Sunteți pe pagina 1din 8

A K GUPTA’S BANKERS TRAINING INSTITUTE

(75, Block BG-I, Paschim Vihar, New Delhi 110063; 09350476949; akg.bti@gmail.com)

MEMORY BASED QUESTIONS OF PNB EXAM ON 7 MAY CANARA BANK EXAM HELD ON 23.04.2017

III TO IV

1. Which of the following union territory is included in A region(Official Language)?: Andman & Nicobar

2. What is the loan limit for Agriculture Infrastructure under Priority Sector?: Rs 100 crore per borrower from banking system.

3. What is the loan limit for financing of Agro Food Industry as part of Ancillary activity in agriculture?:

Rs 100 crore per borrower from banking system.

4. What is the loan limit for financing of Social infrastructure for coverage under priority sector?: Rs 5 crore per borrower

5. What is the maximum amount of loan to corporate for agriculture and allied activity for coverage under priority sector?: Rs 2 crore per borrower.

6. What is the maximum amount of loan that can be granted to co-operative societies of farmers for disposing of the produce of members: Rs 5 crore

7. What is the maximum amount of loan to farmers against pledge/hypothecation of agricultural produce for coverage under PS?: Rs 50 lac for 12 months

8. Loans to individuals up to

in metropolitan centres (with population of ten lakh and above) for

purchase/construction of a dwelling unit per family will be part of priority sector provided the overall

cost of the dwelling unit in the metropolitan centre does not exceed

: Rs 28 lakh; Rs 35 lakh

9. What are the components of MCLR in addition to marginal cost of funds?: (a) Negative carry on account of CRR; (b) Operating costs; (e) Tenor premium.

10. What is the present LCR requirement of Indian Banks? 80% (Liquidity Coverage Ratio is calculated as Stock of high quality liquid assets (HQLAs)/ Total net cash outflows over the next 30 calendar days should be ≥ 100%. The requirement would be minimum 60% for the calendar year 2015 i.e. with effect from January 1, 2015, and rise in equal steps to reach the minimum required level of 100% on January 1, 2019. January 1 2015: 60%; January 1 2016: 70%; January 1 2017: 80%; January 1 2018: 90%; January 1 2019: 100%).

11. For the purpose of calculating capital for credit risk based on rating of the corporate, in the case of more than 2 ratings, which rating will be used? : The ratings corresponding to the two lowest risk weights should be referred to and the higher of those two risk weights should be applied. i.e., the second lowest risk weight (i) If there is only one rating by a chosen credit rating agency for a particular claim, that rating would be used to determine the risk weight of the claim. (ii) If there are two ratings accorded by chosen credit rating agencies that map into different risk weights, the higher risk weight should be applied. (iii) If there are three or more ratings accorded by chosen credit rating agencies with different risk weights, the ratings corresponding to the two lowest risk weights should be referred to and the higher of those two risk weights should be applied. i.e., the second lowest risk weight.

12. Risk weight for housing loans more than Rs 75 Lakhs and LTV<= 75?: 75%

13. Without collateral loans to be given upto what amount under CGTMSE?: Rs 200 lakh ( Rs 2 crore)

14. Foreign DD deposited in NRE account, which rate will be used for conversion?: TT Buying Rate

15. In an E or S account, party A has issued the cheque, party B has corrected the date and signed. Whether cheque can be passed?: Yes. Either can confirm material alteration

16. Consumer protection act Limitation period?: 2 year from date of cause of action

17. What is the CRAR requirement as per Basel III as on 31.03.2019(including Capital conservation Buffer): 11.5% of risk weighted assets. Tier I should be 9.5%; CET I should be 8%.

18. What is the additional single entity exposure under infrastructure?: Exposure to single borrower 15% of the capital funds of the bank and for infrastructure additional 5% exposure can be taken.

