MCQs based on the recently issued circulars by the Bank (up to March 2013)

1. Which of the following is not a pre-requisite for using IMPS facility by an active M-
Connect User
a. !eneficiary"s account nu#ber
b. !eneficiary !an$"s I%S co&e
c. Beneficiarys MM!
&. 'll the above
e. a( b ) c woul& be sufficient
*. !an$ has intro&uce& +web-base& centralise& solution" for cre&it #onitoring for the
following accounts ,
a. "d#ance account $ith %B & '%B e(posure of )s.10 Cr and abo#e
b. '&vance account with %! e-posure of .s.1/ Cr an& above
c. '&vance account with %! ) 0%! e-posure of .s.1 Cr an& above
&. '&vance account with %! e-posure of .s.1 Cr an& above
e. '&vance account with %! ) 0%! e-posure of .s.1 Cr an& above
2. 's per revise& targets of Priority Sector classification in MSM3( 4/5 of total
a&vances un&er #icro ) s#all 6#fg7 shoul& go to #icro 6#fg7 having invest#ent in
Plant ) Machinery up to .s.88888 an& #icro 6service7 having invest#ent in
equip#ent up to .s. 888888
a. .s.1 lacs ) .s.* lacs
b. )s.10 lacs & )s.* lacs
c. .s.*1 lacs ) .s.1/ lacs
&. .s.1/ lacs ) .s.1 lacs
e. 0o such ceiling of 4/5
4. 's per revise& targets of Priority Sector classification in MSM3( */5 of total
a&vances un&er #icro ) s#all 6#fg7 shoul& go to #icro 6#fg7 having invest#ent in
Plant ) Machinery above .s.888888 an& up to .s.88888 an& #icro 6service7 having
invest#ent in equip#ent above .s.888888 an& up to .s. 888888
a. 'bove .s.1 lacs( up to .s.*1 lacs ) above .s.* lacs( up to .s.1/ lacs
b. 'bove .s.1/ lacs( up to .s.1/ lacs ) above .s.* lacs( up to .s.*1 lacs
c. "bo#e )s.10 lacs+ up to )s.2, lacs & abo#e )s.* lacs+ up to )s.10 lacs
&. 'bove .s.1 lacs( up to .s.1/ lacs ) above .s.* lacs( up to .s.1 lacs
e. 0o such ceiling of */5
1. Which of the following is one of the changes that have ta$en place in !9!.'M
cre&it rating wor$flow
a. Co#pany creation ) User I: creation will happen within !9!.'M
b. Status up&ation utility for past assess#ents
c. MIS capabilities vi;. .ating over&ue report( Search pen&ing cases( case
status report
&. Sub#ission of .ating to .9<=9<!CC pool instea& of in&ivi&ual User
e. "ll the abo#e
>. Which of the following of our overseas territories has not been i&entifie& for
opening of 0.3<0.9 S! accounts un&er Centralise& Processing
a. U'3 b. ?enya c. Ugan&a d. -outh "frica
e. all the above countries have been i&entifie&
@. Which one of the following changes that has ta$en place recently in case of 33%C(
.%C ) :ia#on& :ollar account
a. custo#er can #aintain 1//5 of fore- receive& by hi# in these accounts
b. 9nly e-porters against accepting fore- can open these accounts
c. Custo.ers ha#in/ these accounts can access to fore( .arket only after
utili0in/ fully the a#ailable balances in these accounts
&. custo#er can #aintain @15 of fore- receive& by hi# in these accounts
e. none of the above
A. What is the #ini#u# contribution by each beneficiary un&er 0PS Bite Sche#e
a. .s.1//<- b. .s.1//<- c. )s.100012 &. .s.*//<- .s.1/<-
C. Dhe Savings as well as Current account shoul& be treate& as inoperative<&or#ant if
there are no transactions for over a perio& of 88888888
a. 2 years b. 1 years c. 2 years &. > #onths e. none of the above
1/. Current an& Savings account which are not operating for last 888years are unclai#e&
&eposits.
a. 10 years b. 1* years c. 1 years &. 11 years
e. no such concept in C!S environ#ent
11. %or the purpose of classifying an account as +inoperative"( #onthly an& quarterly
interest on ter# &eposit cre&ite& to &eposit accounts are consi&ere& 8888888
transaction.
a. syste# in&uce& b. custo.er induced c. syste# generate& &. either
e. none of the above
1*. If a %i-e& :eposit .eceipt #atures an& procee&s are unpai&( the a#ount left
unclai#e& with the ban$ will attract 88888888 rate of interest if 'uto .enewal
facility at the ti#e of placing the &eposit was specifically refuse& by the custo#er.
