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.
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:
65,000
38. CALCULATION OF INTEREST IN LOAN ACCOUNT: MONTHLY
39. CARE stands for : Credit Analysis & Research Ltd
40. Cash Budget method is used for sanctioning working capital limits to : Seasonal Industries
41. CC limit Rs 4 lacs. Stock 6 lacs. Margin 25% . What is drawing power? : NOTIONAL - 4.5 lacs, BUT
ACTUAL Rs. 4 LAC.
42. Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) is a
government company licensed under Section 25 of the Companies Act, has been incorporated to operate
and maintain the Central Registry under the provisions of _____: SARFAESI Act 2002.
43. CIBIL is the agency that provides information to the member banks on (i) Credit Rating (ii)
Information on credit History: Information on Credit History of borrowers
44. Contribution means : profit + fixed cost
45. Current Assets 600, Long Term sources - 600, Total Assests1000, what is NWC and Current Ratio: CR
1.5 : 1; NWC = 200 .
46. Current Liabilities are those liabilities which are to be paid: within one Year
47. Current Ratio = 2:1, Net working Capital=60000, What is the Current Liability of the firm? : 60000
48. Current ratio indicates: Liquidity of the firm (ability of a firm to pay current liabilities in time)
49. Current Ratio is 1.33:1, Current Assets is 100, what will be the amount of Current Liability: 75 lakhs
Compiled by Sanjay Kumar Trivedy, Divisional Manager, Canara Bank, Govt. Link Cell, Nagpur 138 | P a g e
50. Debt Equity Ratio indicates: Long term solvency or capital structure of the firm.
51. Debt Securitization refers to: Conversion of receivables into debt instruments.
52. Debt Service coverage ratio is used for: Sanction of Term Loans
53. Deferred Payment guarantee is: Financial Guarantee
54. Deferred payment guarantee issued by a bank is a : Contingent Liability.
55. Difference between Long Term Source and Long Term Use is called: Net Working capital.
56. DSCR indicates: Ability of firm to repay term loan instalments
57. DSCR is for evaluating: Term Loan repayment-surplus generating capacity.
58. Duty of confirming bank: Only to verify the genuineness of L/C.
59. Equitable Mortgage is created by deposit of title deeds with bank at – (a) any where in India; (b)
state capital; (c) only at Mumbai, Chennai or Kolkatta; (d) Any place notified by state government for this
purpose: Correct answer is (d).
60. Excess of current liability over current assets means the firm may face difficulties in meeting its
financial obligations in short term.
61. Expand CRILC: Central Repository of Information on large credits.
62. Expand IRR : Internal Rate of Return
63. Finance for construction of road and port is classified as: Infrastructure Finance.
64. For ascertaining that a firm will be able to generate sufficient profit to repay instalments of term
loan, which ratio is computed?: Debt Service Coverage Ratio
65. For assessing Fund Based Working Capital limit for MSME upto _______Turnover method is followed
under Nayak committee: Rs.5 crore.
66. For classification of assets in consortium accounts, which of the following is to be considered?: In
consortium accounts, each bank will classify the account as per its record of recovery.
67. For Takeover of accounts from other Banks, the account copies of all the borrower accounts with the
present bankers / financial institution shall be obtained at least for the last ______: 12 months.
68. Formation of consortium, when essential : When bank touches its exposure ceiling
69. Full form of DSCR: Debt Service coverage ratio;
70. Gold is pledged with bank as security for a Bank Guarantee by a borrower. Bank Guarantee stands
expired. Whether a temporary overdraft availed by the borrower which is overdue can be got adjusted by
selling the Gold held as security for issue of guarantee: Yes, because Bankers lien is a general lien and is
an implied pledge. Further, the Gold was deposited in the ordinary course of business.
71. Green field project is related to : setting up new projects
72. Guarantee issued by a bank in favour of Custom department that party will fulfill export obligation for
availing exemption from custom duty regarding tax. Such guarantee is called: Financial Guarantee
73. Guarantee issued by a bank which is still outstanding is shown in the Balance Sheet as: Contingent
Liability.