A K GUPTA’S BANKERS TRAINING INSTITUTE

(75, Block BG-I, Paschim Vihar, New Delhi 110063; 09350476949; akg.bti@gmail.com)

19. Maximum holding of shares in a company by a bank : 30% of the paid up capital of the company or 30% of the paid up capital and reserves of the bank which ever is lower.

20. FCNR(B) – maximum interest rate for 1year to less than 3 year: LIBOR plus 200 Basis points

21. Capital X, reserves Y, preoperative expenses Z, what is the tangible net worth?: X plus Y minus Z

22. Which is the amount to be attached under Garnishee Order after operations in the account?: Amount available at the time of receiving the order and not deposited afterwards

23. Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises is applicable to

accounts under consortium or multiple banking

MSMEs having loan limits up to

including

arrangement (MBA): Rs 25 crore.

24. If investment in Plant & machinery is more than Rs 5 crore but up to Rs 10 crore, it will be classified as: Medium manufacturing enterprise.

25. How much Carve out is there under SLR for the purpose of maintaining LCR: 11% (The assets allowed as the Level 1 High Quality Liquid Assets (HQLAs) for the purpose of computing the LCR of banks, inter alia, include Government securities in excess of the minimum SLR requirement and, within the mandatory SLR requirement, Government securities to the extent allowed by RBI under Marginal Standing Facility (MSF) [presently 2 per cent of the bank’s NDTL] and under Facility to Avail Liquidity for Liquidity Coverage Ratio (FALLCR) presently 9 per cent of the bank’s NDTL. Hence, the total carve-out from SLR available to banks would be 11 per cent of their NDTL.

26. Profit before Tax- 240, income tax-90, term loan instalment -85, interest on TL -45; Depreciation - 65. What is the DSCR: (240 – 90 + 45 + 65)/ (85 + 45): 2:1

27. Profit after tax – 90; Depreciation – Rs 30; Interest on term loan – 40; DSCR 1.6:1; What will be instalment : Rs 70

28. What is the annual cost escalation for Kisan credit card: 10%

29. Fixed Assets-200 revalued to 400, how much can be included under Tier I capital?: 90 (Revaluation reserves taken at 55% discount)

30. For being eligible for cover under Guarantee scheme, the amount of educational loan can be upto :

Rs 7.5 lakh

31. For a micro enterprise of Women with Rs 68.00 Lakhs liability,what is the amount which can be claimed under CGTMSE ?: Rs 49 lakh

32. In money laundering, the introduction of the unauthorised money into the system is called by the term: Placement. (There are three stages involved in money laundering; placement, layering and integration. Placement –This is the movement of cash from its source)

33. The account of a foreign student before receipt of full KYC, the deposit allowed is upto: USD1000 in first 30 days ( withdrawal is restricted to Rs 50,000 in first 30 days)

34. Under CGTMSE if the amount under recovery is not passed to the trust within one month what is the penal rate?: Bank Rate plus 4% (Every amount recovered and due to be paid to the Trust shall be paid without delay, and if any amount due to the Trust remains unpaid beyond a period of 30 days from the date on which it was first recovered, interest shall be payable to the Trust by the lending institution at the rate which is 4% above Bank Rate for the period for which payment remains outstanding after the expiry of the said period of 30 days).

35. Unsecured exposure, the security is: 10% or less than 10% of the exposure taken.

36. The supreme court has issued judgement that which one of the following can not be a partner in a partnership firm: HUF

37. 15 G is to be preserved for how many years?: up to 7 years from close of the financial year in which it was submitted

38. Small savings bank account, balance and the aggregate credit amount limit?: Balance not to exceed Rs 50,000 and aggregate credit in a financial year not to exceed Rs 1 lac

39. Preferential rate of interest is not applicable to which among the following? Term deposit of Rs 15 lac and above (Banks are allowed to offer differential rate of interest on domestic term deposits on the basis of the following: (a) Tenor of Deposits; (b) Size of Deposits: Banks are allowed to offer differential rates of interest on the basis of quantum for single term deposits of ₹ 1 crore and above; (c) Availability of early withdrawal option: With effect from April 16, 2015 banks have been allowed

A K GUPTA’S BANKERS TRAINING INSTITUTE

(75, Block BG-I, Paschim Vihar, New Delhi 110063; 09350476949; akg.bti@gmail.com)

the discretion to offer differential interest rates based on whether the term deposits are with or without-premature-withdrawal-facility,

40. Maturity period of the certificate of deposits: 7 days to one year.

41. The minimum number of persons required for SHG in difficult areas?: 5

42. In PMJDY account, the overdraft limit is to be fixed based on the account balance for what period?: if account is satisfactory for at least 6 months.

