CZC Bhopal - Study Material 2019

BHOPAL DATE : 08-04-2019
Dear Comrades,
Booklet for Officers’ Test

A Unique & Innovative Step
It is a matter of immense pleasure for me to know that, like every year this
year too, Central Zone Committee, All India Oriental Bank Officers’
Association, is publishing ‘the Study Material 2019’ for the forthcoming
officers’ Tests. It is a wonderful creation compiled with utmost precision and
perfection with a definite purpose for the benefit of our members.
The subject matter of the booklet is a rare collection and compilation of

information for the sole purpose of forthcoming officers’ tests and interview.
I am confident that the booklet will prove to be highly useful to the candidates
appearing for the test and interview. I heartily congratulate the entire team of
Central Zone Committee for presenting this booklet and wish them success in
all such endeavours in future.
I wish the aspiring candidates all the success
Yours Comradely,
(D. K. Pauddar)
President, MPBOA
All India Oriental Bank Officers’ Association (Study Material for Promotion– 2018) (updated till 31.03.2018) 2
CENTRAL ZONE COMMITTEE – (AIOBOA)
C/O Oriental Bank of Commerce

Circle Office: Bhopal
__________________________________________________________
BHOPAL/2019/ 08.04.2019
Dear Comrades,
Study Material – Promotion Test 2019
We are pleased to present the Study Material for the upcoming test and interview. The contents
included in the booklet finds a wide coverage of latest/ current as well as basic banking know how.
This presentation in booklet form is going to help the candidates in updating their knowledge as well as
for facing the written exam/interview for promotions with confidence.
We look forward to the best use of this booklet in your hand so that the purpose of the Association is
fulfilled and your progress remains unhindered. Although we have taken due care while compiling this
booklet, members are advised to refer the different relevant guidelines issued from time to time.
We wish the aspiring candidates all the success.
With best wishes,
Yours comradely,
B.C. Paunikar Sanjay Verma
General Secretary President
Our beloved institute OBC Zindabad

Workers unity Zindabad
INDEX
Sl. Page
TOPIC
No. No.
1 Important Points From Circulars 05
2 Important MCQs – Bank’s Deposit Schemes 24
3 Important MCQs – IT & DBD 38
4 Important MCQs – MSME CREDIT 49
5 Important MCQs – Recovery & Law 66
6 Important MCQs – Retail Credit 69
7 Latest – Whos Who 72
8 Interim Budget - 2019 77
9 Important MCQs – General & Financial Awareness 84
10 Important Recollected Questions 95
IMPORTANT POINTS FROM BANK'S CIRCULARS
1. REVISED LOAN APPRAISAL FORMAT (LF-81) TO BE USED FOR CREDIT PROPOSALS WITH
AGGREGATE CREDIT FACILITIES (FB+NFB) ABOVE ` 10.00 LACS AND UPTO ` 1 CRORE (Including All
MSME Loan above `10.00 Lac to `2.00 crore) (excluding Retail/ Agriculture/ schematic lending with specific
format of appraisal) ( CIRCULAR No. HO/ RMD/133 /2018-19/970 DATE: 19.03.2019)
2. REVISED LOAN APPRAISAL FORMAT (LF-82A) TO BE USED FOR CREDIT PROPOSALS WITH
AGGREGATE CREDIT FACILITIES (FB+NFB) ABOVE ` 1 CRORE TO UPTO ` 10 CRORE (excluding Retail/
Agriculture/ schematic lending with specific format of appraisal) CIRCULAR No. HO/ RMD/ 130 /2018-19/ 953
Date: 16.03.2019
3. ATAL PENSION YOJANA: UPGRADE/ DOWNGRADE OF PENSION AMOUNT

HO/BO/GBC-APY/76 /2018-19/966 Date: 14.03.2019) - Recovery/Refund of differential amount for Pension
Upgradation/Downgradation: If subscriber wants to upgrade the pension amount, he will be required to pay the
differential amount as the lump-sum payment alongwith the Overdue Interest. The differential amount to be paid
by Subscriber will be arrived based on 8% interest (compounded monthly) calculated on the difference in the
contribution amount for each month. The subscriber would be required to pay the differential amount alongwith
interest. In case of downgrade requested by the subscribers, the excess amount will be refunded to the
subscribers by NSDL directly in to SB account linked with APY. ATAL PENSION YOJANA: UPGRADE/
DOWNGRADE OF PENSION AMOUNT Modification for FY 2019-2020 For the FY 2019-2020, PFRDA shall
open the window for change in pension amount in next month i.e. April 2019. Since the modification window
remains open only for one month i.e. April. Therefore it has been decided to accept applications from 20.03.2019
onwards so that sufficient time may be provided to the subscribers for submission of change request form.
However modifications for pension amount shall be done in the month of April 2019 only after modifications
enabled in system by NSDL.
4. UTILITY FOR ONLINE SUBMISSION OF OTS OFFER AND TRACKING BY NPA BORROWERS ON THE
BANK’S CORPORATE WEBSITE (CIRCULAR NO. HO/R&L/2018-19/40/967 15th March, 2019) As per the
RBI guidelines a customer friendly web based utility for online submission of OTS offer and also online tracking of
the OTS offer by the NPA borrowers of the bank has been hoisted on the corporate website of the bank with the
name Online OTS (One Time Settlement) under the Apply Online Tab
(https://www.obcindia.co.in/module/ots_settlement-application-form). Herein only NPA borrowers of the bank
willing to settle their account can place an OTS offer and can also track the status of their placed OTS offer.
Tracking of the OTS facility is available only for those borrowers who have placed their OTS offer online.
5. GUIDELINES ON OBTAINING AUTHORISATION LETTER FROM BORROWER / GUARANTOR FOR
ACCESSING INFORMATION FROM INCOME TAX AND OTHER AUTHORITIES ( CIRCULAR NO. HO/RMD/
132 /2018-19/ 959 Date: 15.03.2019)
1. Undertaking/ Authorisation letter is to be obtained in all credit facility on plain paper / letter head from new as
well as existing borrower / guarantors of the bank, while sanctioning the loan.
2. These letters be obtained alongwith Loan application as independent document in order to be able to provide it
separately to the appropriate authorities, if need be.
3. Undertaking/ Authorisation letter should be made part of :
4. The copy of said authorisation letter alongwith Bank’s request letter may be submitted to concern authority /
agency within 7 days from the sanction of credit facility to cross check the information / documents submitted by
the borrower / guarantor. Thereafter proper follow up be made by the concerned Branch with concerned authority
for its logical end.
6. RESTRICTION ON ISSUANCE OF CHEQUE BOOK FOR CURRENT A/C (Circular No. HO/CS&P/48/2018-
19/950 13th March, 2019) - Circle Head shall have power to relax the restriction of issuance of cheque
book in current account where number of unused leaves issued after 01-04-2018 are more than 50 &
above and in case of continuous stationery the unused leaves issued are more than 500 & above.
7. 7. EDUCATION LOAN FOR COMMERCIAL PILOT AND AIR HOSTESS COURSES ( HO: Retail:46:2018-
19/946 Dated: 08.03.2019)- CRMC committee in its 195th meeting dated 08.02.2019 vide agenda no. 16
has approved that Education Loan for Commercial Pilot Licenses and Air Hostess will fall under the
powers of HLCC-GM but field functionaries will be empowered to sanction Education Loan for Air
Hostess upto Rs.4.00 lacs with mandatory coverage of GLPP within their discretionary powers.
8. 8. RUPAY INSURANCE COVERAGE PROGRAM 2018-19 (Circular No. HO/DBD/ATM/29/2018-19/935/19
05.03.2019)- Our Bank is issuing two types of RuPay Cards viz. RuPay Classic (Non-Premium Cards) and
RuPay Platinum (Premium Cards). The Non Premium Cards include RuPay Domestic, RuPay Mudra,
RuPay Jan Dhan, RuPay Pungrain & RuPay Kisan and Premium Cards include RuPay Platinum
(Domestic) & RuPay Premium (International). As a value added service, NPCI has been offering insurance
cover of 1 Lakh for Non-Premium Cards and 2 Lakh for RuPay Premium Cards (Accidental Death or
Permanent Total Disablement only) to eligible RuPay Cardholders.. NPCI has extended the said RuPay
Insurance Program for FY 2018-19 vide Circular No. RuPay/2018-19/003 dated 05.04.2018. The policy
number for Insurance Program 2018-19 is 14230042180100000011
9.Service Charges: Revision in NEFT Service Charges (HO/CS&P/46/2018-19/934 05th March, 2019)
NEFT Charges
Existing Revised (w.e.f. 01.04.2019)
NEFT Inward NIL NIL
Transaction Slab Charges Transaction Slab Charges
Upto ₹2000/- Free Upto ₹ 10,000 ₹ 2.50

Above ₹2001/- to ₹10/- Above ₹ 10,000 up to ₹5/-
*NEFT outward ₹1 Lac ₹ 1 Lac
Above ₹1Lac to ₹15/- Above ₹1Lac to ₹15/-
₹2 Lac ₹2 Lac
Above ₹2Lac ₹25/- Above ₹2Lac ₹25/-
* The charges are exclusive of applicable taxes
10. HURDLE RATE- INTERNAL CREDIT RISK RATING (HO/ RMD/ 124 /2018-19/ 925 DATE: 01.03.2019)
1. In view of the fact that borrowers with internal rating OBC- 7 to OBC- 10 are considered as high risk assets it has been
decided that Hurdle rate for internal credit risk rating shall be OBC-6.
2. Fresh credit exposure to new borrower having internal credit risk rating grades below hurdle rate i.e., OBC-7 to OBC-
10 shall not be permitted.
3. Enhancement /Additional facility to existing borrowers rated below hurdle rate shall be considered as under:
Particular Delegated Authority
Credit Facility upto the power of HLCC-ED HLCC-ED
CAC/MCB Respective Sanctioning Authority
11 REVISED BANK’S POLICY GUIDELINES FOR ISSUING AND PARTICIPATING IN INTER BANK PARTICIPATION
CERTIFICATES ( HO/ RMD/ 127 /2018-19/ 928 DATE: 02.03.2019)
1. Existing vis-à-vis revised guidelines are as under:

Existing guidelines Revised Guidelines
Eligibility under Inter-Bank participation with risk sharing
 Only those accounts which are  No Change

‘Standard’ assets with the issuing bank
with no overdue in relation to principal/  No Change
interest/ other charges.
 External rating should not be below  No Change
‘BBB’/A3 or equivalent as per Basel III
norm,  The respective sanctioning authority
 Internal Credit Risk Rating should not (presently HLCC-ED and above) may
be below OBC 5 (i.e. accounts with consider waiver of internal credit risk
Internal Credit Risk Rating of OBC 1 to rating on case to case basis.
OBC 5).  IBPC proposals with rating ‘A and above’
 Not mentioned shall be exempted from placing to NBG in
view of short term nature of IBPC.
 Not mentioned  No Change
 The Bank shall not participate in any

externally unrated account.
12. GUIDELINES ON OBTENTION OF LEGAL OPINION/ NEC AND VETTING OF LOAN DOCUMENTS (HO/ RMD/ 125
/2018-19/926 DATE: 01.03.2019)
1 Existing vis-à-vis revised guidelines are as under:
SN Existing Guidelines Revised Guidelines
A Obtention of Two Legal Opinion/ NEC
A1 Format of NEC Revised Format of NEC is attached as Annexure.
B Vetting of Loan Documents
B1 Vetting of Documents from Legal Retainer in Case of Accounts Under Consortium
Arrangement
The Bank shall obtain the photocopies of Where mortgage has been created/ original title deeds
loan documents (from the Lead Bank or are held with other Bank, the Bank shall obtain certified
the Security Trustee) and shall keep the copy of all documents, Title Deeds, Legal vetting and
same on record. shall keep the same on record.
The Bank shall also obtain a certified
copy of the vetting certificate given by the
advocate of the Lead Bank.
B2 Not mentioned Whenever vetting certificate is given by the Panel

Advocate/ Legal Retainer / Law Officer and any
observation has been mentioned, the said observation
should be complied with and there should be no
requirement of re-vetting certificate of the concerned
Panel Advocate/ Legal Retainer / Law Officer.
13 'KRISHAK SATHI SCHEME' FOR FINANCIAL INCLUSION OF THE FARMERS INDEBTED TO NON
INSTITUTIONAL LENDERS( AgriBusiness & FI:82:2018-19:912 26/02/2019)
Particulars Guidelines
Objective To repay the loan taken by the farmers from non-institutional lenders i.e. moneylender for
redeeming land mortgaged or jewellery/other
Eligibility
 All farmers including tenant cultivators & oral lessees /agriculture laborers /non-farm laborers
/rural artisans/rural service providers indebted to non-institutional lenders.
 Preferences will be given to small & marginal farmers whose land is mortgaged or animals or
equipment pawned with private moneylenders.
 Another category of preferential borrowers under the scheme would be those who suffer
forced labor or bonded labor to pay off or in lieu of their debt.
 Indebted woman headed household shall be accorded top priority for financing under the
scheme.
 Such farmers have to satisfy Branch Incumbent about their indebtedness from money lenders
and
 They should not be defaulter to any bank/financial institution
 Note: This help is available to farmers only on the condition that they will not create
fresh debts with moneylenders.
Identification Besides their own sources, the branch Incumbents may take help of BC/BF, farmers' club, SHGs
formed by the bank in the area for proper identification of eligible farmers. The applicant shall submit
Affidavit
Discretionary power As per General delegated power chart circulated by RMD from time to time.
Documentation As per Bank’s manual of advances
Classification of The finance made under the scheme may be classified under Agriculture for farmers and
Advance priority sector others for other than farmer as per the RBI guidelines circulated from time to
time.
Deviation Authority GM-AB&FI shall be the authority for allowing any scheme related deviation or relaxation.
MIS Codes Purpose of Advance:
LOAN TO DISTRESSED FARMER INDEBTED TO NON-INSTITUTIONAL LENDERS
Scheme Code : TL751
Free Code 10 : AG-71
NABARD Refinance NABARD will provide refinance assistance to the financing banks to the extent of 80% of the
loans redeemed from the non – institutional sources. As the refinance is centralized at HO as
such the refinance shall be obtained at Head office level only.
Rate of interest on refinance is decided by NABARD from time to time.
Publicity The Branches/MSME cluster offices shall take adequate steps to publicise the scheme in their
area through farmers' club, SHGs, local newspapers and audio-visual media etc.
Monitoring Circle Offices will monitor the progress on monthly basis and ensure that scheme is
implemented in right earnest by the branches/clusters.
Other Conditions 1. The Crop loan requirements of the farmers have also to be met by the financing branch
separately, as per need.
II. Branches shall educate the farmers not to fall in clutches of the moneylenders again
14 Guidelines for disbursing and validating margin money Claims of 2nd loan of PMEGP/MUDRA units ( HO: AB &
FI : 85 :2018-19:919 Dated: 26.02.2019)
1. As per the guidelines, the financing office will claim the margin money subsidy through PMEGP online e-portal after
sanction and disbursement of first installment of the loan as per the existing guidelines of PMEGP.
2. Separate online module for submission of applications for 2nd dose of loan by the successful PMEGP/MUDRA
Entrepreneurs has been made available on the existing PMEGP e-portal. In order to process the applications for 2nd loan
for upgradation of PMEGP/ MUDRA units, the following guidelines are issued for compliance:
Role of Implementing Agencies: The following parameters are to be verified at the level of the Implementing Agencies
before the claims are recommended.
a. All existing units financed under PMEGP/MUDRA Scheme running successfully whose margin money claim has been
adjusted and the first loan availed should have been repaid in stipulated time.
b. The unit should have been making profit for the last three years.
c. Beneficiary may apply to the same financing bank, which sanctioned the loan for their unit, or to any other financing
bank, which is willing to extend credit facility for second loan.
d. Registration of Udyog Aadhar Memorandum (UAM) is mandatory.
e. Negative list of activity.
f. The 2nd loan should lead to additional employment generation.
15 CHANGE IN DEFINITION OF BULK DEPOSITS & INTEREST RATES ON DOMESTIC TERM DEPOSITS
(INCLUDING NRO DEPOSITS) W.E.F. 27.02.2019 ( HO/CS&P/45/2018-19/907 February 26, 2019) - As per the new
definition “Bulk Deposit” means: - Single Rupee term deposits of Rupees Two crore and above for Scheduled
Commercial Banks (excluding Regional Rural banks) and Small Finance Banks.
Therefore, henceforth, the Bank shall offer same card rates to all prospective customers on term deposits below Rs. 2.00
crore. The permission to offer differential rate of interest for the deposits of the same maturity will be applicable to Bulk
Deposits of Rs.2.00 crore and above.
Accordingly, the interest rates on Domestic Term Deposits (Including NRO Term Deposits) of below `1 crore for various
maturity buckets effective from 14.01.2019 shall now be applicable for Domestic Term Deposits (Including NRO Term
Deposits) of below `2 crore for various maturity buckets w.e.f. 27.02.2019
16. ORIENTAL KISAN TATKAL SCHEME (HO: AgriBusiness & FI:80:2018-19:910 26/02/2019)
Purpose An instant credit for farming community to meet the emergency requirements for agriculture and domestic
purposes for tiding over temporary difficulties like Medical emergencies, repair of accidented tractors, repair of
burnt motor winding, sickness of animals, case specific re-sowing of crops, etc.
Eligibility Individual farmers /joint borrowers (not exceeding 4 farmers) who are existing Kisan Credit Card (KCC) holders
having satisfactory track record of at least two years.
Type of Loan It shall be single transaction Term loan limit Loan repayable within 3 years
Quantum of Minimum limit: Rs. 1000/- and Maximum limit: Rs. 50000/-
loan/Ceiling (Subject to ceiling at 50% of KCC limit or 25% of annual income)
Margin Nil
Security Existing security/ies obtained for KCC to be continued, i.e., extension of charge over the existing security.
No additional securities is to be obtained even if the combined exposure (KCC plus proposed Kisan Tatkal
Scheme) exceeds the present cut-off ceiling of Rs. 1 lakh
Rate of Interest For loan limit up to Rs. 25,000/- - MCLR+1% (without interest subvention)
For loan between Rs. 25,001/- & Rs. 50,000/- - MCLR+1.50% (without interest subvention)
Intimation of The Borrower shall be deemed to have notice of changes in the rate of interest whenever there are changes in
Change in MCLR either increase or decrease by display of MCLR on the website of Bank/Notice Board of the Branch or
Interest Rate: published in news papers or made through entries of the interest rate charged in the passbook/statement of
account furnished of the borrower and the borrower is liable to pay such revised rate of interest. A condition
clause to this effect be also incorporated in sanction letter.
Penal Interest As per guidelines of RBI.

Upto loan amount Rs 25000/- - Nil
Above loan amount Rs 25000/- - 2%
Application and As per activity wise term loan documents.
Documentation
Processing and Upto Rs. 25000/- Nil
other charges Above Rs.25000/- as applicable to agricultural term loan
Repayment In suitable instalments (Half Yearly/yearly) coinciding with overall income generation of the farmer, within 3 years.
Post- sanction Minimum Half yearly farm visits, as applicable to KCC limits.
monitoring &
follow up
Discretionary As per General delegated power chart circulated by RMD from time to time.
power
Classification of Priority –Agriculture-Farm Credit
Advance
Asset Since it is essentially granted as post harvest facility to provide liquidity to farmers, the ‘Crop season’ delinquency
classification norm / NPA classification norm will be applicable for asset classification.
Deviation GM-Agribusiness shall be the authority for allowing any scheme related deviation or relaxation.
Authority
MIS Codes Scheme Code : TL751
Free Code 10 : AG56
17. ORIENTAL SCHEME FOR FINANCING AGRICULTURE LAND PURCHASE (AgriBusiness & FI:81:2018-19:911 26/02/2019)
Objective To make the small and marginal holdings economically viable.
To bring fallow and wasteland under cultivation.
To step up agricultural production and productivity.
To finance the share croppers/tenant farmers to purchase land to enable them to increase their income.
To help farmers to diversify their present activities and also to take up allied activities
Purpose The scheme aims to providing term loan to small/marginal farmers including share croppers/tenant cultivators to
purchase agricultural land as well as fallow and wasteland to develop and cultivate it with a view to increasing
production/productivity
Eligibility Small and marginal farmers i.e., those who would own maximum of 2 hectare land including the land to be
purchased.
Share' croppers / tenant farmers cultivating upto 2 hectare.
The total land holding of the borrower after the purchase of the land under the scheme should not exceed 2
hectare or equivalent.
Quantum of It will depend on the area of the land to be purchased, its valuation and development cost. However, t
Loan he amount of loan under the scheme shall be a Maximum of Rs.10.00 lakh
Nature of Term Loan
Loan
Margin Loan Amount:
Up to Rs.100000/- NIL
Above Rs.100000/- 15%.
MSME Clusters/ Circle Head Can reduce the margin upto 10%.
Note: where advance subsidy is available, the same should be treated as margin and no further margin money
should be stipulated unless subsidy falls short of requisite margin
ROI Up to Rs. 5.00 lac - MCLR+1.00%
Above Rs. 5 Lac - MCLR+2.00%
Security The land purchased out of the bank finance will be mortgaged in favour of the bank as security for the loan. The
Bank’s Legal Advisor will suitably draft Sale/Purchase deed.
Intimation of The Borrower shall be deemed to have notice of changes in the rate of interest whenever there are changes in
Change in MCLR either increase or decrease by display of MCLR on the website of Bank/Notice Board of the Branch or
Interest Rate published in news papers or made through entries of the interest rate charged in the passbook/statement of
account furnished to the borrower and the borrower is liable to pay such revised rate of interest. A condition clause
to this effect be also incorporated in sanction letter.
Penal 2% Penal interest shall be charged over the normal rate on the overdue amount and for the period of overdue
Interest
Processing As per RMD circular issued from time to time.
Fee,
Documentati
on fee,
Inspection
charges
Valuation The valuation of the land for fixing the quantum of finance, the price indicated by the farmers may be cross
checked with the last three years average registration value available with the Registrar/Sub-Registrar (Revenue)
of the area and a final view be taken by the bank
Finance for The stamp duty levied on transfer of property by way of sale is quite high and differs from state to state. Which
Stamp Duty would require additional funds that farmers may not be able to fund. Therefore cost of stamp duty as applicable in
each case may be included in total project cost and considered for finance.
Repayment Loan is repayable in 7-12 years in half yearly/yearly installments including a maximum moratorium period of 24
Period/ months. The moratorium period may be fixed taking into account the gestation period of the project and expected
Gestation cash flow. The branches should satisfy themselves that the borrower(s) will have adequate income surplus from
period their production activities on the land being purchased and other income to repay the bank loan with interest and
the repayment period may be fixed accordingly
Disbursemen Disbursement of loan should be made only for the purposes indicated in the project for purchase of land. Payment
t of loan amount should be made to seller through Demand Draft in presence of concerned Registration Authority of
Revenue Department. Sale Deed should be duly witnessed by atleast two persons
Techno – Although financial assistance under this scheme will be provided only to small and marginal farmers as stated in
Economic eligibility clause given above, it will be necessary to make proper appraisal of the project proposed to be carried
Appraisal of out by the applicant so as to ensure that the project is technically feasible and economically viable and will yield
Project: sufficient income to enable him/her to repay Bank loan within the stipulated period
Discretionary As per delegated power chart circulated by RMD from time to time
power
Documentati As per Bank’s advances manual

on
Classificatio The finance made under the scheme may be classified under Agriculture as per the guidelines of RBI circulated
n of Advance from time to time
Deviation GM-Agribusiness shall be the authority for allowing any scheme related deviation or relaxation
Authority
MIS Codes Borrower Category- AGRMF or AGRSF
Purpose of Advance: PURCHASE OF AGRI LAND BY SMALL/ MARGINAL FARMERS
Scheme Code : TL751
Free Code 10 : AG51
Loans for With a view to encourage women to own land, as it would help in their empowerment, 30% of the loans be
women extended to women borrowers under the scheme
NABARD NABARD would provide 90-100% refinance to banks for the loans disbursed by them for purchase of land under
Refinance the scheme broadly on the same terms and conditions as applicable to schematic finance
General i) Applicant farmers may be encouraged to purchase the land within the village boundary or in a radius of 3 to 5
Kms. from the existing land owned by them
ii) Whenever farmers avail themselves of loans for purchase of virgin land, they must be encouraged to develop
the land and put the same under cultivation without any delay.
(iii) Wherever land development involves digging of open wells/drilling of bore wells, the possibility of getting
electricity supply on priority basis may also be examined.
(iv) Whenever farmers are financed for purchase of unirrigated land, the farmers should be encouraged to go in for
suitable crop like horticulture/plantation crops depending upon the climatic conditions and also take up activities
like dairy, poultry, etc. to supplement their income.
(v) The scheme aims at boosting the production and productivity of land purchased. The finance provided by the
bank should not result in acquisition of land for investment and encashing on rising prices of the land.
(vi) During the period of the loan the farmer is not expected to sell the land.
(vii) In certain states/regions state governments have imposed restriction on sale/purchase of agricultural land (e.g.
Tribal belt, SC/ST hill areas etc.) Branches may act in accordance with the state laws.
(viii) Complete details of the project of the farmers should be obtained by the bank while considering finance for
purchase of land.
18. Scheme for Financing to Green House / Poly house AgriBusiness & FI:84:2018-19:914
26/02/2019
Particular Revised
Financial assistance can be given for:
(i) Construction of Green House / Poly House
(ii) Purchase of equipments/machinery
(iii) Purchase of inputs and to meet other day to day expenses
Purpose (iv) Post harvest operations and marketing
Financial assistance can be given for:
(i) Construction of Green House / Poly House
(ii) Purchase of equipments/machinery
(iii) Purchase of inputs and to meet other day to day expenses
(iv) Post harvest operations and marketing
Eligibility Loans to individual farmers, including Self Help Groups (SHGs) or Joint Liability Groups (JLGs), corporate
farmers, farmers' producer organizations / companies of individual farmers, partnership firms and co-
operatives of farmers directly engaged in Agriculture and Allied Activities.
The Green House / Poly house should be constructed on own land
Nature of Loan Term Loan: Construction of green house / poly house, purchase of equipments, machineries etc.
(Scheme Code : TL751 / TL752)
Working capital: To meet out daily expenses necessary to run the farm such as purchase of inputs,
labours, post harvest operations etc. (Scheme Code : OD504)
Quantum of loan Need based.
The project report submitted by the applicants should be scrutinized thoroughly.
Quantum of loan will depend on the unit cost with applicable margins.
Model The cost of construction of Poly house / Green House varies from place to place, types of Green house /
Economics Poly house, crops selected. So, Model economics given are only indicative in nature.
We hereby giving the indicative economics of two crop viz. Capsicum (Annexure A) and Rose
(Annexure B) for unit size of 1000 Sq. meters (as per Ministry of Agriculture, GOI).
shall be appraised based on cost / scale of finance worked out by District Horticulture office / National
Horticulture Board.
The indicative economics of various crops under Green House / Poly house are available at the website
of National Horticulture Mission (NHM).
The important points to be considered while constructing / financing Green House / Poly house is
attached as Annexure C
Margin Up to Rs. 1,00,000/- Nil
Over Rs. 1,00,000/- 15%
However, the Cluster Head/Circle Head may reduce the margin to 10% in deserving case
ROI Priority Sector – Agriculture
Up to 25 lac – MCLR+0.50%
Aboe 25 lac to 2.00 Crore – MCLR+1.50%
Non Priority Sector – Agriculture – MCLR+2.50%
Note – The ROI is applicable as per aggregatge exposure under the scheme.
19. New Agricultural Marketing Infrastructure Sub Scheme of Integrated Scheme for Agricultural Marketing
(ISAM) Agri Business & FI: 76:2018-19:903 21/02/2019
Purpose For creation of scientific storage capacity viz. godowns, dry warehouses, silos
For development/upgradation of farmer-consumer market/Rural Haats as GrAMs:
Infrastructure for development/upgradation of Rural Haats/RPMs as Grameen Agricultural Market
may comprise common facilities viz. platforms, sheds, drying facility (solar/normal), electronic
weighing scale, assaying equipments, Computer IT equipments with internet connection, Godown,
cold room, deep freezer/ Zero energy freezer, pack house, ripening chamber, information boards
(electronic/non-electronic), de-sheller, Grain cleaner, specific gravity separator, Mini Dal mill, Mini
Oil expeller, Mini rice huller etc.
Branches/Clusters may refer to the Operational Guidelines circulated vide Circular No:
HO/AB & FI/69 /2018-19/822 dated 28.01.2019 for eligible activities
and infrastructure in detail
Eligibility 1: For creation of storage infrastructure (Capacity 50 - 5000 MTs) and Non- storage
infrastructure:
Individuals, Group of farmers / growers, FPOs/FPCs registered under respective companies
Act/cooperatives societies Act/ societies registration Act (with minimum 50 number of farmer
members); Partnership/ Proprietary firms, Companies, Corporations; Non Government
Organizations (NGOs), Self Help Groups (SHGs); Cooperatives, Cooperative Marketing
Federations; Autonomous Bodies of the Government, Local Bodies, Panchayats; State agencies
including State Government Departments and autonomous organization / State owned
corporations such as Agricultural Produce Market Committees & Marketing Boards, State
Warehousing Corporations, State Civil Supplies Corporations etc.
2: For creation of storage infrastructure (Capacity 50 – 10,000 MTs):
State agencies including State Government Departments and autonomous organization / State
owned corporations such as Agricultural Produce Market Committees & Marketing Boards, State
Warehousing Corporations, State Civil Supplies Corporations etc.
3: For development/upgradation of farmer-consumer market and Rural Haats/RPMs:
State Govt. or State Govt. agencies nominated by State Govt. for village haat owned/managed by
Panchayats, APMCs/RMCs, FPOs/FPCs registered under respective companies Act/cooperatives
societies Act/ societies registration Act (with minimum 50 number of farmer members), State
Agencies, farmers, Individual, Trustee etc.
Nature of Term Loan
Loan
Quantum of Minimum Term loan (including subsidy) to be sanctioned by the Financial Institution (FI) should be
Loan 50% of the project cost. The promoter’s contribution may vary from 20-50% of Total Financial
Outlay (TFO) and the term loan may vary from 50-80% of the TFO.
Minimum: Rs. 25.00 Lakhs
Maximum: Rs. 100.00 Crores
Techno – It is necessary to make proper appraisal of the project proposed to be carried out by the applicant
Economic so as to ensure that the project is technically feasible and economically viable and will yield
Appraisal sufficient income to enable him/her to repay Bank loan within the stipulated period.
of Project:
Margin Minimum promoter’s contribution should be 20% of the project cost. This should also be ensured
at the time of actual expenditure on completion of the project. If it is less than 20%, the actual TFO
of the project shall be restricted to 5 times of the promoter’s contribution on completion of the
project for the calculation of subsidy.
However, Promoter’s contribution for storage infrastructure projects of State Government and
State Government agencies financed under Rural Infrastructure Development Fund (RIDF)/
Warehouse Infrastructure Fund (WIF) of NABARD may be relaxed as per their respective fund
guidelines. Promoter’s Contribution in case of own funded State agency projects should be 75% /
66.67% of the project cost as the case may be
Rate of MCLR+2.25%
Interest
Penal 2% Penal interest shall be charged over the normal rate on the overdue amount and for the period
Interest of overdue.
Intimation The Borrower shall be deemed to have notice of changes in the rate of interest whenever there are
of Change changes in MCLR either increase or decrease by display of MCLR on the website of Bank/Notice
in Interest Board of the Branch or published in news papers or made through entries of the interest rate
Rate: charged in the passbook/statement of account furnished to the borrower and the borrower is liable
to pay such revised rate of interest. A condition clause to this effect be also incorporated in
sanction letter.
Security
Hypothecation of structure/equipment/machinery purchased or created out of Bank Finance
Mortgage of Fixed assets like project land and building/shed
Personal Guarantee of Proprietors/Partners/Promoters/Directors/owner of the property offered as
security etc.
Any other tangible security if available
Processing As per RMD circular issued from time to time.
Fee,
Documenta
tion fee,
Inspection
charges
Repayment
Period/ o Depending upon the cash flow, not less than 5 years up to 10 yrs including maximum
Gestation moratorium period of 18 months (for all credit linked projects processed by NABARD and NCDC) /
period 30 months(for own funded State Agency Projects) .
o Repayment of the term loan can be fixed monthly/quarterly/half yearly based on the purpose of
loan /cash flow of the project.
o As the adjustment of subsidy is back ended, the full project cost including the subsidy amount,
but excluding the margin money contribution from the promoter, will be disbursed as loan by the
FI. The repayment schedule will be drawn on the loan amount in such a way that the total subsidy
amount is adjusted after the full loan component with interest is liquidated but not before five years
from the date of disbursement of first installment of loan.
Project 18 months (for all credit linked projects processed by NABARD and NCDC) / 30 months(for own
Completion funded State Agency Projects) from the date of disbursement of the first installment and further
Period extension of 6 months will be allowed subject to penalty as mentioned in the operational guidelines
issued by NABARD.
The project will not be eligible for subsidy if documents are not submitted after completion
within prescribed time period (including extended period of 6 months). Advance subsidy
released will have to be refunded forthwith by the FI.
Disbursem
ent The disbursement of loan should be made in phased manner in multiple tranches based on the
requirement of the project and progress of work duly certified by the empanelled architect/valuer
and Chartered Accountant.
Disbursement will be made directly to equipment and other major suppliers, contractors, architect,
etc. Original Bills, Payment evidences, CA/Architect’s Certificate etc. shall be kept on records.
External External rating is to be obtained for any proposal with a credit exposure of more than Rs. 5 Crores.
Credit Ratings norms to be complied as per RMD policy circulated from time to time
Rating
Discretiona As per delegated power chart circulated by RMD from time to time.
ry power
Documenta As per Bank’s advances manual
tion
Classificati The finance made under the scheme may be classified under Agriculture as per the present
on of guidelines of RBI.
Advance
Deviation GM-Agribusiness shall be the authority for allowing any scheme related deviation or relaxation.
Authority
Prepaymen Prepayment charge will be at 2% p.a. on the amount being prepaid for the period for which the
t Charges amount is prepaid.
Subsidy/Gr Dealing with the subsidy/grant in aid claims to be made as per the Operational
ant-in- Aid Guidelines/Scheme/policy of the NABARD or any other nodal agency.
For any proposal, if applicable under any State/Central Govt. Scheme for subsidy, undertaking
from the borrower to be obtained for routing subsidy/grant in aid claims through our Bank
accounts.
Bank may apply for NABARD Refinance if available, as circulated by NABARD from time to time..
20. Modification in Customized Schemes launched by CRG Vertical & Revision in Service Charges (
CIRCULAR.NO:HO/CRG/293/2018-19/900 dt. 16.02.19)
1. Personal Accidental Insurance (Death only) cover of ₹ 10 lacs stands withdrawn w.ef. 29.11.2018
2. Daily ATM withdrawal limit and daily shopping limit (POS/E-commerce) have been revised at ₹ 25,000/- for
Rupay Platinum International Card and ₹ 50,000/- for Visa Gold card, which may be increased through Card
Control Functionality available in Net Banking and Mobile Banking
21. RESTRICTION ON ISSUANCE OF CHEQUE BOOK FOR CURRENT A/C ( HO/CS&P/45/2018-19/896

18th February, 2019 )
1. A system level check has been implemented in finacle to allow cheque book requests, if number of unused leaves
issued after 01-04-2018 are less than 50.
2. In case of continuous stationery, system level check has been implemented in system to allow cheque book requests, if
number of unused leaves are less than 500
In such cases, Branches can allow Personalized Continuous Stationery Non-
following number of Cheque leaves in Personaliz
Current Account: ed
No. of Cheque leaves 100 300 2000
However, Circle Heads and Heads of Large Corporate Branches have been empowered to permit issuance of cheque
leaves in current account in bulk with following limits. Job Card for process flow to allow relaxation in issuance of Cheque
leaves in finacle by Circle Office user has been annexed herewith.
22.. Pradhan Mantri Shram Yogi Maan-dhan (PMSYM) Yojna (HO/ BO-GBC / 74 /2018-19/ 893 Date: 15.02.2019)
Ministry of Labour and Employment issued a notification on 07.02.2019 that Government of India has introduced a
pension scheme under Unorganised Workers Social Security Act, 2008 namely Pradhan Mantri Shram Yogi Maan-dhan
(PM-SYM) to provide for old age protection to the Unorganised Workers.
The unorganised workers who are working or engaged as home based workers, street vendors, mid-day meal workers,
head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washer men, rickshaw pullers, landless
labourers, own account workers, agricultural workers, construction workers, beedi workers, handloom workers, leather
workers, audio- visual workers and similar other occupations and their monthly income is upto Rs 15,000/- (Rs. Fifteen
Thousand) per month and comes within the age group of 18-40 years. They should not be covered under New Pension
Scheme (NPS), Employees’ State Insurance Corporation (ESIC) scheme or Employees’ Provident Fund Organisation
(EPFO) or he/she is an Income Tax assesse.
23. Charging of Annual Service Fee (ASF) / Annual Guarantee Fee (AGF) at differential rates depending upon NPA
levels/ Claim Payout ratio of MLIs-CGTMSE (Circular No. HO:AB & FI:75:2018-19 date 14-02-19)
CGTMSE vide its letter No.-CGTMSE/AGF/646 dated 28.01.2019 has communicated the NPA percentage, claim payout
ratio of our Bank and the applicable risk premium, over and above the standard rate of annual guarantee fee, which shall
be effective from 01.04.2019.The status of NPA percentage, claim payout ratio and the pplicable risk premium, over and
above the Standard Rate (SR) of Annual Guarantee Fee (AGF) for our Bank, is given below:-
umulative Cumulative NPA %age Risk Cumulative Cumulative Claim Risk
guarantees NPAs Premium claims receipts (` payout premium
issued (` in marked (` (in % of settled (` in in lakh) ratio (in % of
lakh) in lakh) SR) lakh) SR)
308132.00 52648.34 17.09 20% of SR 13957.40 11820.69 1.18 20% of SR
Hence, total Risk premium will be 40% of SR (20%+20%) SR- Standard Rate
Revised ASF/AGF-
a) For loans sanctioned on or before 31.12.2012
Annual service fee (ASF): Credit Annual Service Fee
Limit
Up to `5.00 lakh 0.50%*
Above ` 5.00 lakh 0.75%*
Charging of Annual Service Fee (ASF) / Annual Guarantee Fee (AGF) at differential rates
b) For loans sanctioned on or after 01.01.2013 to 31.03.2016.
Annual Guarantee Fee Annual Guarantee Fee (AGF) [% p.a.]*
(AGF) Credit Facility
Women, Micro Enterprises and units in Others
North East Region (incl. Sikkim)
Upto ` 5 lakh 0.75%* 1.00%*
Above ` 5 lakh- ` 100 lakh 0.85%* 1.00%*
c) For loans sanctioned on or after Annual Guarantee Fee (AGF) [% p.a.]*

01.04.2016 Credit Facility
Women, Micro Enterprises and Others
units in North East Region (incl.
Sikkim)
Upto ` 5 lakh (0.75%*+40% of SR) i.e. 1.05% (1.00%*+40% of SR) i.e. 1.40%
Above ` 5 lakh- ` 200 lakh (0.85%*+40% of SR) i.e. 1.19% (1.00%*+40% of SR) i.e. 1.40%
d) For loans sanctioned on or after 1st April, 2018 Annual Guarantee Fee (AGF) [% p.a.]**
Credit Facility
Women, Micro Enterprises and Others Retail Traders
units covered in North East
Region
Upto Rs.5 lakh (1.00% + 40% of SR) i.e. 1.40% (2.00% + 40% of SR) i.e. 2.80%
Above Rs. 5 lakh- Rs. 50 lakh (1.35 + 40% of SR) i.e. 1.89% (1.50% + 40% of SR) i.e. 2.10%
Above Rs. 50 lakh- Rs. 200 lakh (1.80+ 40% of SR) i.e. 2.52%
**AGF will be charged on the guaranteed amount for the first year and on the outstanding amount/ peak availment
during the calendar year for the remaining tenure of the credit facilities sanctioned/ renewed to MSEs on or after 1st
April 2018.
Charging of Annual Service Fee (ASF) / Annual Guarantee Fee (AGF) at differential rates. Charging of Annual Service
Fee (ASF) / Annual Guarantee Fee (AGF) at differential rates 3
The guarantee fee charges mentioned above are exclusive of applicable GST.
24. Guidelines regarding booking of Commission Received- Miscellaneous Income ( HO/ACT/48/2018-19/874
08.02.2019)
It is observed that branches/ offices are booking various incomes through TM in Commission Received Miscellaneous Non
Taxable (GL Code-43150) head without collecting corresponding GST from customers/Vendors. Some examples of these
incomes are as under:-
 Inspection Charges
 Prepayment Penalty
 Documentation Charges
 Penal charges for noncompliance of Terms & condition of Sanction recovered form borrowal Accounts
 Interest Rate Switchover fees
 Charges Recovered for NPA accounts
Penalty Recovered from vendors

 Sale/Buyback of old batteries
 Scrap sale
 Charges for Solvency certificate
 Locker Breakage charges
 Charges for Safe custody of Examination papers
 Tender fees for participation in Bidding
Under GST regime bank is liable to pay GST on above incomes and provide invoice for the same. If applicable GST is not
collected over and above the actual charges/ commission/ income then bank has to pay GST on such income from its own
pocket which is a financial loss to our bank. Accordingly branches are advised to recover Commission income along with
applicable GST
S. No. Paticulars Name of the Menu
1. For booking of income from existing customers having operative M-Charge
accounts
2. For Bulk upload of booking of income from existing customers having Bcharge
operative accounts
3. For Bulk upload of booking of Inspection charges from Borrowal Inspchrg
accounts
4. For booking of the income from Non Account holders and Third party CGSTSAL
products
25. REVIEW OF MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) AND MCLR RATES APPLICABLE
FROM 11th FEBRUARY 2019 (Cir HO/RMD/118/2018-19/868)
MCLR RATES TO BE APPLICABLE FROM 11th FEBRUARY 2019 TILL NEXT REVIEW
MCLR Benchmark Existing MCLR(%) Revised MCLR (%) w.e.f.