74. Guarantors Liability: Recall the a/c and cause demand against the borrower and guarantor. Balance
in guarantor's SB a/c cannot be appropriated directly.
75. Holiday period given for repayment of installements in a loan is termed as: Moratorium period
76. How DSCR is calculated?: (Profitafter tax + Depreciation + Interest on Term Loan) divided by (Annual
instalment of term loan+ interest on term loan)
77. How much additional risk weight has been provided on restructured loans?: 25%
78. Hypothecation can be converted to pledge by: taking possession with the consent of the borrower.
79. Hypothecation described under SARFEASI Act.
80. If a businessman start a business with a Capital investment of Rs.3,00,000/- and withdraw
Rs.25,000/- later. If Net Profit is Rs.1,20,000/- and income tax paid thereon is Rs.30,000/-, what is the
position of capital account (net worth) at the end of the year – 395000; 365000; 360000; nil:
Rs.3,65,000/-
81. If a LC contains a clause "about" regarding the amount and quantity of goods, how much tolerance is
permitted?: 10%
82. If current ratio is 2:1, net working capital is Rs 20,000, current asset will be: Rs 40,000
83. If debtors are Rs 4 lac, annual sale is 60 lac, what is the Debt collection period: 0.8 months
84. If Debtors velocity ratio increases, it means debt collection period has increased or sales have
decreased.
85. If documents are to be presented in about July month: these can be presented within 5 days before
or 5 days after.
86. If in a Guarantee issued is silent, what will be the limitation period: 3 yrs and in case of Govt
guarantee it is 30 years.
87. If in a LC words around is written with date then variation of is allowed in the period: +/- 5 calendar
days
88. If limit is 3 lacs, margin is 25% what should be stock to avail full limit?: Rs4 lac
89. If on a letter of credit it is not mentioned whether it is revocable or irrevocable, then as UCPDC 600, it
will be treated as : Irrevocable LC
90. If on a Letter of Credit, date is mentioned as "end of the month", then as per UCPDC 600, it will
mean: 21st to last day of the month.
91. If stock statement is not submitted for 3 months from its due date and DP is allowed on the basis of
old stock report, then the account will be considered NPA after:90 days
92. If the projected sale of a-small (manufacturing) enterprise is Rs 80 lakh, margin available with the
borrower is Rs 4 lakh, then as per turnover method, working capital limit will be: Rs 16 lakh.
93. If working capital limit to a borrower is Rs 10 crore and above, then as per RBI guidelines, the loan
component should be at least: as per bank's discretion.(earlier it used to be 80%).
94. In a company, the registration of charges is required for: a)loan against FD b)lien on Govt Securities
c) assignment of Book Debts d) lien on Shares : Book Debts
95. In A current account OD of Rs. 12000 is made. The FDR has become due later on if the right of
appropriation can be used. The borrower has objected that he never requested for overdraft, hence
payment can not be appropriated. The customer is right.
96. In a letter of credit, it is written that documents can be negotiated about 30th June. In this case, the
documents can be negotiated: Before or after 5 clays of 30th June.
97. In case of a loan under consortium, each bank can have Maximum working capital limit of Rs-No
rule in this regard. Rules of consortium to be framed by members of consortium.
98. In case of loan given by more than one bank under a consortium, how the asset classification is done
by various banks?: Each bank will classify the account based on its record of recovery.