a. -a#in/s Bank b. 9ne year c. 0o interest &. perio& selecte& at the
ti#e of placing the &eposit e. none of the above
12. 'n account of a person who has been #issing for the last 88888 years or #ore can be
treate& in the sa#e way as of the account of a &ecease& person.
a. 1 years b. 3 years c. 1/ years &. */ years e. no such provision
14. Dhe threshol& li#it for settle#ent of clai#s where a person is #issing for the last @
years an& #ore where &eclaration<certificate fro# court shoul& not be insiste& upon-
a. .s.1 lac b. )s.2 lacs c. .s.1/(///<- &. none of these e. can not be waive&
11. Pay#ent of ta-es through e-#o&e will earn .s.88888 per challan.
a. )s.1212 b. .s.2/<- c. .s.41<- &. .s.1/<- e. .s.>/<-
1>. Collection of ta-es through physical challan will earn .s.88888 per challan.
a. .s.1*<- b. .s.2/<- c. )s.*,12 &..s.1/<- e. .s.>/<-
1@. In case of financing by #ore than one secure& cre&itors or in Eoint financing of
financial assets the consent of secure& cre&itors of 888888 5 in value of the
a#ount outstan&ing will be require& for ta$ing any action stipulate& as per
S'.%'3SI 'ct.
a. 1/5 b. 405 c. @15 &. A/5 e. 0one of these
1A. Di#e perio& for respon&ing to the borrower"s representation against enforce#ent of
security un&er S'.%'3SI by the !an$s -
a. @ &ays b. 1/ &ays c. 1, days &. 2/ &ays e. none of the above
1C. Dransaction charges for use of 'DMs of 0%S #e#ber ban$s by !aro&a ?isan .upay
Car& hol&ers ,
a. .s.*/<- per transaction
b. .s.*/<- per cash with&rawal
c. )s.1412 per cash $ithdra$al 6 )s.412 per non financial transaction
d. .s.11<- per transaction
e. 0o transaction charges 6fully waive&7
*/. Un&er +.aEiv Fan&hi 3quity Savings Sche#e" what are the criteria for giving ta-
benefits,
a. new retail investors who invest up to .s.1/(///<- an& whose gross total annual
inco#e is less than or equal to .s.1/ lacs.
b. 'ny in&ivi&ual who has not opene& a &e#at account an& has not #a&e any
transactions in the &erivative seg#ent as on the &ate of notification of the Sche#e
i.e. *2.11.*/1*G
c. 'ny in&ivi&ual who has opene& a &e#at account before the notification of the
Sche#e but has not #a&e any transactions in the equity seg#ent or the &erivative
seg#ent till the &ate of notification of the Sche#eG
&. 'ny in&ivi&ual who is not the first account hol&er of an e-isting Eoint &e#at
account shall be &ee#e& to have not opene& a &e#at account for the purpose of
this Sche#e.
f. "ll the abo#e.
*1. 't which place the inauguration of H. share& Services Pilot !ac$ 9ffice has ta$en
place recently in our !an$
a. Buc$now b. Mu#bai c. Baroda &. 0ew :elhi e. Iaipur
**. !an$"s career portal has been bran&e& with the the#e ,
a. !aro&a b. Dalent c. %irst &. Career e. 0one of these
*2.What is the #ini#u# a#ount of &eposit for our J!aro&a :ouble :ha#a$a %:
Sche#eK
a. .s.1(///<- b. )s.,+00012 c. .s.1/(///<- &. .s.*(///<- e. 0one of these
*4. 's per revise& gui&elines of Intersol Dransfer transactions( where either payee or
&rawer has account with the branch( what are the passing powers of Scale III an&
IL 6not wor$ing as It Manager<!ranch Hea&7
a. .s.1/(///<-
b. )s.1.00 lacs
c. .s.*.// lacs
&. 0o restriction
e. 0one of the above
*1. 's per revise& gui&elines of Intersol Dransfer transactions( where either payee or
&rawer has account with the branch( what are the passing powers of Scale I an& II
9fficers
a. )s.,0+00012
b. .s.1.// lacs
c. .s.*.// lacs
&. 0o restriction
e. 0one of the above
*>. which of the following case is not eligible un&er J!aro&a Ho#e Boan Froup Personal
'cci&ent Insurance PolicyK
a. Ho#e Boan borrowers sanctione&<&isburse& on or after 1/./C.1*
b. J'''K Boan borrowers whose Ho#e Boans were sanctione& before 1/./C.1*
c. 0.I<PI9 Ho#e Boans sanctione&<&isburse& on or after 1/./C.1*
d. 6a7 an& 6c7
e. "ll a+ b and c are eli/ible.