43. A garnishee order has come, no balance in current account, OD limit available, which of the following to be done?: Not applicable on unutilized OD/CC limits.

44. DER – 2:1, Long term borrowings – Rs 40 lakhs, Loss – 4lakhs, what is the net worth: Rs 24 lakh ( Tangible net worth will be Rs 20 lakh)

45. Current account opening with A ,B and C. C is a Pardanishin lady and has not given photograph. Which of the following to be done: As per KYC guidelines, photograph is must in all cases

46. Section no of Inchoate instrument?: Section 20 of N I Act

47. Outstanding – Rs 50 lakh, Realisable value of security Rs 30 lac; Account doubtful for more than 3 years. Amount of provision?: 100% of outstanding i.e. Rs 50 lakh

48. The time limit for charge creation with registrar of companies: 30 days; Extension up to 270 days; Total period for registration: 300 days

49. The premium for different types of crops under fasal bima yojana: Rabi – 1.5%; Kharif – 2%; Annual crops: 5%

50. RTI, if information not given under 30 days, what is fine per day and upto what amount?: Rs 250 per day maximum Rs 25000

51. Unhedged foreign currency exposure-loss as a % of earnings before interest and taxes is 30-50% what is the incremental provision? 40 basis points (Likely Loss/EBID (%) - Incremental Provisioning Requirement on the total credit exposures over and above extant standard asset provisioning:

Upto15 per cent – 0; More than 15 per cent and upto 30 per cent - 20bps; More than 30 per cent and upto 50 per cent - 40bps; More than 50 percent and upto 75 per cent - 60bps; More than 75 per cent - 80 bps)

52. Weighted average interest charged under Deendayal antyodaya yojana(NRLM) for 2016-17?: In PNB weighted average interest is 11.5% and interest subvention will be 4.5%

53. The minimum % of women beneficiaries under Deendayal antyodaya yojana(NULM): 30%

54. Under SDR, after divestment, the minimum promoter stake shall be? 26% (the asset classification benefit will be available to the lenders provided they divest a minimum of 26% of the shares of the company to the new promoters within the stipulated time line of 18 months and the new promoters take over management control of the company.

55. What is the maximum NEFT charges from 2lakhs to 5 lakhs: Rs 25 plus service tax

II TO III

1. SPOT TRANSACTIONS ARE SETTLED ON T +2 BASIS I.E. 3 RD WORKING DAY

2. INTEREST RATE BY RBI ON CRR BALANCES: NIL

3. REVERSE REPO RATE FROM 6.4.2017: 6%

4. THE GUARANTEE FEE IS CHARGED BY CGFT ON THE BASIS OF : LEVEL OF NPA OF THE BANK FOR LOANS OVER RS 5 LAC

5. FINAL IMPLEMENTATION OF BASEL III: 31 MARCH 2019

6. ACCOUNT OF A CONTRACTOR FALLS IN WHICH CATEGORY: MEDIUM

7. WHAT IS FUNCTION OF ALM: TO PROTECT NET INTEREST INCOME AND NET INTEREST MARGIN

8. IN TERMS OF PILLAR 1 OF BASEL III, BANKS IS REQUIRED TO BRING CAPITAL FOR: CREDIT RISK + MARKET RISK + OPERATIONAL RISK