99. In case of revaluation of fixed assets, what percentage of revaluation reserve will be added to Tier
II capital of the bank?: 45%
100. In Letter Of Credit jmporter is called: Opener of Letter of Credit
101. In project finance, Debt Equity Ratio requirement for other than Infrastructure finance is: 2:1
102. In respect of a project report, the feasibility which is given least importance by the preparers of the
report, but very important for a banker is : a) Commercial b) Technical c) economic d) financial Ans: C
103. In the Balance Sheet of a bank, Contingent Liabilities are shown as: footnote to the Balance Sheet.
104. In the case of advance to a limited company for purchase of vehicle, the charge is registered with
Regional Transport Authority in addition to registration of charge with. Registrar of Companies. Why this is
done?:So that borrower can not sell the vehicle without intimation to the bank
105. Interest rate on advances is related to – Bank rate; Base Rate; PLR: MCLR Rate
106. Limit sanctioned Rs 5 lac; Stock Rs 6 lac; Margin 25%; What will be Drawing power: Rs 4.5 lac
107. Loan Delivery System is not applicable to: a) Loan to Soft ware industry b) export credit: export
credit
108. Loan Delivery System suggested by Rashid Mani Committee is applicable on borrowers with working
capital limits of: Rs 10 crore and above
109. Loan is in the name of A&B. Both have signed documents. A signs the Balance Confirmation but B
does not. In this case limitation will extend against: both
110. Lorry Receipts issued by Transport Operators approved by IBA are preferred. The reason is the
Transport Operators will take care of: Carriers Risk.
111. Stand by LC is just like : Financial guarantee (A guarantee of payment issued by a bank on behalf of a
client that is used as "payment of last resort" should the client fail to fulfill a contractual commitment with
a third party. Standby letters of credit are created as a sign of good faith in business transactions, and are
proof of a buyer's credit quality and repayment abilities)
112. Standard Score under CIBIL: 300 to 900
113. Stock Audit is required in respect of loans of : Rs.1.00 crore & above
114. Subordinate Debt is shown as part of in the Balance Sheet of a bank: Other Liabilities and
Provisions
115. Tangible Net Worth (TNW) is calculated as: Total paid up capital + Reserves – Intangible Assets.
116. The appraisal of deferred payment guarantee is similar to term loan: The difference is outlay of funds.
117. THE APPRAISAL OF DEFERRED PAYMENT GUARANTEE IS SIMILAR TO: TERM LOAN
118. The Audited Balance sheet for the latest financial year is to be obtained within ______ to finalise
credit rating and re-fix interest accordingly: 6 months.
119. The Bank did not disclose all material facts regarding loan to the guarantor while obtaining
guarantee. Can guarantor escape liability?: Guarantor cannot escape from his liability as it is not
necessary to disclose all the materials facts with regards to the loan.
120. The Borrower has to bring funds as his contribution for loan from: Long term Sources
121. The charge on stocks is created by: Hypothecation ( also by pledge or lien)
122. The concept of Base Rate is not applicable in the case of: Loan against Bank’s own deposit
123. The limitations of financial statements are : only quantitative not qualitative.
124. The long term liability to tangible net worth ratio implies : Long term solvency of the firm .
125. The main distinction between Hypothecation and Pledge is on accountof : Possession
126. The Meaning of Debtor Velocity Ratio is: Cycle of Debt Collection Period
127. The procedure used for ascertaining Customers Credit worth is called: Credit Rating
128. Time Limit for registration of equitable mortgage with CERSAI: 30 days from date of deposit of
title deeds. (Normally 30days and then delay can be condoned up to 30days on payment of penalty).
129. To improve Current Ratio of 2:1, what has to be done? a) Recover cash from Receivables b) Cash
sales c) Decrease the Bills payables.
130. Total Indebtedness Ratio is represented by: Total outside liabilities divided by Tangible Net Worth
131. What is "pari passu" means: Sharing in the ratio of outstanding.
132. What is a Break even point-The level of sales at which a firm does not earn any profit and does not
incur any loss.
133. What is cash loss : net loss before depreciation (Net loss minus depreciation)
134. What is Deffered Payment Guarantee?: Guarantee issued when payment by applicant of
guarantee is to be made in instalments over a period of time.
135. What is Mortgage? Transfer of interest in specific immovable property to secure an existing
or future debt.
