UPDATED QUESTIONS – PROMOTIONAL EXAM 2018

1 As per Reserve Bank, banks are advised to provide minimum 3

_______ cheque leaves every year free of charge in savings
account 1] 15 2] 20 3] 25 4] 30
2 The Cheque Book facility – 5
1] is to be provided whenever a request is received through a
requisition slip, which is a part of the cheque book issued earlier
2] is to be issued on requisition by any other mode as per
bank‟s laid down policy
3] may be issued without insisting on the physical presence of
any customer including senior citizens and differently abled
persons
4] may be issued in Basic Savings Bank Deposit Account
(BSBDA) which will not render the account to be classified as
non-BSBDA 5] 1 to 4
3 RBI has decided that the banks should make it mandatory for 2
existing large corporate borrowers having total exposure of
________ and above to obtain Legal Entity Identifier (LEI) or
granting renewal / enhancement of credit facilities –
1] Rs. 25 crore 2] Rs.50 crore 3] Rs.75 crore 4] Rs. 100 crore
4 __________, a subsidiary of Clearing Corporation of India Ltd. 1
(CCIL), has been recognized by the RBI as issuer of LEI (Legal
Entity Identifier) in India and is accredited by the Global Legal
Entity Identifier Foundation (GLEIF) as the Local Operating Unit
(LOU) for issuance and management of LEI
1] Legal Entity Identifier India Ltd. [LEIL]
2] Ministry of Finance
3] Securities and Exchange Board of India (SEBI) 4] SIDBI
5 Legal Entity Identifier (LEI) is a ____ unique code to identify 4
parties to financial transactions world wide
1] 10 digit 2] 12 digit 3] 15 digit 4] 20 digit
6 RBI sends messages through _________ via SMS‟s cautioning 3
the public against falling prey to unsolicited and fictitious offers
received through SMS, email, phone & also the recourse
available upon receiving the same –
1] RBICHECK 2] RBICARE 3] RBISAY 4] RBISPEAK
5] RBICAUTIONS
7 Banks should realign their cash management such that the cash 2
receipts in the denomination of ______ and above are not put
into recirculation whether over the counter, feeding the ATMs or
remitting to issue offices of RBI, without the notes being machine
processed for authenticity.
1] Rs.50 2] Rs.100 3] Rs.200 4] Rs.500
8 What is SCORES? 1
1] A web based centralized grievance redress system of SEBI
2] A web based centralized grievance redress system of NBFCs
3] A web based centralized grievance redress system of Housing
Finance Company
4] A web based centralized grievance redress system of Forward
Market Commission

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 9 What types of complaints can be registered in SCORES portal? 6
1] Listed companies / registrar and transfer agents
2] Brokers / stock exchanges 3] Mutual funds
4] Depository Participants 5] Only 1 & 2 6] 1 to 4
10 What type of complaints cannot be registered in SCORE portal? 6
1] Deposits with Banks and NBFCs
2] Fixed Deposit with unlisted companies
3] Pension Fund 4] Housing Finance Companies
5] 1 and 2 6] 1 to 4
11 Electoral Bonds Scheme was announced in Union Budget 2017 1
with an aim for increasing transparency in political funding. The
bonds will issued in the denomination of
1] Rs.1000/-, Rs.10,000/-, Rs. 1 Lakh, Rs.10 Lakh, Rs. 1 Crore
2] Rs.1 Lakh, Rs. 2 Lakh, Rs.3 Lakh, Rs. 5 Lakh, Rs.10 Lakh
3] Rs. 5 Lakh, Rs. 10 Lakh, Rs. 15 Lakh, Rs. 20 Lakh, Rs.25 Lakh
4] Rs. 25 Lakh, Rs. 50 Lakh, Rs.75 Lakh, Rs. 1 Crore
12 As per RBI, wef FY 2018-19, foreign banks with 20 branches and 2
above, have to maintain the sub target of _____ Percent of
Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of
Off-Balance Sheet Exposure (CEOBE), whichever is higher for
lending to Small and Marginal Farmers
1] 7 2] 8 3] 9 4] 10
13 As per RBI, wef FY 2018-19, foreign banks with 20 branches and 2
above, have to maintain the sub target of _____ Percent of
Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of
Off-Balance Sheet Exposure (CEOBE), whichever is higher for
lending to Micro Enterprises
1] 7 2] 7.5 3] 8 4] 8.5 5] 9 6] 10
14 With a view to providing customers of Non-Banking Finance 1
Companies (NBFCs) with a cost free and expeditious grievance
redress mechanism, RBI has decided to introduce an
Ombudsman Scheme for NBFCs and those with customer
interface having asset-size of Rupees ____________.
1] One Billion and above 2] Two Billion and above
3] Three Billion and above 4] Five Billion and above
15 The Ombudsman for NBFCs shall not have the power to pass an 1
Award directing payment of an amount which is more than the
actual loss suffered by the complainant as a direct of omission or
commission of the NBFC, or ________rupees whichever is lower-
1] One Million 2] Two Million 3] Three Million 4] Four Miilion
16 The Ombudsman may award compensation not exceeding Rs. 1
_____________ rupees to the complainant taking into account
the loss of time, expenses incurred, harassment and mental
anguish suffered by the complainant
1] 100000 2] 200000 3] 300000 4] 400000 5] 500000
17 In view of the increasing importance of the Services sector in the 2
economy, RBI has decided to remove the currently applicable
loan limits of Rs. ______ crore and Rs. _____ crore per borrower
to Micro/Small and Medium Enterprises (Services) respectively,
for classification under Priority Sector –
1] 2.5, 5 2] 5, 10 3] 10, 25 4] 10, 50

