QUESTIONS BASED ON RBI NOTIFICATION ISSUED BETWEEN 01.01.2019 TO 30.11.

2019
(Compiled by Md Aftab Alam Chief Manager Ahmednagar Branch)
1. The current REPO rate as published by RBI during Bi-monthly Monetary Policy Statement
2. The current Reverse REPO rate
3. The current MSF/Bank Rate
4. RBI has deferred to implement last tranche of 0.625% of CCB and now will be
implemented as on
5. The percentage of CCB to be maintained
6. It has been decided by the Government of India to include merchant exporters also,
w.e.f. January 2, 2019, under the ongoing Interest Equalization Scheme for Pre and Post
Shipment Rupee Export Credit and allows them interest equalization at the rate of
__________% on credit for export of products covered under 416 tariff lines identified
under the Scheme
7. Ombudsman Scheme for Digital Transactions is now effective and come into force from
8. As per RBI notification dated 01.01.2019, maximum exposure including NFB should be
_____________ Cr for MSME Restructuring Scheme
9. Additional provision required for such restructured account till specified period
10. Specified period is ______ month/year from the first repayment of principal/interest

Customer Protection – Limiting customer’s liability in case of unauthorized

electronic transactions (11 to 16)

11. PPIs issued by authorized Non-Bank, max days to reverse the amount of un-authorized
transaction into customer’s account
12. The overall maximum time for resolution of complain ______ days
13. The customer’s liability would be _______ if contributory fraud or negligence on the part
of the PPI issuer or third party breach but reported within 3 days to the PPI issuer
14. Maximum customer’s liability if reported within 4 days to 7 days – Rs. ______ or
transaction amount whichever is lower
15. Maximum customer’s liability if reported after 7 days –
16. Un-authorised electronic transactions (in case of banks), the customer’s liability will be
Rs. __________ in case of BSBD, Rs. _______ in case of other SB accounts and Rs. _________
in case of CA/OD/CC, if the transaction reported within 4 to 7 days

17. ECB under automatic route upto USD _____ or equivalent per financial year
18. As per RBI monetary policy dated 07.02.2019, Penal interst on shortfall in reserve
requirements depending on the duration of shortfalls is Bank Rate plus _______ % or
Bank Rate plus _______ %.
19. As per RBI notification dated 21.02.2019 2% interest subvention is applicable till
__________
20. Interest subvention is applicable for MSME with valid udyog Aadhar and GSTN upto a
maximum financial assistance of Rs. __________ lakh.
21. Interst subvention shall be admissible for any period during which the account remains
NPA – Yes/No
22. Nodal office of eligible lending institutions should submit their half yearly claims to
_____________.
23. Single rupee term deposits of Rs. _________ lakh and above for SCBs and SFBs will be
treated as Bulk Deposit.
24. Three categories of NBFCs Co. viz Asset Finance Co., Loan Co. and Investment Co. are
now merged into a new NBFC called ________________ (RBI Notification 22.02.2019)
25. Take or send out of India to Nepal or Bhutan Indian Notes (other than notes above Rs.
100) upto a total limit of Rs.__________
QUESTIONS BASED ON RBI NOTIFICATION ISSUED BETWEEN 01.01.2019 TO 30.11.2019
(Compiled by Md Aftab Alam Chief Manager Ahmednagar Branch)
Trade Credit Policy – Revised framework RBI notification dated 13.03.2019 (26 to
30)

26. Trade Finance in the forms of Buyers’ Credit and Suppliers’ Credit to Indian Importer
upto USD __________ or equivalent per import transaction for oil/gas refining marketing,
airline and shipping companies.
27. Trade Finance in the forms of Buyers’ Credit and Suppliers’ Credit to Indian Importer
upto USD __________ or equivalent per import transaction for other companies.
28. The period of Trade Finance reckoned from the date of shipment, shall be upto ________
years for import of capital goods and _______ year or the operating cycle whichever is
less for non capital goods.
29. For shipyards / ship builders the period of TC for import of non capital goods can be
upto ______ year.
30. All in cost ceiling for TC should be benchmark rate plus ________ bps spread.

31. R-Return on fortnightly basis to be reported under ____________

32. The limit of FPI investment in Central Govt. Securities (G-Sec), State Development Loans
(SDLs) and Corporate Bonds shall be ______%, ______% and ______% of outstanding stocks
of securities respectively in FY 2019-20.

Large Exposures Framework (LEF) (01.04.2019) 33 to 39.