136. What is nature of Banker's Lien?: It is implied pledge because Banker can dispose-off the goods after
giving notice to the borrower.
137. What is Pari Passu charge?: In case of consortium advance sale proceeds of security will be
shared among banks in proportion to their outstanding.
138. What is Real Rate of Interest?: Prevailing interest rate minus inflation rate
139. What is the meaning of Group in Exposure Norms: Commonality of management & Effective Control
140. What is the relationship between bank and customers in case of overdraft?: Creditor and Debtor
141. What is the risk weight for Personal Loans? 125%
142. What is the risk weight for Unrated companies?: 100%
143. What is the type of liability for the bank on account of issue of Bank Guarantee?: Contingent Liability
144. What type of bank gaurentee bank gives when a customer purchases a machine on instalment basis?:
Deferred Payment guarantee.
145. What type of Guarantee is Deffered Payment Guarantee: Financial Guarantee
146. What type of liability is represented by Bank Guarantee?: Contingent Liability and shown as a
footnote in the Balance Sheet.
147. What will be the tangible net worth if total assets are Rs 35 crore; total outside liability Rs 30 crore;
intangible assets Rs 3 crore: Rs 2 crore
148. What will happen in case of negative working capital limit: Current Liabilities are more than
Current Assets
149. Which is not a Credit Rating Agency – CRISIL, CARE, SMERA, ICRA, CIBIL: CIBIL
150. Which is not found in operating expenses statement of P&L statement - Salaries, Rent, Power: Power
151. Which is not included in Contingent liability – Bank Guarantee; Letter of Credit; Forward Contract;
Bills Payable: Bills payable
152. Which of the following is a contingent liability – deposits, borrowings, capital, guarantee: Bank
Guarantee
153. Which of the following is a Credit Information company – CIBIL, FIMDA, AMFI, CRISIL: CRISIL
154. Which of the following is part of the Solvency Ratios: debt equity ratio.
155. Which of the following represent Debt Service Coverage Ratio: (Net Profit after tax + Depreciation
+ Interest on Term loan) divided by (Annual instalment of term loan + interest on term loan)
156. Which of the items will not be an asset in banks bal sheet: Advances/Fixed Asset / Deposits :
Deposits
157. Which one of following is credit information company?: Equifax
158. Which system replaced Benchmark Prime Lending rate in banks: Base Rate
159. While arriving Drawing Power for financing against book debts, only Book Debts _____and below are
to be taken in to consideration. (other than MSME advances): 90 days
160. While doing Project Appraisal, sensitivity analysis is useful for: Viability and sustainability of project.
161. While financing for TL, Bank should look for the ability of the firm to generate the income to service
the debt
162. While granting loans to a partnership, banks generally insist that the firm should be registered
whereas registration of a partnership firm is optional. What is the reason for the same?: An
unregistered firm can not sue its debtors for recovery of its dues whereas other can sue the
firm for recovery of their dues
163. While undertaking technical appraisal, the following is not considered: cost of production and sales (it
is used for economic viability).
164. Who is bound to file particulars of charge with the Registrar of Companies under MCA 21, when a
company creates charge of somebody on its movable or immovable property except by way of
pledge?: officials of the company.
165. Why banks do not grant loan to a minor?: A minor is not competent to contract Therefore, Ioan given
to a minor can not be recovered.
166. Why banks ensure that charge created on any asset of the company should be registered with ROC
within stipulated period?: If charge is not registered, bank will become unsecured creditor.
167. Why banks prefer financing of bills?: because the advance is self liquidating
168. Why fund flow statement is taken from the borrower?: To know sources from where funds have been
raised and how funds have been utilized and to know changes in net working capital position.
169. Why loan against Partly Paid Shares are not preferred by banks?: Because partly paid shares
represent contingent liability. In case company makes demand and the borrower does not pay the
amount then the bank will have to pay the amount otherwise share may be forfeited. Moreover it is
prohibited by RBI
170. 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
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
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 .