*@. What is the #argin stipulate& for J!aro&a '&vance against gol& orna#ents<
Iewellery<Fol& coins where the li#it is #ore than .s.2.// lacs
a. 115 b. */5 c. 2/5 &. *15 e. 3,5
*A. What is the new na#e given to our J!aro&a 0agri$ !achat ?hataK
a. Baroda Basic -a#in/s Bank !eposit "ccount -che.e
b. !aro&a 0o %rills 'ccount
c. !aro&a =ero !alance S! 'ccount
&. !aro&a '&vantage S! 'ccount
e. 0o such change
*C. Which one of the following is not a revise& feature of J!aro&a !asic Savings !an$
:epositK as in the earlier +0agri$ !achat ?hata"
a. Mini#u# &eposit a#ount #a&e 0IB fro# the earlier .s.1/<-
b. 0u#ber of w<& allowe& in a #onth are 4 as against 2 earlier
c. 0u#ber of cheque leaves allowe& free in a year , 1/
&. SI<3CS<Internet !an$ing<:ebit Car& allowe&
e. Dhere is no ceiling on the a#ount &eposite&
f. "ll the abo#e
2/. 9fficers above the age of 88888 years will be e-e#pte& fro# the Inter ;onal
transfers( if such officers &o not opt for further pro#otions.
a. ,, b. 1/ c. 12 &. 1@ e. none of these
21. 9fficers above the age of 888888 years will be e-e#pte& fro# Inter-.egion
Dransfer.
a. 11 b. 1/ c. 12 d. ,3 e. no e-e#ption for Inter-.egion
2*. Which of the following transactions co#es un&er the purview of phishing policy
a. Internet !an$ing b. #obile ban$ing c. 'DM
&. any transaction that ta$es place in the !ranch
e. a+ b & c abo#e
22. ' cap of #a-i#u# 88888 per transaction has been place& on in&ivi&ual re#ittance
un&er the recently launche& Money Dransfer service sche#e in tie up with M<s
Western Union.
a. 7-! 2,00 b. US: */// c. US: 1/// &. US: 1/// e. 0one
24. I##e&iate cre&it of local<outstation cheques facility will be available for the
instru#ents upto .s.8888888 in the satisfactorily con&ucte& accounts.
a. .s.11(///<- b. )s.20+00012 c. .s.*1(///<- &. .s.1(///<- e. none
21. I##e&iate cre&it of local<outstation cheques facility will be available for the
instru#ents upto .s.8888888 in !aro&a Pre#iu# Current 'ccount.
a. .s.*1(///<- b. )s.,0+00012 c. .s.1(//(///<- &. .s.@1(///<- e. none
2>.I##e&iate cre&it of local<outstation cheques facility will be available for the
instru#ents upto .s.8888888 in !aro&a Pre#iu# Privilege Current 'ccount-
a. .s.1(//(///<- b. )s.1+,0+00012 c. .s.1/(///<- &. .s.@1(///<- e. none
2@. I##e&iate cre&it of local<outstation cheques facility will be available for the
instru#ents upto .s.8888888 in !aro&a Centenary S! account-
a. )s.2,+00012 b. .s.*/(///<- c. .s.11(///<- &. .s.1/(///<- e. none
2A. Cheques presente& for collection to any four #aEor Metro Cities 60 :elhi( Mu#bai(
?ol$atta ) Chennai7 an& payable at any other three centre , shoul& be collecte&
within a #a-i#u# of,
a. 2 &ays b. 3 days c. 1/ &ays &. ne-t &ay of presentation e. none
2C. Cheques presente& for collection at Metro Centres ) State Capitals , shoul& be
collecte& within a #a-i#u# of ,
a. 2 &ays b. @ &ays c. 10 days &. 11 &ays e. 14 &ays
4/. Cheques presente& for collection at the centres other than Metro ) State Capitals ,
Shoul& be collecte& within a #a-i#u# of ,
a. 2 &ays b. @ &ays c. 1/ &ays d. 1* days e. 11 &ays
41. Dhe #a-i#u# perio& for affor&ing cre&it into the account for cheques &rawn on
foreign countries -
a. 2/ &ays b. *1 wor$ing &ays c. 2, $orkin/ days or 1 calendar .onth
$hiche#er is hi/her (sub8ect to holidays in these countries) &. 2/ &ays e-clusive
of holi&ays in these countries e. *1 &ays
4*. Interest payable for &elaye& collection of instru#ents within In&ia( if the &elay
