All IIBF Certifications ,JAIIB ,CAIIB PDFs in single link

 All IIBF Certifications PDFs in single link

Be safe ,stay safe during this covid pandemic

Read corresponding  IIBF book 1st Macmillan / Taxmann.

These all materials are extra information to get knowledge.

All the best

IIBFADDA4U:

https://iibfadda4u.blogspot.com/?m=1

Certified credit officer/Professionals

https://drive.google.com/file/d/1gOQqlXN7xcob8NlCksw1QPNB4dwhx82Y/view?usp=sharing

MSME
https://drive.google.com/file/d/1NvERhcOJ-8xcv9uv1bk05ou8Bl14CTSC/view?usp=sharing

KYC AML:
https://drive.google.com/file/d/1zpqN21AXXzwzV_yTbCLBuSybfNM7j6lC/view?usp=sharing

BCSBI
https://drive.google.com/file/d/1w-RBo1YfvZYkfi24DIcTPoU9A8q_O-uT/view?usp=sharing

CAIIB ABM
https://drive.google.com/file/d/1LInaggp8952i1c4KV0yxDgiC8Rx3Fsri/view?usp=sharing

CAIIB IT
https://drive.google.com/file/d/1E3pVTlfNzic5E4SeahmEQcPxs-JW3Hse/view?usp=sharing

Certified Treasury Professionals:
https://drive.google.com/file/d/1nB3Wv1I44H9hFhEYzHeBpUHi3HBLfV_w/view?usp=sharing

Digital banking
https://drive.google.com/file/d/1Tm3SZeBECAeTK28jSCYrN-1aRbURw6R9/view?usp=sharing

Forex Individual
https://drive.google.com/file/d/1qG9i-gQqxzDG5Oa6j3zHhe2faXfQssjd/view?usp=sharing

Forex Operations
https://drive.google.com/file/d/1oaFzYCOX_Boz53hCklaa7R-ur6DdDw-_/view?usp=sharing

Cyber Crime and fraud management
https://drive.google.com/file/d/1MGVZgyxll_lucBWEPWWCu3wu24kWYUj6/view?usp=sharing

Information System for Bankers
https://drive.google.com/file/d/1D_mWlRqSZvKFUoijMvPIQIBxLlTu-UA4/view?usp=sharing

By Mr Aravind

https://drive.google.com/file/d/1NL_dNgrCYpsIGRRA9RsQc9bSV78EDX9w/view?usp=drivesdk


International Trade Finance
https://drive.google.com/file/d/1Pi0_kvj3F2guGfMlXPaMC4P7XrR1MYEs/view?usp=sharing

IT SECURITY
https://drive.google.com/file/d/1rg8Ot3GKwJcc-9UV20ig1zH3wrOGFKBt/view?usp=sharing

Microfinance
https://drive.google.com/file/d/102GAyROfBW3H_n6sIsq4BvtgFcqBQcfV/view?usp=sharing

Risk In financial services
https://drive.google.com/file/d/101JE5X7A4nXBTlPUHDyip5aWY9Uo41zs/view?usp=sharing

Certified Audit  Professionals:
https://drive.google.com/file/d/11hfLHlbBkgX0EtZ7TLF897i1gnM_0Zbo/view?usp=sharing

ALL JAIIB Materials:

https://drive.google.com/drive/folders/1F_yx2oHd_2KyvexNC--3-k55w4TYSmjM?usp=sharing

ALL CAIIB Materials:

https://drive.google.com/drive/folders/1j8VH_BiB11aq-NppCfBd8hqBRxUzD4Kk?usp=sharing

PPB recollected questions on 06.12.2020

 06.12.2020

SMA-0 Principal or interest payment not overdue for more than 30 days but account showing signs of incipient stress

SMA-1 Principal or interest payment overdue between 31-60 days

SMA-2 Principal or interest payment overdue between 61-90 days

Governor of the Reserve Bank of India – Chairperson, ex officio; (Shri Shaktikanta Das) of MPC

5 Mark's question are easy just odd one out you can manage them easily

Many questions on ethics and professionalism

One question was there on there on LC financing

Call money

Locker nomination

CRR

Conflict of interest

Penetration marketing

Minor do not want to be a partner

Basel 2 and 3,

Marketing mix,

case studies on nomination in locker accounts,

LANS,

business value,

Ethical dilemma,

pledge,

hypo, .

mortgage and assignment match the following,

numerical on NPA provision for doubtful assets.

Priority sector advances to weaker sections,

updated investment and turnover for micro industries,

diversification,

MKIS

customer banker relationship

question regarding SWITF

PMJDY

PMAPY

PMJJBY

PMSBY

Fair practice of lending

Non popular social networking site

Code of conduct for Direct Sales Agent made by?

Valuation of Mutual fund on...

Pre shipment credit

FCNR(B) is ___ form of term deposit

Data mining tools

Frauds committed by large number of customers

Call money market

Minor who doesn't want to be in partnership should do...

Business facilitator work on behalf of...

Ethical Dilemma

Increase in CRR...

type of mergers

Locker operation related

current ratio compare

Liberalized Remittance scheme related

marketing 15 question

ethics 15 questions

Cash management services related

Mutual fund scheme

NPA- D1, D2 related questions

Provisioning numerical

Priority sector related

Identify weaker section

Endorsement case study

Banking regulation act ke question

Rangarajan Committee

Narasimham committee

Classification of Assets 

Computerization in Banks 

Priority Sector – Target 

Money Market 

Marketing Ethics 

Match the Following – Vehicle, LIC Policy, Land, Hypothecation, Pledge Etc 

Provision of Doubtful Assets 

Banking Regulation ACT 

NPA 

General Banking – Either or Survivor 

MSME 

TNW 

Current Ratio 

SWIFT – related working DAYS 

CRILC – who developed (Ans: RBI) 

REPO RATE – Definition 

MICRO/SMALL /MEDIUM 

ISO Standards for smart cards – ISO 7816

ATM 

Weaker sections in PSL 

PMJJBY 

Mortgage 

MCLR 

PRODUCT MIX 

Ex-Officio chairman of MPC (Ans: RBI Governor)

Penalty of non-maintenance of CRR 

Debt Market 

Marketing & Product Development 

Product Life Cycle Stages 

NRLM Objective 

Letter of Credit 

Commercial Paper 

MKIS(Marketing Information System)

 Rangarajan Committee

Narasimham committee

Classification of Assets 

Computerization in Banks 

Priority Sector – Target 

Money Market 

Marketing Ethics 

Match the Following – Vehicle, LIC Policy, Land, Hypothecation, Pledge Etc 

Provision of Doubtful Assets 

Banking Regulation ACT 

NPA 

General Banking – Either or Survivor 

MSME 

TNW 

Current Ratio 

SWIFT – related working DAYS 

CRILC – who developed (Ans: RBI) 

REPO RATE – Definition 

MICRO/SMALL /MEDIUM 

ISO Standards for smart cards – ISO 7816

ATM 

Weaker sections in PSL 

PMJJBY 

Mortgage 

MCLR 

PRODUCT MIX 

Ex-Officio chairman of MPC (Ans: RBI Governor)

Penalty of non-maintenance of CRR 

Debt Market 

Marketing & Product Development 

Product Life Cycle Stages 

NRLM Objective 

Letter of Credit 

Commercial Paper

Business value

Ethical dilemma

Pledge, hypo, mortgage and assignment match the following

Numerical on NPA provision for doubtful assets

Priority sector advances to weaker sections

Updated investment and turnover for micro industries

Diversification

MKIS

Basel 2 and 3

Marketing Mix

Case studies on nomination in locker accounts

LAN

Questions on cheque conversion

call money market

PMJDY

Fair practice of lending

Non popular social networking site

Code of conduct for Direct Sales Agent made by?

Valuation of Mutual fund on…

Pre shipment credit

FCNR(B) is _ form of term deposit

Data mining tools

Frauds committed by large number of customers\

Call money market

Minor who doesn’t want to be in partnership should do…

Business facilitator work on behalf of…

Ethical Dilemma

Increase in CRR…

PMAPY

PMJJBY

PMSBY

Banking definition

Accept deposit purpose

Bank interest rates in marketing

Which one is not mkis

gross advance

Net working capital

Weaker section categories

Fair practice of lender 2 to 3 questions

mutual fund related 1

Rangarajan Committee

Narasimham committee

Classification of Assets

Computerization in Banks

Priority Sector – Target

Computerization in Banks

Priority Sector – Target

Money Market

Marketing Ethics

Match the Following – Vehicle, LIC Policy, Land, Hypothecation, Pledge Etc

Provision of Doubtful Assets

Banking Regulation ACT

NPA

General Banking – Either or Survivor

MSME

TNW

Current Ratio

SWIFT – related working DAYS

CRILC – who developed (Ans: RBI)

REPO RATE – Definition

MICRO/SMALL /MEDIUM

ISO Standards for smart cards – ISO 7816

ATM

Weaker sections in PSL

Mortgage

MCLR

PRODUCT MIX

Ex-Officio chairman of MPC (Ans: RBI Governor)

Penalty of non-maintenance of CRR

Debt Market

Marketing & Product Development

Product Life Cycle Stages

NRLM Objective

Letter of Credit

Marketing Ethics

Match the Following – Vehicle, LIC Policy, Land, Hypothecation, Pledge Etc

Provision of Doubtful Assets

Banking Regulation ACT

NPA

General Banking – Either or Survivor

MSME

TNW

Current Ratio

SWIFT – related working DAYS

CRILC – who developed (Ans: RBI)