33. For the purpose of reckoning exposure limits under LEF, an Indian branch of a foreign G-
SIB will be considered as any other Indian bank and can accordingly take exposure upto
_______% of its Tier I capital on another non-GSIB in India
34. The interbank exposure limit of an Indian branch of a foreign G-SIB with its Head Office
will be ______% of its Tier I capital in India
35. Under the LEF, the sum of all exposure values of a bank (measured as specified in
paragraphs 7, 8, 9 and 10 of this framework) to a counterparty or a group of connected
counterparties (as defined in paragraph 6 below) is defined as a ‘Large Exposure(LE)’, if
it is equal to or above ______ percent of the bank’s eligible capital base
36. The sum of all the exposure values of a bank to a single counterparty must not be
higher than _______ percent of the bank’s available eligible capital base at all times
37. The sum of all the exposure values of a bank to a group of connected counterparties (as
defined in paragraph 6 of this circular) must not be higher than _____ percent of the
bank’s available eligible capital base at all times
38. Banks’ exposures to a single NBFC will be restricted to ______ percent of their eligible
capital base
39. Banks’ exposures to a group of connected NBFCs or group of connected counterparties
having NBFCs in the group will be restricted to _____ percent of their Tier I Capital

40. It has been decided that henceforth, banks should disclose divergences, if either or both
of the following conditions are satisfied: (a) the additional provisioning for NPAs
assessed by RBI exceeds _____ per cent of the reported profit before provisions and
contingencies for the reference period, and (b) the additional Gross NPAs identified by
RBI exceed _____ per cent of the published incremental Gross NPAs for the reference
period.
41. Ombudsman Scheme for Non-Banking Financial Companies (NBFCs) is applicable for (a)
are authorized to accept deposits; (b) are Non-Deposit Taking Non-Banking Financial
Companies having customer interface, with assets size of Rupees _______ crore or
above, as on the date of the audited balance sheet of the previous financial year
42. The timings for customer transactions (initial cut-off) in RTGS extended upto _________.
 QUESTIONS BASED ON RBI NOTIFICATION ISSUED BETWEEN 01.01.2019 TO 30.11.2019
(Compiled by Md Aftab Alam Chief Manager Ahmednagar Branch)
Prudential Framework for Resolution of Stressed Assets (07.06.2019) 43 to 47

43. The CRILC-Main Report shall be submitted on a monthly basis if aggregate exposure is
Rs. _______ Cr or above
44. Resolution Plans involving restructuring / change in ownership in respect of accounts
where the aggregate exposure of lenders is ₹ 1 billion and above, shall require
independent credit evaluation (ICE) of the residual debt by credit rating agencies (CRAs)
specifically authorized by the Reserve Bank for this purpose. While accounts with
aggregate exposure of ₹ ________ billion and above shall require two such ICEs, others
shall require one ICE
45. Where a viable Resolution Plan in respect of a borrower is not implemented within 180
days from the end of Review Period, all lenders shall make additional provisions
_______% of total outstanding.
46. Where a viable Resolution Plan in respect of a borrower is not implemented within 365
days from the end of Review Period, all lenders shall make additional provisions
_______% of total outstanding (other than additional provision made for above)
47. If the change in ownership is implemented under this framework, then the classification
as ‘standard’ shall be subject to the condition among others is that the new promoter
shall have acquired at least ___________ per cent of the paid up equity capital as well as
voting rights of the borrower entity and shall be the single largest shareholder of the
borrower entity

48. Some modifications have come under maintaining BSBD accounts in bank are as under;

(a) No limit on number and value of deposits that can be made in a month
(b) Minimum of four withdrawals in a month, including ATM withdrawals
(c) not be eligible for opening any other savings bank deposit account in that bank
(d) If have other SB account in that bank, he/she will be required to close it within 60
days from the date of opening a BSBD Account

Which statement is false?

49. The reimbursement of MDR claims will be handled directly by _________________ w.e.f.
January 01, 2019 instead of RBI.
50. An electronic trading platform for buying/selling foreign exchange by retail customers
of banks, FX-Retail, is ready for rollout by _____________
51. There is no cap on the number of transactions per customer during a day under FX-
Retail Platform. The total amount of transactions of a customer shall be subject to the
limit assigned by its bank. But the size of a single transaction is not allowed to exceed
USD ____________ lakh
52. Under FX-Retail platform, no transaction charges shall be levied by the CCIL on
transactions of customers if such transactions do not exceed USD 50,000 per day. But
transaction charge _________ shall be charged by the CCIL for transactions in excess of
USD 50,000 per day.
53. Agency Commission payable on Government Transactions with effect from July 01, 2019
for physical receipt per transaction is Rs. __________ for e-mode receipt is Rs. __________
54. Agency Commission payable on Government Transactions with effect from July 01, 2019
for pension payment per transaction is Rs. ___________ and for payment other than
pension is Ps. _______ per Rs. 100/- turnover.
55. The number of transactions eligible for payment of agency commission should not
exceed __________ per pensioner per year
56. As per the guideline under, Financial Benchmark Administrators (Reserve Bank)
Directions, 2019 eligible criteria for FBAs is that FBA shall be a company incorporated in
India and FBAs shall maintain a minimum net worth of ₹ _______ Crore at all times.
QUESTIONS BASED ON RBI NOTIFICATION ISSUED BETWEEN 01.01.2019 TO 30.11.2019
(Compiled by Md Aftab Alam Chief Manager Ahmednagar Branch)
Priority Sector Target (57 to 75)

