Super Hot Questions Bank

PROMOTION MADE EASY & FAST
SUPER HOT QUESTIONS – NOV :2021

(COLLECTIONS OF QUESTIONS BASED ON RECALLED & EXPECTED IN ONE LINER FORM)
Last 02 hour before Exam for Revision & Guranteed to Get Good Marks
S. NO CONTENTS PAGE
1. LATEST BANKING, ECONOMY & FINANCE 01-04
2. LATEST RECALLED & EXPECTED QUESTIONS 05-29
3. SUBJECTWISE RECALLED & EXPECTED QUESTIONS 30-55
Compiled by
Sanjay Kumar Trivedy
Divisional Manager, Canara Bank, Regional Office, Nagpur-1 (Maharashtra)
1. LATEST CHANGES IN BANKING,ECONOMY & FINANCE
Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) October 6-8, 2021
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee
(MPC) at its meeting on Oct 8th , 2021 decided to keep the policy repo rate under the liquidity adjustment facility (LAF)
unchanged at 4.0 per cent. The reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal
standing facility (MSF) rate and the Bank Rate at 4.25 per cent.
These decisions are in consonance with the objective of achieving the medium-term target for consumer price index
(CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
Policy Rates :
Policy Repo Rate 4.00% Base Rate 7.30% - 8.80%
Reverse Repo Rate 3.35% MCLR (Overnight) 6.55% - 7.00%
Bank Rate/MSF Rate 4.25% Savings Deposit Rate 2.70% - 3.00%
Term Deposit Rate > 1
CRR 4.00% 4.90% - 5.50%
Year
SLR 18.00%
Total Reserves (As on 29.10.21) US$ 642.02 billion Foreign Currency Assets US$ 578.46 billion
(As on 29.10.21)
Major Highlights of Union Budget 2021-22
Tax proposals:
ITR filing not mandatory for senior citizens above 75 years, banks to deduct TDS.
Time bar for reopening I-T assessment cases halved to 3 years, for serious frauds it is 10 years.
Income tax return filers increased to 6.48 cr in 2020 from 3.31 cr in 2014.
Agri infra cess of 2.5 % on gold, silver and dore bars; 35 % on apples.
Agri infra cess of 30 % on Kabuli chana, 10 % on peas, 50 % on Bengal gram/chickpeas, 20 % on lentil
(mosur); 5 % on cotton.
Rs 2.5 per litre agri infra cess on petrol, Rs 4 on diesel.
New Agri Infra Development Cess to be applicable from 2February 2021.
Tax deptt. to notify rules to remove hardships of double taxation faced by NRIs.
Tax holiday for startups, capital gains exemption extended by 1 yr.
Tax exemption for aircraft leasing cos; tax exemption for notified affordable housing for migrant workers.
Rs 1.5 lakh tax deduction on payment of interest for affordable housing extended by 1 yr.
Exemption from tax audit limit doubled to Rs 10 cr turnover for companies doing most of their business
through digital modes.
Proposes review of over 400 customs duty exemptions; to begin extensive consultation from October 2021.
Customs duty on certain auto parts, solar equipment raised.
a) Increasing FDI in Insurance: Increase in the permissible FDI limit from 49% to 74% and allowed foreign ownership and
control with safeguards.
b) Stressed Asset Resolution: Asset Reconstruction Company Limited and Asset Management Company to be set up.
c) Recapitalization of PSBs:Rs. 20,000 crore in 2021-22 earmarked to further consolidate the financial capacity of PSBs.
d) Deposit Insurance: Deposit insurance increased from Rs. 1 lakh to Rs. 5 lakh for bank depositors.
e) Minimum loan size eligible for debt recovery under the SARFAESI Act, 2002 proposed to be reduced from Rs. 50 lakh
to Rs. 20 lakh for NBFCs with minimum asset size of Rs. 100 crore.
Company matters: To decriminalize the Limited Liability Partnership (LLP) Act, 2008.
• Easing Compliance requirement of Small companies by revising their definition under Companies Act, 2013 by
increasing their thresholds for Paid up capital from ‘not exceeding Rs. 50 Lakh’ to ‘not exceeding Rs. 2 Crore’ and
turnover from ‘not exceeding Rs. 2 Crore’ to ‘not exceeding Rs. 20 Cr’.
• Promoting Start-ups and Innovators by incentivizing the incorporation of One Person Companies (OPCs):
• Reducing the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days, and
• Allowing Non Resident Indians to incorporate OPCs in India.
• The Budget proposes to ensure faster resolution of cases by:
• Strengthening National Company Law Appellate Tribunal framework.
• Implementation of e-Courts system.
• Introduction of alternate methods of debt resolution and special framework for MSMEs.
Compiled by Sanjay Kumar Trivedy, Divisional Manager, Canara Bank, Regional Office, Nagpur -1 1|P a g e
VARIOUS SB ACCOUNTS
NATURE MINIMUM AVERAGE MONTHLY BALANCE w.e.f.01.04.2015.
