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MEMORY RECALLED QUESTIONS AND RBI DIRECTIONS – (P. No. : 1-20)

INTERIM BUDGET 2019-20 – (P. No. : 21-24)

1. In CGTMSE, for loans from Rs. 5.00 lac to Rs. 50.00 lacs, what is the claim percentage : 75% of
amount in default maximum Rs. 37.50 lacs (80% in case of women & north east)
2. Under LRS maximum remittance per financial year is : USD. 2,50,000
3. Maximum loan amount for renewable energy for classification as PS is : Rs. 15.00 cr
4. Maximum loan amount for social infrastructure for classification as PS: Rs. 5.00 cr
5. Loans upto which amount for artisans, village and cottage industries to be classified under weaker
sections: Rs. 1.00 lacs
6. Loans upto which amount to women beneficiaries to be classified under weaker section : Rs. 1.00 lacs
7. Under PMAY, what is the maximum carpet area of dwelling unit: MIG I is Rs. 120 sq. meter and for
MIG II is 150 sq. meter. For EWS 30 sq. meter & for LIG 60 sq. meter (From 12.6.2018 MIG I is
Rs. 160 sq. meter and for MIG II is 200 sq. meter)
8. Small farmers are having land from: 1.00 hactare upto 2 hactare
9. Who is a Resident? People staying in India for > 182 days in previous financial year.
10. PMMY Shishu loans upto : Rs. 50,000/-
11. Risk weight for HL which is > 30 lacs upto 75 lac where LTV is < 80% is: 35%
12. Max number of members in SHGs – 20
13. What is Letter of Credit? Undertaking by a bank to make payment to beneficiary on submission of
documents under LC.
14. Maximum loan to Small Service enterprises for classification as PS: No limit (earlier it was Rs. 5.00 crs)
15. Customer receives amount from abroad. Nostro account of the bank is credited with foreign
correspondent bank. What will be rate of exchange: TT Buying rate
16. Micro Manufacturing enterprise is one in which investment in machinery upto : Rs. 25 Lakhs
17. Small Service enterprise means in which investment in equipment is upto: Rs. 2 Crore
18. JLG member range: 4 to 10
19. CERSAI full form: Central Registry of Securitisation, Asset Reconstruction and Security Interest of
India
20. SARFAESI Act. Borrower and guarantor raise objection. Reply within : 15 days
21. Loan under CGTMSE upto 5 Lakh coverage: 85% of amount in default.
22. Priority sector lending target is computed at percentage of : Adjusted Net Bank Credit or Credit
Equivalent of Off Balance Sheet Exposure whichever is higher.
23. Shortfall in Priority Sector lending under Agriculture shall be deposited with : NABARD under – RIDF
(Rural Infrastructure Development Fund).
24. As per RBI guidelines, Banks are required to follow priority sectors norms for : Acknowledgement of
application, ROI norms, Securities norms & application disposal norms.
25. What will be the members in a Self Help Group under NRLM : Women SHGs under DAY-NRLM
consist of 10-20 persons.
26. Under NRLM, What is the amount of minimum CC limit to each eligible SHG for a period of 5 years
with a yearly drawing power: – Rs. 5 lacs.
27. LC wherein the utilized amount under bill payment is reinstated: Revolving LC.
28. UCP 600 is maintained and revised by : International Chamber of Commerce (ICC).
29. UCP 600, if there is no indication of insurance cover, the amount of insurance coverage must be atleast
….. of CIF value : 110%
30. Income Criteria in PMEGP : No ceiling
31. Maximum finance for repair and renovation of house in metro under priority sector : Rs. 5 lac
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32. Minimum and maximum period for FCNR (B) : 1 year and 5 years
33. Full form of LRS : Liberalized Remittance Scheme
34. Provision on Standard loan in case of Direct Agri and Direct MSE advances: 0.25% of outstanding
35. Investment limit in plant and machinery for classification as small manufacturing enterprise: above Rs.
25 lac upto Rs. 5 cr.
36. Max. Education Loan for coverage under priority sector in India : No limit on limit but Max Rs. 10 lac
will be treated PS.
37. PMSBY insurance cover in accident: max Rs. 2 lac
38. Max amount of crop loan under KCC for claiming Interest subvention: Rs. 3 lac
39. How much inward remittance can be credited to EEFC a/c : 100% of export proceeds
40. NPA norms are not applicable to which type of loans? : Loan against deposits, life insurance policy,
NSC.
41. Stand by LC is just like : Bank Guarantee.
42. What is the maximum amount of finance under Shishu category of MUDRA : Rs. 50,000
43. Full form of UCPDC : Uniform Customs & Practices for Documentary Credits.
44. Weaker section target: 10% of ANBC or CEOBE whichever is higher
45. Annual growth target of outstanding advance to Micro & Small Enterprises : 20%
46. Micro Enterprise target for 2016-17 : 7.5% of ANBC or CEOBE whichever is higher
47. Provision on Commercial Real Estate in Residential Housing : 0.75% of outstanding
48. A loan upto Rs. 50,000 will be covered under Priority Sector Others provided Annual Household income
for non rural borrower does not exceed : Rs. 1,60,000/-
49. What is the maximum amount of loan to SC/ST for construction of house under DRI scheme: Rs.
20,000/-
50. What is the target for financing of agriculture?: 18% of ANBC or CEOBE whichever is higher.
51. A unit in service sector will be classified as Medium enterprise if investment in equipment is : More
than Rs. 2 crore and upto Rs. 5 crore.
52. What is the rate of interest subvention in crop; loans upto Rs. 3 lac?: 2%
53. What is not the objective of Self Help Groups? Marking Super profit or raising loan from banks.
54. What is the Standard rate of Guarantee fees for loans more than Rs. 5 lac upto Rs. 50 Lakh made to
micro enterprises under CGTMSE? : 1.35% p.a. of outstanding amount.
55. What is the minimum qualification required to be eligible under PMEGP scheme for a Manufacturing
unit with investment in P & M above 10 Lac upto Rs. 25 Lac: 8th Class pass.
56. For how much period the account should be irregular for being classified as SMA-2 : 61 days to 90
days.
57. What is the amount of fees for registration with CERSAI? : Rs. 50 for loan up to Rs. 5 lakh and Rs.
100 for loan more than Rs. 5 lakh.
58. Loan given for short duration crop becomes NPA when it is overdue for : two crop seasons
59. Maximum amount of loan for coverage under Priority Sector in respect of Housing Loan at Metro cities
with population of 10 lac or above: Rs. 35 lac
60. Loan to farmer against stored agri produce : Max 50 lac for max 12 months.
61. FCNR (B) account – Joint account can be opened with whom?: Non Residents. Also with residents
who are close relatives on former or survivor basis.
62. What is the rate of margin for education loan for education abroad if the amount of loan is more than Rs.
4 lac?: 15%
63. Loan to Agri Clinic and agri business centre is classified as : Ancillary activities as part of Agriculture
loans.
64. What is the maximum denomination of rupee currency one can carry to Nepal: Up to Rs. 25000 in
denomination of more than Rs. 100 and balance in denomination of Rs. 100 or below.
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65. For being eligible for Revolving Fund under NRLM, Self Help Group is required to follow Panch Sutras.
What are these Panch Sutras?: Regular Saving, Regular internal lending, Regular recovery, Regular
Meetings and Regular accounts.
66. NULM Funding sharing ratio : 75% by Central Govt. and 25% by State Govt.
67. What is the full form of CGTMSE? : Credit Guarantee Trust for Micro and Small Enterprise.
68. Target of RRB has been revised for priority sector and the revised target is : 75%.
69. Borrower should be given ….. days notice prior to possession and ….. days notice prior to sale of
security under Sarfesi Act: 60 days; 30 days.
70. Who fixes scale of finance for short term crops : Distt. Technical Committee
71. Remittance under LRS for education. What rate to be applied : TT selling rate
72. Maximum project cost for housing loan in area with population less than 10 lac, to classify under priority
sector: Rs. 30 lac
73. Loan amount 30 lacs what is the CGTMSE coverage for women: Rs. 24 lac.
74. How much forex can be released for business trip abroad: USD 250000 in a financial year.
75. Foreign DD cancellation, applicable rate will be : TT buying rate
76. Debt swapping – purpose: loan for repayment of loan raised from money lenders
77. In NRLM loan will be provided in multiple doses. The loan amount during 2 nd dose will be 8 times of
corpus with a minimum of : Rs. 2 lac
78. PMEGP – no collateral upto: Rs. 10 lacs
79. CGTMSE cover for loan of Rs. 25 lacs to women entrepreneur: 80% of amount in default
80. SARFAESI Act not applicable in following cases : Loan amount upto Rs. 1,00,000
81. From NRO to NRE maximum amount that can be transferred: USD 1 million per financial year
82. Insurance premium for PM Fasal Bima Yojna : 2% for kharif, 1.5% for rabi and 5% annual crops
83. Expand PMFBY : Pradhan Mantri Fasal Bima Yojna
84. Premium under PMJJBY : Rs. 330 p.a.
85. Full form of MUDRA : Micro Unit Development and Refinance Agency
86. What is the annual premium under PM Jeevan Suraksha Bima Yojna?: Rs. 12
87. What is the period of insurance under PM Jivan Jyoti Bima Yojna?: One year at a time. The age for
entry is between 18 to 50 years.
88. In case of advances covered under Credit Guarantee Scheme for Micro and Small enterprises, what is the
extent of guarantee cover for loans more than Rs. 5 lac but up to Rs. 50 lac: 75% of the amount in
default (it is 80% for units other than by women beneficiaries or in North East).
89. Banks should give how much per cent of DRI advance to SC/ST? : 40%
90. As per RBI, Domestic Commercial Banks are required to lend to priority sector at least 40% of ______
or CEOBE, whichever is higher: Adjusted Net Bank Credit (ANBC)
91. Rural Infrastructure Development Fund (RIDF) is maintained with : NABARD
92. For being eligible to be classified as small (service) enterprise, the original investment in equipment
should not exceed : Rs. 2 crore
93. Which of the following is nodal agency for PMEGP: KVIC; Khadi & Village Industries Commission.
94. The term "your account with us" represents which type of account?: Vostro account
95. In case of Bills purchased or Bills discounted, account will be classified as NPA, when the bill remains
overdue for a period of: more than 90 days
96. Bank can enforce its rights under Sarfaesi Act, provided outstanding balance in the account is : more
than Rs. 1 lac
97. Under Sarfaesi Act, if on receipt of 60 days notice from bank, the borrower makes any representation or
raises any objection, the secured creditor should reply within: 15 days
98. LC can be issued by Applicant's bank in favour of: exporter