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 18 Govt. of India has issued _______% Savings (Taxable) Bonds, 3
2018 with effect from January 10, 2018 –
1] 7% 2] 7.50% 3] 7.75% 4] 8%
19 The New Govt. Bonds will be issued in „Cumulative‟ or „Non- 1
Cumulative‟ form at par i.e. Rs._______
1] Rs. 100/- 2] Rs. 1000/- 3] Rs. 5000/- 4] Rs.10000/-
20 The Bonds will be issued for a minimum amount of Rs. ______ 2
(face value) and multiples thereof –
1] Rs.100/- 2] Rs. 1000/- 3] Rs.5000/- 4] Rs.10000/-
21 The Bonds shall be repayable on the expiration of ______ years 3
from the date of issue –
1] 3 years 2] 5 years 3] 7 years 4] 10 years
22 The holder/s of Savings Taxable Bonds can nominate _____ who 2
would be entitled to the Bonds & payment thereon in the event
of the death of the sole / joint holder –
1] One Person 2] One or more persons 3] 2 Persons
4] 3 Persons
23 __________________ are eligible to issue Commercial Papers 4
subject to the condition that any fund based facility availed from
any Bank and/or financial institution is classified as STANDARD
asset by all banks/financial institution at the time of issue
1] Companies 2] Non-Banking Finance Companies 3] All India
Financial Institutions 4] All the above 5] 1 and 3
24 Other entities like cooperative societies / unions, Govt. entities, 1
trusts, LLP and any other body corporate having presence in
India with a net worth of Rs.____ crore or higher are eligible to
issue Commercial Paper subject to the condition that any fund
based facility availed from any Bank and/or financial institution is
classified as STANDARD asset by all banks/financial institution at
the time of issue
1] 50 2] 100 3] 200 4] 300 5] 400 6] 500
25 Who can invest in Commercial Paper – 5
1] Resident 2] Non Resident 3 ] Related party of CP issuer
4] All of the above 5] 1 & 2 6] 1 and 3
26 A commercial paper shall be issued in the form of a promissory 2
note held in dematerialized form in a minimum denomination of
Rs. __________________ and multiples thereof
1] 1 Lakh 2] 5 Lakh 3] 10 Lakh 4] 15 Lakh 5] 50 Lakh
27 Eligible issuers whose total Commercial Paper issuance during a 2
calendar year is Rs._______ crore or more shall obtain credit
rating for issuance of CPs
1] 500 2] 1000 3] 1500 4] 2000
28 The minimum credit rating for a CP shall be _____ as per the 3
rating symbol and definition prescribed by SEBI –
1] A1 2] A2 3] A3 4] A+ 5] A++
29 An instrument for borrowing funds by selling securities with an 1
agreement to repurchase the securities on a mutually agreed
future date at an agreed price which includes interest for the
funds borrowed is –
1] Repo 2] Reverse Repo 3] Tri-Party Repo
4] Marginal Standing Facility

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 30 An instrument for lending funds by purchasing securities with an 2
agreement to resell the securities on a mutually agreed future
date at an agreed price which includes interest for the funds lent
is - 1] Repo 2] Reverse Repo 3] Tri-Party Repo
4] Marginal Standing Facility
31 A contract where a third entity (apart from the borrower and 3
lender), acts as an intermediary between the two parties to the
repo to facilitate services like collateral selection, payment and
settlement, custody and management during the life of the
transaction – 1] 1] Repo 2] Reverse Repo 3] Tri-Party Repo
4] Marginal Standing Facility
32 The tri-party agent under a Tri-party Repo should have a 1
minimum paid up equity share capital of Rs.___ crore which
should be maintained at all times - 1] 25 2] 40 3] 50 4] 100
33 The tri-party agent under a Tri-party Repo should have past 5
experience of atleast _____ years in the financial sector, in India
or abroad, preferably in custody, clearing or settlement services
1] 1 2] 2 3] 3 4] 4 5] 5
34 For ascertaining the investment in plant and machinery for 4
classification of an enterprise as Micro, Small and Medium, the
following documents could be relied upon –
1] A copy of the invoice of the purchase of plant and machinery
2] Gross Block for investment in plant and machinery as shown
in the audited accounts 3] A certificate issued by a Chartered
Accountant regarding purchase price of plant and machinery
4] Any one of the above 5] All of the above
35 As a countercyclical measure, for individual housing loans 2
sanctioned on or after 7th June, 2017 for outstanding upto Rs. 30
Lakh with LTV <= 80%, Risk weight shall be –
1] 25% 2] 35% 3] 50% 4] 55%
36 As a countercyclical measure, for individual housing loans 3
sanctioned on or after 7th June, 2017 for outstanding upto Rs. 30
Lakh with LTV > 80% and <=90%, Risk weight shall be –
1] 25% 2] 35% 3] 50% 4] 55%
37 As a countercyclical measure, for individual housing loans 2
sanctioned on or after 7th June, 2017 for outstanding above Rs.
30 Lakh and upto Rs.75 Lakh with LTV <= 80%, Risk weight
shall be – 1] 25% 2] 35% 3] 50% 4] 55%
38 As a countercyclical measure, for individual housing loans 3
sanctioned on or after 7th June, 2017 for outstanding above
Rs.75 Lakh with LTV <= 75%, Risk weight shall be –
1] 25% 2] 35% 3] 50% 4] 55%
39 Masala bonds are – 1
1] Bonds issued outside India but denominated in Indian Rupees,
rather than the local currency
2] Bonds issued in India and denominated in designated foreign
currency rather than Indian Rupees
3] Bonds issued outside India and denominated in the local
currency of the place of issue
4] Bonds issued outside India and denominated in any foreign
currency other than Indian Rupees