w.e.f 11.01.2019 11.02.2019
Overnight MCLR 8.30% 8.30%
One-month MCLR (1 month) 8.45% 8.45%
Three-month MCLR (3 months) 8.50% 8.50%
Six-month MCLR (6 months) 8.70% 8.70%
One-year MCLR (1 Year) 8.75% 8.75%
26. EFFECT ON OPERATION OF BANK ACCOUNTS OF COMPANIES STRUCK OFF FROM THE REGISTER OF
COMPANIES U/S 248(5) OF THE COMPANIES ACT, 2013 HO/BO/73/2018-19/864 5th February 2019
In this regard, attention is drawn to the provisions of section 250 of the Act which prescribes that “where a company
stands dissolved under section 248.it shall on and from the date mentioned in the notice under subsection (5) of that
section cease to operate as a company and the certificate of incorporation issued to it shall be deemed to have been
cancelled from such date except for the purpose of realizing the amount due to the company and for payment or discharge
of the liabilities or obligations of the company”
Branches to ensure that any debit from or credit to the accounts belonging to the above mentioned companies is made
only for the purposes prescribed under section 250 of the Act and transactions are allowed, only after ensuring that the
nature of transaction is for the purposes mentioned above, to a duly identifies beneficiary. In no case, the said companies
be allowed to use the account to continue business/operations, as the same would be in contravention of section 250 of
the Companies Act,2013.
27. SUB: MANDATORY ROUTING OF EDUCATION LOAN APPLICATION THROUGH VIDYA LAKSHMI PORTAL
AND PAYMENT OF FEE TO NSDL HO:Retail:44/:2018-19:865 Date:07.02.2019
field functionaries are instructed to route all education loan through VLP and correct Student ID and Application ID of VLP
must be entered in OLS at the time of sanctioning. Status of Education Loan Application to be updated in VLP Portal on E-
Circulars Site. Charges of Rs.118/-(Rs.100 plus taxes applicable) are to be taken from borrower by debiting his/her
education loan account before disbursement of education loan
28. Restructuring of Micro, Small and Medium Enterprises (MSME) Advances (HO/MSME/41/2018-19/852
Dated- 04.02.2019 )
it is advised to all the field functionaries to adhere to the following guidelines while considering restructuring proposals of
MSME accounts:
1. Post restructuring, close monitoring of the accounts shall be done by the Branch /Cluster /Circle Office and shall be
ensured that viability milestones such as improvement in financial ratios as per the projected balance sheet and P&L
accounts submitted is achieved. However, from 3rd year onward from the date of implementation of restructuring package,
it shall be ensured that financial ratios as projected/submitted by the borrower or as stipulated in the scheme are achieved.
After sanction of restructuring proposal of eligible MSME borrowers, necessary changes in finacle system must be done
as per the sanction terms & conditions to avoid the accounts from slipping into NPA category. Further, while making
necessary changes in finacle system, it shall be ensured that Free Code 4 (Finacle > ACM > Free Code 4) is modified as
“MSMER” for all the restructured accounts for correct extraction of data from Crismac/MIS for future reference.
After making necessary changes in finacle system as per the sanction terms & conditions of the restructuring package,
Branches/ Clusters to ensure that required details is entered in “Restructure Details” in Crismac system. (Crismac >
Accounts > Restructure Details). Respective Circle Offices shall ensure the compliance in this regard
29. MANDATORY PUBLICATION OF SARFAESI AUCTION NOTICES ON THE COMMON E-AUCTION PORTAL –
IBAPI ( HO/R&L/2018-19/35/852 Dated: 04.02.2019)
A common portal – Indian Banks Auction Properties Information Portal has been developed for better publicity and easy
access to the public on common e auction platform. The portal has been developed by the Allahabad Bank and circulated
and adopted by the IBA for all the banks. The portal would act as a universal and common platform for all the banks to
upload information about the properties on sale and for the buyers to get all the information at a single place, thus
facilitating both the banks and the buyers resulting in increase in the number of buyers and the auction price. The portal
includes functionalities such as upload of basic information about properties on auction, direct link to the website where
the bidding and auction is being conducted, upload of additional information such as photographs, videos of the
properties; other related documents if any can also be uploaded in the PDF format on the portal.
30. Revision in Service Charges for Digital Channels (Cir No. HO/CS&P/43/2018-19 dt. 01-02-19)
nd
31. Clarification on the posints reaised on sanciton of 2 Loan uner PMEGP ( Cir. No. AB&FI/72/2018-19/830 dt
30-01-19)
32. Guidelines on financing to Hindu Undivided Family (HUF) (Cir No. RMD/113/2018-19/832 dt. 31-01-2019)
33. MSME Announcements (Cir No. HO/MSME/40/2018-19/831 Dated- 30.01.2019)
SN Particulars of announcements
1 Launch of 59-minute loan portal for sanction of loan up to Rs 1 crore
2 2 per cent rebate on an incremental loan of up to Rs 1 crore for GST-registered MSMEs
3 Increasing interest Subvention on pre and post shipment credit for exports by MSMEs from 3 per cent to 5 per
cent
4 Companies with a turnover of more than ` 500 crore will have to join TReDS platform, that is Trade
Receivables e- Discounting System so that MSMEs doesn’t face trouble in cash flow
5 Making mandatory sourcing by PSUs from MSMEs, increased to 25 per cent from the previous limit of 20 per
cent
6 Government companies have to buy at least 3 per cent of their purchases from women entrepreneurs
7 It has been made mandatory for the companies to take GeM (Government e-Marketplace) membership now.
Further, companies will now register it’s all MSME vendors on this platform, which will also benefit the MSMEs
8 Package of ` 6000 crore for the technological upgradation in connection with MSMEs
9 Ease of doing business to Pharma Companies under MSME segment
10 Environment clearance and ease of self-certification
11 MSMEs will have to file just one annual return on eight labour laws and 10 central rules
12 Announced was made by the Govt for big change in Companies Act and provided relief to MSMEs from legal
complications
34 REAL TIME GROSS SETTLEMENT (RTGS) SYSTEM - IMPLEMENTATION OF POSITIVE CONFIRMATION (Cir.
HO/BO/ 70 /2018-19/ 825 29.01.2019)
In compliance of guidelines issued by RBI, the system of sending positive confirmation in RTGS to the customers through
SMS has been operationalised by our bank. Accordingly, our customers shall get positive confirmation through SMS for
the RTGS transaction initiated by him/her on successful credit to beneficiary account.
35. GUIDELINES FOR: 1. OBTAINING OF AADHAAR NUMBER FROM INDIVIDUAL BORROWER(S)/

GUARANTOR(S) 2. OBTAINING OF PASSPORT FROM INDIVIDUAL BORROWERS/GUARANTORS3. SCRUTINY OF
MCA WEBSITE FOR DELAYED PAYMENTS TO MSEs (Cir No. HO/RMD/104/2018-19/98 dt. 21-01-19)
The Branch / Cluster Officials shall continue to obtain physical Aadhaar card /EAadhaar card /Masked Aadhaar /Offline
Electronic Aadhaar xml of the following at the time of sanction of Fresh/ Enhancement/ Renewal of credit facilities if
offered voluntarily. Photocopy of Passport duly compared I verified with the original shall be obtained
from the following: ./ Individual Borrower(s) ../ Proprietor/Partners/Promoter Directors in case of Proprietorship,
Partnershipnd Limited Liability Partnership Firms/Companies . ./ Individual Trustee/Member/Constituent in case of Trust,
Society, AOP . ./ Individual Guarantor(s) irrespective of the constitution of the Borrower. Cut-off limit of borrower for
obtaining Passport number shall be above 10 Crore (Fund and Non-fund based limits). However, endeavor of the Bank
will be to obtain Passport number of borrowers I guarantors wherever possible.
GUIDELINES FOR SCRUTINY OF MCA WEBSITE FOR DELAYED PAYMENTS TO MSEs
All companies who get supply of goods or services from micro and small enterprises and whose payments to Micro and
Small Enterprise (MSE) suppliers exceed forty five days from the date of acceptance or the date of deemed acceptance of
the goods or services as per the provisions of the Act, shall submit a half yearly return to
the Ministry of Corporate Affairs stating the following: a) The amount of payments due. b) The reason for the delay. 4.2.
Branch / Cluster shall follow guidelines for scrutiny of MCA website for delayed payments to MSEs which are as under: >"'
While verifying ROC records of companies through website- www.mca.gov.in, the following information shall also be
checked and if available, shall be reported in due diligence report in following manner: a) The amount of payment due to
micro and small enterprise suppliers that exceed forty five days.
b) Reason for delay in payment. c) Number of payments exceeding forty five days (if such information is available
in MCA website).
36. Guldelines on Obtaining of Social Media Provile from Individual Borrowers/Guarantors (Cir NO.
HO/RMD/99/2018-19 dt 16-12019)
37. Guidelines for Financing Brrowal Units situated at far off places (Cir No. HO/RMD/101/2018-19 dt 16-01-19)
38. VERIFICATION OF AUTHENTICITY OF FINANCIAL DOCUMENTS /CERTIFICATES ISSUED /CERTIFIED BY
CHARTERED ACCOUNTANTS (CAs) UNDER ICAI’s UNIQUE DOCUMENT IDENTIFICATION NUMBER (UDIN) (Cir
No. HO/RMD/ 98 /2018-19/779 dt 16.01.2019)
The Branch /Cluster shall check the authenticity of financial documents /certificates issued /certified by chartered
accountants (CAs) though the link https://udin.icai.org?mode=searchudin
39. Recovery of Fees from Customers in on-boarding themon PSB Loan in 59 Minutes Portal ( Cir No. HO/ MSME/
37/2018-19/787)
40. GUIDELINES ON UNIT VISIT TO BE CONDUCTED BY CIRCLE OFFICE ( HO/ RMD/ 95 /2018-19/ 742 DATE:
01.01.2019)
In order to ensure end use of funds as per sanction, in addition to existing guidelines, an inspection visit of the unit / office
should be conducted by the respective Circle Office as under:
Exposure (Fresh/Enhancement) Inspection to be conducted by
to the borrower
Upto ₹50 lakh Nil
Above ₹50 lakh to ₹1 Crore Scale IV and above at respective Circle Office
Above ₹1 Crore to ₹5 Crore Scale V and above at respective Circle Office
Above ₹5 Crore Respective Circle Head
The inspection visit is to be conducted by the authorized officer of Circle Office only in Fresh/Enhancement cases.
41. Legal Entity Identifier (LEI) Code for Borrower (HO Cir RMD/89/2018-19/713 dt 19-12-2018)
42. Revised Guidelines on Financing to GEMS and Jewellery Sector (HO Cir RMD/90/ 2018-19/ 714 dt 20-12-2018)
43. CONTINUATION OF COMPREHENSIVE FINANCIAL INCLUSION MISSION (PMJDY) - REVISED GUIDELINES OF
OVERDRAFT FACILITY UNDER PMJDY (Agribusiness & FI/ PMJDY/2018-19/63/708
Dated 19.12.2018)
Existing overdraft limit to PMJDY account holder of Rs. 5,000/- has been raised to Rs. 10,000/-
Age limit 18-60 years has been revised to 18-65 years.
There will not be any conditions attached for OD up to Rs. 2,000/-
44. OPERATIVE GUIDLEINES FOR ONLINE OTS SYSTEM - ‘SAMJHAUTA’ (cir NO. HO/R&L/2018-19/27/665 29th
November,2018 ) - MAIN FEATURES OF OTS SYSTEM
In the ‘Samjhauta’ OTS System, Settlement Proposals can be created only at the Branches (Udbhav/Classic/MCB/LCB)
and Recovery Clusters level.
Officer with role as ‘Maker’ can create the Settlement Proposal in OTS System and it shall be submitted to ‘Checker’. After
checking the proposal,‘Checker’ shall submit it to ‘BM/RR&L ClusterHead’for approval.
Circle Offices/FGMs/H.O. can monitor pending proposals online at any given time.
Turnaround Time (TAT) and Escalation Matrix for effective monitoring of pending Settlement Proposals has been
configured in the OTS System.
Important Documents related to settlement proposals such as Valuation Reports/Borrower’s application/Detective Agency
Report/Visit Report/Balance Sheet/Minutes of Settlement Committee etc can be uploaded in the OTS System.
Monitoring of Recoveries made during repayment period of Settlement Proposals through Finacle.
Generation of T.P.O. and other MIS Statements from the OTS System.
44 Transfer of borrower accounts from Banik where any of our MD & CEO or ED have worked earlier (HO Cir
RMD/ 84/2018-19/ 656 dated 26-11-18)
45. Capturing financial data in guarantee application form (Cir NO. AB &FI:59:2018-19:646 dated 16-11-2018)
With a view to improve the credit guarantee processes, the Credit Guarantee Fund Trust for Micro and Small Enterprises
(CGTMSE) has circulated the guidelines pertaining to Capturing of financial data in guarantee application form
through their Circular No. 159/2018-19 dated 13/11/2018 and decided to capture key information on financials of the
borrowers/units. The fields capturing financial data based on the guarantee amount slab is given below in the Annexure I
& II. The financial data with regard to the slabs above ₹10 lakh is made mandatory in the system. Providing data with
regard to the slab ₹1 lakh to ₹10 lakh is optional for the present.
46. Door Step Banking facilities to senior citizens of more than 70 years of age and differently abled or infirm
persons (Cir No. HO/operation/ 53/18-19/ 640 dt. 19-11-2018)
47 Guidelines on issuance of no due certificate (cir Ho RMD/83/2018-19/644 dt. 17-11-2019)
48. Use of Aadhaar for opening new Bank Accounts as sell as updation of KYC of the existing customers (cir no. HO
CS&P/32/2018-19/629 dt 14-11-2019)
49. NOC for opening of Current Account (Ho Cir CS&P/30/2018-19/ 575 dt 17-10-2018) – Only those customers
availing HL, VL, EL and Personal Loan from other banks/ other branches of our bank/ FIs are not required to obtain NOC
for opening of Current Accounts.
IMPORTANT MCQS FROM DEPOSIT SCHEMES
1 Scheme of Basic Saving Deposit in Our Bank is
SB-222
SB-219
SB-212
SB-211
Ans : SB-212
2 A SB /CA A/c shall be treated as Inoperative / Dormant if there are no transactions in the account for.............................
over a period of six months in Savings and One Year in Current Accounts
over a period of 1Year
over a period of 2 years
over a period of 5 year
Ans : over a period of 2 years
3 Is Sending letter of Thanks to the customer is mendatory
Yes it is mandatory to send the letter of Thanks to the customer on the date of opening of the account.
Yes it is mandatory to send the letter of Thanks to the customer within 6 days of opening of the account.
No it is not mandatory to send the letter of Thanks to the customer as he/she has provided KYC Documentation
No it is not mandatory to send the letter of Thanks to the customer as he/she has provided introduction
Ans: No it is not mandatory to send the letter of Thanks to the customer as he/she has provided KYC Documentation
4 If a customer approaches our Branch without any KYC Documentation, can the Branch open any Saving account of the customer?
Branch will initiated the process of making his KYC document
Branch cannot open the account without KYC Documentation.
Branch can open the account in SB222, without KYC Documentation.
Branch can open the account in SB212 Scheme
Ans : Branch can open the account in SB222, without KYC Documentation
5 CASA includes
Current Account for special Activities
Current A/c & Saving Account
Capital Gain saving Account
Current account with interest facility
Ans: Current A/c & Saving Account
6 Which one is incorrect for CASA accounts
CASA includes Current Account & Saving Account
Customer Base is increased
Interest Free Deposits are available for Bank
They are the source of low cost deposits
Ans: Interest Free Deposits are available for Bank
7 Saving Smart Save Flexi Fixed Deposit scheme can be opened under scheme
SB-210
SB-211
SB-212
SB-213
Ans : B – SB-211
8 Under Saving Smart Save Flexi Fixed Deposit scheme minimum quarterly average balance is
Rs. 5000/-
Rs. 2000/-
Rs. 25000/-
Rs. 10000/-
Ans : Rs 25000/-
9 Under Saving Smart Save Flexi Fixed Deposit min Sweep and Reverse sweep amount is
Rs. 5000 & Rs. 2000
Rs. 2000 & Rs. 5000
Rs. 5000 & Rs.10000
Rs. 10000 & Rs. 5000
Ans : Rs. 5000 & Rs. 2000
10 Can joint A/c is possible under Saving Bank Capital Gains Scheme Account
Yes, It is possible
No, It is not possible
Yes, It is possible after permission of IT Department
Yew, It is possible after permission of HO
Ans : No, It is not possible
11 What would be the tenure of overdraft facility and repayment terms Oriental Premium Salary Account ?
Overdraft facility is for a period of two year from the date of sanction
OD facility is for a period of five year from the date of sanction and is to be reviewed yearly
OD facility is for a period of two year from the date of sanction and is to be reviewed yearly
OD facility is for a period of one year from the date of sanction and is to be reviewed yearly
Ans : OD facility is for a period of one year from the date of sanction and is to be reviewed yearly
12 Who is eligible to open account in Oriental Premium salary account?
Only public Sector Salaried individuals whose Gross Monthly salary is Rs. 35,000/- and above are eligible to open the account.
Only Private sector salaried individuals whose Gross Monthly salary is Rs. 25,000/- and above are eligible to open the account
All permanent salaried class individual, whether public or private whose Gross Monthly salary is Rs 35,000/- and above are eligible to open the
account under Oriental Premium Salary scheme
All permanent salaried class individual, whether public or private whose Gross Monthly salary is Rs. 25,000/- and above are eligible to open the
account under Oriental Premium Salary scheme
Ans : All permanent salaried class individual, whether public or private whose Gross Monthly salary is Rs. 25,000/- and above are eligible
to open the account under Oriental Premium Salary scheme
A bank wants to bring change in the terms and conditions relating to saving bank account. The bank should inform the customer about this
13 ____ month / days before implementation of the change
1 Month
3 Months
6 Months
12 Months
Ans : One Month
14 Oriental Stree Shakti Account opened under
Scheme Code SB-242
A Scheme Code SB-243
Scheme Code SB-244
Scheme Code SB-245
Ans : Account opened under Scheme Code SB-244
15 Minimum Balance Criteria for Oriental Stree Shakti Account is
Minimum Quarterly Average Balance should be Rs 10,0000/-
Minimum Quarterly Average Balance should be Rs 25000/-
Minimum Monthly Average Balance should be Rs 25000/-
Minimum Monthly Average Balance should be Rs 10,0000/-
Ans – Minimum Monthly Average Balance should be Rs 25000/-
16 Minimum Balance Criteria for Oriental Pratham Account is
Minimum Quarterly Average Balance should be Rs 10,0000/-
Minimum Quarterly Average Balance should be Rs 25000/-
Minimum Monthly Average Balance should be Rs 25000/-
Minimum Monthly Average Balance should be Rs 10,0000/-
Ans – Minimum Quarterly Average Balance should be Rs 10,0000/-
17 In case of Non Maintenance of Minimum Monthly Average Balance Criteria for Oriental Stree Shakti Account
Non- Maintenance Penalty of Rs. 100/- + applicable Tax is imposed
All Freebies are stopped from next month
As the Account is specially meant for Women , No Penalty is imposed
Ans – Non- Maintenance Penalty of Rs. 200/- + applicable Tax is imposed
18 In case of Non Maintenance of Minimum Quarterly Average Balance Criteria for Oriental Pratham Account
All Freebies are stopped from next month
All Freebies are stopped from next Quarter
Ans – All Freebies are stopped from next Quarter
19 Oriental Saparivar Scheme is for
Central Govt. Employees & Their Families
Lecturers of Colleges run by state governments & Doctors employed with state governments.
Employees of LIC, other PSU General Insurance Companies, Maharatna ,Navratna and Miniratna Category-1 CPSEs
All the Above
Ans : All the above
20 Whose Account is not permitted in Oriental Saparivar Scheme
Central Govt. Employees & their Families
Lecturers of Colleges run by state governments & their families
Doctors employed with state governments & Their families
Oriental Bank of Commerce Staff Members & their family
Ans – Oriental Bank of Commerce Staff Members & their family
21 Interest payment frequency in Sr Citizen SB A/c is
Yearly Basis
Half Yearly Basis
Quarterly Basis
Monthly Basis
Ans – Quarterly Basis
22 Cash Handling charges in SB A/c is free upto (other Than BSBDA Schemes)
Cash Deposit upto Rs. 2.0 Lac per day
Cash Deposit upto Rs. 10 La Per month
Cash Deposit upto Rs. 2.0 Lac or 1000 Pieces per day .
No Cash Handling Charges applicable in SB A/c .
Ans – C: Cash Deposit upto Rs. 2.0 Lac or 1000 Pieces per day .
23 A SB A/c holder is having a Locker at branch . How many times he can operate his locker
5 times in a Month
10 times in a quarter
15 times in a year
Any No. of Times
Ans – 15 times in a year
24 Scheme for SB- Kiosk Agents is
SB-218
SB-220
SB-221
SB-224
Ans. SB-224
25 A new account can be opened under Our Best Customer – SB -249.
Yes, New Account can be opened under this scheme for HNI Customer
No , New Account can not be opened under this scheme, only scheme change for those HNI customer is possible, who fulfill the Bank's Criteria
New Account can be opened under this scheme for HNI Customer after approval of Circle Office
New Account can be opened under this scheme for HNI Customer after approval of Head Office
Ans : No , New Account can not be opened under this scheme, only scheme change for those HNI customer is possible, who fulfill the
Bank's Criteria
An existing regular customer having SB A/c under SB-219, whose average daily balance in SB account is Rs.1.00 Lac since last 1 year and
associated with bank since 2014. Can we change the Scheme Code of his A/c to Oriental PRATHAM scheme.
26
Yes, Scheme code can be changed to Orinetal Pratham Scheme
No, Scheme Code can not be changed to Orienetal Pratham Scheme. Only new account can be opened under this scheme.
Yes, Scheme code can be changed to Orinetal Pratham Scheme after approval from Circle Office
Yes, Scheme code can be changed to Orinetal Pratham Scheme after approval from Head Office
Ans : No, Scheme Code can not be changed to Orienetal Pratham Scheme. Only new account can be opened under this scheme.
27 Which one is not a feature of “Our Best Customer Scheme”
Personalized Visa Signature Debit Card with ‘Our Best Customer” embossed/printed on the car
Personalized Cheque Book with ‘Our Best Customer” embossed/printed on the cover of the cheque book.
This scheme shall be by invitation only & existing customers fulfilling the criteria
Fresh accounts can be opened in this scheme for customers fulfilling the criteri
Ans. Fresh accounts can be opened in this scheme for customers fulfilling the criteri
28 Bank has launched a new scheme for Female Customers above 18 yr of age with certain additional benefits . Scheme is named as
Oriental Stree Samriddhi
Orinetal Stree Shakti
Orinetal MahilaSamriddhi
Orinetal Mahila Shakti
Ans. Orinetal Stree Shakti
29 Recently bank has Changed guidelines for Aadhaar Number / Aadhaar Acknowledgement while opening new Account, which says
Aadhaar Number / Aadhaar Acknowledgement is not required where Customer is desirous of receiving his/her entitled benefits orsubsidies of welfare
schemes funded from the consolidated fund of India in his/her account directly.
Aadhaar Number / Aadhaar Acknowledgement is required where Customer is desirous of receiving his/her entitled benefits orsubsidies of welfare
schemes funded from the consolidated fund of India in his/her account directly.
Aadhaar Number / Aadhaar Acknowledgement is not at all requierred for opening of new accounts.
Aadhaar Number / Aadhaar Acknowledgement is compulsary in all new accounts.

Ans : Aadhaar Number / Aadhaar Acknowledgement is required where Customer is desirous of receiving his/her entitled benefits
orsubsidies of welfare schemes funded from the consolidated fund of India in his/her account directly.
30 As per the new guidelines for opening new SB Account Aadhaar Number / Aadhaar Acknowledgement is needed only when
Aadhaar Number / Aadhaar Acknowledgement is not at all required for new Accounts.
Customer is not desirous of receiving his/her entitled benefits or subsidies of welfare schemes funded from the consolidated fund of India in his/her
account directly.
Customer is desirous of receiving his/her entitled benefits or subsidies of welfare schemes funded from the consolidated fund of India in his/her
account directly.
Aadhaar Number / Aadhaar Acknowledgement is must and it is required in all cases

Ans. Customer is desirous of receiving his/her entitled benefits or subsidies of welfare schemes funded from the consolidated fund of
India in his/her account directly.
31 If an account is opened under OBC Yuva Scheme, max credit in the account in a FY amd Max balance in the account is
Rs. 1.00 Lac & Rs. 5 Lac
Rs.2.00 Lac & Rs. 1 Lac
Ans. Rs. 5.00 Lac & Rs. 1 Lac
32 If an account is opened under OBC Yuva A/c , max per day limit for I-Banking transaction is
Rs. 5000.00
Rs. 10000.00
Rs. 25000.00
No Transaction Allowed in I-Banking . View Only Mode is allowed
Ans: No Transaction Allowed in I-Banking . View Only Mode is allowed
33 Min. salary requirement for opening an A/c under Oriental Premium Salary Scheme is
Rs. 25000/- pm Net Salary
Rs. 25000/- pm Gross Salary
Rs. 35000/- pm Net Salary
No Such Minimum /Salary Criteria
Ans: Rs. 25000/- pm Gross Salary
34 Under Oriental Premium Salary Scheme max. overdraft is allowed after considering the net take home of 40%
Min of 3 times of Net Salary or 5 Times of Gross Salary or Rs. 3.00 Lac
Min of 5 times of Net Salary or 3 Times of Gross Salary or Rs. 3.00 Lac
Max of 3 times of Net Salary or 5 Times of Gross Salary or Rs. 3.00 Lac
Max of 5 times of Net Salary or 3 Times of Gross Salary or Rs. 3.00 Lac
Ans : Min of 5 times of Net Salary or 3 Times of Gross Salary or Rs. 3.00 Lac
35 Under Oriental Premium Salary Scheme max. allowed overdraft is
5 times of Net Salary
5 Times of Gross Salary
3 Times of Gross Salary
Rs. 3.00 Lac
Ans : Rs. 3.00 Lac
Credit balance in deposit A/c (SB,CA,FD etc) with a bank not operated for 10 years or more or any amount not claimed for 10 years or more
36 will be shifted to
Depositor Education and Awareness Force -DEAF A/c
Depositor Education Allocation Fund -DEAF A/c
Depositor Education And Awareness Fund -DEAF A/c
Depositor Emergency Awareness Fund -DEAF A/c
Ans : Depositor Education And Awareness Fund -DEAF A/c
37 An Account is inoperative only when
There is no debit transaction in the account induced at the instance of customers as well as third party for over a period of two years
There is no credit transaction in the account induced at the instance of customers as well as third party for over a period of two years
There is no debit or credit transaction in the account for over a period of two years
There is no debit or credit transaction in the account induced at the instance of customers as well as third party for over a period of two years
Ans D: There is no debit or credit transaction in the account induced at the instance of customers as well as third party for over a period of
two years
38 UCIC is
Universal Customer Identification Code
Universal Client Information Code
Unique Client Identification Code
Unique Customer Identification Code
Ans: Unique Customer Identification Code
39 Unique Customer Identification Code (UCIC) refers to
Mergeing of different customer Id's of an single customer into a single unique Customer Id in Bank
Mergeing of different customer Id's of an single customer into a single unique Customer Id across different Bank
Mergeing of different customer Id's of an single customer into a single unique Customer Id within the branch
None of the above
Ans: Mergeing of different customer Id's of an single customer into a single unique Customer Id in Bank
40 Which of the following can’t be a nominee?
Illiterate Person
Minor
Non Resident India
Hindu Undevided Family
Ans : Hindu Undevided Family
41 Life certificate in Pension A/c canbe furnished in the month of
January every year
April every year
Novemeber every year
After AADHAAR enrolement submission of life certificate is not mendatory.
Ans : Novemeber every year
42 FATCA stands for
Foreign Account Tax Compliance Act
Foreign act Tax Compliance amount
Foreign Account Tax Compliance Act
Foreign Agreement Tax Compliance Act
Ans: Foreign Account Tax Compliance Act
43 Depositor Education and Awareness Fund is created by RBI out of
Grant by central government
Grant by state governments
Some percentage of profit from scheduled banks
Banks unclaimed deposits
Ans : Banks unclaimed deposits
44 Current Account is a form of
Demand Deposit
Term Deposit
Term Asset
Demand Asset
Ans : Demand Deposit
45 Mimimum Balance under CA-101 Scheme for Rural Branch is
Rs. 1000/-
Rs. 2000/-
Rs 5000/-
No Minimum Balance Charges fro Rural Branches
Ans : Rs 2000/-
46 For online office remittances i.e. E-Tax,TDS etc, Current account is opened under:
CA- 116
CA- 117
CA- 118
CA-119
Ans : CA- 117
47 Current Account Premium Gold - CA 109,Average Quarterly Credit Balance is
Rs. 100000/- per quarter
Ans : Rs. 200000/- per quarter
48 Flexi Fixed Deposit facility available with which Current deposit scheme?
Current Pragati Deposit Scheme CA-113
Current Acccount Vyapar Silver Deposit Scheme CA -110
Current Account Premium Gold – CA 109
Current Account Unnat Vyapar Scheme. CA-121
Ans: Current Account Premium Gold – CA 109
49 Which one is correct in respect of Pragati CA Scheme
Min Balance Rs 5000/- for all Branches
Min Balance Rs 2500/- for R/SU and Rs. 5000/- for M/U Branches
Ans : Min Balance Rs 5000/- for R/SU and Rs. 10000/- for M/U Branches
50 Average Quarterly Balance under Oriental Merchant Current Account scheme is
Rs. 10000/-
Rs 25000/-
Rs. 50000/-
Rs. 100000/-
Ans : Rs 25000/-
51 Oriental Merchant Current Account Scheme is
CA-112
CA-113
CA-121
CA-123
Ans : CA-121
52 Who can open a current account ?
Executors
Administrators
Trusts
All the above
Ans : All the above
53 For opening a Current A/c (Non Individual ) ,Which is the mandatory report to generate
CIBIL
CRISMAC
CIBIL-iScan
CRISMAC-iScan
Ans : CIBIL-iScan
54 What is the periodicity of obtaining the Full KYC Documentation in C3 & C4 categories of Account.
KYC Documentation is required to be done every 10 years for C-3 and C-4 customers.
KYC Documentation is required to be done every 8 years for C-3 and C-4 customers
Ans :. KYC Documentation is required to be done every 2 years for C-3 and C-4 customers
55 Trusts, Charities, NGOs and Organizations receiving donations are to be placed under risk category –
C-1- Low Risk
C-2 Medium
C-3 High Risk
C-4 Very High
Ans : C-4 Very High Risk
56 New accounts are to be closely monitored for a period of
1 Year
6 Months
1 Month
none of these.
Ans : 6 Months
57 Under CA-Premium Gold (Flexi) account Sweep in & Sweep out amount is in multiple of
Rs. 25000/- & Rs. 10000/-
Rs 10000/- and Rs. 25000/-
Rs. 50000/- & Rs. 25000/-
Rs. 25000/- & Rs. 50000/-
Ans : Rs. 10000/- & Rs. 25000/-
58 Cash handling charges for Current A/c is
Cash Deposit of Upto Rs. 1.00 Lac or Max 1000 Pcs. Per day is free
Cash Deposit of Upto Rs. 1.00 Lac per day is free
Cash Deposit of Upto Rs. 5.00 Lac per day is free
Cash Deposit of Upto Rs. 2.00 Lac or Max 1000 Pcs. Per day is free
Ans : Cash Deposit of Upto Rs. 2.00 Lac or Max 1000 Pcs. per day is free
59 Cash handling charges for Current A/c above the bank specified limit is
0.10 paisa per piece
1 paisa per piece
2.5 paisa per piece
10 paisa per piece
Ans : 10 paisa per piece
60 Under Current A/c Premium Gold (Flexi A/c) Minimum period is ______?
45 days
91 Days
121 Days
179 Days
Ans : 45 Days
61 Under Current A/c Premium Gold (Flexi A/c) Auto Sweep in and Auto Sweep Out happens in multiple of Rs._____ ?
Rs. 2000.00 & Rs. 5000.00
Rs. 5000.00 & Rs. 10000.00
Rs. 10000.00 & Rs. 25000.00
Rs 25000.00 & Rs. 50000.00
Ans : Rs. 10000.00 & Rs. 25000.00
62 Auto Sweep shall take place only after the cut off amount of ____________ in Current a/c Premium gold (Flexi Account)
Rs.50000.00
Rs. 100000.00
Rs. 200000.00
Rs. 500000.00
Ans : Rs. 500000.00
63 Penalty for not keeping AQB Balance in Current a/c Premium gold (Flexi Account) for individual is
Rs. 500/- Per Quarter
Rs. 750 /- Per Quarter
Ans : Rs. 2000/- Per Quarter
64 One of the KYC document in Current Accounts of Proprietorship Concerns can be dome throug
Customer Position Verification App
Customer Point Verification App
Contact Position Verification App
Contact Point Verification App
Ans :Contact Point Verification App
65 Self and Third Party Cash Withdrawal at Non Base Branch in case of Current Account is
Maximum Rs. 50000.00 & Rs. 25000.00 Per Day
Maximum Rs. 25000.00 & Rs. 50000.00 Per Day
Maximum Rs. 1 .00 Lac & Rs. 25000.00 Per Day
No Cash Withdrawal is permitted at non base branch
Ans : Maximum Rs. 1 .00 Lac & Rs. 25000.00 Per Day
66 In Rural Branch Curent A/c Closure Charges , if account is closed after 14 days but within 12 months of opening
Rs. 250.00
Rs. 500.00
Rs. 1000.00
A/c closed without anyCharges
Ans : Rs. 250.00
67 In Metro Branch Current A/c Closure Charges, if account is closed after 14 days but within 12 months of opening
Rs. 250.00
Rs. 500.00
Rs. 1000.00
A/c closed without anyCharges
Ans : Rs. 500.00
68 Scheme Code for NRE Flexi Deposit Current A/c is
CA-102
CA-103
CA-105
Flexi Deposit Current NRE scheme is not available
Ans : Flexi Deposit Current NRE scheme is not available
69 Scheme Code for NRO Flexi Deposit CurrentA/c is
CA-103
CA-105
CA-107
Flexi Deposit Current NRO scheme is not available
Ans : CA-103
70 Payment of term deposits in cash is restricted to;
Principal plus Interest of Term Deposit should be less thanRs.20,000/-
On request of the customer any amount can be paid in cash .
Ans : Principal plus Interest of Term Deposit should be less thanRs.20,000/-
71 Interest rate on TD can be decide by
Reserve Bank of India (RBI)
India Bank Association (IBA)
Asset & Liability Management Committee of the Bank (ALCO)
Ministry of Finance – Government of India
Ans: Asset & Liability Management Committee of the Bank (ALCO)
72 TDS is applicable only if
Interest accrued is more than Rs. 40000 in a FY in a Customer ID
Ans : Interest accrued is more than Rs. 40000 in a FY in a Customer ID
73 If a deposit maturing on holiday/ non-business working day/ Sunday, how bank will calculate the interest ?
Bank will pay the maturity amount on next working day without considering Holiday / non business working day/Sunday.
If maturity date falls on Saturday/Sunday/non-business working day/holidays, banks are permitted to pay interest on deposits at the originally
contracted rate for the intervening period between the due date and next working date.
If maturity date falls on Saturday/Sunday/non-business working day/holidays, banks are permitted to pay interest on deposits at the Saving Bank Rate
for the intervening period between the due date and next working date.
Bank takes proper care while taking the deposit, that it should not mature on Saturday / Sunday/non-business working day/holidays
Ans: IF maturity date falls on Saturday/Sunday/non-business working day/holidays, banks are permitted to pay interest on deposits at the
originally contracted rate for the intervening period between the due date and next working date.
74 If a PAN number is not registered in any deposit account TDS will be deducted
10 % on interest accrued.
15 % on interest accrued
20% on interest accrued
No TDS is applicable
Ans : 20% on interest accrued
75 In case of death of depositor interest for overdue period will be paid
At Saving Rate from the death of depositor, irrespective to the maturity of the deposit.
At term deposit rate agreed at the time of making deposit, irrespective of his death .
At Saving Rate if depositor died after maturity and at term deposit rate agreed at the time of making deposit, if depositor died before maturity
No interest is to be paid for overdue period.

Ans : At Saving Rate if depositor died after maturity and at term deposit rate agreed at the time of making deposit, if depositor died before
maturity
76 Partial Payment is Possible under
Suvidha Deposit Scheme TD 301
Ans: Suvidha Depsot Scheme TD 306
77 Can we renew term deposit before maturity
No , term deposoit can be renewed only after maturity.
No, term deposit can be premature closed and new term deposit will be issued.
Yes, term deposit can be renewed , subject to its new maturity date is beyond its pervious maturity date.
Yes, only principal amount can be renewed
Ans : Yes, term deposit can be renewed , subject to its new maturity date is beyond its pervious maturity date.
78 Who can submit Form 15 G
Customer whose Total Gross Income in a year is less than 2.5 Lac and age more than 60 years.
Customer whose Total Gross Income in a year is more than 2.5 Lac and age above 60 years.
Customer whose Total Gross Income in a year is more than 2.5 Lac and age below 60 years.
Customer whose Total Gross Income in a year is less than 2.5 Lac and age below 60 years.
Ans : Customer whose Total Gross Income in a year is less than 2.5 Lac and age below 60 years.
79 Under Varishta Samman Scheme Min & Max Time period is
1 years to 5 years
1 Year to 10 Years
3 years to 5 years.
3 Years to 10 Years
Ans : 3 Years to 10 Years
80 Fixed Deposit Receipt - FDR(Timely Appreciation ) can be issued for mininmum & Maximum Period of
3 Days to 3 Months
7 Days to 5 Years
7 Days to 10 Years
30 Days to 10 years
Ans : 7 Days to 10 Years
81 Cumulative Deposit Receipt -CDR (Money Multiplier) can be issued for minimum and maximum period of
1 Months & 12 months
3 Months & 60 months
6 Months & 10 years
12 months & 10 years
Ans: 6 Months & 10 Years
82 In Cumulative Deposit Scheme TD 303, Interest is compunding on
Monthly Basis
Quarterly Basis
Half yearly Basis
It is compunded on Maturity
Ans : Quarterly Basis
83 Scheme Code TD304 is
Fixed Deposit Scheme
Cumulative Deposit Scheme
Call Deposit Scheme
Monthly Income Deposit Scheme
Ans : Call Deposit Scheme
84 Which is correct In respect to Call Deposit
Branches shall accept call deposi in their power
Call deposits are treated as normal deposits for accounting purpose.
Branches shall place call deposit with other banks in their power
Call deposits cannot be accepted from the public.
Ans : Call deposits cannot be accepted from the public
85 Monthly income deposit scheme is opened under
TD-301
TD-302
TD-304
TD-305
Ans : TD-305
86 Minimum and Maximun period for Monthly Income Deposit Scheme (MIDR ) is
3 Months & 60Months
6 Months & 60 Months
Ans : 12 Months & 120 Months
87 The Rate of Interest of domestic Term Deposit (including NRO Term sDeposit ) is decided by
Reserve Bank of India (RBI)
Ministry of Finance (MOF)
Management Committee of the Board (MCB)
Asset Liability Management Committee (ALCO)
Ans : Asset Liability Management Committee (ALCO)

Bank has decided to give 0.25 % extra ROI on Term Deposits below 1 Cr., over the general senior citizen. For this benefit minimum age of
88 the depositor must be
For male depositor 70 years and 65 for female
65 years or more for both male and female
For male depositors 75 years and 70 for female .
75 years for both male & Female
Ans : 75 years for both male & Female
89 Varishtha Samman Deposit Scheme is for
a minimum period of 1 year to 10 years
A minimum period of 3 year to 10 years
a minimum period of 5 year to 10 years
no minimum time period specified for this scheme but maximum is 10 years
Ans : a minimum period of 3 year to 10 years
90 Which one is not a Term Deposit Scheme of Oriental Banak of Commerce.
Oriental Varishta Samman Deposit Scheme
Oriental Dhan Laxmi Deposit Scheme
Oriental Double Deposit Scheme
Both B & C
Ans : Both B & C
91 Under TD-306 Deposit amount Should be
Minimum Rs. 1000.00 than in multiple of Rs. 100.00
Minimum Rs.5000.00 than in multiple of Rs. 1000.00
Ans : Minimum Rs. 2000.00 than in multiple of Rs. 1000.00
92 In Variable Progressive Deposit Maximum monthly installement is
Amount of monthly installement may vary upto 5 times of the Core amount or max Rs. 50000/-
Ans : Amount of monthly installement may vary upto 5 times of the Core amount or max Rs. 50000/-
93 Scheme code for variable progressive deposit is
TD-306
TD-309
PD-315
None of the above
Ans: None of the Above
94 In Variable Deposit Scheme maximum Deposits transaction allowed in month is
Only one deposit transaction is allowed .
Maximum 2 deposits in a month be allowed only in case the customer make transaction through Ibanking / Mobile Banking .
Maximum 2 deposits in a month be allowed only in case the customer opts for SI facility.
No restriction on number of trnsactions. Only restriction is on deposit amount.
Ans : Maximum 2 deposits in a month be allowed only in case the customer opts for SI facility.
95 Maximum amount that can be deposited as monthly installement in VPD is
Rs. 50000.00
Rs. 50000.00 or 5 times of core amount, whichever is less
Rs. 50000.00 or 10 times of core amount , whichever is less
No restritions on monthly depsoit
Ans : Rs. 50000.00 or 5 time of core amount, whichever is less
96 TDS deducted to be remitted to IT authorities within…..
15 days from the date of deduction
7 days from the date of deduction
15 days in the succeeding month
7 days in the succeeding month
Ans : 7 days in the succeeding month

Ram Kumar aged above 65 years placed a term deposit and requests TDS exemption as his total income including interest income falls
97 below the taxable income, which form he need to submit to the bank?
Form G
Form H
Form S
a or b
Ans: Form H
98 Minimum & Maximum Time Period for NRE time deposits is
6 months and 3 years
1 year and 3 years
1 year and 10 years
15 days to 3 years
Ans : 1 year and 10 years
99 TDS on Interest is filed quarterly in the form
25Q
26Q
27Q
28Q
Ans : 26Q
100 As per RBI what does the expression “Bulk deposit” mean –
Single rupee Term Deposit of Rs.15 lakhs and above
Single rupee Term Deposit of Rs.50 lakhs and above
Single rupee Term Deposit of Rs.1 crore and above
Single rupee Term Deposit of Rs.2 crore and above
Ans : Single rupee Term Deposit of Rs.2 crore and above
IMPORTANT MCQ - IT & DBD

1. Maximum amount of Cash that can be deposited in a Cash Recycler by a customer in his/her account in a
single transaction is:
A. Rs.1.00 Lac B. Rs. 2.00 Lac C. Rs. 30.00 Lac D. Rs. 4.00 Lac
2. For IMPS, per transaction limit is Rs. 50,000/- for IB & MB and per day limit is:
A. Rs. 2.00 Lac B. Rs. 1.00 Lac C. Rs. 3.00 Lac D. Rs. 5.00 Lac
3. ATM Surprise Inspection and Cash Verification for the ATMs to be done :
A. At least once on weekly basis
B. At least once on fortnightly basis
C. At least once on monthly basis
D. At least once on bi-monthly basis
4. Minimum amount of transaction allowed in our bank's Mobile Banking (OBC MPay) for fund transfer
to other bank accounts is: :
A. Rs. 10/- B.Rs. 50/- C.Rs. 100/- D. No Minimum Limit
5. Cooling period to Manage (ie Addition/modification) beneficiary for NEFT/RTGS is 24 Hours, what is the
cooling period for IMPS (P2A) in Internet Banking:
A. 1 Hour B. 2 Hours C. 6 Hours D. 12 Hours
6. Under Net Banking facility, the maximum limit for Retail Tax Payment is:
A. Rs. 15.00 Lac B. Rs. 50.00 Lac C. Rs. 1.00 crore D. Rs. 10.00 crore
7. Customer can lodge chargeback request for disputed eCommerce transactions using reference
number. Such request can be lodged only after of transaction date & time by customer:
A. 12 Hour B. 24 Hours C. 36 Hours D. 48 Hours
8. Charges for cash withdrawal per transactions by using other Bank's ATMs located in Metro (Free upto 3
Transaction per month) and Non Metro Areas (Free upto 5 Transaction per month) after free
transactions:
A. Rs. 9/- B. Rs. 10/- C. Rs. 15/- D. Rs. 20/-
9. Which of the following is true:

A. Under IMPS, maximum daily limit: Internet Banking & Mobile Banking Rs. 1,00,000/-
B. Monthly rental amount for availing BHIM Aadhaar OBC for a Merchant: Rs. 100/-
C. Maximum number of transactions allowed in Mobile Banking Transactions: Per Day 25, Per Week
100,Per Month 250
D. Under IMPS, maximum daily limit: ATM Rs. 10,000/-,In Branch (through Finacle) Rs. 10.00 Lac
E. All are true
10. The IFS Code (Indian Financial System Code) allotted to Bank for enabling RTGS / NEFT transactions to
the customers, consists of :
A. First 4 Alpha + 0 + 6 ALPHA/ Numeric Characters
B. First 4 Alpha + 7 Numeric Characters
C. First 5 Alpha + 6 Numeric Characters
D. First 6 Alpha + 5 Numeric Characters
11. In our Bank, the Unique Transaction Reference (UTR) generated by the system, that can be used for
knowing/enquiring the fate of RTGS transaction consists of ____ digits:
A. 11 Digits ( 5 Alpha + 6 Numeric Characters)
B. 16 Digits (5 Alpha + 11 Numeric Characters)
C. 11 Digits (4 Alpha + 1 Beta + 1 Sigma + 5 Numeric Characters)
D. 16 Digits (4 Alpha + 2 Wild + 10 Numeric Characters)
12. MMID, which is required for money transfer consists of _____ digits:
A. 4 B. 7 C. 9 D. 5
13. In Internet Banking , maximum number of beneficiaries that can be added in a single day :
A. 5 B. 10 C. 15 D. 20
14. The Presenting Banks are required to preserve the physical cheques in thier custody, for a period of
Years as required under CTS:
A. 5 Years B. 7 Years C. 10 Years D. None of these
15. Which of the following is not true:
A. Charges for SMS is Rs. 15/- w.e.f. 30.09.2017 which is being levied in all operative account excluding
Basic Saving Deposit on Monthly Basis
B. SMS Alerts is being sent to customers, in case of Loan EMI notice on monthly basis 2 days before
the month end.
C. Per day limit in Retail Internet Banking: Rs. 25.00 Lac
D. In IMPS ,the channel wise per transaction limits in our bank are: ATM Rs. 10,000/-, Internet Banking
:Rs. 50,000/- Mobile Banking Rs. 50,000/-, Finacle Rs. 2.00 Lac
16. What is the format to block the ATM Card through PULL Based Service?
A. ATMBLOCK <single space>14 Digit Account Number <Single Space> Last 4 Digit of Card
Number
B. BLOCK <single space>14 Digit Account Number <Single Space> Last 4 Digit of Card Number
C. CARDBLOCK <single space>14 Digit Account Number <Single Space>Last 4 Digit of card
Number
D. None of these
17. How many times the customer can use miss call service in a day?
A. 2 times B. 3 times C. 4 times D. None of these
18. What is IMPS?
A. Immediate Payment Service B. Inter Bank Mobile Process & Service
C.Inter Mobile Payment Service D. Intra Bank Mobile Payment Service
19. Who has launched the service of IMPS?

