IIBF NISM ADDA /MOODY’S/NIBM /NCFM Certifications /JAIIB/CAIIB/ Capacity Building CoursesCCP/CTP/Forex/ Risk DISA/CISA/CFP/CFA/MFD/SP/CIF
IDS..operators in SQL..steps involved in data warehouse..BCP..smart cards
Defence in depth
Chapter 6 of it act
Caat
Data about data
Section 46 of it act
Responsibility of database administrator
What is intellectual property
IPsec
Certifying authority related questions
Digital signature related questions
Electronic form
These are some of the recalled questions from information system banker
CCP RECALLED QUESTIONS
5 QUESTIONS FROM IRR AND NPV
5 QUESTIONS FROM BREAK EVEN POINT
4 QUESTIONS FROM RATION ANALYSIS
5 QUESTIONS WC CALCULATION
MSME REHABILITATION
5 QUESTIONS PRIORITY SECTOR PSLV
5 QUESTIONS FROM BANK GUARANTEE
5 CALCULATION OF LC LIMIT
3 QUESTION OF CO-ACCEPTANCE
TYPES OF MORTGAGE
MINOR
4 RATION ANALYSIS
5 QUESTIONS TERM LOAN CALCULATION
TYPE OF LC
DEFERRED PAYMENT GUARANTEE
DIFFERENCE BETWEEN SYNDICATION AND CONSORTIUM
EDUCATION LOAN MORATORIUM
HBL LTV
RETAIL LOAN 3 QUESTIONS
CASH FLOW THEORY
1 QUESTION FROM LIMITATION
Ten Mistakes to avoid while preparing for CAIIB exam
1.Not allocating sufficient amount of Study time daily:
This is a very common mistake done by many CAIIB aspirants, Cramming the information before the night of the exam or before two days may helped you in JAIIB examination (Although it is a wrong way of preparation). But here in CAIIB examination it won’t help you to even score thirty marks. A thorough understanding of concepts are needed for almost all topics so having a daily study routine is must for all aspirants.
I know it is very tough to find time during our busy banking hours. If you don’t have time for continuous 2 hrs then split the study hours into three or four sessions of 30 to 40 minutes a day. Since syllabus of CAIIB subjects cover many topics; In depth understanding of each topic is also needed to answer questions that test our knowledge, analytical skills and problem solving skills. So daily allocating sufficient amount of study time is necessary.
2.Not having clear focus on optional paper:
Selecting the correct optional paper and having clear focus on it, is must for successful completion of CAIIB exam. Although the Retail banking and Financial Banking are easy papers to clear, You need choose your optional paper based on your knowledge, interested areas in banking and career development. Don’t follow others recommendation for optional paper blindly. You have to analyse and decide your optional paper.
Remember CAIIB is not only for increments; it also provides many useful theoretical knowledge in different areas of banking.
3.Not learning the basic concepts:
Every topic of a subject has basic and fundamental concepts to be learnt by heart. Learning them thoroughly makes us to understand the more complex concepts. Complex concepts are nothing but complex combination of simple and basic concepts. We should have studied the fun1damental concepts in JAIIB (who knows it now ;P ;)). If not revise it then and there when it is required.
To learn the fundamental concepts of economy, business maths, accountancy you can refer more books from your commerce background friends. Remember learning complex concepts won’t be useful if you don’t understand the fundamental concepts behind them.
4.Not understanding and giving importance to syllabus:
In any examination if we want to pass that exam we should thoroughly understand the syllabus first. Because understanding the syllabus will give us a clear picture of what we are going to learn. We also get some insights about the subject. It also helps us to have an idea whether we are familiar with that topic or not. This will help you to assess the complexity of the subject and how much time you need to spend with a topic.
Give importance to syllabus helps to choose the right books for our preparation. Because there are materials that doesn’t cover the full syllabus (only the main areas of the syllabus) are available free in many study groups and websites. Aspirants who doesn’t aware of syllabus simply read those material and attend the exam.
5.Not having a preparation strategy and study plan
This is a common mistake many aspirants do, thinking there is no necessary for planning your study. They even think it is a waste of time. Whatever excuses we give, having a preparation strategy and study plan is must for any type of exam. It will help us to be goal oriented and stay focused of our target. If you do your targeted studies every day, it will make you motivated. As your progress through your schedule you will feel relaxed and your stress level for exam is reduced.
Creating a schedule will hardly take one to two hours of your time. While creating a schedule of your own you will also analyse the syllabus. There are many benefits can be pointed for having a good study plan. Though the initial effort may look too much; But the benefits are fruitful and long-lasting.
6.Not taking effective notes while studying itself
Many aspirants not even consider taking notes is a part of study. While studying if you take notes you will give importance to details. Giving importance to details will make you to ask more questions and to find short answers for it. This enhances your understanding about the topic. It also makes you to break down the contents of your learning in an easy way. Therefore your memory increases and whenever you see the notes you can recollect the content.
Thus taking notes helps you for better and easy revision. I know it is time consuming but once you are familiarised, it will be easy for you to take notes. Because your eyes can spot the important detail easily; Your mind organise them with an analogy for easy remembranc
7.Not solving and practising mathematical problem
Unlike JAIIB, here calculations, formulas and case studies are very important. You definitely need to solve all the problems in your study materials and work books you got. Don’t simply study a formula using one example of a problem related to it. Change the parameters and create problem of your own then solve it. By doing so, you will learn about importance of each parameter of the formul
Practice, Practice, Practice!!!!!. There is no replacement for practising when solving problems, case studies and balance sheet analysis. When solving problems related to Balance sheet also use the same method as described above. There by we can improve our problem solving skills and analytical skil
8.Not revising the topics regularl
Many aspirants ignore the importance of revising, stating there is no time for revising. If you are not making study plan you will not even find time to complete the syllabus. So no excuses, use your notes to revise the topic at regular intervals. For example every Sunday spare 20 to 30 minutes for revising, in addition to your study tim
“Revise little but often” is the key strategy. Repeated revision make you feel bored and gives a feeling “Ahh!!! I know it. Don’t need to study”. But it makes you to master a topic; If five questions are asked from a single topic for knowledge testing; You can answer all, with 100% accuracy.
9.Not learning from the mistake
The biggest and costliest thing is learning from your mistake. If you have failed in an attempt, accept the failure and analyse where you lacked. When I say accept your failure that doesn’t mean to blame yourself. It means asking yourself questions related to find the cause of the failure. What is the main reason for non completion of the syllabus? In which topic i should improve my knowledge? etc,. How can I improve my reading ability furthe
The answer to the questions should not be too general. It should be specific to spot your weakness. When you find your weakness please work on it. Nobody is perfect in the universe; So find your weakness and mistakes; Try to rectify it before your next attemp
10.Not using the technology for proper and effective preparation of exa
Because of the technology we can study anything from anywhere. So use your mobile, internet, websites, facebook communities,forums and blogs etc,.You can get any information from internet in just a single click or a single press of your finger. I am not saying you to depend on them but to use them as effectively as possible. So do your search whatever you feel useful subscribe to the
Also many websites offering free mock test use them to test your knowledge. While giving mock test take it as serious as an exam. Then only you can know your time management under pressure and boosts your confidence..
All in one ....Very useful for promotion exams and to enhance knowledge
1. Under SARFAESI a notice of days is to be given to the borrower in writing to discharge his liability in fulfilling which the secured
creditor shall exercise his rights under Section 13 (4): 60 days
2. Loan up to Rs. for Agro and Food Processing Units
for Priority Sector lending classification: Rs. 100 cr from banking system.
3. In the case of CGTMSE, every amount recovered by the bank and due to be paid to the Trust shall be paid without delay, and if any
amount due to the Trust remains unpaid beyond a period of 30 days from the date on which it was first recovered, interest shall be
payable to the Trust by the lending institution at the rate of: 4% above Bank Rate for the period for which payment remains
outstanding after the expiry of the said period of 30 days.
4. As per KYC norms of RBI, the officially valid documents for limited purpose of small deposit account, the utility bill not older than: 2
months.
5. Under KYC, in case of a body of individual persons, the beneficial owner is a natural person, who, whether acting alone or together, or
through one or more juridical person, exercises control through ownership or who ultimately has a controlling ownership interest of :
15%.
6. Under RBI guidelines, a bank can withdraw cheque book facility to a customer who repeats a bounce offence of cheques of Rs.1 cr
and above each, on more than four times: ( Now Banks to frame its own Board Approved Policy)
7. Under Section 140 of N.I. Act: No excuse is available to the drawer from prosecution if he had no reason to believe when he
issued the cheque that it may be dishonoured on its presentation.
8. Noting is the process when the holder may cause the dishonour to be noted by a notary public when a promissory note or Bill of
exchange (B/E) has been dishonoured by nonacceptance or non-payment. Purpose of noting in case of dishonor of B/E: To create
legal evidence of dishonour.
9. Club's cheque presented while the treasurer (the authorised signatory) has died: The cheque shall be honoured.
10. A and B joint account. C has power of attorney to operate the account. B dies. The cheque signed by C is presented for payment. :
Return the cheque as POA not valid.
