Question Answer (Assorted Type) II 101) The amount in a cheque is written differently in words and figures and amount written in words is higher of the two: Amount written in words will be paid. 102) While paying a bearer cheque, signatures are obtained on the back side of cheque. As evidence of payment 103) Bank note which is misprinted by RBI is replaced by issuing a note: Star series 104) In CDR category-1, what type of loan accounts are eligible: Standard & sub-standard. 105) Sales / debtor ratio is called ratio. It indicates : Debtor-turnover, efficiency of collection of debtors. 106) All accounts of loans & advances which are purchased by Head Office from other banks/financial institutions and are maintained at branches are called: Asset Pool Accounts. 107) Gross working capital is nothing but: Current Assets 108) Net Working Capital is equal to: Long term sources Long term uses 109) Risk weight for UCO Cash loan (Personal loan): 125% 110) Risk weight for bill purchased under LC, for capital adequacy purposes is: 20% 111) What is the right of nominee in case of term deposit that has not matured: To obtain premature payment and not raising loan against the security of such term deposit 112) Pre-shipment credit is available in which type of letter of credit: Red clause 113) Quarterly financial results of companies and banks are to be declared / published under directions of: SEBI 114) RBI injects liquidity through: Repo 115) Subsidy under PMEGP Scheme for general category in Urban areas is: 15% 116) What is full form of FRBM: Fiscal Responsibility & Budget Management Act 117) Relationship between bank and customer when goods left by mistake in the bank: Trustee & beneficiary 118) Priority sector target for foreign banks: 32% of ANBC 119) NSC pledged with post office with nomination fvg X. Bank s claim against these NSCs: Will have priority 120) Legal status of nominee is that of a: Trustee for legal heirs 121) M, a minor admitted for benefits in a firm wants to withdraw from the firm on attaining majority. How much time is available to him to do so: 6 months from date of majority or 6 months from date of information to him that he was admitted for benefits, whichever is later. 122) Loan to minor can be given in the following case (a) against BD (b) against LIC policy (c) in the name of minor (d) in the name of father : in the name of father 123) Working Capital Gap is: Total Current Assets less Total Current Liabilities other than bank borrowings.
123) Mortgagee enjoys the income of the mortgaged property in case of which mortgage: Usufructuary 124) Hypothecation becomes pledge: when goods are given for possession to the bank, by the borrower. 125) Which scheme abolished with introduction of senior citizen deposit scheme: Varishat Bima Pension Yojna 126) Interest on working capital loan is: variable cost 127) Which type of fraud case is not to be reported: Theft and burglary. 128) There is excess cash with the cashier while closing the cash balance in the evening. It is to be deposited in: Sundries account (credit balance). 129) Which document is required to be attested (witnessed) (a) mortgage deed (b) pledge agreement (c) Hypothecation agreement: Mortgage deed 130) Interest on term loan is: fixed cost. 131) A, B and C want to open a joint account with the provision that after death of any of them, the money should not be paid to any legal heir, what mode of operation should be opened : Either or any of them 132) External Commercial Borrowings (ECB) can be raised under automatic approval by (a) companies (b) firms: Companies 133) Borrowing power of Board of Directors is described in: Articles of Association. 134) Doctorine of Ultravires borrowing relates to: Borrowing by a company for an activity, which it is not authorized to undertake as per its Memorandum of Association 135) Loan of Rs.25000 obtained by the depositor against an FDR. Minor to be appointed nominee in the account: Can be done after repayment of the loan. Terms of deposit account not allowed to change during loan.period. 136) The no. of members in a SHG in SGSY in normal cases: 10-20 137) Authorized capital is Rs.10lac. Paid up capital Rs.6lac. The loss of previous year is Rs.1lac. Loss in current year is Rs.2lac. The tangible net worth is: Rs.3lac 138) Net working capital is Rs.80000. Current ratio is 3:1. The current assets are: 120000 139) Right to retain goods is called: Lien 140) For obtaining loan against shares, the Charge on shares: Lien 141) A director of the bank wants to raise loan from your bank against (a) FDR of other bank (b) share of same bank(c) surrender value of Life Policy. Loan can be given against: Surrender value of Life Policy. 142) Keeping goods in safe custody is as per provisions of (a) NI Act (b) Indian Partnership Act (c) Indian Contract Act: C 143) No dues certificate in case of agricultural advances is exempted up to a loan of: Rs.50000 144) Liability of a coparcener in case of loan raised by HUF is: Restricted to his share in HUF property/assets. 145) In KYC guidelines, the small account where simple KYC is applicable is those account where the amount deposited in the account is restricted to (a) Rs.50000 (b) Rs.1 lac: Rs.1 lac 146) In case of SMEs, the registration is mandatory in case of (a) medium enterprises in servicing (b) small manufacturing enterprises (c) manufacturing medium enterprises: C