A. NPCI B. FSS C. NFS D. HCL
20. In case of EMV Chip Based card, EMV Stand for

A. Electro Magnetic Verification B. Electro Magnetic Verifier
C Enhanced Magnetic Verification D. Euro Master Visa
21. Maximum Limit of I Banking Fund Transfer in a day

A. Rs. 10 Lac B. Rs. 20 Lac
C. Rs. 25 Lac D. No Limit
22. Maximum transaction that can be performed through I Banking in a day is

A. 10 B. 25 C. 50 D. No Limit
23. Number of Beneficiaries that can be added in I-Bank in a day is
A. 10 B. 20 C. 25 D. 50
24. CTS Stands for
A. Cash Transfer System B. Cheque Truncation System
C Cash Truncation System D. Cheque Transfer System
25. Under CTS, Environment

A. Physical Cheque is moved from Collecting Banker to Payee Banker
B. Image of Cheque is moved from Paying Banker to Collecting Banker
C. Image of Cheque is moved from Collecting Banker to Payee Banker
D. Physical Cheque is moved from Payee Banker to Collecting Banker
26. Under CTS Environment
A. It is the responsibility of the Collecting Banker to check the authenticity of the instrument, as
the same is stored at the collecting banker End.
B. It is the responsibility of the Paying Banker to check the authenticity of the instrument, as his
account is debited.
C. It is the responsibility of the customer to deposit authentic instrument.
D. It is the responsibility of the RBI to check the authenticity of the instrument, as he is the
coordinator of the CTS clearing .
27. The ATM card being issued in PMJDY is
A. VISA International B. Rupay International Card
C VISA International Gold (EMV) D. Rupay ATM cum Debit Card
28. What you should know for transferring funds to the beneficiary through IMPS
A. Ac/No & Mobile No B. Only Mobile No
C obile No & MMID or Account No. & IFSC D. Only MMID
29. Skimming is a cyber fraud which is mostly done through

A. Internet Banking B. Mobile Banking C. CBS D. ATMs
30. IT Infrastructure of the Bank consists of

A. Primary Data Centre at Delhi & Disaster Recovery Site at Mumbai
B. Primary Data Centre at Gurgaon & Disaster Recovery Site at Delhi
C. Primary Data Centre at Mumbai & Disaster Recovery Site at Delhi
D. Primary Data Centre at Mumbai & Disaster Recovery Site at Gurgaon
31. What is IMPS

A. 24x7 Fund Transfer facility provided by RBI
B. 24x7 Fund Transfer facility provided by NPCI
C. Fund Transfer facility under I Banking
D. 24x7 Fund Transfer facility under I Banking
32. What is full form of NACH

A. National Alternate Clearing House B. National Automatic Clearing House
C National Automated Clearing House D Notional Automatic Clearing House
33. Fund Transfer Limit for Mobile Banking is :

A. For NUUP Based : Rs. 5000/-
B. Rs 50000/- for NUUP & OBCmPay
C. Rs 5000/- for NUUP & OBCmPay
D. For NUUP Based : Rs. 50000/- & For OBCmPay= Rs. 5000/-¸
34. A computer in network is identified by
A. I P Address B. Place where it is kept
C Log in ID and Password of the userD.VSAT placed on the rooftop
35. "VIRUS" is
A. Malicious program to destroy computer data
B. Computer program to play games on computer
C. Very Intelligent, Resourceful and Useful System
D. Computer device to download the softcopy of data
36. "OS" in a computer stands for
A. Open Source B. Opening System C. Operating System D. Optional System
37. "Plastic Money" is referred to

A. Credit Card B. Debit Card C. ATM Card D. All the above
38. _______is not a storage device
A. RAM B. Pen drive C. Hard disk D. Compact Disk
39. The computers in all our branches are interconnected within the premises and this is called as
A. LAN-Local Area Network B. WAN-Wide Area Network
C.. Peer Network D. Star Network
40.Wherever networks are not possible, bank has gone for satellite connections otherwise called as —
A. WINSAT B. VSAT C. SAT D. VAT
41. The Processing of Retail Loan Proposal has been recently computerized and the package for it is
A. Lending Automation solutions (LAS) B. ALPS-Automated Lending Processing System
C Oriental Lend Smart (OLS) D. Lead Management solutions (LMS)
42. When customers of a Web site are unable to access it due to a bombardment of fake traffic, it
is known as:
A. a virus B Trojan horse C. Cracking D. denial of service attack
43. Inter Bank fund Transfer can take place through Branch after office hours through
A. HEPS B. IMPS C. DENPOS D. IHPS
44. COPEC of Oriental Bank of Commerce is situated at

A. Hyderabad B. Mumbai C. New Delhi D. Gurgaon
45. Which security feature is embedded in our I banking

A. Captcha Verification B. Photo & Phrase security
C. Security question D. Both B & C
46. ASBA is
A. Application for Saving Bank Account B. Apply Stocks through Bank Account
C. Application Supported by Blocked Amount D. Application supported by Bank Account
47. ASBA is a
A. Process for applying for opening a Saving Bank Account with a Bank.
B. Process for subscribing to an issue (IPO/Right issue), through a Saving Bank Account maintained
with Self Certified Syndicate Bank (SCSB)
C. Process for applying for a Saving Bank Account for subscribing to an issue (IPO/Right issue).
D. Process for subscribing to an issue (IPO/Right issue), in which application money in blocked in the
bank account maintained with Self Certified Syndicate Bank (SCSB)
48. Our Banks Internet Banking site is

A. https://www.obcindia.gov.in B. https://www.obcnetbanking.co.in
C. https://www.obconline.co.in D. https://www.obcibank.co.in
49. Recently IRCTC laubched its own payment Aggregator

A. IRCTC Pay B. IRCTC iPay
C. IRCTC dPay D. IRCTC Paynet
50. YONO (You Only Need One) is an integrated digital banking platform offered by
A. HDFC Bank B. State Bank of India
C. Bank of Baroda D. ICICI Bank
51 The term 'hot listing' of the credit card means that:

a) Rewards are due to customer due to good usage of card
b) Limit of card has been reduced
c) The card has been blocked due to certain reason
d) None of the above
52 To authenticate a Digital signature, which of the following keys are used:
a) Master key and customer key b) Private Key and public key
c) Private Key and customer key d) Public key and special key
53 Which of the following Act gives legal recognition to a digital signature:

a) Negotiable Instruments Act b) Income Tax Act
c) Information Technology Act d) Indian Evidence Act
54 A computer program which could infect the other programs or data is called:
a) system software b) application software
c) cybercrime d) virus e) computer fraud
55 The firewall technology is used in connection with:
a) having proper back up b) hardware safety from fire
c) Safety of hardware from theft
d) Protection of computer network from intrusion by hackers e) none of these
56 In case of a failed ATM transactions what is time line prescribed by RBI for re-crediting customer's
account
a) 3 days b) 7 days c) 7 working days d) 10 days
57 What is the amount of compensation that a customer is eligibte to received from his bank for
delayed credit for a failed ATM transactions.
a) Rs.100 for each day after 7m working day from the date of his complaint
b) Rs. 100 per day after 3rd working day from the date of this complaint
c) Interest @ 18% from 7th day of his complaint
c) Rs.100 per day from the date of his complaint subject to a maximum of transaction amount.
e) none of these
58 What is the date fixed by RBI by which all magnetic stripe should be replaced with EMV chip based
cards?
a) 31.12.2020 b) 31.12.2019 c) 30.06.2019 d) 31.12.2018
59 The Committee that suggested the Cheque Truncation System for inter Bank Transactions:
a) Rangaranjan Committee b) Shere Committee
c) VasudevanCommittee d) Saraf Committee
60 The Term SWIFT stands for which of the following :

a) Society for World Over International Financial transfers
b) Society for World Wide Inter bank Financial transfers
c) ) Society for World Wide Inter bank Financial telecommunication
d) Society for Worst International Financial terrorism
61. A system in which the collecting bank capture the electronic image of a cheque and sends the
electronic image (instead of the actual cheque) to the paying bank, for collection, is called:
a) cheque electronic clearing b) electronic cheque
c) truncation of cheques/instruments d) image transfer network e) none of these
62. BHIM stands for

a) Bharat Hi-tech instruments for money transfer b) Bharat immediate transfer of money
c) Bharat Interface for Money d) Better hand held instrument for transfer of
money
63. UPI Stands for
a) Unified payment Inerface b) United payment Interface
c) Unique payment Interface d) Universal payment Interface
64 AEPS Stands for

a) App enabled payment system b) Aadhar ended payment statement
c) All equipments parity system d) Aadhar enabled payment system
65 What is per transaction limit using BHIM

a) Rs.5000/- b) Rs.10,000/-
c) Rs.15,000/- d) Rs.20,000/ e) Rs. 25000/-
66 What is the per day limit for funds transfer to through accounts BHIM
a) Rs.20,000/- b) Rs.30,000/-
c) Rs.40,000/- d) Rs.50,000/ e) Rs. 1,00,000/-
67 In how many languages BHIM App is currently available:

a) 11 b) 12 c) 13 d) 14 e) 15
68 What is the maximum number of transaction that a customer can do through BHIM in 24 hours:
a) 5 b) 10 c) 20 d) 25 e) No limt
69 What is while label ATM

a) ATMs which are offline
b) ATMs from where cash can be withdrawn in designated foreign currencies
c) ATMs deployed by such banks which do not have branches in India
d) ATMs set up and operated by non bank entities
e) ATMs from where only premium customers can withdraw money
70 MMID stands for
a) Mobile Money Identifier b) Mobile Money Interface
c) Money Management identifier d) Monetary management identification
71 Which of the following is true about National Automated Clearing House (NACH)?
a) It is a centralized clearing system launched by the National Payments Corporation of India (NPCI).
b) It aims to replace and consolidate multiple existing Electronic Clearing Service (ECS) systems across
India
c) NACH platform has been created to replace the Electronic Clearing Service (ECS) system
d) NACH has the same day presentation and settlement, including returns processing.
e) All of the above
72 Using IMT facility a person can transfer money
a) Only to a person who is an account in any bank
b) Only to a person who is using a debit/card of any bank
c) To any person even if he does not have an account in any bank "or he is cardholder of any bank
d) Only to a foreign national who has come to visit India
e) None of the above
73 IMT stands for
a) Indian Money Transfer b) International Monetary Trade
c) Instant Mechanism for Transfer d) Instant Money Transfer
74 Maximum amount that a person can transfer using IMT facility is

a) Rs. 10,000/- per transaction with no other capping
b) Rs. 10,000/- per txn with a cap of Rs.25,000 p.m
c) Rs. 25,000 per transaction subject to a cap of Rs.1,00,000 p.m.
d) Rs. 10,000/- per transaction subject to a maximum of Rs.25,000/- per day
e) There is no limit
75 What is a brown labeled ATM
a) At ATM owned by the bank but outsourced to a third party for its cash management
b) Brown labeled ATMs including other machines like UPS are owned by service providers, ATM
sites are also hired by them
c) ATMs where customers of all banks including foreign bank can do the transactions
d) ATMs where card can be operated using biometrics
76 Under Rupay Insurance scheme the amount insured becomes payable:
a) Only on the death of the cardholder
b) On death or permanent disablement of cardholder
c) On death of any member of cardholders' family
d) On Death or permanent disablement of any member of cardholders' family
e) none of the above
77 Under Rupay Insurance scheme what is amount for which insurance cover is available
a) Rs. 1 lac for all Rupay cardholders
b) Rs. 2 lacs for all Rupay cardholders
c) Rs. 1 lac for all non premium Rupay cardholders and Rs. 2 lacs for all premium Rupay
cardholders
d) Rs. 50,000 for all non premium Rupay cardholders and Rs. 1 lacs for all premium Rupay
cardholders
e) Rs. 5 lacs for all cardholders
78 What shall be bank's liability if a customer reports certain unauthorized electronic transactions in his
account where it is found by the bank that neither bank nor customer was responsible for such
transactions.
a) There is no liability of the bank
b) Bank is fully liable for all the transactions
c) Bank shall be fully liable provided customer notifies the unauthorized transactions within 3
days from the receipt of communication to him
d) Banks liability is restricted up to Rs.1,00,000 only
e) It may differ from bank to bank
79 What shall be bank's liability if a customer reports about certain unauthorized electronic transactions
in hisaccount after 7 days of receipt of communication to him where it is found that neither bank nor
customer was responsible for such transactions?
a) Bank shall be liable only for the transactions of first 3 days
c) Bank shall be liable for only such unauthorized transactions, if any, that take place in his
account after he informs the bank about above unauthorized transactions
d) Banks liability is restricted up to Rs.1,00,000 only.
80 What shall be bank's liability if a customer reports about certain unauthorized electronic transactions
in his account where it is found that customer was himself responsible for the same?
a) There is no liability of the bank
c) Bank shall be liable only for any loss, if any occurring to customer after the reporting of te
unauthorized
transaction to the bank
d) Banks liability is restricted up to Rs.25,000 only
81 What is the difference between MICR and IFSC code?
a) MICR is a 9 digit numerical code and IFSC is 11 digit alpha numeric code
b) MICR is primarily used for clearing of cheques whereas IFSC is used for electronic funds transfer
through RTGS/NEFT etc.
c) MICR code contains city code also but IFSC has no city code
d) All of the above are correct
e) None of the above is correct
82 The device that converts the digital signals to analog signals and analog signals to digital signals:
a) USB b) Switch c) Router d)Modem e) None of the
above
83 IDRBT stands for which of the following
a) Institute for Development and Research in Banking Technology
b) Institute for Development and Research in Business Technology
c) Institution of Development and Research in Banking Technology
d) Institute for Development of Rural Banking Technology
84 Which of the following is not true about Immediate Payment Service (IMPS)?
a) IMPS offers an instant, 24X7, interbank electronic fund transfer service through Internet Banking
b) IMPS offers an instant, 24X7, interbank electronic fund transfer service through Mobile Banking
c) The facility is provided by National Payments Corporation of India through its NFS switch.
d) To use IMPS, both the account holder and beneficiary need to have Mobile Money Identifier (MMID)
e) IMPS allows instant money transfer
85 What is the maximum permissible cash withdrawal limit through POS terminals
a) Rs. 1000/-at all centers of India
b) Rs.2000/- at all centers of India
c) Rs. 1000/- at tier I and tier II centers and Rs.2000 from tier III to tier VI centers
d) Banks have the liberty to fix this limit e) None of the above
86 What are the maximum charges that can be recovered from customers for withdrawing cash from
POS terminals?
a) Rs.10/- per transaction b) 1% of the transaction amount
c) 1% of the transaction amount, maximum Rs.10A
d) At par with cash withdrawal charges levied on ATM transactions e) None of the above
87 What is the minimum number of ATM transactions done by the customer on the ATMs of other
banks which have to be provided free of cost
a) 5 transactions at all centers b) 8 transactions at all centers
c) 3 transactions at metro centers and 5 transactions at other centers
d) 5 transactions at metro centers and 8 transactions at other centers e) None of the
above
88 Which of the following term is used for Requesting money in UPI?

a) Pull. b) Push c) Draws d) Ask e) None of these
89 Which of the following term is used for Remitting money in UPI?
a) Pull. b) Push c) Draws d) Ask e) None of these
90 What is meant by PSP in UPI ecosystem?

a) Payment system player b) Payment system plugged
c) Play station portable d)
Portability, security in Payments
91 What is the full form of UTR?
a) Unlimited Transaction Range b) Unified Transaction Reference
c) Unrestricted Transaction Range d) Unique Transaction Reference
92 What is the full form of MDR?
a) Marginal Depreciation Rate b) Material Depreciation Rate
c) Merchant Deficiency Reporting d) Merchant Discount Rate
93 Which of the following is not true about National Electronic Funds Transfer (NEFT) system?
a) There is no limit on transaction through NEFT
b) NEFT settlement takes place in hourly batches
c) NEFT is a payment system managed by RBI
d)Only NEFT enabled bank branches can be a part of the NEFT funds transfer network
e) All the above are correct
94 RBI has permitted relaxation for additional factor of authentication in case of contact less cards up to
which amount?
a) Rs. 1000/- Per Transaction b) Rs. 2000/0Per Transaction
c) Rs. 2500/- Per Transaction d) Rs. 5000/- Per Transaction d) None of the above
95 What is meant by gross settlement in context of RTGS?

a) Each transaction is settled by RBI on one to one basis
b) Amount is credited in the account of customer first and settlement takes place later
c) RBI does not take any settlement fee from the banks
d) All of the above e) None of the above
96 What is time limit for crediting RTGS funds into the account of the customer from the time when
beneficiary bank received the message?
a) Instantly b) Within 15 minutes c) Within 30 minutes
d) Within 45 minutes e) Within one hours
97 What is the maximum fee per transaction which can be recovered from a customer who utilizes
ATM services beyond the limit of permissible free transactions?
a) Rs.10 plus GST b) Rs.20 plus GST
c) Rs.25 plus GST d) Banks are free to decide this fee e) None of the above
98 What is the full form of VPA?

a) Very Protected Address b) Virtual Payment Advice c) Virtual Payment Address
d) Vital Payment Authorization e) None of the above
99 What is the maximum transaction amount that can be transferred using UPI services.
a) Rs.50,000 per transaction b) Rs.1,00,000 per transaction
c) Rs.2,00,000 per transaction d) There is no upper limit e) None of the above
100 What is the full form of URL?

a) Unique Reference Location b) Uniform Resource Locator
c) Unique Resource Locator d) Unique Reference Label e) None of the above
101Which of the following cannot be treated as part of the computer hardware:
a mother board b cards c memory d ports e power supply
102 The software that consists of all the programs, languages and documents supplied by the
manufacturer of the computers is called:
a) application software b) system software c) utility software
d) a and c e) b and c
103 The term VSAT stands for which of the following:
a) variable small aperture terminal b) very small available terminal
c) very small aperture terminal d) variety of small aperture terminals e) none of the
above
104 The frauds and other kind of crimes that happen on the internet network are called:
a internet frauds b internet crimes c cyber crimes
d electronic frauds e all the above
105 Which of the following incident cannot be treated as part of the cyber crime activity:
a deciphering domain name b mis-configuring a web site c misusing a credit card
d transmitting data from one part of the globe to another
e using the network for drug trafficking
106 The process of transformation of a message into an incomprehensible data through use of
mathematicalalgorithms is called:
a) deciphering b) encryption c) decryption d) coding e) decoding
107 Inbuilt storage device in computer is called:
a ROM b CPU c Hard Disk d RAM
108 The software that is used for a centralized environment in banking operations is called:
a central branch solutions b core banking situations c centralized banking solutions
d centralized business solutions e a and c
109 The electronic system through which a company or a mutual fund can make payment of dividend
to a large number of shareholders or unit-holders:
a MICR b truncation c ECS-debit d ECS - credit
110 The part of the computer that makes use of primary memory:
a storage unit b central processing unit c output devices
d computer user e all the above
111 Which of the following is the biological aspect of a computer:
a finger b hand c retina d a to c e b and c
112 Which of the following is the instrument of payment called Plastic Money :
a identity card b plastic card c credit card
d greeting card e banker's cheque
113 Which of the following is the measurement unit for processor speed:
a megabytes b megahertz c mega characters
d nano seconds e a and b
114 Operating system is known as:
a operating software b application software c operating hardware d system software
115 In a MICR cheque, which of the following code does not match the description:
a first 6-digit code - cheque number b central 09-digit code - city, bank and branch code
c last 2-digit code - transaction code such as saving or current account d none of the above
116 An electronic substitute for a manual signature that serves the function as a manual signature is
called:
a: encrypted signature b decrypted signature c: digital signature d:pass word
117 The system in which a user of any utility service like telephone, electricity, gas etc. can make the
payment from his bank account, without a reference to him, by giving the authority, is called :
a MICR b truncation c ECS - debit d: ECS - credit
118 Which of the following determines the speed of the computer system:
a physical size of the computer unit b physical size of the hard disk
c capacity of the microprocessor d speed of the monitor
119 The process that replaces the physical flow of cheques with electronic information or scanned image
a electronic clearing system b real time gross settlement
c cheque truncation d electronic funds transfer
120 Which of the following is the order in which the sorting is carried out in MICR system:
a city, bank, branch b instrument, city, bank c bank, instrument, city
d instrument, bank, city e bank, city, instrument
121 The term booting is used in connection with which of the following:
a activation of the computer b activation of internet
c activation of the smart card d activation of ATM e b and d above
122 Which of the following is a feature of a real time system?
a where processing takes place in batches
b where the processing takes place on-line with time delays
c where processing takes place instantly without time delays
d where processing takes place within one hour,
e where processing takes place online.
123 The art and science of keeping files and messages secured is called:
a: encryption b: decryption c: pass phrase d: cryptography
124 Encoding the contents of a message in such a way that hides the contents from outsider is
called:
a) encryption b) decryption c) pass phrase d) cryptography
125 What is the name for the system which uses electronic means to collect payments from
customers made by the credit/debit card holders and installed at retailers:
a) ATM b ) POS c ) CBT d) CIP
ANSWER KEY - IT & DBD QUESTION
1 D 21 C 41 C 61 C 81 D 101 C 121 A
2 B 22 B 42 D 62 C 82 D 102 B 122 C
3 C 23 A 43 B 63 A 83 A 103 C 123 D
4 A 24 B 44 D 64 D 84 D 104 C 124 A
5 A 25 C 45 D 65 D 85 C 105 E 125 B
6 D 26 A 46 C 66 C 86 B 106 B
7 D 27 D 47 D 67 C 87 C 107 C
8 D 28 C 48 C 68 B 88 A 108 C
9 E 29 D 49 B 69 D 89 B 109 D
10 A 30 C 50 B 70 A 90 A 110 B
11 B 31 B 51 C 71 E 91 D 111 D
12 B 32 C 52 B 72 C 92 D 112 C
13 B 33 A 53 C 73 D 93 B 113 B
14 C 34 A 54 D 74 B 94 B 114 D
15 D 35 A 55 D 75 B 95 A 115 D
16 B 36 C 56 C 76 B 96 C 116 C
17 B 37 D 57 A 77 C 97 B 117 C
18 A 38 A 58 D 78 C 98 C 118 C
19 A 39 A 59 D 79 C 99 B 119 C
20 D 40 B 60 C 80 C 100 B 120 A
IMPORTANT MCQS – MSME CREDIT
1
Under Bank’s scheme for financing to MSME segment –OBC MSME Plus Scheme quantum of total exposure is kept up to-
A. Rs.50.00 Crore
2 A Small Enterprise (Manufacturing) is an Enterprise where the Original investment in plant and machinery is-
A. more than Rs. 25 lacs but does not exceed Rs. 2 crore;
3
Under OBC MSME Plus Scheme benchmark Current Ratio for limit up to Rs.5 cr as per latest audited balance sheet is kept as under-
A. 1.25:1
B. 1.13:1
C. 1.33:1
D.None of the above
ANSWER. D
4
Under OBC MSME Plus Scheme benchmark Current Ratio for limit up to Rs.5 cr as per latest audited balance sheet is kept as under-
A. 1.17:1
5 Under OBC MSME Plus Scheme benchmark Current Ratio for limit up to Rs.5 cr as per latest audited balance sheet and Collateral
Coverage more than 100% is kept as under-
A. 1.10:1
6 Under OBC MSME Plus Scheme benchmark Current Ratio for limit above Rs.5 cr as per latest audited balance sheet and Collateral
Coverage more than 100% is kept as under-
A. 1.17:1
7
Under OBC MSME Plus Scheme benchmark Current Ratio for limit above Rs.5 cr as per latest audited balance sheet is kept as under-
A. 1.25:1
8 Under Bank’s scheme for financing to MSME segment –OBC –Tatkal – ROI applicable is-
A. 1.00% additional ROI over & above the sanctioned ROI
9 Under Bank’s scheme for financing to MSME segment –OBC MSME –CDL (Contingency Demand Loan) ROI applicable is-
A. 1.00% over & above existing rate on fund based facility till regular sanction of Term loan
10
Under Bank’s scheme for financing to MSME segment –OBC –Tatkal – Maximum Period of additional Facility in one starch is
A. Maximum 90 days
11 Under Bank’s scheme for financing to MSME segment –OBC –Tatkal – Working Capital Facility- Additional working capital facilities
available is-
A. 15% of existing working capital limit separately for fund based and non fund based subject to maximum of Rs.3.00 crore.
Under Bank’s scheme for financing to MSME segment –OBC MSME –CDL (Contingency Demand Loan) maximum eligible amount is -
12
A. Upto 15% of the investment cost in P&M (Gross Block Value) as per last audited balance sheet with maximum cap of Rs.1.50 crore.
13 Under Bank’s scheme for financing to MSME segment –OBC MSME Plus Scheme in case of sanction of term loan-
A. Average DSCR minimum 1.50:1 and repayment period maximum 7 years
14 Under OBC MSME Plus Scheme benchmark Current Ratio for limit up to Rs.5 cr as per latest audited balance sheet is kept at
A. 1.17:1
15 A borrower seeking limits under Consortium Banking Arrangement may be considered for financing under OBC MSME Plus Scheme.
A. Correct
Under OBC MSME Plus Scheme, value of Collateral Coverage stipulation at least 50% of the exposure (FB+NFB) is one of the
16 condition.
A. Correct
17 Under Bank’s scheme for financing to MSME segment –OBC –Tatkal – Maximum Period of additional Facility in one FY is-
A. Maximum 180 days
18
Under Bank’s scheme for financing to MSME segment –OBC –Tatkal – Maximum Number of time, additional Facility allow in one FY is-
A. 3
19 Under Bank’s scheme for financing to MSME segment –OBC –Tatkal ------------ days gap required for allowing agaon additional Facility
is-
A. 15
20 Who is eligible for allowing for maintain more than one Current Account with other Branch/ Bank under MSME Plus
A. HLCC-GM
21 What is Min. internal rating for existing borrower under MSME Plus
A. OBC-5
22 Under OBC MSME Plus Scheme benchmark Debt Equity Ratio/ Adjusted Debt Equity Ratio ratio is-
A. 3:1
23 Under OBC MSME Plus Scheme benchmark Leverage Ratio/ Adjusted Leverage Ratio ratio is-
A. 4:1
24 If Ratio are not within Benchmark, A/c Discontinue under MSME Plus
A. Correct
25 Investment made/ loan granted to sister/ group concern to be deducted from TNW to arrive ATNW under MSME Plus
A. Correct
under MSME Plus, extent of cash margin (in case of Non fund based limit) over and above 10% shall be considered for the
26 computation of collateral coverage.
A. Correct
27 under MSME Plus, Collateral security charged in any existing A/c, can extend to A/c cover under MSME Plus
A. Correct
under MSME Plus, Actual RV of primary security in form of land and Building mortgaged with bank over 150% of loan amount
28 can reckoned for collateral coverage
A. Correct
Collateral security charged in MSME Plus A/c, can extend to other Facility. To the extent of residual value of the property i.e.
29 property value in excess of 100% of the limit
A. Correct
Collateral security charged in MSME Plus A/c, can not extend to other Facility. To the extent of residual value of the property i.e.
30
property value in excess of 100% of the limit
A. Incorrect
A. Incorrect
A. Incorrect
33 Tatkal/ Adhoc/ overlimit extended to borrower shall not reckoned while arrive the collateral coverage under MSME PLus.
However collateral coverage must not go below 50% after taking Tatkal/ Adhoc/ overlimit faculty.
A. Correct
34 Cash Profit is Profit after tax + Depreciation
A. Correct
35 Under MSME Plus, Unit in cash profit (Profit after tax + Depreciation) in each preceding two years
A. Correct
36 Under OBC MSME Plus Scheme rate of interest is charged as per Collateral Coverage.
A. Correct
ROI for account cover Under MSME Plus for Rs. <= Rs. 10.00 Cr. And collateral coverage from 50% to 75%
37
A. I Yr MCLR+2.00%
ROI for account cover Under MSME Plus for Rs. <= Rs. 10.00 Cr. And collateral coverage Above 75% upto 100%
38
A. I Yr MCLR+1.75%
ROI for account cover Under MSME Plus for Rs. <= Rs. 10.00 Cr. And collateral coverage Above 100% upto 150%
39
A. I Yr MCLR+1.25%
ROI for account cover Under MSME Plus for Rs. <= Rs. 10.00 Cr. And collateral coverage Above 150%
40
A. I Yr MCLR+1.00%
ROI for account cover Under MSME Plus for Rs. 15.00 Cr. And collateral coverage Above 150%
41
A. I Yr MCLR+1.50%
ROI for account cover Under MSME Plus for Rs. 15.00 Cr. And collateral coverage Above 100% upto 150%
42
A. I Yr MCLR+1.75%
ROI for account cover Under MSME Plus for Rs. 15.00 Cr. And collateral coverage Above 75% upto 100%
43
A. I Yr MCLR+2.00%
ROI for account cover Under MSME Plus for Rs. 15.00 Cr. And collateral coverage Above 50% to 75%
44
A. I Yr MCLR+2.25%
45 Under MSME Plus, SMA1/ SMA2/ NPA Account, Charge 2% Additional Interest till reclassified as standard account
A. TRUE
B. False
ANSWER. A
Max. 25% concession in process fee / upfront fee till cover under MSME Plus scheme
46
A. TRUE
B. False
ANSWER. B
Max. 50% concession in process fee / upfront fee till cover under MSME Plus scheme
47
A. TRUE
B. False
ANSWER. A
50% Concession in ABB, Cheque Book Charge and DD Charge allow by respective sanction authority FOR ACCOUNT COVER UNDER
48 msme Plus.
A. TRUE
B. False
ANSWER. A
49 Real estate and NBFC not cover under MSME Plus scheme
A. TRUE
B. False
ANSWER. A
50 What is the maximum loan limit under OBLS
A. Rs.75.00 lacs
B. Rs.950.00 lacs
C. Rs.7500.00 lacs
ANSWER. C.
51 Who among below is eligible for OBLS
A. Traders
B. MSME units, Contractors
D. All of above
ANSWER. D.
52 Who among below is not eligible for OBLS
A. Commission agents
B. Real estate/ Capital market / for investment in sister/ group concern
C. Builders/ Property Dealers / Real estate agent
D. B & C above
ANSWER. D.
53 Minimum residual life of the property in old properties ( more than 25 years) should be
A. Equal to repayment period of loan
B. Atleast One year more than repayment period of loan
C. Atleast Five years more than repayment period of loan
ANSWER. C.
54 Extension of charge on property already mortgaged in other a/c to OBLS is subject TO

A. VTL in excess of 100% of existing limit
B. Minimum LTV of 75% for existing loan
C. Min VTL of 150% for existing loan subject to margin clause of 50% for present loan
ANSWER. C.
55 What is the primary security in OBLS

A. Hypothecation of Stock and book debts
B. Mortgage of immoveable property .
ANSWER. B.
56 Under OBLS working capital limit can be sanctioned up to

A. 40% of estimated annual sales/ income
B. 65% of the realizable value of the property or 20% of the estimated annual sales/ income whichever is less
C. 60% of the realizable value of the property / OR / 25% of the estimated annual non digital sales/income and 30% of digital sales, whichever is less
ANSWER. C.
57
Under OBLS term loan can be sanctioned up to
A. 80% of the assets to be created out of term loan
B. 75% of the assets to be created out of term loan or 60% of the realizable value of the property, whichever is less
ANSWER. B.
58
What is the applicable ROI on OD and Term Loan under OBLS
A. BR + 3.25%
B. 6 Months MCLR + 2.25%
C. 1 Year MCLR + 2.25%
ANSWER. C.
59 Accounts under OBLS shall be rated as per

A. Internal credit risk rating model for the OBLS
B. Respective model under IMaCS credit rating
ANSWER. B.
60
What is the repayment period for term loan under OBLS
A. Max 74 months including moratorium period
B. Max 84 months including moratorium period
ANSWER. B.
61 What is the maximum moratorium period for term loan under OBLS
A. 5 months
B. 6 months
C. 3 months
ANSWER. C.
62
Loan under OBLS shall be classified under
A. Priority sector.
B. Non Priority sector
C. Priority sector or non priority sector as per business activity of the borrower
ANSWER. C.
63
Which among the following statements is correct
A. Only overdraft and term loan can be sanctioned under OBLS
B. Overdraft, term loan and non fund based credit facilities can be sanctioned under OBLS
ANSWER. B
64
Penal interest @ 1% shall be charged over and above normal rate of interest if the borrower has failed to
A. Route entire sales/ turnover through the overdraft account during the FY
B. Route 75% of turnover through the overdraft account during the FY
ANSWER. B.
65 Which among the following statements is correct

A. Loan against mortgage of agriculture land can also be sanctioned
B. Business entity engaged in agricultural activity can also avail loan under OBLS
`
ANSWER. B.
66
Which among the following statements is correct
A. Prior to sanctioning and disbursal of credit facility, the borrower must be having an operative account (CA/CC/OD) with the bank
67
Who among the following is not eligible for loan under OBLS
A. Business entities dealing in Gems & Jewellery
B. Business entities dealing in Software
C. IT Enterprises.
D. Business entities dealing in capital market
ANSWER. D.
68 Which of the following is correct
A. Competent authority can permit extension of charge over property already mortgaged in OBLS irrespective of VTL ratio
B. Extension of charge over the property already mortgaged in OBLS is not permissible
C. Extension of charge over the property already mortgaged in OBLS can be permitted by competent authority to the extent of spill over available i.e.
property value in excess of 200% of the limit under OBLS
ANSWER. C.
69
Term loan can be sanctioned up to
A. 60% of the assets to be created out of term loan
B. 75% of the assets to be created out of term loan but not more that 60% of realizable value of the property
ANSWER. B.
70
Non fund based limit can be sanctioned under OBLS up to
A. 50% of the realizable value of the property or 20 % of the estimated annual sales/ income, whichever is less
B. 50% of the realizable value of the property
C. As per need based request of the borrower but total exposure should not exceed 60% of the realizable value of the property
ANSWER. C.
71 Which of the following is not correct

A. While considering term loan, it shall be ensured that the borrower has adequate cash flow from business/ existing income to serve the installments
B. As the loan under OBLS is sanctioned against mortgage of the property, hence, cash flow/ income to serve the installments is not necessary
ANSWER. B.
72
Which of the following statements is correct
A. Legal vetting of the documents for loan under OBLS is not required
B. Legal vetting of the documents for loan under OBLS is required for loan above Rs.2.00 Crore
C. Prior to release of the facility a legal vetting shall be obtained from Bank’s panel advocate/ legal retainer/ law officer (as applicable) on valid
documents and mortgage
ANSWER. C.
Documentation charges for credit facility above Rs. 1.00 Cr. Under OBLS
73
A. Rs. 1500+ NIL GST
B. Rs. 2500.00 + GST
C. Rs. 5000.00 + GST
ANSWER. C.
74
Maximum Concession allowed by respective sanction Authority in Cash Handling Charge under OBLS
A. 75%
B. 50%
ANSWER. B.
75
What is Foreclosure Charge/ Pre Payment penalty for Term Loan under OBLS
A. 2% of Outstanding Amount.
76 What is Foreclosure Charge/ Pre Payment penalty for Working Capital Limit under OBLS
A. 2% of limit Sanction
B. 1% of limit Sanction
ANSWER. B.
is Film Industery eligible for credit facility under OBLS

77
A. Yes
Which is eligible for avail credit facility under OBLS

78
A. Speculative & purpose prohibited by law
B.Real estate/capital market/ investment in or for giving loans to associate/group/sister concerns
C. Contractors/ Commission Agents
ANSWER. C.
whether Let Out Property is eligible as security under OBLS

79
A.Yes, CMLCC-HCB & Credit Committees at Head Office have been empowered
Any concession in Cash handling charge under OBLS

80
A. With Prior permission from RBI.
B.Yes, 50% concession by respective sanction authority
ANSWER. B.
Newly established units are eligible for credit facilities under OBLS;
81
A. Yes
B. No
C. May be or may not be
ANSWER. A.
Overlimit/ Adhoc facility is eligible under OBLS;

82
A. Yes
B. No
C. Yes, within respective sanction Authority
D.Yes, By next higher Authority
ANSWER. C.
Concession in Commission for Non Fund limit under OBLS

83
A. Yes, 25% concession in applicable charges subject to minimum 15% cash margin.
B. Yes, 25% concession in applicable charges subject to minimum 125% cash margin.
ANSWER. A.
Under Bank’s scheme for financing to MSME segment –OBC MSME Plus Scheme in case of sanction of term loan-
84
A. Average DSCR minimum 1.50:1 and repayment period maximum 7 years
B. Average DSCR minimum 1.50:1 and repayment period maximum 5 years
ANSWER. A
Only New Borrowers are to be considered for financing under OBC MSME Plus Scheme.
85
A. Yes
B. No
ANSWER. B
Under OBC MSME Plus Scheme benchmark Current Ratio for limit up to Rs.5 cr as per latest audited balance sheet is kept at 1.17:1.
86
A. Yes
B. No
ANSWER. A
Under OBC MSME Plus Scheme rate of interest is charged as per internal credit rating.
87
A. Yes
B. No
ANSWER. B
To ensure that MSMEs do not remain small and medium units merely to remain eligible for priority sector status, the MSME units shall
88 continue to enjoy the priority sector lending status up to -------------------- after they grow out of the MSME category concerned
A. two years
B. three years
ANSWER: B
which is the online plateform for Factoring Transactions for MSMEs

89
A. RXIL
B. Invoicemart
C. Both A & B
ANSWER: C
RXIL is the online plateform for Factoring Transactions for MSMEs, a venture of
90
A. NABARD
B. SIDBI
ANSWER: B
KVI sector will be eligible for classification under the sub-target of 7.5 percent for Micro Enterprises under priority sector.
91
A. Yes
B. No
ANSWER. A
Credit outstanding under General Credit Cards is not part of MSME finance and cover under Priority sector.
92
A. Yes
B. No
ANSWER. B
Loans to co-operatives of producers in the decentralized sector viz. artisans, village and cottage industries is part of MSMEfinance and
93 cover under Priority sector.
A. Yes
B. No
ANSWER. A
Bank loans to food and agro processing units shall part of Agriculture finance & cover under Priority sector.
94
A. Yes
B. No
ANSWER. A
what is the maximum exposure in Oriental Budget Hotels & Restaurants scheme
95
A. Rs.0.50Crore
B. Rs.10.00Crore
ANSWER. B
what is the maximum exposure for overdraft in Oriental Budget Hotels & Restaurants scheme
96
A. Rs.0.50Crore
B. Rs.10.00Crore
ANSWER. A
what is the entry level Credit risk rating in Oriental Budget Hotels & Restaurants scheme
97
A. OBC 7
B. OBC 6
C. OBC 5
ANSWER. C
what is the maximum Debt equity ratio/adjustable DE ratio in Oriental Budget Hotels & Restaurants scheme
98
A. 4:1
B. 2:1
ANSWER. A
what is the maximum Leverage ratio/ Adjustable ratio in Oriental Budget Hotels & Restaurants scheme
99
A. 4:1
B. 6:1
ANSWER. B
what is the minimum DSCR ratio in Oriental Budget Hotels & Restaurants scheme
100
A. 2:1
B. 1.5:1
C. 1.40:1
ANSWER. C
what is the maximum Repayment Period in Oriental Budget Hotels & Restaurants scheme
101
A. 9 years
B. 6 years
C. 5 years
D. 10 years
ANSWER. D
what is the minimum level of Collateral Security in Oriental Budget Hotels & Restaurants scheme for loan above 10 lakhs
102
A. 25%
B. 50%
ANSWER. A
ROI linked with collateral coverage in Oriental Budget Hotels & Restaurants scheme
103
A. true
B. false
ANSWER. A
ROI not linked with collateral coverage in Oriental Budget Hotels & Restaurants scheme
104
A. true
B. false
ANSWER. B
what is ROI for credit facility in Oriental Budget Hotels & Restaurants scheme if collateral coverage 25% to 50%
105
A. 1 Yr MCLR+1.00%
B. 1 Yr MCLR+1.75%
C. 1 Yr MCLR+2.50%
ANSWER. C
what is ROI for credit facility in Oriental Budget Hotels & Restaurants scheme if collateral coverage 50% upto 75%
106
A. 1 Yr MCLR+2.50%
B. 1 Yr MCLR+2%
ANSWER. B
what is ROI for credit facility in Oriental Budget Hotels & Restaurants scheme if collateral coverage Above 75% upto 100%
107
A. 1 Yr MCLR+1.00%
B. 1 Yr MCLR+1.75%
ANSWER. B
what is scheme code for term loan in Oriental Budget Hotels & Restaurants scheme
108
A. TL641
B. TL687
ANSWER. B
what is the maximum exposure in Oriental fleet loan scheme

