PROMOTION TEST 2021-22

CIRCULAR BASED MCQs SERIES-49

1. National Portal – a single platform for all Credit Linked Government Schemes
developed by……………….., URL for National Portal is : …………………?
( 691/2021 )
ANS : Online PSB Loans Ltd , www.jansamarth.in/home
2. All Education Loans sanctioned up to a limit of Rs……………. lakhs without any
collateral security/third party guarantee are eligible for coverage under
Credit Guarantee Fund Scheme for Education Loan (CGFSEL). ( 694/2021 )
ANS : Rs. 7.50
3. Skill Loans sanctioned up to a limit of Rs……………… lakhs without any
collateral security/third party guarantee are eligible for coverage under
Credit Guarantee Fund Scheme for Skill Development Loan. ( 694/2021 )
ANS :Rs. 1.50
4. Block or Unblock of CANDI Mobile Banking App services through
……………………..is now available. ( 695/2021 )
ANS ; Internet Banking Lite Version
5. Locking Internet Banking Services through …………….from Registered Mobile
Number of the customer. ( 695/2021 )
ANS : SMS
6. The customer can now lock their Internet Banking User ID and BLOCK UPI
services by sending ……………from their Registered Mobile Number.
( 695/2021 )
ANS : SMS
7. New feature for Mobile Banking Activation through ………………in addition to
the existing activation process via Debit card is now introduced. ( 696/2021 )
ANS : Branch Channel
8. New Services under Doorstep Banking introduced, Introduction of Financial
Transactions i.e. cash withdrawal and cash deposit services with threshold
limit of minimum Rs. …………/- and maximum Rs. ………………/- per
transaction. ( 699/2021)
ANS : Rs. 1000 , Rs. 10000
9. To commemorate the 1st Anniversary of PSB-Alliance-Doorstep Banking
Services, ……………….request will be a new service introduced under pickup
service type in Doorstep Banking product. ( 699/2021)
ANS : Nomination
10. As per New Services under Doorstep Banking, Customers can avail Maximum
cumulative fund transfer limit, funds transfer facility permitted up to Rs.
…………………../- ( 699/2021)
ANS : Rs. 25000
11. The payment of service charges to Car Dealers and Sales Executives, i.e.,
………….% of loan amount with a max of Rs. ……………./- and Rs.
……………../- respectively, can be made flexible between both within the
overall permissible cap. ( 700/2021)
ANS : 1.30 , Rs. 50,000 , Rs. 1,500
12. The payment of service charges to Car Dealers and Sales Executives ,
permitted by …………….Head. ( 700/2021)
ANS : RO
13. As per the directions of top management, every year ……………………is
being observed as “SHG Credit linkage month” by identifying and financing
targeted number of SHGs. ( 701/2021 )
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 ANS : One month in each quarter (May, August, November & February)
14. For VISA cards, billing cycle and payment due date is of every month
respectively. ( 702/2021 )
ANS : 20th & 10th
15. In case of “ CREDIT CARD “ , Revolving Credit facility & EMI facility will be
disabled upon ……………..consecutive delinquencies (default) and entire
card liability will be demanded in the ensuing billing. ( 702/2021 )
ANS : Two
16. Carried over liability in the CREDIT card account will attract service charges
@ ………….% per month + applicable tax, till clearance. ( 702/2021 )
ANS : 2.5
17. Levying of charges on card overdue, For unsuccessful payment instructions Rs
………….. plus applicable tax will be levied per occasion as per prevailing fee
structure. ( 702/2021 )
ANS : Rs. 250
18. Once CREDIT card overdues completes 90 days past due and slips to NPA,
the NPA Card liability will be transferred to CBS under product code
…………..attached to the DP code of the Card issuing branch. ( 702/2021 )
ANS : 1170
19. BO Report ………………. of Credit card NPA under product code 1170 is
enabled for Branches/RO/CO. ( 702/2021 )
ANS : 281134
20. Cut Off Limit for follow up of standalone Credit Card NPA accounts, Book
Liability up to Rs 2.00 lakh with ……………..? ( 702/2021 )
ANS : RO
21. Cut Off Limit for follow up of standalone Credit Card NPA accounts, Book
Liability above Rs 2.00 lakh with ……………..? ( 702/2021 )
ANS : CO
22. Commission payable on the amount recovered on entrusting recovery of
NPA accounts to Recovery agents, In case of Sub-standard accounts
is……………? ( 702/2021 )
ANS : 3%
23. Commission payable on the amount recovered on entrusting recovery of
NPA accounts to Recovery agents, In case of Loss Asset /Bad Debts Written
Off accounts is…………… & Maximum fee per card account is Rs.
…………lakh ? ( 702/2021 )
ANS : 10% Rs. 1 lakh
24. Credit Cards which are not NPA/deemed NPA and in active status
(unblocked) with no overdue liability as on the ……………….will be
automatically renewed. ( 702/2021 )
ANS : last day of previous month of card expiry
25. Credit Cards which are not used at least once for ………….. months
preceding to the penultimate month of card expiring month (when data for
automatic card renewal is processed) will not be renewed automatically.
( 702/2021 )
ANS : 12
26. Under OTS Scheme For Standalone Credit Card Liability- Loss Asset Accounts
With Book Liability Up To Rs 5.00 Lakhs, Minimum ……………..% of the OTS
amount shall be recovered at the time of entertaining the compromise
settlement and balance within a maximum of ……………..Months .( 702/2021 )
ANS : 10-15 , 3