REPO RATE – Definition

MICRO/SMALL /MEDIUM

ISO Standards for smart cards – ISO 7816

ATM

Mortgage

MCLR

Marketing & Product Development

Product Life Cycle Stages

NRLM Objective

Letter of Credit

Commercial Paper

MKIS(Marketing Information System)

JAIIB-PPB-RECOLLECTED QUESTIONS FROM 05.05.2019

 JAIIB-PPB-RECOLLECTED QUESTIONS FROM 05.05.2019

1. Age limit of pmjdy account holder for od limit

2. In case of natural death in which insurance category it comes like plant or jjby

3. In how much time atm holder claims for insurance

4. OD limit for pmjdy account holders

5. which is not part of social media? pinterest/instagram/facebook/wikipedia

6. PMJJBY

7. PMSBY

8. Consolidation of firms

9. MCLR

10. Garnishee order

11. Bankers cheque validity from date of issue

12. A and b are having locker operation with e or s.. c is appointed as nominee... now A is expired...who can operate the locker

13. Topology network means?

14. NET is used for?

15. SWIFT operation means

16. 8 questions from ethics, mainly business ethics

17. Conditional mortgage

18. Clayton rule

19. Questions from lien, set off, hypothecation, pledge

20. Who's the weaker section in priority sector lending?

21. Not maintaining SLR how much penalty?

22. SHG max age

23. Factoring Forfeiting

24. Cersai within how many days to be registered

25. Which of the following functions are carried by IRDA in India? (i) Regulator of insurance companies, (ii) Regulator of insurance products, (iii) Supervision of the general insurance market

a. Only (i) and (ii)

b. Only (i) and (iii)

c. Only (ii) and (iii)

d. (i) (ii) and (iii)

JAIIB exam pdfs

 JAIIB exam pdfs 

Recollected:

https://iibfadda.blogspot.com/2020/05/single-link-for-jaiib-recollected.html

AFB:

https://drive.google.com/file/d/1BnoncVFjreat6zPffZa9AJ5mIkgnp6p4/view?usp=sharing

https://drive.google.com/file/d/1vol4FNVmge6mBnSlfEH7EO0FRWhx3oIf/view?usp=sharing

https://drive.google.com/file/d/1PJFWJHaUBu7HF357QLIOJke-NHcAejUx/view?usp=sharing

https://drive.google.com/file/d/1xSVTIcGgswBR772KlOQkMKl1hZOd7I56/view?usp=sharing

https://drive.google.com/file/d/1sY9oVx3RjsA3IXnRmP6Qdq2D9sgihjXs/view?usp=sharing

AFB Numerical:

https://iibfadda.blogspot.com/2020/12/jaiib-afb-numericals.html

PPB:

https://drive.google.com/file/d/1IEVowJJPCG_xzoiQu9e8CU7ncFoJNxfe/view?usp=sharing

https://drive.google.com/file/d/1HRtOHhNtdrmSt0QaJr0puemO1N_DZ9rj/view?usp=sharing

Legal:

https://drive.google.com/file/d/1w8d5lxM8IoIYE-PZaLOrXA4BMfSfINbO/view?usp=sharing

https://drive.google.com/file/d/19FJUtZPI53r4vrG321llLlCnp-Gxe-Hn/view?usp=sharing

Additional collection:

https://drive.google.com/drive/folders/1Av6M4sMPtNdhuzWrf_-KsXWAN43CKotJ?usp=sharing

Legal last minute revision::  very important notes

https://iibfadda.blogspot.com/2020/12/very-useful-for-jaiib-legal-points-and.html

How To Clear JAIIB Exam

Let us talk about JAIIB passing marks criteria, passing marks, jaiib study materials and how to pass jaiib exam easily.

JAIIB & CAIIB are 2 flagship Course of Indian Institute of Banking and Finance commonly known as IIBF, an Institute for professional excellence in the field of banking and finance. JAIIB/CAIIB Exam is conducted twice in a year. The course is based on various acts, latest circular and current practices followed by banks. JAIIB aims at providing maximum level of basic knowledge in banking and financial systems, banking technology, customer relations, basic accountancy and legal aspects necessary for carrying out day to day banking operations whereas CAIIB aims at providing advanced knowledge necessary for better decision making covering risk, financial and general bank manageme

How to clear JAIIB Exam

Cracking these exams without preparation is tough task and it is fact that bankers do not get enough time to prepare for such exam that too serving duty for 10 hrs. Hence most of the candidates appear in such examinations with last minute preparation with fire fighting situation. However with a proper planning of study on routine basis such exam can easily be cracked.

Passing marks for JAIIB are 50% aggregate and 45% in each subject.

Simple steps to prepare for the JAIIB exam

1. Get the right Books

2. Know your syllabus

3. Make a strategy for studying

4. Practice and attempt some mock tests for JAIIB

Subject Wise Tips:

Principles and practices of banking

Concentrate on Module A and Module D which can be easily understood.

Module A will give you 20 marks approximately, simply go through my blog in which i covered the topics in a very lucid manner keeping in mind both JAIIB and CAIIB.

In module A cover banking regulation, Retail Banking, Wholesale banking Mutual Funds–AMFI, CapitalMarkets–SEBI, insurance-IRDAI, Factoring&Forfaiting Services, Basel Norms for Banking

In Module B read key concepts keeping in mind the important headings like Payment and Collection of Cheques, Bankers Rights, Banker Customer Relationship

Accounting and Finance

Don’t read McMillan book line by line, just go through summary and MCQ’s.

It is the toughest of the three and hence need special attention and more time should be devoted for this paper.

Learn to use calculator to solve complex problems with 9 to the power 60, soon I will update some techniques, keep following me.

Trick here is to prepare numericals because they are mostly of 2 marks as you might be knowing that Jaiib includes 0.5 marks, 1 marks and 2 marks questions.

Start by numericals of Foreign Exchange topic as they are easier and direct. Ratio analysis, Double Entry system, Bond valuation are important topics.

Follow youtube for each and every topic and prepare notes for every topic for ready reference.

Be through with the formulas like present value, future value, NPV, bond valuation, sinking fund, current ratio, quick ratio, depreciation, annuities & EMI which I will be covering in my blog in near future.

Legal and Regulatory Aspects of Banking

It is of medium difficulty level but is very lengthy and purely theoretical subject. Don’t read McMillan book line by line, just go through summary and MCQ’s.

Module A is easy when compared to remaining – Min 10 marks from this module.

Module C and D deals with various acts, simple to understand and important acts are partnership act, consumer protection act, banking ombudsman, SARFESI Act.

Finally, take up the exam seriously have a daily routine of spending 1 hour per day. you can clear the exam with ease

Endorsement

TYPES OF ENDORSEMENT

☑ BLANK ENDORSEMENT:
(Sec 16-1) : Signed without writing any instruction above the signature (as to whom to pay).Such cheque becomes payable to bearer u/s 54.

Blank endorsement can be converted into full by writing name of a person, to whom to pay, above the signatures.

☑ ENDORSEMENT IN FULL : Where endorser writes the name of person to whom to pay above signatures. 

Instruments becomes payable to endorsee. Such endorsement followed by an endorsement in blank, makes the instrument payable to bearer.

☑ RESTRICTED ENDORSEMENT (Sec 50):
Where endorser restricts further negotiation (pay to ….. only). In this case, the endorsee can obtain payment but cannot endorse further.

☑ FACULTAT1VE: Where an endorser waives the condition of notice of dishonour

☑ SANS RECOURSE :
Where the endorser withdraws his liability by specifically writing so. (pay to X without my liability). In this case, in case of dishonour, the endorsee cannot recover from the endorser.

☑ FORGED :
When endorser's signatures are forged. Title does not pass to any person on the basis of such endorsement and it remains with the payee or last endorsee.           
A person getting a cheque after such endorsement, does not become holder as he gets no title to the cheque.

Paying bank is protected (u/s 85-1) on payment on the basis of forged endorsement if it is regular.

Jaiib PPB recollected on 05.05.2019

Recollected PPB questions on 05.05.2019 updating by srinivas kante

CRR ration of schedule
commercial banks under basel3 norms.
2.protocol used for file transfer (FTP)
3.networks to network is called( Internet)
4.ombudsmam person is required if a bank has —- no of outlets.( 7,10,5)
5.Factioring question 2 marks

Lady come with 9 yr old child and asks u to open minor account to be operated by her (ahe as natural Guardian)..what you will do?

 internet defination
Troplogy defination.
What is INEt,
factoring.
Hypothecation.
Assignment
Market information system
Absorption price
SEBi function

Two times endorsed cheque one que

Product development atages-maturity stage was asked in details

Feature of cheque truncation system

Money market instruments were asked

Which of the following is direct marketing? Zero level , one level were the option

Not a Function of marketing? Planning, implementation, control, correction

Credit information can be accessed by which parties?

Banker customer relationship

Consumer protection act- national commission is established by

STR to be submitted within -7 days

que on cersai, int subv., security charge on actionable claim by_____ , goi hold 100 stake in ??  options r -- sbi , hdfc , postal payment bank

If some otherwise major part is to be kept aside during screening then it's -----1)MIKS error 2)Major error something like this

Interest rate on unclaimed account




1 age limit of pmjdy account holder for od limit
2 In case of natural death in which insurance category it comes like plant or jjby
3 in how much time atm holder claims for insurance
4 od limit for pmjdy account holders,
5  which is not part of social media
A pinterest
B instagram
C facebook
D wikipedia

Pmjjby pmsby
consolidation of firms
mclr
garnishee order

1.Bankers cheque validity from date of issue
2. A and b are having locker operation with e or s.. c is appointed as nominee... now A is expired...who can operate the locker
3.Topology network means?
4. NET is used for?
5 SWIFT operation means




8 questions from ethics, mainly business ethics
Conditional mortgage
Clayton rule
Questions from lien,
set off,
hypothecation,
pledge
Who's the weaker section in priority sector lending?
Not maintaining SLR how much penalty

Which of the following functions are carried by IRDA in India?
(i) Regulator of insurance companies
(ii) Regulator of insurance products
(iii) Supervision of the general insurance market
A. Only (i) and (ii)
B. Only (i) and (iii)
C. Only (ii) and (iii)
D. (i) (ii) and (iii).