11. For the purpose of computing LCR, RBI has decided that in addition, banks will be permitted to reckon as Level 1 HQLAs Government
securities held by them upto another 2 per cent of their NDTL under FALLCR within the mandatory SLR requirement. Hence, the total
carve-out from SLR available to banks would be _____ per cent of their NDTL. The other prescriptions in respect of LCR remain
unchanged: 13
12. RBI has decided to revise the housing loan limits for PSL eligibility from existing Rs.28 lakh to Rs._____ lakh in metropolitan centres (with
population of ten lakh and above), and from existing Rs.20 lakh to Rs.____ lakh in other centres, provided the overall cost of the dwelling
unit in the metropolitan centre and at other centres does not exceed Rs.45 lakh and Rs.30 lakh, respectively: 35; 25
13. Under UCPDC – 600 what is the time period during which Issuing Bank or Nominated Bank can cheque the documents to ensure that
these are as per LC requirement: 5 banking days. * Banker customer relationship in standing instruction: Agent – Principal
14. In Kisan Credit Card Scheme, to calculate the limit for 5 years, the cost escalation is to be built in, for assessing the limit for a
subsequent year at: 10% of previous year limit.
15. The RBI revised guidelines for rehabilitation of MSMEs are applicable for exposure up to Rs. _____: 25 cr.
16. CERSAI defined in which Act: SARFAESI Act.
17. Bullion Dealers in which Risk Category: High.
18. Under PMEGP scheme maximum project cost for service sector: Rs 10 lacs.
19. Risk weight in advances backed by State Guarantee: 20%
20. CRR is defined in which section of RBI Act : Sec 42(1). * Cash payment of Rs. 20,000 & above in case of FDR is restricted under
which Act: Sec 269-T of Income Tax Act. * Protection to Paying bank in case of material alteration in which Section of NI Act:
Sec 89.
21. Protection to Collecting bank is available under which section of NI Act: Sec 131 of N.I. Act.
22. Mutual fund are controlled by which: SEBI.
23. CVV: Customer Verification Value
24. USSD: Unstructured Supplementary Service Data.
25. NUUP: National Unified USSD Platform.
26. IMEI: International Mobile Equipment Identity.
27. NPCI: National Payment Corporation Of India.
28. CVD: Customer Verification Data.
29. Currency of Belgium: Euro.
30. Universal set of standards & guidelines for communication by
31. EDI is called: EDIFACT.
32. Automated Clearing House in Hong Kong is called: CHATS (CHIPS in New York, CHAPS in UK).
33. Stand by L/c is like: Bank Guarantee
34. Duty of confirming bank: Only to verify the genuineness of LC.
35. Max loan amt covered under CGTMSE: Rs 2 cr Fund based+ non fund based.
36. DSCR is for evaluating: Term Loan repayment-surplus generating capacity.
37. Current ratio used for evaluating: Liquidity position
38. Debt securitization company means: conversion of receivables into debt instrument.
39. Min Education qualification for PMEGP: For Mfg upto 10 lac and business/service upto 5 lacs: Nil
40. Variable cost: Which varies with level of production.
41. Break Even Point: No profit no loss. ( TR-TC=Zero)
42. In case of Special crossing, banker get protection under: Section 124 of NI Act
43. Imports regulator: DGFT
44. What is Noting: Getting dishonoured B/E noted from notary. The certificate is called Protest.
45. Current account operated by finance director dies. Cheque signed by him: Will be paid
46. MSME Services loan amount limit: Micro & Small services: Rs. 5 cr; Medium 10 cr.
47. Abbreviation for UCPDC: Uniform Customs & Practices for Documentary Credit.
48. FCNR(B) account type: Term deposit.
49. RTI: Person seeking information need not give reason as to why he is seeking the information.
50. Which is not the function of ALCO: Budget target
51. What is time limitation for decree: 12 years.
52. Time limit to sue incase of cheque return unpaid: One month from the expiry of notice period.
53. Meaning of accrual concept: Mercantile system.
54. Paying bank protection for alteration which Act: Sec 89 of N.I. Act.
55. Collecting bank protection under which Act: Sec 131 of NI Act.
56. What is the extent of imprisonment and monetary penalty for paying Interest and principal of Rs. 20,000/- and above in cash in case of
FDR: Penalty equal to the amount so paid. No imprisonment.
57. What is the maximum punishment when a cheque is dishonored due to the reason ‘insufficient funds under regular proceedings: Upto
2 years imprisonment and/or fine upto twice the amount of cheque.
58. Cash Transaction Report of cash transactions of above Rs. ---- is to be submitted to FIU-ND on monthly cash basis by _______of the
following month: Rs 10 lac; 15th
59. Why Banks are charging interest on monthly basis: To make it compatible with NPA norms.
60. Financial Director Dies - Cheque signed by him presented for payment: Can be paid.
61. A person returning from abroad can retain foreign currency upto what period: 180 days.
62. Normal Transit Period for all bills in foreign currency is ______: 25 days
63. What is the maximum period of Export proceeds realization in normal case: 9 months.
64. Maximum period up to which Exporter is provided advance against Post Shipment Duty Drawback scheme: 90 days.
65. An L/C states that shipment can be done on or about 31 March. What does it means: It can be done during the period of plus / minus
5 calendar days, both start and end dates included.
66. Risk weight in Personal loans / Capital Market exposures: 125%
67. What will the impact when RBI increases Bank Rate
68. : The cost of credit will increase and banks will reduce its borrowings from RBI.
69. What is the maximum limit of investment in Equipment in Micro (Service) enterprises? Rs.10 lacs.
70. Bank has to implement the award given by Ombudsman within _______ after receiving the acceptance from the Customer: One
month.
71. Capital market total exposure is: 40% of net worth of previous year
72. Maximum amount that is permissible under Priority Sector for repair of house in Rural and Semi urban area is ______: Rs 2 lacs.
73. Should part payment of Foreign bill be accepted: Not be accepted
74. Micro, Small and Medium Enterprises is under which Ministry: Ministry of Micro Small & Medium Enterprises.
75. The Prudential Income Recognition norms were implemented in phased manner so that Indian Banks can have: a) Capital adequacy and solvency; b)
Cannot declare excess profit; c) More transparency in published accounts: All
76. Under RTI is it necessary for the person seeking information to give reason as to why he is asking the information: No need to tell the purpose of
seeking information.
77. Cash Flow statement indicates _____: Receipt & Payment of cash in a given period.
78. In DRT what is the cut-off limit : Rs. 20 lakh and above.
79. Is Right of Set -off available on deposits in the name of guarantor: Only if demand has been made and after giving prior notice.
80. In CDR, what is the condition of declaring dividend, profit / loss: No such condition has been prescribed. ( CDR NOW DISPENSED).
81. Under Basel - II, what is the initial approach for Credit risk and Operational risk: Standardized approach, Basic Indicator Approach.
82. What is Capital charge under Basic Indicator Approach of Operational risk: 15% of positive gross income average of last 3 years.
83. What are the factors taken into consideration under Group approach: Commonality of management and control
84. Banks publish Quarterly results as per the guidelines
85. of under Clause _____ of listing agreement: SEBI
- clause 41 of Listing agreement; Corporate Governance
86. In DRI scheme, what the target and sub-targets under Priority Sector: 40% to SC/STs and 2/3rd in rural/semi urban areas.
87. Exporters of good track record are provided continues Packing Credit. It is called _____: Running Packing Credit.
88. To which type of account holders bank do not issue Biometric card: Dormant and inoperative accounts.
89. Under Gold card scheme for Exporters of good track, concessional rate of interest is allowed upto ___: 365 days.
90. At what rate of discount Subordinate debts due within 1 to 2 years is to be taken: 80%
91. Under CGTMSE scheme, who is not eligible for 85% or 80% guarantee cover: SC / STs
92. What is the %age provision in Doubtful assets over 3 years category: Secured: 100%, Unsecured: 100%
93. In the PMEGP scheme, the margin for general category of borrowers is _______ % of Project cost: 10%.
94. Is a Not Negotiable instrument transferable: Yes, it is transferable by way of delivery and endorsement but the title of the transfree
will not be better title than that of transferor.
95. Legal risk is part of: Operational Risk
96. Provision in Standard category assets for direct SME is : 0.25%
97. What is the liability of Introducer in Fraud case: No monetary liability for fraud.
98. Collecting Bank has presented a fake draft in clearing. Who will lodge FIR: Paying Bank.
99. Under Group Exposure norms, how much %age can be allowed by the Banks Board over and above the regulatory guidelines: 5% in
emergent circumstances.
100.The Exporter has submitted the documents for negotiations. What is the time available for Negotiating Bank to scrutinize the
documents received under L/C: 5 banking days following the date of receipt of documents.
101.Farmers who repay short term agricultural loan promptly are eligible for another ____ interest subvention: 3% for short term crop
loan upto Rs. 3 lacs subject to the condition that the effective rate of interest is not less than 4%.