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27. A new Retail Term Deposit scheme named ………………..is introduced w.e.f
01.11.2021, to commemorate 75th Independence Year of the country (Azadi
ka Amrit Mahotsav). ( 702/2021 )
ANS : “CANARA AMARIT - 75”
28. A new Retail Term Deposit scheme named “CANARA AMARIT - 75” is
introduced w.e.f 01.11.2021, Additional rate of interest of …………% is payable
for all eligible deposits. ( 702/2021 )
ANS : 0.15
29. A new Retail Term Deposit scheme named “CANARA AMARIT - 75” is
introduced w.e.f 01.11.2021, Minimum amount of deposit is ₹ …………………./-
( 702/2021 )
ANS : Rs. 1,00,000
30. A new Retail Term Deposit scheme named “CANARA AMARIT - 75”, Interest
can be paid on …………….basis. Interest paid on monthly & quarterly basis will
be simple rate of interest. ( 702/2021 )
ANS : monthly / quarterly / maturity.
31. Deposits in the “Canara Amrit-75” product shall be accepted till ………..or till
the date Management decides (later). ( 702/2021 )
ANS : 26.01.2022
32. SMS/Email alert will be sent to the customer ……………. days prior to the due
date of the maturity informing about the maturity under Deposits “Canara
Amrit-75” ( 702/2021 )
ANS : 15
33. The Scheme would be applicable to all credit facilities sanctioned under
CGSSD for a maximum period of ……………… years from the guarantee
availment date or March 31, 2022 whichever is earlier, or till an amount of Rs
…………crore of guarantee amount is approved. ( 706/2021 )
ANS : 10 , Rs. 20,000
34. Branches / Offices shall account Government Business Income (Commission &
GST) under ……………….option in CBS through IGL …………….. ( 707/2021 )
ANS : GSX02 , 320020914.
35. RBI on its Monetary Policy meeting dated 08th October 2021 has instructed all
IMPS member Banks to increase the per transaction IMPS limit from Rs. 2 Lakhs
to Rs. 5 Lakhs. ( 710/2021 )
ANS : Rs. 5 lakh
36. Bank is having a tie-up with ……………..by entering into Memorandum of
Understanding (MoU) for financing 4-Wheelers of M/s Honda Cars India
Limited and our Bank will enjoy the status of………………? ( 711/2021 )
ANS : M/s Honda Cars India Limited (HCIL), “PREFERED FINANCIER
37. Branches can utilize the Tie up arrangement with ……………….for garnering
fresh business under the Canara Vehicle Loan segment , where our Bank will
enjoy the status of ……………..? ( 712/2021 )
ANS : M/s Maruti Suzuki India Limited , “PREFERRED FINANCIER”.
38. For borrowers, where the exposure of the banking system is less than ₹
…………. crore, there is no restriction on opening of current accounts.
( 713/2021 )
ANS : Rs. 5 crores
39. In respect of borrowers where exposure of the banking system is ₹ ………….
crore or more, such borrower can maintain current accounts with any one of
the Banks with which it has CC/OD facility, provided that the bank has at
least …………… per cent of the exposure of the banking system to that
borrower. ( 713/2021 )