beyon& @<1/<14 &ays -
a. -B )ate of nterest for the delayed period b. S! .ateM*5 for &elaye&
perio& c. S! .ateM*5 for the whole perio& fro# the &ate of sen&ing for collection
&. Der# :eposit .ate e. 0one
42. Interest payable for &elaye& collection of instru#ents within In&ia( if the &elay
beyon& 14 &ays but upto C/ &ays -
a. S! .ate of Interest for the &elaye& perio& b. S! .ateM*5 for &elaye&
perio& c. S! .ateM*5 for the whole perio& fro# the &ate of sen&ing for collection
d. 9er. !eposit )ate for the respecti#e period e. 0one
44. Interest payable for &elaye& collection of instru#ents within In&ia( in case of
e-traor&inary &elay( ie( &elays e-cee&ing C/ &ays -
a. S! .ate of Interest for the &elaye& perio& b. S! .ateM*5 for &elaye&
perio& c. %! )ate625 for the correspondin/ 9er. !eposit )ate
&. Der# :eposit .ate e. 0one
41. What is the .ate of Interest applicable w.e.f. /1./4.12 for the custo#er having a
PP% account
a. A.//5 b. A.*/5 c. :.305 &. A.1/5 e. A.@15
4>. What is the .ate of Interest applicable w.e.f. /1./4.12 for the custo#er having a
Senior Citi;en Savings Sche#e 6SCSS( *//47 account
a. ;.205 b. A.*/5 c. A.@/5 &. C.1/5 e. A.@15
4@. %ro# the year */11-1* onwar&s( which of the following is the assess#ent for# of
9fficers in our !an$
a. 3P.% b. 3PMS c. "<") &. P'S'S e. 9PMS

4A. What are the pre-requisites for availing our !an$"s 9nline tra&ing facility 6J!aro&a
3tra&eK7
a. S!<C' b. :e#at 'ccount c. 9nline Dra&ing '<c with our !an$
&. 9nly 6a7 an& 6b7 e. "ll the (a) (b) and (c)
4C. 's for flow of Cre&it to MSM3 Sector( !an$ is un&er .egulatory obligation for the
following ,
a. ' #ini#u# growth of */5 on y-to-y basis un&er SM3 cre&it
b. ' #ini#u# growth of 1/5 in nu#ber of a<cs in #icro sector
c. ' #ini#u# growth of *15 on y-to-y basis un&er SM3 cre&it
d. (a) and (b) abo#e
e. 6c7 an& 6b7 above
1/. !aro&a ?isan .upay Car& can not be issue& in following !?CC accounts ,
a. In case account beca#e 0P'
b. In case of over&ues in the account
c. If the account is over&ue for .eview
&. If &ocu#ents have e-pire& or B': is &ue
e. "ll the abo#e
11. What is the criteria for classifying an entity as MI: Corp
a. /ross turno#er of .ore than )s.1,012 Crores and upto )s.,0012 Crores
b. gross turnover of #ore than .s.1//<- Crores an& upto .s.*1/<- Crores
c. gross turnover of #ore than .s.11/<- Crores an& upto .s.2//<- Crores
&. gross turnover of #ore than .s.1//<- Crores an& upto .s.1//<- Crores
e. gross turnover of #ore than .s.11/<- crore without any #a-i#u# ceiling
1*. 'n entity has less than .s.41/ Cr turnover as per last year au&ite& !alance Sheet an&
showing a proEecte& turnover of .s.>// Crores for the current year. Where &o we
classify
a. SM3 0on .egulatory b. Mid Corporate c. Barge Corporate
&. SM3 .egulatory e. to be &eci&e& between SM3 ) Wholesale !an$ing

12. Un&er MSM3( which seg#ents will be classifie& as Priority Sector Ben&ing
a. Micro 3nterprises
b. S#all 3nterprises
c. Me&iu# 3nterprises
d. (a) and (b)
e. 6a7( 6b7 an& 6c7
14. Boans to in&ivi&uals up to .s.8888 in Metropolitan centres with population above 1/
lacs an& .s.8888 at other centres for purchase<construction of &welling unit will
be classifie& un&er PS.
a. )s.2, lacs & )s.1, lacs
b. .s.*1 lacs unifor#ly
c. .s.*/ lacs ) .s.1/ lacs
&. .s.*/ lacs unifor#ly
e. 0one of these
11. Boans for repairs to the &welling units<ho#e i#prove#ent loan up to .s.888 in .ural
) Se#i urban areas will be classifie& as Priority sector len&ing.