9. THE SCHEME FOR REHABILITATION AND REVIVAL OF MICRO, SMALL & MEDIUM ENTERPRISES IS APPLICABLE FOR OUTSTANDING UPTO: RS 25 CRORE

10. INTEREST ON SAVING BANK ACCOUNTS IS TO BE PAID: QUARTERLY

11. BENEFICIARY CONTROL IN PARTNERSHIP ACCOUNT: 15%

A K GUPTA’S BANKERS TRAINING INSTITUTE

(75, Block BG-I, Paschim Vihar, New Delhi 110063; 09350476949; akg.bti@gmail.com)

12. WHICH OF THE FOLLOWING DOES NOT PERTAIN TO OPERATIONAL RISK: DEFAULT BY BORROWER

13. WHAT IS THE IMPACT OF OVERVALUATION OF CLOSING STOCK: GROSS PROFIT INCREASES

14. WHAT IS THE MAXIMUM AMOUNT THAT CAN BE REMITTED UNDER LRS FOR MEDICAL TREATMENT: NORMALLY USD 250000 BUT IF ESTIMATE FROM FOREIGN HOSPITAL IS GIVEN THEN HIGHER AMOUNT CAN ALSO BE REMITTED

15. WHICH OF THE FRAUDS ARE REPORTED TO ECONOMIC OFFENCE WING OF CBI: WHEN AMOUNT OF FRAUD IS BETWEEN RS 3 CR TO RS 25 CRORE AND NO STAFF INVOLVEMENT.

16. WHAT IS CONTRIBUTION IN THE CONTEXT OF CVP ANALYSIS: SALES MINUS VARIABLE COST

17. IF BREAK EVEN POINT IS HIGH, IT MEANS MARGIN OF SAFETY IS: LESS

18. FOR OFFICIAL LANGUAGE POLICY, WHICH OF THE UNION TERRITORIES IS PART OF REGION B : CHANDIGARH BANKING LAW ( NI/BR / RBI ACT)

19. AGENT DIED AND CHEQUE PRESENTED -SHOULD BE PASSED

20. IF GUARANTOR CLEAR ALL LOANS OF BORROWER – RIGHT OF SUBROGATION

21. AS PER LATEST RBI CIRCULAR, 2016 UNIFORM RATE OF INTEREST SHOULD BE APPLIED UPTO WHAT AMOUNT IN AN SB ACCOUNT- ONE LAC .

22. IMPLEMENTAION OF BASL –III DATE – 31.03.2019

23. PILLER-1 CAPITAL CALCULATED ON – CREDIT RIST/MARKET RISK/OPERATION RISK

24. BANK SHALL NOT HOLD SHARES IN ANY COMPANY MORE THA 30% OF PAID UP CAPITAL OF THE COMPANY OR 30% OF THE PAID UP CAPITAL AND RESERVES OF THE BANK WHICHEVER IS LOWER.

25. SME REHABILITATION FOR HOW MUCH AMOUNT - 25 CRORE

26. WHAT IS TANGIBLE NETWORTH - PAID UP CAPITAL + RESERVED - INTANGIBLE ASSET

27. WHAT IS RESULT OF OVER VALUATION OF CLOSING STOCK - INCREASED IN GROSS PROFIT

28. WHAT IS GREEN CLAUSE LC: WHICH CONTAINS A CLAUSE TO PROVIDE FINANCE FOR STORAGE & TRANSPORTATION IN ADDITION TO FINANCE FOR PACKING CREDIT.