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 40 The minimum maturity period for Masala Bonds raised upto USD 3
50 million equivalent in INR per financial year should be ____
years and for bonds raised above USD 50 million equivalent in
INR per financial year should be ______ years.
1] 1, 2 2] 1, 3 3] 3, 5 4] 3, 7
41 A “Banking Outlet” for a Domestic Scheduled Commercial Bank, a 2
Small Finance Bank and a Payment Bank where services of
acceptance of deposits, encashment of cheques/cash withdrawal
or lending of money are provided for a minimum of ______
hours per day for atleast ______ days a week-
1] 5, 4 2] 4, 5 3] 3, 3 4] 3, 4
42 A banking outlet which does not provide delivery of service for a 2
minimum of _____ hours per day and for atleast _____ days a
week will be considered as “Part-time Banking Outlet”
1] 5, 4 2] 4, 5 3] 3, 3 4] 3, 4
43 A __________ is a rural (Tier 5 and 6) centre that does not have 1
a CBS enabled Banking Outlet of a Scheduled Commercial Bank,
a Small Finance Bank, a Payment Bank or a Regional Rural Bank
nor a branch of Local Area Bank or licensed Cooperative Bank for
carrying out customer based banking transaction
1] Unbanked Rural Centre 2] Uncovered Rural Centre
3] Undeveloped Rural Centre 4] Potential Rural Centre
44 Extension Counters, Satellite Offices, Part-shifted Branches, Ultra 5
Small Branches and Specialised Branches, subject to their
satisfying the conditions,
1] shall be treated as independent „Banking Outlets‟ or „Part-time
Banking Outlets‟
2] shall be treated as „Part-time Banking Outlets‟
3] shall not be treated as independent „Banking Outlets‟ or „Part-
time Banking Outlets‟
4] shall be treated as a Full-fledged Bank 5] 1 or 2
45 ATMs, E- lobbies, Bunch Note Acceptor Machines (BNAM), Cash 2
Deposit Machines (CDM), E- Kiosks and Mobile Branches will not
be treated as __________
1] will be treated as Banking Outlets
2] will not be treated as Banking Outlets
3] will be treated as Part-time Banking Outlets 4] 1 or 3
46 Atleast _______ % should of total number of „Banking Outlets‟ 4
opened during a financial year should be opened in unbanked
rural centres –
1] 10% 2] 15% 3] 20% 4] 25% 5] 50%
47 The distance between the place of business of a retail outlet / 3
subagent of BC and the base branch should ordinarily not exceed
______ kms in rural, semi-urban and urban areas and ___ kms
in metropolitan centres – 1] 15, 3 2] 25, 4 3] 30, 5 4] 35, 6
48 With effect from April 2017, reporting of SLR-Form VIII is to be 2
done on _______ platform –
1] PCRPCD (Rural Planning Credit Dept.)
2]XBRL (Extensible Business Reporting Language)
3] ORFS (Online Return Filing System)
4] 1 or 2 or 3 5] 2 or 3

Updated Questions – Promotional Exams 2018 Page 5

 49 ____ additional settlements in the NEFT system at half-hour 3
intervals has been introduced wef 10th July 2017 to enhance the
efficiency of the system and add to the customer convenience –
1] 9 2] 10 3] 11 4] 12
50 After the introduction of additional settlements, the total number 5
of half hourly settlement batches during the day in NEFT system
will be-
1] 19 2] 20 3] 21 4] 22 5] 23 6] 24
51 The starting and closing Batch after the introduction of additional 4
settlement in the NEFT system will be –
1] 6.30 am, 8.30 pm 2] 7.00 am, 8.00 pm
3] 7.30 am, 7.30 pm 4] 8.00 am, 7.00 pm
52 The return discipline in the NEFT system after the introduction of 4
additional system will be – (B=Settlement Batch Time)
1] B + ½ hour 2] B + 1 hour 3] B + 1½ hours 4] B + 2 hours
53 Keeping in view the greater role envisaged for Asset 6
Reconstruction Companies in resolving stressed assets as also
the recent regulatory changes governing sale of stressed assets
by banks to ARCs, it has been decided to fix the minimum Net
Owned Fund requirement for ARCs at Rs. _____ crore on an on-
going basis with effect 28th April, 2017.
1] 2 3] 20 4] 50 5] 75 6] 100
54 What is the full form of RERA? 2
1] Real Estate Regulation Act
2] Real Estate Regulation and Development Act
3] Real Estate Reform Act
4] Regulation of Real Estate Reform Act
55 Projects which are exempt from the ambit of RERA act? 4
1] where the area of land proposed to be developed does not
exceed five hundred square meters or the number of apartments
proposed to be developed does not exceed eight, inclusive of all
phases
2] where the promoter has received completion certificate for a
real estate project prior to commencement of this Act;
3] for the purpose of renovation or repair or re-development
which does not involve marketing, advertising selling or new
allotment of any apartment, plot or building, as the case may
be, under the real estate project
4] All of the above
5] None of the above
56 Under RERA, the promoter shall maintain a „separate account‟ for 3
every project undertaken by him wherein ______ percent of the
money received from the allottees shall be deposited for the
purposes of construction and land cost. The account has to be
self-maintained and is not an escrow account requiring the
approval of the Authority for withdrawal.
1] 50 2] 60 3] 70 4] 75
57 Under RERA, the promoter is required to withdraw the amounts 2
from the separate account, to cover the cost of the project, in
_______ percentage
1] in proportion to the percentage of completion of the project