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99. In which of the following type of assets, bank can file a claim with DRT for recovery of bank's dues:
NPA
100. What is PS Lending target for Small & Marginal farmers for foreign banks with 20 or more branches :
8% of ANBC
101. What is PS Lending target for micro enterprises, for foreign banks with 20 or more branches : 7.5% of
ANBC
102. What type of coins need not be accepted by banks when deposited by customer for exchange :
Banks cannot refuse any coins for deposit or exchange
103. Penalty by RBI for delayed reporting or wrong reporting of soiled note remittance : Rs. 50,000
104. As per BCSBI Customer Code 2018, banks are to update CIC credit status within : 30 days
105. CRILC main is to be submitted by banks on : Monthly basis w.e.f. 1.4.18.
106. Report about borrowers with default amount of Rs. 5 cr. and above to be reported to CRILC :
On weekly basis, started 23.2.18.
107. What is rate of health and education cess during FY 2018-19 : 4%
108. TDS on interest paid to Senior Citizen is not applicable for amount : Up to Rs. 50,000
109. For 2018-19, the amount of deposit in PM Vaya Vandhana Yojna raised to : Rs. 15 lac (earlier 7.50 lac)
110. Retail trade loans up to _______ are eligible for CGTMSE guarantee cover : Up to Rs. 100 lac (earlier
min. 10 lac up to 100 lac)
111. Rate of interest for being eligible to available CTGMSE guarantee : ROI as charged as per RBI
directions
112. For all ATMs in India, banks to make provision for cassette swap for cash replenishment by : 31.03.2021
113. In cash management, service providers can be engaged having min. NW of : Rs. 100 cr.
114. For LRS transaction, quoting of PAN is mandatory for FC value ____ and above : Mandatory in all
cases irrespective of amount.
115. In cash management, banks can engage service providers, who should have fleet of : Min 300 specially
fabricated cash vans
116. What is house cost and home loan under priority sector, for places with population 10 lac or more :
Max Rs. 45 lac and Rs. 35 lac respectively
117. What is house cost and home loan under priority sector, for places with population < 10 lac :
Max Rs. 30 lac and Rs. 25 lac respectively
118. What is an associate company :
A company in which significance control (min 20% of voting power) is exercised by another
company
119. Paid up capital and annual turnover of a small company, can be :
Max Rs. 10 cr and Rs. 100 cr respectively
120. In case of a company, ROC can extend charge registration period by ____ :
30 days and extra 60 days
121. Bank can file details for registration of charge with in _____ if company has failed to do so : On expiry
of 30 days.
122. Amount is paid to customer @ _____ ROI, when unclaimed deposits transferred to DEAF. : 3.5%
(1.7.2018)
123. For PS loan - housing projects for LIG and EWS, what is max AFI to become eligible : Rs. 6 lac and Rs.
3 lac
124. Banks are required to upgrade all ATMs against skimming and with white-listing solutions by : 31.03.19
125. Banks are required to upgrade all ATMs with supported operating versions by : 30.06.2019
126. Max AFI to be eligible for subsidy under Padho Pradesh Interest subsidy (minority communities) : Rs.
6 lac p.a.
127. With effect from 15.09.18, what is required to be included in DD when it is issued : Name of purchaser
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128. System-wide average of last 3 years for lending to non-corporate farmers for 2018-19 is : 11.99%
129. Claims for agency commission on govt. business can be sent by banks on quarterly basis within : 60 days
130. Under Gold Monetization (STBD) Bank Scheme maturity period can be : 1-3 years with broken period
facility
131. Under Gold Monetization (MTBD/LTBD) Govt. Scheme maturity period can be : 5-7 years and 12-15
years respectively with broken period facility
132. Lock in period under Gold Monetization (MTBD/LTBD) Govt. Scheme is : 3 years and 5 years
respectively
133. NBFCs and SCB can co-originate PS Loans, in which, credit risk of NBFC shall be : At least 20%
134. For grievance redressal can approach Ombudsman, under co-origination PS scheme if : Not resolved
within 30 days
135. During Sep. 2018, RBI has permitted which type of banks to be converted to Small Finance Banks :
Primary Coop Banks (Urban Coop Banks)
136. Portal for on-line sanction of loans to MSE in 59 minutes, deals with loans up to : Rs. 1 cr
137. GST-registered MSME can avail incremental loan at interest subsidy of : 2%
138. On pre-shipment and post-shipment loan to MSME, rate of interest equalization subsidy is : 5% (for
normal exporters it is 3%)
139. Companies with turnover of Rs. _____ have to participate mandatorily in TReDS for MSME : Rs. 500 cr
140. Public sector enterprises have to ensure min ____% procurement from MSMEs : 25%
141. Legal Entity Identifier is ____ digit code : 20 character unique identity code
142. All participants in money market, forex market or govt. securities markets to obtain LEI by :
31.03.2020
143. Feature of positive confirmation to remitter of funds is available under : NEFT and RTGS
144. All floating rate loans to MSMEs w.e.f. 1.4.19 to have : External benchmarks (say Repo, 91 days and
182 days Treasury bills, any other by FBIL)
145. As per Framework for resolution of Stressed assets, default means non-payment of due amount : Due
amount remaining overdue > 30 days
146. As per Framework for resolution of Stressed assets, 'large exposure' means : Exposure of Rs. 100 cr or
above
147. What is the target of lending to Priority Sector for Domestic Commercial Banks other than RRB : 40%
of Adjusted Net Banking Credit or Off Balance Sheet Exposure whichever is higher.
148. If on a letter of credit it is not mentioned whether it is revocable or irrevocable, then as UCPDC 600, it
will be treated as : Irrevocable LC
149. What is the target for foreign banks with less than 20 branches in India for financing Priority sector:
40% of the adjusted net bank credit or credit equivalent of Off balance sheet exposure whichever
is higher.
150. Which of the following is indirect rate for quoting exchange rate in foreign exchange? : Rs. 100 = US $
1.60 (Home currency is fixed and foreign currency varies)
151. In case of agricultural advances, no dues certificate is not required for loan up to : up to any amount
152. Advance granted for setting up Warehouse or Cold Storage anywhere in India will be considered as
advance to agriculture provided the amount of advance does not exceed: Rs. 100 crore
153. Apiculture means : Bee Keeping
154. In case of agricultural advance no margin or collateral security should be taken up to : Rs. 1,00,000/-
155. An account was restructured on 30th June, 2011 and first instalment was due on 31.12.11. The instalment
was deposited on 29.12.11. The account will be considered as standard if instalments are paid regularly
for 12 months with effect from : 31.12.12.
156. Under CGFT scheme for MSE, for loans up to Rs. 50 lac, 80% coverage is available for : women and
North East only.
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157. Restructured account can be upgraded to standard if the operation in the account is satisfactory for a
period of: 12 months from the date when the first instalment was due.
158. For the purpose of Medical Treatment, how much amount can be remitted freely in a Financial year on
declaration basis: US $ 250,000 under Liberalised Remittance Scheme.
159. Provisions on Standard Assets are shown under which head in the balance sheet of the Bank?: Other
Liabilities and Provisions on Liabilities side.
160. In an endeavour to promote export credit, the target for export credit for Indian Banks has been fixed at
______ and for foreign banks has been fixed at : None as there is no target for export credit for any
type of banks.
161. For classification of assets in consortium accounts, which of the following is to be considered? : In
consortium accounts, each bank will classify the account as per its record of recovery.
162. In case of PMEGP, maximum project cost under Manufacturing Sector is _______ and Service Sector is
_____: Rs. 25 lakhs and Rs. 10 lakhs
163. Under SARFAESI Act, in the case of Consortium lending, _____ % of creditors to agree to bring the
action under SARFAESI : 60% of creditors by value.
164. The family income criteria for urban areas under DRI scheme is Rs. ________ : Max Rs. 24,000/- p.a.
165. Guarantee fees for CGTMSE in case of advance more than Rs. 5 lakh up to Rs. 50 lakh in North East and
Women is _____ and for micro credit upto Rs. 5 lakhs in Nort East & Women is ____ : 1.35% and 1%
p.a. of outstanding amount respectively.
166. In case of NRO accounts, Authorised Dealers can allow repatriation of the sale proceeds of immovable
property up to _____ in a financial year: US$ 1 million.
167. As per RBI guidelines, Loans to Agro and food processing units are eligible to be classified under
Agriculture provided the original investment in plant and machinery does not exceed: No such limit.
Max advance up to Rs. 100 crore
168. To be classified as Priority Sector, the limits on advance for repairs to dwelling unit located in Rural is
____ and for units located in metro areas is Rs. _____: Rs. 2 lakh rural, Rs. 5 lakh metro
169. RBI has restricted sanctioning of existing loans granted against FCNR (B) deposits to : No limit
170. Under UCPDC 600, what is the tolerance limit of variation in Quantity, if not specifically mentioned in
LC : +/- 5%
171. If a LC contains a clause "about" regarding the amount and quantity of goods, how much tolerance is
permitted ? : 10%
172. What are the benefits of covering advances under CGSMSE? : Bank can finance viable projects
without insisting for collateral security.
173. In case of SARFAESI Act, before preferring appeal to DRAT, how much amount is to be deposited by
the borrower with DRAT? : 50% of the claim amount which can be reduced to 25% by the DRAT.
For making application to DRT, no amount is to be deposited.
174. Within how many days, Export documents and Bill of Lading to be submitted to Authorised Dealer for
realization? : 21 days of shipment.
175. In a Doubtful account, which is doubtful for more than 3 years, how much provision should be made if
the account is fully secured by tangible security : 100% of the amount outstanding.
176. Advances up to 50 lacs against pledge/Hypothecation of Agricultural produce for a period not exceeding
12 months - treated as priority sector.
177. NRI customer seeking loan against FCNR/NRE Deposits 30 lacs : It can be given because there is no
limit on loan against NRI Deposits.
178. UCPDC – for examination of documents – 5 banking days (Act 14 b)
179. FCNR (B) Deposit Exchange risk is borne by respective banks.
180. PMEGP – Margin/Promoter contribution : 10% General & 5% for Spl. category borrowers