Cooperative bank can borrow 2% .....how many points base

PPB JAIIB (05.05.2019 morning batch)
- PMJJBY max age
- SHG max age
- factoring forfeiting
- Marketing ( max no of questions )
- Cersai within how many days to be registered
- NURLM - subsidy amount
- Book Debts
- 8 questions on Business Ethics
- conditional mortgage
- Clayton s rule
- lien
- rite to set off
- hypothecation
- pledge
- weaker section in priority sector lending
- penalty for not maintaining SLR
- Co operative bank can borrow 2%
- how many points base interest subvention in NULM NRLM % and upto wat amount
- OD limit for PMJDY 5000
- possession can transfer in which type of mortgage - unsufructuary mortgage
-provision related questions (3)
- questions on priority sector lending
- YOJANA s ( PMJDY PMSBY PMJJY PMJBY )
- cersai mortgage related questions
- IRDA / SEBI / RBI related questions
- Doubtful NPA provisioning

- EMV stands for EUROPAY MASTER card & VISA

NRLM subsidy amount
Right of subrogation
Kharif season food grain PMFBY premium
PMJJY max age
Bussiness ethics
Penalty on non maitainence of SLR
Claytons rule
DD cancellation?
Cheque payment after working hours
Market stabilisation scheme purpose
Supervision of RBI
Marking concept
Basel concept
Npa concept

Garneshe order , cersai , pmjdy, pmjjy ,pmsby
Recollected Questions from Today's Exam...

Today's question ....
Cylton rule
Npa provisioning
5- 6 question From Ni act
Minor comes which act
Gandhian thought from kuran; gita etc 😊
Submention secme
Securities
Limitation
Mclr related two questions
Slr penalty
From Garnisee order
Clearing cheque question
Str reports  submit within 15 days
Fake currency reports
NASDAQ from
Ctr cheque
5 - 7 question from bank deposit policy
 2- 4 question from   insurance sector
1 -2 question from act
Question from ndtl
 Question from Whistle blower policy
Neft related
What is inet
Which option not come from social site 😊 youtube facebook wikipedia
Atm switch
Multiple pin use - debit card credit card; smart card 😊
Question from cbs
Minor account  can open with mother/father
Swift
Questions related to provisioning of NPA,
priority sector targets  sub targets
business ethics.
4 p, 4c, study the mcq of each chapter from the book
Market stabilization schemes
Workplace ethic...
PMSBY loss of one eye one hand insurance cover..
Network of networks...
Cylton rule..
In factoring sevice the factor provides
business ethic refers to
Phishing attacks
.objective of relationship management.
.function of CKYCR
.SWIFT  features
.SMFis mandatory for exchange of information smoothing in...
.facilities required by exporters from bank...
.TReDs act

MARKETING CONCEPT JAIIB PPB

MARKETING CONCEPT
Market
A situation where buyers and sellers of a
commodity interact.
Coming together of buyers and sellers of
the same or similar commodities
TYPES OF MARKET
Geographical Area
Product
Nature of Transaction
Volume of Transaction

MARKETING
Marketing is the process of determining
consumer demand for a product or service,
motivating its sale and distributing it into
ultimate consumption at a profit
A management function
A Business Philosophy

EVOLUTION OF MODERN MARKETING
Industrial revolution
Digital revolution
Barter System
Customer and market driven
Wants of customers
CRM
Customer Satisfaction
Nothing is worthwhile unless it
touches the customer


Selling Vs Marketing




Selling is an operational
activity
Marketing is a total
management
Selling is product
focused
Marketing is customer
focused
Selling is oriented to the
needs of the firms
Marketing is oriented to
the needs of the buyer
Selling encashes
profitable opportunity
marketing coverts
customer needs into such
opportunities
Selling aims at
maximizing sales volume
Marketing aims at
maximizing customer
satisfaction


Selling=
Factory > Products > Selling and
promotion > Profits
Marketing=
Target market > Needs > integrated
marketing > Profit by customer
satisfaction

JAIIB today's exam recollected 04 November 2018 ...Link will be continuously updated

JAIIB today's exam recollected 04 November 2018 ... Link will be continuously updated

1.Two questions on Basel 2 and 3 ... each 2 marks question

2.NEFT and RTGS details for 4questions

3.Can you accept it with as NEFT or RTGS or vice versa

4. Sections are asked from NI Act  around 6 questions
5.PMDJY - 3Qtns
6.A has dream cheque at Delhi, and sent for clearing to bank Y where he has his AC, it was returned due to insufficient funds 
Which Court A can approach
A resident location
Delhi
Y Bank
7.Mandate holder features in two questions
8.Can Two minors open a Joint AC?
9.LC issued for 10 lakh, at the time payment it was found in the bills mentioned as 10.90.. can it be acceptable or not   Answer Accept
10.Use of DRS system to CBS
11.Matching of 
Lien
Set off
Pledge
Appropriation 
with 

Rights of Physical property FD created before maturity of loan
12.Where as ASBA can be used
13.One qtsn Selective Credit Control.
Asked to find out which is not a feature of SCC
14.No of Cycle of a Product
15.Stages of Product   ..4
16.What's your reason while accept/not to accept to provide an acknowledgement for Loan request
17.Electronics chq is defined under sec...
18.Sec 6 ni act
19.Which asset cannot assign for loan?
Book Dept
LIC
Share certificate
Copy rights**
20.Minimum credit rating of company for issue CP should be _ 
A1
AAA
Aa1
A3**
21.Asset of mutual fund are held by 
Custodian**
Registar
Trusstee
Amc
22.Corporate security dealt with  __market    money market
23.Codes which are withdrawn by RBI?

24.Question related to bcsbi was there..
25.Which one is stamp duty
Lc
Bill purchase
Bank guarantee**
Bill discounting

26.A partner acts as agent of firm is called______
27.In call money what% can commercial bank take an advance?125
28.Electronic cheque is defined in section 6

29.Under LRS resident can remit______
30.. Servuction means what, 
31. Pull strategy pull means demand, supply, price, quality. 
32. Who introduces NEFT. 
34. in joint account nominee is their A expired in that what you will do. 
35. Kotler  marketing defination.
36.Forfiating,factoring
37.BG

                                            

                                             

                                            

PPB- BANK SPECIAL RELATIONSHIP

PPB- BANK SPECIAL RELATIONSHIP

✅1. A mandate (an unstamped agreement) is an authority given by the account holder in favour of a third person to do certain acts on his behalf.

✅2. Institutions cannot issue mandate, instead they issue a power of attorney.

✅3. Power of Attorney is a legal document (as it is a stamped document and is executed in the presence of a notary public/magistrate of a court/authorized government official) executed by one person called donor (principal) in favor of another person called donee agent to act on behalf of the former, as per the authority given in the document.

✅4. Donee means the person who issues Power of Attorney and donor means the person to whom Power of Attorney is given.

✅5. General/universal power of attorney is issued for acting in more than one transaction while special/limited Power of Attorney is issued for only one transaction.

✅6. Garnishee order is an order of the court obtained by a judgement creditor attaching the funds belonging to a judgement debtor (customer) in the hands of his debtors, including a bank, who is called a garnishee, advising not to release the money until directed by the court to do so.

✅7. Cheques presented after service of the garnishee order should be returned with the ?refer to drawer? remark.

✅8. Preliminary proceedings of a court are called garnishee order nisi.

✅9. Subsequent proceedings of a court are called garnishee absolute.

✅10. When a bank has a prior right to set-off, the bank is not bound by the garnishee order.

✅11. When a lien is marked on fixed deposit receipts, it cannot be attached by a garnishee order.

✅12. Any excess over the lien is attachable by the garnishee order.

✅13. Orders received from the court for recovery of certain debts are called garnishee order.

✅14. Orders received from the revenue authorities (income tax/sale tax authority) are called attachment order.

✅15. Credits received after garnishee orders are not attachable because debts due or accruing at the time of receipt of order are only attachable.

✅16. In ""Joint Accounts"" with ""Either or Survivor"" clause, ""Garnishee Order"" if in a single name, cannot be attached.

✅17. In ""Joint Accounts"" with ""Former or Survivor"" clause, ""Garnishee Order"" if in a single name, can be attached.

✅18. The personal accounts of a partner can be attached with garnishee order for the firm?s debt.

✅19. The trust?s account cannot be attached garnishee order.

✅20. When a customer has more than 1 account and one is in credit and other is in debit, then the garnishee order can be attached only if the net result is in credit.

✅21. A lien is a right of the banker to retain possession of the goods and securities owned by the debtor until the debt due from the latter is paid.

✅22. The banker?s lien is an implied (understood) pledge (promise/guarantee).

✅23. In case of lien, the bank can sell the goods and securities in case the debt is not paid under section 171 of the Indian Contract Act 1872.

✅24. Lien cannot apply in safe deposit locker.

✅25. Set-off means adjusting debit balance in one account with an account having credit balance of the same customer.

✅26. A deceased credit account and a customer debit account cannot be combined.

