QUESTIONS AND ANSWERS – SERIES 2016 – VOLUME 6 – DATE 19.04.

2016

1. According to Regulation ____________of Punjab National Bank Officer

Employees’ (Conduct) Regulations, 1977, no officer employee shall bring or
attempt to bring any political or other outside influence to bear upon any superior
authority to further his interests in respect of matters pertaining to his service in
the Bank.
a. 12
b. 13
c. 14
d. 15
2. All branches must get Electrical Audit conducted as per the instructions given by
____ Division / ( s ).
a. GSAD
b. GBD
c. Inspection & Control
d. both a and b
3. Branches can issue RuPay Magstripe classic Non-Personalized cards in SBBDA
accounts with card type “RU” upto ___________
a. 30.09.2017.
b. 31.03.2016.
c. 31.03.2017.
d. 30.09.2016.
4. Indian Banks Association (IBA) circulated a set of Standard Covenants to be
stipulated at the time of sanction of credit facilities by the bank that comprises of
a. Mandatory covenants
b. Mandatory negative covenants
c. both a and b
d. None of the above
5. In terms of Standard Covenants, in a borrowal account, the following events may
attract penal interest/charges as applicable
a. Delay in submission of stock statements after 10th of the following month
b. Non submission of Audited Balance Sheet within 8 months of closure of
financial year
c. Non submission of review/renewal data at least one month prior to due
date
d. all the above
6. Under the Liberalized Remittance Scheme, all resident individuals, including
minors, are allowed to freely remit up to USD 2,50,000 per financial year (April –
March)
a. for any permissible current account transaction
b. for any permissible Capital account transaction
c. either a or b or a combination of both a and b
d. None of the above
7. Reserve Bank of India has come out with Master Direction – LRS on 1 st January
2016 and subsequent directions requiring that the transactions relating to LRS are
to be reported under respective FETERS purpose codes . The codes are____ in
number.
a. 20
b. 21
c. 22
d. 25
8. The banks having currency chests should ensure conducting of Fire Audits
__________ from the District Fire Department.
a. Bi-annually
b. Annually
c. Half yearly
d. Quarterly
9. Banks may ensure that working condition of the Hotline and other security related
gadgets viz. access control, CCTV etc. are checked once in a __________ by the
Currency Chest Officials.
a. Week
b. Fortnight
c. Month
d. Day
10. The objective of the Stand-Up India Scheme is to facilitate bank loans between Rs.
10 lakh to Rs. 100 lakh to at least one Scheduled Caste (SC) or Scheduled Tribe (ST)
borrower and at least one Woman borrower per bank branch of all scheduled
commercial banks for setting up of
a. an enterprise in manufacturing, services or the trading sector
b. a Greenfield enterprise
c. has to be a and b
d. either a or b
e.
With Best compliments
MV Rangacharyulu
Senior Faculty

ANSWERS
1.a 2.d 3.d 4.c 5.c 6.d 7.b 8.a 9.b 10. c