a. .s.1 lac b. )s.2 lacs c. .s.1 lacs &. .s.2 lacs e. 0one
1>. Boans for repairs to the &welling units<ho#e i#prove#ent loan up to .s.888 in
Metro ) Urban areas will be classifie& as Priority sector len&ing.
a. .s.1 lac b. .s.* lacs c. )s., lacs &. .s.2 lacs e. 0one
1@. What is the per &ay cash with&rawal li#it of .upay :ebit Car& at 'DMs
a. )s.2,+00012 b. .s.1/(///<- c. .s.*/(///<- &. .s.11(///<-
e. none of these
1A. .upay :ebit Car& can be issue& un&er the following ,
a. 9: against !an$"s 9wn :eposit
b. Staff 9:
c. 9: against 0SC( ?LP( BIC etc.
&. 6a7 an& 6b7 only
e. (a) (b) and (c)
1C. 'nnual training Cre&it targets have been intro&uce& as per ProEect Sparsh for both
the officers ) Cler$s. 'ccor&ingly( a full &ay progra##e will be worth 888 cre&its
an& an half &ay progra##e will be worth 888 cre&its.
a. 10 & , b. */ ) 1/ c. 1/ ) 2/ &. 1/ in all the cases e. none
>/. 'nnual Draining Cre&its targets for 9fficers ) Cler$s will be respectively 88888
a. */ ) 1/ b. 2/ ) */ c. ,0 & 30 &. 1// ) >/ e. none
>1. Dra&ing Units of non-custo#ers having less than 88888 years establish#ent #ay be
consi&ere& un&er Dra&ers Boan with the prior approval of .9.
a. 1 year b. 2 years c. 2 years &. 1 years e. none
==== Many MCQs can be fra.ed if you understand the belo$ tables ====
Larious li#its for SM3 6.egulatory7 Classification -
Activity Micro
Enterprises
Small Enterprises Medium
Enterprises
Manufacturing
(investment in P& M
Not Exceeding
`25lakh
Above `25lakh up
to `5cr
Above `5cr not
exceeding `!cr
"ervice (investment
in E#uipments$
Not Exceeding
`!lakh
Above `!lakh up
to `2cr
Above `2cr not
exceeding `5cr
In respect of 0ew ProEects whether Mfg( Services( Infrastructure etc( Dotal ProEect cost
woul& &eter#ine the classification as un&er ,
Activity SME Mid Corp. Large Corp.
%eal Estate Pro&ects ' 5! (r 5!)25! (r * 25! (r
+ther than %eal Estate Pro&ects ' !! (r !!)5!! (r * 5!! (r
9)7> ?) %"@-> 2
1. In !aro&a Ieevan Sura$sha S! account( 'uto Sweep<.everse Sweep facility can be
#a&e as 9ptional if custo#er requests. D
*. Special Interest benefit to staff can not be e-ten&e& in case of staff opening a
!aro&a Ieevan Sura$sha S! account. %
2. Interest .ate benefit for the staff can be e-ten&e& in !aro&a Da- !enefit %i-e&
:eposit. %
4. 9nline tra&ing account 69BD7 un&er !aro&a etra&e is currently available to &o#estic
resi&ents only. D
1. Dhe +#a$er-chec$er" concept in !aro&a Feneral Da- .e#ittance through C'-11A is
Centrali;e& at !aro&a Connect Dea#( Mu#bai only %
>. %acility for accessing to the CI!IB .eports for assessing the new borrowers" cre&it-
worthiness is given to '&#inistrative offices( Boan %actories an& so#e of the
selecte& Barge branches only. %
@. Dhe classification of SM3( Mi&-Corp or Barge Corp borrower woul& be 3ntity wise
an& not Froup wise. D
A. 'n e#ployee can no#inate hi#self for so#e of the Draining progra##es through
H.nes. D
C. 1/5 of the #ar$s is #an&atory for an e#ployee in the test con&ucte& at the en& of
every training progra##e con&ucte& by the !an$"s Draining Syste#. 9therwise( only
1/5 of the training cre&its will be awar&e&. D
1/. 's per Dra&ers Boan Sche#e( Boan #ay be consi&ere& for a tra&er for purchase of
Shop also as a Der# Boan un&er Dra&ers Boan. %
NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN
Wish you all Foo& Buc$( &ear !aro&iansOO..
Co#pile& by ,
M. Suresh ?u#ar( %aculty( DC( Chennai