General banking JAIIB

1.Mutual Funds are controlled by: SEBI.
2.Duplicate DD should be issued within: 14 days from date of request.
3.Public Debt Office (PDO) is an ______: Autonomous body and Investment Banker to Central Govt.
4.What is the rate of TDS in case of Savings Bank deposit account as per Income Tax Act Section 80TTA : TDS is not applicable in
savings bank interest.
5.What is the rate of TDS in case the customer does not submit PAN card and 15G/ 15H : @ 20%.
6. Complaints under Consumer forum should be dealt with within (Where no testing of commodities is required) : 90 days
7.Locker Operation to be categorised under High and Low risk. In case of non-operation of such accounts for ____ and ______: 1
year and 3 years respectively.
8.Maximum deposit for allotting a locker: 3 year advance rent plus locker breaking charges.
9.What is the latest RBI directives for issuing DD for amount of Rs. 20,000 and above: It should Account Payee only.
10. RBI can issue bank note with highest denomination : Upto Rs. 10,000
11. Govt. of India can issue currency note in denomination of : Rs. 1
12. In FDR if the principal and interest is Rs. 20,000 or above it is not to be paid in cash as per: Section 269T of Income Tax Act.
13. SB /CD to be treated as inoperative if there are no transaction for over a period of: 2 years
14. If counterfeit notes up to _______ are detected in a single cash transaction in the bank branch, the bank should send a
consolidated report to the Police at the end of the month?: Less than 5.
15. Letter of Administration is issued by court when: A person dies without leaving a Will ( Intestate).
16. When is letter of administration issued:When a person dies intestate.
17. Differential rate of interest can be paid on fixed deposit if deposit is for: Rs.1.00 crore and above.
18. What is Hybrid debt instrument? a) Debenture b) Bond c) Preference shares d) Convertible Bonds*
19. Implied authority of a partner does not allow ______ singly? Settle a dispute relating to the business of the firm thru
arbitration.
20. If ____ number of counterfeit notes are detected in single transaction, a consolidated report sent to police station: Less than
5.
21. Under Ombudsman, on receiving the award both the bank and the complainant can appeal to the appellate authority in how
many days: 30 days.

22. TDS deducted for interest amount: If interest amount is above Rs 10,000/-.
23. Minimum subscription in PPF cannot be less than: Rs.500/-.
24. The single portal initiated by Ministry of Corporate Affairs for one stop solution for all Companies: MCA21.
25. The RBI is using _____ index of inflation for policy making: Consumer Price Index.
26. BCSBI is affiliated or regulated by? An independent body.
27. Certificate of Incorporation is: Not required in case of Pvt Ltd Co’s.
28. What is full form of IFRS: International Financial Reporting Standards.
29. General Insurance works on principle of: Spread of Risk.
30. Contract of Insurance is a contract of: Indemnity.
31. FIR to be filed if number of Counterfeit notes in a single deposit is: 5 or above.
32. Under RBI KYC directives, CFT stands for: Combating Financing of Terrorism
33. Full KYC is required at least once in __ yr in case of high risk customer: 2 years
34. Govt. of India issue which note : Re. 1
35. Letter of administration is issued by court when: there is no Will and there is estate to manage.
36. Time limit for preservation of record under KYC: 5 years from close of account in respect of records relating to opening of
account and 5 years from date of transaction in respect of transactions reported to FIU.
37. If Locker rent is Rs.7400/- per year, locker breaking charge:Rs.2000/-, how much Maximum deposit can be taken from the
lessee while allotting a locker?: Rs.24200/-
38. ALCO does not decide: Budgets and Targets
39. The focus of Asset Liability Management is: To protect Net InterestMargin.
40. A customer deposited huge amount in cash several times. When Branch manager enquired about the same, the customer did
not give the details. What should be done?: Report to FIU as part of Suspicious Transaction Repot.
41. When the letter of Administration is issued by court?: When the customer expired without writing will.
42. R Gandhi commitee related to: Urban Co-operative Banks (UCBs); to strengthen co operative banking structure.
43. Headquarter of world economic forum: Cologny, Switzerland
44. What payment bank cannot do: Lending
45. SLR w.e.f. 2016-17: 20.50%
46. Under Sovereign Gold Bond scheme maximum units acquired up to: 500 unit (i.e. 500 gm gold).
47. SCORES is related to - a)SEBI; b)IRDAI; C)PFRDA: SEBI. SCORES is Sebi's online platform that provides a centralised database of
all complaints.
48. In case of Fixed Deposits premature payment option is must for the deposit up to : Rs.15 lac
49. Scoring is related to which of the following - a.RBI. b.NSE c.PFRDA d. None of these:
50. Maximum foreign investment in Public sector bank: 20%
51. For Payment bank, Reliance Industries tie up with: SBI
52. Gold Monetisation Scheme: MTGD interest rate: 2.25%
53. Committee on Bankruptcy Law: T.K.Vishwanathan
54. Money market mutual fund regulated by? Earlier by RBI and now by SEBI
55. What is the target for CPI based inflation in Jan 2016?: 6%
56. Bhartiya Mahila Bank is a) Nationalized bank, b) Gramin bank, c) Public sector bank, d) Private bank: Public Sector Bank
57. Indian Currency Rupee is in circulation in two more countries. One is Nepal, the other is _______: Bhutan.
58. Why International Financial Reporting System (IFRS) should be implemented: For comparison of financials of companies
operating in two different international jurisdictions.
59. The value of a gift that can be given by banks to its customers cannot exceed rupees: Rs. 250
60. Which is not the function of ALCO: Achieving Budget target.
61. Maximum age under PMSBY: 70 Years.
62. Monthly consolidated report to Police in case of how many counterfeit notes: Detected upto 5 and above pieces in a
63. What is incorrect about RTI: Reason to be mentioned in RTI application.
64. Which of the following is not a case of bailment?: When cash is deposited with bank.
65. Full form of P-notes in financial jargon? Participatory Notes
66. International Financial Reporting System (IFRS) should be implemented: For comparison of financials of companies operating in
two different international jurisdictions.
67. After issuing a Garnishee Order by court, Bank is referred is _______: Garnishee.
68. What is Regressive Taxation: As the tax base increases or income increases, the taxation rate decreases.
69. The coins of which denomination have been released as part of the 125th birth anniversary year celebrations of Dr. B.R.
Ambedkar? (10 rupee and 125 rupee)
70. According to report of the Global Financial Integrity’s (GFI’s), India has been placed at which position in black money outflows

among the developing and emerging economies? (Fourth)
71. Who is the CEO of NITI Aayog? (Amitabh Kant)
72. Name the Central bank of U.S. (Federal Reserve System)
73. Who has been appointed as an Executive Director on the board of International Monetary Fund (IMF). (Former RBI Deputy
Governor Subir Gokaran)
74. Which bank has recently been pulled up by the CBI for disbursing Rs. 950 crore to KFA despite it having an unfavourable rating?
(IDBI Bank)
75. Name the New Finance Secretary: Ratan Watal.
76. NABARD undertakes supervision on which type of Bank: RRBs.
77. Hindi day is celebrated on: 14th Sept.
78. Annual Inspection of large loans is carried out by RBI inspectors. What is this audit is called? Statutory Audit.
79. What is minimum amount of DD which should be issued by bank with account payee crossing: Rs. 20,000.
80. Aggregate Capital Market exposure of a bank should not be more than: 40% of net worth of bank
81. Minimum capital required for Small Finance Bank and Payment Banks is Rs. _______: Rs.100 cr.
82. Service Tax increased to 14.50% with effect from : 15.11.2015 and 0.5% wef 01.06.2016 (KISAAN CESS)
83. What should be the Promoter contribution in Small Bank: 40%
84. What is the interest rate in case of Sovereign Gold Bond scheme: 2.50%.

