
Min and max fine for delay in providing information
Max dura to provide information
Cond for being a drat chairman
Charge on laon against FD receipt.the customer in this case is
Pledge
Mortgage
Bra 1949 mainly deals with
Max period of limitation in case of bill of exchange and bond without due date
Questions on limitation act ..it's importance to banks
Questions on charge
Role of opening bank in lc
Regarding laon of limited company who will sign laon paper
Regarding loans to partnership firm
One resolution for how many directors
Banking use excess from reseres and surplus needs permission within??
Balance sheet should be signed by??
Vice chairman of board on fin supervision is elected by?
Minor to decide whether to be a partner within ???
Consequences of unreg partnership firm
All partner can check book of the firm
Liability in indemnity?
Arbitration is applicable in ??
Decision passed by ombudsman is called
Fraud cash withdrawal -ombd can deal or not?
Mortgage is defined in?
Charge on insurance is defined in?
Actionable claim??
Anyone require 15000 dollar for education purpose this is capital trans , cur trans?? acrd to fema
Relation in deposit of articles
Liability of gaurantor?
Which is considered good as security
-fdr receipt Debentures shares...
Object clause of moa
Art of asso related
Partner become insolvent bank should??
Partnership firm may be dissolved by
Director of bank can do his personal work along with his post ? allowed or not
In case of conversion.. protection will be given to
Sec 131 ni act
Which type of comp cant be raised with ombudsman
Peculinary amount in case of drt.
Equitable mortgage
Rights of seller
Right of indemnity holder when sued

Bus itna hi yaad hai ..
Hope it will be helpful for others..

Yesterday AFB exam recollected questions 17.11.2019

AFB - Recollected questions posted by our members 17.11.2019
1.who can open a current account
2.concept of conservatism
3.straight line method book value problem
4.kyc low risk medium and high risk
5.Gold loan ltv ratio
6.npv problems
7.a indian bank branch in foreign country quotes fe in 1US$=1rupee.
Whether it is a direct quote or indirect quote.
8.collection period denominator
9.collection period problem
10.matching concept
11.calculate capital.assets and liabilities given
12.adjustment entry
13.purchases account
14.coupon rate
15.bank reconciliation statement is prepared by whom a.auditor b.bank etc..
16.revenue receipt
17.promissory note is prepared by whom
18.publication of balance sheet
19.which is not a accounting ratio
Solvency,profitability, activity,etc
20.stock turnover ratio
21.types of company on ownership
22.journal
23.double entry system
24.functions of back office
25.operational manual is available in which of the following
Social media,banks website,internal portal
26.banking is defined as per which act
BRA,Rbi act..
27.small accounts.aggregate credits in a year
28.example of a debit voucher
29.example of credit voucher
30.inoperative account