109
A. Rs.5.00Crore
what is the maximum exposure for overdraft in Oriental fleet loan scheme
110
A. Rs.0.50Crore
what is the entry level Credit risk rating in Oriental fleet loan scheme
111
A. OBC 5
what is the minimum margin for purchase of Chassis in Oriental fleet loan scheme
112
A. 20%
what is the minimum margin for cost for Body Building in Oriental fleet loan scheme
113
A. 30%
what is the minimum DSCR ratio in Oriental fleet loan scheme

114
A. 1.30:1
what is the maximum Repayment Period in Oriental fleet loan scheme

115
A. 5 years
what is the minimum level of Collateral Security in Oriental fleet loan scheme if Covered under CGTMSE
116
A. 25%
what is ROI for credit facility in Oriental fleet loan scheme if collateral coverage 25% to 50%
117
A. 1 Yr MCLR+2%
what is ROI for credit facility in Oriental fleet loan scheme if collateral coverage 50% upto 75%
118
A. 1 Yr MCLR+2%
what is ROI for credit facility in Oriental fleet loan scheme if collateral coverage Above 75% upto 100%
119
A. 1 Yr MCLR+1.75%
what is scheme code for term loan in Oriental fleet loan scheme
120
A. TL685
B. TL687
ANSWER. A
what is the minimum margin for cost on Road Tax & Insurance expenses in Oriental fleet loan scheme
121
A. 20%
B. 25%
C. 10%
ANSWER. C
Loans for food and agro processing will be classified under Agriculture up to an aggregate sanctioned limit of Rs.100 crore per borrower
122 from the banking system
A. false
B. true
ANSWER. B
what is the minimum margin for term loan under Financing to Agro-Processing / Food Processing / Agro-Based Industries
123
A. 20%
B. 25%
ANSWER. A
Is ROI linked with collateral coverage in Financing to Agro-Processing / Food Processing / Agro-Based Industries, if collateral coverage
124 above 30%
A. true
B. false
ANSWER. A
what is ROI for credit facility in Financing to Agro-Processing / Food Processing / Agro-Based Industries if collateral coverage 100% or
125 Above
A. 1 Yr MCLR+1.00%
B. 1 Yr MCLR+1.75%
C. 1 Yr MCLR+2.50%
D. 1 Yr MCLR+0.75%
ANSWER. D
what is ROI for credit facility in Financing to Agro-Processing / Food Processing / Agro-Based Industries if collateral coverage Less than
126 100%-upto75%
A. 1 Yr MCLR+1.00%
B. 1 Yr MCLR+1.75%
ANSWER. A
what is ROI for credit facility in Financing to Agro-Processing / Food Processing / Agro-Based Industries if collateral coverage Less than
127 75% -upto 50%
A. 1 Yr MCLR+1.00%
B. 1 Yr MCLR+1.25%
ANSWER. B
what is scheme code for term loan in Financing to Agro-Processing / Food Processing / Agro-Based Industries
128
A. TL685
B. TL687
C. TL701
ANSWER. C
Loans for food and agro processing will be classified under MSME up to an aggregate sanctioned limit of Rs.100 crore per borrower from
129 the banking system
A. false
B. true
ANSWER. A
what is the exposure limit in OLA Tie-up for financing Taxies scheme
130
A. Upto Rs. 10 Lacs per vehicle, maximum Rs 100 lacs
B. Upto Rs. 10 Lacs per vehicle, maximum Rs 50 lacs
ANSWER. B
what is the maximum Repayment Period in OLA Tie-up for financing Taxies scheme
131
A. 7 years
B. 6 years
C. 5 years
ANSWER. C
what is the minimum level of Collateral Security for Loan amount above Rs. 10.00 Lacs in OLA Tie-up for financing Taxies scheme
132
A. 25%
B. 50%
C. 100%
ANSWER. C
ROI linked with collateral coverage in OLA Tie-up for financing Taxies scheme
133
A. true
B. false
ANSWER. B
ROI not linked with collateral coverage in OLA Tie-up for financing Taxies scheme
134
A. true
B. false
ANSWER. A
what is ROI for credit facility in OLA Tie-up for financing Taxies scheme for Rs 5.00 lacs loan
135
A. 1 Yr MCLR+1.00%
B. 1 Yr MCLR+1.75%
C. 1 Yr MCLR+1.50%
ANSWER. C
what is ROI for credit facility in OLA Tie-up for financing Taxies scheme for Rs 15.00 lacs loan
136
A. 1 Yr MCLR+2%
what is scheme code for term loan in OLA Tie-up for financing Taxies scheme
137
A. TL641
B. TL687
C. TL655
ANSWER. C
what is Process Fee for term loan upto Rs 5.00 lacs in OLA Tie-up for financing Taxies scheme
138
A. 0.50%
B. 1%
C. Nil
ANSWER. C
what is Process Fee for term loan above Rs 5.00 lacs in OLA Tie-up for financing Taxies scheme
139
A. 0.50%
B. 1%
ANSWER. A
what is margin for term loan in OLA Tie-up for financing Taxies scheme
140
A. 10%
B. 25%
ANSWER. A
what is the exposure limit in “STAND UP INDIA” SCHEME

141
A. Upto Rs1.00 crore .
B. Above Rs10.00 lakh to Rs1.00 crore .
ANSWER. B
what is the maximum Repayment Period in “STAND UP INDIA” SCHEME

142
A. 7 years
B. 6 years
ANSWER. A
what is the minimum level of Collateral Security for Loan amount Rs. 15.00 Lacs in “STAND UP INDIA” SCHEME
143
A. 25%
B. 50%
C. Cover under credit guarantee Scheme
ANSWER. C
ROI not linked with collateral coverage in “STAND UP INDIA” SCHEME

144
A. true
B. false
ANSWER. B
what is free code 10 for term loan in “STAND UP INDIA” SCHEME

145
A. STUPI
B. STUIP
ANSWER. A
what is Moratorium for term loan upto Rs 5.00 lacs in “STAND UP INDIA” SCHEME
146
A. Upto 24 Months
B. Upto 12 Months
C. Upto 18 Months
ANSWER. C
what type of facility can sanction in “STAND UP INDIA” SCHEME

147
A. Composite Loan
B. Term Loan
C. Cash Credit
ANSWER. A
what is margin for term loan in “STAND UP INDIA” SCHEME

148
A. 10%
B. 25%
ANSWER. A
what is the Maximum exposure limit in SCHEME FOR BEAUTY PARLOURS / BOUTIQUES / SALOONS / TAILORING BY WOMEN
149
A. Up to Rs. 10.00 Lacs
B. Up to Rs. 5.00 Lacs.
ANSWER. A
what is the maximum Repayment Period in SCHEME FOR BEAUTY PARLOURS / BOUTIQUES / SALOONS / TAILORING BY WOMEN
150
A. 7 years
B. 6 years
ANSWER. A
what is Maximum moratorium for term loan upto Rs 5.00 lacs in SCHEME FOR BEAUTY PARLOURS / BOUTIQUES / SALOONS /
TAILORING BY WOMEN
151
A. Upto 24 Months
B. Upto 12 Months
C. Upto 6 Months
ANSWER. C
what type of facility can sanction in SCHEME FOR BEAUTY PARLOURS / BOUTIQUES / SALOONS / TAILORING BY WOMEN
152
A. Composite Loan
B. Term Loan
C. Cash Credit
D. B & C
ANSWER. D
what is margin for purchase of shop in SCHEME FOR BEAUTY PARLOURS / BOUTIQUES / SALOONS / TAILORING BY WOMEN
153
A. 15%
B. 25%
ANSWER. B
what is process fee in SCHEME FOR BEAUTY PARLOURS / BOUTIQUES / SALOONS / TAILORING BY WOMEN
154
A. 1.50%
B. 0.50%
ANSWER. B
what is the Maximum Working Capital limit in SCHEME FOR BEAUTY PARLOURS / BOUTIQUES / SALOONS / TAILORING BY WOMEN
155
A. Up to Rs. 10.00 Lacs
B. Up to Rs. 5.00 Lacs.
ANSWER. B
Credit facility under GCC Scheme (General Credit Card Scheme) covered under priority sector
156
A. True
B. False
ANSWER. A
what is the maximum exposure in ORIENTAL UTTAM VYAPARI scheme

157
A. Rs.75.00 Lacs
B. Rs.100 Lacs
ANSWER. B
what is the maximum exposure in ORIENTAL UTTAM VYAPARI scheme in metro and urban area
158
A. Rs.75.00 Lacs
B. Rs.100 Lacs
ANSWER. B
what is the maximum Repayment Period for term loan in ORIENTAL UTTAM VYAPARI scheme
159
A. 8 years
B. 6 years
C. 5 years
D. 10 years
ANSWER. D
what is the minimum level of Collateral Security in ORIENTAL UTTAM VYAPARI scheme for Cash Credit/Term Loan above Rs.25.00 lacs :
160
A. 25%
B. 50%
C. 75%
D. 100%
ANSWER. D
what is ROI for credit facility in ORIENTAL UTTAM VYAPARI scheme for loan above Rs. 10.00Lacs and up to Rs. 25 lacs
161
A. 1 Yr MCLR+1.10%
B. 1 Yr MCLR+1.75%
C. 1 Yr MCLR+2.25%
D. 1 Yr MCLR+2%
ANSWER. D
what is ROI for credit facility in ORIENTAL UTTAM VYAPARI scheme for loan above Rs. 25 lacs
162
A. 1 Yr MCLR+1.00%
B. 1 Yr MCLR+1.75%
C. 1 Yr MCLR+2.25%
ANSWER. C
what is Margin on stocks in ORIENTAL UTTAM VYAPARI scheme

163
A. 20%
B. 40%
ANSWER. A
what is the maximum exposure in ORIENTAL UTTAM VYAPARI scheme in Semi Urban and Rural area
164
A. Rs.75.00 Lacs
B. Rs.100 Lacs
ANSWER. B
what is the minimum level of Collateral Security in ORIENTAL UTTAM VYAPARI scheme for Cash Credit/Term Loan upto Rs.10.00 lacs :
165
A. Cover under CGTMSE/MUDRA
B. 50%
ANSWER. A
what is Margin on Book Debts not older than 6 Months in ORIENTAL UTTAM VYAPARI scheme
166
A. 20%
B. 40%
ANSWER. B
what is Margin on purchase of shops/ Office premises, equipments etc. in ORIENTAL UTTAM VYAPARI scheme
167
A. 20%
B. 40%
C. 25%
ANSWER. C
what is Process Fees for credit facility in ORIENTAL UTTAM VYAPARI scheme
168
A. Rs. 325/- per lac + GST
B. Rs. 200/- per lac + GST
C. Rs. 150/- per lac + GST
ANSWER. C
what is the maximum exposure in Oriental Vidyalaya Scheme, scheme for Schools
169
A. Rs.75.00 Lacs
B. Rs.100 Lacs
C. Rs.5.00 crore
ANSWER. C
what is the maximum overdraft in Oriental Vidyalaya Scheme, scheme for Schools
170
A. Rs.5.00 crore
B. Rs.2.00 crore
ANSWER. B
what is the maximum Repayment Period for term loan in Oriental Vidyalaya Scheme, scheme for Schools
171
A. 9 years
B. 6 years
C. 5 years
D. 10 years
ANSWER. D
what is the minimum level of Collateral Security in Oriental Vidyalaya Scheme, scheme for Schools
172
A. 25%
B. 50%
ANSWER. B
what is ROI for credit facility in Oriental Vidyalaya Scheme, scheme for Schools
173
A. 1 Yr MCLR+1.00%
B. 1 Yr MCLR+1.75%
C. 1 Yr MCLR+1.25%
ANSWER. C
what is Margin on term loan in Oriental Vidyalaya Scheme, scheme for Schools
174
A. 25%
what is the minimum overall Security coverage not less than _______ in Oriental Vidyalaya Scheme, scheme for Schools
175
A. 200%
what is Process Fees/upfront fee for credit facility in Oriental Vidyalaya Scheme, scheme for Schools
176
C. 0.25% + GST
what is frequency for obtaining stock statement for credit facility of Rs. 8.00 lakhs under ORIENTAL UTTAM VYAPARI scheme
177
A. yearly
178
A. Half yearly
179
A. Quarterly
what is frequency for obtaining stock statement for credit facility upto Rs. 10.00 lakhs under ORIENTAL UTTAM VYAPARI scheme
180
A. yearly
what is frequency for obtaining stock statement for credit facility Above Rs 10.00 Lacs to Rs 50.00Lacs under ORIENTAL UTTAM VYAPARI
181 scheme
A. Half yearly
what is frequency for obtaining stock statement for credit facility Above Rs 50.00 Lacs up to Rs. 100.00 Lac under ORIENTAL UTTAM
182 VYAPARI scheme
A. QUARTERLY
what is the maximum Repayment Period for term loan in Oriental Vidyalaya Scheme, scheme for Schools
183
A. 10 years (Including Max, 36 months moratorium)
what is Margin on term loan for purchase of land in Oriental Vidyalaya Scheme, scheme for Schools
184
A. 50%
what is overall Margin on term loan if cost of land is part of project cost in Oriental Vidyalaya Scheme, scheme for Schools
185
A. 40%
what is doc charge for credit facility upto 1 crore in Oriental Vidyalaya Scheme, scheme for Schools
186
A. Rs. 2500 + GST
what is doc charge for credit facility above 1 crore in Oriental Vidyalaya Scheme, scheme for Schools
187
A. Rs. 5000 + GST
what is the minimum DSCR ratio in Oriental Vidyalaya Scheme, scheme for Schools
188
A. 1.20:1
what is the maximum DE ratio in Oriental Vidyalaya Scheme, scheme for Schools
189
A. 4:1
what is the maximum LR ratio in Oriental Vidyalaya Scheme, scheme for Schools
190
A. 6:1
what is the maximum CR ratio in Oriental Vidyalaya Scheme, scheme for Schools
191
A. 1.17:1
B. 1.10:1
C. 1.33:1
D. None
ANSWER. D
what is the maximum fixed asset coverage ratio in Oriental Vidyalaya Scheme, scheme for Schools
192
A. 1.5 time to be maintain including existing term loan
what is free code 10 in Oriental Vidyalaya Scheme, scheme for Schools

193
A. SS07
credit facility under Oriental Vidyalaya Scheme, scheme for Schools, covered under priority sector
194
A. true
195 What is the Maximum amount of working capital in MUDRA Composite loan
A. 60000/-
B. 20000/-
C. 100000/-
D. 10000/-
Ans : B.
196 Under Prime Minister Mudra Yojna, the maximum loan amount is
A. Rs. 4.50 LACS
B. Rs. 5.00 LACS
C. Rs. 0.50 LACS
D. Rs. 10.00 LACS
Ans : D.
197 A Micro Enterprise (Manufacturing) is an Enterprise where investment in plant and machinery does not exceed
A. 32.00 LACS
B. 25.00 LACS
C. 50.00 LACS
D. 200.00 LACS
Ans: B.
198 Full form of MUDRA is
A. Micro Units Development and Refinance Agency Ltd

199 Kishor category loan covers
A. upto ₹ 50,000/-
B. above ₹ 50,000/- and upto ₹ 5.00 lakh
C. above ₹ 5.00 lakh and upto ₹ 10 lakh
D. None of these
Ans : B.
200 Tarun category loan covers
A. upto ₹ 50,000/-
D. None of these
Ans : C.
201 SISHU category loan covers
A. upto ₹ 50,000/-
D. None of these
Ans: A.
202 Maximum composite loan permissible under MUDRA Card is
A. 1.00 Lakh
203 No collateral security/ third party gurantee is to be obtained for Mudra (Non-farm Enterprises) loans sanctioned upto
A. 8.00 Lakh
B. 5.00 Lakh
C. 10.00 Lakh
D. None of these
Ans : C.
204 No collateral security/ third party gurantee is to be obtained for Mudra (Farm)-Allied Agriculture loans sanctioned upto
A. 4.00 Lakh
B. 5.00 Lakh
C. 10.00 Lakh
D. None of these
Ans : C.
205 For availing finance under the Sanjeevani scheme, minimum experience required is
A. 2 Years
206 What is acceptable Current Ratio/ Adjusted Current Ratio under the Sanjeevani scheme for loan limit upto Rs. 5 Crore and collateral coverage less
than 100%?
A-1.17 : 1
207
What is minimum internal credit rating required for new borrower under Sanjeevani scheme
A. GF 5
208 What amount of Maximum Loan can be financed for construction of hospital under Sanjeevani scheme in semi urban area is
A. Rs. 9.75 Crore
209 Minimum Average DSCR Ratio required for Term Loan under Sanjeevani scheme
A. 1.25
210 What is maximum moratorium is provided in case of construction of Nursing Home under Sanjeevani scheme
A. 36 Months
211
What is the minimum qualification required under the Sanjeevani scheme
A. MBBS
B. BDS (Dentist)
C. BHMS
D. All of the above
ANSWER. D
212
What is the maximum amount that can be financed for Clinic at metro area under Sanjeevani scheme
A. Rs. 2.50 Crore
213 What is acceptable Current Ratio/ Adjusted current Ratio under the Sanjeevani scheme for loan limit upto Rs. 5 Crore and collateral coverage above
100%
A. 1.10 : 1
214
Borrower has to bring margin of ___% for purchase of equipment/machinery under Sanjeevani scheme
A. 15%
215
Any deviation in Sanjeevani scheme, prior permission should be obtained from
A. HLCC – ED
216
What is Acceptable Leverage Ratio should be under the Sanjeevani scheme up to
A. 4 : 1
217 What is the ceiling limit of centre wise limit for working capital in case borrower avails both TL & WC under Sanjeevani scheme
A. 10%.
218
How much concession is available under the Scheme Sanjeevani in process fee
A. 50% of applicable process fee
What is Acceptable Adjusted Debt Equity Ratio under Sanjeevani scheme

219
A. 3 : 1
220
What is the penal interest for delayed payment under the Sanjeevani scheme
A. 2.00%
221 What is maximum repayment period under the Sanjeevani scheme
A. 10 Years
The borrower has option of CGTMSE coverage in case he is providing only primary security as security coverage under the Sanjeevani scheme
222
A. Correct
213
What is the margin required for WC under the Sanjeevani scheme
A. NIL
214 Personal Guarantee of promoters/ directors/ trustees is required where advance is to Pvt. Ltd. Co., Ltd. Co. & Trust under the Sanjeevani scheme
A. Correct
215
Maximum loan Amount for Clinic in Semi Urban/ Urban Area under the Sanjeevani scheme
A. 1.00 Crore
216
Maximum loan Amount for hospital in Metro Area under the Sanjeevani scheme
A. 25.00 Crore
217 Debt Service Coverage Ratio (DSCR) shows under the Sanjeevani scheme
A. Number of times the company’s earnings cover the payment of interest and repayment of principal of long term debt
218
In which database is our charge on immoveable property registered under the Sanjeevani scheme
A. CERSAI
219 What is the maximum %age (of Loan sanctioned Amount) that can be financed for Land and Building at an Metro area under the
Sanjeevani scheme
A. 65%
220
What comprises security coverage under the Sanjeevani scheme:
A - Primary & Collateral Security
IMPORTANT MCQs - Recovery and Law

1 DRT is headed by the (A). Presiding Officer, (B). Chairman, (C). Chairperson (D). Judge
ANSWER: A
2 An aggrieved person can appeal against order of the Recovery Officer to the DRT within…..days/ month of the
date of the order ? (A). 15 days (B). 30 days (C). 45 days, (D). one month. ANSWER: B
3 An aggrieved person can appeal to the DRAT against order of the DRT within 30 days of receipt of copy of the
order subject to? (A). Deposit of atleast 50% of the amount due (DRAT may reduce it by 25%) (B). Deposit
of atleast 65% of the amount due (DRAT may reduce it or waive fully) (C). Deposit of atleast 50% of the
amount due (DRAT may reduce/ waive it) (D). Deposit of atleast 20% of the amount due (DRAT may reduce
it or waive fully) ANSWER: A
4 Appeal against order of the Recovery Officer can be made to the DRT within…..days/ month of the date of the
order ? (A). 45 days (B). 15 days (C). 30 days, (D). one month. ANSWER: C
5 Appeal to the DRAT can be made within 30 days from the date on which a copy of the order made by the tribunal
is received by him subject to ? (A). Deposit of atleast 50% of the amount due (DRAT may reduce it by 25%)
(B). Deposit of atleast 40% of the amount due (DRAT may reduce it or waive fully) (C). Deposit
of atleast 85% of the amount due (DRAT may reduce it by 50%) (D). Deposit of atleast 75% of the
amount due (DRAT may reduce it or waive fully) ANSWER: A
6 Banks are required to make atleast ………..% provision when IRP is admitted by the NCLT. (A). 1
(B). 0.4 (C). 0.5 (D). 0.75 ANSWER: C
7 Banks are required to make atleast ………..% provision when order for liquidation is passed by the NCLT.
(A). 100%, (B). 65%, (C). 80%, (D). 66% ANSWER: A
8 DRT is regulated by the SARFAESI Act and Recovery of Debts due to Banks and Financial Institutions. (A).
It is regulated by the RDDBS Act only (B). Yes, it is regulated both by the SARFAESI Act and the
RDDBS Act. (C). No, it is regulated only by the RDDBS Act (D). None of the above ANSWER: B
9 Following cases not eligible under OTS 1 lakh (A). Fraud Cases (B). Staff related cases (C).
Pradhan Mantri Mudra Yojna (D). All above ANSWER: D
10 Hypothecation has been defined under which of the following Act? (A). Transfer of Property Act section 58
(B). Negotiable Instrument Act section 2-n (C). SARFAESI Act 2002 (D). Indian Contract Act
section 171 ANSWER: C
11 IBC-2016 has suggested creation of entities that will collect, store & disseminate information to facilitate
resolution process. What is name of such entities? (A). CERSAI (B). Information Utilities (IUs) (C).
CIBIL (D). CRILC ANSWER: B
12 If borrower is unable to deposit entire settlement amount in lump sum under OTS-1 lakh, he can deposit the
remaining amount within a period of ……. Months. (A). 6 months (B). 5 month (C). 3 months (D).
9 months ANSWER: C
13 In case of calculation of dues as per module interest approach, simple interest is charged from the date of …..(in
SF/Non-SF cases) (A). From date of NPA (B). From date of Sanction (C). From date of account
turned SMA for the first time (D). From beginning of the current quarter ANSWER: A
14 In case of joint lending where assets are common, Bank can proceed u/s 13(iv) of the SARFAESI Act if bank has
consent ……….. of secured creditors ? (A). More than 50% by value and number (B). More than 75%
by value (C). More than 60% by value (D). More than 75% by value and number ANSWER: C
15 Interest @............is charged if balance settlement amount is repaid beyond 3 months under OTS > 10 lakh to 1
Crore (other than individual Direct Agriculture). (A). 1yMCLR+2% (B). 1yMCLR+1% (C). 1yMCLR (D).
1yMCLR+1% or contractual rate whichever higher ANSWER: A
16 No General Settlement proposal should be accepted without Minimum ……...upfront amount for offer amount up
to 5 Crore (A).20% (B). 10% (C).5% (D). 25% ANSWER: B
17 Objections by the borrower to the demand notice under section 13(ii) of the SARFAESI Act are raised under?
(A). u/s 13(3a), (B). u/s 14, (C). u/s 13(5A), (D). u/s 17(1) ANSWER: A
18 Recovery officer is vested with many powers under DRT Act, which is false? (A). Recovery officer has
powers of attachment (B). Recovery officer has powers of sale (C). Recovery officer has powers of
arrest (D). Recovery officer has powers of amendment in recovery certificate ANSWER: D
19 Simultaneous action under SARFAESI Act as well as DRT Act can be initiated; it was held by the Hon’ble
Supreme Court in which case? (A). State Bank of India v/s Official Liquidator, Volvo Steel Lt (B). M/s
Kanji Manji Kothari & Co v/s Uco Bank (C). M/s Mardia Chemicals Ltd v/s Union of India . (D). M/s
Transcore v/s Union of India ANSWER: D
20 SMA-0 accounts are those where principal or interest payment or any other amount wholly or partly overdue
between? (A). 0-25 days (B). 31-60 days (C). 61-90 days (D). 1-30 days ANSWER: D
21 The minimum indicative settlement amount, where NPVRV is more than or equal to the total recoverable dues as
per module interest approach (General Settlement) shall be calculated in all NPA accounts as under: (A).
Present o/s balance in the account including interest and other chargers (B). Equal to NPVRV (C). Equal
to total recoverable dues as per module interest approach (D). Whatever can be recovered ANSWER: C
22 The possession notice {issued u/s 13(iv)} should be published in 2 leading news papers within……days of
affixing the notice. (A). 5 days’ (B). 15 days’ (C). 7 days’ (D). Within a reasonable time.
ANSWER: C
23 There are 4 pillars under IBC-2016, which of these has not been stated correctly? (A). Insolvency &
Bankruptcy Board of India (B). National Company Law Tribunal (C). Credit Information Companies
(D). Insolvency Resolution Professionals ANSWER: C
24 Under IBC 2016 for insolvency resolution, the default amount should be minimum (in company cases)
(A). Rs. 1 lakh (B). Rs. 2 lakh (C). Rs. 5 lakh (D). Rs. 10 lakh ANSWER: A
25 Under IBC-2016 (Insolvency & Bankruptcy Code 2016) who is the adjudicating authority for cases pertaining to
Partnership Firms? (A). Supreme Court of India (B). State High Courts (C). Debt Recovery Tribunals
(D). Any one of the above ANSWER: C
26 Under Insolvency & Bankruptcy Code 2016, what is the time limit available with the financial creditor to take a
decision on insolvency resolution plan, with permission from NCLT? (A).120 days (B). 180 days (C).
270 days (D). 360 days ANSWER: B
27 Valuation of property to be auctioned should not be older than? (A). 2 .5 years from date of auction. (B). 1 year
from date of auction (C). 2 years from date of auction (D). 1 ½ years from date of auction
ANSWER: B
28 What are stressed assets? (A). All SMA accounts (B). EAS accounts (C). NPA accounts
(D). All of the above ANSWER: D
29 What is full form of IBBI (A). Insolvency & Bankruptcy Board of India (B). Insolvency & Banking Board of
India (C). International Bureau for Banking and Investment ANSWER: A
30 What is full form of NCLT? (A). National Commercial Law Trust (B). National Corporate Law Tribunal (C).
National Company Law Tribunal (D). National Company Law Trust ANSWER: C
31 What is maximum repayment period allowed under OTS > 10 lakh to 1 Crore (other than individual Direct
Agriculture) without incidence of any interest (A). 30 days (B). 2 months (C). 3 months (D). 6
months ANSWER: C
32 What is provision for Micro & Small Enterprises classified as SMA2 as on quarter end date? (A). 0.0025
(B). 0.004 (C). 0.01 (D). 0.0075 ANSWER: A
33 What is rate of interest while calculating Net Present Value (General Settlement of NPA accounts)? (A).
1yMCLR+1% (B). 1yMCLR+2% (C). 1yMCLR (D). Contractual Rate of interest of present
1yMCLR, whichever less ANSWER: B
34 What is the minimum price at which the security can be sold by the secured creditors under SARFAESI Act?
(A). Reserve price (B). Market price (C). Cost price (D). Acquisition cost ANSWER: A
35 What is the period of limitation for sale of pledged goods such as stocks, machinery etc. (A). Three years from
the date of creation of pledge (B). Three years from the date of default (C). No such limitation period
for pledged goods (D). Three years from the date of recall notice ANSWER: C
36 What is the time limit within which any person aggrieved by any measure taken by secured creditors under the
SARFAESI Act file an application to the Debt Recovery Tribunal: (A). Within 45 days from the date on
which such measure had been taken (B). Within 30 days from the date on which such measure had
been taken (C). Within 15 days from the date on which such measure had been taken (D). Within
60 days from the date on which such measure had been taken ANSWER: A
37 What should be the minimum outstanding amount for filing O.A. with DRT? (A). Rs. 20 lakh (B). Any
amount (C). Rs. 10 Lakh (D). More than Rs. 10 Lakh. ANSWER: C
38 Where is situated the principal bench of the NCLT in India? (A). Kolkata (B). Mumbai (C). Delhi
(D). Chennai ANSWER: C
39 Whether a lender can avail the benefits of SARFAESI Act, where insolvency application under IBC, 2016 has
been launched against the borrower? (A). Yes, there is no bar and simultaneous actions can be initiate
(B). No, the lender cannot for a period of 180 days from the date of admission of the application. (C).
No, the lender cannot for a period of 180 days from the date of admission of the application, which is extendable
for another period of 90 days. (D). Yes, after obtaining permission from the NCLT. ANSWER: C
40 Which of the following dues of the Government has priority over dues of Banks/ F.I.s under DRT Act? (A).
State Government Dues (B). Income Tax Department dues (C). Both the dues have priority over Banks/F.I.s
dues (D). None of the dues has priority over Banks/F.I.s dues ANSWER: D
41 Which of the following is not a function of the Central Authority (under National Lok Adalat )? (A). Take
necessary steps by way of social justice litigation with regard to consumer protection (B). Conduct Lok
Adalats for High Court cases (C). Organize legal aid camps, especially in rural areas, slums or labor
colonies (D). Undertake and promote research in the filed of legal services ANSWER: B
42 Which of the following is true in respect of filing OA with the DRT? (A). Secured assets should be
registered with the CERSAI (B). Secured immovable assets should be registered with the CERSAI (C).
Secured moveable assets should be registered with the CERSAI (D). Registering a secured asset with CERSAI
is not a condition for filing OA with the DRT. ANSWER: D
43 Which of the following state is not covered under the provisions of SARFAESI Act? (A). Jammu &
Kashmir (B). Sikkim (C). Arunachal Pradesh (D). All states are covered ANSWER: D
44 Which one may not construed as early warning signals of financial weakness/distress in the borrowal accounts ?
(A). Erosion in net worth by more than 30% of the borrower over the previous year (B).
Deterioration of financial ratios (C). A single event of non-cooperation/prevention from conduct of stock
audits by the banks (D). None ANSWER: D
45 Which one may not construed as early warning signals of financial weakness/distress in the borrowal accounts ?
(A). Evidence of diversion of funds for unapproved purpose (B). Non-submission of Audited financial
statements (where audit is necessary ) beyond 9 months from the date of Balance Sheet (C). 3 days delayed
for submitting stock statement from due date (D). None ANSWER: C
46 While calculating NPVRV for General Settlement, n is to be considered between range of …. (Agriculture cases).
(A). 1, 2, 3, 4 or 5 (B). 1, 2 ,4 (C). 1 to 6 years maximum (D). No limit ANSWER: A
47 While calculating NPVRV for General Settlement, n is to be considered between range of …. (Other than
Agriculture cases). (A). Any number of years (B). 1, 2, 3, 4 or 5 (C). 1, 2 or 3 (D). 1 to 7
years maximum ANSWER: C
48. What is provision for fully secured D-II NPA?
ANSWER: 40%
49. An account is transferred to Doubtful after it has remained in Sub Standard category for a period of A. >12
Months, B. >2years, C. No such time limit, D. > 90 days ANSWER: A
50. In what circumstances an account can be classified as Doubtful straightway? A. If value of security (as per
sanction) eroded to more than 90%, B. If value of security (as per sanction) remains < 10% of Outstanding, C. If
value of security (Latest) remains < 50% of value of security (Sanction), D. If value of security(Latest) remains <
10% of balance O/s. ANSWER: C
51. When an account turn to NPA for the first time, unrealized interest for which period is reversed. A. Last 1 year, B
Entire unrealized interest , C for last 2 years D. Unrealized interest of 3 months prior to NPA date. ANSWER: B
52. Name the application bank launched in Oct-2018 for settlement proposals? A. Saarthi B. Saathi C. Sahayika D.
Samjhauta; ANSWER: D
53. All SOTS schemes extended upto 30.09.2019
54. SOTS Scheme for eligible NPA Accounts with Principal/T.W.O. outstanding up to Rs.1.00 Lakh –
Cut off date for eligibility of NPA/TWO accounts as on 31.03.2019 (whether suit filed/Non Suit Filed or
decreed accounts with Principal Outstanding upto Rs.1.00 Lakh as on date of settlement (including amount
technically written off, DICGC/CGTMSE claim received except those cases where settlement has been
approved and the same is being honored.
55. SOTS Scheme for eligible NPA Accounts with Principal/T.W.O. outstanding up to Rs.10.00 Lakh – NPA/T.W.O.
Accounts, (other than agricultural advance to individuals,SHG & JLG) as on 31.12.2018 (whether suit filed/Non Suit Filed
or decreed accounts with Principal/T.W.O. Outstanding upto Rs.10.00 Lakh as on date of settlement (including amount
technically written off, DICGC/CGTMSE claim received) except those cases where settlement has already been approved
and the same is being honored.
56. SOTS Scheme for eligible NPA Accounts with Principal/T.W.O. outstanding up to Rs.10.00 Lakh – Under the
scheme accounts under PMMY Scheme, the minimum settlement amount for NPA Accounts as on 31.12.2018, which
are covered under PMMY Scheme, shall be as per provisions of Special OTS Scheme for NPA/T.W.O. Accounts having
principal outstanding upto Rs.10.00 Lakh earlier it was minimum 50% of Principal outstanding.
57. SOTS Scheme for eligible NPA Accounts with Principal/T.W.O. outstanding above Rs.10.00 Lakh and up to
Rs.1.00 Crore (Other than agriculture advances to individuals, SHG, JLG) - NPA/T.W.O Accounts (other than
agricultural advances to individuals, SHG, JLG) as on 30.09.2018 (whether suit filed/Non Suit Filed or decreed accounts
with Principal/T.W.O. Outstanding above Rs.10 Lakh and upto Rs.100 Lakh as on date of settlement (including amount
technically written off, DICGC/CGTMSE claim received) except those cases where settlement has already been approved
and the same is being honored.
58. SOTS Scheme for eligible Individual NPA Accounts with Principal/T.W.O. outstanding upto Rs.1.00 Crore
under Agriculture Category – Eligibility criteria - (i) NPA/T.W.O. Accounts as on 31.12.2018, where loan was given
to Individuals under Agriculture category (other than Corporate, Institutions, Partnership firms and trusts etc), having
Principal/ T.W.O. outstanding balance of upto Rs.1.00 Crore as on date of settlement. (ii) Apart from eligible Individuals
under the SOTS scheme, following two categories shall also be eligible under the Scheme:
(i) Self Help Group (SHG)
(ii) Joint Liability Group (JLG) (iii) Eligible NPA/T.W.O. accounts of Individuals, SHG & JLG under Direct and Indirect
Agriculture category shall be covered under the scheme. (iv) In case the party fails to deposit the Settlement amount
within six months from the date of conveying approval, interest for the delayed period on overdue settlement amount shall
be recovered from the date of conveying approval of settlement at the prevailing ‘One year MCLR Rate’ provided the
balance amount is recovered within one year from the date of conveying approval of settlement.
59. SOTS Scheme for eligible NPA Accounts under Doubtful and Loss Category having Principal/T.W.O.
outstanding more than Rs.1.00 Crore and upto Rs.10.00 Crore. Eligibility criteria - NPA/T.W.O. accounts under
Doubtful and Loss Category as on 31.03.2019 with Principal/T.W.O. outstanding balance of above Rs.1.00 Crore and
upto Rs.10.00 Crore (Borrower wise outstanding) as on 31.03.2019
Validity and SOTS Scheme Validity of Scheme NPA Cut-off

Cut-off date Date
of all SOTS
Schemes
S.No
1 SOTS Scheme for NPA Accounts with Principal/T.W.O. 30.09.2019 31.03.2019
outstanding up to Rs.1.00 Lakh
2 SOTS Scheme for NPA Accounts in Doubtful and Loss 30.09.2019 31.03.2019
Category having Principal/T.W.O. outstanding more than (Doubtful/Loss)
Rs.1.00 Crore & up to Rs.10.00 Crore
outstanding up to Rs.10.00 Lakh
4 SOTS Scheme for Individual NPA Accounts with 30.09.2019 31.12.2018
Principal/T.W.O. outstanding upto Rs.1.00 Crore under
Agriculture Category
outstanding above Rs.10.00 Lakh and up to Rs.1.00
Core
IMPORTANT MCQs – RETAIL CREDIT

What is the net take home income (%) applicable under TOP loan scheme to exsting housing loan customer? ANS: 40%
What is housing loan amount and cost of the dwelling unit classified under Priority sector for metropolitan cities having
population ten lakh and above ANS: Max. Housing loan Rs 35 lakhs , Max Dwelling unit cost Rs 45.00 Lacs
Maximum furnishing Housing loan we may sanction for house/flat of carpet area above 1500 sqft (Subject to discretionary
powers). ANS: Rs 25.00 lac
Maximum furnishing Housing loan we may sanction for house/flat of carpet area up to 1500 sqft (Subject to discretionary
powers). ANS: Rs 15.00 lac
What is the Minimum Margin for loan amount of Rs 50 Lacs under Oriental Home loan scheme ANS: 20 %
What is the interest rate under Oriental Home Loan Scheme for loan proposal of Rs 3.00 crore. ANS: 1 year MCLR
What is the Maximum Age for Salaried (with pension benefit) under OHL scheme ANS: 75 year
What is the minimum Margin required for housing Loan up to Rs 80.00 Lacs ANS: 0.25
Maximum period of Housing loan as per policy is ANS: 40years
What is the Maximum Moratorium period for housing loan for Construction under OHL Scheme ANS: 18 months from the
date of first disbursement or upto the date of possession of Flat which ever is earlier
What is the maximum repayment period for housing loan for furnishing Purposes under OHL Scheme ANS: 10 years can be
extended up to 15 years as a special case
What is the Rate of interest for housing loan of Rs 15 lacs for purchase of third house if customer is ready to provide margin
amount @ 18%. ANS: 1 yr MCLR+0.5 %
What is the minimum margin (%) required for sanctioning of Home Furnishing loan under Oriental Home loan policy? ANS:
25 %
Which the year declared by Govt. of India as “Housing for All” ANS: 2022
What is the maximum amount of TOP loan we may sanction to existing housing loan customer? ANS: 75% of realizable
value of house property minus present outstanding maximum up to Rs 50.00 Lacs
Which is the Central nodal agency appointed by Govt. of India to which our Bank has executed MOU for subsidy under
Housing for all Urban-2022 scheme ANS: National Housing Bank
Who is authorized to do vetting of loan proposal of above Rs 1.00 Crore to up to Rs 5.00 crore as per policy ANS: Legal
Retainer
Who is authorized to do vetting of loan proposal of above Rs 5.00 Crore as per policy
ANS: Law Officer
What is the minimum process fee applicable in sanctioning of housing loan ANS: Rs 2000/-
What is minimum net take home required for housing loan having Gross Annual income up to Rs 5.00 Lac ANS: 50 %
What is minimum net take home required for housing loan having Gross Annual income above Rs 5.00 Lac to Rs 10.00 lac?
ANS: 40 %
What is minimum net take home required for housing loan having Gross Annual income above Rs 10.00 Lac ANS: 30 %
If Outstanding in existing housing loan is Rs 10.00 lac, realizable value of property is Rs 90.00 lac, then for coverge of
collateral to be extended to secure other credit facilities. Value of existing housing loan is to be maintained as: ANS: Rs
15.00 lac
Creation of charge i.e mortage in housing loan to be registered with CERSAI within : ANS: 30 days
As per RERA Guidelines, Builders are supposed to open ----------------------Account under the title of the project name with any
schedule Bank. ANS: Escrow Account
What is the rate of interest for housing loan (Furnishing purpose)as per Home loan scheme? ANS: 1 yr MCLR
For Home loan up to Rs 30.00 lac, rate of interest shall be One year MCLR if margin contribution is (Up to two houses):
ANS: >=20%
For Home loan above Rs 30.00 lac up to Rs 75 lac, rate of interest shall be 1 yr MCLR+.10% if margin contribution is (Up to
two houses):: ANS: >=20%<25%
For Home loan above Rs 30.00 lac up to Rs 75 lac, rate of interest shall be 1 yr MCLR if margin contribution is (Up to two
houses):: ANS: >=25%
For Home loan above Rs 75 lac, rate of interest shall be 1 yr MCLR if Margin contribution is (Up to two houses):: ANS:
>=25%
For Housing loan above Rs 75 lac, LTV i.e Loan to Value ration should be ANS: <=75%
For Housing loan UP TO Rs 30 lac, LTV i.e Loan to Value ration should be at the most ANS: <=90%
For Housing loan above Rs 30 lac to Rs 75 lac, LTV i.e Loan to Value ration should be at the most ANS: <=80%
For proposal of Housing loan of Rs 25 lacs, Minimum contribution as margin required as: ANS: Rs 2.50 lac
Whether Housing Loan sanctioned to staff (either general category or Staff category) can be classified under priority sector?
ANS: No
1
ROI on education loan up to Rs.7.50 Lakh covered under Credit Guarantee scheme for other institute is?
1 Year MCLR + 2.00%
2
In case of education loan Reimbursement of tuition fee is allowed upto:
Up to 6 Months from the date of fee paid
3
In case of Education Loan to student desirous setting up of their own start-ups may be given moratorium of
Two years for incubation
4
Once sanctioned, EL sanction shall be valid for
6 Months
5
Education Loan limit without collateral for the Category A Institute is
No upper ceiling except SRM Chennai
6
Margin in case of Education loan to students perusing courses with Category A institutes shall be
0%
7
ROI on education loan above Rs.7.50Lakh for other institute is?
1 Year MCLR + 1.75%
8
Repayment period of Education Loan is
15 years excluding moratorium period
9
Can moratorium be given during the life cycle of the education loan
For spells under employment / non-employment, 2/3 can be given during the life cycle of the loan
10
Education Loan is assessed based on:
Future Employment potential
11
Education Loan limit without collateral for the SRM Chennai for MBBS/MD courses is
Rs.35.00Lakh
12
Education loan shall be classified under which category?
Priority sector up to Rs.10.00 Lakh irrespective of sanctioned amount
13
What is the minimum required margin for education loan above Rs.4.00 Lakh for study aboard?
15.00%
14
Under Education Loan concession permitted to women/ SC-ST/ disabled student?
0.50% in applicable ROI subject to ROI does not fall below 1 yr MCLR
15
Education Loan can be sanctioned / disbursed ( Ans: Any of the Above)
Place of Domicile or
Present Place of posting of borrower/co-borrower or
Branch nearby institution of borrower.
Any of the above
16
For B category institutes what is the maximum Education Loan amount without collateral security?
10.00 Lakh
17
For education loans to working persons moratorium period shall be
Study period
18
Education Loan can be applied
Any where i.e. Br/ CO/HO, online portal, provided that it has also routed through Vidya Laxmi Portal
19
Who maintains Vidya Laxmi Portal
NSDL
20
In case of top up education loan, the repayment period of the first loan shall:
The repayment of the first loan shall be rescheduled so that repayment of both the loans shall be synchronized
21
Education loan to student of other institutions without collateral security but with CGSEL guarantee
Up to Rs.7.50 lacs
22
ROI on education loan for B category institute is?
1 Year MCLR + 0.50%
23
In case of education loan process fee for studies in India is
Nil
24
Moratorium period for education loan shall be
Study period + 12 months
WHOs WHO
Mr. Ram Nath Kovind President of India
M. Venkaiah Naidu Vice President
Narendra Damodar Das Modi Prime Minister of India
Ms. Sumitra Mahajan Speaker, Lok Sabha
Dr. Rajiv Kumar Vice Chairman, NITI Aayog
Shri Amitabh Kant CEO, NITI Aayog
Shri Sunil Arora Chief Election Commissioner (CEC)
Sushil Chandra Election Commissioner
Justice H. L. Dattu Chairperson, National Human Rights Commission (NHRC)
Mr. Rajiv Mehrishi Comptroller and Auditor General of India (CAG)
General Bipin Rawat Chief of the Army Staff
Admiral Sunil Lamba Chief of the Naval Staff
Air Chief Marshal Birender Singh Dhanoa Chief of the Air Staff
Mr. Shaktikanta Das Governor, Reserve Bank of India (RBI)
Mr. Ajay Tyagi Chairman, Securities & Exchange Board of India (SEBI)
Mr. Bhanu Pratap Sharma, Chairman, Banks Board Bureau
Justice Ranjan Gogoi Chief Justice of India (CJI)
Justice S J Mukhopadhyay, Chairman National Company Law Appellate Tribunal (NCLAT)
Justice M M Kumar President, National Company Law Appellate Tribunal (NCLAT)
Shri Ajit Doval National Security Advisor and Special Advisor to PM (Internal Security)
Shri Rajiv Jain Director Intelligence Bureau (IB)
Shri Rishi Kumar Shukla Director CBI
Ashok Kumar Gupta Chairperson, Competition Commission of India (CCI)
Shashank Manohar Chairman, International Cricket Council (ICC)
Takehiko Nakao President, Asian Development Bank (ADB)
Shri K. V. Chowdary Central Vigilance Commissioner (CVC)
K. V. Kamath President of the New Development Bank of BRICS
Dr. Harsh Kumar Bhanwala, Chairman, National Bank for Agriculture and Rural Development (NABARD)
V G Kannan, CEO, Indian Banks Association(IBA)
Mr. K. K. Venugopal Attorney General of India
Mr. J. Satyanarayana Chairman of the Unique Identification Authority of India (UIDAI)
Dr. Ajay Bhushan Pandey Chief Executive Officer(CEO), UIDAI
Mr. Nandan Nilekani Chairman, Infosys