Updated Questions – Promotional Exams 2018 Page 6

 2] in proportion to the percentage of completion of the project
after it is certified by an engineer, an architect and a chartered
accountant in practice
3] in proportion to the sanction received from the Regulatory
Authority
4] Any amount as requested by the promoter.
58 Under RERA, the promoter cannot accept a sum more than 2
_____ percent of the apartment / plot cost as an advance
payment / application fees
1] 5 2] 10 3] 15 4] 20 5] 25
59 As per section 59, under RERA Act, it is obligatory for the 2
promoter to register a project with the Authority, and if the
promoter fails to do the same, he shall be liable to a penalty upto
______ percent of the estimated cost of the real estate project.
1] 5 2] 10 3] 15 4] 20 5] 25
60 In case the promoter consistently defaults or does not comply 2
with the directions / orders of the Authority as regards
registration of the project with the Authority under RERA, he
shall be liable to additional fine of ____ percent of the estimated
cost of the real estate project or imprisonment upto _____ years
or both.
1] 5%, 2 years 2] 10%, 3 years
3] 15%, 3 years 4] 20%, 2 years
61 Under RERA, as per section 60, if the promoter defaults as 1
regards matters covered under section 4, he shall be liable to a
penalty upto ____ percent of the estimated cost of the real
estate project - 1] 5 2] 10 3] 15 4] 20 5] 25
62 Under RERA, the promoter is required to get his accounts audited 2
within ____ months after the end of every financial year by a
chartered accountant in practice, and shall produce a statement
of accounts duly certified and signed by such chartered
accountant and it shall be verified during the audit that the
amounts collected for a particular project have been utilized for
the project and the withdrawal has been in compliance with the
proportion to the percentage of completion of the project.
1] 3 2] 6 3] 9 4] 12
63 When counterfeit notes are detected in the soiled note 5
remittance and currency chest balance of a bank during
inspection / Audit by RBI, penalty at _____ of the notional value
of counterfeit notes, in addition to the recovery of loss to the
extent of the notional value of such notes will be imposed –
1] 40% 2] 50% 3] 60% 4] 75% 5] 100% 6] 120%
64 As per RBI, it is the responsibility of _______ to ensure the 1
quality and genuineness of cash loaded at White Label ATMs
1] Sponsor Bank 2] Payment Bank 3] Network Provider
4] None of these
65 The data on counterfeit notes detected by all branches of the 3
bank shall be reported, on a ______ basis
1] Weekly 2] Fortnightly 3] Monthly 4] Bi-Monthly
66 As per RBI, a statement showing the details of counterfeit notes 3
detected in the bank branches during the month shall be

Updated Questions – Promotional Exams 2018 Page 7

 compiled and forwarded to the Issue Office of RBI concerned so
as to reach them by ___ of the next month -
1] 5th 2] 7th 3] 10th 4] 15th
67 Principal Officers of banks are also required to report information 3
on cash transactions where forged notes have been used as
genuine note to The Director, FIU-IND, Financial Intelligence
Unit-India within _____ working days under Rule 3 of Prevention
of Money Laundering Rules, 2005 - 1] 3 2] 5 3] 7 4] 10
68 Reporting of Soiled note remittances to RBI / diversion to other 2
chests / other currency chests should not be shown as
withdrawal by chest / link offices. In case these are wrongly
reported as „Withdrawals‟, a penalty of _____ will be levied
irrespective of the value of remittance and period of such wrong
reporting –
1] Rs. 25000 2] Rs. 50000 3] Rs. 75000 4] Rs. 100000
69 Which of the following constitute non-compliances with 4
operational guidelines by currency chests under the „Scheme of
Penalties for Bank branches including Currency Chests‟ of RBI-
1] Non-functioning of CCTV
2] Branch cash/documents kept in strong room
3] Non-utilisation of Notes Sorting Machines for sorting of notes
4] All of the above
70 The penalty for irregularities detected by RBI officials with 1
regards to non-compliance with operational guidelines by
currency chests is _______?
1] Rs.5000/- for each irregularity
2] Rs.10000/- for each irregularity
3] Rs.15000/- for each irregularity
4] Rs.20000/- for each irregularity
71 The penalty shall be enhanced to ______ in case of repetition for 1
the above mentioned irregularities detected by RBI officials with
regards to non-compliance with operational guidelines by
currency chests -
1] Rs.10000 2] Rs.15000 3] Rs.20000/- 4] Rs.25000/-
72 RBI has decided to rationalise the MDR (Merchant Discount Rate) 4
for debit cards based on which of the following criteria –
] Categorisation of merchants on the basis of turnover
2] Adoption of differentiated MDR for QR-code based transactions
3] Specifying a ceiling on the maximum permissible MDR for both
„card present‟ and „card not present‟ transactions
4] All of the above
73 Merchant Discount Rate (MDR) for debit card transactions (as a 2
% of transaction value) for Small Merchants with turnover upto
Rs.20 Lakh during the previous financial year with Physical POS
infrastructure including online card transactions, cannot exceed
________
1] 0.30% 2] 0.40% 3] 0.50% 4] 0.75% 5] 0.90%
74 Merchant Discount Rate (MDR) for debit card transactions (as a 1
% of transaction value) for Small Merchants with turnover upto
Rs.20 Lakh during the previous financial year with QR (Quick
Response) code based card acceptance infrastructure, cannot