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181. FCNR (B) account can not be opened in which of the following currencies – US Dollar, Euro, GBP,
Australian Dollar: None of these as it can be opened in any freely convertible currency.
182. In short term agricultural advances, interest subvention is allowed. What is the rule in this regard ? :
Interest subvention at the rate of 2% allowed up to Rs. 3 lakh and bank will charge interest at the
rate of 7%.
183. An NRE deposit was made for 5 years with the bank. What will be the interest rate payable on this FDR:
As per bank discretion but not more than domestic rates.
184. If in a NPA account, the value of security both primary and collateral deteriorates so much that its
realizable value is 10% and above but less than 50% of the amount outstanding, then this account is
directly classified as : Doubtful asset.
185. Maximum amount of loan to DRI beneficiary was revised as per Union Budget 2007-08. What is the
maximum loan other than the Housing Loan to SC/ST that can be granted to DRI beneficiary : Rs.
15,000/-
186. Indian Banks are required to lend at least ______ to Agriculture : 18% of Adjusted Net Bank Credit
(or 45% of PS advances).
187. A Letter of Credit that contains clause for giving advance for pre-shipment is called : Red Clause LC
188. What is Guarantee fee payable to under CGFT for loans more than Rs. 5 lac and up to Rs. 50 lakh in
North East and other areas: 1.35% p.a. of outstanding amount for loans in North East or to woman
or to micro enterprise and 1.5% p.a. of outstanding amount in other cases
189. Limit for filing suit in DRT : Rs. 20 lacs and above
190. In how many days unutilized FOREX money to be surrendered : 180 days
191. Limit for settling cases in Lok Adalat : Upto Rs. 20 lacs
192. After how much time, NPA account can be sold: Any time after NPA
193. If documents are to be presented in about 10 July : these can be presented within 5 days before or 5
days after.
194. When account will be out of order, in case of non-receipt of Stock Statement : If statement not received
for last 3 months.
195. Exemption of Collateral Security in Agri-Business Clinics Centre : Up to Rs. 5.00 lacs
196. Charge where SARFAESI action can not taken : Pledge
197. List of willful defaulter with balance of ______ to be submitted to Credit Information Co. : Rs. 25 lacs
and above
198. Within priority sector, what is the allocation to weaker section ? : 25% of PS
199. For being defined as Medium Manufacturing enterprise, the original investment in plant & machinery
should be : More than Rs. 5 crore and up to Rs. 10 crore.
200. As per UCPDC 600, beginning of the month implies : 1st to 10th of month
201. Account of Bank of America with a bank in India in Rupee is called : Vostro
202. A crop is considered a long duration crop if the crop season is : More than 12 months
203. For Housing Loan of Rs. 30 lac, Risk weight is : 35% if Loan to Value Ratio is up to 80%.
204. Compounding of interest in FCNR (B) A/c if deposit remain for more than one year: after every 180
days
205. In a letter of credit, it is written that documents can be negotiated about 30th June. In this case, the
documents can be negotiated: Before or after 5 days of 30th June.
206. Framework for resolution of Stressed assets - 2 independent credit evaluations to be taken for :
207. Exposure of Rs. 500 cr and above
Resolution of Stressed assets - time line for making reference under IBC 2016 :
Within 180 days of 1st default where exposure is Rs. 2000 cr or more
208. Who announces overnight MIBOR, term MIBOR, CD benchmark rates: FBIL
209. With effect from 31.03.2018, valuation of govt. securities is administered by:FBIL(earlier FIMMDA).
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210. New Indian Accounting Standards to be applicable to Indian Banks w.e.f. : 01.04.2019(earlier
1.04.2018)
211. Transactions under LRS to be reported on XBRL site on :
Daily basis (to obviate possibility of remittance amount breaching the LRS limit of USD 250000)
212. Formulation of accounting and auditing practices is to be done by
National Financial Reporting Authority (NFRA) – previously ICAI.
213. What type of services can be allowed by banks, to entities dealing with virtual currencies
Cannot have dealings and cannot offer any services (ring-fencing)
214. Starting Jan 2019, SLR to be reduced by 25 basis points on quarterly basis till it reaches level of:
18% of NDTL
215. FPI limit for investment in Central Govt. securities is _____ of o/s stock of securities for 2018-19
5.5% (6% for 2019-20) - It is 9% for corporate securities
216. Liquidity coverage ratio ensures that banks have sufficient HQLAs to survive liquidity stress for : 30
days
217. Objective of Net stable funding ratio:To ensure more stable funding of banks, on ongoing basis
218. NFSR is calculated as:Available stable funds/required stable funds
219. NFSR should be : 100%
220. NFSR to be implemented in India: W.e.f. 01.04.2020
221. Under LRS for remittance for maintenance of close relative, definition to be followed, as per :
Companies Act 2013
222. For banks to participate in interest rate option, CAR and NW should not be less than
9% and Rs. 500 cr respectively
223. As per RBI Repo Directions 2018, what is period of Repo transactions:1 day to one year
224. As per RBI Repo Directions 2018, settlement of Repo transactions can be on :T + 0 or T – 1 day basis
225. A security which has been authorized by Govt. to be issued, but not yet issued is called:
When, as and if issued
226. SCBs can participate in auction of "when as and if issued" securities, up to:
25% of notified amount in auction
227. When a bank sells a security which does not own as yet, is called: Short sale
228. As per RBI directions on short sale, max amount of short sale of a security can be : Liquid securities -
2% (max Rs. 500 cr of o/s stock of security) and other securities 1% (max 250 cr)
229. Manufacturing companies can raise ECB for WC purpose up to USD 50 million for a min maturity of :
1 year (normal maturity is 3 years)
230. Carve out from SLR under Facility to avail liquidity for LCR (FALLCR) can be up to :
13% (+ 2% MSF - hence total 15%) w.e.f. 1.10.18
231. Public sector oil marketing companies can raise ECB for working capital purpose for maturity of : 3/5
years
232. Hedging requirement for Track-1 ECB (3-5 years) has been reduced from ___ to____ (Nov 2018):
100% to 70%
233. Average base rate of 5 leading banks to be charged by NBFC-MFI to borrowers:
9.15% (for quarter beginning 1.1.19)
234. Rule based limit on outstanding stock of ECB fixed by RBI:6.5% of GDP (USD billion based on
31.03.18)
235. Banks are required to file with CERSAI, the details of pending charges latest by: 31.03.19
236. For import of capital goods importers can raise trade credit up to ____USD 50 million per import
transaction
237. Transfer of securities from one SGL/CSGL to another SGL/CSGL account without consideration
Value free transactions (VFT)
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238. Value free transactions (VFT) can be undertaken by banks on RBI's CBS called : E-Kuber
239. Value free transactions (VFT) are to be reported to RBI on : Weekly basis
240. W.e.f. 6.12.18, RBI provides daily information about CRR to market participants latest by : Next day
241. Min. no. of members in DAY-NULM group enterprise: 3
242. Non-CTS compliant cheques are not processed for clearing at CTS centres across India w.e.f. :
01.01.2019
243. TL principal amount due date February 12, not paid. Classification on 31st March: SMA-1
244. Amount of Rs. 35000 withdrawn fraudulently through ATM by someone from SB account of X
Operational risk for bank
245. Sanction of loan to farmer, to pre-pay his non-institutional loans, raised at high ROI: Debt Swap
246. Amount of loan to woman enterprise, which can be classified as weaker section: Max Rs. 1 lac
247. Differential interest can be allowed in SB a/c when end of day balance is :Above Rs. 1 lac
248. To provide finance to MFI, the qualifying asset include loan up to :
Rs. 60000 lac in 1st cycle and Rs. 1 lac in 2nd cycle.
249. National Financial Switch operated by NPCI is associated with:ATM networking
250. If incorrect information is provided by PIO under RTI, what is penalty
Rs. 250 per day max. for Rs. 25000.
251. Fraudulent attempt to obtain sensitive information such as ID/PW etc. by way of E-Mails: Vishing
attack
252. Financial capacity of a borrower to repay short term liabilities, is reflected by :Current ratio
253. Amount of max loan per house, which can be allowed to Govt. agency for slum clearance: Rs. 10 lac
254. Provisions related to safe custody of articles, are given in:Indian Contract Act (bailment)
255. A basic document for opening bank a/c, dispensed with, as per Companies Act 2013
Certificate of commencement of business
256. Company financed by Bank-A, Bank-B, Bank-C, A/c with Bank-C is sub-standard. Classification by B
As per conduct of account with bank-B, irrespective of classification by other banks.
257. X submits US hospital estimates for USD 350000 for his medical treatment. If permitted under LRS
Allowed up to USD 250000 without documents and any amount with proper proof.
258. Exchange Earner's FC account can be opened as: No interest current account
259. Beneficiaries of General Credit Card:Non-farm activities borrowers
260. Bank received 3 counterfeits notes of Rs. 2000 each. When to report to policy: At month end.
261. Max amount of revolving fund facility available to SHG under NRLM: Rs. 15000
262. Bank-A and Bank-B provided WC limit to XYZ. Type of charge, in their favour: Pari-passu charge
263. Club account jointly operated by X and Y. Y died and cheque signed by them is presented
Cheque shall be paid
264. A farmer owns 0.79 hectare irrigated land. Classification:Marginal farmer
265. For transfer of files within a company, which computer network is used: Intranet
266. A school is proposed to be constructed in semi-urban area falling in Tier-III place. Max loan in PS: Rs.
5 cr.
267. Max time for which small deposit account can be allowed Extension can be allowed if
12 months. Extension if proof of having applied OVD.
268. Bailment of goods by one person with another person, with a view to secure a loan is : Pledge
269. Joint account of X and Y. B is PoA holder. Y dies and cheque signed by B is presented:
It will be returned.
270. In garnishee order on SB a/c of Z, received from court, amount is not mentioned.
Entire balance in the account is provisional attached.
271. Rupay card issued by NPCI - amount of insurance cover: Rs. 1 lac
272. Amount of composite loan to MSE under single window scheme: Rs. 1 cr (max)
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273. XYZ Limited to open CA in Bank-A. It sent information to Bank-B. A/c can be opened in no reply for