Mr. Natarajan Chandrasekaran Chairman Tata Sons
Mr. Mukesh Ambani Chairman Relience Industries
Mr. Lakshmi Mittal Chairman Mittal Arcelor Steels
Ms. Kiran Majumdar Chairman Biocon
Mr. Sandeep Bakhshi Managing Director & CEO ICICI Bank
Mr. Shiv Nadar Chairman HCL Technologies
Mr. Naresh Goyal Chairman Jet Airways
Mr. Sunil Mittal Chairman Bharati Group
Ramon Laguarta CEO Pepsico
Mark Zuckerberg CEO Facebook
Narayan Murthi Founder of Infosys
Steve Jobs Founder of Apple Company
Mr. Vijay Maliya Chairman of UB Group
Mr. Sunil Mittal Chairman & Group CEO, Bharti Enterprises
Mr. Kumaramangalam Birla Chairman of Aditya Birla Group of Company
Mr. Anand Mahindra Chairman, Mahindra & Mahindra Group
Jack Ma Executive Chairman of Alibaba Group
Banks/ Head Tagline MD & CEO

Quarters
ALLAHABAD BANK KOLKATA A TRADITION OF TRUST SH. CHSS MALLIKARJUNA RAO
ANDHRA BANK HYDERABAD W HERE INDIA BANKS SHRI J PACKIRISAMY
BANK OF BARODA BARODA INDIA’S INTERNATIONAL BANK MR. P. S. JAYAKUMAR
BANK OF INDIA MUMBAI RELATIONSHIP BEYOND BANKING SHRI DINABANDHU MOHAPATRA
BANK OF MAHARASHTRA PUNE ONE FAMILY ONE BANK SHRI A. S. RAJEEV
CANARA BANK BENGALURU TOGETHER W E CAN SHRI. T. N. MANOHARAN
CENTRAL BANK OF INDIA MUMBAI BUILD A BETTER LIFE AROUND US SHRI PALLAV MOHAPATRA
CORPORATION BANK MANGALORE PROSPERITY FOR ALL SMT. P V BHARATHI
Mumbai
DENA BANK TRUSTED FAMILY BANK SHRI ASHWANI KUMAR
Mumbai
IDBI BANK BANKING FOR ALL / AAO SOCHEIN BADA MR. B SRIRAM
INDIAN BANK CHENNAI YOUR TECH-FRIENDLY BANK MS PADMAJA CHUNDURU
INDIAN OVERSEAS BANK CHENNAI GOOD PEOPLE TO GROW W ITH SHRI. R. SUBRAMANIAKUMAR
OBC GURUGRAM W HERE EVERY INDIVIDUAL IS SH. MUKESH KUMAR JAIN
COMMITTED
PUNJAB NATIONAL BANK NEW DELHI THE NAME YOU BANK UPON SHRI SUNIL MEHTA
PUNJAB & SINDH BANK NEW DELHI SHRI JATINDER BIR SINGH
SYNDICATE BANK MANIPAL YOUR FAITHFUL AND FRIENDLY SHRI MRUTYUNJAY MAHAPATRA
FINANCIAL PARTNER
Pure Banking Nothing Else,With You- Mr Rajneesh Kumar
State Bank of India Mumbai
All The Way
UCO BANK KOLKATA HONOURS YOUR TRUST SHRI ATUL KUMAR GOEL
UNION BANK OF INDIA MUMBAI GOOD PEOPLE TO BANK W ITH SHRI RAJKIRAN RAI G
UNITED BANK OF INDIA KOLKATA THE BANK THAT BEGINS WITH “U” SHRI A. K. PRADHAN
VIJAYA BANK BENGALURU A FRIEND YOU CAN BANK UPON SHRI. R A SANKARA NARAYANAN
Sh. Anant Narayan Nanda
India Post Payments
Delhi --- (Sec, Department of Post)
Bank Limited
Sh,. Suresh Sethi (MD & CEO)
Shri Amitabh Chaudhry
AXIS BANK MUMBAI BADHTI KA NAAM ZINDAGI
Mr. Nasser Munjee ,Chairman
DCB BANK MUMBAI WE VALUE YOU
Mr.Murali M.Natrajan MD&CEO
HDFC BANK MUMBAI WE UNDERSTAND YOUR WORLD Mrs. Shyamala Gopinath Chairman
ICICI BANK MUMBAI KHAYAAL APKA Mr. Girish Chandra Chaturvedi Chairman
IDFC FIRST BANK MUMBAI BANKING HATKE MR. V. Vaidyanathan
INDUSIND BANK MUMBAI WE MAKE MONEY SIMPLE MR. ROMESH SOBTI
KOTAK MAHINDRA BANK MUMBAI LET’S MAKE MONEY SIMPLE MR. UDAY KOTAK
YES BANK MUMBAI EXPERIENCE OUR EXPERTISE MR. RAVNEET GILL
PAYMENT BANKS
Name of the Payments bank Headquarters MD & CEO Tagline
Banking is at your fingertips; India’s

Airtel Payments Bank Limited New Delhi Anubrata Biswas first payments bank
Satish Kumar
Paytm Payments Bank Noida, UP Gupta Simplifying Payments for India
Navi Mumbai,
Fino Payments Bank Maharashtra Rishi Gupta Qadar aapki mehnat ki
Indian Post Payments Bank New Delhi Suresh Sethi Aapka bank, aapke dwaar
Vivek Bhandari (
Chairman)
H.Srikrishnan( MD
Jio payments Bank Navi Mumbai & CEO)
Sudhakar
Aditya Birla Idea payments Bank Mumbai Ramasubramanian
SMALL FINANCE BANKS
Au Small Finance Bank

Jaipur, Rajasthan Mr. Sanjay Agarwal ‘Chalo Aage Badhe’
Limited(AUBANK)
Capital Lab Small Finance Bank Jalandar ,Punjab Sarvjit Singh Samra MD) Viswas se Vikas tak’
Equitas Small Finance Bank Chennai, Tamilnadu PN Vasudevan Its Fun Banking’
K. Paul Thomas
ESAF Small Finance Bank Thrissur , Kerala Raveendranathan Joy of Banking’
Prabha(Chairman)
FINCARE Small Finance Bank

Bengaluru ,
Limited(formed from Disha Microfin Rajeev Yadav ‘a new era in smartbanking begins’
Karnataka
Limited)
Ramesh
Bengaluru ,
Janalakshmi Small Finance Bank Ramanathan(Chairman) , Likho Apni Kahaani
Karnataka
Ajay Kanwal (CEO)
North East Small Finance Deep Chandra Joshi(

Bank(NESFB)-RGVN Micro Finance Guwahati , Assam chairman) ,Rupali Kalita Your Door step Banker’
Ltd. (MD)
Suryoday Small Finance Bank Navi Mumbai Mr. R Baskar Babu A bank of smiles
Bengaluru, Sunil Patel(chairman) ,

Ujjivan Small Finance Bank We belive in your belief
Karnataka Samit Ghosh (MD)
Utkarsh Small Finance Bank Varanasi , U.P Govind Singh Aapki Umeed Ka Khata’
Rupee Symbol Designed by Mr. Udaya Kumar Dharmalingam

Motif on Indian Currency
Denomination Obverse Reverse
INR 5 Mahatma Gandhi Tractor
INR 10 Mahatma Gandhi Konark Sun temple, Konark Odisha

INR 20 Mahatma Gandhi Mount Harriet, Port Blair
INR 50 Mahatma Gandhi Hampi with Chariot, Distt Ballari Karnataka
Mt. Kanchenjunga - India's highest peak. (Old Notes)

INR 100 Mahatma Gandhi
Rani ki vav, Patan Gujrat ( New Notes)
INR 200 Mahatma Gandhi Sanchi Stupa, Madhya Pradesh
INR 500 Mahatma Gandhi Red Fort, Delhi
INR 2000 Mahatma Gandhi Mangalyaan - India's first interplanetary space mission.
 IRCTC Launched its own payment aggregator system, “IRCTC iPay” on 28 Feb 2019.
 Pan-India Emergency helpline number 112 Launched at New Delhi on 19 feb 2019.
 “Waste to Wonder Park” was inaugurated at New Delhi wherein replicas of “Seven Wonders of the world “ is
created using scrap of Automobile parts and other metal wastes.
 PM Modi unveils National War Memorial , near India Gate New Delhi on 25 Feb 2019. It was in memory of 26000
Soldiers who gave life in different crisis / war. Chief Architect is Ar. Yogesh Chandrasan of WeBe Design Lab,
Chennai
 Rising India Summit held at New Delhi on 26 Feb 2019. Theme of the summit was “Beyond Politics: Defining
National Priorities’. PM Modi addressed the summit and laid out his vision on “New India”.
 PM-Kisam Samman Nidhi scheme launched in Gorakhpur (UP) on 24 Feb 2019 . Under this scheme small and
marginal farmer families having combined land holding upto 2 hectares will be given Three installements of Rs. 2000
each making a total of Rs. 6000.00 in a year.
 PRANAM Commission launched at Guwahati, Assam . A panel is set up to look after the issues with respect to the
protection of parents of state government employees at Guwahati. If the parent of the state government employee is
ignored then 10 % or 15 % of the employees salary will be deducted by the government and paid to the parents of
differently abled siblings.
 Municipal Corporation of Raigarh (CG) has won the first prize in Swachhata Excellence Award 2019 on
February 16 2019 . Municipal Corporation of Ambikapur and Kumbakonam are second and third respectively.
 Train -18( Vande Bharat Express) first Semi high Speed Train flagged off on 15 Feb 2019 from New Delhi to
Varanasi.
 Face Book Launched Digital Skilling Initiatives for girls of 5 states namely MP, WB, Jharkhand, Maharashtra, &
Odisha : GOAL ( Going online as Leaders)
 Ayushman Bharat Yojana or Pradhan Mantri Jan Arogya Yojna (PM-JAY) app has been launched.
 Odisha Approved “KHUSHI YOJNA” to provide free sanitary Napkins to school giorls from class VI to XII.
 Zimbabwe Launched new devalued currency “RTGS Dollars”
 India’s GDP Growth Projrction lowered to 7 % in 2018-19 down from 7.2% attained during teh previous FY.
 JP Morgan becomes the first US Bnak with Cryptocurrency ,
 RBI Enhanced collateral Free Agriculture Loan Limit from Rs. 1 Lakh to Rs. 1.6 Lakh . This will enhance coverage of
small and marginal farmers in the formal credit system.
 RBI revised definition of BulkDeposit from Single Rupee Deposit of Rs. 1 Crore to Single Rupee Deposit of Rs. 2
Crore and above. RBI allows banks to offer differential Rate of Interest above the Bulk Deposit Limit.
 First Humanoid Police Robot name KP-BOT launched in Kerela.
 World’s first female AI news anchor Xin Xiaomeng .
 Indian Air Force carried our Exercise “VAYU SHAKTI 2019” at Pokharan Rajasthan
 Aero India 2019 organized at Bangalore where 2 big accidient took place.
Index Released by India’s Position Top Three
World Happiness Report UN Sustainable 140th Finland, Denmark, Norway

2019 Development Solutions
Network
Global Gender Gap Index World Economic Forum 108th Iceland, Norway, Sweden
2018
Ease of Doing Business World Bank 77th New Zealand, Singapore,
(EODB) 2018 Denmark
Global Democracy Index Economist Intelligence 42nd Norway, Iceland, Sweden
2018 Unit (EIU)
Quality of Life Index, 2019 Mercer Chennai (105th) Vienna, Zurich, Vancouver
Global Talent INSEAD, The Adecco 80th Switzerland, Singapore,

Competitiveness Index, Group, Tata USA
2019 Communications
Global Corruption Index Transparency International 78th Denmark, New Zealand,
2018 Finland
Bloomberg Innovation Bloomberg 54th South Korea, Germany,
Index 2019 Finland
WTTC Ranking 2018 World Travel and Tourism 3rd China, USA, India
Council
International Intellectual US Chambers of 36th USA, UK, Sweden
Property (IP) Index, 2019 Commerce
Inclusive Internet Index Economist Intelligence 47th Sweden, Singapore, USA
2019 Unit (EIU)
OSCAR AWARDS BAFTA AWARDS

Best Film : Green Book Best Film : Roma
Best Actor (Male) : Rami Malek for Film Bohemian Rhapsody Best Actor (Male) : Rami Malek for Film
Bohemian Rhapsody
Best Actor (Female): Olivia Colman for Film The Favourite Best Actor (Female): Olivia Colman for Film The
Favourite
Max Awards : Film Bohemian Rhapsody ( 4 Awards)
INDIAN FILM (Based on Hapur Girl )
Best Short Documentary Film : Period, End of Sentence
Director : Rayka Zehtabchi
Produced by : Melissa Berton
State Bank of India launched ‘YONO Cash’
State Bank of India launched ‘YONO Cash’ for cardless withdrawal of cash at over 16,500 SBI ATMs across the country.
With this facility, customers can initiate the cash withdrawal process on the YONO app and set a six-digit YONO Cash PIN
for the transaction. They will also get a six-digit reference number for the transaction on their registered mobile number
via SMS. The withdrawal has to be completed in the next 30 minutes at the nearest ATM. The initiative will also address
their concern of using debit card at the ATMs for cash withdrawals by eliminating possible risk associated with it.
RBI CATEGORISED IDBI AS PRIVATE BANK
IDBI Bank has been categorised as a private sector bank for regulatory purposes with effect from January 21, 2019. This
follows Life Insurance Corporation of India (LIC) acquiring 51 per cent of the total paid-up equity share capital of the bank.
In April 2005, IDBI Bank was categorised under a new sub-group, ‘other public sector banks,’ by the RBI.
Domestic Systemically Important Banks (D-SIBs)
In another release, the RBI announced that the State Bank of India, ICICI Bank and HDFC Bank will continue to be
identified as Domestic Systemically Important Banks (D-SIBs). D-SIB means that a bank is 'too big to fail'.
SBI to link the interest rate to RBIs repo rate

State Bank of India is to link the interest rate it offers on savings account deposits to the Reserve Bank of India’s repo rate,
an external benchmark. SBI has become the first domestic bank to do such linking. By doing so, the bank will effectively
link all loan rates to an external benchmark either directly or indirectly, thereby attempting to speed up the transmission of
any changes in the benchmark monetary policy rate to depositors and borrowers. The following changes are announced
by SBI: ♦ Savings accounts with deposits above Rs.1 lakh would be priced at 2.75% below the prevailing repo rate of
6.25% ♦ Cash credit accounts and overdraft facilities over Rs.1 lakh would be priced at 2.25% over the repo rate ♦ For all
other floating rate products, including retail and corporate loans, the impact of SBI’s decision to link savings account
deposit rates to the repo rate will be felt indirectly ♦ For savings account holders with balances up to Rs.1 lakh and
borrowers with cash credit and overdraft limits up to Rs.1 lakh, interest rates will remain fixed
Korea Exim Bank to give Rs 4,100 crore loan for Vizag Metro
Korea Exim Bank has come forward to extend a Rs 4,100 crore loan for Visakhapatnam Metro Rail project. The three-
corridor Vizag Metro would be built over a stretch of 42.55 km at a cost of Rs 8,300 crore. About Korea Eximbank: ♦ Also
called Export–Import Bank of Korea ♦ It is the official export credit agency of South Korea ♦ Founded: 1976 ♦
Headquarters: Seoul, South Korea
World Bank to provide Rs 2,200 crores for a healthcare project to Andhra Pradesh
The World Bank decided to provide a loan of Rs. 2200 crores ($328-million) to Andhra Pradesh for implementation of the
AP Health Systems Strengthening Project (APHSSP). The loan agreement was signed between the Government of India,
government of Andhra Pradesh and the World Bank. The agreement was signed by Bandana Preyashi, director,
Department of Economic Affairs, Ministry of Finance (GoI), Poonam Malakondaiah, Special Chief Secretary (Medical and
Health, AP government) and Mohini Kak and Kari L Hurt, representatives of World Bank in India. The project aims to
improve the quality of healthcare, availability and accessibility of primary health services to the majority population of the
state. The quality of healthcare delivery will be enhanced through National Quality Assurance Standards (NQAS)
certifications for Community Health Centres (CHCs) and Primary Health Centres (PHCs).
Govt to issue Rs 20 coins for the first time
The Finance Ministry has announced the rollout of a new ₹20 coin shaped like a "dodecagon", a 12-edged polygon. The
new coin will be heavier than all the existing coins at 8.54 grams. The obverse side of the coin will bear Lion Capital of
Ashoka Pillar while the reverse will have the denominational value "20" with rupee symbol "₹" above. New series of Re 1,
Rs 2, Rs 5 and Rs 10 denomination coins will also be minted. As per Coinage Act, 1906, the Government of India has the
sole right to mint coins and the responsibility for coinage vests with the Government. Coins are minted at the four India
Government Mints at Mumbai, Alipore (Kolkata), Saifabad (Hyderabad), Cherlapally (Hyderabad) and Noida (UP). The
coins are issued for circulation only through the Reserve Bank in terms of the RBI Act.
RBI for Setting up Regulatory Sandbox

Reserve Bank of India (RBI) will be issuing guidelines within two months for the fintech companies to test their new
products on a small group of users
India’s first foreign-owned bank prepares for Rs 400 crore IPO; listing likely by September
Catholic Syrian Bank Ltd., in which Watsa’s Fairfax India Holdings Corp. received approval to take a controlling stake, is
gearing up for a listing that may involve a 4 billion rupee ($58 million) i
Bandhan Bank, Gruh finance merger by Dec; to push affordable housing

Bandhan Bank's merger with Gruh Finance would reduce the non-operative promoter Bandhan.
RBI governor Shaktikanta Das to meet heads of payments banks; ‘sandbox’ guidelines soon
A sandbox approach means experimenting and learning before finally adopting a technology or system.
Ab saath hai teen behtar se behtereen – Bank of Baroda
BUDGET 2019 st
• The Finance Minister Piyush Goyal presented the Interim Budget 2019, in the Parliament on 1 Feb, 2019. It is
Narendra Modi government's last budget before the 2019 Lok Sabha elections.
• It was highlighted by the FM, the economy is moving towards realising a 'New India' by 2022, when the country
celebrates 75 years of India's independence -an India which is clean and healthy, where everybody would have a house
with universal access to toilets, water and electricity; where farmers' income would have doubled; youth and women would
get ample opportunities to fulfil their dreams; an India free from terrorism, communalism, casteism, corruption and
nepotism.
OVERVIEW OF THE ECONOMY:
th
• India is currently the fastest growing major economy in world and the sixth largest economy, compared to 11
largest in 2013-14.
• India will be a US$ 5 trillion economy in the next five years and might become a US$ 10 trillion economy in the
next eight years thereafter.
• Average inflation rate in the country has gone down drastically to 4.6 per cent, lower than inflation under any other past
government.
• Fiscal deficit of the Government of India is expected to be 3.4 per cent of the GDP for 2019-20 and 2018-19 (revised
estimates).
• The current account deficit (CAD), against a high of 5.6% six years ago, is likely to be only 2.5% of GDP this year.
• Fiscal deficit has been contained notwithstanding the Finance Commission's recommendations increasing the share of
the states from 32% to 42% in central taxes, which was accepted in the true spirit of cooperative federalism.
• Due to a stable and predictable regulatory regime, growing economy and strong fundamentals, India could attract
massive amount of Foreign Direct Investment (FDI) during the last 5 years - as much as $239 billion. This period also
witnessed a rapid liberalisation of the FDI policy, allowing most FDI to come through the automatic route.
NEXT GENERATION STRUCTURAL REFORMS:
• The last five years have witnessed a wave of next generation structural reforms, which have set the stage for decades
of high growth.
• Govt. have undertaken path breaking structural reforms by introducing Goods and Services Tax (GST) and other
taxation reforms.
• Growth of 18% in direct tax collection in 2017-18 and increase in tax base by 1.06 crore people filing income tax returns
for the first time in FY 2017-18 is mainly on account of demonetization.
• The tax collections increased significantly from Rs. 6.38 Lakh crore in 2013-14 to almost Rs. 12 lakh crore this year. The
number of returns filed have also increased from 3.79 crore to 6.85 crore showing 80% growth in tax base.
• The 4Rs approach of recognition, resolution, re-capitalisation and reforms has been followed. A number of other
measures have been implemented to ensure Clean Banking.
• The Insolvency and Bankruptcy Code has institutionalised a resolution-friendly mechanism, which is helping in recovery
of non-performing loans while preserving the underlying businesses and jobs.
• An amount of close to Rs.3 lakh crore has already been recovered by banks and creditors.
• To restore the health of public sector banks, recapitalisation has been done with an investment of Rs. 2.6 lakh crore.
Amalgamation of banks has also been done to reap the benefits of economies of scale, improved access to capital and to
cover a larger geographical spread.
• The Real Estate (Regulation and Development) Act, 2016 (RERA) and Benami Transaction (Prohibition) Act, 1988 are
helping to bring transparency in the real estate sector. The Fugitive Economic Offenders Act, 2018 will help confiscate and
dispose-off the assets of economic offenders who escape the jurisdiction of the laws in India.
• The anti-black money measures taken during the last four and half years in the form of Black Money Law, the Fugitive
Criminal Offenders Act, and Demonetisation, have brought undisclosed income of about Rs. 1,30,000 crore to tax, led to
seizure and attachment of assets worth approximately Rs. 50,000 crore, and compelled holders of large cash currency to
disclose their source of earnings. During this period, Benami assets worth Rs. 6,900 crore and foreign assets worth Rs.
1,600 crore have been attached.
• As many as 3,38,000 shell companies have been detected and de-registered, and their directors disqualified.
POOR AND BACKWARD CLASSES:
• The Government is working to reduce the rural-urban and class divide in the country.
• Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has been allocated Rs. 60,000 crore (US$
8.44 billion) for 2018-19.
• A new pension scheme named 'Pradhan Mantri Shram-Yogi Maan-dhan' will be launched for workers in the
unorganised sector, with an outlay of Rs. 500 crore (US$ 70.31 million) for 2019-20. This would provide them an assured
monthly income of Rs. 3,000 (US$ 42.19) from 60 years of age.
• NITI Aayog will set up a committee to identify de-notified, nomadic and semi-nomadic communities, which are not yet
classified. A welfare development board will also be set up for these communities' empowerment.
SUPPORT FOR FARMERS:
• A programme named 'Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)' is
being launched to provide assured income support to the vulnerable farmers in the country. Under the scheme, families
with cultivable land of up to two hectares will be given direct income support of Rs. 6,000 (US$ 84.38) per year in three
equal installments. Around 120 million small and marginal farmer families will benefit from this programme. This income
support will be transferred directly into the bank accounts of beneficiary farmers, in three equal installments of Rs.2,000
st
each. This programme will be funded by Government of India. The programme would be made effective from 1
December 2018 and the first installment for the period upto 31st March 2019 would be paid during this year itself. This
programme will entail an annual expenditure of Rs.75,000 crore.
• Rashtriya Kamdhenu Aayog will be set up to enhance cow resources.
• Farmers pursuing animal husbandry and fisheries activities, who avail credit under the Kisan Credit Card scheme (KCC)
will become eligible for 2% interest subvention and 3 per cent subvention on timely repayment.
INFRASTRUCTURE :
• Railways will get capital support of Rs. 64,587 crore (US$ 9.08 billion) in 2019-20. Operating ratio of the railways is
expected to improve to 95 per cent in 2019-20.
• Container cargo movement will be introduced to North-East areas.
• Around 100,000 villages in the country will be made digital villages in the next five years.
• A National Centre on Artificial Intelligence will be created on lines with the Centres of Excellence.
• Pradhan Mantri Gram Sadak Yojana (PMGSY) has been allotted Rs. 19,000 crore (US$ 2.67 billion) in 2019-20.
• The number of operational airports has crossed 100 with the commissioning of the Pakyong airport in Sikkim.
• India is the fastest highway developer in the world with 27 kms of highways built each day.
• Introduction of the first indigenously developed and manufactured semi high-speed 'Vande Bharat Express' will give the
Indian passengers world class experience with speed, service and safety. This major leap in wholly developed technology
will give an impetus to the Make in India programme and create jobs.
MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) AND TRADERS:
• Government has undertaken many steps to strengthen MSME sector, which will generate employment opportunities.
Recently, a scheme of sanctioning loans upto Rs. 1 crore in 59 minutes has been launched.
• GST registered SME units will get 2% interest rebate on incremental loan of Rs. 1 Crore. The requirement of sourcing
from SMEs by Government enterprises has been increased to 25%. Of this, the material to the extent of at least 3% will be
sourced from women owned SMEs.
• The Government e-Marketplace (GeM) is being extended to all Central Public Sector Enterprises (CPSEs), providing
more opportunities for MSMEs to sell their products.
• Over 90 per cent of businesses paying goods and services tax (GST) will soon be able to file quarterly returns.
• The Government has assigned the subject of 'promotion of internal trade including retail trading and welfare of traders,
and their employees' to the Department of Industrial Policy and Promotion, which will now be renamed as the Department
for Promotion of Industries and Internal Trade.
TAX PROPOSALS :
• Individual taxpayers with annual income up to Rs. 5,00,000 (US$ 7,031.34) will get full tax rebate and hence will not be
required to pay any tax. As a result people with gross income up to Rs. 6,50,000 (US$ 9,140.74) may get full tax
exemption with specific investments. This is expected to provide tax benefit of around Rs. 18,500 crore (US$ 2.60 billion)
to around 30 million middle class taxpayers in the country.
• Standard deduction for salaries persons is increased from Rs. 40,000 (US$ 562.51) to Rs. 50,000 (US$ 703.13).
• Income tax on notional rent for second self-occupied house will be exempted.
• Threshold for tax deducted at source (TDS) for interest on bank and post office deposits is increased from Rs. 10,000
(US$ 140.63) to Rs. 40,000 (US$ 562.51).
• Benefit of rollover capital gains up to Rs. 2 crore (US$ 0.28 million) will be increased from investment in one residential
house to two houses. This can be availed once in a lifetime. FISCAL PROGRAMME FOR 2019-20 & BEYOND:
• The fiscal deficit of year 2019-20 has been pegged at 3.4% of GDP against fiscal deficit at 3.3% for year 2018-19 and
taken further steps to consolidate fiscal deficit in the year 2019-20. However, considering the need for income support to
farmers Govt. have provided Rs. 20,000 crore in 2018-19 RE and Rs. 75,000 crore in 2019-20 BE. If we exclude this, the
fiscal deficit would have been less than 3.3% for 2018-19 and less than 3.1% for year 2019-20.
• Govt. have maintained the glide path towards target of 3% of fiscal deficit to be achieved by 2020-21. India's Debt to GDP
ratio was 46.5% in year 2017-18. The FRBM Act prescribes that the Debt to GDP ratio of the Government of India should
be brought down to 40% by 2024-25. Along with completion of the fiscal deficit consolidation programme, Govt. will now
focus on Debt consolidation.
OTHER HIGHLIGHTS :
• Government initiated the world's largest behavioural change movement with the Swachh Bharat Mission. India has
achieved 98% rural sanitation coverage and as many as 5.45 lakh villages have been declared 'Open Defecation Free.'
• The poor have the first right on the resources of the nation. The Government while maintaining the existing reservation
for SC/ST/Other Backward Classes, have now ensured 10% reservation in educational institutions and Government
services for poors. In these institutions, around 25% extra seats (approximately 2 lakh) will be provided so that, there is no
shortfall of presently available/reserved seats for any class.
• To provide food grains at affordable prices to the poor and middle classes, about Rs.1,70,000 crores were spent in the
year 2018-19 which is almost double the amount of Rs.92,000 crores spent in the year 2013-14.
• Under the Pradhan Mantri Gram Sadak Yojana, construction of rural roads has been tripled. 15.80 lakh habitations out
of a total of 17.84 lakh habitations have already been connected with pucca roads. During the period 2014-18, a total
number of 1.53 crore houses have been built under the Pradhan Mantri Awas Yojana.
• Under 'Saubhagya Yojna', the Govt. has provided free electricity connection to almost every household. By March,
2019, all willing families will get electricity connection. In mission mode, the Govt. has provided 143 crore LED bulbs with
the participation of private sector. This has resulted into a savings of approximately Rs.50,000 crore per year in electricity
bills of poor and middle class families.
• The Govt. has launched the world's largest healthcare programme, Ayushman Bharat, to provide medical treatment to
nearly 50 crore people. Already close to 10 lakh patients have benefited for medical treatment which would have cost
them Rs. 3,000 crore through free treatment made available under the scheme. Lakhs of poor and middle class people are
also benefiting from reduction in the prices of essential medicines through Pradhan Mantri Jan Aushadhi Kendras.
• There are 21 AIIMS operating or being established in the country presently. 14 of these 21 AIIIMS have been
announced since 2014. The 22nd AIIMS is proposed to be set up in Haryana.
• With an aim to double the income of farmers, the Government has fixed the minimum support price (MSP) of all 22
crops at minimum 50% more than the cost.
• During the last five years, for providing affordable loans to farmers, the amount of interest subvention has been doubled.
The crop loan to farmers increased to Rs.11.68 lakh crore in year 2018-19.
• The New Pension Scheme (NPS) has been liberalized. Keeping the contribution of the employee at 10%, the Govt. has
increased its contribution by 4% making it 14%.
• The ceiling of payment of gratuity has been enhanced from Rs.10 lakhs to Rs.20 lakhs.
• When natural calamities strike, farmers are generally unable to repay their crop loans. Presently, the crop loans are
rescheduled for such affected farmers and they get benefit of interest subvention of 2% only for the first year of the
rescheduled loan. The Government has now decided that all farmers affected by severe natural calamities, where
assistance is provided from National Disaster Relief Fund (NDRF), will be provided the benefit of interest subvention of 2%
and prompt repayment incentive of 3% for the entire period of reschedulement of their loans.
• Government proposes to launch a mega pension yojana namely 'Pradhan Mantri Shram-Yogi Maandhan' for the
unorganised sector workers with monthly income upto Rs. 15,000. This pension yojana shall provide them an assured
monthly pension of Rs. 3,000 from the age of 60 years on a monthly contribution of a small affordable amount during their
working age. An unorganised sector worker joining pension yojana at the age of 29 years will have to contribute only Rs.
100 per month till the age of 60 years. A worker joining the pension yojana at 18 years, will have to contribute as little as
Rs.55 per month only. The Government will deposit equal matching share in the pension account of the worker every
month. It is expected that at least 10 crore labourers and workers in the unorganised sector will avail the benefit of
'Pradhan Mantri Shram-Yogi Maandhan' within next five years making it one of the largest pension schemes of the world.
A sum of Rs.500 crore has been allocated for the Scheme.
• India is amongst the most youthful nations in the world. Through Pradhan Mantri Kaushal Vikas Yojana, over 1 crore
youth are being trained to help them earn a livelihood. Under MUDRA Yojana 15.56 crore loans have been disbursed
amounting to Rs.7,23,000 crore.
• In order to take the benefits of Artificial Intelligence and related technologies to the people, a National Programme on
'Artificial Intelligence' has been envisaged by Government. This would be catalysed by the establishment of the National
Centre on Artificial Intelligence as a hub along with Centres of Excellence. Nine priority areas have been identified. A
National Artificial Intelligence portal will also be developed.
• Monthly consumption of mobile data increased by over 50 times in the last five years. The cost of data and voice calls in
India is now possibly the lowest in the world. Under Make in India, mobile and parts manufacturing companies have
increased from 2 to more than 268 providing huge job opportunities. More than 3 lakh Common Service Centres (CSCs)
employing about 12 lakh people, are digitally delivering several services to the citizens. The Common Service Centres are
expanding their services and also creating digital infrastructure in the villages, including connectivity, to convert the
villages into Digital Villages. The Government will make 1 lakh villages into Digital Villages over next five years.
• Jan Dhan-Aadhaar-Mobile (JAM) and Direct Benefit Transfer have been game changers. In the last five years, nearly 34
crore Jan Dhan bank accounts were opened. Aadhaar is now near universally implemented. This has helped ensure the
poor and middle class receive the benefits of Government schemes directlyly in their bank accounts by eliminating
middlemen.
• GST REFORM:
• The Goods and Services Tax (GST) reforms implemented undoubtedly the biggest taxation reform undertaken since
Independence. Seventeen different taxes levied by the Central and State/UT Governments with cascading effect of tax on
tax, were consolidated into one GST. India became a common market. GST has resulted in increased tax base, higher
collections and ease of trade. This will reduce the interface between the tax payer and the Government for day-to-day
operations and assessments.
• The high taxation levied on multiple commodities in the pre-GST regime has been rationalised and the burden on the
consumer, especially the poor and the middle class, has been significantly reduced.
• The GST Council, comprising the Centre and States/UTs, finalised the GST rates collectively mostly lower than pre-
GST rates. Since then, GST has been continuously reduced providing relief of about Rs. 80,000 crore annually to
consumers. Most items of daily use of the poor and middle class are now in the 0% or 5% tax slab. Cinema goers who
were subjected to multiple taxes up to 50% are mostly paying much lower tax at 12% now.
• The Government wants the GST burden on home buyers to be reduced and accordingly we have moved the GST
Council to appoint a Group of Ministers to examine and make recommendations in this regard.
• GST aims to benefit small traders, manufacturers and service providers. Exemptions from GST for small businesses
has been doubled from Rs.20 lakh to Rs.40 lakh. Further, small businesses having turnover up to Rs. 1.5 crore have been
given an attractive composition scheme wherein they pay only 1% flat rate and have to file one annual return only.
• Similarly, small service providers with turnover upto Rs.50 lakhs can now opt for composition scheme and pay GST at
6% instead of 18%. More than 35 lakh small traders, manufacturers and service providers will benefit from these trader
friendly measures. Soon, businesses comprising over 90% of GST payers will be allowed to file quarterly return.
• In spite of such major rate reductions and relaxations, revenue trends are encouraging. The average monthly tax
collection in the current year is Rs. 97,100 crore per month as compared to Rs. 89,700 crore per month in the first year.
The State revenues are improving with guaranteed 14% annual revenue increase for the first five years.
• To promote the 'Make in India' initiative, the Govt. has undertaken rationalization of customs duties and procedures. The
Government has abolished duties on 36 capital goods. A revised system of importing duty free capital goods and inputs
for manufacture and export has been introduced, along with introduction of single point of approval under Section 65 of the
Customs Act. Indian Customs is introducing full and comprehensive digitalization of export/import transactions and
leveraging RFID technology to improve export logistics.
• Stamp duties would be levied on one instrument relating to one transaction and get collected at one place through the
Stock Exchanges. The duty so collected will be shared with the State Governments seamlessly on the basis of domicile of
buying client.
MAJOR EXPENDITURE ITEMS:
• Total expenditure rises from Rs. 24,57,235 crore in 2018-19 RE to Rs.27,84,200 crore in 2019-20 BE, a rise of
Rs.3,26,965 crore or approximately 13.30%. This reflects a high increase considering low inflation.
• Capital Expenditure for 2019-20 is estimated to be Rs. 3,36,292 crore (US$ 47.29 billion). Centrally Sponsored
Schemes (CSS) are proposed to be allocated Rs.3,27,679 crore in BE 2019-20 as against Rs. 3,04,849 crore in 2018-19
RE. Allocation for National Education Mission is being increased from Rs. 32,334 crore in RE 2018-19 to Rs. 38,572 crore
in BE 201920. Allocation for Integrated Child Development Scheme (ICDS) is being increased from Rs. 23,357 crore in RE
2018-19 to Rs.27,584 crore in BE 2019-20.
• Defence budget will surpass Rs. 300,000 crore (US$ 42.19 billion) for the first time in 2019-20.
• Allocation for North-East areas is pegged at Rs. 58,166 crore in 2019-20, an increase of 21% over 2018-19 (BE).
• Scheduled tribes have been allocated Rs. 50,086 crore (US$ 7.04 billion) in 2019-20, an increase of 28% over 2018-19
(BE).
• As many as 57 CPSEs are now listed with total market capitalisation of over Rs.13 lakh crore. The Govt. received over
Rs. 1 lakh crore from disinvestment proceeds during 2017-18. VISION FOR THE NEXT DECADE:
• India is poised to become a Five Trillion Dollar Economy in the next five years and aspire to become a Ten Trillion
Dollar Economy in the next 8 years thereafter.
• With comprehensive ten-dimensional Vision, India would be a modern, technology driven, high growth, equitable and
transparent society.
VISION 2030- TEN DIMENSIONS:
• The First Dimension of the Vision will be to build physical as well as social infrastructure for a ten Trillion Dollar economy
and to provide ease of living. It will comprise next generation infrastructure of roads, railways, seaports, airports, etc. On
the social infrastructure side, every family will have a roof on its head and will live in a healthy, clean and wholesome
environment.
• The Second Dimension of the Vision is to create a Digital India reaching every sector of the economy. Digital
Infrastructure and digital economy of 2030 will be built upon the successes achieved in recent years in digitisation of
Government processes and private transactions The Third Dimension of the Vision is Making India a pollution free
nation. India will drive on Electric Vehicles with Renewables becoming a major source of energy supply bringing down
import dependence and ensuring energy security for our people.
• The Fourth Dimension of the Vision is expanding rural industrialisation using modern digital technologies to
generate massive employment. This will be built upon the Make in India approach to develop grass-roots level clusters,
structures and mechanisms encompassing the MSMEs, village industries and start-ups. India is on the way to becoming a
global manufacturing hub in various sectors including automobiles and electronics, defence and medical devices.
• The Fifth Dimension of the Vision for India of 2030 is Clean Rivers, with safe drinking water to all Indians, sustaining
and nourishing life and efficient use of water in irrigation using micro-irrigation techniques.
• The Sixth Dimension of the Vision is India's long coastline and our ocean waters powering India's development. The
Sagarmala programme will be scaled up and develop other inland waterways faster.
• The Seventh Dimension of the Vision aims at the outer skies. With space programme - Gaganyaan, India is
becoming the launch-pad of satellites for the World and placing an Indian astronaut into space by 2022 reflect this
dimension of our vision.
• The Eighth Dimension of the Vision is Making India self-sufficient in food, exporting to the world to meet their food
needs and producing food in the most organic way. An integrated approach towards agro and food processing,
preservation, packaging and maintenance of the cold chain will be the focus.
• The Ninth Dimension of the Vision is a healthy India by aiming at healthy society with an environment of health
assurance and the support of necessary health infrastructure. Government has rolled out the Ayushman Bharat scheme.
By 2030, the Govt. will work towards a distress free health care and a functional and comprehensive wellness system for
all.
• The Tenth Dimension the Vision is transforming India into a Minimum Government Maximum Governance nation. The
India of 2030 will have a proactive and responsible bureaucracy which will be viewed as friendly to people.
STRATEGY FOR NEW INDIA @ 75
• The 'Strategy for New India @75' - a comprehensive national Strategy for New India, has been unveiled by NITI
Aayog. It defines clear objectives for 2022-23 and a detailed exposition across forty-one crucial areas, that recognizes the
progress already made, identifies binding constraints, and suggests the way forward for achieving the clearly stated
objectives.
• In his foreword the Prime Minister states, "The Strategy for New India @75 put together by NITI Aayog is an attempt to
bring innovation, technology, enterprise and efficient management together, at the core of policy formulation and
implementation. It will encourage discussion and debate, and invite feedback for further refining our policy approach. We
believe that economic transformation cannot happen without public participation. Development must become a Jan
Andolan."
• The strategic document will be followed by a vision document, which will spell out the 15-year growth trajectory India
needs to follow. The main focus of both documents is to ensure as to how reforms and the best of government initiatives
reach the bottom of the pyramid.
• The document replaces the now defunct five-year plans. As per the NITI Aayog, the average annual growth of 8 per
cent during 2018-19 to 2022-23, with the concluding year yielding 910 per cent expansion, is needed to generate sufficient
jobs and make India a $4-trillion (Rs 285 trillion) economy.
• The overarching focus of the Strategy document is to further improve the policy environment in which private investors
and other stakeholders can contribute their fullest towards achieving the goals set out for New India 2022 and propel India
towards a USD 5 trillion economy by 2030.
• In a document it is suggested this growth rate be achieved through increasing the investment rate, improving the ratio of
taxes to Gross Domestic Product (GDP), raising export, continued exit of the government from non-strategic public sector
units and further liberalising the Foreign Direct Investment regime.
• The acceleration in economic growth must be inclusive, sustained, 'clean' and formalised. The investment rate should
be raised from the present 29 per cent of GDP to 36 per cent by 2022-23, of which half must come from public investment.
Government contribution to capital expenditure should be raised to 7 per cent by 2022-23, from 4 per cent at present
• The strategy paper also called for having flexible fiscal deficit targets, based on prevailing economic conditions. It bats
for governance reforms in public sector banks, through independent and commercially-driven boards of directors,
performance assessment of executives and increased flexibility in personnel policy. Private investment in infrastructure
should be focused on through a renewed public-private partnership model.
• The document calls for the government to exit from non-strategic public sector enterprises (PSEs), as this will attract
private investment and contribute to the exchequer, enabling higher public investment. For larger central PSEs, the goal
should be to create widely held companies, by offloading stake to the public to create entities where no single promoter
has control. This will both improve management efficiency and allow government to monetise its holdings, with substantial
contribution to public finances.
• Export of goods and services, will have to be increased to $800 billion a year, as against the existing $478 bn, to
achieve the growth target.
• The paper also set an annual inflation target of two to six per cent by 2022-23. This is also the mandate for the Reserve
Bank of India.
The Forty-one chapters in the document have been disaggregated under four sections namely Drivers,
Infrastructure, Inclusion and Governance:
I) DRIVERS:
The first section on Drivers focuses on the engines of economic performance with chapters on growth and employment,
doubling of farmers' incomes; upgrading the science, technology and innovation eco-system; and promoting sunrise
sectors like fintech and tourism.
Some of the key recommendations in the section on drivers include:
> Steadily accelerate the economy to achieve a GDP growth rate of about 8% on average during 2018-23. This will raise
the economy's size in real terms from USD 2.7 trillion in 2017-18 to nearly USD 4 trillion by 2022-23.
> To enhance public investment, the country should aim to increase its tax to GDP ratio to at least 22 per cent of GDP by
2022-23, from the current 17 per cent.
> Increase the investment rate as measured by gross fixed capital formation (GFCF) from the present 29% to 36% of GDP
by 2022. The average among OECD countries is 35 per cent. India's is low even when compared to other emerging
economies - Brazil's is 34 per cent, South Africa.has 27 per cent and China 22 per cent.
> In Agriculture, shift the emphasis to converting farmers to 'agripreneurs' by further expanding e-National Agriculture
Markets and replacing the Agricultural Produce Marketing Committee Act with the Agricultural Produce and Livestock
Marketing Act.
> Give a strong push to 'Zero Budget Natural Farming' techniques that reduce costs, improve land quality and increase
farmers' incomes. This has emerged as a tested method for putting environment carbon back into the land.
> To ensure maximum employment creation, complete codification of labor laws and a massive effort must be made to
upscale and expand apprenticeships.
> Launch a mission "Explore in India" by revamping minerals exploration and licensing policy.
II) INFRASTRUCTURE:
The second section on Infrastructure deals with the physical foundations of growth which are crucial to enhancing the
competitiveness of Indian business as also ensuring the citizens' ease of living.
S ome of the key recommendations in the section are:
> Gujarat International Finance and Tech City (GIFT) should be leveraged to push financial sector liberalisation. It is an
opportunity for onshore trading in rupees and other derivatives, which currently happens outside India for regulatory
reasons. If GIFT succeeds, it said, such liberalisation could be extended to the rest of the country.
> Expedite the establishment of the Rail Development Authority (RDA), which is already approved. RDA will advise or
make informed decisions on an integrated, transparent and dynamic pricing mechanism for the railways.
> Double the share of freight transported by coastal shipping and inland waterways. Initially, viability gap funding will be
provided until the infrastructure is fully developed. Develop an IT-enabled platform for integrating different modes of
transport and promoting multi-modal and digitized mobility.
> With the completion of the Bharat Net programme in 2019, all 2.5 lakh gram panchayats will be digitally connected. Aim
to deliver all government services at the state, district, and gram panchayat level digitally by 2022-23.
III) INCLUSION:
This section on Inclusion deals with the urgent task of investing in the capabilities of all of India's citizens. The three
themes in this section revolve around the dimensions of health, education and mainstreaming of traditionally marginalized
sections of the population.
Some of the key recommendations in the section on inclusion include:
Successfully implementing the Ayushman Bharat programme including the establishment of 150,000 health and wellness
centres across the country, and rolling out the Pradhan Mantri Jan Arogya Abhiyaan (PM-JAY).
>Create a focal point for public health at the central level with state counterparts. Promote integrative medicine curriculum.
>Upgrade the quality of the school education system and skills, including the creation of a new innovation ecosystem at
the ground level by establishing at least 10,000 Atal Tinkering Labs by 2020.
>Conceptualize an electronic national educational registry for tracking each child's learning outcomes.
>Give a huge push to affordable housing in urban areas to improve workers' living conditions and ensure equity while
providing a strong impetus to economic growth.
IV) GOVERNANCE:
The final section on Governance delves deep into how the governance structures can be streamlined and processes
optimized to achieve better developmental outcomes. Some of the key recommendations in the section on
governance include:
>Implement of recommendations of the Second Administrative Reforms Commission as a prelude to appointing a
successor for designing reforms in the changing context of emerging technologies and growing complexity of the
economy. >Setting up a new autonomous body, viz., the Arbitration Council of India to grade arbitral institutions and
accredit arbitrators to make the arbitration process cost effective and speedy, and to pre-empt the need for court
intervention.
>Addressing the backlog of pending cases - shifting part of workload out of regular court system.
>Expanding the scope of Swachh Bharat Mission to cover initiatives for landfills, plastic waste and municipal waste and
generating wealth from waste. ___________________________
ONE LINE QUESTIONS ON BUDGET