Very Very useful general banking MCQs

Very Very useful general banking MCQs

1. ______is a money market instrument, which enables collateralized short term borrowing through Govt. securities: Repo
Rate.
2. While issuing DD of Rs.50,000/- and above what should not be accepted: By cash
3. Call option stands for: Right to Buy but without obligation to buy.
4. ˜Call Money market refers to the market for short term funds ranging from _____: Overnight funds
5. ˜In Ultra Small Branches, a designated offi cer will visit the connected to Bank’s central server (CBS): Bank discretion.
6. ˜Maximum deposit in PPF in a FY: Rs.1,50,000
7. CRR decided by: RBI
8. ˜Public Debt Office (PDO) is an ______: Autonomous body and Investment Banker to Central Govt.
9.Clean Audit Report means : An audit report without any qualifications
10. ˜What is full form of USB: Ultra Small Branch.
11. cross selling: Offering banks products to existing customers
12. What is callable security: which can be called at any predetermined date.
13. Under Atal Pension Yojana (APY), the Central Govt will contribute 50% of total contribution or Rs 1000 whichever is lower, to
eligible subscribers account, for a period of: 5 years.
14.A bank cannot grant loan against security of which type of shares - other bank’s shares, own shares: own shares.
15.A cheque will be valid for: 3 months from date of issue
16.A DD is required to be crossed with account payee crossing if the amount of DD is: Rs 20000 and above
17.A Financial that derives its value from another financial product is called: Derivative.
18.A granted power of attorney to B for operating account of A. You receive information about death of A and simultaneously a
cheque signed by B on account of A is presented for payment. What should the Bank do?: Cheque will not be paid.
19.A minor will attain majority at the age of: 18 years
20.A private limited company must have minimum ___directors?: 2
21.After 6 months of successful transaction, which facility will be provided for accounts opened under PMJDY scheme?: Overdraft
22.Age limit in PrimeMinisters Jeeven Jyoti Bima Yojna: 18 —50
23.All scheduled commercial banks to convert their opening balance sheet as at April 1, 2013 in compliance with the IFRS.
24.An officer does not require permission of Branch Manager for: making payment of a pay order which was issued on account of
purchase of furniture by the bank.
25.Appeal against decision of Banking Ombudsman can be made to: Deputy Governor RBI.
26.Application for information under RTI Act 2005 should be disposed off within: 30 days
27. As per Atal Pension Yojana (APY), the minimum age of joining the scheme is 18 years and maximum age is and the age of
exit and start of pension would be 60 years: 40 years
28.As per Atal Pension Yojana (APY), the minimum period of contribution by the subscriber
29.As per KYC guidelines, Demand draft of how much amount cannot be issued against cash?: Rs 50,000 and above
30.As per latest change, what is the maximum PPF contribution that can be paid in a F.Y?: Rs 150,000
31.As per Official Language Policy, in Region "C", how much percentage of the Sign Boards should be in Hindi?: No specific target.
32.As per Pradhan Mantri Suraksha Bima Yojana (PMSBY) Scheme, all saving bank account holders are entitled to join the scheme in
the age between: 18 to 70 years.
33.As per RBI guidelines, Base rate is to be reviewed by bank on _______: Quarterly basis.
34.As per RBI Guidelines, the charges for closure of bank account before stipulated period should not exceed: not applicable as
banks are free to fix account closure charges
35.As per RTI Act, information is required to be given by public authority within how many days?: 30days
36.As per RTI Act, information related to life and liberty should be submitted within: 48 hrs.
37.As per section 107 and 108 of Indian Evidence Act, a person can be presumed to have died if he is missing for : 7 years
38.As per Supreme Court who cannot be a partner? HUF.
39.At present, who is the Governor of RBI?: Dr Raghuram Rajan
40.Atal Pension Yojana (APY) offers fixed amount of pension ranging between depending upon the contribution which will be based
on the age of joining the APY: Rs 1000 to Rs 5000
41.Balance lying in the account of a company. When winding up proceedings of the company started funds in the account will be at
disposal of: Official Liquidator
42.Bank Customer relation in safe custody: Bailee- Bailor.
43.Banker customer relationship in standing instruction: Agent and Principal
44.Banking Codes and Standards Board of India (BCSBI) is a – (a) subsidiary of RBI (b) Department of Ministry of Finance (c)
Department of Indian Banks Association: None of these as it is an independent and autonomous watch dog to monitor and ensure
that the Banking Codes and Standards adopted by the banks are adhered to.
45.Banks are required to maintain Minimum and maximum CRAR of: Min 9% in India. There is no maximum.
46.Banks should disclose the details of fees/remuneration received in respect of the Bancassurance business undertaken by them, in
the ‘Notes to Accounts’.
47.BCSBI is affiliated or regulated by? An independent body
48.Best indicator of country's growth?: GDP
49.Bharathi Airtel tie up with which bank regarding payment bank?: Kotak Mahindra Bank.
50.Break even point: Level of sales at which there is no profit no loss
51.Broad money is represented by: M3.
52.Business correspondent appointed by bank work as- (a) Bank dealers; (b) Agent of the Bank (c) Customer's agent; (d) RBI agents
(e) RRB Agents (f) Trustees of customer: Agents of the bank.
53.Business correspondent in bank are for banking business: Bank is the Principal and correspondent is the Agent.
54.Call money is available for: one day
55.Call option stands for: Right to Buy but without obligation to buy.
56.CAMEL rating is done by: RBI to judge the health of banks
57.Capital account convertibility means the freedom to convert to financial assets in to foreign financial assets and vice versa.
58.Capital adequacy ratio related to? : CRAR- capital fund.
59.Carbon credits relates to: environment
60.CARE STANDS FOR : CREDIT ANALYSIS & RESEARCH LTD
61.Certificate of incorporation issued by: Registrar of Companies
62.Chairman of SEBI: U K Sinha.
63.Clayton’s Rule is related to which of the following rights?: Right of Appropriation
64.Clean Audit Report means : An audit report without any qualifications
65.Contact less Debit Card has been issued by: ICICI Bank.
66.Contract of Insurance is a contract of: Indemnity.
67.Contract to perform the promise or discharge the liability of a third person in case of his default can be termed as - (a)Guarantee;
(b) Indemnity; (c) Contingency; (d) Subrogation: Guarantee.
68.Cost push inflation is due to: High cost of production
69.Counter Cyclic Buffer required as per Basel III will be made at: normal times
70.CP is issued for amount of: Rs.5.00 lac and multiples of Rs 5 lac.
71.CPPC STANDS FOR : CENTRAL PENSION PROCESSING CELL
72.Cross selling: Offering banks products to existing customers
73.CRR decided by: RBI
74.CRR is based on which act: Sec 42(1) of RBI Act
75.CRR is calculated on: net demand & time liability.
76.Current account operated by finance director of a limited compnay. Cheque signed by him presented for payment after his death:
Cheque should be paid
77.Customer day is observed by banks at what periodicity?: once in a month (15th day of every month)
78.DEATH CLAIM SETTLEMENT IN HOW MANY DAYS? : 15 DAYS
79.Delayed collection beyond abnormal period: SB Rate + 2%.
80.Distribution of Insurance products as Corporate Agents is called: Bancassurance
81.DRP: Disaster Recovery Plan
82.DSB Returns relate to: Off Site Surveillance
83.Duplicate DD to be issued in how many days?: 14 days from the date of request
84.Elasticity of Demand is least in the case of: Items of necessity.
85.Existing total No. of RRBs as on 31-03-2012: 82
86.Expand IFRS -International Financial Reporting System
87.Expand the abbreviations GAAS: Generally Accepted Auditing Standards
88.Facility for Exchange of Notes and Coins: The facility of exchange of cut/mutilated banknotes, in addition to soiled notes and issue
of good quality clean banknotes/coins, should be made available at all bank branches (including those of co-operative banks and
RRBs). This facility should be provided to all members of public without discrimination on all working days
89. FIR is required to be filed in case where the counterfeit notes found are acknowledgement is to be obtained from the concerned
police authorities: Five pieces and above.
90.First Unique Identification Card (Aadhar card) was issued in which state – Maharashtra; Sikkim; Manipur; Karnataka?:

Maharashtra ( To Ranjana Sonawne of Tembhli village in Maharashtra)
91.For counterfeit notes a consolidated report as per prescribed format to be submitted to police authorities if in a single Txn note
is: five pieces or more in one transaction and if four pieces then consolidated report through nodal office to local police station.
92.For creation of Equitable mortgage, the town for deposit of title deeds to be notified by – (a)State Govt; (b) RBI; (c) Central Govt;
(d) Bank: State Govt
93.For injection of liquidity Txn done by RBI: Repo Rate.
94.For seeking information under RTI what is not required?: Reason for seeking information not to be disclosed.
95.For Ultra Small Branches a designated officer will visit the village on a prefixed date and time every ______with laptop and will be
connected to Bank’s central server (CBS): Week
96.Forged currency note: not to be returned & should be impounded
97.Fraudulent Draft presented and paid, who is to lodge complaint: Paying banker
98.FSDC: Financial Stability and Development Council
99.Full form of FDI: Foreign Direct Investment
100. Full form of IRDAI is: Insurance Regulatory & Development Authority of India.
101. Full form of MUDRA: Micro Units Development and Refinance Agency Ltd (MUDRA)
102. Full form of NIM: Net Interest Margin
103. Full form of Nrega: National Rural Employment Guarantee
104. Full form of PRAN?: Permanent Retirement Account No
105. Funds received in Consolidated Fund of India are maintained with: RBI (Reserve Bank of India is the main banker of the
Government and other authorised Banks function as its agents while handling Government transactions).
106. General insurance works on which principle: Principle of utmost faith.
107. Gift City: Gandhi Nagar, Gujarat;
108. Govt securities are known as: Gilt edged securities
109. Govt. infused capital in 9 PSBs in the beginning of 2015 amounting to: Rs.6990 crore
110. Green revolution is related to production of : Wheat and Rice
111. Growth of people in a country is reflected in: real per capita income
112. Guidelines on having Investor Protection Funds by Stock exchanges issued by: SEBI.
113. Head Office of Asian Development Bank is located at: Manila (Philippines)
114. Head Office of International Labour Organisation is located at: Geneva
115. Head office of NABARD is located at: Mumbai (S!DBI Head Office at Lucknow)
116. How much exemption from income is allowed as per section 80 C of Income Tax Act for the financial year 2015-16?: Rs
150,000
117. Hyper inflation- when a country experiences very high and usually accelerating inflation. The general price level within a
specific economy increases rapidly as the functional or internal currency, loses its real value very quickly.
118. IBPP STANDS FOR : INTERNET BILL PRESENTATION & PAYMENT
119. ICAAP full form: Internal Capital Adequacy Assessment Process.
120. If a Garnishee Order is received by the bank in which amount to be attached is not mentioned, what should the bank do?:
Full amount to be attached
121. If there is delay in reporting to RBI by currency chest or there is double/excess reimbursement, what is the rate of
interest charged by RBI?: Bank rate+2%.
122. in 1969, the 14 Bank Nationalised. At that time the Prime Minister of India: Smt. Indira Gandhi
123. In a partnership formed under Indian Partnership Act 1932, what is the liability of a partner?: Partner is liable jointly and
severally i.e. as partner as well as in his personal capacity. Therefore, liability is unlimited
124. In which type of charge possession is with creditor and ownership is with debtor?: Pledge
125. Income Rs.1.00 lac- Tax Rs.0.10 lac, Income Rs.2.00 lacs: Tax Rs.0.30 lacs, Income Rs.0.50 lac-Tax Rs.0.03 lac-This is
example of Progressive Tax
126. Inflation in India is measured on the basis of : Wholesale Price Index
127. Insurance amt in PMJDY: Rs 1 lac.
128. Insurance sector in India is regulated by: IRDA
129. Internal audit is meant for : internal operational check ups
130. Investment Fluctuation Reserve is calculated on which type of security? Available for Sale category and Held for Trading
category.
131. Investment Fluctuation Reserve is maintained on securities classified as: "Held for Trading" and "Available for Sale '
132. Investment Fluctuation Reserve is part of which type of capital: Tier I Capital.
133. Islamic banking has the features of : Conservative banking
134. CMD of a public sector bank is appointed by: Central Govt.
135. Issue of Rs 5 coins to commemorate the occasion of "150th Birth Anniversary of Swami Vivekananda": The Government of