102.The Reserve Bank has allowed banks to participate in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts
(InvITs) within the overall ceiling of _____ of their net worth permitted for direct investments in shares, convertible bonds/
debentures, units of equity-oriented mutual funds and exposures to Venture Capital Funds (VCFs) [both registered and unregistered],
subject to certain conditions: 20%
103.The Reserve Bank has advised banks to make it mandatory for corporate borrowers having aggregate fund-based and non-fund based
exposure of _____and above from any bank, to obtain Legal Entity Identifier (LEI) registration and capture the same in the Central
Repository of Information on Large Credits (CRILC): Rs. 5 crore.
104.Govt. of India has established Central KYC Records Registry (CKYCR) under provisions of which of: Prevention of Money Laundering
Act 2002.
105.For Import of goods from USA, a customer of Kotak Bank enters into a Free on Board (FOB) contract. The cost pertaining to insurance
and freight will be borne by: Importer.
106.40 For opening Demat account: PAN is necessary.
107.ASBA: Application Supported by Blocked Amount – maximum amount that can be blocked per IPO is: Rs. 2 lac.
108.Under SARFAESI Act 2002, the banks give notice for payment of due amount to the borrower / owner of charged assets within _____ days,
otherwise action will be initiated u/s 13(2) of the Act : 60 days
109. When Ombudsman’s award is accepted by the customer, the bank has is to implement the award within: 30 days.
110.Real Time Gross settlement system minimizes which risk: Systemic risk and settlement risk.
111.Loan assets are classified by the banks on the basis of : By status of recovery and security.
112.The minimum & maximum period of Certificate of deposit is : 7 days, 12 months.
113.Banks print cheque books having similar particulars. The format of cheque is prescribed by which Act : It is a practice.
114.Which Crossing takes away the feature of assumption of defective free title available to the transferee : Not negotiable
115.is mandatory for ASBA: Bank account.
116.Which of the following is wrong about RTI Act: Fee to be paid, can be given in physical / e-form, reason to be mentioned*.
117.Bearer cheque modified, while making payment what is the position of bank: Liable if paid, not liable if paid in due course.
118.Collecting Banker protection available under which Section: Sec 131
119.Protection to the Paying Banker for alteration not detectable: Sec 89.
120.RTGS payment under which Act: Payment & Settlement System.
121.Customer has deposited money for specific purpose, what is the bank: Trustee
122.Multiple Banking Arrangement / Consortium to take action under Sarfaesi what percentage of lenders should agree: 60% of the creditors
by value.
123.How does a Business Correspondent function: Biometric machine
124.Charges for delay in NEFT credit: Repo rate +2%
125.Term Deposits: Differential interest rate shall be offered only on bulk deposits: Rs Two crore & above.
126. Penalty to be paid per year for revival of Sukanya Samriddhi Account: Rs. 50 * Life cover under PMJDY for
eligible accounts: Rs.30,000/-
127.Treasury Bills can be issued upto how many days: 364 days.
128.When a person opens various bank accounts and draws amount against clearing, it is known as: Kite fying.
129. 411 Union Territory under B region: Chandigarh
130.EEFC opened by resident with joint name of non-resident, what is operational condition: Former or survivor.
131.Banks can take a decision to go for two way protection to avoid middlemen attack in which of the following: Internet Banking.
132.The revised SME rehabilitation framework is applicable upto how much amount: Rs. 25 crore
133.If BEP is high, it means: Low safety margin.
134.Exposure in SHG / JLG as qualifying assets for an MFI to qualifying for priority sector lending: 85%
135.Limit not renewed / adhoc not cleared, when shall the account become NPA:180 days
136.Which of the following Union Territory is included in a region(official language): Andamans & Nicobar
137.What is the loan limit for Agriculture Infrastructure under Priority Sector: Rs. 100 cr.
138.What is the loan limit for Agriculture Ancillary under Priority Sector: Rs. 100 cr.
139.Foreign DD deposited in NRE account. Which rate will be used for conversion: TT Buying rate.
140.In an E or S account, one person has issued the cheque, the other person has corrected the date and signed. Whether cheque can be
passed: Yes
141.The portal for education loan: Pradhan Mantri Vidya Lakshmi Karyakram.
142.The account of a foreign student before full KYC compliance, the deposit allowed is upto : US $ 1000
143.Weighted average interest charged under Deendayal Aantyodaya Yojana (NRLM): All Commercial Banks (excluding RRBs) will be
subvented to the extent of difference between the Weighted Average Interest Charged and 7% subject to the maximum limit of
5.5%. This subvention will be available to all the Banks on the condition that they make SHG credit available at 7% p.a. in the 278
districts.
144. The Payments Banks and the Small Finance Banks are called Differentiated Banks. Recommended by Committee: Shri Nachiket Mor, (
Comprehensive Financial Services for Small Businesses and Low-Income Households).
145.AD Category – I bank need not follow up submission of
146. evidence of import involving amount of USD or
less provided they are satisfied about the genuineness of the transaction and the bonafides of the remitter: 100,000
147.Current account opening with A, B and C. C is a pardanishin lady and has not given photograph. Which of the following to be done:
Photograph of pardanishin lady is necessary otherwise follow the guidelines on partial/total freezing.
148.Receivable Rs. 20 lacs. Sales Rs. 120 lacs. What is Debtor Collection Period? 2 Months
149.Retention Period for form 15G/ 15H obtained at branches: 7 years.
150.For farm Mechanization for financing of tractor the minimum land holding is : 2.5 acre
151. For filling a complaint under Consumer Forum the limitation
152.period: 2 Years from date of cause of action arises. * The terms used for hiding money to avoid tax is: Money
153.laundering.
154.Which Crossing is not defined in any Act: Account Payee
155.As per RBI guidelines of Dec 2015, target for loans to priority sector for Regional Rural Banks w.e.f 1-1-2016 is : 75% of total
outstanding.
156.A forex bill discounted by the bank was returned back unpaid. The amount will be recovered from the party by using which rate: TT
Selling rate.
157.Clause Bill of Lading indicates: Bill of Lading issued by shipping company indicating defective condition of goods or defective packing.
158.In case of single or Individual borrower, the exposure ceiling as fixed under Group exposure norm is 15% which can be further
enhanced in case of Infrastructure by: 5%
159.Bank paid amount in INR after conversion of USD @ 68.63/68. For US $ 30,000 and with 5 paise per dollar as commission, what
amount will be credited in customers account: Rs.20,57,400/-
160.In case of sole banking arrangement, in how many days from noticing the Early Warning Signal (EWS), the decision to classify an
account as Red Flagged Account (RFA) has to be taken: 1 month.
161.Statutory Liquidity Ratio (SLR) is 19.00% of net demand and time liabilities of banks w.e.f: 13-04-2019.
162. The rate of interest equalisation available on Pre-Shipment Rupee Export Credit and Post-Shipment Rupee Export Credit is:
5% p.a
163.The Balance sheet of M/s Amteck indicates at the beginning of the financial year, the capital of a firm as Rs. 9,80,000. The firm
earned a profit of Rs.2,40,00 and paid tax at 10%. The two partners also withdrew Rs.75,000 each. What is the closing balance in the
Capital account: Rs.10,46,000/-
164.Bearer uncrossed cheque can be paid to whom: To the bearer of the cheque.
165.In PMEGP, what is the income criterion for borrower’s family and borrower’s parents: No criteria.
166.The increasing foreign exchange reserves in India are costly because: Funds are idle and it carries fluctuation risk.
167.Who is appointed to tackle public complaints against the public authorities: Ombudsman.
168.What is NOSTRO: A bank’s account maintained by a bank in India with a bank abroad in foreign currency.
169.On other than a negotiable instrument, what is the time period for payment of stamp duty, if the document is executed outside India:
3 months.
170.FCNR (B) deposit can be accepted by banks in ____ currencies: All convertible currencies.
171.May I help you counter is to be provided by bank branches other than : Small branches
172.A firm is allowed a limit of Rs.1.40 lac at 30% margin. It wants to avail the limit fully. How much will be the value of security : Rs.2
lac.
173.Statutory Liquidity Ratio provisions for banks are as per Section _____ of _____: 24 (2), Banking Regulation Act 1949.
174. An NRI can open a joint account with a resident in case of
175. accounts: Non-resident Ordinary.
176.The minimum capital adequacy ratio (CAR) implemented in India by RBI is ____ % and as per Basel recommendations it
177.is % : 9%, 8%
178.What type of charge is applicable on loan against term deposits in a bank: Assignment.
179.Garnishee Order is not applicable on: Un-used cash credit or overdraft limit.
180.Islamic banking has the features of: Conservative Banking.
181.When rate of interest is expressed by adjusting the impact of inflation, this is called _____ : Real rate of Interest.
182.RBI keeps on changing repo / reverse repo rate / CRR with the objective of: Regulation of liquidity to control inflation.
183.What is the periodicity for submission of R-Returns to RBI : Fortnightly
184.The facility of nomination is not available to Trust account because it is _____ account: Non-individua
185.Banks are required to make provision on Standard Assets at the rate of 0.25% on ______ & ______ accounts: Direct agriculture, SME
and CRE-RH.