1. Interim Budget is also known as: Mini Budget & Vote on account
2. In which Article of the Constitution, Budget is covered: Article 112
3. Total expenditure in Budget Estimate 2019-20 is slotted to increase by: 14.7%
4. Gross tax revenues are expected to grow by _ in FY20:13.5%
5. Nominal GDP is estimated to grow at ____in 2019-20 and Real GDP growth is expected to be______: 11.5% &
7.5%
6. Direct taxes in 2019-20 (Budget Estimate) are projected to grow at ____over 2018-19 and Indirect taxes are
expected to grow at___ :15% & 11.8%
7. Fiscal deficit revised target for 2019 is: 3.4%
8. Disinvestment target for Budget Estimate 2019-20 is: Rs.90,000 cr
9. Total Agricultural and Rural Development spending hiked by 30% to Rs: Rs. 2.89 trillion
10. What is name of new scheme announced for Farmers: Pradhan Mantri Kiran Samman Nidhi
11. Under 'PM-KISAN' govt. will entail an annual expenditure of Rs. : Rs.75,000 cr
12. How much Amount is allocated for MGNREGA for 2019-20 Budget Estimate: Rs.60,000 cr
13. Farmers owning up to two hectares of land will get how much rupees per year as income support under new
scheme: Rs.6000
14. How much amount is allotted for Pradhan Mantri Gram Sadak Yojana in 2019-20: Rs.19,000 cr
15. How much percent interest relief for farmers pursuing animal husbandry and fisheries: 2%
16. To support Animal Husbandry and Fisheries sector, total outlay for Rashtriya Gokul mission is increased to Rs.
_ : Rs. 750 cr
17. How much amount is allotted to Defence Sector for 2019- 20: Rs. 3,00,000 crore
18. The Budget 2019 allocates how much amount of capital support for the Indian Railways in 2019-20: Rs. 64,587
crore
19. How much amount allotted to North East for 2019-20: Rs.58,166 crore
20. Income up to how much rupees is exempted from Income Tax: Rs. 5,00,000
21. Tax exemption period on notional rent on unsold inventories extended to how many years from one years: 2
years
22. Rollover of capital gains to be increased from investment in one residential house to two houses for capital gains
upto: Rs. 2 crore
23. Approval of a technology intensive project which envisages that all income tax returns should be processed in
___________________________________________ : 24 hours
24. For the unorganised sector workers with monthly income upto Rs.15,000/- govt. has launched which pension
yojana: Pradhan Mantri Shram-Yogi Maandhan
25. Pradhan Mantri Shram Yogi Mandhan scheme aims to ensure fixed monthly pension to how many unorganised
sector workers: Rs.10 crore
26. Maximum ceiling of the bonus given to the labourers has been increased from Rs.3,500/- pm to : Rs.7,000
pm.
27. Limit of exemption on Gratuity amount has been increased to rupees from Rs10 lakh: Rs. 20 lakh
28. India has been ranked as the world's __ largest Start-up hub: 2nd
29. Tax deducted at source on interest income from deposit in banks and Post-offices raised from Rs. 10,000/- to
how much rupees? Rs. 40,000/-
30. Tax deducted at source on rental income increased from 1.8 lakh to Rs. : Rs. 2.4 Lakh
31. How much tax has been proposed in the Budget on notional rent on a second self occupied house: Tax
Exempted
32. Exemptions from GST for Small Businesses increased from Rs. 20 lakh to : Rs. 40 lakh
33. Small service providers with turnover upto Rs.50 lakhs can now opt for composition scheme and pay GST at %
instead of 18%: 6%
34. Businesses comprising over 90% of GST payers will be allowed to file returns: Quarterly Returns
35. Financial support is proposed to be given in the Budget for pregnant women under which scheme: Pradhan
Mantri Matru Vandana
36. India has achieved _ percent rural sanitation coverage: 98%
37. Minimum pension amount increased to how much amount: Rs.1000
38. ESI cover limit increased to how much amount: Rs. 21,000
nd
39. 22 AIIMS has been proposed to be setup in which state: Haryana
40. How much amount allotted to National Education Mission for 2019-20: Rs. 38,572 crore
41. How much amount allotted to SC/ ST welfare for 2019-20: Rs. 76,800 crore
42. MSP increased in the Budget by___times the production costs for farmers for all crops: 1.5
43. hat percentage of MUDRA Loan have been availed by Women beneficiaries: 70%
44. As per the Budget, PSUs have to procure at least____ percent of the 25% sourcing from women-owned SMEs:
3%
45. Under new pension scheme how much rupees received per month after 60 years of age with an affordable
contribution of only Rs. 100/55 per month: Rs. 3000
46. Government will contribute percent amount under New Pension Scheme: 14%
47. Individuals with gross income of up to_____ need not pay any tax if they make investments in provident funds
and prescribed equities: Rs. 6.5 Lakh
48. Standard deduction on taxable income for salaried class raised from Rs.40,000 to how much rupees: Rs. 50,000
49. GST registered SME units will get 2% interest rebate on incremental loan of: Rs 1 crore
50. The Union Budget reinforces Government's intention to improve the rural economy by boosting credit and
investment in the______sector: Farming sector
51. Central GST collections budgeted at Rs 6.10 trillion, expected to grow by strong YoY in FY20 at :21.1%
52. Custom duties to grow in FY20 Budget Estimate by __ : 11.8%
53. Non-tax revenue budgeted at Rs 2.73 trillion, up_____YoY basis by 2020: 11.2%
54. Subsidies to rise by 11.7% YoY to Rs 3.34 trillion with food subsidy higher at__: Rs.1.84 tn
55. Budgeted capital expenditure to rise by 6.2% YoY in FY20 to_____: Rs 3.36 tn
56. Standard deduction for salaried raised by____: Rs.10,000
57. Tax benefit for affordable housing extended by one year to: 31st March, 2020
58. An indigenously developed semi high-speed train which has been announced recently: Vande Bharat Express
EXPLANATION OF WORDS USED IN BUDGET
BUDGET: It is the Annual Financial Statement by the Finance Ministry in accordance with provisions of Article 112 of the
Indian Constitution, giving details of proposed govt expenditure and how money will be raised.
INTERIM BUDGET: An outgoing Government presents only an Interim Budget or seeks a vote on account It leaves it to
the next government to present the full Budget.
CENTRAL PLAN: It consists of the Government's budget support to the Plan and the internal and extra budgetary
resources raised by public enterprises.
• Plan Expenditure: It includes both revenue and capital expenditure of the government on the Central Plan,
Central assistance to States and Union Territory plans.
• Non-Plan Expenditure: It includes both revenue and capital expenditure on interest payments, the entire
defence expenditure (both revenue and capital expenditure), subsidies, postal deficit, policy, pensions, economic
services, loans to public enterprises and loans as well as grants to State Govt., UT and foreign Govt. Budget is
divided in to two parts: Capital and Revenue, pertaining broadly to one time and recurring expenditure,
respectively.
CAPITAL BUDGET: It consists of capital receipts and payments. It also incorporates transactions in the Public
Account. It has two components: Capital Receipt and Capital Expenditure.
• Capital Receipt: Include loans raised by the government from public which are called market loans, borrowings
from the RBI and other parties through sale of Treasury Bills, loans received from foreign governments, recoveries of
loans granted by Centre to State and UT governments and other parties.
• Capital Expenditure: Payments for acquisition of assets like land, buildings, machinery, equipment, as also
investments in shares etc, and loans by the Centre to States, Govt. companies, corporations and other parties.
REVENUE BUDGET: Revenue receipts of the government (tax revenues plus other revenues) and the expenditure
met from these revenues. It has two components: Revenue Receipt and Revenue Expenditure.
• Revenue Receipt: It includes proceeds of taxes and other duties levied by the Centre, interest and dividend on
investments made by the Govt. fees and other receipts for services rendered by the government.
• Revenue Expenditure: It is meant for the normal running of government departments and various services,
interest charges on debt incurred by the government and subsidies. Broadly speaking, expenditure which does not
result in creation of assets is treated as revenue expenditure. All grants given to State Govt. and other parties are also
treated as revenue expenditure even though some of the grants may be for creation of assets.
STEPS IN BUDGET PRESENTATION: Budget Speech: It is the first step in presentation of budget.
• Expenditure Budget: Contains expenditure estimates made for a scheme or programme under both revenue
and capital heads.
• Finance Bill: This contains the government's proposals for levy of new taxes, modification of the existing tax
structure or continuance of the existing tax structure beyond the period approved by Parliament.
• Demands for Grants: It is a statement of estimates of expenditure from the Consolidated Fund and is required to
be voted by the Lok Sabha. Generally, one Demand for Grant is presented by each Ministry.
• Appropriation Bill: It is presented to Parliament for its approval, so that the government can withdraw from the
Consolidated Fund the amounts required for meeting the expenditure charged on the Consolidated Fund. No amount
can be withdrawn from the Consolidated Fund till the Appropriation Bill is voted and enacted.
TYPES OF DEFICIT: Excess of Expenditure over Receipts is known as Deficit.
• Budgetary Deficit: It is the excess of total expenditure over total receipts.
• Capital Deficit: It refers to the excess of capital expenditure over capital receipts.
• Revenue Deficit: It refers to the excess of revenue expenditure over revenue receipts.
• Fiscal Deficit: It is the difference between the revenue receipts plus certain non-debt capital receipts and thetotal
expenditure including loans (net of repayments). This indicates the total borrowing requirements of thegovernment
from all sources.
• Primary Deficit: It is the difference between fiscal deficit and interest payments.
• Monetised Deficit: It indicates the level of support extended by the RBI to the Govt's borrowing programme.
VARIOUS GOVT ACCOUNTS:
• Consolidated Fund: It is made up of all revenues received by the government, loans raised by it, and also its
receipts from recoveries of loans granted by it. All expenditure of the government is incurred from the Consolidated
Fund and no amount can be withdrawn from the Fund without authorisation from Parliament.
• Public Account: It is an account in which money received through transactions not relating to the Consolidated
Fund is kept. Besides the normal receipts and expenditure of the government relating to the Consolidated Fund,
certain other transactions enter government accounts in respect of which the government acts more as a banker, for
example, transactions relating to provident funds, small savings collections, other deposits etc. Such money is kept in
the Public Account and the connected disbursements.
• Contingency Fund: It is an imprest placed at the disposal of the President and is used by the government to incur
all its urgent and unforeseen expenditure. Parliamentary approval for such expenditure and for withdrawal of an
equivalent amount from the Consolidated Fund is subsequently obtained and the amount spent from the Contingency
Fund is recouped to the Fund.
CURRENT GENERAL AWARENESS