29. LOAN COVER UNDER PRIOTIRY SECTOR FOR WOMEN UNDER WEAKER SECTION- 100000

30. MEDIUM RISK CATEGORY CUSTOMER – CONTRACTOR

31. CGMSE CLAIM SETTLEED TO WOMEN FOR RS.25 LACS – 80%

32. MAX PROJECT COST OF AN INDIVIDUAL APPLICANT IN AGRI CLINIC - 20 LACS

33. PENALTY FOR NOT PASSING RECOVERY WITHIN 30 DAYS TO CGTMSE- BANK RATE+4%

34. WHAT SHOULD BE MIN PERCENTAGE OF WOMEN/SC/ST IN GRP FOR STANDUP INDIA - 51%

35. WHAT IS THE MAX LOAN AMOUNT, FOR WHICH CIBIL IS NOT MANDATORY TO BE DRAWN IN GOVT SPONSORED SCHEMES -2.00 LAKHS

36. PURPOSE OF DEBT SWAPPING -TO PAY OFF DUES OF MONEYLENDERS

37. EXPOSURE IN SHG/JLG AS QUALIFYING ASSETS FOR AN MFI TO QUYALIFY FOR PRIROTY SECTOR LENDING -85%

38. PREMIUM OF CGMSE BY THE TRUST ON – NPA LEVEL

39. CLASSIFICATION OF NPA IN CONSORTIUM - BY THE INDIVIDUAL BANK

40. PROVISION FOR DOUBTFULL ACCOUNT FOR 1 TO 3 YEARS ON SECURED PORTION -40% OF RVS

41. LIMIT NOT RENEWED / ADHOC NOT CLEARED / WHEN SHALL BE NPA -180 DAYS

42. WHAT IS DEBT SECUTERISATION: CONVERTING DEBT INTO MARKETABLE SECURITIES

43. REPLY IN CASE OF BORROWER OBJECT IN SARFESAI ACT NOTICE- 15 DAYS

44. WHAT IS REVERSE REPO RATE – 6%

45. ROI ON CRR GIVEN BY RBI –NIL

46. WHO CAN NOT BE A PARTNER –HUF

47. MAXIMUM COMPENSATION BY OMBUDSMEN ON CREDIT CART – 100000

48. FUNCTION OF ALM – PROTECT NET INTEREST INCOME

A K GUPTA’S BANKERS TRAINING INSTITUTE

(75, Block BG-I, Paschim Vihar, New Delhi 110063; 09350476949; akg.bti@gmail.com)

49.

SPEED CLEARING TIME TO BE PERMITTED FOR OUT STATIONS CHEQUES- 48 HOURS

50.

LLP IS GOVERNED BY- ROC

51.

UNION TERETORY UNDER B REGION – CHANDIGARH

52.

LEGAL POSITION OF NOMINEE – TRUSTEE OF LEGAL HIERS

53.

UN SPENT FOREX BY VISITORS FOR HOW MENY DAYS TO BE SURRENDER –180 DAYS

54.

SPOT TRANSACTION TO BE DONE ON: 3 RD WORKING DAY (A SPOT CONTRACT, SPOT TRANSACTION, OR SIMPLY SPOT, IS A CONTRACT OF BUYING OR SELLING A COMMODITY, SECURITY OR CURRENCY FOR SETTLEMENT (PAYMENT AND DELIVERY) ON THE SPOT DATE, WHICH IS NORMALLY TWO BUSINESS DAYS AFTER THE TRADE DATE)

55.

INTEREST PAID ON SAVING BANK ACCOUNTS - QUARTERLY

56.

PMFBY PREMIUM FOR KHARIF- 2%

57.

AS PER KYC GUIDELINES, WHERE THE CUSTOMER IS A PARTNERSHIP FIRM, THE BENEFICIAL OWNER IS THE NATURAL PERSON(S), WHO, WHETHER ACTING ALONE OR TOGETHER, OR THROUGH ONE OR MORE JURIDICAL PERSON, HAS/HAVE OWNERSHIP OF/ENTITLEMENT TO MORE THAN: 15 PER CENT OF CAPITAL OR PROFITS OF THE PARTNERSHIP

58.

CHANGE OF ADDRESS TO BE INFORMED TO THE BANK - WITHIN 6 MONTH

59.

WHICH IS NOT PERTAINS TO OPERATIONAL RISK - DEFAULT BY THE BORROWER

60.

AADHAR CAN NOT BE DISCLOSED IN PUBLIC

61.