15 days
274. Crop loan can be converted in medium term loan repayable over 5 years where, crop loss is: 50%
275. Cash payment of FD of Rs. 20000 or above not to be made, as per
Section 269 of Income Tax Act
276. Intra depository & inter-depository receipts to be preserved as per PML Act 2002 for
5 years from date of transaction
277. Interest subvention under NRLM is available when loan amount is ____ and ROI is _____:Rs. 3 lac, 7%
278. National level monitoring of PM Mudra Yojna is done by:DFS - Ministry of Finance
279. Penalty for non-compliance of currency chest operational guidelines, detected by RBI: Rs. 5000
280. Customer ID information to be updated for medium risk at least once in _____, as per KYC directions of
RBI:8 years
281. Resident Indians returning from abroad, are to surrender FC beyond the approved limit within : 180
days
282. Long term sources are 16 lac. Total assets 30 lac. Long term uses are 12 lac. NWC: 4 lac (16-12)
283. RBI lends money to banks by purchasing govt. securities at _____ rate: Repo rate
284. CGTMSE guarantee cover for micro enterprise loan up to Rs. 5 lac
55% of amount in default max Rs. 4.25 lac
285. Under RTI Act, what is per day penalty for delay in providing information:Rs. 250 per day
286. Time limit for disposal of priority sector loan application:Bank discretion
287. Why registration of partnership is preferred by bank, while giving loan
Registered firm has better legal rights i.e. can file suit to recover amount due to it
288. Fraud amount Rs. 5 cr. Staff involved. Report to CBI - where :Anti-corruption Bureau
289. In bank balance sheet, the Bank guarantee or LC is shown in which schedule: liabilities
290. Document of identity in case of a company:Certificate of incorporation, issued by ROC
291. For loan by MFI, the min. repayment period should be 24 months if amount of loan is :
Rs. 30000 or above
292. In which type of charge, possession and ownership of immovable property remains with borrower:
Mortgage
293. CGTMSE fee structure include Standard rate + _____ premium + _____ premium
NPA level, Claim payout ratio
294. Our bank account opened in FC in London is called:NOSTRO account
295. What is legal status of nominee:Trustee for legal heirs
296. NRE FD maturity period:Min 1 year max. bank discretion
297. A trust has requested for overdraft against FDR.
Can be allowed, if trust deed permits
298. What is the time limit for registration of charge with ROC permission by a company
120 days (previously 300 days) from date of documents
299. Under PMAY what is eligible carpet area for LIG
60 sq. mt. (30 for EWS, 160 for MIG-1, 200 for MIG-2)
300. Prepayment card can be issued only with proper KYC when amount is : Up to Rs. 1 lac
301. MCLR components include (a) cost of fund (b) negative carry of CRR (c) operational cost (d) ___
Tenor premium
302. Amount of compensation for customer in Award of Ombudsman:Max. Rs. 20 lac
303. Customer has to send acceptance of Ombudsman Award within: 30 days
th
304. What is amount of limit/loan in favour of SHG under NRLM as 4 dose: Min. Rs. 5 lac
305. Merchant discount rate for debit card transactions with turnover of < 20 lac:
0.3% (cap of Rs. 200 per transaction)
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306. Cut-off amount for borrowers to be declared as non-cooperative borrowers: Rs. 5 cr
307. LC consignment value is USD 50000 CIF. Insurance not mentioned. How much to be as per UCP
At least USD 55000
308. Guarantee given by bank for payment of machinery taken by borrower on instalments
Deferred payment guarantee
309. International commercial terms like FOB, CIF, FAS etc. are framed by : ICC, Paris
310. LC which is reinstated after payment of previous drawings by applicant, is : Revolving LC
311. RuPay card insurance claim is available only when premium RuPay card is used ___ before accident :
45 days
312. If cheque or ECS of Rs. 1 cr and above is dishonoured repeatedly, in an account
Type of action-bank discretion.
313. For a personal loan, what is risk weight as per Basel3 :125%
314. HUF cannot be a partner in a firm (Supreme Court) because:
HUF is not a person, as per definition in Indian P-Ship Act
315. For CGTMSE guarantee, the rate of interest:Bank discretion, but within RBI framework
316. For PCA implementation for a bank, the level of NPA:Net NPA> = 6%
317. Garnishee order is served to attach account of a depositor. For court, the depositor is:
Judgement debtor
318. A red flag account of a willful defaulter, will be referred to CBI ___when amount is 3 cr to 25 cr.
Economic Offences wing
319. Advance given for setting up Cold Storage for storing agricultural produce will be treated as part of
priority sector provided the unit is located: Anywhere in India
320. NRE Fixed Deposit is issued normally for maximum period of : As per bank discretion, maximum 10
years
321. A crop will be considered as Short Duration crop, if the crop season is up to : 12 months
322. If value of a security in a account deteriorates so much that its realizable value is less than 10% the
outstanding, the account shall be directly classified to : Loss assets
323. How much foreign Exchange can be retained by a resident individual returning from abroad: US$ 2000
324. Maximum amount of cash that can be accepted for issue of foreign currency at present is : Rs. 50,000
325. In case of doubtful accounts more than 2 years old the provision is required to be made at the rate of:
100%
326. A unit in service enterprise is considered as medium if the investment in equipment is : more than Rs. 2
crore but up to Rs. 5 crore.
327. An NRI can open a joint account with a resident in case of _____ accounts : NRO/NRE/FCNR. (For
NRE & FCNR on F/S)
328. Amount of maximum loan given to micro and small enterprises that is covered under CGTMSE scheme :
Rs. 200 lac
329. A loan associated with a short duration crop, becomes sub-standard after remaining special mention
account for a period of : two crop seasons
330. Number of days allowed to opening bank and negotiating bank to verify that documents are as per terms
of LC is : 5 banking days each
331. If stock statement is not submitted for 3 months from its due date and DP is allowed on the basis of old
stock report, then the account will be considered NPA after : 90 days
332. NRE a/c holder can open which type of accounts ? : SB/CA/RD/FD
333. A cash credit account will be treated as NPA if the CC limit is not renewed within _____ days from the
due date of renewal : 180 days.
334. If on a Letter of Credit, date is mentioned as "end of the month", then as per UCPDC 600, it will mean :
21st to last day of the month.
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335. Under Liberalised Remittance Scheme, which of the following is true? : (a) Remittance can be made by
individual only (b) Remittance can be made for permissible current account and capital account
transaction. (c) Remittance can not be made by Trust or Partnership (d) If remittance is to be made for
capital account transaction, no credit is to be provided (e) all of these
336. Why TT Buying rate is higher than the Bills Buying Rate : ? As Nostro account of the bank is credited
earlier before making payment to the customer.
337. UCPDC is issued by : (a) ICC (b) RBI (c) IMF (d) any of these : ICC Paris.
338. If in a LC words around is written with date then variation of _____ is allowed in the period : +/-
calendar days
339. Under CGFT, for loans more than Rs. 5 lac but upto Rs. 50 lakh, 80% guarantee cover is available for :
Loan to Micro enterprises in NE States, Women.
340. For repayment under global credit card of an NRI, which account can be debited : NRE
341. A small scale unit (manufacturing) can be treated as micro unit if the original investment in plant and
machinery does not exceed : Rs. 25 lac
342. Which of the following was formed first of all : (a) DRT (b) Lok Adalat (C) SARFAESI (d) CDR
343. An L/C is expiring on 10.05.2008. A commotion takes place in the area and bank could not open. Under
these circumstances can the LC be negotiated ? : The L/C can not be negotiated because expiry date
of LC can not be extended if banks are closed for reasons beyond their control.
344. Maximum loan for cover under CGTMSE : Rs. 200 lac
345. If there is no mention in LC regarding type of Bill of Lading that will be acceptable, then as per UCPDC,
bank will ask for : On Board Bill of Lading.
346. Which currency is having highest value among USD, Euro & GBP : GBP
347. Under Pradhan Mantri Fasal Bima Yojna, which type of risk is not covered : War & Nuclear risk.
348. NOSTRO account means : Our account with You (Account of a bank operating in India with a
banker abroad in foreign currency)
349. My uncle gave me gift of USD 20000. How much of it can be deposited in EEFC ? : Nil. It can be
placed in RFC (D) account. In EEFC account export proceeds are credited.
350. In the case of Manufacturing units, it will be considered as micro enterprise if the original investment in
plant and machinery does not exceed Rs. ______ and small if investment in plant and machinery does
not exceed : Rs. 25 lac; above Rs. 25 lac to Rs. 5 cr.
351. A letter of credit which is issued on request of the beneficiary in favour of his supplier : Back to Back
LC
352. A Foreign bill purchased has been returned unpaid. Which rate would be applied to reverse the
transaction: TT Selling rate
353. For foreign bank with less than 20 branches in India, what is the target for priority sector advances : 40%
of ANBC or Credit equivalent of Off balance sheet exposure, whichever is higher.
354. Which type of documents under LC are preferred? A. On board bill of lading B. Clean Bill of lading C.
Claused bill of lading : On Board & Clean Bill of lading
355. Foreign Exchange Transactions are settled through : (a) Nostro a/c (b) Vostro a/c (c) Loro a/c (d) all :
Nostro account
356. For Education on declaration basis, how much amount can be remitted in a financial year ? : $ 250000
within Liberalised Remittance Scheme.
357. Action under SARFAESI Act can be taken simultaneously in DRT/Suit filed cases without taking
permission from the Competent Court.
358. Objective of FEMA : to regulate forex market.
359. A manufacturing unit will be classified as medium enterprise if original investment in plant & machinery
is : more than Rs. 5 crore but up to Rs. 10 crores.
360. Housing loan in metro area up to ______ are covered under priority sector : Rs. 35 lakh
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361. An agricultural advance will be classified as NPA if : it is overdue for 2 crop seasons in case of short
duration crops and for 1 crop season in case of long duration crops.
362. Domestic Commercial Banks are required to finance at least 40% of ANBC to the priority sector. Of the