Updated Questions – Promotional Exams 2018 Page 8

 exceed ________ with MDR cap of Rs._____ per transaction
1] 0.30% , Rs.200 2] 0.30%, Rs.1000 3] 0.50%, Rs.400
4] 0.90 %, Rs.500 5] 0.90%, Rs.1000
75 Merchant Discount Rate (MDR) for debit card transactions (as a 5
% of transaction value) for Other Merchants with turnover above
Rs.20 Lakh during the previous financial year with Physical POS
infrastructure including online card transactions cannot exceed
________
1] 0.30% 2] 0.40% 3] 0.50% 4] 0.75% 5] 0.90%
76 Merchant Discount Rate (MDR) for debit card transactions (as a 2
% of transaction value) for Other Merchants with turnover above
Rs.20 Lakh during the previous financial year with QR (Quick
Response) code based card acceptance infrastructure cannot
exceed ________with MDR cap of Rs. ______ per transaction
1] 0.30% , Rs.200 2] 0.30%, Rs.1000 3] 0.50%, Rs.400
4] 0.90 %, Rs.500 5] 0.90%, Rs.1000
77 The maximum liability of the customer relating to unauthorised 1
transactions resulting in debits to their accounts / Cards in Basic
Saving Bank Deposit Accounts (BSBDA) IS Rs.________
1] Rs.5000/- 2] Rs.7000/- 3] Rs.10,000/- 4] Rs. 12,000/-
78 The maximum liability of the customer relating to unauthorised 2
transactions resulting in debits to their accounts / cards in all SB
accounts (other than BSBDA), Pre-paid Payment instruments and
Gift Cards, Current / Cash credit / Overdraft accounts of MSMEs,
Current Accounts/ Cash Credit / Overdraft accounts of Individuals
with annual average balance / limit upto Rs.25 lakhs (during 365
days preceding the incidence of fraud), Credit Card limit upto
Rs.5 Lakh is –
1] Rs.5000/- 2] Rs. 10,000/- 3] Rs. 15,000/- 4] Rs. 20,000/-
79 The maximum liability of the customer relating to unauthorised 4
transactions resulting in debits to their accounts / cards in all
other Current / Cash Credit/ overdraft accounts, Credit Cards
with limit above Rs.5 Lakh is –
1] Rs.10,000 2] Rs.15,000 3] Rs. 20,000 4] Rs.25,000
80 The customer liability should be determined as per the Bank‟s 3
Board approved policy, If the delay in reporting is beyond
______ working days. However, Banks should provide the details
of their policy in regard to customers‟ liability at the time of
opening the accounts.
1] 3 2] 5 3] 7 4] 10 5]14
81 The bank should credit the amount involved in the unauthorised 3
electronic transaction to the customer‟s account within ____
working days from the date of such notification by the customer
without waiting for the settlement of insurance claim, if any
1] 5 2] 7 3] 10 4] 14
82 It should be ensured by the Banks that the complaint of the 4
customer is resolved & the liability, if any of the customer is
established within such time as per Bank‟s Board approved Policy
but not exceeding ______ from the date of receipt of the
complaint, and the customer is compensated
1] 30 days 2] 45 days 3] 60 days 4] 90 days

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 83 Payment Banks are permitted to act as Business Correspondents 3
(BCs) of other Banks. Under the BC arrangement Payment Bank
may effect the transfer of funds deposited by a customer to own
account with another eligible bank, so that the balance in the
customer‟s account with the Payment Bank does not exceed Rs.
_____ or any such lower amount as may be prescribed by the
customer- 1] 50,000 2] 75,000 3] 1,00,000 4] 1,25,000
84 As per proposed definition, Micro Enterprise is an enterprise 2
whose annual turnover does not exceed Rs. ______ crore
1] 2 2] 5 3] 7 4] 10
85 As per proposed definition, a Small Enterprise is an enterprise 5
whose annual turnover is between Rs._____ crore to Rs._____
crore
1] 2, 5 2] 5, 7 3] 7, 10 4] 5, 25 5] 5, 75
86 As per proposed definition, a Medium enterprise is an 3
enterprise whose annual turnover is between Rs. _____ crore to
Rs. _____ crore.
1] 25, 100 2] 75, 150 3] 75, 250 4] 150, 250 5] 150, 300
87 RBI has decided to remove the currently applicable loan limits of 2
Rs.___ crore and Rs. _____ crore per borrower to Micro/Small
and Medium Enterprises (Services) respectively, for classification
under Priority Sector –
1] 2.5, 5 2] 5, 10 3] 10,25 4] 10, 50
88 RBI has decided to harmonize the methodology of determining 1
benchmark rates by linking the Base Rate to the MCLR with
effect from _______ as MCLR is more sensitive to policy rate
signals- 1] 1-4-2018 2] 1-7-2018 3] 1-1-2019 4] 1-4-2019
89 As per RBI, lenders shall report credit information including 3
classification of an account as SMA to Central Repository of
Information on Large Credits (CRILC) on all borrower entities
having aggregate exposure of Rs. ______ crore and above with
them. The CRILC-Main Report will now be required to submitted
on a Monthly basis effective from April 1, 2018 –
1] 1 2] 2 3] 5 4] 10
90 The lenders shall also report to CRILC, all borrower entities in 1
default (with aggregate exposure of Rs.5 crore and above), on a
__________________, or the preceding working day, if Friday
happens to be a holiday.
1] Weekly basis, at the close of business on every Friday
2] Fortnightly basis, at the close of business on Friday
3] Monthly basis, at the close of business on Last Friday
4] None of the above
91 Resolution Plans involving restructuring / change in ownership in 4
respect of „large‟ accounts i.e. accounts where the aggregate
exposure of lenders is Rs. ______ crore and above, shall require
independent credit evaluation of the residual debt by credit
rating agencies specifically authorised by RBI for this purpose-
1]10 2] 25 3] 50 4]100
92 While accounts with aggregate exposure of Rs.____ crore and 3
above shall require two such independent credit evaluation
(ICEs) - 1] 100 2] 250 3] 500 4] 1000