ATM FAILED TRANSACTIONS COMPENSATION TO BE PAID AFTER 7 DAYS - RS100 PER DAY

62.

WHAT IS IFSC CODE – INDIAN FINANCIAL SYSTEM CODE

63.

EXPAND IMPS: IMMEDIATE PAYMENT SYSTEM

64.

WHAT IS THE MEANING OF HOT LISTING ATM CARDS: BLOCKING CARD WHEN IT IS LOST

65.

WHICH IS NOT THE WAY FOR HOT LISTING – BY EMAIL

66.

PENALTY FOR LATES CREDIT IN NEFT: REPO RATE PLUS 2%

67.

HL ABOVE RS.75 LAKH, LTV 75% - RISK WEIGHT WILL BE 75%

SCALE 1 TO 2

1.

Right of guarantor after repayment of loan: Right of Subrogation

2.

Liability of partner in partnership firm: Joint and several

3.

Pari passu charge means: Sale proceeds of security shared among banks in proportion to their

4.

outstanding The mortgage in which rent and profit comes to the mortgagee and possession is transferred to

5.

mortgagee is called: Usufructory mortgage CC account is overdrawn for 9 mths, outstanding is over dp/sanctioned limit, what will be classification of the account – sub standard, doubtful, out of order: Sub standard

6.

Which of the foll wrong about RTI ACT – fee to be paid, can be given in physical/ eform, reason to be mentioned: Reason to be mentioned

7.

Tax saver maximum amount of deposit: Rs 150000

8.

Under NRLM, maximum loan amt that can be given without collateral security: Rs 10 lakh

9.

Operation risk management ; which of the following is not related RCSA,KRI,ORMF,AMA,IMM : IMM (RCSA (Risk Control Self Assessment) is an empowering method/process by which management and staff of all levels collectively identify and evaluate risks and associated controls; A Key Risk Indicator, also known as a KRI, is a measure used in management to indicate how risky an activity is; ORMF – Operational Risk Management Framework; Advanced Management approach; IMM: Internal Models method)

10.

Capital Rs 100; Reserve Rs 200; Undistributed profit – Rs 50; Long term liability – 700; What is debt equity ratio: 2:1

11.

What is Capital gearing ratio?: tool to analyze the capital structure of a company and is computed by dividing the common stockholders' equity by fixed interest or dividend bearing funds.

12.

CURRENT RATIO REVEALS: Liquidity of a firm or ability to pay current liabilities in time

A K GUPTA’S BANKERS TRAINING INSTITUTE

(75, Block BG-I, Paschim Vihar, New Delhi 110063; 09350476949; akg.bti@gmail.com)

13. What is the time limit for accepting award by Banking ombudsman: 30 days from receiving copy of award.

14. Charges for delay in NEFT credit: Repo rate plus 2%

15. What is the limitation period for demand loan for which demand promissory note was obtained: 3 years from date of DPN

16. Rbia stands for: Risk based internal audit in a bank

17. In educational loans, guarantee cover is available for loans upto: Rs 7.5 lac

18. EEFC opened by resident jointly with resident, what is operation condition: Former or Survivor (Resident individuals are permitted to include resident relative(s) [as defined in section 2(77) of the Companies Act, 2013] as joint holder(s) in their EEFC account on 'former or survivor' basis).

19. For demat, when Pan no is required: In order to enhance “Know Your Client” norms, the Securities and Exchange Board of India has made Permanent Account Number (PAN) mandatory for opening demat accounts on or after April 1, 2006.

20. A cheque was made from Bearer to order by striking the word bearer and this alteration is not confirmed by drawer. What should the bank do: Bank not liable if paid in due course.

21. Banks can offer differential rate of interest in sb accounts over what amount: Rs 1 lakhs

22. A person cannot have more than one BSBD Accounts. All other savings accounts in that bank should closed within what time: 30 days of opening BSBDA.