India has minted the above mentioned coins.
136. Issue of Rs 5 coins to commemorate the occasion of "60th year of India Government
137. Job rotation for clerical staff should be done in every ______: 6 months.
138. Kisan Vikas Patra scheme was discontinued in 2010 due to which reason?: Fraud
139. Kite flying means accommodation receipts and payments and not genuine trade transactions
140. KV Kamat has become first chairman/President of which bank?: New Development Bank (NDB) of BRICS
141. LAFAR is submitted by whom?: Statutory Auditor
142. Letter received in Hindi in Region B, answer to be given in %age: 100%
143. LFAR returns relate to: Statutory audit
144. Life Certificate of pensioners is taken in which month?: November
145. Loan should not be granted to a director of the bank against: shares of own bank ( Loan can be granted against bank’s own
deposits; insurance policy; govt security).
146. Main Objective of Infrastructure Development Corporation is : Development of infrastructure of the country.
147. Marginal standing facility rate: 7.75%
148. Maximum period for filing case with Ombudsman: 12 months from receiving reply from bank
149. May I help you counter on how much staff: 10 and above.
150. Meeting of the Official Language Committee is held: Quarterly
151. MGNREGA: Mahatma Gandhi National Rural Employment Guarantee Act
152. MIN SUBSCRIPTION IN PPF CANNOT BE LESS THAN: Rs.500/-
153. Minimum amount of CD – Rs.1. lakh
154. Minimum and Maximum amount that can be deposited in PPF account is _____: Minimum Rs. 500/- & Maximum Rs. 1.50
lacs.
155. Money market mutual funds are regulated by: RBI
156. Mutual fund Market regulated by: SEBI
157. Name of device used by Business Correspondents: Biometric device.
158. Net Interest Income is Equal to: Interest received on assets о /ŶƚĞƌĞƐƚ ƉĂLJŵĞŶƚƐ ŽŶ ůŝĂďŝůŝƟĞƐ
159. New name of Planning Commission: “National Institution for Transforming India” or “NITI”
160. NITI full form: National Institution for Transforming India (Chairman PrimeMinister; Dy Chairman Arvind Panagariya).
161. Nobel Price for Microcredit: Muhammad Yunus
162. Number of directors in a public limited company can be: between 3 to 15. For more than 15, special resolution passed by
shareholders is required
163. Payment of DD more than 20000 only by crediting to account and not in cash as per: RBI guidelines
164. PERIODICITY OF CUSTOMERMEET IN A BRANCH: MONTHLY.
165. Perpetual Non redeemable preference share is a part of: Tier -1 capital
166. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Scheme offers a life insurance cover of: Rupees 2 lakh
167. Premium in Prime Minister Suraksha Bima Yojana: Rs.12 per year and claim available is Rs.2 lac in case of accidental death
only.
168. Primary Deficit is Fiscal deficit?: Always less
169. Purchaser of DD cannot do the following: Stop the DD
170. Rating of Bank is carried by RBI on CAMELS criteria, what do “C” stands for? Capital Adequacy.
171. RBI at which rate purchases or rediscounts B/E or other Commercial Bks: Bank Rate (7.75%)
172. RBI can issue bank note upto: Rs 10000
173. RBI gives credit to bank on which rate: Repo rate
174. RBI Governor's main concerns in monetary Policy: Inflation and Fiscal Deficit
175. RBI has issued star series notes for replacement of wrongly printed currency notes. Currently, these notes have been
issued in the denomination of : Rs 10, Rs 20, Rs 50, Rs 100.
176. Regulator of Capital market: SEBI
177. Reporting time before 15 minutes from starting of public dealings in: Metro/urban/Semi Urban & Rural area.
178. Revaluation Reserve discounting factor to be taken to which capital: 55% & Tier II Capital.
179. Review of RBI credit and monetary policy: Bi-Monthly
180. RTI: Person seeking information need not give reason as to why he is seeking the information.
181. Sabbatical can be availed maximum: 24 months and two times in your tenure.
182. Safe custody of Articles comes under which act: Indian Contract Act
183. Safe deposit locker – maximum deposit that can be asked is: 3 year advance rent plus locker breaking charges.
184. SAFTA is related to :TRADE
185. Security officer visit for high risk branches: Once in a quarter.
186. Sensex of 30 scrips is related to: Bombay Stock Exchange (BSE)
187. Shares transferred in electronic form: Dematerialization.
188. Spread in the context of bank profit loss account means: Interest earned - interest expended
189. Statutory Audit of banks is done as per provisions of: Banking Regulation Act
190. Subordinate Debt should not be more than % of tier-I capital? 50%
191. Subordinated debt instruments together with all other instruments of Tier - II capital are to be limited to ___ of Tier I: 100%.
192. Subordinated Debt which is a component of Tier II capital, is shown in the balance sheet as a part of: Other Liabilities and
Provisions on the liability side
193. Subprime crisis means : Problem created by lending to borrowers not meeting the credit rating criteria.
194. The Branch Level Customer Service Committee may meet to study complaints/ suggestions, cases of delay, difficulties
faced / reported by customers / members of the Committee and evolve ways and means of improving customer service: at least
once a month
195. The charge levied by banks for under utilization or non utilization of sanctioned CC/OD limits is called: Commitment charge.
196. The Committee on Listing of Stock Exchanges was headed by Dr Bimal Jalan. The Committee has recommended against
listing of Stock Exchanges.
197. The country of Euro Zone facing crises is: Greece and Cyprus (latest Cyprus)
198. The liability of Introducer in case of fraud by the customer: No legal liability
199. The main source of infrastructure finance are: FDI investment, Pension funds, Insurance funds.
200. The police seeks information regarding conduct of an account being maintained in your branch in connection with some
investigation. Can the bank pass on the information? : Yes, if the information is asked by an official of the rank of incharge of Police
Station or above and in writing.
201. The present Bank Rate is: 7.75%
202. The recent committee on urban coop banks was headed by: R. Gandhi
203. Tier I capital also known as: core capital.
204. Tier II capital can be maximum up to : 100% of Tier -1 capital.
205. Total number of Banking Ombudsman in India: 15
206. Transfer of interest in specific immovable property to create security for a debt is called: Mortgage
207. Treasury bill is issued for: 91 days,182 days,364 days
208. UCBs will start TDS at source if interest on term deposit in a financial year is more than Rs.10,000/- from which date: 1st
June 2015
209. Unclaimed deposits with banks which have not been claimed for last 10 years will be transferred to: Depositor Education
and Awareness Fund.
210. Under new pension scheme- minimum subscription in a year: Rs.6000 in a year ( min 500 at one time and for max there is
no upper limit)
211. Under Pardhan Mantri Suraksha Bima Yojana (PMSBY) Scheme, the uniform premium amount of Rs plus service tax
should be applicable per annum per person: Rs 12
212. Under PMJDY Scheme announced by PrimeMinister the debit card will be issued to every account holder. The type of debit
card will be: Rupay Card;
213. Under PMJDY, what is the time limit for lodging a claim in respect of the accident as covered under accident insurance
cover:Within 90 days of accident.
214. Under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Scheme, the uniform premium amount of is
applicable per annum per member: Rs 330
215. Under Pradhan Mantri Jeevan Jyoti Yojana (PMJJBY) scheme, the individual is eligible to join the scheme at the age
between: 18 years to 50 years
216. UNDR NPS MINIMUM SUBSCRIPTION IN A YR : Rs.6000
217. Uniformity in Intersol Charges: Banks should follow a uniform, fair and transparent pricing policy and not discriminate
between their customers at home branch and non-home branches. Accordingly, if a particular service is provided free at home
branch the same should be available free at non home branches also. There should be no discrimination as regards intersol charges
between similar transactions done by customers at home branch and those done at non-home branches. Cash handling charges may
not be included under intersol charges
218. Upon finding the counterfeit currency note on the counter, the action of the bank should be: Impound the currency note
but credit full amount to customer. Receipt not to be issued to depositor.
219. Voting rights to an individual shareholder in Private banks not to exceed: 10 % (being increased to 26%)
220. What are the total number of digits in Aadhar Card: 12
221. What does LAF stands for_____: Liquidity Adjustment Facility.
222. What is a special purpose vehicle? A special purpose vehicle is a legal entity (usually a limited company of some type or,
trust or a limited partnership) created to fulfill narrow, specific or temporary objectives. Its operations are limited to the acquisition
and financing of specific assets.
223. What is Accrual concept: Every income or expense is taken in to account when becomes due irrespective of the fact
whether it is received or paid or not.
224. What is age limit in PMJeeven jyoti Bima yojna?: Eligible all saving accounts holder in the age of 18 to 50 years; Benefits
Rs. 2 lac on death due to any reason; Premium – Rs. 330 per annum per member.
225. What is Certificate of Incorporation?: Certificate issued by Registrar of Companies to a limited company, which is a
conclusive evidence of existence of company as a separate body corporate.
226. What is Debt securitization: Converting illiquid financial assets in to liquid marketable securities.
227. What is factoring?: Purchasing of Book debt
228. What is forfaiting?: Without recourse discounting of export bills
229. What is full form of FDI?: Foreign Direct Investment
230. What is full form of GDP?: Gross Domestic Product
231. What is full form of GST?: Goods and Service Tax
232. What is full form of IFRS?: International Financial Reporting Standards.
233. What is full form of ULIP?: Unit Linked Insurance Plan
234. What is guarantee corpus in MUDRA bank or funds allocated for MUDRA: Rs 20000 crore
235. What is Hybrid debt instrument? a) Debenture b) Bond c) Preference
shares d) Convertible Bonds.
236. What is incorrect about RTI?: Reason for seeking information to be mentioned in RTI application
237. What is meant by 'sensitivity' in economics terms? Sensitivity analysis (SA) is the study of how the variation (uncertainty) in
the output of a statistical model can be attributed to different variations in the inputs of the model. It is a technique for
systematically changing variables in a model to determine the effects of such changes
238. What is Personal Accident insurance cover for death and permanent disability due to accident in PrimeMinister Jan Dhan
Yojana (PMJDY): Rs.1.00 Lac
239. What is rate of Premium in Pradhan Mantry Suraksha Bima Yojana (PMSBY)?: Premium payable Rs. 12 per annum per
member; sum insured Death / permanent disability Rs. 2 lacs; Partial disability Rs. 1 lac.
240. What is short selling?: Selling securities by a dealer which he does not possess at the time of sale.
241. What is the age limit for coverage under Prime Minister Suraksha Bima Yojna (PMSBY): 18 years to 70 Years
242. What is the amount of insurance cover in case of PrimeMinister Jeevan Jyoti Bima Yojan (PMJJBY): Rs 2 lakh
243. What is the cut off point for reporting of Non Cooperative Borrowers – Rs.5. Crore and above.
244. What is the date for final implementation of Basel III?: 31.03.2019
245. What is the effect of Bonus Issue of Shares on Debt-equity ratio? No effect at all as neither there is a change in term liability
nor in net worth of the company.
246. What is the full form of QIP?: Qualified Institutional Placement.
247. What is the full from of GIFT city?: Gujarat International Financial Tech City.
248. What is the impact of increase in Inflation rate?: Purchasing power decreases
249. What is the initial tax exemption limit for Normal Senior Citizens i.e. aged between 60 years to less than 80 years? Rs 3 lakh
250. What is the liability of a bank in case of payment of forged cheque?: Bank is liable to drawer for having made payment
without authority as also for wrongful dishonor of another cheque due to insufficient funds.
251. What is the lock in period for deposits under PPF scheme: 15 years
252. What is the main concern of Indian Economy today?: Rising Inflation
253. What is the maximum age of Govt’s nominee on Board of Directors of a bank?: 70 years
254. What is the maximum amount for which award can be given by Banking Ombudsman in cases other than complaints
relating to credit card: Rs 10 Lac
255. What is the maximum amount of award that can be given by Banking Ombudsman in case of credit cards?: Rs 1 lakh
256. What is the meaning of delegation? Delegation means the granting of authority subordinates to operate within the
prescribed limits. It means subdivision and sub-allocation of powers to the subordinates in order to achieve effective results.
Authority can be delegated but responsibility cannot be delegated.
257. What is the meaning of financial closure? Financial Closure occurs when there is legally binding commitment of private
sponsors to mobilize funding or provide services.
258. What is the minimum paid capital required for setting up a payment bank?: Rs 100cr
259. What is the nature of business of Insurance Co: indemnifying the insured, collective sharing of risks
260. What is the objective of selling mutual fund product by a bank?: To earn non interest income
261. What is the percentage in Region A to bring training materials bilingually?: 100%
262. What is the period of 12th Five year plan :2012-2017
263. What is the Purpose of nomination? To settle claims easily and quickly in case of death of depositor
264. What is the reason for allowing appointment of a Non Banking Financial company as BC?: For increasing financial inclusion.