priority sector advances, how much should be given to weaker section : 10% of ANBC.
363. An NPA account will be classified directly as loss asset if the realizable value of the primary and
collateral security is : less than 10% of the outstanding balance.
364. Under SARFAESI Act 2002 the banks give notice for payment of due amount to the borrower/owner of
charged assets within ______ days, otherwise action will be initiated u/s 13 (2) of the Act : 60 days
365. An NRI can open a joint account with a resident in case of _____ accounts : NRO, NRE, FCNR.
366. Banks are required to make provision on standard assets at the rate of 0.25% on ____ & _____ accounts :
Direct agriculture and Micro & Small enterprises.
367. Guarantee Fees in case of CGF-MSE guarantee cover for loans up to Rs. 5 lakh in North East, Women or
to Micro enterprise : 1% p.a. of the outstanding amount
368. Who can open NRE account : NRI
369. Which among the Muslims, Christians, Budhists & Jains is not a minority community for priority sector :
None of these
370. Max amount of DICGC claim is Rs. 1 lac. What is amount of eligible deposit
Any amount of deposit account
371. MSE loan Rs. 160 lac. Collateral security value Rs. 40 lac. Whether eligible for CGTMSE
Yes. for remain amount.
372. PBIT 450, tax 150, depreciation 75. TL interest 75 and TL instalment 150. What is DSCR
(225+75+75) / (75+150) = 375/225= 1.67
373. Wrongful debit to a SB account due to ATM transaction to be reversed by bank within:7 working days
374. ATM owned and operated by non-bank entities: White label ATM
375. NEFT by walk-in customers, with due diligence only when amount is: Rs. 50000 or above
376. Objective of RBI's prudent exposure limits:Management of credit concentration risk
377. Max amount of loan under Stand up India scheme: Rs. 100 lac.
378. DD of Rs.________ , can be issued with purchasers name to be written: Any amount
379. DD above Rs. 20000 can be issued with _______ crossing only: Payee's account crossing
380. O/s balance in CC account is running over the limit for the last 73 days. A/c classification:SMA-2
381. Land holding in respect of small farmers:Above 1 hectare up to 2 hectare
382. PMJDY overdraft can be covered under credit guarantee given by:CGTMU & NCGTC
383. DD balance Rs. 4 lac of firm XYZ. Z expires. Y deposits Rs. 3 lac. Withdraws Rs. 1 lac. Liability of
legal heirs:Rs. 1 lac
384. Newly opened SB a/c. Large cash transaction. Customer does not provide information. What action
Report to FIU India
385. Amount of loan under PMMU-Shishu:Max Rs. 50000
386. In Stand-up India SHG, SC-ST or Women should be at least _______% of total members:51%
387. Home loan Rs. 40 lac. LTV ratio 80%. What is amount of capital funds required under Basel 3.
40 × 35% = 14 lac × 9% = Rs. 126000
388. Letter of credit got issued by buyers in favour of sellers with the objective of:
Assurance of payment against delivery of documents mentioned in LC
389. To sanction LC limit, which of the following is not relevant
Amount of raw material purchase/amount of debtors/distance between buyers/ sellers
390. Under Basel-3, CCB to be built during _____ times, for meeting loss in stress period:Normal times
391. In a company, the borrowing powers of Board of Directors are stated in: Articles of Association
392. For an MSE loan above Rs. 5 lac up to Rs. 50 lac, guarantee cover of CGTMSE is:75%, max Rs. 37.50
lac
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393. Fraud of less than Rs. 3 cr to be reported to:State CID.
394. A fraud of Rs. 1200 cr has taken place. In addition to RBI, it is to be reported to:
Joint Director (Policy) CBI HQ
395. Amount of FC notes and coins an Indian resident can take abroad: USD 3000
396. Under PMAY, max family annual income for LIG
3 lac up to 6 lac. (MIG-1 up to 12 lac and MIG-2 up to 18 lac)
397. What is short cut for Print option in MS Word: Control P
398. How are files organized in computer:Folder
399. Amount of penalty on a bank's non-functioning as an AADHAAR centre: Rs. 20000
400. Max amount of loan that can be allowed to MSEs engaged in providing services:
No limit.Need based
401. Provisions related to CRR as per:Section 42 (1) of RBI Act
402. Customer receives remittance from abroad in USD. Amount to be credited in INR using ____ rate
TT buying rate
403. What is the time limit for registration of WILL executed by a person
Does not require compulsory registration
404. As per RBI direction, up to which amount FD has to provide pre-mature withdrawal option:Rs. 15 lac
405. Ratio between Central and State govt. for subsidy funding in NRLM in NE States:90:10
406. PMSBY and PMJJBY- what is the insurance cover:Rs. 2 lac and Rs. 2 lac respectively
407. What is risk weight for home loan of Rs. 30 lac with LTV between 80% to 90%: 50%
408. Pillar-3 under Basel relates to:Market discipline
409. Indian resident returning from UK has unutilised FC. How much he can retain:Equivalent of USD 2000
410. What is time with in which defendant can file reply under Consumer Protection Act
30 days- extended period of 15 days
411. Under Banking Ombudsman scheme, complaint to Ombudsman can be made:
After complaint made to bank is not sorted out by bank to customer satisfaction.
412. Money laundering means
Conversion of illegal money into legitimate money through complex chain of transactions
413. What is capital adequacy ratio requirement for payment banks:15%
414. In the context of restructure of loans, CAP stands for:Corrective Action Plan
415. Max balance in BSBDA account: No limit
416. Unsecured credit exposure means where the security value is:10% or less
417. Appeal against decision of Ombudsman can be made to Dy. Governor RBI, by bank, within
30 days of receipt acceptance of order by customer
418. A bank which does not have physical place of working but it is operating:Shell bank
419. Call money rates are fixed as per :
Methodology suggested by Fixed Income Money Market & Derivatives Association of India
(FIMMDA)
420. Beneficial owner in respect of partnership, under KYC/ PMLA: 15% share in capital or profit
421. A loan account where one or more of early warning signal indicates element of fraud:
Red flagged accounts
422. NRO fixed deposit can be for a period of: Bank discretion ( min 7 days)
423. Under Ambedkar Subsidy Scheme for education loans for OBC/ EBC, annual family income is max:
EBC 2.5 lac. OBC 8 lac
424. Within PS, loan given to cooperative of farmers for marketing of agri produce can be up to:Rs. 5 cr
425. Review of investment portfolio should be taken by banks: Half-yearly
426. Cost of house for home loan under priority sector in place with population of 10 lac and above:
Max Rs. 45 lac
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427. Net working capital 100. Current liabilities 200. What is current ratio
CA = 200 + 100 = 300. CR 300/200 = 1.67 : 1
428. An export bill has not been paid by due date. It is reported at which platform: EDPMS
429. A manufacturing enterprise has investment in plant and machinery of Rs. 8 cr. It is
Medium Enterprise as per MSME Dev Act 2006
430. Max amount of shares of a company, a bank can hold is restricted to ___ of ___ BANK,
30% of paid up capital + reserves of bank (Sec 19 (2) B R Act)
431. What is risk weight of externally rated AA corporate term loan: 30%
432. What is amount of penalty under Section 234 E of Income Tax Act
Rs. 200 per day, for delay in submission of TDS return
433. Rate of interest on FCNR- B FD of 4 years :Max LIBOR + 3%
434. As per Basel 3, what is CAR + CCB as on 31.03.18
9% + 1.875% = 10.875% of RWA
435. Under CGFS for Education loans, what is max eligible amount for NCGTC guarantee
Rs.7.50 lac under IBA scheme
436. Aggregate exposure to capital market can be up to ___:
40% of net worth as on 31st Mar of previous year
437. What exchange rate is used for issuing FC DD from NRE account: TT selling rate
438. Registration of mortgage deed with ROA should be with in :4 months.
439. Liability of legal heirs of partners reduce if amount is deposited in OD after death of partner, due to:
Application of Rule in Clayton Case
440. What can be total group exposure in infrastructure projects: 50% of capital funds
441. Current ratio is 2:1 and quick ratio is 1:1. What is amount of current liability: 1
442. How to calculate TNW: Net worth (-) intangible assets
443. What is max amount of loan under agriculture lending against warehouse receipt: Rs.50 lac
444. LT liabilities:80. Short term liabilities:50. Total assets 200 including intangible assets 30. ToL/TNW
NW = 200 - 130 = 70. TNW = 70 - 30 = 40. TOL/TNW = 130/40 = 3.25:1
445. A women enterprise loan o/s balance is Rs.25 lac. A/c became NPA. Amount of CGTMSE cover
25 × 80% = 20 lac
446. Withdrawal in Sukanya Samridhi allowed up to 50% balance of previous FY for studies when age is
18 years.
447. As per RBI directions, the term bulk deposit in case of term deposit means:
Rs.1 cr and above
448. Provision made by banks on Standard loans is part of ____ in balance sheet of the bank
Schedule 5 - Other liabilities
449. Letter of administration is issued - when
No will. Court appoints administrator to manage property of a person.
450. Guarantors has right over all the securities in the loan with bank, in repayment of loan. It is:
Right of lien / Right of set off / Right of subrogation
451. Two independent valuation reports required when property value is ___: Rs.50 cr or above
452. Public notice under SARFAESI Act, after possession of IP - time period: 7 days
453. Borrower raised objection to possession notice. Bank to justify possession by sending reply within:15
days
454. Quantity of goods not restricted in LC. There is variation in quantity with LC. Acceptable up to:
5% plus or minus
455. Foreign exchange transactions which are prohibited are as per ____ as part of FEMA: Schedule-1
456. Request to SBI for loan against PNB Shares 40 lac, SBI share 60 lac, HDFC Bank 30 lac with 40%
margin :40+30 = 70 x 60% = Rs.42 lac (no loan against SBI shares by SBI)
16
457. Charge details filed with CERSAI on 28th day from date of document for loan of 10lac. Fee: Rs.100
458. A bill of lading issued by XYZ Shipping Lines mention defect in packing of 5 cartons. It is:
Claused bill of lading
459. FATF stands for and relates to:
Financial Action Task Force. Relates to prevention of money laundering.
460. Loan given by NRI to close resident relative. How interest will be received by NRI
Credit to NRO account
461. What is pawnee's right over goods
Pawnee (pledgee) can sell the goods by giving notice to pawnor, if loan is not repaid on due date.
462. Locker rent Rs.7400 pa. Locker breaking charges Rs.2000. Amount of FD from customer
7400X3 = 22200 + 2000 = 24200
463. Margin of safety is:Amount of sale above break-even sale
464. Who is to report the fraud for cheque collected by Bank-A and payment made by Bank-B.