57. RRBs will have a target of _______ per cent of their outstanding advances for priority
sector lending
58. RRBs will have a sub target under priority sector for small and marginal farmers and
weaker section __________% and ___________% respectively.
59. Lending to Medium Enterprises, Social Infrastructure and Renewable Energy by RRBs
shall be reckoned for priority sector achievement only up to _____ per cent of total
outstanding.
60. Loans to farmers up to ₹ _____ lakh against pledge/ hypothecation of agricultural
produce (including warehouse receipts) for a period not exceeding 12 months come
under Farm credit under Agriculture
61. Loans to corporate farmers, farmers' producer organizations/companies of individual
farmers, partnership firms and co-operatives of farmers directly engaged in Agriculture
and Allied Activities, viz., dairy, fishery, animal husbandry, poultry, bee-keeping and
sericulture up to an aggregate limit of ₹ _____ lakh per borrower come under Farm
Credit – Priority sector.
62. Loan of an aggregate sanctioned limit of ₹ _______ Cr. per borrower from the banking
system come under agriculture infra sector.
63. Loans up to ₹ _____ Crore to co-operative societies of farmers for disposing of the
produce of members come under priority advance
64. Loans for Food and Agro-processing up to an aggregate sanctioned limit of ₹ ______
Crore per borrower from the banking system are categorized as priority sector.
65. Small and Marginal Farmers will include Loans to farmers’ producer companies of
individual farmers, and co-operatives of farmers directly engaged in Agriculture and
Allied Activities, where the membership of Small and Marginal Farmers is not less than
75 per cent by number and whose land-holding share is also not less than _______ per
cent of the total land-holding
66. In terms of revised guidelines issued by Department of Financial Services, Ministry of
Finance, dated September 24, 2018, some modifications in Overdraft limit to Pradhan
Mantri Jan-Dhan Yojana (PMJDY) account holder has been done. Which one is not correct
in this regard;
(a) OD limit raised to ₹10,000/-
(b) Age limit of 18-60 years has been revised to 18-65 years
(c) There will not be any conditions attached for overdraft up to ₹2,000/-.
(d) These overdrafts will qualify as achievement of the target for lending to Agriculture
Sector
67. Loans to individuals up to ₹ _________ lakh in metropolitan centres (with population of
one million and above) for purchase/construction of a dwelling unit per family provided
the overall cost of the dwelling unit does not exceed ₹ __________ lakh come under
priority sector
68. Loans to individuals up to ₹ ______ lakh in other centres for purchase/construction of a
dwelling unit per family provided the overall cost of the dwelling unit does not exceed ₹
_______ lakh come under priority sector
69. Bank loans to any governmental agency for construction of dwelling units or for slum
clearance and rehabilitation of slum dwellers subject to a ceiling of ₹ _________ lakh per
dwelling unit come under priority sector.
70. The loans sanctioned by banks for housing projects exclusively for the purpose of
construction of houses for Economically Weaker Sections (EWS) and Low Income Groups
(LIG), the total cost of which does not exceed ₹ 1 million per dwelling unit. For the
QUESTIONS BASED ON RBI NOTIFICATION ISSUED BETWEEN 01.01.2019 TO 30.11.2019
(Compiled by Md Aftab Alam Chief Manager Ahmednagar Branch)
purpose of identifying the economically weaker sections and low income groups, the
family income limit is revised to ₹ _________ lakh per annum for EWS and ₹ _______ lakh
per annum for LIG, in alignment with the income criteria specified under the Pradhan
Mantri Awas Yojana
71. Bank loans up to a limit of ₹ ______ lakh per borrower for building social infrastructure
for activities namely schools, health care facilities, drinking water facilities, sanitation
facilities, construction/refurbishment of household toilets and household level water
improvements in Tier II to Tier VI centres
72. Bank loans up to a limit of ₹ ______ Cr. to borrowers for purposes like solar based power
generators, biomass based power generators, wind mills, micro-hydel plants and for
non-conventional energy based public utilities viz. street lighting systems, and remote
village electrification. For individual households, the loan limit will be ₹ ____ lakh per
borrower
73. Loans not exceeding ₹ 50,000/- per borrower provided directly by banks to individuals
and their SHG/JLG come under other priority sector, provided the individual borrower’s
household annual income in rural areas does not exceed ₹ _______ lakh and for non-rural
areas it does not exceed ₹ ______ lakh
74. Under weaker sections, loans to Artisans, village and cottage industries, Distressed
persons other than farmers to prepay their debt to non-institutional lenders and
Individual women beneficiaries up to ₹ _________ lakh per borrower categorized under
priority sector.
75. Loans for repairs to damaged dwelling units of families up to ₹ _____ lakh in
metropolitan centres and up to ₹ ______ lakh in other centers