186.A person wants to open an account which his wife should be able to operate only after his death. What type of account he should
open: Former or survivor.
187.In B region, the reply to letters in Hindi is to be given to the extent of ____ %: 100%
188.Within Priority Sector target of 40% of ANBC or CEOBE, whichever is higher, the sub-target for Weaker section is: 10%
189.Apiculture relates to : Bee-keeping
190.In case of a jointly operated joint account, the nominee can obtain payment when : None of the account holder is alive.
191.Call money deposit is part of the ______ sector: Organised sector.
192.The long term liability to tangible net worth ratio implies : Long term solvency of the firm or capacity of the firm to pay long term debt
– Total indebtedness ratio.
193.Current ratio implies: Capacity of the firm to pay current liabilities out of current assets.
194.Working capital requirement of a firm is required to be met through: Short term sources and surplus of long term sources over long
term uses.
195.Who cannot become a partner in an LLP firm: HUF & Minor.
196.What is the maximum period for which an account classified as sub-standard, can remain: 12 months.
197.A company wants to electronically pay the dividend to large number of its shareholders, which include small amounts also: Electronic
Clearing Services – Credit (ECS-Credit).
198.A cheque is written in different hand-writings and different inks: It will be paid.
199.Opening of Non-resident accounts by _____ has been allowed by RBI : RRBs.
200.Bailment of goods by a person to another person, to secure a loan is called : Pledge.
201.When mortgage is created by a person by deposit of title deed orally, it is called ____ mortgage: Equitable mortgage.
202.Which crossing is not a general crossing: When name of bank is written within or without parallel lines.
203.‘Buy now and Pay later’ is the facility available under : Credit card
204.A financial statement that provides information regarding where the funds have come and where these have been used over a period
of time is called: Funds flow statement.
205.Who can open NRE account : NRI
206.A mandate holder for a current account has died and a cheque signed by him is presented for payment after his death: The cheque
shall be paid.
207.The true owner of a cheque has been deprived his right by collection of the cheque for a different person. This is called: Conversion.
208.A bank branch receives a counterfeit note of Rs.500, which customer wants back. What the bank should do: To be impounded and
not to be returned under any circumstances.
209.For FCNR (B) deposits, the exchange risk is born by: Bank.
211. CUT OFF LIMIT FOR FOLLOW UP / REVIEW / MONITORING MARKED FOR RECOVERY :- NPA AC WITH LIAB UP TO
RS. 10 LAKH FOR RO , ABOVE RS. 10 LAKH FOR CO, ABOVE RS. 1 CR FOR HO.
212. RTGS CHARGES :- FROM RS. 2 LAKH TO RS. 5 LAKH TIMING 8 AM –11AM :- NIL , 11AM –01PM :-RS.27, 1PM --4.30PM :-RS.
30,
213. NEFT CHARGES :--UP TO RS. 100000 :- NIL , FROM RS. 1 LAKH TO RS. 2 LAKH:-RS. 15, ABIOVE RS. 2 LAKH :- RS. 25 , 8 TO 7
PM TOTAL 23 SETTLEMENTS, FOR DELAYED CREDIT PAY INT AT RBI LAF REPO + 2%.
214. ATM FAILED TRANS CLAIM FROM OTHER BANKS RESOLVE IN 4 DAYS , ATM 50 NOT ALLOWED BEYOND 120 DAYS
FROM THE ACTUAL TRANSACTION DATE .
216. SCA / SDL :- SAFE CUSTODY ARTICALS / SAFE DEPOSIT LOCKERS :-- INDIAN CONTRACT ACT.
217. BANKERS LIEN / SECRECY OF ACCOUNT :--IMPLIED PLEDGE.
218. CONTRACT OF INSURANCE :--INDEMNITY CONTRACT
219. MORTGAGE :--TRANSFER OF PROPERTY ACT
220. CARE :--CREDIT ANALYSIS AND RESEARCH LTD .
221. NOMINEE :--TRUSTEE OF LEGASL HEIRS.
222. FCNR :--MAX FOR 5 YRS CAN OPEN
223. CUSTOMER MEET :--CONDUCTED IN 15 OF EVERY MONTH.
224. RIGHT OF SUBROGATION :--GUARANTOR CLEARS THE LIAB OF PRINCIPAL BORROWER .
225. EMPLOYEES SHOULD AWAY FROM DESK :--MIN 10 DAYS.
226. AGRI CLINIC / AGRI BUSINESS :--NO MARGIN / SEC UP TO RS. 5 LAC.
227. BREAK EVEN POINT :-- NO PROFIT / LOSS
228. SMERA :--SMALL AND MEDIUM ENT RATING AGENCY SET UP BY SIDBI.
229. REPO RATE :--MONEY MKT INSTRUMENT.
230. CRISIL :--CREDIT RATING INFORMATION SERVICES OF INDIA LTD.
231. WHITE LABEL ATM :--MIN NET WORTH OF CO. RS. 100 CR.
232. CREDIT RATING AGENCY :--REGULATED BY SEBI .
233. ASBA (APPLICATION SUPPORTED BY BLOCKED AMOUNT ) :--MAX AMNT CAN BE BLOCK RS. 2 LAKH.
234. SELLING THIRD PART PRODUCT S :--OPERATIONAL RISK .
235. EXCESS LIQUIDITY IN SYSTEM :-- CALLED INFLATION
236. SABBATICAL LEAVE CAN TAKE FOR MAX 2 YRS.
237. RTGS RISK :-- CALLED SYSTEMATIC AND SETTLEMENT RISK.
238. FIRE AUDIT OF CURRENCY CHEST :--ONCE IN 2 YRS .
239. RATINGS FOR BANKS :--PADMANABHAN COMMITTEE, CAMEL :--CAPITAL ADEQUACY, ASSET QUALITY, MANAGEMENT
, EARNINGS PERFORMANCE , LIQUIDITY, SYSTEMS AND CONTROLS.
240. RTI :--RIGHT TO INFORMATION ACT :-REPLY IN 30 DAYS , PENALTY OF RS. 250 PER DAY , MAX RS. 25000, PRESERVE
RECORD 5 TO 8 YRS.
241. IBC 2016 :--INSOLVENCY AND BANKRUPTCY CODE 12016.
242. FRAUD :-- OPERATIONAL RISK.
243. SCSS :--SENIOR CITIZEN SAVINGS SCHEME :--FOR MAX 5 YRS, CAN EXTEND UP TO 3 YRS, INT COMPOUNDED QRTLY,
MIN RS. 1000 MAX RS. 15 LAKH, AGE 60 , PREMATURE CLOSURE PERMITTED AFTER ONE YEAR WITH PENALTY.
244. MMID ( MOBILE MONEY INDENTIFIER ) ALWAYS :--7 DIGIT.
245. ANY EMV CHIP CARD :--VALIDITY 5 YRS .
246. CPGRS :--CANARA PUBLIC GREIVENCES REDRESSAL SYSTEM :--BY DAMODARAN COMMITTEE.
,
248. IBBI :--INSOLVENCY AND BANKRUPTCY BOARD OF INDIA .
249. UDYAMI MITRA PORTAL :- FOR STAND UP INDIA MANTAINED BY SIDBI.
251. NEW FUNCTIONALITY NOW AVAILABLE IN NET BANKING :--TEMPORARY BLOCK / UNBLOCK ATM CARD , SET LIMIT
FOR ATM / POS TRANSACTION, INSTANT PIN GENERATION , HOT LISTING OF DEBIT CARD.
252. PMJDY OVERDRAFT :--PRIME MINISTER JAN DHAN YOJANA :- MAX RS. 10000 OR 4 TIMES OF AVERAGE MONTHLY BAL
OR 50 % OF CREDIT IN LAST 6 MONTHS WHICHEVER IS LOWER , AGE LIMIT 18 TO 65, SATISFACTORY DEALINGS FOR THE
LAST 6 MONTHS, NOT ELIGIBLE :-MINOR / KCC / GCC/ MORE THAN ONE MEMBER IN SAME FAMILY , CGTMSE COVER
AVAILABLE UP TO 60 % OF DEFAULT.
253. RBIA :--SECURING LOW RISK IN RBIA . PERIODICITY OF CONDUCTING INSPECTION CHANGED TO 18 MONTHS FOR :-LOW
RISK A, 15 MONTHS FOR :-NORMAL RISK B , 12 MONTHS FOR :-MODERATE RISK C, 06 MONTHS FOR HIGH RISK D,
BUSINESS RISK :--20% , CONTROL RISK :--80%
254. INT RATE FOR BULK DEPOSIT OF RS. 10 CRORE AND ABOVE IS TO BE OBTAINED FROM INTEGRATED TREASURY
WING , MUMBAI.
255. MAXIMUM PERIOD FOR ACCEPTING NRE TERM DEPOSIT IS :- 10 YEARS AND MINIMUM :-1 YEAR.
256. SR CITIZEN ARE NOT ELIGIBLE FOR ADDITIONAL INT RATE FOR NRE TERM DEPOSIT.
257. EMPLOYEE / EX-EMPLOYEE / EX EMPLOYEE SR CITIZEN ARE NOT ELIGIBLE FOR PREFERENTIAL INT RATE FOR NRE
TERM DEPOSIT.