For collection of cheque Bank-A to report this fraud.
465. Customer accepted Ombudsman award. Bank receives acceptance on 29.12.17. Appeal can be filed
Within one month i.e. 28.01.19
466. An Indonesian student joints a college in Mumbai and brings USD 5000. Which account can open
NRO account with copy of passport and admission letter.
467. PAT 52. Depreciation 12. Interest on TL8. TL instalment 18. Calculate interest coverage ratio
(52 + 12 + 8)/8 = 72/8 = 9
468. Capital 80, General reserves 20, Profit 30, TL 150, Trade creditors 50, Bank CC 100, Interest 24, Tax
paid 6, Fixed assets 140, Goodwill 40, Inventory 120, Receivables 100.
469. Calculate current ratio
(100 + 120) / (50 + 100) = 220/150 = 1.47 : 1
470. 3Debt equity ratio
150 / (80 + 20 + 30 – 6 – 40) = 150/64 = 2.34 : 1
471. Quick Ratio =100/150 = 0.67 : 1
472. TOL/TNW=(150 + 50 + 100)/64 = 4.69 : 1
473. Return on equity ratio: 30.6/64 = 24/64 = 37.5%
474. Net profit 40, depreciation 10, TL interest 10, DSCR 2. What is amount of TL instalment
(40 + 10 + 10) / (10 + ) = 60/2 = 30 – 10 = 20
475. RBI's tight and dear money policy is called: Contractionary policy
476. Loan given for a tissue culture project can be included in
Agri-infrastructure in priority sector
477. Customer account information is generally not disclosed as part of: Contractual obligation
478. Working hours of inter-bank forex market in India: 9 am to 5 pm
479. Rate of interest and period of NRE term deposits
ROI-Bank discretion and period min. 1 year max. bank discretion
480. Maturity period of FCNR-Recurring deposit
Not permitted (only FD allowed Maturity 1 year to 5 years)
481. RBI's tight and dear money policy is called: Contractionary policy
482. Working hours of inter-bank forex market in India:9 am to 5 pm
483. Rate of interest and period of NRE term deposits
ROI-Bank discretion and period min 1 year max. bank discretion
484. Rate of interest on FCNR-B FDR of 2 years:Max. LIBOR + 2%
485. Normal transit period in case of export bills covers what period and it is
Date of purchase to date of realization 25 days. Fixed by FEDAI
486. DF-3 loan, O/s 20 lac. Collateral value 10 lac. CGTMSE 75%. What provision
17
 CGTMSE cover = 20.10 = 10 × 75% = 7.50 lac. 100% provision on balance amount = 20 – 7.50 =
12.50.
487. A willful defaulter (for 4 years) of Bank-B approaches Bank-C to finance his new project.
Not allowed for 5 years.
488. Under SARFAESI Act, which day is deemed to be symbolic possession
After expiry of 60 days' notice period.
489. Crop damage 39%. Crop loan can be converted into medium term loan for : 2 years
490. What is rate of capital subsidy for women enterprise under agri-clinic and agri-business centres
44% of project cost
491. What is the max. amount to be categorised as micro credit: Rs. 50,000
492. Education loan of Rs. 6 lac for education abroad. What is amount of margin:6 × 15% = 90000
493. What is target for loans to women under NULM: 30%
494. Bank-B created revaluation reserve of Rs. 2000 cr. What will increase and by how much amount
Tier-1 capital will increase by 2000 × 45% = 900 cr.
495. Type of transactions under National Automated Clearing House (NACH)
Interbank, high volume electronic transactions which are repetitive and periodic in nature.
496. An incomplete instrument (inchoate) cannot be paid as per provisions of Sec ____ NI Act
Section 20
497. What is penalty for incorrect details of PAN:Rs. 10000
498. Suspicious transaction report is to be sent to ___ within ___:FIU India. 7 working days
499. NW 15, term loans 35, NWC 12. Calculate fixed assets: 15 + 35 – 12 = 38
500. For mental agony the customer has undergone, what is compensation by Ombudsman: Rs. 1 lac
501. Exposure limit for loan for infrastructure project
20% of capital funds of the bank
502. Financial literacy day is observed by RBI on:5th Jun (normally 5 to 9 June)
503. In NRLM, eligibility for loan on the basis of period of existence of SHG
For revolving fund at least 3 months and for normal loan at least 6 months (as per books of a/c).
504. What is the time period for which CC limit is sanctioned to SHG under NRLM
For 5 years
505. Truncated cheque is defined under provisions of Sec _____ Act: Section 6
506. In case of non-compliance of KYC requirement by customer, partial freezing to be done after
3 M – 3 M notice
507. A/c standard on 31.3.18. Sub-standard on 31.03.19. Interest debited 2 lac during FY 2018-19.
Interest debited can be taken to income/interest cannot be taken to income if not recovered
508. What is limitation period in case of bank guarantee, when restricted to 1 year by bank
3 years from date of cause of action.
509. NWC 100 and current ratio 1.5 : 1. What is amount of current assets and current liabilities
CA-CL = NWC = 1.5-1 = 0.5. CA = 1.5/0.5 × 100 = 300. CL = 1/0.5 × 100 = 200
510. Debtors 200. Annual credit sales 1200. Debtors' collection period :200 × 12 / 1200 = 2 months
511. Premium for Kharif crop in PMFBY:2%
512. Large exposure ceiling for a group, as part of Large Exposure Framework
25% of capital base (Tier-1 capital)
513. In priority sector lending, which of the following is not a segment of agriculture lending
Farm credit/indirect agriculture lending/agri-infrastructure
514. Amount of consumption loan under relief measure for crop damage
Rs. 10,000, which may be enhanced at bank discretion.
515. EEFC joint account can be opened with ____, as ____
Close resident relative, as F/S account
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516. Deferred payment guarantee is:Financial guarantee
517. What is min. denomination of commercial paper:Rs. 5 lac
518. In LC, the term 'beginning of month' means
1st to 10 day, as per UCP 600
519. Unclaimed deposit is a deposit where there is :
No customer initiated operation for 10 years or more / No operation for 10 years or more
520. What is age criteria to participate in PMSBY and PMJJBY
18-70 years and 18-50 years respectively
521. What is min and max premium contribution in Atal Pension Yojna
Min 20 years and max 42 years
522. Debt Recovery Tribunal entertain cases under :RDDB Act
523. What is annual increase in KCC limit:10% over previous year limit.
524. In the context of bill of exchange, what is meant by noting.
A legally accepted process, to get the facts of dishonour of bill of exchange from Notary Public.
525. What is banker customer relationship when a current account is overdrawn
Bank, Creditor and customer, debtor
526. Type of charge create when overdraft is allowed against life insurance policy:Assignment
527. A right without obligation, which can be used at a pre-fixed future date and predetermined price:Option
528. Max joining age in NPS: 65 years
529. Firm-A. Partners RST. Firm-B. Partners RST. Firm A has OD. Firm B has CA balance. If right of set off
Firm A and B to be treated one firm. Right of set off available.
530. For delay in credit of NEFT, what is penalty
Interest payable at Repo rate + 2% p.a.
531. Limitation period in case of mortgage: 12 years from due date
532. Flash report of fraud to be sent to RBI on FMR-1 within: 7 days
533. SLR provisions are as per: Section 24 of BR Act.
534. Account of customer transferred to other branch. Proof of new address to be provided within:
Max 6 months
535. Testament account means:Where customer has left will
536. Cheque belonging to X, collected by bank for account of another X. It is called :Conversion
537. Account holder Z defrauded bank. Account opened 8 years back on introduction of B. B's liability
Introducer not liable.``4
538. Garnishee order is applicable when banker-customer relationship is that of:
Debtor and creditor
539. Quick ratio 1.5 : 1. CA 100000. CL 50000. What is amount of inventory.
CL = 50000. Hence QA = 75000, Inventory = 100000 – 75000 = 25000
540. In FC, the spot transaction is settled within :T + 2 working days.
541. In a bill of exchange nothing is stated if demand bill or usance bill. It is treated:Demand bill
542. What is limitation period in case of demand loan: 3 years from date of demand
543. A person is treated missing person, when missing for ______ and which Act:
At least 7 years (Indian Evidence Act)
544. If there is no customer initiated operation for _____ account to be classified as inoperative : 2 years
545. Age of senior citizen to whom banking services can be offered at door step
70 years or above (RBI Nov. 2017)
546. Interest subvention in education loans is available for how much period: Period of moratorium
547. In a usance bill of exchange, liability of drawer is :
Primary before acceptance by drawee and secondary after acceptance
548. If CC sanctioned limit is not renewed within _____ months from date of sanction, it will be NPA.
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 > 18 months
549. What is risk weight for Basel-3 purpose for a loan guaranteed by State Govt.:20%
550. A is abroad for 8 months tour. B is abroad to stay indefinitely. Not in India > 182 days in prev. FY
A is resident and B is NRI
551. A customer has to transfer Rs. 1.50 lac to account of C in other bank. It can be through
RTGS/NEFT/Any of these
552. Financial limit for cases to be handled by Distt. Forum under Consumer Protection Act
Up to Rs. 20 lac
553. Funds flow statement is obtained by bank from borrower to study
How the funds have been raised and how these have been used (sources and uses)
554. Small enterprise o/s loan Rs. 180 lac in default. What is guarantee cover available from CGTMSE
180 × 75% = 135 lac
555. Missing persons means Claim related to payment from person a/c to be settled on basis of ____.
Reported to be missing for 7 years. Settlement on basis of court's presumption of death certificate.
556. OD running irregular. Customer has SB account. Bank can adjust the loan by using:
Right of set-off
557. What is amount of penalty if counterfeit notes are detected in soiled notes remittance by RBI
100% of amount of such notes
558. In a fully secured Standard loan, if RVS is below ____, due to damage to security, it is loss account
10% of o/s balance
559. If loan is adjusted, loan security documents are to be returned to borrower within: 2 weeks
560. In the context of FC transaction, balance of payment broadly mean
Net result of all current a/c and capital account transactions. It can be surplus or deficit
561. What are main objectives of FEMA 1999
Facilitate external trade. Better management and development of forex markets.
562. Full form of FSDC.
Financial Stability and Development Council.
563. Under lead bank scheme, DCC meeting is to take place on _____ basis: Quarterly
564. Card swipe machines remotely connect to CBS system of a bank are called:Micro ATMs
565. Nodal agency for implementation of PM Employment Generation Program
KVIC under Ministry of MSME, Govt. of India
566. Current limit of gratuity payment:Max Rs. 20 lac