Updated Questions – Promotional Exams 2018 Page 10

 93 Only such Resolution Plan which receive credit opinion of ____ or 4
better for the residual debt from one or two Credit Rating
Agencies as the case may be shall be considered for
implementation –
1] RP1 2] RP2 3] RP3 4] RP4 5] RP5 6] RP6
94 According to Insolvency and Bankruptcy Code (IBC) 2016, a 2
financial creditor like a bank, is required to submit financial
information and information relating to assets in relation to which
any security interest has been created to –
1] Reserve Bank of India 2] Information Utilities
3] FIU-India 4] Credit Information Companies
95 The Insolvency and Bankruptcy Board of India (IBBI) has 3
appointed ________ as the first Information Utility under
IBBI(IUs) Regulations 2017
1] Legal Entity Identifier India Limited 2] CERSAI
3] National E-Governance Services Ltd. 4] CIBIL
96 Under Insolvency Code 2016, for insolvency resolution for LLPs, 4
the case must be filed with – 1] District Court 2] High Court
3] Debt Recovery Tribunal 4] National Company Law Tribunal
97 Which is not one of the 4 pillars under Insolvency and 3
Bankruptcy Code 2016?
1] Insolvency and Bankruptcy Board of India
2] National Company Law Tribunal
3] Credit Information Companies
4] Insolvency Resolution Professionals
98 Under Insolvency and Bankruptcy Code 2016, what is the time 2
limit available with the financial creditor to take a decision on
insolvency resolution plan, with permission from NCLT?
1] 90 days 2] 180 days 3] 270 days 4] 360 days
99 For making a reference to NCLT under Insolvency and 2
Bankruptcy Code, 2016, _____%tage of creditor should give
their consent –
1] 50% creditor by voting right 2] 75% creditor by voting right
3] 75% creditor by value 4] 50% creditor by value
100 Under Insolvency and Bankruptcy Code 2016, if a case is 2
referred to NCLT and the creditors do not take any decision on
the resolution plan, what is further course of action?
1] NCLT will reject the case 2] NCLT will order the liquidation
3] Case will be referred to High Court
4] Case will be referred to Supreme Court
101 What is the limit for investment by Foreign Portfolio Investors for 1
the quarter January-March 208 for investment in Central Govt.
Securities –
1] INR 64 billion 2] INR 58 billion
3] INR 55 billion 4] INR 49 billion
102 What is the limit for investment by Foreign Portfolio Investors for 2
the quarter January-March 208 for investment in State
Development Loans (SDLs) -
1] INR 64 billion 2] INR 58 billion
3] INR 55 billion 4] INR 49 billion

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 103 What is e-Kuber? 3
1] Digital payment system operated by Mumbai Stock Exchange
2] Digital payment system operated by Stock Holding
Corporation of India
3] Digital payment system operated by RBI
4] Payment & Settlement system operated by Clearing
Corporation of India
104 Where a suspicion of fraudulent activity is thrown by the 2
presence of one or more Early Warning Signals in a loan account,
it is called –
1] Wilful Default Account 2] Red Flagged Account
3] Non-Cooperative Borrower Account
4] Special Mention Account
105 Opening of individual pension account under NPS (National 3
Pension Scheme) by Indian Citizens including NRIs is between –
1] 21 to 60 years 2] 18 years to 60 years
3] 18 to 65 years 4] 18 years to 70 years
106 Subscribers joining NPS after the age of 60 years would be 3
eligible to continue in the system upto the age of ____ years &
during this period, the subscriber may continue to contribute-
1] No one can join after 60 2] Upto 65 3] upto 70
4] upto 75
107 A Subscriber under NPS can normally exit after completion of 3
____ years from the date of joining NPS. In that case, the
subscriber will be required to annuitize atleast ____% of the
corpus for purchase of annuity –
1] 5 & 40% 2] 3 & 50% 3] 3 & 40% 4] 5 & 50%
108 In the above question, if the accumulated corpus at the time of 2
exit is equal to or less than _____ amount, the subscribe will
have the option to withdraw the entire corpus in lump sum –
1] Rs. 100000 2] Rs.200000 3] Rs. 300000 4] Rs. 400000
109 The premature exit in NPS is before completion of ____ years – 3
1] 1 2] 2 3] 3 4] 4
110 In the above question, the subscriber will be required to 4
annuitize atleast ____ % of the corpus for purchase of annuity
provided the accumulated corpus is more than Rs. 100000/-
1] 50 2] 60 3] 70 4] 80
111 In the NPS Scheme, the minimum contribution per annum 1
(Tier-I). is reduced from Rs.6000 to Rs._______
1] 1000 2] 2000 3] 4000 4] 5000
112 As on date the minimum requirement of contribution of Rs. ____ 4
and maintenance of balance of Rs. _______ at the end of
financial year in NPS Tier-II account is –
1] 250 & 2000 2] 100 & 1000 3] 50 & 1000 4] Nil & Nil
113 Which of the following will be treated as Fraud for reporting - 5
1] Cases of cash shortage of more than Rs.10000 (incl. at ATM)
2] Cases of cash shortage of more than Rs.5000 if detected by
auditors / inspecting officer
3] Cases of cash shortage of more than Rs.5000 (incl. at ATM)
4] Cases of cash shortage of more than Rs.10000 if detected by
auditors / inspecting officer 5] 1 & 2 6] 2 & 3

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 114 Banks should subject the title deeds and other documents in all 5
credit exposure of Rs. _____ and above to periodic legal audit
and reverification of title deeds with relevant authorities –
1] 1 crore 2] 2 crore 3] 3 crores 4] 4 crore 5] 5 crore
115 Which is not a condition for Bank to undertake insurance 6
business with risk participation through a subsidiary / joint
venture –
1] Net worth of Rs. 1000 crore 2] Net NPA is not more than 3%
3] It has made a net profit in the preceding 3 financial years
4] It has a minimum prescribed capital (including capital
conservation buffer)
5] Minimum it has 3000 branches
6] CRAR is not less than 10% after investment
116 In savings deposit, differential interest can be provided for any 2
end-of-day saving bank balance of ___________
1] Exceeding 50000 2] Exceeding 100000
3] Exceeding 500000 4] Exceeding 10 Lakhs
117 In Term Deposit, differential interest will be offered only if 4
amount is Rs._____
1] 10 lakhs and above 2] 15 Lakhs and above
3]50 Lakhs and above 4] 1 crore & above 5] 10 crore & above
118 All tern deposit accepted from individuals (held singly or jointly) 3
for amount of ______ & below shall have premature withdrawal
facility – 1] 5 lakhs 2] 10 Lakhs 3] 15 Lakhs 4] 20 Lakhs
119 Interest on Savings deposited can be credited at ______ 4
intervals –
1] Annually 2] Half Yearly 3] Quarterly 4] Quarterly or Shorter
120 The minimum tenor of NRE and NRO Term deposits is- 2
1] 7 days and 7 days 2] 1 year and 7 days 3] 7 days & 1 year
4] 1 year and 1 year
121 The benefit of additional interest rate on deposits on account of 5
being bank‟s own staff or senior citizens shall not be applicable to
1] NRE Savings account 2] NRO Savings account 3] NRE Term
Deposit Account 4] NRO Term Deposit Account 5] All the above
122 NRE savings interest shall be calculated on 1
1] Daily product basis 2] Minimum balance between the 10th and
end of the month 3] Minimum balance between the 5th and end
of the month 4] Balance at the end of the month
123 Which is not true about FCNR(B) account – 5
1] Recurring Deposit shall not be accepted
2] Deposit over 5 year shall not be accepted
3] Staff shall not be given additional interest
4] Senior citizen shall not be given additional interest
5] Deposit can be opened for minimum six months
124 The interest cap on FCNR (B) is linked to LIBOR / SWAP rates. 4
The reference rate given by ________ shall be used for
determining the interest –
1] RBI 2] SEBI 3] FIMMDA 4] FEDAI 5] EXIM BANK
125 Inexpensive gifts costing not more than Rs.____ may be given to 3
depositors at the time of accepting deposits –
1] Nil 2] 100 3] 250 4] 500