23. Standing instruction relation of bank and customer: Agent and Principal

24. Cersai has been created as per provisions of which of the following – BR Act, IBA rules, RBI guidelines, Sarfaesi Act: Sarfaesi Act

25. In case of loan given by more than one bank under a consortium, how the asset classification is done by various banks?: Each bank will classify the account based on its record of recovery

26. Cash Reserve Ratio is maintained as per provisions of which Act?: Section 42 (1) of RBI Act.

27. When a company requests for numerous cheques for various transactions, to whom all it is to be reported/informed ---FIU IND, RBI, home ministry, finance ministry: FIU IND (Suspicious transactions are reported to FIU. Transactions may include Unusual or unjustified complexity; No economic rationale or bonafide purpose; Source of funds are doubtful; Appears to be case of insider trading; Investment proceeds transferred to a third party; Transactions reflect likely market manipulations; Suspicious off market transactions

28. 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 and service enterprise with investment in equipment more than Rs 5 Lakh: 8 TH Class pass

29. Bank credit to Micro Finance Institutions (MFIs) extended for on-lending to individuals will be eligible for categorisation as priority sector advance under respective categories provided not less than 85 percent of total assets of MFI (other than cash, balances with banks and financial institutions, government securities and money market instruments) are in the nature of “qualifying assets”. For this purpose, a “qualifying asset” shall mean a loan disbursed by MFI, in which tenure of loan is not less than 24 months when loan amount exceeds: Rs 30,000/-

30. How does a BC function-- biometric machine, atm , credit card, debit card: Biometric machine

31. What is BEP: Level of sales at which there is no profit or loss; cost equal to revenue

32. Customer has deposited money for specific purpose. What is the status of bank?: trustee, debtor, creditor, lessor: Trustee

33. Atal pension yojana is discontinued if defaulted payment more than: 12 months (If default in payments, then deduction would be made in the subscribers account for account maintenance charges and other related charges on a periodic basis. Once the account balance in the subscriber's account becomes zero due to deduction of account maintenance charges, fees and overdue interest, the account would be closed immediately. If there's a continuous default for 6 months, pension account will be freezed and if there's a continuous default for 12 months, the account will get closed and whatever balance is left after the above said deductions will be given to the subscriber. For delayed contributions a penalty of Rs. 1 per month for contribution of every Rs. 100, or part thereof, for each delayed monthly contributions.

A K GUPTA’S BANKERS TRAINING INSTITUTE

(75, Block BG-I, Paschim Vihar, New Delhi 110063; 09350476949; akg.bti@gmail.com)

34. Collecting banker protection under which section: Section 131 of N I Act

35. If Paying banker can’t detect material alteration as it is not visible & cheque is paid, what will happen?: Bank gets protection under section 89 of N I Act

36. BASEL iii implementation by what date: 31.03.2019

37. What is not domain of ALCO—INTEREST RATE RISK, LIQUIDITY OF FUNDS, NIM, BUDGET ACHIEVEMENT,NONE OF THESE: Budget achievements

38. RTGS payment under which act – PSS, IBA, NI, RBI: Payment and Settlement Systems Act

39. Penalty to be paid per year for revival of sukanya samriddhi account: Rs 50 per year (A minimum of Rs.1000/- must be deposited in a financial year. Where minimum amount of Rs. 1000/- a year has not been deposited then such irregular account may be regularised on payment of a penalty of fifty rupees per year.

40. SARFAESI eligible if outstanding including interest is more than what amount: Rs one lac

41. BC implemented by which committee recommendation: H R Khan Committee

42. Cgtmse cover for micro units for loans up to Rs 5 lakh: 85% of the amount in default

43. Limitation period for filing suit under sec 138 when the chq is returned—3yrs from dt of demand, 15dys, one month by refusal: One month from date of cause of action

44. Letter of administration is required when: If someone dies intestate before administration of estate is entrusted to someone or when no executor is appointed under the will of deceased or when executor is appointed but he refuses to act, then Letters of administration may be issued to entitle the administrator to all rights required for effective administration of the estate of deceased.