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:
65,000
38. CALCULATION OF INTEREST IN LOAN ACCOUNT: MONTHLY
39. CARE stands for : Credit Analysis & Research Ltd
40. Cash Budget method is used for sanctioning working capital limits to : Seasonal Industries
41. CC limit Rs 4 lacs. Stock 6 lacs. Margin 25% . What is drawing power? : NOTIONAL - 4.5 lacs, BUT
ACTUAL Rs. 4 LAC.
42. Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) is a
government company licensed under Section 25 of the Companies Act, has been incorporated to operate
and maintain the Central Registry under the provisions of _____: SARFAESI Act 2002.
43. CIBIL is the agency that provides information to the member banks on (i) Credit Rating (ii)
Information on credit History: Information on Credit History of borrowers
44. Contribution means : profit + fixed cost
45. Current Assets 600, Long Term sources - 600, Total Assests1000, what is NWC and Current Ratio: CR
1.5 : 1; NWC = 200 .
46. Current Liabilities are those liabilities which are to be paid: within one Year
47. Current Ratio = 2:1, Net working Capital=60000, What is the Current Liability of the firm? : 60000
48. Current ratio indicates: Liquidity of the firm (ability of a firm to pay current liabilities in time)
49. Current Ratio is 1.33:1, Current Assets is 100, what will be the amount of Current Liability: 75 lakhs
Compiled by Sanjay Kumar Trivedy, Divisional Manager, Canara Bank, Govt. Link Cell, Nagpur 138 | P a g e
50. Debt Equity Ratio indicates: Long term solvency or capital structure of the firm.
51. Debt Securitization refers to: Conversion of receivables into debt instruments.
52. Debt Service coverage ratio is used for: Sanction of Term Loans
53. Deferred Payment guarantee is: Financial Guarantee
54. Deferred payment guarantee issued by a bank is a : Contingent Liability.
55. Difference between Long Term Source and Long Term Use is called: Net Working capital.
56. DSCR indicates: Ability of firm to repay term loan instalments
57. DSCR is for evaluating: Term Loan repayment-surplus generating capacity.
58. Duty of confirming bank: Only to verify the genuineness of L/C.
59. Equitable Mortgage is created by deposit of title deeds with bank at – (a) any where in India; (b)
state capital; (c) only at Mumbai, Chennai or Kolkatta; (d) Any place notified by state government for this
purpose: Correct answer is (d).
60. Excess of current liability over current assets means the firm may face difficulties in meeting its
financial obligations in short term.
61. Expand CRILC: Central Repository of Information on large credits.
62. Expand IRR : Internal Rate of Return
63. Finance for construction of road and port is classified as: Infrastructure Finance.
64. For ascertaining that a firm will be able to generate sufficient profit to repay instalments of term
loan, which ratio is computed?: Debt Service Coverage Ratio
65. For assessing Fund Based Working Capital limit for MSME upto _______Turnover method is followed
under Nayak committee: Rs.5 crore.
66. For classification of assets in consortium accounts, which of the following is to be considered?: In
consortium accounts, each bank will classify the account as per its record of recovery.
67. For Takeover of accounts from other Banks, the account copies of all the borrower accounts with the
present bankers / financial institution shall be obtained at least for the last ______: 12 months.
68. Formation of consortium, when essential : When bank touches its exposure ceiling
69. Full form of DSCR: Debt Service coverage ratio;
70. Gold is pledged with bank as security for a Bank Guarantee by a borrower. Bank Guarantee stands
expired. Whether a temporary overdraft availed by the borrower which is overdue can be got adjusted by
selling the Gold held as security for issue of guarantee: Yes, because Bankers lien is a general lien and is
an implied pledge. Further, the Gold was deposited in the ordinary course of business.
71. Green field project is related to : setting up new projects
72. Guarantee issued by a bank in favour of Custom department that party will fulfill export obligation for
availing exemption from custom duty regarding tax. Such guarantee is called: Financial Guarantee
73. Guarantee issued by a bank which is still outstanding is shown in the Balance Sheet as: Contingent
Liability.