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 ANS : Rs. 5 crores, 10%
40. FETERS purpose code …………….is to be invariably used while processing MTT ,
MERCHANTING TRADE TRANSACTIONS (Bill/Remittance) in CBS. ( FX/64/2021 )
ANS : P0108 / S0108
41. Entire MTT (MERCHANTING TRADE TRANSACTIONS ) should be completed
within an overall period of 9 months & there should not be any outlay of
foreign exchange beyond …………..months ( FX/64/2021 )
ANS ; 9 , 4
42. Illiterate pensioners are not eligible to avail DSB Services for submission of Life
Certificate. Statement TRUE / FALSE ? ( 715/2021 )
ANS : TRUE
43. Under “ DSB “ services, In case Finger Print Authentication fails due to poor
finger print quality/server error despite 3 attempts, there is a provision of
submitting physical Life Certificate form by the Agent to the Branch,
called……………………….? ( 715/2021 )
ANS : Fall Back Mechanism
44. Customers Fortnight is being observed every year in addition to the
Customers' Day being observed on ……………of every month. ( 716/2021 )
ANS : 15th
45. Department Of Pension & Pensioners' Welfare, GOI has initiated the process of
obtention of Life Certificate through ………………facility on account of
pandemic situation under Ease of Banking Reforms. ( 717/2021 )
ANS : VCIP
46. CCIL’S FX- RETAIL TRADING PLATFORM offers trading in CASH, TOM, SPOT, and
FORWARD instruments upto a period of …………. months in the USD/INR
currency pair.
ANS: 13
47. CCIL’S FX- RETAIL TRADING Platform enables the customers to book contracts
in Cash (same day settlement), Tom (next day settlement), Spot …………….?
( FX/66/2021 )
ANS : T+2 day settlement .
48. Under TRADING FEATURES OF THE FX-RETAIL PLATFORM, No transaction
charges shall be levied by CCIL to the customers, for transactions below
USD………….., per day. ( FX/66/2021 )
ANS : 50,000
49. Under TRADING FEATURES OF THE FX-RETAIL PLATFORM , A transaction charge
of …………….% shall be charged by the CCIL for transactions in excess of USD
50,000, per day. ( FX/66/2021 )
ANS : 0.0004%
50. Branches/Offices shall note that the Integrated Treasury Wing, Mumbai is the
sole Trading Branch for our Bank and our bank customers are required to
enter the Trading Branch IFSC Code as ………………at the time of registration.
( FX/66/2021 )
ANS : CNRB0001197
51. Customers can send an online request through …………………………for
revision/setting of new limits. ( FX/66/2021 )
ANS ; CCIL’s FX-Retail Trading platform
52. Based on the information received from Dealing room, Branches/Offices shall
have to follow up with their customers for the transactions done in CCIL’s FX-
Retail Trading platform and after scrutiny of the underlying documents shall
process the transaction in………………………….? ( FX/66/2021 )
ANS : FX4U (DMS for forex transactions)

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53. ………………..shall be the Nodal Office for forex matters to seek
clarification/take up the proposal seeking permission from RBI (Regional
Office as well as Central Office). ( FX/67/2021 )
ANS ; S & P Section
54. Branches shall seek prior clearance from Forex Dealing room, Integrated
Treasury Wing, Mumbai through email before accepting/ renewing any
FCNR/RFC deposit of ……………….& above. ( FX/68/2021 )
ANS : USD 1 million
55. Employees/Ex-employees/ Ex-employee Senior citizens are not eligible for
preferential interest rate for RFC Deposits, Statement TRUE / FALSE ?
( FX/68/2021 )
ANS : TRUE
56. Now there is exemption of the requirement of obtention of prior approval
from…………………., for financing to Aviation and Gems & Jewellery Sectors
under Guaranteed Emergency Credit Line (GECL) Scheme, under 100% credit
guarantee coverage of M/s. NCGTC Ltd. ( 725/2021 )
ANS : Management Committee of the Board
57. SERVICE CHARGES are waived to our Ex-employee pensioners and their
family pensioners who submit their Life Certificate through Doorstep Banking
(DSB) facility during the period from 01/11/2021 to 31/12/2021, TRUE / FALSE ?
( 726/2021 )
ANS : TRUE
58. “Crop Insurance Week” is to be celebrated under Azaadi Ka Amrit Mahotsav
-India@75 campaign during ………………for Rabi season. ( 729/2021 )
ANS : 1st -7 th December 2021
59. Rate of Interest for Agricultural Gold Loan Schemes is ………………MCLR of the
Bank, presently ……………….% p.a. ( 731/2021 )
ANS : One year , 7.25
60. The latest Rate of Interest for Canara MSME Gold Loan schemes is
………………..? ( 731/2021 )
ANS : RLLR@ 6.90%+0.35% i.e. 7.25% p.a.
61. Uploading/Forwarding of complete claim documents under PMJJBY & PMSBY
within ………………days of receipt of claims. ( 731/2021 )
ANS : 7
62. . TAT prescribed is ……………….days from the date of receipt of PMJJBY &
PMSBY claims papers from the claimants. ( 731/2021 )
ANS : 14
63. PMJJBY & PMSBY claims are settled by M/S …………………..? ( 732/2021 )
ANS : Bajaj Allianz General Insurance Co limited
64. All loans to units in the KVI sector will be eligible for classification under the
subtarget of ………………percent prescribed for Micro Enterprises under
priority sector. ( 705/2021 )
ANS : 7.5
65. wherever the employees of our Bank are sanctioned loans linked to RLLR, the
Credit Risk Premium applicable to these loans will continue to be the same as
applicable to …………………..( 705/2021 )
ANS : Low Risk Grade (CS:1) customers.

P D TAYADE , Sr Manager, Faculty, L & DC, MUMBAI.

November, 11th, 2021, ( 9604179861 )

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