20
 1. Interim Budget 2019-20
Interim Budget 2019-20 was presented in Parliament today by the Union Minister for Finance, Corporate
Affairs, Railways & Coal, Shri Piyush Goyal. Besides having a major Scheme for the farmers, it provides tax
sops and sets the Developmental Agenda for the years to come.
A New Deal for 12 Crore Small and Marginal farmers with direct income support, a path breaking

Pension initiative for 10 Crore unorganized sector workers, exempting income up to Rs 5 lakhs from Income
Tax, reforms in stamp duty, highest ever budgetary allocation of Rs 3 lakh crore for Defence, record
allocation of funds at Rs 58,166 crore for North Eastern Areas, a new AIIMS for Haryana, single window
clearance for Indian film makers at par with foreigners and higher budgetary allocations for Education,
Health, Infrastructure and for the welfare of weaker sections including Scheduled Castes and Scheduled
Tribes, a Separate Department of Fisheries for welfare of 1.5 crore fisherman are some of the major highlights
of the Interim Budget 2019-20.

Interim Budget 2019 Highlights

 Current Fiscal Accounts to be contained to 2.5%.
 Fiscal deficit has been brought down to 3.4% in FY19.
 Rs 60,000 crore allocated for MGNREGA under PM gram sadak yojana for a year.
 Rs 19,000 crore allocated for rural roads under Gram Sadak Yojana.
 PM Kisaan Samman Nidhi announced at Rs 75,000 crore.
 Farmers owing 2 hectares land will get Rs6,000 per year.
 Ayushman Bharat has treated 1 million people so far.
 22nd AIIMS to come up soon.
 Gokul Scheme allocation increased to Rs 750 crore.
 Decided to set up 'Rashtriya Kamdhenu Aayog' for implementation of policies and schemes for welfare
of
cows.
 For workers and labourers, a new pension scheme will come up to ensure an increase in centre's
contribution by four percent. The pension has been increased from Rs 3,500 to Rs 7,000. Gratuity
payment limit has been increased from 10 lakh to 20 lakh.
 2%- 5 % Interest subvention of farmers struck by natural calamities.
 For workers who receive grievous injuries, they will now get Rs 6 lakh from Rs 2.5 lakh through EPFO.
 Rastriya Kamdhenu Aayog to be set up.
 NITI Aayog to set up a committee to identify Nomadic and semi nomadic communities .
 Govt launches mega pension scheme for social security coverage of unorganised labour. Unorganised
labour to get Rs3,000 per month after age of 60 under mega pension scheme.
 Pradhanmantri Shramyogi Mandhan yogna to be launched for poor people with 500cr INR.
 Pradhan Mantri Shram Yogi Mandhan launched to provide assured monthly pension of 3000 rupees per
month, with contribution of 100 rupees per month, for workers in unorganized sector after 60 years of
age.
 Government will set up a national centre for artificial intelligence to look into AI programmes.
 8 crore free LPG connections under the Ujjwala Yojana has been distributed.
 Loans worth Rs 7.23 lakh cr have been given under Mudra Yojana.
 Govt projects to source 25% material from SMEs, 3% from only women-owned SMEs
 Defence budget increases to over Rs 3 lakh crore. Additional funds for defence will be provide if needed