258. FOR SINGLE NRE RETM DEPOSIT RS. 1 CRORE AND ABOVE TO RS. 10 CRORE:--TAKE UP MATTER WITH DEVELOPMENT
SECTION , STRATEGIC PLANNING AND DEV WING , H O , THROUGH MIPD AND PP SEC OF CO FOR OBTAINING
PERMISSION.
259. PENALTY 1 % FOR PREMATURE CLOSURE AND PRE MATURE EXTENSION OF NRE TERM DEPOSIT OF LESS THAN RS. 1
CRORE ON OR AFTER 29/12/2011.
260. NO PENALTY OF 1 % IN CASE OF PREMATURE CLOSURE / PREMATURE EXTENSION OF NRE CALLABLE TERM
DEPOSIT RS. 1 CR AND ABOVE.
261. NO INT FOR NRE TERM DEPOSIT CLOSED BEFORE 1 YEAR.
262. EXTENSION OF PERIOD OF NRE TERM DEPOSIT , THE PERIOD OF EXTENDED DEPOSIT SHALL BE MIN 1 YEAR AND
MAX 10 YEAR.
263. AUTO RENEWAL OF NRE TERM DEPOSIT IS ONLY --ONCE .
264. OVERDUE NRE DEPOSIT WILL BE PAID INT AT SB RATE FROM THE DATE OF MATURITY TILL THE DATE OF
PAYMENT OR / RE-INVESTED.
265. SR CITIZEN NOT ELIGIBLE FOR ADDITIONAL ROI FOR FCNR DEPOSIT.
266. EMPLOYEE / EX-EMPLOYEE / EX-EMPLOYEE SR CITIZEN ARE NOT ELIGIBLE FOR PREFERENTIAL ROI.
267. FCNR / RFC -DEPOSIT FOR USD 1 MILLION AND ABOVE :-OBTAIN PERMISSION FROM INTEGRATED TREASURY WING
MUMBAI ( FOREX DEALING ROOM ), CAN SEND MAIL TO funds@canarabank.com 022-26725033.
268. DOMESTIC DEPOSIT PERIOD MIN :-7 DAYS , MAX:-10 YEARS.
269. NON CALLABLE TERM DEPOSIT ARE BULK DEPOSIT WHERE PREMATURE WITHDRAWAL NOT PERMITTED.
270. BANK IS NOT ACCEPTING BULK TERM DEPOSIT MATURITIES OF 5 YEARS AND ABOVE.
271. FOR DOMESTIC TERM DEPOSIT OF SR CITIZEN ( INCLUDING RD ) -ADDITIONAL ROI IS GIVEN 0.050%.
272. SR CITIZEN NOT ELIGIBLE FOR ADDITIONAL INT RATE ON NRO TERM DEPOSIT AND DEPOSIT ACCEPTED UNDER
CAPITAL GAIN DEPOSIT.
273. FOR SINGLE DEPOSIT RS. 1 CRORE AND ABOVE UP TO RS. 10 CRORE, TAKE UP MATTER WITH DEV SEC , SP AND D WING
HO THROUGH MIPD CO .
274. FOR NON CALLABLE DEPOSIT ( WHERE PREMATURE WITHDRAWAL IS NOT PERMITTED ) OF RS. 1 CRORE ( OTHER
THAN INDIVIDUAL AND HUF ) , PERIOD IS MIN 46 DAYS AND ABOVE , AN ADDITIONAL INT RATE OVER AND ABOVE
THE RATE OFFERED FOR GEN PUBLIC IS BEING EXTENDED.
275. EMPLOYEE / EX –EMPLOYEE :--ADDITIONAL 1 % EXTENDED , EXCEPT FOR NRO TERM DEPOSIT AND CAPITAL GAIN AC
276. EX –EMPLOYEE SR CITIZEN ADDITIONAL 1.50% AVAILABLE, EXCEPT NRO AND CAPITAL GAIN AC.
277. CANARA TAX SAVER --ADDITIONAL ROI TO EX –EMPLOYEE SR CITIZEN :--IS AVAILABLE ONLY 1 % .
278. DOMESTIC / NRO DEPOSIT FOR HUF KARTA SR CITIZEN :--NO ADDITIONAL ROI.
279. NRO TERM DEPOSIT :--SR CITIZEN / EMPLOYEE / EX-EMPLOYEE / SR CITIZEN :-NO ADDITIONAL ROI AVAILABLE
280. CAPITAL GAIN DEPOSIT :--NO ADDITIONAL ROI IS AVAILABLE FOR ANYBODY.
281. RD ( RECURRING DEPOSIT ) :--ADDITIONAL 1 % ELIGIBLE FOR EMPLOYEE / EX EMPLOYEE, FOR EX –EMPLOYEE SR
CITIZEN ADDITIONAL ROI IS :- 1.50% AVAILABLE, FOR SR CITIZEN ADDITIONAL ROI IS :-0.50 %.
282. 1 % PENALTY IS THERE FOR PREMATURE CLOSURE / PART WITHDRAWAL / PREMATURE EXTENSION RS. 1 CR AND
LESS.
283. NO PENALTY FOR PREMATURE CLOSURE / PART WITHDRAWAL / PREMATURE EXTENSION CALLABLE DEPOSIT RS. 1
CRORE AND ABOVE.
284. NO INT FOR DEPOSIT CLOSED BEFORE 7 DAYS.
285. PENALTY :-1 % TERM DEPOSIT UNDER CAPITAL GAIN AC FOR PREMATURE CONVERTED / WITHDRAWN / CLOSED.
.
288. SURPRISE VERIFICATION OF CASH AND SECURITIES :--ONE MANAGER OR ONE OFFICER WITH ONE SWOP., ONCE IN
A MONTH THROUGH NEARBY BRANCH , ONCE IN QUARTER BY DM / AGM OF RO / CO.
289. REVISED CHARGES FOR AADHAAR RELATED SERVICES AT AADHAAR SEVA KENDRA AND AADHAAR ENROLLMENT
CENTRE :---AADHAAR ENROLLMENT ( GENERATUION ) :-FREE, MANDATORY BIOMETRIC UPDATE OF CHILDREN :--
FREE, DEMOGRAPHIC / BIOMETRIC OR BOTH UPDATE :--41+9 ( GST ) = RS. 50 , AADHAAR SEARCH USING e-KYC /
FIND AADHAAR COLOUR PRINT :--RS. 25 +5 ( GST )= RS. 30, UIDAI GIVES RS. 100 TO BANK FOR EACH ENROLLMENT.
290. DUE DILIGENCE SERVICES FOR MICRO, SMALL AND MEDIUM ENT ARE AVAILABLE WITH M/S CARE RATINGS
LIMITED ( EARLIER IT WAS KNOWN AS M/S CREDIT ANALYSIS AND RERSEARCH LIMITED ) AND ALSO AVAILABLE
WITH M/S ACUITE RATINGS AND RESEARCH LIMITED ( EARLIER WAS KNOWN AS M/ SMERA RATINGS LIMITED ) .
291. NEW RETAIL LOAN PRODUCT :--CANARA HOME LOAN SECURE ( CHLS ) , THIS IS RETAIL PERSONAL LOAN FOR 100 %
FUNDING OF ONE TIME LIFE INSURANCE PREMIUM OFFERED BY M/ S CANARA BANK HSBC , OBC , CHOICE .
292. UPI ( UNIFIED PAYMENT INTERFACE ) :--PER DAY TRANSACTION MAX RS. 20000 , TOTAL MAX NO OF TRANS IN A
DAY PERMITTED :- 10 .
.
294. CMR ( CIBIL MSME RANK ) :- A NEW PRODUCT OF CIBIL AS AN ADDITIONAL DUE DILIGENCE TOOL FOR MSME
PROPOSALS FOR ABOVE RS. 10 LAKH TO RS. 10 CRORES.
295. THE STANDARD DEDUCTION FROM SASLARY INCREASED TO RS. 50000.
296. THE THRESHOLD LIMIT FOR TDS ON INT INCOME OTHER THAN INT ON SECURITIES INCREASED TO RS. 40000. FOR SR
CITIZEN RS. 50000
297. THE THRESHOLD LIMIT FOR TDS ON RENTAL INCOME INCREASED TO RS. 2,40,000.
298. MAXIMUM TIME FOR CLOSURE OF RBIA REPORTS :--2 MONTHS FOR SMALL BER / SERVICE UNITS / AC SECTION / LPC /
FD / CC / SME SULABH. 3 MONTHS FOR MED BR / MCB / RAH / SME BR / PCB . 4 MONTHS FOR LARGE BR / ELB / VLB ,
3 MONTHS FOR HIGH RISK BR , 1 MONTH FOR SNAP AUDIT OF KYC / AML EXP AUDIT / SNAP AUDIT OF NORMAL AND
MODERATE RISK BR .