265. What is the relation between debenture holder and company: Creditor and debtor
266. What is the relation between purchase of a DD and Bank?: Creditor and Debtor
267. What is the relationship between bank and customer in case of Garnishee order?: Debtor and Creditor
268. What is the role of nominee in term deposit?: He is trustee of legal heirs
269. What is the Service Charge for a remittance of Rs.20,000/- to Nepal if payee not customer of NSBL: Rs 100
270. What is the stake of Central Govt., Sponsoring Bank and State Govt. in RRB capital structure: 50:35:15.
271. What is the time within which death of account holder under Prime Minister Jan Dhan Yojna (PMJDY) should be advised to
bank? 30 days
272. What is the transaction code no for DD in the MICR cheques: 16
273. What is Variable cost:Which changes with production like Raw material, wages, power etc.
274. What refers to P-Notes: Participatory Notes used by Foreign Institutional Investors for investment by overseas investors
who are not registered with SEBI.
275. What right is available to paying bank in respect of DD - stop payment, cancellation, revalidation: revalidation
276. What should the minimum holding of Government in public sector banks?: 51%
277. What was the target for opening accounts under PrimeMinister Jan Dhan Yojana which was to be achieved by 26 Jan 2015?
Initially 7.5 crore accounts which was later increased to 10 crore accounts.
278. When a bank in addition to accepting deposits and making advances, provides various other types of financial services, it is
called: Universal Banking
279. When a complainant receives copy of award from Bank Ombudsman, within how many days, he is required to give his
acceptance?: 30 days from date of receiving the copy of award.
280. When banks borrow fund for overnight, what is it called: call money
281. When does the right of a nominee start in case of deposits? On the death of all account holders.
282. When is customer day celebrated : 15th of each month
283. When letter of administration issued: When a person dies intestate.
284. When remittance done to currency chest, counting in front of bank officials will be done for denomination of: Rs.500 and
Rs.1000 notes.
285. Which company has got license to start new private sector bank in the year 2014?: Bandhan Financial Services Ltd.
286. Which describes insurance business most?: Disaster risk cover.
287. Which is example of Direct Tax: Income Tax
288. Which is not the function of ALCO?: Fixing Budgets and Targets
289. Which is the central bank of India? : Reserve Bank of India.
290. Which is the first Credit information company of India?: COL
291. Which is the largest source of liquidity in equity market? FII
292. Which of the following can not be done by the purchase of a Demand Draft – (a) Stop payment of DD; (b) Obtain duplicate
DD in case of loss; (c) Getting the DD revalidated; (d) endorse the DD: Stop payment of DD.
293. Which of the following does not come under Tier II capital? a) Capital reserves b) Undisclosed reserves c) Revaluation
reserves d) Cumulative Perpetual shares: Capital Reserves.
294. Which of the following does not have share in RRB? (a) Sponsor Bank (b) Central govt (c) State govt (d) Nabard: Nabard.
295. Which of the following has become new member of Asian Clearing Union: Maldives Monetary Authority. (Other members
are Bangladesh Bank, Royal Monetary Authority of Bhutan, Reserve Bank of India, Central Bank of the Islamic Republic of Iran,
Central Bank of Mynamar, Nepal Rashtra Bank, Central Bank of Sri Lanka, State Bank of Pakistan)
296. Which of the following is a Direct Tax - Excise duty, custom duty, service tax, VAT, gift tax: Gift Tax
297. Which of the following is an indirect tax? Sales Tax
298. Which of the following is Chairperson of NABARD: Sh. Prakash Bakshi
299. Which of the following is index of National Stock Exchange – (a) Nifty; (b) Sensex; : Nifty
300. Which of the following is the financial capital of India – Delhi, Ahmedabad, Mumbai: Mumbai
301. Which of the following will be reduced with increase in inflation? (i) Purchasing Power of money (ii) Interest rate (iii) Cannot
say (iv) CRR (v) None of these: Ans is Purchasing power of Money.
302. Which of the following-is a subsidiary of Standard & Poor? CRISIL
303. WHICH OF THE ITEMS WILL NOT BE AN ASSET IN BANKS BAL SHEET – ADVANCES/FIXED ASSET/ DEPOSITS/
: Deposits
304. Which one is not under core sector: automobile
305. Which sector has highest share in GDP of India?: Services
306. Which tax has been abolished in Budget 2015-16?: Wealth tax
307. Which type of charge to be created on Bank’s FD?: Assignment
308. While giving guarantee favouring stock exchange on behalf of brokers, minimum margin should be (a) 50 % out of which
minimum 25% should be cash margin (b) 50 % out of which minimum 20 % should be cash margin (c) 50 % out of which 10 % should

be cash margin: Ans is (a)
309. While increasing or decreasing interest rate, we often hear basis point. 100 Basis point will be equal to: 1 %.
310. Who can stop payment of a Demand Draft?: Nobody
311. Who decides Saving Bank rate: Bank- ALCO committee.
312. Who has never been Governor of RBI – (a) C Rangarajan; (b) Y V Reddy; (c) Bimal Jalan; (d) Pratip Kumar: Pratip Kumar
313. Who headed the committee appointed by RBI for financial inclusion?: Nachiket Mor (The Committee on Comprehensive
Financial Services for Small Businesses and Low Income Households)
314. Who is Drawee in case of DD - paying branch, collecting bank, issuing branch; purchaser, holder?: Paying branch of issuing
bank.
315. Who is not promoter of CIBIL: RBI....
316. Who is regulator of commodity market in India? 1)sebi 2) Ncedex 3) mcx 4) Forward Market Commission: Forward Market
Commission.
317. Who is the regulator of capital market?: SEBI
318. Who is the regulator of insurance sector?: IRDA
319. Who is the Regulator of LIC: IRDA
320. Who issue Garnishee Order: Court
321. Who was President of India before Ms Pratibha Patil: A P J Abdul Kalam
322. Who will decide Base Rate of a Bank?: Bank itself.
323. Wholesale Price Index is calculated on which basis?: Weekly basis for food inflation and monthly for aggregate inflation.
324. Why International Financial Reporting System (IFRS) should be implemented: For comparison of financials of companies
operating in two different international jurisdictions.
325. Within how many days appeal against Ombudsman can be filed?: 30 days
326. Within how many days, appeal can be made by a bank against the Award of Banking Ombudsman to the Appellate Authority
i.e. Deputy Governor RBI: 30 days from receiving the acceptance from customer
327. You need to issue a Demand draft for Rs 10,000 favouring Mr X of Chandigarh.Which one of the following will not be the
option while issuing DD – (i) Payee will be Mr X or Bearer (ii) Payee will be Mr X Chandigarh (iii) Payee will beMr X State Bank of India
A/C 31435195901: Mr X or Bearer