76. As announced in the Statement on Developmental and Regulatory Policies issued with
the Second Bi-Monthly Monetary Policy Statement 2019-20 on June 6, 2019, it has been
decided that the minimum Leverage Ratio shall be _____% for Domestic Systemically
Important Banks (DSIBs) and ______% for other banks effective from the quarter
commencing October 1, 2019
77. 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 When
Counterfeit Notes are detected in the soiled note remittance of the bank or If Counterfeit
Notes are detected in the currency chest balance of a bank during Inspection / Audit by
RBI.
78. The Counterfeit Notes at branches should be subjected to verification on a half-yearly
basis by the Officer-in-Charge of the bank / office concerned. They should be preserved
for a period of _________ years from the date of receipt from the police authorities.
79. Loan to SC/ST under DRI and DAY-NRLM is prescribed ________% and ______% of the total
advance given to the respective schemes.
80. Under DAY-NULM, advances should be extended to SCs / STs to the extent of
____________
81. The Nodal Agency under Credit Enhancement Guarantee Scheme for Scheduled Castes
(CEGSSC) is ________________________, Amount of guarantee cover is min Rs. __________
and maximum Rs. ______________, Tenure of the guarantee ____________ years
82. NULM has been under implementation w.e.f. September 24, 2013 in all district
headquarters (irrespective of population) and all the cities with population of _________
lakh or more
83. In view of the Prime Minister’s 15-Point Program for the Welfare of Minorities, at least
______ percent of the physical and financial targets under this component shall be
earmarked for the minority communities
QUESTIONS BASED ON RBI NOTIFICATION ISSUED BETWEEN 01.01.2019 TO 30.11.2019
(Compiled by Md Aftab Alam Chief Manager Ahmednagar Branch)
84. The Maximum unit Project Cost for an individual micro-enterprise under DAY-NULM is ₹
_______
85. All women SHGs under DAY– NRLM, will be eligible for interest subvention on prompt
payment to the extent of difference between the lending rates and 7% for the loan up to
Rs. 300,000/- subject to maximum of ________ % or as prescribed by the MoRD.
86. The genesis of the Lead Bank Scheme (LBS) can be traced to the Study Group headed by
Prof. ________________ on the Organizational Framework for the Implementation of the
Social Objectives, which submitted its report in October 1969.
87. A Committee of Bankers on Branch Expansion Programme of Public Sector Banks
appointed by the Reserve Bank of India under the Chairmanship of Shri
____________________ endorsed the idea of an ‘Area Approach’ in its report (November
1969), recommending that in order to enable the Public Sector Banks to discharge their
social responsibilities, each bank should concentrate on certain districts where it should
act as a ‘Lead Bank’
88. In view of the several changes that had taken place in the financial sector, the Lead Bank
Scheme was last reviewed by the High Level Committee headed by
________________________, the then Deputy Governor of the Reserve Bank of India in 2009
89. SLBC is chaired by the Chairman/ MD/ ED of the __________________ and co-chaired by
the Additional Chief Secretary or Development Commissioner of the State concerned
90. SLBC Convenor Banks have been advised that in order to comply with the criteria of
opening at least ________ percent of the total banking outlets in unbanked rural centres
in Tier 5 & 6 centres, as prescribed vide DBR circular dated May 18, 2017, banks should
give priority to villages without a banking outlet having population more than 5000 (i.e.
Tier 5 centres) and ensure that all such villages under their jurisdiction are covered with
a CBS-enabled Banking Outlet on priority basis
91. Banks have been advised to achieve a CD Ratio of ___________ in respect of their rural
and semi-urban branches separately on an All-India basis
92. Target for Advances to Weaker Sections is _____ percent of ANBC for Small Finance Bank
and __________ percent for RRB
93. As per (‘Fit and Proper’ Criteria for Elected Directors on the Boards of PSBs) Directions,
2019, the candidate’s age should be between _______________ years as on the cut-off
date fixed for submission of nominations for election
94. Following transactions will not be part of free transaction which constitute on us
transactions; which option is not correct: a) Balance enquiry b) Fund transfer c) Cheque
request d) Cash withdrawal
95. Processing of e-mandate on cards for recurring transactions: The maximum permissible
limit for a transaction under this arrangement shall be _____________
96. Cash Withdrawal at Points-of-Sale (PoS) Devices: Cash withdrawal limit for Tier I & II is Rs.
___________ and for Tier III & IV is Rs. ____________ with maximum charges of 1% .
97. The interest rate under external benchmark shall be reset at least once in __________
months
98. Priority Sector Targets - Lending to Non-Corporate Farmers: the applicable system
wide average figure for computing achievement under priority sector lending for the FY
2019-20 is __________ percent
99. As per RBI notification dated 20.09.2019, enhanced the sanctioned limit, for
classification of export credit under PSL, from ₹ 250 million per borrower to ₹ _______
million per borrower and removed the existing criteria of ‘units having turnover of up to
₹ 1 billion’.
 QUESTIONS BASED ON RBI NOTIFICATION ISSUED BETWEEN 01.01.2019 TO 30.11.2019
(Compiled by Md Aftab Alam Chief Manager Ahmednagar Branch)
100. Timeline for auto-reversal for failed transactions using authorized Payment
Systems (ATM, POS, AEPS) is T + ______ days.
101. All non-deposit taking NBFCs with asset size of ₹ 10,000 crore and above, and all
deposit taking NBFCs irrespective of their asset size to be maintained LCR @ _______ %
wef 01.12.2020 and to be maintained 100% wef 01.12.2024.
102. All non-deposit taking NBFCs with asset size of ₹ 5,000 crore and above but less
than ₹ 10,000 crore shall also maintain the required level of LCR @ _______ % wef
01.12.2020 and to be maintained 100% wef 01.12.2024.
103. It has been decided to increase the household income limits for borrowers of
NBFC-MFIs from the current level of ₹1,00,000 for rural areas and ₹1,60,000 for
urban/semi urban areas to ₹_____________ and ₹___________ respectively
104. The limit on total indebtedness of the borrower has been increased from
₹1,00,000 to ₹___________.
105. In light of the revision to the limit on total indebtedness, the limits on disbursal
of loans have been raised from ₹60,000 for the first cycle and ₹1,00,000 for the
subsequent cycles to ₹___________ and ₹_____________respectively