299. UPDATION OF AOD IN CBS :-OPTION IS BA020.
300. REVISION OF DEFINATION OF BULK DEPOSIT DONE :--NOW, SINGLE RUPEE TERM DEPOSIT WILL BE OF RS. 2 CRORE
AND ABOVE. ( EARLIER IT WAS RS. 1 CRORE ) .
301. CARD LOSS AND ACCIDENTAL DEATH INSURANCE POLICY COVER WILL BE AVAILABLE NOW FROM M / S TATA AIG
WEF 08/08/2018 ( EARLIER WAS FROM M/S ICICI LOMBARD GEN INSU ) .
302. VIDYA SHAKTHI :--NEW EDUCATION LOAN SCHEME FOR THE STUDENTS OF PERSONS WITH DISABILITIES ( PWD )
CATEGORY .
303. CGTMSE :-- PAYMENT OF ANNUAL SERVICE FEE ( ASF ) , AND ANNUAL GTEE FEE ( AGF ) :--FOR DELAYED PAYMENT
ATTRACTS PENALTY AND ADDITIONAL PREMIUM OF 15 % .
304. DBS ( DIGITAL BANKING SERVICE ) :-- HELP DESK NO ONLY FOR BRANCHES TOLL FREE :-1800-425-8395 .
305. PLATINUM DEBIT CARD RISK COVERED :--DEATH DUE TO ACCIDENT :--AIR CRASH RS. 8 LAKH, RS. 4 LAKH FOR SPOUSE ,
OTHER THAN AIR CRASH RS. 4 FOR SELF AND RS. 2 LAKH FOR SPOUSE, BAGGAGE INSU RS. 25000 PER CARD, PURCHASE
PROTECTION COVER RS. 25000 PER CARD.
306. BANKS COMPENSATION POLICY :--BANK WILL COMPENSATE CLAIM WHERE NO MISTAJKE OF BANK / CUSTOMER RS.
100 PER RS. 5000 , MAX RS. 1000 FOR EACH INSTANCE.
307. GST REPLACED ALL INDIRECT TAXES SUCH AS CENTRAL EXCISE DUTY / SER TAX / STATE VAT / CENTRAL SALES
TAX /LUXURY TAX / ENTRY TAX / ENTERTAINMENT TAX / AMUSEMENT TAX / TAXEX ON ADVERTISEMENT / PURCHASE
TAX / TAXES ON LOTTERY , BETTING , GAMBELLING / STATE SURCHARGE CESS.
308. COMMITMENT CHARGES :--1 % FOR ABOVR RS. 10 CRORE FOR BOTH FB / NFB .
309. NRLM :--AAJIVIKA :-NO COLLATERAL UP TO RS. 10 LAKH .
310. ELERCTRICITY BILL IS ACCEPTED AS OVD FOR THE LAST 2 MONTHS ONLY.
311. INTRODUCTION IS NOT MANDATORY FOR OPENING OF SB / CA /ODCC ACCOUNTS
312. AADHAAR IS MANDATORY FOR SB ACCOUNT OPENING.
313. IF ADDRESS PROOF IS NOT AVAILABLE IN KYC , THEN OBTAIN DECLARATION OF LOCAL ADDRESS WHICH IS
ACCEPTABLE .
314. IN CASE OF LOW RISK CUSTOMER -SUBMIT KYC DOCUMENTS IN 6 MONTHS FROM THE ACCOUNT OPENING DATE.
315. FOR FOREIGN STUDENT --SUBMIT KYC AS LOCAL ADRESS IN MONTH FROM THE DATE OF ACCOUNT OPENING .
316. VINTAGE PARAMETERS MEANS - NEWLY OPENED CASA ACCOUNTS NOT COMPLETED 6 MONTHS FROM THE DATE
OF ACCOUNT OPENING ( WILL BE HIGH RISK ACCOUNTS ) EXCEPT STAFF / PENSIONERS / EX-STAFF / SMALL ACC / F I AC /
BSBD ACCOUNTS.
317. RISK REVIEW OF CASA ACCOUNTS DONE ONCE IN EVERY 6 MONTHS ON 15TH MAY AND ON 15TH NOV EVERY
YEAR.
318. FOR MEDIUM RISK CATEGORY -HIGHER DUE DILIGENCE IS REQUIRED .
319. THRESHOLD LIMIT ISD FIXED AT AC LEVEL ON THE BASIS OF - POPULATION CATEGORY / NATURE OF AC / BUSINESS
ACTIVITY / PROFESSION .
320. PERIODICAL UPDATION OF CUSTOMER IDENTIFICATION DATA ( PHOTO / ADD PROOF ) IS TO BE DONE IN ALL
ACCOUNTS ONCE IN 10 YEARS -LOW RISK CATEGORY / 8 YEARS -MEDIUM CATEGORY / 2 YEARS -HIGH RISK
CATEGORY ACCOUNTS. QUARTERLY IN THE MONTH OF APRIL / JULY / OCT / JAN .
321. FREASH PHOTO OF IDENTITY AND ADDRESS PROOF NOT REQUIRED IN CASE OF -LOW RISK CUSTOMER .
322. FOR NON COMPLIENCE OF KYC / AML / CFT PENALTY MIN RS. 10000 AND MAX RS. 1 LAKH TO EMPLOYEE.
323. CCR MEANS - COUNTERFEIT CURRENCY REPORT
324. STR MEANS - SUSPICIOUS TRANSACTION REPORT , NO PERIODICITY OF REPORTING.
325. CTR MEANS – CASH TRANSACTION REPORT , ( TRANS VALUE RS. 10 LAKH OR ITS EQUIVALENT , AGGREGATE IN ONE
MONTH . REPORT TO FIU-IND MONTHLY BY 15 TH OF SUCCEEDING MONTH.
326. FATF MEANS - FINANCIAL ACTION TASK FORCE , TRANSACTION INVOLVING COUNTRY LISTED BY FATF.
327. RECORDFS OF CBS TRANSACTIONS MAINTAIN FOR 10 YEARS .
328. OBTAIN FRESH ADDRESS PROOF IN CASE OF TRANSFERRED ACCOUNTS.
329. HNI MEANS -HIGH NETWORTH INDIVIDUALS ( AVERAGE DEPOSIT SB+CA+TD ) RS. 100 LAC AND ENJOYING FUND
BASED LIMITS RS. 100 LAKH AND ABOVE.
330. AADHAAR IS 12 DIGIT NO.
331. SB ASCCOUNT INT QUARTERLY ON 1ST OF FEB / MAY / AUG / NOV .
332. JOINT ACCOUNT ILLITERATE AND LITERATE OPERATION BY ILLITERATE OR JOINTLY ONLY.
333. CHEQUE BOOK CAN BE ISSUE TO BLIND PERSON ALSO BUT FOR SPECIFIC PURPOSE ONLY.
334. RURAL BRANCH WITH OR WITHOUT CHEQUE BOOK MIN BAL RERQUIRED RS. 500
335. SEMI URBAN / URBAN / METRO WITH OR WITHOUT CHEQUE BOOK MIN BAL REQUIRED IS RS. 1000 ( AVERAGE
MONTHLY BALANCE ).
336. MINIMUM BALANCE NOT REQUIRED IN CASE OF ACCOUNTS OF NRI / ZERO BAL AC / STUDENTS / PMJDY / SR
CITIZENS / PENSIONERS / EMPLOYEE STAFF .
337. SCALE 4 AND ABOVE ONLY HAVING AUTHORITY TO PERMIT TOD IN SB /CA .
338. TOD AGAINST SALARY - MAX RS. 5000 FOR MAX PERIOD 15 DFAYS.
339. CANARA PAY ROLL PACKAGE TOD --MAX 2 TIMES IN CALENDER YEAR , MAX 50% OF LAST MONTH NET SALARY ,
MAX RS. 50000
340. FOR PENSIONER TOD 50% OF MONTHLY PENSION .
341. BSBD ACCOUNTS MAX 4 WITHDRAWAL IN A MONTH PERMITTED INCLUDING ATM WITHDRAWAL. AND MAX 48
WITHDRAWALS IN A YEAR.
342. CANARA SB POWER PLUS - QUARTERLY AVERAGE BAL RS. 1 LAKH AND ABOVE , CAN OPEN WITH ZERO BALANCE,
PENALTY FOR NON MAINTENANCE OF MIN BAL RS. 250 PER QTR.
343. CANARA PRIVILAGE CURRENT AC -QUARTELY AVERAGE BAL RS. 1 LAKH AND ABOVE , NON MAINTENANCE OF MIN
BAL PENALTY RS. 1000 PER QTR. ACCOUNT CLOSED BEFORE ONE YEAR PENALTY RS. 2000 +SC
344. CALLABLE DEPOSIT RS. 1 CRORE AND ABOVE -PREMATURE CLOSURE IS ALLOWED WITHOUT PENALTY .
345. NON CALLABLE DEPOSIT RS. 1 CRORE AND ABOVE --PREMATURE CLOSURE NOT ALLOWED , MIN PERIOD 46 DAYS
AND ABOVE ( OTHER THAN INDIVIDUAL AND HUF ) , NO AUTO RENEWAL , NO PART WITHDRAWAL IS PERMITTED,
BULK DEPOSIT UNDER NON CALLABLE UP TO MAX 5 YEAR IS ALLOWED ONLY. MEANS CAMNNOT OPEN MORE
THAN 5 YEARS.