• collateral-free agriculture loans from Rs. 1 Lakh to Rs.1.6 lakh
• Penalty for non-compliance of KYC Norms: RBI has imposed penalty of Rs.2 million each on HDFC Bank, Kotak
Mahindra Bank and IDBI Bank for non-compliance with respect to Know Your Customer norms and Anti-Money
Laundering (AML) standards.
• Microfinance Institutions: The RBI has allowed the Small Industries Development Bank of India (SIDBI) to use an
existing Rs.1,000 crore corpus for lending to Microfinance institutions
• GOAL: Going Online as Leaders is the digital skilling program launched by Facebook to empower women.
• Yes Bank: Won the Aegis Graham Bell Award 2018 in 'Innovation in Data Science' category.
• 'Blended Finance Facility': Yes Bank has announced a 'blended finance facility' to rescue salt farmers of Rann of
Kutch.
• Rohit Sharma: The first Indian player to smash 100 sixes in T20 Cricket.
• Statement of Intent: MSDF and NITI Aayog signed a Statement of Intent (SOI) to codify, document and share best
practices to improve learning outcomes in public school education.
• Sanjay Subrahmanyam: The Indian historian won Dan David Prize 2019.
• UAE: Decided to include Hindi as the third official language in courts.
• Undaunted: Saving the Idea of India: Book authored by P Chidambaram.
• Raigarh: Raigarh city of Chhattisgarh topped and won the Swachhata Excellence Awards 2019.
• JP Morgan Chase & Co: Became the First US Bank with Cryptocurrency.
• Nazir Ahmad Wani: The recipient of Ashoka Chakra for year 2019
• Himachal Pradesh: Passed the Official Language (Amendment) Bill 2019 to make Sanskrit the second official
language in the state.
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• Inclusive Internet Index: According to Economist unit India ranked 47 in the Inclusive Internet Index.
ePathshala: NCERT's ePathshala app won the Digital India Award 2019 under the Best Mobile App category
• IRCTC Rail Connect: Indian Railway Catering and Tourism Corporation (IRCTC) Rail Connect mobile app, wins the
National e-Governance Award 2019.
• Environmental Excellence Award: Oil and Natural Gas Corporation (ONGC)'s won the Energy and Environment
Foundation Global Clean Awards-2019 for sustained efforts in pursuit of Swachh Bharat Mission.
• RTGS Dollars: Zimbabwe's central bank discontinued its official currency, quasi-currency bond note officially pegged at
parity with the U.S. dollar and launched a new currency called RTGS dollars, to resolve a long-term monetary crisis.
• Alyssa Healy: Australia's wicketkeeper Alyssa Healy set a new Guinness World Record after achieving the feat for the
'highest catch of a cricket ball' at the Melbourne Cricket Ground.
• EPFO: The Employees' Provident Fund Organisation (EPFO) has hiked interest rate on employees' provident fund (PF)
deposits from 8.55% to 8.65%
• 'Future for Nature Award': Divya Karnad, Ashoka University teacher became the First Indian Woman to be honoured
with the 'Future for Nature Award' for her work on marine conservation.
• I ncrease in Dearness Allowance (DA): DA to central government employees and Dearness Relief to pensioners has
been increased from 9% to 12%.
• ' Micro Bachat': A new micro-insurance plan 'Micro Bachat' was launched by the LIC of India. It provides both
protection and savings and is a regular premium, non-linked, participating endowment micro-insurance plan with coverage
upto 2 lakh.
• Customs Duty: India has boosted the Customs Duty on all the goods imported from Pakistan to 200%.
• Crude Oil: According to Bloomberg, India's crude oil import from Venezuela jumped 66% to 6,20,000 barrels a day.
• Frank Bainimarama: Conferred with 'Sustainable Development Leadership Award 2019' at the World Sustainable
Development Summit (WSDS-2019) in New Delhi.
• Sree Krishna Ayush University: First Ayush University that was inaugurated in Kurukshetra, Haryana.
• I ndia in Distress: The book titled 'India in Distress' has been authored by Mamata Banerjee.
• National Action Plan - Viral Hepatitis: The aim of the
programme is to combat hepatitis and achieve countrywide elimination of Hepatitis C by 2030. Amitabh Bachchan, is the
Goodwill Ambassador for Hepatitis in South-East Asia Region
• Bradley Cooper: Won Best Director From PETA for 'A Star Is Born.
• Digital Tax: Central Board of Direct Taxes (CBDT) has proposed to levy digital tax of 30-40% for tech giants like
Google, FB and Amazon.
• Sweet Revolution: Jharkhand Government launched the first phase of the Rs.100-crore Sweet Revolution Scheme
under which 1,207 farmers will be given Rs 1 lakh for bee keeping.
• Risk and Hardship Allowance: The Ministry of Home Affairs increased the Risk and Hardship Allowance for CAPF
(Central Armed Police Forces) personnel from Rs.9,700 to Rs.17,300 per month for those up to the Inspector rank. For
those above Inspector rank, allowance was increased from Rs.16,900 to Rs.
25,000.
• Kareena Kapoor Khan: The brand ambassador of Swasth Immunised India.
• Largest Bhagavad Gita: PM unveiled the world's largest Bhagavad Gita at ISKCON temple in south Delhi's East of
Kailash, has 670 pages, weighs 800 kg and is 2.8 metre tall and 2 metre wide (when closed).
• Mukesh Ambani: As per Hurun Global Rich List 2019, Reliance Industries' Chairman Mukesh Ambani is the world's
eighth-richest person with a net worth of $54 billion.
• FPI Investment Cap on Corporate Bonds: With a view to encourage more foreign investment RBI withdrew the 20%
limit on investments by FPIs in corporate bonds of an entity.
• Philip Kotler Presidential award: Sh. Narendra Modi, received the first-ever Philip Kotler Presidential award. The
Citation adds: 'Under his leadership, India is now identified as the Centre for Innovation and Value Added Manufacturing
(Make in India), as well as a global hub for professional services such as Information Technology, Accounting and
Finance.'
• Rishabh Pant: Declared ICC's Emerging Player of The Year.
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• Bloomberg 2019 Innovative Index: India ranked at the 54 Position among the world's most innovative countries.
• ' Group Insolvency': U.K. Sinha will head an 11-member working group constituted by the Insolvency and Bankruptcy
board of India (IBBI) to study the concept of 'Group Insolvency' and suggest a suitable framework.
• Flying for all: Theme of the first-ever Global Aviation Summit (GAS-2019).
• Malala Yousafzai: A book titled 'We Are Displaced: My Journey and Stories from Refugee Girls around the World' is
written by Malala Yousafzai.
• Namita Gokhale: Won the Sushila Devi Literature Award for her novel 'Things to Leave Behind'.
• Shri Yohei Sasakawa: Won the Gandhi Peace Prize for the year 2018 for his contribution in Leprosy Eradication in
India and across the world.
• The Laureus Award: Wrestler Vinesh Phogat became the first Indian to be nominated for the prestigious Laureus
World Sports Award.
• HDFC Life Insurance: HDFC Standard Life Insurance has been renamed as HDFC Life Insurance.
• Microsoft: Launched an e-platform under Project ReWeave to help Handloom weavers.
• Max Life Insurance: Max Life Insurance has overtaken Life Insurance Corporation of India to the best track record in
terms of claims settlement as per IRDAI's Annual Report 2017-18. Max Life settled 98.26% of individual death claims
while LIC settled 98.004%.
nd
• 2 Largest Steel Producer: As per the report of World Steel Association, India is the second-largest steel producing
country.
• Padma Bhushan 2019 award: The mountaineer Bachendri Pal was conferred the Padma Bhushan 2019 award.
• ' Nari-Shakti': Oxford Dictionaries Hindi Word of the year for 2018.
• ESAF Small Finance Bank: It has got RBI approval to operate as a scheduled bank.
• Jawaharlal Nehru Port Trust: India's only port to get listed among the top 30 global container ports.
• Unemployment Rate at a 45-Year-High: The country's unemployment rate stood at a 45-year-high of 6.1 per cent in
2017-18, according to the National Sample Survey Office's (NSSO's) periodic labour force survey (PLFS). The report is at
the centre of a controversy after two National Statistical Commission (NSC) members, including acting chairman, resigned
alleging that the government had withheld its release despite the NSC's approval.
• Mithali Raj: Indian captain Mithali Raj has become the first female cricketer to play 200 ODIs.
• Goodwill Ambassador:The Commonwealth of Learning appointed Karthyayani Am as Goodwill Ambassador
• Regional Rural Banks: Three Regional Rural Banks - Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin
Bank has amalgamated into a single RRB(PGB).Uttar Bihar Gramin Bank has been amalgamated with Madhya Bihar
Gramin Bank. Now number of RRBs has come down from 56 to 53.
• 5th largest economy: According to a report by global consultancy firm PwC, India is likely to surpass the United
Kingdom in the world's largest economy rankings in 2019, to become the world's fifth largest economy. The report projects
real GDP growth of 7.6% for India in 2019.
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• Vanessa Ponce De Leon: Crowned as 68 Miss World for the year 2018.
• Yellow Vests Movement: The Yellow Vests Movement erupted in France signifying social mobilisations focusing on
social ills, anti-elite sentiment, growing inequalities and thirst for social justice.
• Rio de Janeiro: The United Nations Educational, Scientific, and Cultural Organization named Rio de Janeiro as the
World Capital of Architecture for 2020.
• G-77: The State of Palestine has launched the historical phase by presiding Group of 77 for 2019.
• ' Roshni': IIT Ropar has launched an android app 'Roshni' to help the blind in recognizing the denomination of the
currency notes, using image processing and analytics.
• Aparna Kumar: Become the India's first woman IPS officer to successfully complete the South Pole expedition.
• Be-Bound: BSNL and French company Be-Bound join hands to provide data connectivity through SMS in areas where
there is no Internet connectivity or signal breaks.
• Bharat Fritz Werner Ltd: Partnered with Universal Robots, to co-create robots for MSME sector.
• Suman Kumari: The first Hindu woman to have been appointed as a civil judge in Pakistan.
• "Aber": The central banks of the UAE and Saudi Arabia have launched a common digital currency called "Aber". It will
be used in financial settlements between the two countries through Blockchains and Distributed Ledgers technologies.
• PMKSNY: A sum of Rs. 75,000 crore has been allocated under the Pradhan Mantri Kisan Samman Nidhi Yojna as per
the union Budget 2019.
• ' Innovation in Data Science' : Aegis Graham Bell Award 2018 declared Yes Bank as the winner in 'Innovation in Data
Science' category for their industry-first project 'Yes EEE (Engage Enrich Excel)'..
• Ayushman Bharat: The world's largest healthcare programme was launched to provide medical care to almost 50 crore
population.
• Vande Bharat Express: Train 18 was renamed as Vande Bharat Express.
• Earn, while you secure: Is the tagline of Gold Monetisation Scheme.
th
• Pravasi Bhartiya Divas: 15 PBD was held in Varanasi with the theme 'Role of Indian Diaspora in Building a New
India'.
• National Youth Parliament: NYP Festival 2019 launched with the theme - 'Be the voice of New India', find solution and
contribute to policy.
• First Railway University: India's First Railway University, National Rail and Transportation Institution is situated in
Vadodara.
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• Global Gender Gap Index: India's rank is 108 on Global Gender Gap Index released by the World Economic Forum.
th
• Competitive Index: India's position on the Global Talent Competitive Index 2019 is 80 .
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• Happiness Index : India Ranked 140 in Happiness Index
rd
• Chief Election Commissioner: Sunil Arora is appointed as 23 Chief Election Commissioner of India
• Chief Prosecutor to South Africa's: Shamila Batohi, is the first female of India to occupy the role of chief prosecutor to
South Africa.
• Global Economic Growth: As per OPEC report Global Economic Growth in 2018 was 3.7 %.
th
• Energy Conservation Day: National Energy Conservation Day is celebrated on 14 Dec
• 1st Indian to win Gold at BWF: PV Sindhu become first Indian to win Gold at World Tour Finals by defeating world
number five Nozomi Okuhara.
• Priyanka Chopra: Priyanka Chopra has been named in Forbes' World's 100 Most Powerful Women list 2018.
• Parliamentarian Award: Smt. Kanimozhi is awarded with the best woman Parliamentarian Award.
• National Green Tribunal: Justice Adarsh Kumar Goel is appointed as the Chairperson of National Green Tribunal.
• Blue Economy Conference: The first ever sustainable blue economy conference 2018 was held in Nairobi with the
theme "The blue economy and the 2030 agenda for sustainable development".
• I TF World Champions: Novak Djokovic and Simona Halep named as 2018 ITF world champions.
th
• 7 Largest Stock Market: India's stock market overtakes Germany to become7th largest in the world.
• 'National Energy Conservation awards 2018': Indian Railways bagged 17 awards at the 'National Energy
Conservation awards 2018'.
• CCI: Ashok Kumar Gupta is appointed as the Chairperson of Competition Commission of India.
• CCB Norms: The Reserve Bank's move to extend the deadline for meeting the Capital Conservation Buffer norms by
one year would help increase lending capacity of banks by over Rs.3.5 lakh crore.
• Moody's: According to Moody's GDP in India will grow at 7.2% in the year ending March 2019.
• World Intellectual Property Organisation: According to the UN's World Intellectual Property Organisation the patents
granted by India increased from 8,248 in 2016 to 12,387 (shot up by 50%) in 2017.
• Liquified Natural Gas: Australia with 6.55 million tonne has become the world's leading exporter of Liquified Natural
Gas for the first time compared to Qatar's 6.27 million tonnes.
• Climate Change Performance Index: Sweden tops in the Climate Change Performance Index.
• Umbrella University: Uttar Pradesh will establish Umbrella University named after former PM late Atal Bihari Vajpayee.
• "Floating" Nuclear Power Plant: World's first "floating" nuclear power plant was opened in Russia.
• SAUBHAGYA: 9 States have achieved complete household electrification under the PM Sahaj Bijli Har Ghar Yojana
(SAUBHAGYA) scheme.
• 40 branch licenses: RBI grants 40 branch licenses to Bandhan bank.
• Limca Book of Records: Delhi police has entered the Limca Book of Records for training 2,08,125 women and girls in
989 self-defence programme in 2017.
• BBB: Banks Board Bureau chairman B P Sharma will be the head of the 7-member panel constituted by the
government to select managing directors of public sector insurance companies.
• Ayushman Bharat: West Bengal has emerged as the largest beneficiary of Ayushman Bharat scheme, till November
2018.
• Anne Rigail: The first woman CEO of the French unit of Air France-KLM Group
• Nepal Ban Indian Currency: The government of Nepal bans the Indian currency notes above Rs 100.
• Transforming India: The 3rd Edition of the Women Transforming India Awards 2018 was organised by NITI Aayog.
• "One City-One Operator scheme": This scheme is related to department of Sewage Treatment Plants.
• UAVs: India's first private Unmanned Aerial Vehicles has recently opened at Adani Aerospace Park near Shamshabad
in Hyderabad.
• Railway University: India's first Railway University is established in Vadodara.
th
• Gender Gap Index 2018: India has been ranked 108 in World Economic Forum (WEF) Gender Gap Index 2018.
• Jaipur Wax Museum: A statue of former Indian captain MS Dhoni has been unveiled at Jaipur Wax Museum.
• IDFC First Bank: IDFC Bank and Non-Banking Financial Company Capital First merger to create IDFC First Bank.
• 'GAFA Tax': France will introduce its own tax on large internet and technology companies from 1 January 2019. The
name of the tax is 'GAFA tax' which was named after Google, Apple, Facebook, and Amazon.
• CVO of SEBI: Arti Chhabra Srivastava is appointed as the first full-time Chief Vigilance Officer of SEBI for an initial
period of 3 years.
• "Changing India": A book named "Changing India" has been authored by Manmohan Singh.
• 'Strategy for New India @75': Arbitration Council of India is set up as an autonomous body that has been
recommended by NITI Aayog's 'Strategy for New India @75'.
th
• Apollo 8: Apollo 8 is the first flight to moon that marked its 50 anniversary is.
• KALIA: Odisha announced a Rs10,000 crore scheme for the overall development of farmers named Krushak
Assistance for Livelihood and Income Augmentation.
• Public Credit Registry: The Reserve Bank of India has shortlisted six IT companies, to set up a wide-based digital
Public Credit Registry (PCR) for capturing details of all borrowers and wilful defaulters.
• AAUY: Uttarkhand launched an AAYU scheme, where the each household in the state will be able to avail medical
treatment of up to 5 lakh rupees annually.
• ICC Cricket Hall of Fame: Ricky Poanting was formally inducted into the ICC Cricket Hall of Fame.
• 'Tansen Samman': Manju Mehta has been conferred with the 'Tansen Samman' for 2018.
• I CICI: As per the RBI data, ICICI bank topped in the List of Banks Penalising Staff for Fraud in 2015-2017.
• Seventh Phase of Electoral Bonds: State bank of India will issue the Seventh Phase of Electoral Bonds to Sale from 1
Jan.
• "Early Indians": The book titled "Early Indians: The Story of Our Ancestors and Where We Came From" was written by
Tony Joseph.
• 'Bancassurance': A 'Bancassurance' pact was signed between Allahabad Bank and SBI Life Insurance to sell the
Solicies of the insurer. 'eATM: eATM a instant fund credit feature to get cash within 30 minutes is launched by ICICI
Securities.
• GST calculator: World's first GST calculator was launched by Casio India.
• India win eighth consecutive ODI Series against- West Indies
• First Indian to win Asian Snooker Tour Title- Pankaj Advani
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• India's rank in Global Passport Index- 66
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• World Bank Ease of Doing Business Index-India Ranked 77
• Rank of India in global RTI rating is - Sixth
• Malala Yousafzai to be honoured by Harvard University- The 2018 Gleitsman Award.
• 'Clean Air Week' was organized from November 1-5, 2018 to control air pollution in- Delhi.
• Jharsuguda Airport, renamed as- "Veer Surendra Sai Airport, Jharsuguda".
• Which city tops the index for the most congested city, according to a recent research published under the US-based
organization, National Bureau of Economic Research (NBER)-Bangalore.
• India's 1st engineless train is- 'Train 18'
• Indian wrestler Bajrang Punia touched the number one rank in the world in which category-65kg.
• UN Investment Promotion Award is won by - Invest India
• World's first sovereign Blue Bond is launched by - Seychelles
• 182 mtr Statute of Unity is designed by- Ram Vanji Sutar.
• Government reduces excise duty on jet fuel to ______ % from
• current 14% with from October. - 11%
rd
• India's Rank in the 2018 Global Hunger Index is- 103
th
• Union Bank of India on 11 Nov 2018 celebrated its Foundation Day in Mumbai -100th.
• The state that has launched GPS mapping of government school and personnel location system is- Nagaland.
• India overtook US as the second largest smart phone market after: China.
• Ministry of women and child development has launched the online portal to promote women farmers and entrepreneurs
called: Mahila-E-Haat
• The Executive Committee (EC) of the National Mission for Clean Ganga approved 12 projects worth Rs 929 crore under
-The Namami Gange programme.
• IIT-Madras have designed and booted up India's first indigenously developed - Microprocessor.
• South Korean first lady who will be the Chief Guest at the Deepotsav event being organised by the Uttar Pradesh
government - Kim Jung-sook.
• The 19th meeting of Financial Stability and Development Council (FSDC) was held in - New Delhi
• NDMC launches QR-enabled fridge magnets for - Digital payment of bills.
• India's first asymmetrical cable-stayed bridge "Signature Bridge" has recently inaugurated in - New Delhi.
• Andhra Pradesh is building a world-class and India's first 'Justice City' within - Amaravati.
• The brand ambassador of the upcoming 10th edition of the International Boxing Association (AIBA) Women World
Championship is - Mary Kom
• Who is appointed as Chairman of Union Public Service Commission- Shri Arvind Saxena
• Former India captain who was officially inducted into International Cricket Council's (ICC) Hall of Fame - Rahul Dravid
• Dharma Guardian-2018: First India-Japan military exercise begins in - Vairengte, Mizoram.
• 23rd edition of the World Corporate Games 2019 is hosted by - Qatar
• Green Climate Fund approves $1 billion to assist poor countries to tackle - Climate Change
• World's 2nd most underinsured country is - India
• Nishtha Dudeja won the Miss Deaf Asia 2018 is belongs to -Haryana.
• World Agriculture Prize is awarded by - M.S. Swaminathan
• Minting of which denomination coin is cut by half due to nonavailability of raw material - Rs 10 coins.
• New chairman of Association of Mutual Funds in India (AMFI) -Nimesh Shah
• North Central Railways launches two mobile apps - NCR RASTA and Yatri RASTA
• Who has been appointed as the Chairperson of Competition Commission of India (CCI) - Ashok Kumar Gupta.
• Who has been appointed as the Chief Representative of the Bank for International Settlements (BIS) for Asia and the
Pacific-Siddharth Tiwari.
• The world's first artificial intelligence (AI) news anchor debuts in-China.
• Indian mountaineer has become the first Indian to climb Mt Giluwe- Satyarup Siddhanta.
• Who sets record, to becomes first cricketer in history to score 4 T20 hundreds- Rohit Sharma
• Lucknow's Ekana International Cricket Stadium will be known as-'Bharat Ratan Shri Atal Bihari Vajpayee Ekana
Cricket Stadium'.
• Who appointed as Associate Director by Payment Card Security Standards Council - Nitin Bhatnagar.
• Faizabad district will be renamed as - Ayodhya.
• Which state government revealed its State Emblem inspired by Amaravati art- Andhra Government
• Indo-US joint military exercise 'Vajra Prahar' begin in - Jaipur
• Which is the first State to launch single emergency number '112' under ERSS- Himachal Pradesh
• Lupin announced the launch of a chatbot named ....................
• designed to provide medically verified information for health-related queries- 'ANYA'
• Under which scheme does the Odisha State government provide free smartphones to the 6 lakh women self-help
groups in the State- .Mission Shakti programme
• Portal for Affordable Credit and Interest Subvention Access (PAISA) is a centralised electronic platform for processing
interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Yojana - National Urban Livelihoods
Mission (DAY-NULM). 'Paisa' is a web platform designed and developed by Allahabad Bank.
• India's latest communication satellite GSAT-29 was injected into a geosynchronous orbit by ISRO's heavy-lift rocket
GSLV-MKIII-D2 16 minutes from Satish Dhawan space centre at Sriharikota in -Andhra Pradesh.
• The State Bank of India has reported a standalone net profit of Rs 945 crore for the April-September period, on the back
of one-time gain and lower provision for bad loans.
• The profit is 40% lower when compared with the profit of Rs 1,581.55 crore in the corresponding period a year ago.
• The government has approved ______________ percent stake sale in state-owned airline Air India's ground handling
company Air India Air Transport Services Limited (AIATSL). -100%
The government has launched a unique initiative called : to introduce school students to 22 Indian languages. - Bhasha
Sangam.
• The theme of the 38th India International Trade Fair (IITF)
is ____ . Rural Enterprises in India
• GITA GOPINATH: Appointed as the chief economist of the International Monetary Fund (IMF), becoming only the
second Indian after Raghuram Rajan to hold the prestigious post. ♦SUNIL MEHTA: Sunil Mehta serving as the MD & CEO
• of Punjab National Bank has take over as Chairman of Indian Bank Association.
• ♦ATUL KUMAR GOEL: Atul Kumar Goel assumed charge as Managing Director and CEO of UCO Bank by replacing R
K Takkar. Earlier, Goel was executive director of Union Bank of India.
• ♦SANDEEP BAKHSHI: The Reserve Bank of India has approved the appointment of Sandeep Bakhshi as the MD &
CEO of ICICI Bank for three years. The approval is against a five-year term sought by ICICI. The appointment is on
account of resignation of Chanda Kochhar.
• RAKESH SHARMA: The Govt. has appointed Rakesh Sharma, former Canara Bank MD, as head of IDBI Bank.
♦"MAIN NAHIN HUM": PM Modi launched the "Main Nahin Hum" Portal and app. The theme "Self for Society" will enable
IT professionals and organizations to bring together their efforts towards social causes, and service to society, on one
platform. ♦CASH VAULTS AND ATM FRAUDS: To reduce attacks on cash vaults and ATM frauds, the Home Ministry
has issued a directive stating that no ATM will be refilled with cash after 9 pm in cities, 6 pm in rural areas and 4 pm in
Naxal affected areas from February 8, 2019. Further, every cash van will carry not more than Rs.5 crore per trip.
• DBS BANK: DBS Bank is the first Asian bank named as World's Best Bank in nod to Its Digital Innovation. DBS
branches and offices in China, Dubai, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, Myanmar, Philippines,
Taiwan, Thailand, Vietnam, United Kingdom and The United States. ♦ARGENTINA'S ECONOMIC CRISIS: Due to
economic crisis, Argentina's central bank raised its benchmark interest by 15 percentage points to 60%, the highest in the
world. The Argentine peso is down 50% this year against the dollar and the country's inflation is running at over 30%.
• BANKS TO PROVIDE PARTIAL CREDIT ENHANCEMENT: The Reserve Bank of India permitted banks to provide
Partial Credit Enhancement (PCE), or a partial guarantee, to bonds issued by systematically important Non-Banking
Financial Companies and Housing Finance Companies (HFC). The move is to enhance their liquidity position. It also said
that the bonds backed by PCE from banks should only be utilised for refinancing the existing debt of the NBFC-ND-
SIs/HFCs. Banks should introduce appropriate mechanisms to ensure that the end-use condition is met. The exposure of
a bank by way of PCEs to bonds issued by each such NBFC-ND-SI/HFC shall be restricted to 1% of capital funds of the
bank within the extent single/group borrower exposure limits. ♦JOIN VENTURE BETWEEN SBI AND HITACHI:
• State Bank of India and payments solution provider Hitachi Payment Services India entered into an agreement to form a
joint venture for establishing a card acceptance and digital payment platform. According to the joint venture, Hitachi will
pick up 26 percent stake in SBI Payment Services, a wholly-owned subsidiary of SBI. The JV will have various payment
options to customers and merchants.
• ♦'IDFC FIRST BANK LTD': IDFC Bank has proposed to change its name to 'IDFC First Bank Ltd' in the wake of its
amalgamation with the non-banking financial company Capital First.
• ♦WEAK PROFITABILTY OF INDIAN BANKS: Moody's Investors Service in its report stated that the profitability of
Indian banks is "distinctively weak" compared to the other BRICS nations. In India, the system-wide asset quality is weak
due to stressed public sector banks, which dominate the sector. Indian banks have a tangible common equity ratio of 8.7
percent at the end of 2017. It is unprofitable and has a negative ROA due to high credit costs at dominant state-owned
banks.
• ♦WEALTH CLUB: State Bank of India is the first bank to introduce wealth business services for its customers.
♦GLOBAL SILK PARK: Asian Development Bank and the Government of India signed a $150 million Loan Agreement in
New Delhi to establish a Global Skills Park (GSP) in Madhya Pradesh, the First Multi-Skills Park in India, to enhance the
quality of Technical and Vocational Education and Training (TVET) System in the State and create a more skilled
workforce. ♦SBI REDUCES WITHDRWAL LIMIT: State Bank of India slashed the daily withdrawal limit on its classic debit
card from Rs 40,000 to Rs 20,000. There is no change in the daily withdrawal limits on other cards. The new limit will be
st
effective from October 31 2018.
• UBI QUIT DIAMOND HUB: Union Bank of India has decided to quit the Antwerp diamond hub in Belgium as the branch
did not generate expected business.
• INDIA'S 1ST CRYPTOCURRENCY ATM: An ATM for deposit and withdrawal of money for cryptocurrencies has been
installed in Bengaluru's Kemp Fort Mall by virtual currency exchange Unocoin.
• ♦'KHUSHI': PNB Metlife has unveiled an Artificial Intelligence powered customer service app 'Khushi'. The app is
designed to be a one-stop shop providing insurance-related information, anytime, anywhere.
• ♦SATAT: Union Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship launched an
innovative initiative titled SATAT (Sustainable Alternative Towards Affordable Transportation).
• ♦'Ask Disha': IRCTC has launched a new AI-based assistant, 'Ask Disha' for its website. This new assistant will be
prompt in answering generic queries about most frequently asked questions on the ticket booking platform.
• ♦CCEA INCREASED THE MINIMUM SUPPORT PRICE:
• CCEA increased the Minimum Support Price (MSP) for all Rabi crops for the current financial year which will be
marketed in 2019-20 season. The MSP of wheat raised by 105 rupees per quintal, Masur by 225 per quintal, and Gram by
220 per quintal.
• PAYTM LAUNCHED A QR-BASED SMARTPHONE PAYMENT: Paytm launched a QR-based smartphone payment
settlement service in Japan in collaboration with SoftBank and Yahoo Japan Corporation.
• 'UDYAM ABHILASHA' : Small Industries Development Bank of India (SIDBI), had launched a National Level
Entrepreneurship Awareness Campaign, Udyam Abhilasha in 115 Aspirational Districts identified by NITI Aayog in 28
States and reaching to around 15,000 youth.
• INDIA RANKED 115TH IN HCI: World Bank released the Human Capital Index as part of the World Development Report
th
2019. HCI has been constructed for 157 countries. Singapore topped the poll. India was ranked at the 115 .
th
• INDIA RANKED 9TH IN NATIONAL BRANDS: India got 9 rank out of top 50 valuable national brands, as per the
report titled 'Nation Brands 2018' released by Brand Finance. US topped the list.
• Provision of Adultery in the Indian Penal Code: A five-judge Constitution Bench led by Chief Justice Dipak Misra
scrapped the pre-Independence provision of adultery in the Indian Penal Code (IPC), which treats a married woman as a
commodity owned by her husband. Section 497 (adultery) gives a husband the exclusive right to prosecute his wife's
lover. If found guilty, the adulterer faces five years behind bars.
• Decriminalised Homosexuality: The Supreme Court abolished Section 377 of the Indian Penal Code (IPC), the 1862
law which criminalised homosexuality. The Delhi High Court had decriminalised homosexuality in 2009, but the decision
was overturned by the Supreme Court in 2013. As per Section 377, consensual sexual acts are also considered unnatural
& are punishable.
• Times Higher Education's: In Times Higher Education's (THE) world university rankings 2019, the Indian Institute of
Science, Bengaluru, has retained its position as the highest-ranked centre in the country and was placed in251-300
groupins. Oxford continues to hold the first place.
• UNWTO: As per the data from UN's tourism organisation, a total of 1,323 million international tourist arrivals recorded in
destinations around the world. As per UN World Tourism Organisation (UNWTO), positive results in South Asia were
largely driven by the strong performance of India, the sub region's largest destination.
• Meryl Streep Award for Excellence: Actress AishwaryaRai was honoured with the Meryl Streep Award for Excellence
at the Women in Film & Television (WIFT) India Award.
• Misra Dhrupad: Odia poet Satrughna Pandav will be honoured with the 'SaralaPuraskar' for his poetry collection 'Misra
Dhrupad'.
• MILEX-18: BIMSTEC Military Exercise (MILEX-18), the first edition of Military Field Training Exercise for the Bay of
Bengal Initiative for Multi-Sectoral Technical & Economic Cooperation nations, held at Aundh in Pune.
• Tejas: The first ever mid-air refuelling of the indigenously developed light combat aircraft Tejas successfully carried out,
placing India in an elite group of countries having air-to-air refuelling capacity for military planes.
• IOWave18: India along with 23 other nations participated in a major Indian ocean-wide tsunami mock drill. The
exercise, known as 'IOWave18', is being organised by the Intergovernmental Oceanographic Commission (IOC) of
UNESCO.
• Parakram Parv: Prime Minister inaugurated Parakram Parv exhibition at the military station in Jodhpur to mark the
second anniversary of the surgical strikes carried out by the Indian Army across the LoC. .
• Prahar: DRDO successfully flight tested the indigenously developed surface-to-surface tactical missile 'Prahar', from
Launch Complex-III, ITR, Balasore, Odisha.
• 'E-Sahaj': Union Home Secretary Rajiv Gauba launched an online 'e-Sahaj' portal for grant of Security Clearance. It will
facilitate an applicant to submit application online & also to view the status of his application from time to time.
• NDSO:Home Minister Raj Nath Singh launched India's first ever online and centralized National Database On Sexual
Offenders(NDSO),in new delhi. Now, India will be the ninth country in the world to maintain such database.
• 'Smart Fence': India's first 'smart fence' pilot project was inaugurated by Union Home Minister Rajnath Singh along the
Indo-Pak border at the BSF Headquarters in Ploura, Jammu.
• Approval for electrification of Indain Railways:The Union cabinet approved a proposal for the complete electrification
of Indian Railways by 2021-22, reducing dependence on imported fossil fuel & saving revenue for the national carrier.
• State to offer Wage Compensation: Assam Government has become the first Indian state to offer a Wage
Compensation of Rs 12,000 for pregnant women working in the tea gardens of the state.
• SATAT: Mr. Dharmendra Pradhan, Union Minister of Petroleum & Natural Gas & Skill Development & Entrepreneurship
launched an innovative initiative titled SATAT (Sustainable Alternative Towards Affordable Transportation). It would benefit
both vehicle-users as well as farmers & entrepreneurs.
• AYUSH Information Cell: Ministry of AYUSH has set up an AYUSH Information Cell at the premises of the Indian
Embassy in Romania to disseminate authentic information about AYUSH system of medicine & encourage Ayurveda
practice in Romania.
• 'Rail Heritage Digitisation Project': Union Railway Minister PiyushGoyal launched the 'Rail Heritage Digitisation
Project' of Indian Railways in collaboration with Google Arts & Culture Association. It aims to showcase India's rail heritage
to the national & international audience in an online story-telling platform.
• Incredible India: Union Minister for Tourism (IC), Mr. K.J. Alphons launched the 'Incredible India Mobile App' & the
"Incredible India Tourist Facilitators Certification" programme. India will be the host country for official World Tourism Day
celebrations , in 2019.
• WAYU: Dr Harsh Vardhan inaugurated air pollution control device WAYU (Wind Augmentation PurifYing Unit) for traffic
junctions at ITO intersection &Mukarba Chowk in Delhi.
• IkeeRikako: Japanese swimmer IkeeRikako has been named as the Most Valuable Player (MVP) of the recently-
concluded 18th edition of the Asian Games. The 18-year-old, who bagged six gold & two silver medals in the tournament,
became the first female athlete to win the MVP title.
• World's first moving, robot: Japan Aerospace Exploration Agency (JAXA) landed a pair of rovers on an asteroid,
marking the world's first moving, robotic observation of an asteroid surface.
• ICESat-2: NASA launched its Ice, Cloud & Land Elevation Satellite-2, known as ICESat-2, which will use an extremely
precise laser to collect measurement data to track the Earth's shrinking polar ice from Vandenberg Air Force Base in
California.
• PSLV C 42: Indian Space Research Organisation (ISRO) successfully launched PSLV C 42 with two British earth
observation satellites NovaSAR& S1-4 in precision from the SathishDhawan Space Centre Sriharikota, Andhra Pradesh.
• "Apsara-u pg raded",: Nearly sixty-two years after Apsara(research reactor) came into existence, a swimming pool
type research reactor "Apsara-upgraded", of higher capacity was launched at Trombay (Bhabha Atomic Research Centre).
• Loo Review campaign: Ministry of Housing & Urban Affairs, under the aegis of Swachh Bharat Mission - Urban (SBM -
U), partnered with Google to launch the Loo Review campaign to encourage all local guides in India to rate & review public
toilets on Google Maps.
• International Ayurveda Congress: Minister of State for AYUSH ShripadYessoNaik inaugurated the Fourth
International Ayurveda Congress (IAvC) at the Netherlands. It would focus on promotion & propagation of Ayurveda in the
Netherlands & its neighbouring countries of Europe
TH
• 'Navlekha': GOOGLE ANNOUNCED PROJECT NAVLEKHA AT ITS 4 EDITION OF GOOGLE FOR INDIA EVENT HELD IN NEW DELHI.
PROJECT NAVLEKHA HAS BEEN LAUNCHED TO ENABLE INDIAN PUBLISHERS OF REGIONAL LANGUAGES TO PUBLISH THEIR CONTENT
ONLINE, WITHOUT FACING THE TROUBLE OF SELLING PRINTED COPIES.
• 'Android 9 Pie': GOOGLE'S LATEST ANDROID OPERATING SYSTEM UPDATE, ANDROID 9 PIE, WAS OFFICIALLY RELEASED TO
CUSTOMERS FOLLOWING A BETA TESTING PERIOD THAT STARTED EARLIER THIS YEAR.
• 'Cameos': GOOGLE LAUNCHED A NEW VIDEO-BASED Q&A APP CALLED 'CAMEOS' ON THE APP STORE, WHICH ALLOWS PEOPLE TO
ANSWER QUESTIONS ABOUT THEMSELVES, THEN SHARE THOSE ANSWERS DIRECTLY ON GOOGLE.
• 'WINGS': BHARAT SANCHAR NIGAM LTD LAUNCHED BSNL WINGS A VOIP BASED SERVICE. IN WINGS, THERE IS NO SIM OR
CABLE WIRING AS IS A VOIP SERVICE THROUGH AN APP. THE WINGS SERVICE OFFERS UNLIMITED FREE AUDIO/VIDEO CALLING FOR
ONE YEAR.
• 'Atal Nagar': IN A TRIBUTE TO THE LATE FORMER PRIME MINISTER ATAL BIHARI VAJPAYEE, THE CHHATTISGARH CABINET APPROVED
THE PROPOSAL TO RENAME NAYA RAIPUR AS 'ATAL NAGAR'. THE BILASPUR UNIVERSITY WILL BE KNOWN AS ATAL BIHARI VAJPAYEE
UNIVERSITY WHILE THE NARROW -GAUGE LINE WILL BE CALLED ATAL PATH.
TH
• 'Biosphere Reserve': THE KHANGCHENDZONGA BIOSPHERE RESERVE (IN SIKKIM) HAS BECOME THE 11 BIOSPHERE RESERVE
FROM INDIA THAT HAS BEEN INCLUDED IN THE UNESCO DESIGNATED W ORLD NETWORK OF BIOSPHERE RESERVES (WNBR).
• 'NOTA': THE SUPREME COURT HAS RULED THAT THE 'NONE OF THE ABOVE' (NOTA) OPTION WILL NOT BE APPLICABLE FOR VOTING
IN THE RAJYA SABHA ELECTIONS.
• 'Santhali': SANTHALI (SANTALI), A TRIBAL LANGUAGE PRIMARILY SPOKEN IN INDIA, BANGLADESH AND NEPAL, RECEIVED GLOBAL
RECOGNITION WHEN IT GOT A W IKIPEDIA EDITION IN ITS OWN SCRIPT .
• 'Pitch to MOVE': NITI AAYOG HAS LAUNCHED "PITCH TO MOVE" -A MOBILITY PITCH COMPETITION THAT AIMS TO PROVIDE BUDDING
ENTREPRENEURS OF INDIA A UNIQUE OPPORTUNITY TO PITCH THEIR BUSINESS IDEAS TO A DISTINGUISHED JURY.
• 'Digital Screens': MINISTRY OF RAILWAY HAS MADE 'DIGITAL SCREENS' OPERATIONAL AT 22 STATIONS ON THE INDEPENDENCE DAY
AS AN INNOVATIVE LOW -COST SOLUTION TO SPREAD AWARENESS AMONG PUBLIC ABOUT THE OPULENT HERITAGE OF INDIAN RAILWAYS.
• Deen Dayal Upadhyaya Junction Railway station: THE ICONIC MUGHALSARAI RAILWAY JUNCTION IN UTTAR PRADESH HAS
BEEN RENAMED AS DEEN DAYAL UPADHYAYA JUNCTION RAILWAY STATION.
• Thermal Battery Plant: THE WORLD'S FIRST-EVER THERMAL BATTERY PLANT WAS UNVEILED IN ANDHRA PRADESH BY THE STATE'S
CHIEF MINISTER. IT IS MANUFACTURED BY THE BHARAT ENERGY STORAGE TECHNOLOGY PRIVATE LIMITED (BEST).
• 'SWAT': DELHI POLICE INDUCTED AN ALL-WOMAN SPECIAL W EAPONS AND TACTICS (SWAT) TEAM, CONSISTING OF 36
COMMANDOS - THE FIRST EVER BY ANY POLICE FORCE IN INDIA FOR ANTI-TERRORIST OPERATIONS.
• 'Jan Aarogya Abhiyan': W ITH AN AIM TO PROVIDE COUNTRY'S POOR ACCESS TO QUALITY AND AFFORDABLE HEALTHCARE,
GOVERNMENT ANNOUNCED THE LAUNCH OF AYUSHMAN BHARAT (NOW JAN AAROGYA ABHIYAN) COVERING 50 CRORE PEOPLE. NEARLY
10 CRORE FAMILIES WILL GET HEALTH COVER WORTH RS 5 LAKH EACH YEAR UNDER THE SCHEME
• 'ARRIA': TO PROMOTE A CULTURE OF INNOVATION AND RESEARCH IN HIGHER EDUCATION, HRD MINISTRY LAUNCHED THE ATAL
RANKING OF INSTITUTIONS ON INNOVATION ACHIEVEMENTS (ARRIA). NAMED AFTER FORMER PRIME MINISTER ATALBIHARI VAJPAYEE,
THE ARRIA WILL RANK EDUCATIONAL INSTITUTIONS FOR INNOVATION OUTPUT BASED ON ALL MAJOR INDICATORS AND PARAMETERS
USED GLOBALLY.
• 'UMANG': RECOGNIZING THE IMPORTANCE OF REACHING OUT TO THE CONSUMERS AND TO SAFEGUARD THEIR INTERESTS, TELECOM
REGULATORY AUTHORITY OF INDIA HAS NOW INTEGRATED ITS MOBILE APPS NAMELY DND 2.0 & MYCALL WITH UMANG (UNIFIED
MOBILE APPLICATION FOR NEW -AGE GOVERNANCE) PLATFORM. UMANG HAS BEEN DEVELOPED BY NATIONAL E-GOVERNANCE
DIVISION (NEGD).
• 'SWAYAM': MINISTRY OF HRD HAS EMBARKED ON A MAJOR AND NEW INITIATIVE PROJECT CALLED 'STUDY W EBS OF ACTIVE
LEARNING FOR YOUNG ASPIRING MINDS' (SWAYAM), WHICH WILL PROVIDE ONE INTEGRATED PLATFORM AND PORTAL FOR ONLINE
COURSES. THIS COVERS ALL HIGHER EDUCATION SUBJECTS AND SKILL SECTOR COURSES.
• Women's Hockey World Cup 2018: IN W OMEN'S HOCKEY W ORLD CUP 2018, THE NETHERLANDS HAS BEEN CROWNED THE
TH
WORLD CHAMPIONS FOR A RECORD EIGHTH TIME. INDIA FINISHED THE TOURNAMENT AT THE 8 SPOT.
• 'HELINA': INDIA SUCCESSFULLY FLIGHT TESTED THE INDIGENOUSLY DEVELOPED HELICOPTER LAUNCHED ANTI-TANK GUIDED
MISSILE 'HELINA' FROM POKHRAN IN RAJASTHAN.
• Rajiv Gandhi National Sadbhavana Award: GOPALKRISHNA GANDHI HAS BEEN CHOSEN FOR THE 24 RAJIV GANDHI NATIONAL
SADBHAVANA AWARD FOR HIS CONTRIBUTION IN PROMOTING COMMUNAL HARMONY, PEACE AND GOODWILL. GOPALKRISHNA GANDHI IS
A FORMER GOVERNOR OF W EST BENGAL.
• Legion of Merit: UNITED STATES GOVERNMENT HAS AWARDED THE LEGION OF MERIT (DEGREE OF COMMANDER) TO GENERAL
DALBIR SINGH SUHAG RETIRED), OF THE INDIAN ARMY, FOR EXCEPTIONALLY MERITORIOUS SERVICE AS CHIEF OF THE ARMY STAFF,
INDIAN ARMY.
• Gaganyaan: INDIA'S FIRST INDIAN HUMAN MISSION WILL BE LAUNCHED BY INDIAN SPACE RESEARCH ORGANISATION (ISRO) BY
2022. THE PROGRAMME WILL MAKE INDIA THE FOURTH NATION IN THE WORLD TO LAUNCH A HUMAN SPACEFLIGHT MISSION, AFTER
USA, RUSSIA AND CHINA.
• 'Aeolus': A NEW EUROPEAN SATELLITE NAMED 'AEOLUS' USING ADVANCED LASER TECHNOLOGY TO TRACK GLOBAL WINDS AND
IMPROVE WEATHER FORECASTS HAS BEEN SUCCESSFULLY PUT INTO ORBIT ON A VEGA ROCKET FROM FRENCH GUYANA.
• 'Chandrayaan-2': INDIA WILL LAUNCH ITS SECOND LUNAR MISSION "CHANDRAYAAN-2" ON JANUARY 3, 2019, TO LAND ON THE
MOON WITH A LANDER AND ROVER. THE 3,890-KG CHANDRAYAAN-2, WHICH WILL BE LAUNCHED ONBOARD THE GEOSYNCHRONOUS
SATELLITE LAUNCH VEHICLE MK-3, WILL ORBIT AROUND THE MOON.
• 'Parker Solar Probe': NATIONAL AERONAUTICS AND SPACE ADMINISTRATION (NASA) BLASTED OFF A $1.5 BILLION SPACECRAFT
TOWARD THE SUN ON A HISTORIC MISSION TO PROTECT THE EARTH BY UNVEILING THE MYSTERIES OF DANGEROUS SOLAR STORMS.
NASA'S 'PARKER SOLAR PROBE' HAS BECOME THE FIRST-EVER MISSION TO TOUCH THE SUN.
• 'Atal Ji Ne Kaha': 'ATAL JI NE KAHA' IS THE LATEST BOOK ON FORMER PRIME MINISTER ATAL BIHARI VAJPAYEE WHICH IS
AUTHORED AND COMPILED BY BRIJENDRA REHI.
• 'No Spin': SPIN LEGEND SHANE WARNE WILL BE SHARING HIS EXTRAORDINARY CRICKETING CAREER AND HIS LIFE OFF THE PITCH
BESIDES UNVEILING SEVERAL UNKNOWN FACTS IN HIS AUTOBIOGRAPHY TITLED 'NO SPIN' WHICH WILL BE PUBLISHED IN OCTOBER 2018.
'281 AND BEYOND': VETERAN CRICKETER VVS LAXMAN, HAS PENNED DOWN HIS AUTOBIOGRAPHY TITLED, "281 AND BEYOND".
• New Organ Donation Plan: THE UK GOVERNMENT HAS ANNOUNCED A NEW ORGAN DONATION PLAN TO ADDRESS THE URGENT
NEED FOR ORGANS WITHIN THE BLACK, ASIAN AND INDIAN-ORIGIN COMMUNITIES IN THE COUNTRY. UNDER THE NEW SYSTEM OF
CONSENT FOR ORGAN AND TISSUE DONATION, THOSE WHO DO NOT WANT TO DONATE THEIR ORGANS WILL BE ABLE TO RECORD THEIR
DECISION ON THE ORGAN DONOR REGISTER (ODR).
• 'IMPRINT-2' SCHEME: THE UNION GOVERNMENT HAS APPROVED 122 NEW RESEARCH PROJECT PROPOSALS WORTH RS 112
CRORE FOR FUNDING UNDER ITS IMPACTING RESEARCH INNOVATION AND TECHNOLOGY 'IMPRINT-2' SCHEME. OF THE SELECTED 122
NEW PROJECTS, 81 ARE SPONSORED BY THE INDUSTRY.
'MISSION SATYANISHTHA': THE INDIAN RAILWAYS LAUNCHED 'MISSION SATYANISHTHA' AND A PROGRAMME ON ETHICS IN PUBLIC
GOVERNANCE, IN A FIRST-OF-ITS-KIND EVENT AT NATIONAL RAIL MUSEUM IN NEW DELHI. THE MISSION AIMS TO SENSITISE ALL RAILWAY
EMPLOYEES ABOUT THE NEED TO ADHERE TO GOOD ETHICS AND TO MAINTAIN HIGH STANDARDS OF INTEGRITY AT WORK
RECOLLECTED QUESTIONS
1. What is the extent of imprisonment and monetary penalty for paying Interest and principal of Rs. 20,000/- and above in
cash in case of FDR: Penalty equal to the amount so paid. No imprisonment.
2. What is the maximum punishment when a cheque is dishonored due to the reason 'insufficient funds under regular
proceedings: Upto 2 years imprisonment and/or fine upto twice the amount of cheque.
3. Cash Transaction Report of cash transactions of above Rs._______ is to be submitted to FIU-ND on monthly cash
basis by __ of the following month: Rs 10 lac; 15th
4. Why Banks are charging interest on monthly basis: To make it compatible with NPA norms.
5. Financial Director Dies - Cheque signed by him presented for payment: Can be paid.
6. A person returning from abroad can retain foreign currency upto what period: 180 days.
7. Normal Transit Period for all bills in foreign currency is : 25 days
8. What is the maximum period of Export proceeds realization in normal case: 9 months.
9. Maximum period up to which Exporter is provided advance against Post Shipment Duty Drawback scheme: 90 days.
10. An L/C states that shipment can be done on or about 31 March. What does it means: It can be done during the
period of plus / minus 5 calendar days, both start and end dates included.
11. Risk weight in Personal loans / Capital Market exposures: 125%
12. What will the impact when RBI increases Bank Rate : The cost of credit will increase and banks will reduce its
borrowings from RBI.
13. What is the maximum limit of investment in Equipment in Micro (Service) enterprises? Rs.10 lacs.
14. Bank has to implement the award given by Ombudsman within _____ after receiving the acceptance from the
Customer: One month.
15. Capital market total exposure is: 40% of net worth of previous year
16. Maximum amount that is permissible under Priority Sector for repair of house in Rural and Semi urban area is
________________________________________ : Rs 2 lacs.
17. Should part payment of Foreign bill be accepted: Not be accepted
18. Micro, Small and Medium Enterprises is under which Ministry: Ministry of Micro Small & Medium Enterprises.
19. The Prudential Income Recognition norms were implemented in phased manner so that Indian Banks can have:
a) Capital adequacy and solvency; b) Cannot declare excess profit; c) More transparency in published accounts:
All
20. Under RTI is it necessary for the person seeking information to give reason as to why he is asking the
information: No need to tell the purpose of seeking information.
21. Cash Flow statement indicates _ : Receipt & Payment of cash in a given period.
22. In DRT what is the cut-off limit : Rs. 20 lakh and above.
23. Is Right of Set -off available on deposits in the name of guarantor: Only if demand has been made and after
giving prior notice.
24. In CDR, what is the condition of declaring dividend, profit / loss: No such condition has been prescribed. ( CDR
NOW DISPENSED).
25. Under Basel - II, what is the initial approach for Credit risk and Operational risk: Standardized approach, Basic
Indicator Approach.
26. What is Capital charge under Basic Indicator Approach of Operational risk: 15% of positive gross income average of
last 3 years.
27. What are the factors taken into consideration under Group approach: Commonality of management and control
28. Banks publish Quarterly results as per the guidelines of_________________under Clause of listing agreement:
SEBI- clause 41 of Listing agreement; Corporate Governance.
29. In DRI scheme, what the target and sub-targets under Priority Sector: 40% to SC/STs and 2/3rd in rural/semi urban
areas.
30. Exporters of good track record are provided continues Packing Credit. It is called: Running Packing Credit.
31. To which type of account holders bank do not issue Biometric card: Dormant and inoperative accounts.
32. Under Gold card scheme for Exporters of good track, concessional rate of interest is allowed upto : 365 days.
33. At what rate of discount Subordinate debts due within 1 to 2 years is to be taken: 80%
34. Under CGTMSE scheme, who is not eligible for 85% or 80% guarantee cover: SC / STs
35. What is the %age provision in Doubtful assets over 3 years category: Secured: 100%, Unsecured: 100%
36. In the PMEGP scheme, the margin for general category of borrowers is % of Project cost: 10%.
37. Is a Not Negotiable instrument transferable: Yes, it is transferable by way of delivery and endorsement but the title of
the transfree will not be better title than that of transferor.
38. Legal risk is part of: Operational Risk
39. Provision in Standard category assets for direct SME is : 0.25%
40. What is the liability of Introducer in Fraud case: No monetary liability for fraud.
41. Collecting Bank has presented a fake draft in clearing. Who will lodge FIR: Paying Bank.
42. Under Group Exposure norms, how much %age can be allowed by the Banks Board over and above the regulatory
guidelines: 5% in emergent circumstances.
43. The Exporter has submitted the documents for negotiations. What is the time available for Negotiating Bank to
scrutinize the documents received under L/C: 5 banking days following the date of receipt of documents.
44. Farmers who repay short term agricultural loan promptly are eligible for another interest subvention: 3% for
short term crop loan upto Rs. 3 lacs subject to the condition that the effective rate of interest is not less than 4%.
45. • The Reserve Bank has allowed banks to participate in Real Estate Investment Trusts (REITs) and
Infrastructure Investment Trusts (InvITs) within the overall ceiling of
46. of their net worth permitted for direct investments in shares, convertible bonds/ debentures, units of equity-
oriented mutual funds and exposures to Venture Capital Funds (VCFs) [both registered and unregistered],
subject to certain conditions: 20%
47. • The Reserve Bank has advised banks to make it mandatory for corporate borrowers having aggregate fund-
based and non-fund based exposure of and above from any
48. bank, to obtain Legal Entity Identifier (LEI) registration and capture the same in the Central Repository of
Information on Large Credits (CRILC): Rs. 5 crore.
49. Under SARFAESI a notice of days is to be given to the borrower in writing to discharge his liability in fulfilling which
the secured creditor shall exercise his rights under Section 13 (4): 60 days
50. Loan up to Rs. for Agro and Food Processing Units for Priority Sector lending classification: Rs. 100 cr from
banking system.
51. In the case of CGTMSE, every amount recovered by the bank 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 of: 4% above Bank
Rate for the period for which payment remains outstanding after the expiry of the said period of 30 days.
52. As per KYC norms of RBI, the officially valid documents for limited purpose of small deposit account, the utility bill not
older than: 2 months.
53. Under KYC, in case of a body of individual persons, the beneficial owner is a natural person, who, whether acting
alone or together, or through one or more juridical person, exercises control through ownership or who ultimately
has a controlling ownership interest of : 15%.
54. Under RBI guidelines, a bank can withdraw cheque book facility to a customer who repeats a bounce offence of
cheques of Rs.1 cr and above each, on more than four times: ( Now Banks to frame its own Board Approved
Policy)
55. Under Section 140 of N.I. Act: No excuse is available to the drawer from prosecution if he had no reason to believe
when he issued the cheque that it may be dishonoured on its presentation.
56. Noting is the process when the holder may cause the dishonour to be noted by a notary public when a promissory note
or Bill of exchange (B/E) has been dishonoured by non-acceptance or non-payment. Purpose of noting in case of
dishonor of B/E: To create legal evidence of dishonour.
57. Club's cheque presented while the treasurer (the authorised signatory) has died: The cheque shall be honoured.
58. A and B joint account. C has power of attorney to operate the account. B dies. The cheque signed by C is presented
for payment. : Return the cheque as POA not valid.
59. For the purpose of computing LCR, RBI has decided that in addition, banks will be permitted to reckon as Level 1
HQLAs Government securities held by them upto another 2 per cent of their NDTL under FALLCR within the
mandatory SLR requirement. Hence, the total carve-out from SLR available to banks would be _____ per cent of
their NDTL. The other prescriptions in respect of LCR remain unchanged: 13
60. RBI has decided to revise the housing loan limits for PSL eligibility from existing Rs.28 lakh to Rs. _____ lakh in
metropolitan centres (with population of ten lakh and above), and from existing Rs.20 lakh to Rs. _____lakh in
other centres, provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does
not exceed Rs.45 lakh and Rs.30 lakh, respectively: 35; 25
61. Under UCPDC - 600 what is the time period during which Issuing Bank or Nominated Bank can cheque the documents
to ensure that these are as per LC requirement: 5 banking days.
62. Banker customer relationship in standing instruction: Agent -Principal
63. In Kisan Credit Card Scheme, to calculate the limit for 5 years, the cost escalation is to be built in, for assessing the
limit for a subsequent year at: 10% of previous year limit.
64. The RBI revised guidelines for rehabilitation of MSMEs are applicable for exposure up to Rs. : 25 cr.
65. CERSAI defined in which Act: SARFAESI Act.
66. Bullion Dealers in which Risk Category: High.
67. Under PMEGP scheme maximum project cost for service sector: Rs 10 lacs.
68. Risk weight in advances backed by State Guarantee: 20%
69. CRR is defined in which section of RBI Act : Sec 42(1).
70. Cash payment of Rs. 20,000 & above in case of FDR is restricted under which Act: Sec 269-T of Income Tax Act.
71. Protection to Paying bank in case of material alteration in which Section of NI Act: Sec 89.
72. Protection to Collecting bank is available under which section of NI Act: Sec 131 of N.I. Act.
73. Mutual fund are controlled by which: SEBI.
74. CVV: Customer Verification Value
75. USSD: Unstructured Supplementary Service Data.
76. NUUP: National Unified USSD Platform.
77. IMEI: International Mobile Equipment Identity.
78. NPCI: National Payment Corporation Of India.
79. CVD: Customer Verification Data.
80. Currency of Belgium: Euro.
81. Universal set of standards & guidelines for communication by EDI is called: EDIFACT.
82. Automated Clearing House in Hong Kong is called: CHATS ( CHIPS in New York, CHAPS in UK).
83. Stand by L/c is like: Bank Guarantee
84. Duty of confirming bank: Only to verify the genuineness of LC.
85. Max loan amt covered under CGTMSE: Rs 2 cr Fund based+ non fund based.
86. DSCR is for evaluating: Term Loan repayment-surplus generating capacity.
87. Current ratio used for evaluating: Liquidity position
88. Debt securitization company means: conversion of receivables into debt instrument.
89. Min Education qualification for PMEGP: For Mfg upto 10 lac and business/service upto 5 lacs: Nil
90. Variable cost: Which varies with level of production.
91. Break Even Point: No profit no loss. ( TR-TC=Zero)
92. In case of Special crossing, banker get protection under: Section 124 of NI Act
93. Imports regulator: DGFT
94. What is Noting: Getting dishonoured B/E noted from notary. The certificate is called Protest.
95. Current account operated by finance director dies. Cheque signed by him: Will be paid
96. MSME Services loan amount limit: Micro & Small services: Rs. 5 cr; Medium 10 cr.
97. Abbreviation for UCPDC: Uniform Customs & Practices for Documentary Credit.
98. FCNR(B) account type: Term deposit.
99. RTI: Person seeking information need not give reason as to why he is seeking the information.
100. Which is not the function of ALCO: Budget target
101. What is time limitation for decree: 12 years.
102. Time limit to sue incase of cheque return unpaid: One month from the expiry of notice period.
103. Meaning of accrual concept: Mercantile system.
104. Paying bank protection for alteration which Act: Sec 89 of N.I. Act.
105. Collecting bank protection under which Act: Sec 131 of NI Act.
106. As per Sec. 99 of Negotiable Instrument Act in case of dishonour of Bill of Exchange (B/E), to create legal
evidence of dishonour, bank get the B/E noted through notary and a certificate issued by Notary is called:
Protest.
107. Garnishee order is not applicable to: a) Savings b) Current c) Fixed Deposits d) CC/OD with debit balance:
CC/OD with debit balance.
108. If Break Even Point is high, it can be construed that the margin of safety is : Low.
109. What is the Limitation period when Govt. wants to take legal action for recovery of its dues: 30 years.
110. When a farmer in addition to agriculture is engaged in rearing of farm stock, it is called: Mixed farming.
111. Minimum and maximum period for FCNR(B) accounts: 1 year and 5 year.
112. In which currency, FCNR(B) can be opened: In any freely convertible foreign currency.
113. Deferred Payment Guarantee is ______: Guarantee issued when payment by applicant of guarantee is to be
made in installments over a period of time. It is a financial guarantee.
114. What is the date for final implementation of Basel III : 31-032019.
115. Safe custody of Articles comes under which Act: Indian Contract Act.
116. CGTMSE cover available for credit facilities upto ( fund based and non fund based): Rs.200 Lac.
117. Debt Swap meaning: To extend finance to farmers for repayment of loan taken from non-institution lenders.
118. For Standing Instructions, the relation between bank and customers is: Agent and Principal
119. If in Garnishee Order no amount is mentioned, what should the bank do: Full amount to be attached.
120. Provision on secured Sub-Standard Loan: 15% of outstanding.
121. For creation of Equitable Mortgage on Agricultural land, property is to be located at: a) Any notified area b) In
cantonment area c) In metro cities d) Any where in India: Ans is D.
122. CGTMSE set up by: Govt. of India and SIDBI.
123. Eligible amount of suit in DRT: Rs.20.00 Lac & above.
124. Time Limit for registration of equitable mortgage with CERSAI: 30 days from date of deposit of title deeds.
125. Full form of USSD: Unstructured Supplementary Service Data.
126. What does LAF stands for __ : Liquidity Adjustment Facility.
127. Under Section 271-H of Income Tax Act failure to file TDS return: Rs.10,000 to 1,00,000.
128. What will be the effect on the nomination if nominee expires before the death of the Account holder: Nomination
automatically stands cancelled.
129. If a cheque is returned unpaid due to insufficiency of funds, the punishment under. Sec 138 of N.I. Act, which can
be imposed is : Imprisonment of 2 years and or penalty upto the double amount of cheque.
130. Non-profit organizations are catergorized in which risk category as per new KYC and AML guidelines : High Risk.
131. Mortgage deed is valid for a period of : 12 years.
132. Contribution= Sales price minus Variable Cost.
133. Net working Capital = Current Assets minus Current Liabilities.
134. Can a minor ratify the loan amount after attains majority: No.
135. Under OTS, the compromise amount is calculated after taking in : Opportunity Cost.
136. On which one of the following assets, depreciation is applied on Straight line method: Computers.
137. Public Debt Office (PDO) is an _ : Autonomous body and Investment Banker to Central Govt.
138. Overdraft in PMJDY account upto: Rs. 10,000/-.
139. Shortfall in PS advance target, amount to be deposited in: RIDF or invested in Priority Sector Lending Certificates
(PSLC).
140. Long duration crop means a crop with harvest season of: More than 12 months.
141. Loan to MSME without collateral upto: Rs.10.00 Lac.
142. Maximum amount of claim that can be filed in Lok Adalat: Rs. 20.00 Lac and above Rs.20 lac in Lok Adalat
formed by DRT.
143. A Housing loan in Metro area will be classified as Priority Sector, provided maximum amount of loan is up
to_______and maximum cost of house is up to ________ Rs. 35 lac; Rs 45 lac.
144. Bank is not required to produce original book of records but true copy can be submitted when court has
demanded as per which Act: Bankers Book Evidence Act.
145. Outstanding in a CC account is Rs.2.00 lakhs. One of the partner died and the operations were continued in the
account by the bank inspite of notice of the death given to the bank. Later 2.50 lakh deposited and 1 lakh was
withdrawn? What is liability of legal heirs of the deceased partner: NIL as per Claytons rule.
146. A Proxy server is used for: To provide security against unauthorized users.
147. PMLA & FEMA are monitored by _____ : Enforcement Directorate.
148. Rohit was a loanee of the branch and news has come that he has expired. On enquiry, it was observed that he
left some assets. Upto what extent the legal heirs are liable to the Bank: Legal heirs are liable for the liabilities
upto the assets inherited by them.
149. Indian Currency Rupee is in circulation in two more countries. One is Nepal, the other is : Bhutan.
150. Credit Rating Agencies in India are regulated by: SEBI
151. CRISIL stands for: Credit Rating Information Services of India Ltd.
152. RBI grants loans to Banks against Govt. Securities at : Repo Rate.
153. Application under ASBA can be applied for: a) IPO b) Right Issue c) Mutual fund: Ans: All of these.
154. Gross Working Capital means _ : Current Assets.
155. What is Phising: To steal the customers personal / confidential data like Bank a/c number, Credit Card Number,
PIN or Password over internet and access their accounts.
156. Complaints under Consumer forum should be dealt with within (Where no testing of commodities is required) : 90
days.
157. Difference between Import and Export in Merchandise is called: Balance of Trade
158. W.e.f 1-4-2016, Base rate concept has been replaced by: Marginal cost of Funds based lending rate
159. As per UCPDC how much time is allowed to Issuing Bank and Negotiating Bank for scrutiny of documents: 5
banking days following the date of receipt of documents.
160. As per RBI guidelines wrongful debits of customers in ATM's are to be reversed in within :7 days from date of
debit.
161. White label model ATM's are: Owned by private ATM service providers - Third party ATMs
162. Mortgage is transfer of interest in : Specific Omm,ovable Property and not transfer of property.
163. The appraisal of Deferred Payment Guarantee is same as that of a) Demand Loan b) OD c) Term Loan d) CC :
Term Loan.
164. RTGS amount limit for customer: Minimum Rs. 2 lac and no maximum.
165. Conversion means: Collecting cheque for a customer, who is not the owner of that cheque. (Cheque in the name
of Partnership firm being collected for credit of partners account).
166. Under RBI KYC directives, CFT stands for: Combating Financing of Terrorism.
167. Full KYC is required at least once in year in case of high risk customer : 2 years.
168. The value of a gift that can be given by banks to its customers cannot exceed rupees: Rs.250/-
169. In Small Savings Bank account all credits in a financial year should not exceed : Rs. 1 lac.
170. Savings Bank / Current Deposit accounts to be treated as inoperative if there are no transaction for over a period
of: 2 years.
171. Limitation period for filling case for enforcing mortgage : 12 years when the mortgage money has become due.
172. Whether "WILL" has to be registered: Not required.
173. Which of the following does not come under Tier II capital? a) Capital reserves b) Undisclosed reserves c)
Revaluation reserves d) Cumulative Perpetual shares: Capital Reserves.
174. Which of the following can purchase NPA? a) ARC b) Banks c) Financial Institutions d) NBFC e) All of the
above*
175. Nominee can claim payment when: Only after the death of depositor as a trustee of legal heir.
176. A foreign tourist who is in India and is having USD 5,000 wants to open a/c. Which type of deposit account he
can open: NRO for a maximum period of 6 months
177. What is the target in DRI scheme for women: No Target for women.
178. Food & Processing Industry up to what amount can be given under priority sector: Rs. 100 crores.
179. Unspent Foreign Currency to be surrendered within: 180 days
180. For Special Crossing, what is essential: Bank's name must appear with or without two parallel lines.
181. Locker Operation to be categorised under High and Low risk. In case of non-operation of such accounts for
______and ____ : 1 year and 3 years respectively.
182. Why International Financial Reporting System (IFRS) should be implemented: For comparison of financials of
companies operating in two different international jurisdictions.
183. An Agent is appointed by the principal in his deposit account. The Agent dies and you are informed accordingly.
A cheque signed by him is presented for payment: Can be paid as for all acts of agent, principal is liable.
184. Financial Director dies - Cheque signed by him presented for payment: Can be paid as he is signing in
representative capacity.
185. If Garnishee Order does not specify any amount, it will be applicable or not: Applicable and full amount in the a/c
will be attached.
186. Chase Bank is head quartered in which country: New York.
187. Lime app by which Bank: Axis Bank
188. • As per the Task Force committee headed by T.K.A. Nair, the banks to achieve annual growth of % in
Micro enterprise accounts: 10% p.a.
189. NPA - D3 Category (Beyond three years): 100% Provision both on secured and unsecured.
190. Guarantee given by a minor: Cannot be ratified even when he becomes major.
191. NABARD undertakes supervision on which type of Bank: RRBs.
192. SARFAESI is applicable to what type of a/cs: Secured NPA Accounts.
193. Number of days for examination of documents by negotiating bank under L/C by bank: 5 Banking days.
194. Why crystallisation of Import bill: To extinguish foreign exchange liability by debiting the a/c and avoid exchange
fluctuation risk.
195. Buy Now, Pay Later what type of card: Credit Card
196. Interest Rate on FCNR(B) Banks is linked to: LIBOR/Swap - London Inter Bank Offered Rate.
th
197. Hindi day is celebrated on: 14 Sept.
198. Monetary ceiling for case filing at Lok Adalat is : Max Rs. 20 lakhs. ( Above Rs 20 lac for Lok Adalat under DRT).
199. For MSE units, no collateral security/third party guarantee is to be taken for loans upto Rs. : Rs. 10
lakhs. (For units with good track record, it is upto Rs 25 lacs).
200. Maximum finance for repair and renovation of house in metro under priority sector: Rs. 5 lac.
201. Inchoate instrument means: Incomplete instrument i.e., date or payee or amount is missing.
202. RBI can issue bank note with highest denomination : Upto Rs. 10,000/-
203. Govt. of India can issue currency note in denomination of : Rs. 1/-
204. In FDR if the principal and interest is Rs. 20,000 or above it is not to be paid in cash as per: Section 269T of
Income Tax Act.
205. Investment limit in plant and machinery for classification as Small manufacturing enterprise: Above Rs. 25 lac up
to Rs. 5 Cr.
206. Validity of Cheque defined under which act: Validity period not defined in any act. It is 3 months as per RBI
directions u/s 35-A of Banking Regulation Act.
207. Pari Passu charge means: Sale proceeds of security shared by different banks in the ratio of their outstanding
loans.
208. PMSBY insurance cover in accident: Max Rs. 2 lac.
209. Receivables 20 and sales 120. Find the Receivables turnover turn over ratio in months: 2 months (20/120 x12).
210. Maximum amount of crop loan under KCC for claiming Interest subvention: Rs. 3 lac.
211. As per revised procedure, banks will not send copy of form 15G/15 H to Income Tax Deptt but will retain the
same with them for: 7 years.
212. Karnataka Bank head office in which place: Manglore.
213. What is the IDL (Intra Day Liquidity) time for reversal of RTGS: 19.45 To 20
214. Current Ratio is 1.33:1, Current Assets is 100, what will be the amount of Current Liability: 75 lakhs.
215. Holders of 'Basic Savings Bank Deposit Account' will not be eligible for opening any other savings account in that
bank. If a customer has any other existing savings account in that bank, he will be required to close it within: 30
days from the date of opening a 'Basic Savings Bank Deposit Account'.
216. natural person, who, whether acting alone or together, or through one or more juridical person, exercises control
through ownership or who ultimately has a controlling ownership interest of : 15%.
217. Complaints under Consumer forum should be dealt within (where no testing of commodities is required) : 90
days.
218. The extent of coverage under CGTMSE for Micro units up to Rs 5 lacs is : 85% with maximum amount of
claim upto Rs 4.25 lacs.
219. Statutory Liquidity Ratio (SLR) defined in which Section: Section 24 (2) of Banking Regulation Act.
220. Interest @ is given by RBI on CRR balance maintained by banks: Nil.
221. • If number of counterfeit notes are detected in single
222. transaction, a consolidated report has to be sent to police station: Less than 5.
223. Cash Reserve Ratio is maintained as a percentage of : Net Demand & Time liabilities. (NDTL)
224. What should be annual income of a BPL family from all sources to be eligible for getting interest subvention
under educational loan? Rs 4.50 lac.
225. Cheque issued without balance what penalty: No penalty (Only on dishonour, Court Proceedings).
226. Which is the latest recovery channel made available to the banks for speedy recovery of NPAs backed by
security: Action can be taken under SARFAESI.
227. What is the RBI directives for issuing DD for amount of Rs. 20,000 and above: It should Account Payee only.
228. As per the moratorium guidelines, the repayment of education loan should start from: 12 months on completion of
course or 6 months after getting job, whichever is earlier.
229. Business correspondent is: Agent of Banker.
230. Net working capital means: Current assets minus current liabilities.
231. Income Criteria in PMEGP: No ceiling.
232. What is the Banker- Customer relationship in case of cheque sent for collection: Agent and Principal.
233. No bank can issue bearer demand draft/pay order as per which Act: Sec 31 of Reserve Bank of India Act.
234. If Net Working Capital is 48 and Current Liabilities are 12, what is the Current Ratio: 5:1 (Current assets 60;
Current liability 12).
235. What is Hybrid debt instrument? a) Debenture b) Bond c) Preference shares d) Convertible Bonds*
236. Implied authority of a partner does not allow __ singly? Settle a dispute relating to the business of the firm thru
arbitration.
237. What is the minimum and maximum period for FCNR (B) : 1 year and 5 years.
238. In case of Equitable mortgage, the deposit of title deeds has to be at : Any notified town notified by the State
Govt.
239. What is the % age of provision on Standard assets in case of Direct Agriculture and Direct MSE advances: 0.25%
of outstanding.
240. Bailment of goods for securing a repayment of loan is called: Pledge.
241. • A housing loan in metro area will be classified as Priority Sector, provided maximum amount of loan is
up to _____ and ______ maximum cost of house is up to: Rs. 35 lac; Rs 45 lac.
242. EEFC - Maximum retention in foreign currency: 100%
demanded as per which Act: Bankers Book Evidence Act.
244. Packing Credit facility is available in which type of Letter of Credit: Red Clause Letter of Credit.
245. Outstanding in a CC account is Rs.2.00 lakhs. One of the partner died and the operations were continued in the
account by the bank inspite of notice of the death given to the bank. Later, Rs. 2.50 lakh was deposited and Rs.1
lakh was withdrawn? What is liability of legal heirs of the deceased partner: NIL as per Claytons rule.
246. PMLA & FEMA are monitored by ____ : Enforcement Directorate.
247. Credit Rating Agencies in India are regulated by: RBI
248. CRISIL stands for: Credit Rating Information Services of India Ltd.
249. RBI grant the loan to Banks against Govt Securities at : Repo Rate.
250. What is the risk weight in case of Staff loan secured by mortgage or superannuation benefits: 20%
251. Mortgage means: Transfer of interest in a specific immovable property.
252. What is the premium in case of PMFSY : 1.5% Rabi 2% Kharif.
253. What is the rate of TDS in case of Savings Bank deposit account as per Income Tax Act Section 80TTA : TDS is
not applicable in savings bank interest.
254. What is the rate of TDS in case the customer does not submit PAN card and 15G/ 15H : @ 20%.
255. Certificate of Incorporation refers to: Birth certificate for a company issued by ROC.
256. Hypothecation is defined in: Sec 2(n) of SARFAESI Act.
257. Negative Lien refers to: Undertaking given by the company not to create any charge / not to get the assets
encumbered to any other bank during the currency of bank borrowings.
258. When Guarantor on payment of all dues of principal debtor, gets which rights as that of creditor? a) Subrogation*
b) Lien c) Assignment d) Pledge.
259. Rating of Bank is carried by RBI on CAMELS criteria, what do "C" stands for? Capital Adequacy.
demanded as per which act? a) Civil procedure code b) Registration act c) B.R. Act d) RBI Act e) Banker Books
Evidence Act*
261. To improve Current Ratio of 2:1, what has to be done?: a) Recover cash from Receivables b) Cash sales
c) Decrease the Bills payables*
262. When Garnishee order is applicable: Relationship between bank and customer is that of debtor and creditor.
263. In case of nomination who will attest signatures of depositor on nomination form? No need for witness. It is
required only in case of thumb impression.
264. A financial product, which is driving its value from another financial product, is called : a) Forward Contract
b) ________________________ Swap c) Derivative; d) Currency futures: Ans- Derivative.
265. The legal liability to file charges with ROC in case of lending to a Company is that of : Borrowing Company.
266. What increases a capital of a person: a) Profit b) Loss c) Depreciation d) Sale of an asset: Profit.
267. To reduce its foreign currency risks in case of overdue Export bill, bank bank should do: a) Forward Contract b)
Option contract c) Swap d) Crystallization: Ans Crystallization.
268. Banks undertake BEP analysis to assess: Margin for safety
269. MONETARY CEILING FOR CASE FILING AT LOK ADALAT IS: Max Rs. 20 lakhs. ( Above Rs 20 lac for Lok Adalat under
DRT).
270. WHICH OF THE FOLLOWING CAN PURCHASE NPA? A) ARC B) BANKS C) FINANCIAL INSTITUTIONS D) NBFC E) All of the
above*
271. A FOREIGN TOURIST WHO IS IN INDIA AND IS HAVING USD 5,000 WANTS TO OPEN ACOUNT. WHICH TYPE OF DEPOSIT
ACCOUNT HE CAN OPEN: NRO for a maximum period of 6 months