RISK Management Very important MCqs

RISK Management Very important MCqs

01.ALM not responsible for: achieving budgets and targets (it helps in managing liquidity risk and interest rate risk).
02.At present banks are required to maintain capital adequacy ratio of 9% and Tier II capital should not be more than Tier I. It
means that banks are required to bring Tier I capital of at least 4.5% of the risk weighted assets. With effect from which date,
banks will be required to bring Tier I capital of 6% of the risk weighted assets?: 31't March 2010.
03.Documents not stamped properly is what kind of risk?: Legal Risk
04.For calculation of capital adequacy ratio, the risk weight for Commercial Real Estate for commercial bldg is : 100%
05.For capital adequacy purposes, risk weight for personal loans is : 125%
06.Fraud – what type of risk : Operational risk
07.General Insurance works on principle of: Spreading the Risk.
08. If an Outsourcing agency does not serve properly – which type of Risk is faced by the bank?: Reputation Risk and Operational
Risk
09. Investment in perpetual bonds is risky because: the interest is not payable if the CRAR falls below the stipulated target.
10.Legal risk is part of: operational risk.
11.Loss due to inadequacy or failure of system, process, people or due to external events is called: Operational risk
12.Risk weight for claim on Banks which complies to Min CRAR requirement : Scheduled Banks 20%
13.Risk weight for exposure to Scheduled Commercial Bank that maintains CRAR as per RBI requirement: 20%
14.Sub-prime is an risk. (Operational and Credit Risk)
15.The capital adequacy ratio is computed by the following formula: Capital/Risk Weighted Assets
16.Tier 2 - general provisioning & loss reserves only up to 1.25% of total risk weighted assets.
17.Tier I should be at least 6% of Risk weighted assets and should be achieved before by all scheduled commercial banks:

31.3.2010.
18.What are the components of credit risk?: Transaction risk or default risk and portfolio risk
19.When does liquidity risk arises?: Liquidity risk arises when maturing liabilities are more than maturing assets-
20.While doing Risk Rating, an asset is downgraded from A+ rating to A rating. What type of risk is involved: Credit Risk

BASEL MCQs

BASEL
01.A subordinate debt with remaining maturity of 30 months will be taken as part of Tier II capital at a discount of: 60%
02.An exposure is called Retail Exposure as per implementation of Basel II, if it is not more than:5 crore.
03.As per Basel II, banks are required to bring capital for __risk in addition to capital for credit risk and market risk: Operational risk
04.As per BASEL III Guidelines, the Loans guaranteed by State Govt will attract Risk weight of: (i)20% (ii) 50% (iii) 100% (iv) 75% (v)
0%: 20%
05.As per BASEL III, what is the risk weight on exposure to Govt securities issued by Central Government?: 0%
06.As per Basel-II, RBI has recommended adoption of __approach for operational risk : basic indicator approach
07.BASEL Accords are related to: Capital Adequacy.
08.Basel II consists __Pillars and number 2 pillar is __ : 3 pillars, Supervisory Review is Pillar no.2
09.Basel II norms to be completed by Foreign banks and banks having foreign branches by 31,03.2008.
10.For banks which do not have overseas braches, Basel II norms have to be implemented with effect from: 31.3.09
11.For being part of Tier II capital, Rupee Denominated subordinated debts should have minimum maturity period of and maximum
maturity period of : Minimum maturity:5 years Maximum: Perpetual(no maturity prescribed
12. In Basel II, Pillar I covers which types of risks: Credit Risk, Market Risk, Operational Risk.
13.Subordinate Debts are part of: Tier-II capital
14.Supervisory Review according to which Central Bank of the country is to ensure that proper capital has been provided for risk
exposure and maintain proper system for the same is provided under?: Pillar II of Basel IL
15.The minimum capital adequacy ratio implemented in India, by RBI is __% and as per Basel II recommendations it is __ % : 9%, 8%
16.The objective of the Pillar III as per BASEL-II is ____: Market discipline through public disclosures
17.The revaluation reserves as per Balance Sheet of a bank is Rs 200 lakh. How much of it will be taken as part of Tier II capital?: Rs
90 lakh (Revaluation Reserve are taken as part of Tier II capital at 55% discount)
18.Under BASEL II, for calculating capital for Operational Risk which method is to be applied for the time being: Basic Indicator
Approach
19.Under BASEL-II, what is the RiskWeightage on the Loans and advances given to Staff of the bank secured by Mortgage /
superannuation benefits: 20%
20.Upper Tier 2 -minimum maturity is 15 years for Debt capital
21.What is the date for final implementation of Basel III? 31.03.2019.
22.Which of the following is part of Tier II Capital? (a) Statutory Reserves (b) Other disclosed reserves (c) Capital reserves from
sale of assets (d) Revaluation Reserve e)none pf these Ans is E

Types of Endorsements:-

Types of Endorsements:-

1)     Blank Endorsements: section 16(1) it means endorser only signs his name with adding any words or directions this endorsement makes the instrument payable to bearer.

2)     Endorsement in Full: - The endorser added the name of endorsee specifically.

3)     Conditional Endorsement: Here the endorser puts some conditions for endorsee Here the binding of conditions is between endorsee and endorser only. 

4)     San recourse Endorsement: - Endorser added the words without recourse to me.

5)     Facultative Endorsement: - Where an endorser waives the condition of notice of dishonour.

6)     Endorsement on Bearer Cheque: - The endorsement on bearer cheque is meaning less as the cheque once bearer is always bear.

Crossing:-

General Crossing (Sec.123): Two parallel transverse lines on the face of instruments with or without word ‘Not negotiable’. It is direction to the paying bank that do not pay the cheque across the counter.

Special Crossing (Sec.124): In addition of general crossing the cheque bears the name of collecting bank either with or without the words ‘Not negotiable’.

Collection of cheques:-

Section 131: a banker who has in good faith and without negligence received payment for a customer of a cheque (not available for B/E and P/N) crossed generally or specially.  The present section gives protection provided following conditions are fulfilled…

a)    The bank must have acted in good faith and without negligence.

b)    Bank has received the payment as an agent for collection.

c)    Bank has collected the cheque in the duly introduced account of customer only.

d)    The cheque collected must be crossed.

Payment of cheques:-

Liability of drawee (paying banker): It is obligation of the banker to honour the cheques of a customer provided there is sufficient balance and the cheque is otherwise in order.  Section 31 of NI act provides that “The Drawee of a cheque:

a)    Must have sufficient funds in the account.

b)    Properly applicable to the payment of such cheque.

c)    Must pay the cheque when duly required to do so.

d)    In default of such payment, must compensate the drawer for any loss or damage.

Protection for paying banker in case of cheque:-

Regularity of endorsement Section 85(1): Paying banker’s liability is to ensure the regularity of the endorsement and is not concerned with genuineness of endorsement.  The genuineness of endorsement is the liability of collecting banker.  Therefore, protection is available to the paying banker in case of forged endorsements.

Payment in due course (Section-10):-

a)    In accordance with the apparent tenor of the instrument.

b)    In good faith and without negligence.

c)    To the person in possession of the instrument.

d)    Under the circumstances which do not afford a reasonable ground for believing that he is not entitled to receive the payment of the amount mentioned therein.

When bank should not pay:-

a)    The death of the drawer in case of individual’s account terminates the contractual relationship.

b)    Insane customers: in case of insanity.

c)    Insolvent drawers: The bank should stop the operation of such account as if drawer adjudged insolvent and balance in the account vested with official receiver/assignee.

d)    Countermanded by drawer: on receipt of valid stop payment instruction by the drawer.

e)    Others: when a cheque is post dated, with insufficient balance in the account, cheque is of doubtful legality, or cheque is irregular, ambiguous, materially altered or stale etc.

Dishonour of cheques (Sec. 138-147):-

The payee or holder in due course should give notice to drawer within 30 days of return of cheque with the reason “Insufficient balance” and demanding payment within 15 days of his receiving information of dishonour. Drawee can make payment within 15 days of the receipt of notice and only if he fails to do so prosecution could take place.  The complaint is to be made with in one month of the cause of action arising that is expiry of the notice period.

Punishments:

a)    Summary proceedings: fine up to Rs. 5000/- and imprisonment up to one year or both.

b)    Regular proceedings: fine up to the double the amount of cheque or imprisonment up to 2 years or both.