ANSWERS
1) 5.40% 2) 5.15% 3) 5.65% 4) 31.03.2020 5) 2.5%
6) 3% 7) 31.01.2019 8) 25 9) 5% 10) 1 year
11) 10 days 12) 90 days 13) zero 14) 10000 15) as per board
approved policy
16) 5000, 10000, 17) 750 mi 18) 3, 5 19) 31.03.2020 20) 100
25000
21) No 22) SIDBI 23) 200 24) NBFC-ICC 25) 25000
26) 150 mi 27) 50 mi 28) 3, 1 29) 3 years 30) 250
31) FETERS 32) 6, 2, 9 33) 25% 34) 20% 35) 10%
36) 20% 37) 25% 38) 20% 39) 25% 40) 10, 15
41) 100 42) 6:00 PM 43) 5 44) 5 45) 20
46) 15 47) 26 48) (d) 30 days 49) MeitY 50) CCIL
51) 50 (5 mi) 52) 0.0004% 53) 40, 9 54) 75, 6.5 55) 14
56) one 57) 75% 58) 8%, 15% 59) 15% 60) 50 lakh
61) 2 Cr 62) 100 Cr 63) 5 Cr 64) 100 Cr 65) 75%
66) d 67) 35, 45 68) 25, 30 69) 10 lakh 70) 3 lakh, 6 lakh
71) 5 Cr 72) 15 Cr, 10 73) 1, 1.60 74) 1lakh 75) 5 lakh, 2 lakh
lakh
76) 4.00, 3.50 77) 100 78) three 79) 40 & 50 80) their strength in
locality
81) IFCI, 15 lakh, 82) one 83) 15 84) 2.00 lakh 85)5.5
5 Cr, 7 years
86) Gadgil 87) F K F 88) Smt Usha 89) convener 90) 25
Nariman Thaorat bank
91) 60% 92) 10, 15 93) 35 to 67 94) d 95) 2000
years
96) 1000, 2000 97) three 98) 12.11 99) 400 100) 5
101) 50 102) 30 103) 125000, 104) 125000 105) 75000, 125000
200000