45. Life cover under PMJDY for eligible accounts: Rs 30,000

46. DPG is what type of guarantee- bid bond, performance, financial: financial

47. Treasury bills can be issued upto how many days: 364 days

48. Standby letter of credit is same as: Bank Guarantee

49. Weavers mudra loan: Cash credit limit up to Rs 5 lakh. The Weaver MUDRA scheme facilitates margin money of up to Rs 10,000.

50. Joint SB account of A and B , POA to C, information received by Bank that B dies, chq signed by C comes. What will you do—return chq as POA not valid anymore, pass after taking sign of A, pass after getting confirmation from A: Return the cheque as one of the principals have died

51. CURRENT account of a company account operated by Financial Director, he dies: Pass the cheque if otherwise in order.

52. Accrual concept means: Considering the income and expenses when these become due and not waiting for actual receipt or payment

53. Women SHG what is the interest subvention for 2016 -17 for PNB if ROI is charged upto 7%: 4.5%

54. In FD amount not to be paid in cash if principal and interest is: Rs 20000 or above

55. Low risk account updation once in how many years: once in 10 years

56. Long term sources – Rs 1500; long term uses – Rs 1200; Total assets – 2500; Find NWC: LTS minus LTU – Rs 300

57. Cheque returned due to insufficient funds. Within how many days drawer has to make payment before any action is initiated under 138: 15 days

58. For enforcing right under SARFESAI Act, in the case of consortium advances, consent of which bankers is required?: consent of 60% bankers by value is required

59. What is the maximum amount of Guarantee cover under CGFT scheme?: Rs 1 crore ( earlier max Rs

50 lakh)

60. What is the maximum amount of loan covered under CGSMSE?: Rs 2 crore

61. DD more than 20,000 to be crossed as per which act?: As per RBI guidelines issued under section

35 A of BR Act.

62. Internal ombudsman to csso as per which committee recommendation: As per Damodaran Committee (On the recommendations of the Damodaran Committee, PNB appointed Chief Customer Service Officer (CCSO) to act as Internal Ombudsman (IO) for ensuring that the minimum number of cases get escalated to the Banking Ombudsman (BO). Max amount of Award by IO in PNB : Rs

50,000

A K GUPTA’S BANKERS TRAINING INSTITUTE

(75, Block BG-I, Paschim Vihar, New Delhi 110063; 09350476949; akg.bti@gmail.com)

63. Rtgs customer time ends at: 16.30 PM; IDL Reversal 19:45 hours - 20:00 hours; End of Day 20:00 hours

64. What is noting in NI act: Recording the fact of dishonour of Bill by Notary public

65. Why registration of partnership is required: Unregistered firm cannot file a suit for recovery of its debt.

66. Cgtmse cover is available for loans in MSME upto what amount: Rs 2 crore ( Max claim Rs 1 crore)

67. For restructured housing loan , addl RW required is: 25%; Restructured housing loans should be risk weighted with an additional risk weight of 25 per cent to the risk weights.

68. Clean note policy of rbi-notes should not be stapled, sorted as issuable/ nonissuable, no noting on the currency notes: All of these

69. Turnover of a msme company is 200 lakhs last year and 300 projected for next year, max working capital limit can be permitted is: 60 lakh

70. After return to India upto what amount can be retained without conversion beyond 180 days: USD

2000

71. Pmfby indemnity based on high, moderate, low risk is: 70%; 80%; 90% (Pradhan Mantri Fasal Bima

CCE based yield data will be

submitted to insurance company. Three levels of Indemnity, viz., 70%, 80% and 90% corresponding

Yojana (PMFBY) aims at supporting sustainable production

to high, moderate and low risk level of the areas shall be available for all crops.

72. Safe custody article under which act: Indian Contract Act

73. Party wants to purchase goods worth 30 lakhs and payment in 10 months which type of LC is suitable -- DA LC

74. When counterfeit notes are received upto notes we have to report at month end: up to 4 in one deposit; For 5 & above FIR to be lodged.