74. Guarantors Liability: Recall the a/c and cause demand against the borrower and guarantor. Balance
in guarantor's SB a/c cannot be appropriated directly.
75. Holiday period given for repayment of installements in a loan is termed as: Moratorium period
76. How DSCR is calculated?: (Profitafter tax + Depreciation + Interest on Term Loan) divided by (Annual
instalment of term loan+ interest on term loan)
77. How much additional risk weight has been provided on restructured loans?: 25%
78. Hypothecation can be converted to pledge by: taking possession with the consent of the borrower.
79. Hypothecation described under SARFEASI Act.
80. If a businessman start a business with a Capital investment of Rs.3,00,000/- and withdraw
Rs.25,000/- later. If Net Profit is Rs.1,20,000/- and income tax paid thereon is Rs.30,000/-, what is the
position of capital account (net worth) at the end of the year – 395000; 365000; 360000; nil:
Rs.3,65,000/-
81. If a LC contains a clause "about" regarding the amount and quantity of goods, how much tolerance is
permitted?: 10%
82. If current ratio is 2:1, net working capital is Rs 20,000, current asset will be: Rs 40,000
83. If debtors are Rs 4 lac, annual sale is 60 lac, what is the Debt collection period: 0.8 months
84. If Debtors velocity ratio increases, it means debt collection period has increased or sales have
decreased.
85. If documents are to be presented in about July month: these can be presented within 5 days before
or 5 days after.
86. If in a Guarantee issued is silent, what will be the limitation period: 3 yrs and in case of Govt
guarantee it is 30 years.
87. If in a LC words around is written with date then variation of is allowed in the period: +/- 5 calendar
days
88. If limit is 3 lacs, margin is 25% what should be stock to avail full limit?: Rs4 lac
89. If on a letter of credit it is not mentioned whether it is revocable or irrevocable, then as UCPDC 600, it
will be treated as : Irrevocable LC
90. If on a Letter of Credit, date is mentioned as "end of the month", then as per UCPDC 600, it will
mean: 21st to last day of the month.
91. If stock statement is not submitted for 3 months from its due date and DP is allowed on the basis of
old stock report, then the account will be considered NPA after:90 days
92. If the projected sale of a-small (manufacturing) enterprise is Rs 80 lakh, margin available with the
borrower is Rs 4 lakh, then as per turnover method, working capital limit will be: Rs 16 lakh.
93. If working capital limit to a borrower is Rs 10 crore and above, then as per RBI guidelines, the loan
component should be at least: as per bank's discretion.(earlier it used to be 80%).
94. In a company, the registration of charges is required for: a)loan against FD b)lien on Govt Securities
c) assignment of Book Debts d) lien on Shares : Book Debts
95. In A current account OD of Rs. 12000 is made. The FDR has become due later on if the right of
appropriation can be used. The borrower has objected that he never requested for overdraft, hence
payment can not be appropriated. The customer is right.
96. In a letter of credit, it is written that documents can be negotiated about 30th June. In this case, the
documents can be negotiated: Before or after 5 clays of 30th June.
97. In case of a loan under consortium, each bank can have Maximum working capital limit of Rs-No
rule in this regard. Rules of consortium to be framed by members of consortium.
98. In case of loan given by more than one bank under a consortium, how the asset classification is done
by various banks?: Each bank will classify the account based on its record of recovery.