346. DEAF MEANS- DEPOSITOR EDUCATION AND AWARENES FUND --MONTHLY TRANSFERRED TO HO , HIGH RISK
ACCOUNTS .
347. PMJDY --BORROWER HOUSEHOLD ANNUAL INCOME DOES NOT EXCEED RS. 1 LAKH IN CASE OF RURAL AREA, RS.
160000 IN CASE OF NON RURAL AREA . Additional LIFE INS COVER AVAILABLE RS. 30000.
348. APY –ATAL PENSION YOJANA -ADMINISTERED BY PFRDA AND NSDL , AGE BETWEEN 18-40, MIN CONTRIBUTION 20
YEARS , MIN RS. 1000 MAX RS. 5000, PENSION STARTS AT THE AGE OF 60
349. WITHDRAWAL IN EMPLOYEES ACCOUNT UP TO RS. 5000 --SPL ASSISTANT CAN PASS , UP TO RS. 10000 OFFICER CAN
PASS , ABOVE RS. 10000 -MANAGER / SR MANAGER CAN PASS.
350. PMSBY :-- PRADHAN MANTRI SURAKSHA BIMA YOJANA, GEN INS CO / BAJAJ INS CO , AGE 18-70, ACCIDENTAL
DEATH DISABILITY RS. 2 LAKH , PREMIUM RS. 12 + GST ( RS. 10 INS CO , RS.1 FOR BC / BK , RS. 1 FOR PER ANNUM PER
MEMBER.
351. PMJJBY :-- PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA , LIFE INS COVER RS. 2 LAKH, PREMIUM RS. 330 ( RS. 289
FOR PER MEMBER , RS. 30 FOR BC / BK PER ANNUM PER MEMBER , RS. 11 FOR P A PER MEMBER , ASGE 18-50.
352. PRIORITY SECTOR TARGET :--40% OF ANBC , AGRI :-18% OF ANBC , MSME 7.50 % OF ANBC , EL :--PRIORITY UP TO
RS. 10 LAKH , HL :--METRO POPULATION 10 LAKH AND ABOVE RS. 35 LAKH ( COST OF DWELLING UNIT RS. 45 LAKH ) ,
OTHER :--RS. 25 LAKH ( COST OF DWEL;ING UNIT RS. 30 LAKH ), HL REPAIR :--METRO RS. 5 LAKH , OTHER RS. 2 LAKH .,
EXPORT 2 %.
353. MICRO ENT , SMALL ENT , MEDIUM ENT INVESTMENT IN PLANT AND MACHINERY
354.
355. SERVICE UNIT 356. INVESTMENT IN PLANT AND MACHINERY
357. MICRO 358. DOES NOT EXCEED RS. 10 LAKH
359. SMALL 360. ABOVE RS. 10 LAKH AND DOES NOT
EXCEED 2 CR
361. MEDIUM ENT 362. ABOVE 2 CR AND DOES NOT EXCEED 5
CR
363. 364.
365.
366. MFG UNIT 367. INVESTMENT IN PLANT AND MACHINERY
368. MICRO 369. DOES NOT EXCEED RS. 25 LAKH
370. SMALL 371. ABOVE RS. 25 LAKH AND DOES NOT
EXCEED RS. 5 CR
372. MEDIUM 373. ABOVE RS. 5 CR AND DOES NOT EXCEED
RS. 10 CR
374. 375.
376.
377. WEAKER SECTIONS TARGET :--10 % OF ANBC OR 25 % OF PRIORITY SECTOR., SF / MF HAVING UP TO 5 ACRES OF
LAND .
378. AGRICULTURE LOANS :-- MARGIN UP TO 1 LAKH :- NIL , ABOVE 1 LAKH :-15 TO 25 %, AGRI CLINIC / AGRI BUS CENTRE
MARGIN :-UP TO 5 LAKH NIL.
379. AGRI LOANS :--SECURITY UP TO 1.50 LAKH NO SECURITY
380. PAIS :--KCC HOLDER AGE UP TO 70 PERMITTED , DEATH INS RS. 150000, PERMANENT DIS ABILITY RS. 187500 , PREMIUM
RS. 25 p. a. ( BANK RS. 17 p. a , farmer Rs. 8 p a )
381. CANARA KISAN OD :--1 YEAR SATISFACTORY DEALINGS , TENABILTY 3 YEARS, QUANTUM :- IF RECOVERY UP TO 90 %
MAX 3 TIMES OF GROSS ANNUAL INCOME, MAX LIMIT RS. 7.50 LAKH OR RS. 1 LAKH PER ACRE M, MAX 50 % OF
VALUE OF LANDED PROPERTY, IF RECOVERY MORE THAN 90 % :-MAX 4 TIMES GROSS
ANNUAL INCOME , MAX RS. 12.50 LAKH , RS. 1.50 LAKH PER ACRE OR 50 % OF VALUE OF PROPERTY .
382. SOLVENCY CERTIFICATE :=--UP TO RS. 1 LAKH WITHOUT ANY FIN STMT, AND UP TO DECLARED NET WORTH, FROM
RS. 1 LAKH TO RS. 5 LAKH UP TO ACCEPTED NETWORTH , WITH UN-AUDITED FIN STMT , ABOVE RS. 5 LAKH UP TO
ACCEPTED NET WORTH , WITH AUDITED FIN STMT., COMMISSION :-0.10 % WITH MIN RS. 500 MAX RS. 25000 PER
CERTIFICATE , FOR MSME MAX RS. 10000 .
383. CAPABILITY CERTIFICATE :--FOR SUBMISSION TO GOVT DEPT FOR TENDER APPLICATION , COMM RS. 1 PER RS. 1000,
MIN 100 MAX 500 PER CERTIFICATE .
384. PMMY:--PRADHAN MANTRI MUDRA YOJANA :- MICRO UNITS DEVELOPMENT AND REFINANCE AGENCY LTD , UP TO
MAX RS. 10 LAKH , SHISHU -UP TO RS. 50000, KISHORE 50000 TO 5 LAKH , TARUN FROM RS. 5 LAKH TO RS. 10 LAKH,
MARGIN UP TO 25000 NIL, ABOVE RS. 25000 15-25 %.
385. PMAY:--PRADHAN MANTRI AWAS YOJANA :-ANNUAL HOUSE HOLD INCOME FOR EWS ( ECONOMICALLY WEAKER SEC )
UP TO RS. 3 LAKH , FOR LIG ( LOWER INCOME GROUP ) UP TO RS. 6 LAKH, SELF EMPLOYED RS. 2.5 LAKH , MAX 4
TIMES GROSS ANNUAL INCOME WITH 40 % NTH , MAX LOAN RS. 24 LAKH. , REPAYMENT 20 YRS. NO PROCESSING FEE
UP TO RS. 6 LAKH., AGE 21- 60.
386. PROVISION :--SDIRECT ADV TO AGRIO AND MSME ( MICRO AND SMALL ) 0.25%, COMM REAL ESTATE :-1%, , ALL
OTHER LOANS AND ADV :--0.40%, RESTRUCTRED AC UNDER STD CATEGORY :-5 %, SUB STD :-SECURED 15 % ON
TOTAL O/S , UNSECURED EXPOSURE :-25 % ON O/S LIAB., DOUBTFUL ASSET:--UP TO 1 YR DA1 DEFICIT + 25% OF
SECURITY, MORE THAN 1 YR UP TO 3 YR DA2 DEFICIT + 40 % OF SECURITY, MORE THAN 3 YR 100 % FOR BOTH SECURED
/ UNSECURED , LOSS ASSET :-100 %
387. CREDIT AUDIT:-- RS. 1 CRORE AND ABOVE , LEGAL AUDIT RS. 5 CR AND ABOVE , STRESS AUDIT RS. 50 CR AND
ABOVE.
388. SWL :--STD ASSET , 5 CATEGORY A- LIMIT UP TO 1 LAKH, B—1 LAKH TO 5 LAKH, C- 5 LAKH TO 25 LAKH , D- 25 LAKH
TO 1 CR , E- ABOCE 1 CRORE.
389. QUICK MORTALITY ACCOUNTS :--NEW AC LIABILITY RS. 15 LAKH AND ABOVE , BECOMING NPA WITHIN 12 MONTHS
FROM THE DATE OF FIRST DISBURSEMENT.
390. SMA :--SPECIAL MENTION ACCOUNTS , SMA 0 :-PRINCIPAL OR INT PAYMENT NOT OVERDUE FOR MORE THAN 30
DAYS BUT AC SHOWING SIGNS OF INCIPIENT STRESS, SMA 1:--OVERDUE BETWEEN 31 -60 DAYS, SMA 2 :-OVERDUE
BETWEEN 61 - 90 DAYS.
391. CRILC :--CENTRAL REPOSITORY OF INFORMATION ON LARGE CREDITS , RS. 5 CR AND ABOVE BOTH FB /NFB
EXPOSURE .