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 126 Which is false – 5
1] Bank cannot accept interest free deposit other than in Current
Account 2] Bank cannot grant advances against Term Deposits
of other Banks 3] Bank can accept nominations in case of
Proprietorship Current Account 4] Bank cannot give loan their
own shares 5] Bank cannot give loan against other Bank shares
127 KYC directions is given by RBI in exercise of the powers – 4
1] Section 35A of Banking Regulation Act
2] Rule 9/14 of Prevention of Money Laundering (Maintenance of
Records) Rules 2005
3] Section 35A RBI Act 4] 1 & 2 5] 1 & 3
128 In which of the following cases, it is not necessary for the banks 2
to identify the Beneficial Owner under KYC guidelines-
1] Unlisted Company 2] Listed Company 3] Partnership Firm
4] Unincorporated association or body of individual
5] Trusts
129 For limited purpose proof of address of Utility Bill which is not 2
more than _____ months old of any service provider (Electricity,
Telephone, Piped Gas, Mobile) under KYC
1] 1 2] 2 3] 3 4] 6
130 NRIs are permitted to invest in which of the following on non- 4
repatriable basis –
1] Lottery business 2] Gambling and Betting
3] Nidhi Companies 4] Chit Fund
5] Trading in Transferable Development Rights (TDRS)
6] Real Estate Business / Farm House
131 A resident wants to open a joint account with an NRI close 4
relative. You will –
1] Not open the account
2] You will open the account with mode of operation „Jointly‟
3] You will open with mode of operation„ Former or Survivor‟
4] You will open with mode of operation „ Either or Survivor‟
132 Prepaid Instruments (PPI) issued by an entity for facilitating 1
purchase of goods and services from that entity and do not
permit cash withdrawals. This is Known as ________
1] Closed System PPI 2]Semi Closed System PPI
3] Open System PPI 4] Semi Open System PPI
133 Prepaid Instruments used for purchase of goods and services 2
including Financial services, remittance facilities etc. and do not
permit cash withdrawals is known as ________
1] Closed System PPI 2] Semi Closed System PPI
3] Open System PPI 4] Semi Open System PPI
134 Prepaid instruments issued only by Banks used at any merchants 3
for purchase of goods and services including financial services,
remittance facilities and also facility to withdraw cash from ATMs,
Point of Sale, Business Correspondents etc.
1] Closed System PPI 2]Semi Closed System PPI
3] Open System PPI 4] Semi Open System PPI
135 Banks and Non-Bank entities are permitted to issue prepaid Gift 3
Instruments which will not exceed Rs. ______
1] 5000 2] 7000 3] 10000 4] 25000 5] 50000

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 136 Call money means 1
1] Deals in overnight funds 2] Deals in funds for 2 to 14 days
3] Deals in funds for 15 days to 1 year
4] Deals in funds for above 1 year
137 Notice Money means 2
1] Deals in overnight funds 2] Deals in funds for 2 to 14 days
3] Deals in funds for 15 days to 1 year
4] Deals in funds for above 1 year
138 Term Money Means 3
1] Deals in overnight funds 2] Deals in funds for 2 to 14 days
3] Deals in funds for 15 days to 1 year
4] Deals in funds for above 1 year
139 What is Dirty Money 3
1] Only the face value 2] Only the accrued value
3] Face value + Accrued Value 4] Face Value – Accrued Value
140 Which is not an international credit Rating Agency? 4
1] FITCH 2] MOODY‟S 3] STANDARD & POOR 4] BRICWORK
141 Which is not a domestic credit Rating Agency? 7
1] BRICWORK 2] CRISIL 3] ICRA 4] INDIA RATINGS
5] SMERA 6] Credit Analysis & Research Ltd. 7] None
142 If Gross Income is Rs.20000 crores, what will be the capital 2
requirement in crores under BASIC INDICATOR Approach for
Operational Risk? – 1] 2000 2] 3000 3] 4000 4] 5000
143 If revaluation reserves is Rs. 10000 crores, the amount that will 1
be taken under BASEL-3 in __________ will be ___________
1] Common Equity Tier-1 & 4500 crores
2] Additional Equity Tier-1 & 5500 Crores
3] Tier-2 & 4500 Crores 4] Tier-2 & 5500 Crores
144 Capital Conservation Buffer to be achieved for 31/03/2019 is 4
1] 06.25% 2] 1.25% 3] 1.875% 4] 2.5%
145 The Haircut value for surrender value of insurance policy and 3
Bank‟s own deposits is
1] 20% & 0% 2] 0% & 20% 3] 0% & 0% 4] 20% & 20%
146 Debt Instruments for inclusion in Tier-2 Capital should have a 3
minimum maturity of –
1] 3 years 2] 4 years 3] 5 years 4] 7 years
147 For Corporate Debtors and LLPs should insolvency resolution 4
process at - 1] High Court 2] DRT 3] Supreme Court
4] National Company Law Tribunal (NCLT)
148 For Insolvency Resolution Process for individuals, it must be filed 2
before - 1] High Court 2] DRT 3] Supreme Court 4] National
Company Law Tribunal (NCLT)
149 For Partnership, Insolvency Resolution Process, it must be filed 2
before - 1] High Court 2] DRT 3] Supreme Court 4] National
Company Law Tribunal (NCLT)
150 To initiate Insolvency process for Corporate Debtors, the default 4
amount should be atleast –
1] INR 25000 2] INR 50000 3] INR 75000 4] INR 100000
151 To initiate Insolvency process for individuals and Partnership 4
firms, the default amount should be atleast –
1] INR 25000 2] INR 50000 3] INR 75000 4] INR 10000