99. In case of revaluation of fixed assets, what percentage of revaluation reserve will be added to Tier
II capital of the bank?: 45%
100. In Letter Of Credit jmporter is called: Opener of Letter of Credit
101. In project finance, Debt Equity Ratio requirement for other than Infrastructure finance is: 2:1
102. In respect of a project report, the feasibility which is given least importance by the preparers of the
report, but very important for a banker is : a) Commercial b) Technical c) economic d) financial Ans: C
103. In the Balance Sheet of a bank, Contingent Liabilities are shown as: footnote to the Balance Sheet.
104. In the case of advance to a limited company for purchase of vehicle, the charge is registered with
Regional Transport Authority in addition to registration of charge with. Registrar of Companies. Why this is
done?:So that borrower can not sell the vehicle without intimation to the bank
105. Interest rate on advances is related to – Bank rate; Base Rate; PLR: MCLR Rate
106. Limit sanctioned Rs 5 lac; Stock Rs 6 lac; Margin 25%; What will be Drawing power: Rs 4.5 lac
107. Loan Delivery System is not applicable to: a) Loan to Soft ware industry b) export credit: export
credit
108. Loan Delivery System suggested by Rashid Mani Committee is applicable on borrowers with working
capital limits of: Rs 10 crore and above
109. Loan is in the name of A&B. Both have signed documents. A signs the Balance Confirmation but B
does not. In this case limitation will extend against: both
110. Lorry Receipts issued by Transport Operators approved by IBA are preferred. The reason is the
Transport Operators will take care of: Carriers Risk.
111. Stand by LC is just like : Financial guarantee (A guarantee of payment issued by a bank on behalf of a
client that is used as "payment of last resort" should the client fail to fulfill a contractual commitment with
a third party. Standby letters of credit are created as a sign of good faith in business transactions, and are
proof of a buyer's credit quality and repayment abilities)
112. Standard Score under CIBIL: 300 to 900
113. Stock Audit is required in respect of loans of : Rs.1.00 crore & above
114. Subordinate Debt is shown as part of in the Balance Sheet of a bank: Other Liabilities and
Provisions
115. Tangible Net Worth (TNW) is calculated as: Total paid up capital + Reserves – Intangible Assets.
116. The appraisal of deferred payment guarantee is similar to term loan: The difference is outlay of funds.
117. THE APPRAISAL OF DEFERRED PAYMENT GUARANTEE IS SIMILAR TO: TERM LOAN
118. The Audited Balance sheet for the latest financial year is to be obtained within ______ to finalise
credit rating and re-fix interest accordingly: 6 months.
119. The Bank did not disclose all material facts regarding loan to the guarantor while obtaining
guarantee. Can guarantor escape liability?: Guarantor cannot escape from his liability as it is not
necessary to disclose all the materials facts with regards to the loan.
120. The Borrower has to bring funds as his contribution for loan from: Long term Sources
121. The charge on stocks is created by: Hypothecation ( also by pledge or lien)
122. The concept of Base Rate is not applicable in the case of: Loan against Bank’s own deposit
123. The limitations of financial statements are : only quantitative not qualitative.
124. The long term liability to tangible net worth ratio implies : Long term solvency of the firm .
125. The main distinction between Hypothecation and Pledge is on accountof : Possession
126. The Meaning of Debtor Velocity Ratio is: Cycle of Debt Collection Period
127. The procedure used for ascertaining Customers Credit worth is called: Credit Rating
128. Time Limit for registration of equitable mortgage with CERSAI: 30 days from date of deposit of
title deeds. (Normally 30days and then delay can be condoned up to 30days on payment of penalty).
129. To improve Current Ratio of 2:1, what has to be done? a) Recover cash from Receivables b) Cash
sales c) Decrease the Bills payables.
130. Total Indebtedness Ratio is represented by: Total outside liabilities divided by Tangible Net Worth
131. What is "pari passu" means: Sharing in the ratio of outstanding.
132. What is a Break even point-The level of sales at which a firm does not earn any profit and does not
incur any loss.
133. What is cash loss : net loss before depreciation (Net loss minus depreciation)
134. What is Deffered Payment Guarantee?: Guarantee issued when payment by applicant of
guarantee is to be made in instalments over a period of time.
135. What is Mortgage? Transfer of interest in specific immovable property to secure an existing
or future debt.