392. THREE PILLARS OF BASEL :--MIN CAPITAL REQUIREMENT , SUPERVISORY REVIEW , MARKET DISCIPLINE.
393. CREDIT RATING AGENCIES :--DOMESTIC :--BRICKWORK RATINGS INDIA PVT LTD , CREDIT ANALYSIS AND RESEARCH
LTD , CRISIL LTD , ICRA LTD , INDIA RATINGS AND RESEARCH PVT LTD , SME RATINGS LTD ( SMERA ),
INTERNATIONAL CREDIT RATING AGENCIES :--FITCH , MOODYS, STANDARD AND POORS.
394. MODELS UNDER RISK RATINGS :--PORTFOLIO MODEL LOANS UP TO 2 LAKH, SMALL VALUE MODEL ABOCE 2 LAKH
TO 20 LAKH, MANUAL MODEL ABOVE 20 LAKH TO 200 LAKH , RAM MODEL ABOVE 200 LAKK.
395. DEATH CLAIM :-- DELEGATION OF POWER , WITHOUT NOMINEE MGR / SR MGR -UP TO RS. 2 LAKH , DM / CM UP
TO RS. 3 LAKH, AGM UP TO RS. 5 LAKH .
396. BCSBI :---BANKING CODES AND STANDARDS BOARD OF INDIA TARAPORE COMMITTEE, CHAIRMEN :- A C MAHAJAN ,
FOR DEFICIENCY OF SERVICES.
397. CIBIL :--CREDIT INFORMATION BUREU INDIA LTD , EXEMPTION :--BELOW RS. 1 LAKH LOAN , SALARY CREDIT TO AC,
CANARA PENSION , EL, LOAN AGAINST DEPOSIT, GOLD LOAN , STAFF LOAN.
403. DEPOSIT IN BANK 404. DEBTOR 405. CREDITOR
406. LOAN FROM BANK 407. CREDITOR 408. DEBTOR
409. SDL 410. LESSOR 411. LESSEE
412. SCA 413. BAILEE 414. BAILOR
415. ISSUER OF DD 416. DEBTOR 417. CREDITOR
418. COLLECTION OF CHEQUE 419. AGENT 420. PRINCIPAL
421. GOODS LEFT NEGLIGENTLY
BY CUSTOMER
422. TRUSTEE 423. BENEFICIARY
424. PLEDGE 425. PAWNER , PLEDGEE 426. PAWNEE, PLEDGER
427. HYPOTHECATION 428. HYPOTHECATEE 429. HYPOTHECATOR
430. ASSIGNMENT 431. ASSIGNEE 432. ASSIGNOR
433. MORTGAGE 434. MORTGAGEE 435. MORTGAGOR
436.
437. SMA :--SPECIAL MENTION ACCOUNTS , SMA0:- OVERDUE UP TO 30 DAYS, SMA1:-OVERDUES FROM 31 ST TO 60 DAYS,
SMA2:- OVERDUES FROM 61 ST DAY TO 90 DAYS .
438. RED FLAGGED ACCOUNTS ( RFA ) :--RS. 50 CR AND ABOVE , A SUSPICIOUS FRAUDULENT TRANS REPORTED.
439. WILLFUL DEFAULTER CUT OFF LIMIT RS.25 LAKH FIXED BY CVC .
440. LEGAL ENTITY IDENTIFIER ( L E I ) :- FOR LARGE BORROWER CORPORATE , HAVING 20 DOGIT UNIQUE CODE.
EXPOSURE RS. 5 CR AND UP TO 50 CR .
441. ATM / CASH DISPENCER POLICY:-BANK TO REIMBURSE IN 7 DAYS AMOUNT WRONGFULLY DEBITED , FASILED ATM
TRANS . COMPENSATION RS. 100 PER DAY IF COMPLAINT LODGED IN 30 DAYS BY THE CUSTOMER.
442. WORKING CAPITAL METHODS :--TURN OVER METHOD UP TO 5 CR ( SME ), NON SME UP TO 2 CR. MPBF METHOD :--
ABOVE 5 CR TO 25 CR ( SME ) , OTHER THAN SME ABOVE 2 CR , CASH BUDGET METHOD :-ABOVE 25 CRORES.
443. VALIDITY OF SACTIONS :--WC 3 MONTHS , TL 6 MONTHS , STL / ADHOC 30 DAYS.
444. ADHOC CREDIT FACILITY :--MAX 90 DAYS , MAX 2 TIMES IN A FIN YEAR , 20% OF UNEXPIRED REGULAR LIMIT ,
SCALE 4 AND ABOVE IS THE AUTHORITY.
445. TOL ( TEMPORARY OVER LIMIT ) :--MAX FOR 7 DAYS , ONCE IN A MONTH , 12 TIMES IN A FIN YEAR, 10 % OF UN
EXPIRED REGULAR LIMIT , SCALE 4 AND ABOVE IS AUTHORITY .
446. PAYMENT BANKS :--NO LENDING ACTIVITY, MUTUAL FUNDS AND INS BUSINESS , DEBIT CARD CAN ISSUE, CREDIT
CARD CANNOT ISSUE, MIN PAID UP CAPITAL RS. 100 CR , MIN CAR 15% .
447. SUKANYA SDAMRUDHHI ACCOUNT :--INDIVIDUAL ONLY, ONLY ONE AC , AGE UP TO 10 YRS, MAXC 2 GIRL CHILDREN ,
3 IN CASE OF TWINS, AADHAAR IS MANDATORY , MIN RS. 1000 MAX RS. 150000 IN F Y ., FOR 15 YRS , ACCOUNT
MATURES ON 21 YRS OF GIRL, PREMATURE CLOSURE PERMITTED , NO PENALTY , INT ONCE IN A YEAR COMPOUNDED
INT , CAN WITHDRAW AMOUNT ON ATTAINING AGE OF 18 TH OR 10 TH STD PASSED WHICHEVER IS EARLIER.
448. CANARA TRAVEL PRE PAID CARD :--NON PERSONALISED EMV CHIP CARD , AVAILABLE IN 7 CURRENCIES , USD / EURO
/ GBP / CAD / AUD / SGD / AED , CARD VALIDITY 5 YRS , CANNOT USE IN INDIA / NEPAL / BHUTAN / NORTH KOREA ./
CUBA / IRAN. , CAN BE USED FOR POS / ONLINE PAYMENT / ON LINE SHOPPING / ATM WITHDRAWAL AT FOREIGN
LOCATIONS .
449. BHARAT QR :--NO PHYSICAL POS MACHINE IS REQUIRED , SCAN AND PAY , SB /CA , MDR -CHARGES NIL UP TO RS. 2000 ,
ABOVE RS. 2000 MDR CHARGES 0.3 % MAX RS. 200 FOR MERCHANT TURNOVER UP TO RS. 20 LASKH, 0.8% MAX RS.1000
FOR MERCHANT TURNOVER ABOVE RS. 20 LAKH .
LOANS AND ADVANCES INCLUDING BALANCE SHEET ANALYSIS
1. ˜Credit Rating Agencies in India are regulated by: RBI
2. ˜CRISIL stands for: Credit Rating Information Services of India Ltd.
3. ˜Deferred Payment Guarantee is : Guarantee issued
when payment by applicant of guarantee is to be made in installments over a period of time.
4. ˜If Break Even Point is high, it can be construed that the margin of safety is ____: Low.
5. ˜Long Term uses – 12; total Assets – 30; Long Term source 16; What is net working capital : 4
6. ˜On which one of the following assets, depreciation is applied on Straight line method: Computers.
7. ˜Projected Turnover is Rs.400 lacs, margin by promoter is Rs. 20 lacs. What is maximum bank
finance as per Annual Projected Turnover method: 80 lakhs.
8. ˜Rohit was a loanee of the branch and news has come that he has expired. On enquiry, it was
observed that he left some assets. Upto what extent the legal heirs are liable to the Bank? Legal heirs are
liable for the liabilities upto the assets inherited by them.
9. ˜The appraisal of Deferred Payment Guarantee is same as that of a) Demand Loan b) OD c) Term
Loan d) CC : Term Loan.
10. A cash credit account will be treated as NPA if the CC limit is not renewed within ___days from the
due date of renewal: 180 days.
11. A director of a bank wants to raise loan of Rs 10 lakh from his bank against Life Insurance Policy with
surrender value of more than Rs 15 lakh. What will be done?: Bank can sanction.
12. A firm is allowed a limit of Rs.1.40 lac at 30% margin. It wants to avail the limit fully. How much will
be the value of security : Rs.2 lac
13. A guarantee issued for a series of transactions is called: Continuing guarantee
14. A lady who has taken a demand loan against FD come to the branch and wants to add name of her
minor son, as joint a/c holder. What you will do?: Name can be added only after adjustment of the loan.
15. A letter of credit which is issued on request of the beneficiary in favour of his supplier: Back to Back
LC
16. A loan is given by the bank on hypothecation of stock to Mr. A. Bank receives seizure order from
State Govt. What should bank do?: Bank will first adjust its dues and surplus if