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 152 Marginal Standing Facility can be availed upto a maximum of 4
______ % of the Bank‟s deposit –
1] 0.5% 2] 1% 3] 1.5% 4] 2%
153 The base year for calculation of GDP has been changed from 4
2004-05 to
1] 2008-09 2] 2009-10 3] 20010-11 4] 2011-12
154 GDP is calculated from the data of _____ companies 6
1] 2000 2] 2500 3] 3000 4] 10000 5] 100000 6] 500000
155 GDP is computed by 4
1] RBI 2] SEBI 3] IRDA 4] Central Statistical Organisation
156 Which is known as Reserve money – 1] M0 2] M1 3] M2 4] M3 1
157 Which is known as Narrow Money - 1] M0 2] M1 3] M2 4] M3 2
158 Which is known as Broad Money - 1] M0 2] M1 3] M2 4] M3 4
159 Which is not true about 2017-18 Budget- 4
1] Budget advanced to 1ST February
2] Railway Budget is merged with General Budget
3] Removal of Plan & Non-Plan classification of expenditure
4] Abolition of Economic Survey
160 For Senior Citizens, TDS shall not be required to be deducted 3
under sec 194A if the interest income on deposits does not
exceed _______ as per Budget 2018
1] 10000 2] 40000 3] 50000 4] 100000
161 It is proposed to tax Long Term Capital Gains on Equities 4
exceeding Rs._______ @ ___%
1] 50000, 5% 2] 50000, 10% 3] 100000, 5% 4] 100000, 10%
162 New Cess „ Health & Education‟ Cess will be on income tax @___ 2
1] 3% 2]4% 3] 5% 4]6%
163 Foreign Direct Investment limit in Insurance sector has been 4
enhanced to _______
1] 25% 2] 30% 3] 45% 4] 49% 5] 60%

164 In defence sector Foreign Direct Investment of _____% under 4

Automatic Route has been permitted –
1] 25% 2] 30% 3] 45% 4] 49% 5] 60%
165 Foreign Direct investment in Plantation sector (including tea) will 5
be permissible upto _____% under automatic route –
1] 25% 2] 49% 3] 50% 4] 60% 5] 100%
166 The foreign investment in companies in the business of 4
Teleports, Direct to Home (DTH) Cable Network and Mobile TV is
allowed upto _____%
1] 25% 2] 49% 3] 50% 4] 74% 5] 75% 6] 100%
167 The Govt. has approved ____% Foreign Direct Investment in 5
Multi Brand Retail Sector –
1] 25% 2] 49% 3] 50% 5] 51% 6] 75%
168 LPG Subsidy for consumers having income above Rs. _____ has 2
been scrapped – 1] 5 lacs 2] 10 Lacs 3] 15 Lacs 4] 20 Lacs
169 In the last one decade, which one of the following sectors has 4
attracted highest foreign direct investment inflows into India?
1] Chemicals other than fertilizers
2] Services Sector 3] Food Processing 4] Telecommunication

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 170 Which is recently added domestic rating agency – 6
1] CARE 2] CIRSIL 3] FITCH 4] ICRA 5] BRICWORKS
5] SMERA 6] INFOMERICS
171 RRBs are permitted to grant Gold Loans upto Rs._____ subject 2
to repayment period of 12 months and LTV ratio of 75%
1] 100000 2] 200000 3] 500000 4] 1000000
172 The Union Cabinet has decided to bear the Merchant Discount 2
Rate applicable to Digital Payment via Debit Cards upto Rs. ____
for the next two years –
1] 1000 2] 2000 3] 3000 4] 4000 5] 5000
173 “DARPAN” launched for financial inclusion of rural population by 4
1] State Bank of India 2] ICICI 3] AXIS Bank 4] Post Office
174 The Bank that has launched India‟s first voice based international 2
remittance service with „Apple‟
1] State Bank of India 2] ICICI 3] AXIS Bank 4] Yes Bank
175 New Development Bank is headquartered at – 2
1] India 2] China 3] Russia 4] South Africa
176 The New Development Bank was established by 5 countries. 1
Which one does not belong to it –
1] Britain 2] Russia 3] China 4] India 5] South Africa
6] Brazil
177 Who is the President of New Development Bank – 5
1] Anton Siluanov 2] Xiao Jie 3] Malusi Gigaba 5] K.V.Kamath
178 CriSidEx is India‟s first sentiment index for ______________ 1
launched by the Finance Minister which is developed jointly by
CRISIL and SIDBI
1] Micro & Small Enterprises 2] Food Processing Industry
3] Power Sector 4] Chemicals 5] Telecommunication
179 Ombudsman for NBFCs have a power to pass an award 1
maximum of Rs. ________ & compensation towards loss of time
and expenses maximum of Rs. _______
1] 10 Lakhs, 1 Lakh 2] 7 Lakh, 1 Lakh 3] 5 Lakh , 5 Lakh
4] 5 Lakh, 1 Lakh
180 Which bank has launched first digital banking branch called 2
„CANDI‟ 1] Citi Bank 2] Canara Bank 3] Andhra Bank 4] Dena
Bank 5] Indian Bank
181 Which state has highest number of MSMEs – 1
1] West Bengal 2] Rajasthan 3] Maharashtra 4] Gujarat

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