136. What is nature of Banker's Lien?: It is implied pledge because Banker can dispose-off the goods after
giving notice to the borrower.
137. What is Pari Passu charge?: In case of consortium advance sale proceeds of security will be
shared among banks in proportion to their outstanding.
138. What is Real Rate of Interest?: Prevailing interest rate minus inflation rate
139. What is the meaning of Group in Exposure Norms: Commonality of management & Effective Control
140. What is the relationship between bank and customers in case of overdraft?: Creditor and Debtor
141. What is the risk weight for Personal Loans? 125%
142. What is the risk weight for Unrated companies?: 100%
143. What is the type of liability for the bank on account of issue of Bank Guarantee?: Contingent Liability
144. What type of bank gaurentee bank gives when a customer purchases a machine on instalment basis?:
Deferred Payment guarantee.
145. What type of Guarantee is Deffered Payment Guarantee: Financial Guarantee
146. What type of liability is represented by Bank Guarantee?: Contingent Liability and shown as a
footnote in the Balance Sheet.
147. What will be the tangible net worth if total assets are Rs 35 crore; total outside liability Rs 30 crore;
intangible assets Rs 3 crore: Rs 2 crore
148. What will happen in case of negative working capital limit: Current Liabilities are more than
Current Assets
149. Which is not a Credit Rating Agency – CRISIL, CARE, SMERA, ICRA, CIBIL: CIBIL
150. Which is not found in operating expenses statement of P&L statement - Salaries, Rent, Power: Power
151. Which is not included in Contingent liability – Bank Guarantee; Letter of Credit; Forward Contract;
Bills Payable: Bills payable
152. Which of the following is a contingent liability – deposits, borrowings, capital, guarantee: Bank
Guarantee
153. Which of the following is a Credit Information company – CIBIL, FIMDA, AMFI, CRISIL: CRISIL
154. Which of the following is part of the Solvency Ratios: debt equity ratio.
155. Which of the following represent Debt Service Coverage Ratio: (Net Profit after tax + Depreciation
+ Interest on Term loan) divided by (Annual instalment of term loan + interest on term loan)
156. Which of the items will not be an asset in banks bal sheet: Advances/Fixed Asset / Deposits :
Deposits
157. Which one of following is credit information company?: Equifax
158. Which system replaced Benchmark Prime Lending rate in banks: Base Rate
159. While arriving Drawing Power for financing against book debts, only Book Debts _____and below are
to be taken in to consideration. (other than MSME advances): 90 days
160. While doing Project Appraisal, sensitivity analysis is useful for: Viability and sustainability of project.
161. While financing for TL, Bank should look for the ability of the firm to generate the income to service
the debt
162. While granting loans to a partnership, banks generally insist that the firm should be registered
whereas registration of a partnership firm is optional. What is the reason for the same?: An
unregistered firm can not sue its debtors for recovery of its dues whereas other can sue the
firm for recovery of their dues
163. While undertaking technical appraisal, the following is not considered: cost of production and sales (it
is used for economic viability).
164. Who is bound to file particulars of charge with the Registrar of Companies under MCA 21, when a
company creates charge of somebody on its movable or immovable property except by way of
pledge?: officials of the company.
165. Why banks do not grant loan to a minor?: A minor is not competent to contract Therefore, Ioan given
to a minor can not be recovered.
166. Why banks ensure that charge created on any asset of the company should be registered with ROC
within stipulated period?: If charge is not registered, bank will become unsecured creditor.
167. Why banks prefer financing of bills?: because the advance is self liquidating
168. Why fund flow statement is taken from the borrower?: To know sources from where funds have been
raised and how funds have been utilized and to know changes in net working capital position.
169. Why loan against Partly Paid Shares are not preferred by banks?: Because partly paid shares
represent contingent liability. In case company makes demand and the borrower does not pay the
amount then the bank will have to pay the amount otherwise share may be forfeited. Moreover it is
prohibited by RBI
170. 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
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
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