272. WHAT IS THE TARGET IN DRI SCHEME FOR WOMEN: No Target for women.
273. CASH RESERVE RATIO IS MAINTAINED AS A PERCENTAGE OF: Net Demand & Time liabilities. (NDTL).
274. WHAT SHOULD BE ANNUAL INCOME OF A BPL FAMILY TO BE ELIGIBLE FOR GETTING INTEREST SUBVENTION UNDER
EDUCATIONAL LOAN: Rs 4.50 lac.

275. WHAT IS THE BANKER- CUSTOMER RELATIONSHIP IN CASE OF CHEQUE SENT FOR COLLECTION: Agent and Principal.
276. SB /CD TO BE TREATED AS INOPERATIVE IF THERE ARE NO TRANSACTION FOR OVER A PERIOD OF: 2 years
277. LIMITATION PERIOD FOR FILING CASE FOR ENFORCING MORTGAGE SUIT BY THE BANK: 12 years.
278. PARI PASSU CHARGE MEANS: Sale proceeds of security shared by different banks in the ratio of their outstanding
loans.
279. NO BANK CAN ISSUE BEARER DEMAND DRAFT/PAY ORDER AS PER WHICH ACT: Sec 31 of Reserve Bank of India Act.
280. IF NET W ORKING CAPITAL IS 48 AND CURRENT LIABILITIES ARE 12, WHAT IS THE CURRENT RATIO: 5:1 (Current assets 60;
Current liability 12).
281. CLUSTER BASED APPROACH IS APPLICABLE FOR: A) PRIORITY CREDIT ADVANCE B) SME* C) SHG.
282. WHAT IS HYBRID DEBT INSTRUMENT: A) DEBENTURE B) BOND C) PREFERENCE SHARES D) Convertible Bonds*
283. IMPLIED AUTHORITY OF A PARTNER DOES NOT ALLOW SINGLY: Settle a dispute relating to the business of the firm thru
arbitration.
284. WHAT IS THE MINIMUM AND MAXIMUM PERIOD FOR FCNR (B): 1 year and 5 years.
285. WHAT IS FULL FORM OF MCLR: Marginal cost of funds based lending rate.
286. FULL FORM OF LRS: Liberalized Remittance Scheme.
287. IN CASE OF EQUITABLE MORTGAGE, THE DEPOSIT OF TITLE DEEDS HAS TO BE AT : Any notified town notified by the State
Govt.
288. WHAT IS THE % AGE OF PROVISION ON STANDARD ASSETS IN CASE OF DIRECT AGRICULTURE AND DIRECT MSE ADVANCES:
0.25% of outstanding.
289. WHAT IS THE RATE OF TDS IN CASE THE CUSTOMER DOES NOT SUBMIT PAN CARD AND 15G/ 15H: @ 20%.
290. CERTIFICATE OF INCORPORATION REFERS TO: Birth certificate for a company issued by ROC.
291. HYPOTHECATION IS DEFINED IN: Sec 2(n) of SARFAESI Act.
292. NEGATIVE LIEN REFERS TO: Undertaking given by the company not to create any charge / not to get the assets
encumbered to any other bank during the currency of bank borrowings.
293. WHEN GUARANTOR ON PAYMENT OF ALL DUES OF PRINCIPAL DEBTOR, GETS WHICH RIGHTS AS THAT OF CREDITOR? A)
Subrogation* B) LIEN C) ASSIGNMENT D) PLEDGE.
294. • THE EXTENT OF COVERAGE UNDER CGTMSE FOR MICRO UNITS UP TO RS 5 LACS IS : 85% with maximum
amount of claim upto Rs 4.25 lacs.
295. RATING OF BANK IS CARRIED BY RBI ON CAMELS CRITERIA. WHAT DO "C" STANDS FOR? Capital Adequacy.
296. NABARD UNDERTAKES SUPERVISION ON WHICH TYPE OF BANK: RRBs.
297. BANK IS NOT REQUIRED TO PRODUCE ORIGINAL BOOK OF RECORDS BUT TRUE COPY CAN BE SUBMITTED WHEN COURT HAS
DEMANDED AS PER WHICH ACT: A) CIVIL PROCEDURE CODE B) REGISTRATION ACT C) B.R. ACT D) RBI ACT E) Banker
Books Evidence Act*
298. TO IMPROVE CURRENT RATIO OF 2:1, WHAT HAS TO BE DONE: A) RECOVER CASH FROM RECEIVABLES B) CASH SALES C)
Decrease the Bills payables*

299. WHICH OF THE FOLLOWING DOES NOT COME UNDER TIER II CAPITAL? A) CAPITAL RESERVES B) UNDISCLOSED RESERVES C)
REVALUATION RESERVES D) CUMULATIVE PERPETUAL SHARES: Capital Reserves.
300. FOOD & PROCESSING INDUSTRY UP TO WHAT AMOUNT CAN BE GIVEN UNDER PRIORITY SECTOR: Rs. 100 crores.
301. UNSPENT FOREIGN CURRENCY TO BE SURRENDERED WITHIN: 180 days
302. SPECIAL CROSSING - WHAT IS ESSENTIAL: Bank's name must appear with or without two parallel lines.
303. WHY INTERNATIONAL FINANCIAL REPORTING SYSTEM (IFRS) SHOULD BE IMPLEMENTED: For comparison of financials of
companies operating in two different international jurisdictions.
304. AGENT DIES - CHEQUE SIGNED BY HIM PRESENTED FOR PAYMENT: Can be paid as for all acts of agent, principal is liable.
305. IF GARNISHEE ORDER DOES NOT SPECIFY ANY AMOUNT, IT WILL BE APPLICABLE OR NOT: Applicable and full amount in the
a/c will be attached.
306. AS PER THE TASK FORCE COMMITTEE HEADED BY T.K.A. NAIR, THE BANKS TO ACHIEVE ANNUAL GROWTH OF % IN MICRO
ENTERPRISE ACCOUNTS: 10% p.a.
307. NPA - D3 CATEGORY (BEYOND THREE YEARS): 100% Provision both on secured and unsecured.
308. MSE SINGLE WINDOW CEILING OF THE AMOUNT WITH CGTMSE COVERAGE: Rs. 1 crore.
309. BANKS UNDERTAKE BEP ANALYSIS TO ASSESS: Margin for safety.
310. GUARANTEE GIVEN BY A MINOR: Cannot be ratified even when he becomes major.
311. STATUTORY LIQUIDITY RATIO DEFINED IN WHICH SECTION: Section 24 (2) of Banking Regulation Act.
312. INTEREST @ IS GIVEN BY RBI ON CRR BALANCE MAINTAINED BY BANKS: Nil.
313. BAILMENT OF GOODS FOR SECURING A REPAYMENT OF LOAN IS CALLED: Pledge.

314. • IF NUMBER OF COUNTERFEIT NOTES ARE DETECTED IN SINGLE TRANSACTION, A CONSOLIDATED REPORT
SENT TO POLICE STATION: Less than 5. FIR has not to be filed.

315. WHAT IS THE RISK WEIGHT IN CASE OF STAFF LOAN SECURED BY MORTGAGE OR SUPERANNUATION BENEFITS: 20%
316. MORTGAGE MEANS: Transfer of interest in a specific immovable property.
317. CONVERSION MEANS: Collecting cheque for a customer, who is not the owner of that cheque. (Cheque in favour of
a company being collected by the bank in the account of the director.)
318. WHAT IS THE RATE OF TDS IN CASE OF SAVINGS BANK DEPOSIT ACCOUNT AS PER INCOME TAX ACT SECTION 80TTA: TDS
is not applicable in savings bank interest.
319. WHAT IS THE PREMIUM IN CASE OF PMFSY: 1.5% Rabi 2% Kharif.
320. Beneficial Owner (BO) in the case of Company means 'Controlling ownership interest' of more than per cent of
the shares or capital or profits of the company: 25. ( In case of partnership or individual it is more than 15%.
321. Receivables Rs. 20 lacs. Sales Rs. 120 lacs. What is Debtor Collection Period? 2 Months
322. Housing Loan upto Rs. lac comes under Priority Sector in Metropolitan Areas where population is 10 lac and
above provided the overall cost of the dwelling unit does not exceed Rs.45 lakh: 35 lacs.
323. Retention Period for form 15G/ 15H obtained at branches? 7 years.
324. For farm Mechanization for financing of tractor the minimum land holding is : 2.5 acre
325. For filing a complaint under Consumer Forum the limitation period: 2 Years from date of cause of action arises
326. Claused Bill of Lading: Receipt issued by shipping company indicating defective condition of goods or defective
packaging.
327. In case of Single or Individual borrower, the exposure ceiling as fixed under Group exposure norms is 15% which
can be further extended in case of Infrastructure by: 5%
328. Bank paid amount in INR after conversion of USD @ 68.63/68. For 30,000 Dollar with 5 paise per dollar
commission, what amount will be credited in customers account: Rs. 20,57,400/-
329. Accrual concept means: Income and Expenditure are recorded as and when they become due.
330. Statutory Liquidity Ratio (SLR) 19.5% of net demand and time liabilities of banks w.e.f.: 14.10.2017
331. The rate of Interest Equalisation available on Pre-Shipment Rupee Export Credit and Post-Shipment Rupee
Export Credit is %> per annum: 3%
332. As per RBI guidelines, priority sector lending target for Regional Rural Banks is : 75% of total outstanding
loans.
333. Govt. of India has established Central KYC Records Registry (CKYCR) under provisions of which of: Prevention
of Money Laundering Act 2002
334. For Import of goods from USA, a customer of Kotak Bank enters into an Free on Board (FOB) contract. The cost
pertaining to insurance and freight will be borne by: Importer.
335. A forex bill discounted by the bank was returned back unpaid. The amount will be recovered from the party by
using which rate: TT selling rate.
336. The balance sheet of M/s Amteck indicates at the beginning of the financial year, the capital of a firm as Rs.
9,80,000. The firm earned a profit of Rs. 2,40,000 and paid tax at 10%. The two partners also withdrew
Rs.75,000 each. What is the closing balance in the Capital account: Rs.10,46,000
337. What is the limitation period in case of Mortgage suit by Bank: 12 years from the date when the mortgage money
has become due.
338. Frauds of Rs.1 lac and above are to be reported to RBI on - within : FMR 1, 3 weeks
339. A customer who received back a dishonoured cheque, seeks your guidance as to which court is competent for
trying cases u/s 138 of N.I. Act: Metropolitan Magistrate or 1st class judicial magistrate.
340. Negative Lien refers to: Undertaking given by the Co not to create any subsequent charge till the currency of
bank borrowings.
341. Financial management goal is: Wealth maximization.
342. Internal Rate of Return is arrived at a point where future cash flows on Net Present Value basis should be: Zero
343. Calculate Expected Loss: EL= PDxLGDxEAD. (Probability at default, Loss given at default; Exposure at default).
344. Where obsolescence rate is high, which method of capital budgeting is more appropriate: Pay Back method.
345. Economic Order Quantity (EOQ) concept refers to: To reduce inventory carrying costs.
346. Arbitrage is: Simultaneous sale and purchase of securities to take advantage of price differential between two
places.
347. Declaration on form no. 15-G: For Senior Citizen ( 60 years and above) the declaration is on Form No. 15-H. The
bank has to retain the form for 7 years.
348. Limited Liability Partnership (LLP) - Minimum and Maximum partners: Minimum members is two and maximum
no limit.
349. 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% by
number and whose land-holding share is also not less than 75% of the total land-holding.
350. What is the IDL ( Intra Day Liquidity) time for reversal of RTGS: 19.45 To 20
351. You don't want to loose relationship with a customer for non submission of KYC. What will you do: Partial
Freezing / Total Freezing.
352. Counterfeit Rs. 500 note found in remittance. What is the penalty: Penalty at 100% of the notional value of
counterfeit notes, in addition to the recovery of loss to the extent of the notional value of such notes.
353. Easypay mobile app launched by which bank: ICICI
354. Printing of nomination on Passbook: The name of the nominee will be recorded in the pass book of a/c / term
deposit receipt only at the request of the account holder.
355. Holders of 'Basic Savings Bank Deposit Account' will not be eligible for opening any other savings account in that
bank. If a customer has any other existing savings account in that bank, he will be required to close it within: 30
days from the date of opening a 'Basic Savings Bank Deposit Account'.
356. The RBI has directed banks that a pensioner's account should not exceed more than ____credit transactions in a
calendar year for retirement and arrear payments. The agency banks are compensated at Rs.____ per
transaction forhandling pension computation, payment and related services on behalf of central and state
governments: 14; 65.
357. Atal Pension Yojana is discontinued if defaulted payment more than: Non-maintenance of required balance in the
savings bank account for contribution on the specified date will be considered as default. Discontinuation of
payments of contribution amount shall lead to following: After 6 months account will be frozen. After 12 months
account will be closed.
358. Internal Ombudsman (IO) (Chief Customer Service Officer-CCSO) guidelines are issued on the
recommendations of: Damadoran committee.
359. Deferred Payment Guarantee is _ : Guarantee issued when payment by applicant of guarantee is to be made in
installments over a period of time
360. Number of days allowed to negotiating bank for examination of documents under Letter of Credit: 5 Banking
days.
361. •Why crystallisation of Import bill: To avoid exchange fluctuation risk.
362. 'Buy Now, Pay Later'" what type of card: Credit Card.
363. Interest Rate on FCNR(B) is linked to: London Inter Bank Offered rate (LIBOR).
364. Pari Passu charge: Equal rights to all creditors in the ratio of their outstandings.
365. •Amount and words differ in cheque: Pay as per words (Sec 18 of N.I. Act).
366. Cheque issued without balance what penalty: No penalty (Only on dishonour, Court Proceedings).
367. Banks are required to lend to 'Weaker Sections' up to %,of total Priority Sector advances: 25%
368. In case of Fixed Deposits, interest rate is decided by: Board of Directors of respective bank.
369. •There is a joint account in the name of A and B payable to either or survivor. C is appointed as nominee. In case
of death of A, what is the right of nominee: None - Nominee entitled to receive payment only after death of both
the account holders.
370. •What is the RBI directive for issuing DD for amount of Rs. 20,000 and above: It should be Account Payee only.
th
371. Hindi day is celebrated on: 14 Sept.
372. Monetary ceiling for filing case at Lok Adalat : Rs. 20 lakhs. (Above Rs. 20 lac then Lok Adalat under DRT).
373. If Garnishee Order does not specify any amount, will it be applicable or not: Applicable and full amount in the a/c
will be attached.
374. •Which of the following is not material alteration? a) Making crossing b) Filling the date which was unfilled c)
Writing banks name between two parallel lines: All of these.
375. •How many days notice is required for selling the securities under possession of SARFEASI Act? 30 days
376. •Accrued interest means: Interest earned during the financial year but not received.
377. How much forex can be remitted for Education expenses for student going abroad? : Upto US $ 2,50,000 within
the overall limit of LRS.
378. •What is minimum amount for NEFT transaction? No Minimum.
379. •What is the type of risk if computer data is lost? Operational Risk.
380. •What is organic farming? Farming using organic manure and organic pesticides.
381. •Resident while returning from abroad. How much amount can be brought in foreign currency? No Limit.
382. Criteria for Medium Manufacturing Unit in terms of turnover: Turnover exceeding Rs.75 crore upto Rs.250 crore.
383. Annual growth target of outstanding advance to Micro & Small Enterprises: 20%
384. •With in how many days after shipping of goods, Export Bills for negotiation are to be submitted to the banker?
With in 21 days.
385. •Banks are required to submit the list of willful defaulters with outstanding of Rs. ___and above and all other
defaulters (suit filed) with the liability Rs._____and above to RBI: 25
386. lakhs, Rs. 100 lakhs.
387. •Net working capital means: Current assets minus current liabilities.
388. •Micro Service enterprise means a unit with: Turnover upto Rs.5 crore.
389. For KYC updation, bullion dealer account is categorized as : High Risk
390. Housing Loan under DRI to SC/ST can be given up to: Rs. 20,000/-.
391. Converting liability on account of overdue export bills into Indian Rupees is called: Crystalization.
392. •UCDPC means: Uniform Customs and Practices for Documentary Credit.
393. •Periodicity for updating Low risk rating Customer is: Once in 10 years.
394. •Within how many days reports are required to be sent to financial intelligence unit as per KYC guidelines?: Cash
Transaction Report within 15 days from the close of month and Suspicion Transaction Report within 7 days of
conclusion of suspicion.
395. •Why Foreign Currency notes buying rate is worse compared to a foreign Cheque buying rate? Cash is an idle
asset; high cost of holding.
396. In case of Partnership firm, partner's liability is: Joint several and unlimited.
st
397. If a Letter Credit states 'Shipment to take place at the end of June', it means: Between 21 & last day of the
month.
398. In Limited Liability Partnership (LLP) what is the extent of liability of a partner: Limited to the extent of his share
holding.
399. _ Interest subsidy @ __ % on loan amount limited to Rs._____ lakh is provided to EWS and LIG beneficiaries under
PMAY Urban: 6.5%, 6 lakh
400. Section 45ZA to ZE of Banking Regulation Act deals with: Nomination of Deposits, Safe Custody and Lockers.
401. Garnishee Order is applicable when Banker - Customer relationship is that of :Debtor-Creditor
402. •CGTMSE cover extended to retail traders under MSE segment enjoying credit facilities in the range of: Rs. 10-
100 lakh.
403. •Maximum CGTMSE claim amount for retail traders : Rs.50 Lakh.
404. •CGTMSE set by : Govt of India and SIDBI.
405. Long duration crop means a crop with harvest season of : more than 12 months.
406. •What is the maximum amount for which case can be filed in a Lok adalat : Rs 20 lacs
407. Garnishee order is not applicable to: a) Savings b) Current c) FD d) CC/OD with debit balance: CC/OD with debit
balance.
408. Under OTS, the compromise amount is calculated after taking in : Opportunity Cost.
409. If Break Even Point is high, it can be construed that the margin of safety is : Low.
410. On which one of the following assets, depreciation is applied on Straight line method: Computers.
411. What is the limitation period when Govt. wants to take legal action for recovery of its dues: 30 years.
412. Public Debt Office (PDO) is an _ : Autonomous body and Investment Banker to Central Govt.
413. When a farmer in addition to agriculture is engaged in rearing of farm stock, it is called: Mixed farming.
414. Minimum and maximum period for FCNR(B) accounts: 1 year and 5 year.
415. In which currency, FCNR(B) can be opened: In any freely convertible foreign currency.
416. Deferred Payment Guarantee is : Guarantee issued when payment by applicant of guarantee is to be made in
installments over a period of time. It is a financial guarantee.
417. What is the date for final implementation of Basel III? 31.03.2019.
418. Safe custody of Articles comes under which Act: Indian Contract Act.
419. CGTMSE cover eligible for credit facilities ( fund based and non fund based): Rs.200 Lac.
420. OD in PMJDY account upto: Rs. 5,000/-.
421. Debt Swap meaning: To extend finance to farmers for repayment of loan taken from non-institution lenders.
422. For Standing Instructions, the relation between bank and customers is: Agent and Principal
423. If in Garnishee Order no amount is mentioned, what should the bank do? Full amount to be attached.
424. Long duration crop means a crop with harvest season of: More than 12 months.
425. Provision on secured Sub-Standard Loan: 15% of outstanding.
426. Loan to MSME without collateral: Rs.10.00 Lac.
427. CGTMSE set up by: Govt. of India and SIDBI.
428. Maximum amount of claim that can be filed Lok Adalat: Rs. 20.00 Lac and above Rs.20 lac in Lok Adalat formed
by DRT. For acquiring securities charged to the bank under SARFAESI
429. Act, a notice of days is required to be sent to the owner of the securities: 60 days
430. The drawer of a cheque wants that the endorsee should not get a defect free title when he receives an endorsed
cheque. Which type of crossing would be required: Not -Negotiatiable crossing.
431. The crossing on a cheque is required to be cancelled. Who can do so: Drawer
432. A cheque signed by an agent is presented for payment, after his death. What will the paying bank do: Cheque will
be paid.
433. A bank can sell its NPA account to another bank, if the NPA is
434. held by the seller bank with it for month as NPA: No lock in period.
435. Unutilised overdraft limit of a borrower is available and a Garnishee order is received: Order is not applicable
436. Provision for standard accounts in direct agriculture and SME accounts is to be made at : 0.25%
437. RBI injects liquidity through: Repo
r
438. In Educational loan no collateral security or 3 party guarantee will be obtained, if the amount of loan is maximum
up to: Rs.4 lac.
439. NRE term deposit can be accepted by banks for a period of: 1 to 10 years.
440. A loan associated with a short duration crop, becomes substandard after remaining special mention account for a
period of : Two crop seasons
441. Interest subvention of 2% is available to banks from Govt. when the short term agriculture production loan up to
Rs. ______________ ____ lac is allowed by banks at____% rate of interest to farmer: 3
442. lac, 7%
443. Under Liberalized Remittance Scheme what is the maximum amount that can be remitted by a resident person
going abroad as tourist: $ 2.50 lac in a financial year.
444. If an SSI units holds a margin of Rs.25 lac and its projected Sales are Rs.400 lac. Its working capital limit will be:
Rs.75 lac.
445. Providing banking product and services to weaker section of the society at affordable cost is called : Financial
inclusion.
446. Customer day is observed by banks on th of the month : 15
447. Minimum number of days for which term deposit can be made by banks : 7 days
448. Appeal against the award given by the Ombudsman can be made by the bank within ____days of date of receipt
of acceptance from the customer: 30 days.
449. The format of cheque is prescribed in which Act : No act. It is only a practice/customs and usuage.
450. If a fraud takes place in a bank branch. Report is sent to the controlling office on form: FMR 1
451. The amount in a cheque is written differently in words and figures and amount written in words is higher of the
two: Amount written in words will be paid.
452. While paying a bearer cheque, signatures are obtained on the back side of the cheque: As evidence /
acknowledgement of having received the payment.
453. Bank note which is misprinted by RBI is replaced by issuing a note : Star series
454. Sales / Debtor ratio is called ratio. It indicates _____ : Debtor-turnover, efficiency of collection of debtors.
455. Current ratio indicates: Capacity of a firm to meet its current liabilities out of current assets.
456. Conversion means: Unauthorized intervention in the property of another person.
457. As per Official language policy for B region, branch target to reply in Hindi letter received in Hindi is : 100%
458. What is the right of nominee in case of term deposit that has not matured: To obtain premature payment and not
raise loan against the security of such term deposit.
459. Pre-shipment credit is available in which type of letter of credit: Red clause
460. Collateral security in case of PMEGP scheme is exempted up to: Rs. 10 lac.
461. What is full form of FRBM: Fiscal Responsibility & Budget Management Act
462. Relationship between bank and customer in case of goods left by mistake in custody of the bank: Trustee &
Beneficiary.
463. An account holder has died. The bank makes the payment to the nominee. The legal status of nominee is that of
a: Trustee for legal heirs
464. A minor has been admitted in the partnership firm for benefits of the firm. The minor wants to withdraw from the
firm on attaining majority. How much time is available to him to do so : 6 months from date of majority or 6
months from date of information to him that he was admitted for benefits, whichever is later.
465. Banks can ask for deposit of advance rent plus locker breaking charges in case of Locker for a period upto: 3
years.
466. As per recent RBI, pensioners can open account jointly with: Spouse, to be operated as either or survivor.
467. The R-returns are submitted by the banks to RBI on: Fortnightly basis
468. Apiculture relates to : Bee-keeping
469. A cheque written in different ink and handwriting is presented for payment : it will be paid if otherwise in order.
470. Which form will be used for allowing exemption to a depositor aged 61 years : Form 15 G.
471. For acquiring securities charged to the bank under SARFAESI Act, a notice of days is required to be sent to
the owner of the securities: 60 days.
472. The drawer of a cheque wants that the endorsee should not get a defect free title when he receives an endorsed
cheque. What type of crossing would be required: Not-negotiatiable crossing.
473. The crossing on a cheque is required to be cancelled. Who can do so: Drawer
474. A cheque signed by an agent is presented for payment, after his death. What will the paying bank do: Cheque will
be paid in normal course if it is not dated subsequent to date of his death.
475. A bank can sell its NPA account to another bank, if the NPA is held by the seller bank with it for month as
NPA : No lock in period.
476. Unutilised overdraft limit of a borrower is available and a Garnishee order is received : Order is not applicable.
r
477. In educational loan no collateral security or 3 party guarantee will be obtained, if the amount of loan is maximum
up to: Rs.7.50 lac.
478. NRE term deposit can be accepted by banks for a period of: 1 to 10 years.
479. A loan associated with a short duration crop, becomes substandard after remaining special mention account for a
period of: Two crop seasons
480. Interest subvention of 2% is available to banks from Govt. when the short term production loan is up to Rs. lac
in agriculture- short term credit, is allowed by banks at % rate of interest to farmer: 3 lac, 7%
481. Under Liberalized Remittance Scheme what is the maximum amount that can be remitted by a resident person: $
2.50 lac in a financial year.
482. If an SSI units holds a margin of Rs.25 lac and its projected Sales are Rs.400 lac, its working capital limit will be :
Rs.75 lac (margin being more, the limit will be lower by that amount).
483. Weaker persons of the society available deposit and loan services from banks, which is called : Financial
inclusion
th
484. ___ is observed by banks on 15 of the month : Customer day.
485. Minimum no. of days for which Term deposit can be made by banks : 7 days.
486. Appeal against the award given by the Ombudsman can be made by the bank within days of date of : 30
days , receipt of acceptance from the customer.
487. The format of cheque is prescribed in which Act : It is only a practice.
488. Net working capital is Rs.80,000. Current ratio is 3:1. What is the amount of Current Assets are : 1,20,000
489. While paying a bearer cheque, signatures are obtained on the back side of the cheque. Why ? : As evidence of
payment.
490. Bank note which is misprinted by RBI is replaced by issuing a note : Star series
491. Sales / Debtor ratio is called ratio. It indicates ____ : Debtor-turnover, efficiency of collection of debtors.
492. Current ratio indicates: Capacity of a firm to meet its current liabilities.
493. Conversion means: Interference with the legal rights of the true owner.
494. As per Official language policy for B region, branch target to reply in Hindi letter received in Hindi is : 100%
495. Provision for Standard accounts in direct agriculture and SME accounts is to be made at : 0.25%
496. Risk weight for Bill purchased under LC, for capital adequacy purposes is : 20%
497. What is the right of nominee in case of term deposit that has not matured : To obtain premature payment and not
raise loan against the security of such term deposit.
498. Pre-shipment credit is available in which type of letter of credit : Red clause.
499. The Quarterly financial results of companies and banks are to be declared / published under directions provided
by : SEBI
500. RBI injects liquidity through : Repo
501. Collateral security in case of PMEGP advances is exempt up to : Rs. 10 lacs.
502. What is full form of FRBM : Fiscal Responsibility & Budget Management Act
503. Relationship between bank and customer in case of goods left by mistake in custody of the bank: Trustee &
Beneficiary.
504. Legal status of nominee is that of a : Trustee for legal heirs.
505. A minor is admitted for the benefit of a partnership firm. He wants to withdraw from the firm on attaining majority.
How much time is available to him to do so : 6 months from date of majority or 6 months from date of information
to him that he was admitted for benefits, whichever is later.
506. Who cannot be a partners (a) HUF (b) illiterate (c) Blind person (d) company : HUF
507. Money to be deposited by A in the account of B. A has informed that B has become insane : Can be deposited
with consent of the family members (i.e. guardian)
508. Mortgagee enjoys the income of the mortgaged property in case of which mortgage : Usufructuary
509. Hypothecation becomes Pledge : When goods are given for possession to the bank by the borrower.
510. Which type of fraud case is not to be reported : Theft and burglary.
511. There is excess cash with the cashier while closing the cash balance in the evening. It is to be deposited in :
Sundries account excess cash received account.
512. Which document is required to be attested (witnessed): (a) Mortgage deed (b) Pledge agreement (c)
Hypothecation agreement : Mortgage deed
513. No. of bank branches in India is (a) above 40000 (b) above 50000 (c) above 60000 (d) above 70000 : Above
70000
514. A, B and C want to open a joint account with the provision that after death of any of them, the money should not
be paid to any legal heir, what mode of operation should be opened: Either or any of them
515. ECB can be raised under automatic approval by (a) companies (b) firms : Companies
516. Under SARFAESI Act 2002, the banks give notice for payment of due amount to the borrower / owner of charged
assets within days, otherwise action will be initiated u/s 13(2) of the Act : 60 days
517. When Ombudsman's award is accepted by the customer, the bank has is to implement the award within: 30
days.
518. Real Time Gross settlement system minimizes which risk: Systemic risk and settlement risk.
519. Loan assets are classified by the banks on the basis of : By status of recovery and security.
520. The minimum & maximum period of Certificate of deposit is : 7 days, 12 months.
521. Banks print cheque books having similar particulars. The format of cheque is prescribed by which Act : It is a
practice.
522. Which Crossing takes away the feature of assumption of defective free title available to the transferee : Not
negotiable
523. Bearer uncrossed cheque can be paid to whom : To the bearer.
524. In PMRY, what is the income criteria for borrower's family and borrower's parents: No criteria.
525. The increasing foreign exchange reserves in India are costly because: Funds are idle and it carries fluctuation
risk.
526. Who is appointed to tackle public complaints against the public authorities : Ombudsman.
527. What is NOSTRO: A bank's account abroad with another bank.
528. On, other than a negotiable instrument, what is the time period for payment of stamp duty, if the document is
executed outside India : 3 months.
529. FCNR (B) deposit can be accepted by banks in ______ currencies : All convertible curriencies.
530. May I help you counter is to be provided by bank branches other than : Small branches
531. Interest equalization scheme provides subvention on SME exporters to the extent of : 3%
532. A firm is allowed a limit of Rs.1.40 lac at 30% margin. It wants to avail the limit fully. How much will be the value
of security : Rs.2 lac.
533. Statutory Liquidity Ratio provisions for banks are as per Section_________of _____ : 24 (2), Banking
Regulation Act 1949
534. An NRI can open a joint account with a resident in case of accounts : Non-resident Ordinary.
535. What type of charge is applicable on loan against term deposits in a bank : Assignment.
536. RBI keeps on changing repo / reverse repo rate / CRR with the objective of : Regulation of liquidity to control
inflation.
537. Garnishee Order is not applicable on : Un-used cash credit or overdraft limit.
538. What is the periodicity for submission of R-Returns to RBI : Fortnightly
539. The facility of nomination is not available to Trust account because it is account : Non-individual.
540. Banks are required to make provision on standard assets at the rate of 0.25% on ____ & ___ accounts :
Direct agriculture and SME.
541. A person wants to open an account which his wife should be able to operate only after his death. What type of
account he should open : Former or survivor.
542. In B region, the reply to letters in Hindi is to be given to the extent of___% : 100%
543. Within Priority Sector target of 40% of ANBC or CEOBE, whichever is higher, the sub-target for Weaker section
is: 10%
544. In case of a jointly operated joint account, the nominee can obtain payment, when : None of the account holder is
alive.
545. Call money deposit is part of the _ sector: Organised sector.
546. The long term liability to tangible net worth ratio implies : Long term solvency of the firm or capacity of the firm to
pay long term debt.
547. Current ratio implies: Capacity of the firm to pay current liabilities.
548. Working capital requirement of a firm is required to be met through: Short term sources and surplus of long term
sources over long term uses.
549. Who cannot become a partner as per Supreme Court judgement: HUF.
550. What is the maximum period for which an account classified as sub-standard, can remain : 12 months.
551. A company wants to electronically pay the dividend to large no. of its shareholders, which include small amounts
also: Electronic Clearing Services - Credit (ECS-Credit).
552. The terms used for hiding money to avoid tax is: Money laundering.
553. A cheque is written in different hand-writings and different inks: It will be paid.
554. Opening of Non-resident accounts by ____ has been allowed by RBI : RRBs.
555. Bailment of goods by a person to another person, to secure a loan is called : Pledge.
556. When mortgage is created by a person by deposit of title deed orally, it is called mortgage: Equitable.
557. 'Buy now and Pay later' is the facility available under : Credit card
558. A financial statement that provides information regarding where the funds have come and where these have
been used, is called : Funds flow statement.
559. Who can open NRE account : NRI
560. The minimum capital adequacy ratio implemented in India, by RBI is ____% and as per Basel II
recommendations it _____% : 9%, 8%
561. A mandate holder for a current account has died and a cheque signed by him is presented for payment after his
death: The cheque shall be paid, if not dated subsequent to date of death or prior to the date of mandate.
562. The true owner of a cheque has been deprived his right by collection of the cheque for a different person. This is
called : Conversion.
563. A bank branch receives a counterfeit note of Rs.1000, which customer wants back. What the bank should do : To
be impounded and not to be returned in any circumstances.
564. Banks provide term loans and deferred payment guarantee to finance capital assets like plant and machinery.
What is the difference between these two : Outlay of funds.
565. Islamic banking has the features of : Conservative Banking.
566. When rate of interest is expressed by adjusting the impact of inflation, this is called : Real rate of Interest.
567. For the purpose of creation of equitable mortgage, the place for deposit of the title deed is notified by : State
Govt.
568. A prudent investor makes investment in shares on the basis of : Price-earning ratio.
569. When the rates are rising, the growing economy : Gains.
570. Banks can ask for deposit of advance rent plus locker breaking charges in case of Locker for a period up to: 3
years.
571. For FCNR (B) deposits, the exchange risk is born by: Bank, accepting such deposit.
DISCLAIMER
The contents in this booklet are based on information collected from various
sources which we believe to be reliable. However, we do not hold ourselves
responsible for any shortcomings or error therein.

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BHOPAL DATE : 08-04-2019

Booklet for Officers’ Test

The subject matter of the booklet is a rare collection and compilation of

C/O Oriental Bank of Commerce

Study Material – Promotion Test 2019

We wish the aspiring candidates all the success.

With best wishes,

B.C. Paunikar Sanjay Verma

General Secretary President

Our beloved institute OBC Zindabad

1 Important Points From Circulars 05

2 Important MCQs – Bank’s Deposit Schemes 24

3 Important MCQs – IT & DBD 38

4 Important MCQs – MSME CREDIT 49

5 Important MCQs – Recovery & Law 66

6 Important MCQs – Retail Credit 69

7 Latest – Whos Who 72

8 Interim Budget - 2019 77

9 Important MCQs – General & Financial Awareness 84

10 Important Recollected Questions 95

3. ATAL PENSION YOJANA: UPGRADE/ DOWNGRADE OF PENSION AMOUNT

Upto ₹2000/- Free Upto ₹ 10,000 ₹ 2.50

1. Existing vis-à-vis revised guidelines are as under:

 Only those accounts which are  No Change

 The Bank shall not participate in any

B2 Not mentioned Whenever vetting certificate is given by the Panel

Penal Interest As per guidelines of RBI.

Documentati As per Bank’s advances manual

Any other tangible security if available

21. RESTRICTION ON ISSUANCE OF CHEQUE BOOK FOR CURRENT A/C ( HO/CS&P/45/2018-19/896

c) For loans sanctioned on or after Annual Guarantee Fee (AGF) [% p.a.]*

Penalty Recovered from vendors

MCLR Benchmark Existing MCLR(%) Revised MCLR (%) w.e.f.

35. GUIDELINES FOR: 1. OBTAINING OF AADHAAR NUMBER FROM INDIVIDUAL BORROWER(S)/

Age limit 18-60 years has been revised to 18-65 years.

There will not be any conditions attached for OD up to Rs. 2,000/-

47 Guidelines on issuance of no due certificate (cir Ho RMD/83/2018-19/644 dt. 17-11-2019)

over a period of 1Year

over a period of 2 years

over a period of 5 year

Ans : over a period of 2 years

3 Is Sending letter of Thanks to the customer is mendatory

Branch will initiated the process of making his KYC document

Branch cannot open the account without KYC Documentation.

Branch can open the account in SB222, without KYC Documentation.

Branch can open the account in SB212 Scheme

Current Account for special Activities

Current A/c & Saving Account

Capital Gain saving Account

Current account with interest facility

Ans: Current A/c & Saving Account

6 Which one is incorrect for CASA accounts

CASA includes Current Account & Saving Account

Customer Base is increased

Interest Free Deposits are available for Bank

They are the source of low cost deposits

Ans: Interest Free Deposits are available for Bank

Rs. 5000 & Rs. 2000

Rs. 2000 & Rs. 5000

Rs. 5000 & Rs.10000

Rs. 10000 & Rs. 5000

Ans : Rs. 5000 & Rs. 2000