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  Rs 64,587 crore allocated to Railways for FY20.
 1 lakh digital villages to be set up soon
 Railway operating ratio is 96.2 % in FY19 Vs 95% in FY 18
 Allocation for north eastern states increases to 21%.
 Direct tax collection at 12 lakh Cr INR in FY19 from 6.30 INR Lakh Cr in 2014.
 Average monthly tax collection in current year under GST is Rs 97,000 crore per month.
 Anti-black money measures have brought undisclosed income of Rs 1.3 lakh crore back in circulation
 Allocation for the north eastern region has been proposed to be increased to Rs 58,166 crore
 Businesses with less than Rs. 5 crore annual turnover, comprising over 90% of GST payers, will be
allowed to return quarterly returns
 All income tax returns will now be processed in 24 hours and refunds issued simultaneously. Within next
2 years, returns chosen for scrutiny will also be done digitally with anonymity.
 FY 22 fiscal deficit target 3 %.
 18% increase in direct tax collections in 2017-18, 1.06 crore people included in the tax base.
 Fiscal deficit pegged at 3.4% of GDP for FY20
 Capital expenditure for FY20 is Rs 3.36 lakh crore
 FY20 total expenditure seen at Rs. 27.84 trillion.
 Fiscal deficit target as a proportion of GDP - 3.4% for the coming year
 Rs 56,619 crore made in budget estimate 2018-19 for welfare of SCs and STs, increased to Rs 62,474
crore in revised estimate 2018-19 has been further increased to Rs 76,800 crore in budget estimate
2019-20

Highlights of Rural Outreach:

 Govt to allocate Rs 75,000 crore per year to support farmers' incomes
 Impact of Rs 20,000 crore in current fiscal year
 Vulnerable farmers to receive Rs 6,000 per year in three equal instalments
 Government to allocate Rs 60,000 crore for UPA’s flagship MNREGA in 2019/20
 Allocation of Rs 19,000 crore for construction of rural roads in 2019-20

For farmers:
➢ New Scheme- namely “Pradhan Mantri KIsan SAmman Nidhi (PM-KISAN)” to extend direct income support
at the rate of Rs.6,000 per year to farmer families, having cultivable land upto 2 hectares is announced.
➢ Rs 6,000 per year assured income support for small and marginal farmers
➢ Farmers having up to 2 hectare of lands will get Rs 6,000 per year in three equal instalment. The scheme will
be effective from December 1, 2018.
➢ Interest subvention for farm loan takers: Farmers affected by natural calamities to get 2% interest subvention
and additional 3% interest subvention upon timely repayment 2% interest subvention to farmers who pursue
animal husbandry, fisheries jobs through Kisaan credit cards

Income Tax reliefs:

 No tax for those whose taxable income is less than Rs 5 lakh
 Standard deduction increased to Rs 50,000 from Rs 40,000 for salaried class
 Direct tax collection at 12 lakh Cr INR in FY19 from 6.30 INR Lakh Cr in 2014.
 TDS threshold on rental income raised from Rs 1,80,000 to Rs 2,40,000
 No tax on bank interest upto INR 40,000
 INR 90,000 crore disinvestment target for next FY.
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Tax exemptions on investments:
 Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make
investments in provident funds and prescribed equities
 TDS threshold for home rent increased from Rs 1.8 lakh to 2.4 lakh
 Interest income up to Rs 40,000 in post offices and banks made tax free
 Capital gains tax exemptions under Section 54 to be available up to Rs 2 crore. Capital gains exemption
to be available on 2 house properties
 Income tax relief on notional rent from unsold houses extended to 2 years from 1 year.

Defence Budget:
 Govt increases defence budget to over Rs 3 lakh crore. Govt will provide additional funds for Defence, if
needed.
 Disbursed 35,000 crore rupees under #OROP scheme in the last few years.

Railways Budget:
➢ Rs 64,587 crore allocated to Railways for FY20.
➢ Railway's operating ratio seen 96.2% in FY19 Vs 95% FY20.
➢ Railway capex for FY20 set at record Rs 1.6 lakh crore.

For workers:
➢ Rs 3,000 per year pension for unorganised sector workers
➢ New Pradhan Mantri Shram Yogi Maandhan Yojana for unorganised sector workers with income up to Rs
15,000 per month. Beneficiaries will get Rs 3,000 per month pension with a contribution of Rs 100 per month
after retirement. Govt allocates Rs 500 crore for the scheme
➢ Gratuity limit increased for workers to Rs 30 lakh.

Education Sector:
➢ National Education Mission allocation increased by about 20% to Rs. 38,572 cror in BE 2019-20
➢ 25% additional seats in educational institutions to meet the 10% reservation for the poor
➢ 10% reservation for the poor in educational institutions and government jobs
➢ EWS Reservation To ensure 10% reservation in educational institutions and Government jobs for
economically weaker sections, the Government will provide for 25% extra seats i.e. around 2 lacs, while
maintaining the existing reservation for SC/ST/Other Backward Classes.

Fiscal Deficit:
➢ For FY19, government has revised the fiscal deficit target to 3.4 percent in FY 19. Fiscal deficit for 2019/20
estimated at 3.4 percent of GDP.
➢ Government's stated commitment earlier was to bring down the fiscal deficit to 3.1 percent of GDP by the end
of March 2020, and to 3 percent by March 2021

Nine priority sectors for government: To build next-gen infrastructure - physical as well as social;
1. To build a Digital India that reaches every citizen;
2. Clean and Green India;
3. Expanding rural industrialization using modern industrial technologies;
4. Clean Rivers - with safe drinking water to all Indians;

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5. Oceans and coastlines;
6. India becoming launchpad of the world;
7. Self-sufficiency in food and improving agricultural productivity with emphasis on organic food;
8. Healthy India;
9. Minimum Government MaximumGovernance, with proactive, responsible and friendly bureaucracy.

Miscellaneous Highlights:
➢ Growth in the last 5 years has been higher than that by any other govt. Spent Rs 2.6 lakh crore in recap of
PSU Banks.
➢ Domestic air traffic doubled in the last 5 years
➢ Over 90 percent of the country covered under sanitation coverage.
➢ In the past, false promises were made but we have taken targeted expenditure on all dimensions
➢ Ayushman Bharat, the world's largest healthcare programme, was launched to provide medical care to almost
50 crore people, resulting in Rs 3,000 crore savings by poor families
➢ Lower costs of Stents & Knee implants have benefitted people. Government has announced 14 new AIIMS
since 2014
➢ Loans worth Rs 7.23 lakh crore have been given under Mudra Yojana
➢ Monthly mobile data consumption has increased 50x in last 5 years; cost of data & voice calls in India is
possible the lowest in the world.
➢ Allocation for the north eastern region has been proposed to be increased to Rs.58,166 crore

Interim Budget:
An interim Budget is a complete set of accounts, including both expenditure and receipts. But it may not contain
big policy proposals. As per the convention, the government does not introduce any new service, nor does it
bring Finance Bill or present the Economic Survey in an Interim Budget.
Note: The incoming government has the freedom to change the estimates in the Interim Budget when it presents
the final budget after taking office.

Full Budget:
The Union government's Annual Financial Statement or the Statement of the Estimated Receipts and Expenditure
for each financial year is popularly known as the Budget. Through Budget, the government prioritises its total
spending, categorised under two broad heads: plan and non-plan.

Budget is the popular name for the ‘annual financial statement’ that has been dealt with in Article 112 of
the Constitution. In the Budget, fresh taxes may be imposed, old ones may go. Direct taxes like income tax and
indirect taxes are both open to change (A vote-on-account presents an estimate of expenditures to be sanctioned
by the exchequer till the Budget is passed.) Overall, the budget contains the following:
1. Estimates of revenue and capital receipts;
2. Ways and means to raise the revenue;
3. Estimates of expenditure;
4. Details of the actual receipts and expenditure of the closing financial year and the reasons for any deficit or
surplus in that year; and
5. Economic and financial policy of the coming year, that is, taxation proposals, prospects of revenue, spending
programme and introduction of new schemes/projects.
Note: Under Article 112 of the Constitution, the budget, which is presented by means of the Financial Bill and
Appropriation Bill, has to be passed by the House before it can come into effect on April 1,the start of financial
year.

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