147) A company has been sanctioned cash credit-pledge limit. Internal auditor finds that charge has not been registered with Registrar of Companies in time. In how much time it is to be done: In case of pledge, registration with ROC is not required. 148) Loan system of credit delivery is not applicable in case of: Software industry 149) To sell an NPA, the account must remain in the books of seller bank: for 24 months as NPA 150) One of these is an indirect rate (a) one $ = Rs. 39.56 (b) one pound = Rs. 89.56, (c) one yen = Rs. 0.30 (d) Rs.100 = $ 2.60: (d) 151) Which crossing is not recognized by NI Act (a) Special (b) payee s account (c) not negotiable: b) 152) Which among the following can open an Resident Foreign Currency account (a) NRI (b) Resident (c) Erstwhile NRI now resident (d) none : C 153) A loan document is signed by one partner on June 15, 2007, by 2nd partner on June 21 and by 3rd partner on June 29. The period of limitation will start from: June 30, 2007 154) In CAMELS, the word C stands for: Capital Adequacy Ratio 155) A partner wants to retire from the firm XYZ. He has to (a) get consent of other partners (b) has implied authority to retire (c) has to give public notice (d) can retire when desired by him by giving notice to other partners : A 156) Service Area approach guidelines withdrawn by RBI except of Govt. sponsored Scheme as per recommendations of: VS Vyas Committee 157) Govt. shareholding in public sector banks cannot be below: (a) 33% (b) 51% (c) 74% (d) 100: b 158) For micro & small enterprise, the value of is excluded while calculating the value of plant and machinery or equipment : Land & building. 159) Registration of partnership firm is not compulsory but banks prefer registered firms because (a) they can file suit against them (b) creditors can file suit against them (c) they can file suit against their debtors : C 160) Ombudsman can ignore the case of complaint where (a) advocate of applicant has appealed (b) complaint is of frivolous in nature: b 161) Company increases its net worth by revaluation of assets by Rs.50000. Existing Debt equity ratio was 2:1. the new debt equity ratio would be, if long term liabilities are Rs.80000: 0.9:1 162) As per our Bank s Loan Policy, DSCR should not go below: 1.5:1. 163) Minimum margin stipulated in the case of 1 st method of lending: 25% of Working Capital Gap. 164) A cheque is issued by a company as pay yourselves. A clerk from the company comes and signs on behalf of the company and requests for preparation of a demand draft : Cannot be prepared. 165) Internal rate of return is: A discount rate, at which the net present value of a project is Zero. 166) Export credit target under priority sector for Foreign Banks: 12% of ANBC or Credit Equivalent amount of off balance sheet exposure, whichever is higher. 167) Target for advances to weaker sections under priority sector for domestic commercial banks is: 10% of ANBC
or Credit Equivalent amount of off balance sheet exposure, whichever is higher. 168) Loans to farmers through Primary Agricultural Credit Societies (PACS) is: Indirect Agriculture advance. 169) Enterprises engaged in providing/rendering of services and whose investment in equipment does not exceed Rs10lac: Micro (Service) Enterprises. 170) Hypothecation defined under which act: SARFAESI Act. 171) If TDS is not deducted, what is the penalty: Bank to pay the amount with interest @ 1% p.m. simple 172) Enterprises engaged in providing/rendering of services and whose investment in equipment does not exceed Rs2crore: Small (Service) Enterprises. 173) What charge is to be created for demat shares with bank as security: Lien 174) Microsoft has instituted its base/ facility office at: Hyderabad 175) If the date under LC is mentioned as on or about 30.06.2007 shipment will go within or when.. (5 days before and 5 days after 30.6.07) 176) If a guardian is appointed by court before minor attains 18 years of age, he continues to be a minor till completion of --------- years of age: 21 177) Certificate of commencement of business is required for opening of bank account of: public limited company. 178) The minimum and maximum number of shareholders are ----- & ------- respectively in case of private limited Companies: 2 & 50 179) For the purpose of Medical Treatment, how much amount can be remitted freely: USD 100000 180) How much amount a company can invest abroad: 400% of net worth 181) What is the DICGC premium for deposit insurance in banks? : 5 paisa per Rs100 per half year. 182) DICGC does not insure deposits of: Foreign, central, state governments & Inter-bank deposits. 183) BSE- SENSEX consists of 30 blue chip company Shares whereas NSE Nifty consists of 50 shares. 184) Which card can be used without linking to a bank account? : Smart Card. 185) Which ATM can be used without PIN number but with finger tip: Bio-metric ATM. 186) Garnishee order issued in a single name will not attach the balance in: joint accounts. 187) Garnishee order is not applicable: on the items of safe custody or safe deposit lockers. 188) If ATF (Air Turbine Fuel) becomes declared goods, sales tax on ATF throughout the country will be uniform: 4% 189) The concept of 90 days delinquency period norm of NPA was made applicable wef 31.03.2004. 190) What are the Repo & Reverse Repo rates: 8% & 7% 191) What are CRR & SLR: 4.75% and 24%
192) Public Information Officer is required to be appointed under: Right to Information Act. 193) What is the recent change in provision requirement against standard assets? : the provision requirement for all types of standard assets stand reduced to a uniform level of 0.40% except in case of direct agriculture and SME advances by the banks which will continue to attract provision of 0.25%. 194) What is currency future and when it is introduced in India? : Currency future is a standardized future contract with currency as the underlying instrument. It is a contract or agreement to by or sell any currency at a specified future date at a pre-determined price before contract expiry date. Currency future trading launched in India on NSE wef August 29, 08. 195) What is the per month salary ceiling for getting bonus? : Rs10, 000/- 196) Certificate course for recovery agents will be conducted by: Indian Institute of Banking & Finance (IIBF), Mumbai. 197) RBI has asked banks to set-up customer panel at branch level comprising: a senior citizen among others. 198) What is VAR? : VAR is an estimate of the maximum loss possible given a pre-determined probability or confidence level and time horizon. 199) Under clause 49, it is binding on the listed companies to fill--- of their boards with independent directors when they have executive chairman and--- when they have non-executive chairman. 50%, one-third. 200) Base Rate system replaced BPLR system: wef 1 st July, 2010. ------------------------------------------------------------------------------------------------------------------------------- -----