SAVINGS BANK A/C Rural Semi Urban Urban/Metro
a. Savings Bank Account (with cheque Book facility) Rs.500/- Rs.1000/- Rs1000/-
b. Savings Bank Account (without cheque Book facility) Rs.500/- Rs.1000/- Rs1000/-
c. Canara Basic Savings Bank Deposit Account NIL NIL NIL
d. Canara Small Savings Bank Deposit Account NIL NIL NIL
e. Canara NSIGSE (National Scheme of Incentive to Girls for NIL NIL NIL
Secondary Education) Savings Bank Deposit Account
Canara Payroll package scheme-131 & Galaxy-136- Only Initial Deposit is Zero ie at the time of Opening.
Cir No. 69/21 & 540/21 : Revision in Interest Rates on Domestic & NRO Term Deposits w.e.f. 09.08.2021
Less than Rs.2 Crore Rs.2 Crore to less than Rs. 10
PERIOD OF DEPOSIT Crore #
Gen Public Sr Citizen Callable Non Callable ++
7 days to 45 days * 2.90 2.90 2.90 NA
46 days to 90 days 3.90 3.90 3.10 3.10
91 days to 179 days 3.95 3.95 3.25 3.25
180 days to less than 1 year 4.40 4.90 3.25 3.25
1 year only 5.10 5.60 3.65 3.65
Above 1 year to less than 2 years 5.10 5.60 3.65 3.65
2 years & above to less than 3 years 5.10 5.60 3.65 3.65
3 years & above to less than 5 years 5.25 5.75 3.40 3.40
Canara Unique “ 1111 Days” 5.35 5.85 NA NA
5 years & above to to 10 years 5.25 5.75 3.40 No Quotes @
May be opened in FD/KD by individuals/NRO/HUF. No loan against the deposit and Not to be accepted as collateral
security. No closure before maturity except death claim settlement.
Bulk Deposit - Single rupee term deposit of Rs. 2 crores and above is called bulk deposit. Branch can accept single Term
Deposit of less than Rs 10 crores at the card rate without referring to business planning section, S P &D wing,
Launch of “Canara Amrit-75” - New Retail Term Deposits Product for 75 Months  Scheme is for limited period and
available for the amount slab of less than ₹ 2 Crore only  For 75 months.  Additional rate of interest of 0.15% is payable
for all eligible deposits.  Minimum amount of deposit is ₹ 1,00,000/-  Auto renewal facility not available under this
product.  All other guidelines regarding penalty and preferential interest rates to Senior Citizen and Employees/ex-
employees of the Bank as per prevailing guidelines for Domestic term deposits
Launch of “Canara Unique” - New Retail Term Deposits Product for 1111 days
Scheme is for limited period and available for the amount slab of less than ₹ 2 Crore only for 1111 days. Additional rate
of interest of 0.10% is payable for all eligible deposits. Interest is payable on maturity or quarterly.  Minimum amount
of deposit is ₹ 25,000/-  Auto renewal facility not available under this product.  All other guidelines regarding penalty
and preferential interest rates to Senior Citizen and Employees/ex-employees of the Bank as per prevailing guidelines for
Domestic term deposits (Ref. HO Cir 234/2019). “Canara Unique” - Retail Term Deposits Product for 1111 days
scheme extended from 01.07.2021 to 31.03.2022 with existing features
Bank has revised ROI on Tax saver deposit (for 5 years) at 5.25% from 09.08.2021. Senior Citizens are eligible for
0.5% and employees/ex-employees/ senior citizen ex-employees are eligible for 1% additional interest only.
Cir no. 540/21 (70/21) Revision in Interest Rates on NRE Term Deposits w.e.f. 09.08.2021
NON-RESIDENT ACCOUNTS
a. NRO – all maturities Same as applicable to Domestic Term Deposits
b. NRE –Term deposits Rate of interest (%) per annum
Period of Deposit Less than Rs.2 Crore Rs. 2 Crore & above to less than
(w.e.f. 09.08.2021) Rs. 10 Crore (w.e.f. 09.08.2021)
1 year only 5.10 3.65
Above 1 year to less than 2 yrs 5.10 3.65
2 yrs & above to less than 3 yrs 5.10 3.65
3 yrs & above to less than 5 yrs 5.25 3.40
5 yrs & above to 10 yrs 5.25 3.40
FX-68/21 ( 60,56,45,41,35,28,24,18,09,02)- REVISION IN INTEREST RATES ON FCNR (B) DEPOSITS/ RFC DEPOSITS
W.E.F. 07.11.2021 :
A. FCNR [B] deposits of amount less than USD 1 million (or its equivalent in other currencies) for the year one year
to five years terms and currency of deposits USD/GBP/EURO/CAD/AUD w.e.f. 07.11.2021
Interest rates on FCNR (B) Deposits w.e.f. 07.11.2021 (Interest rate % per annum)
CURRENCY OF 1 Year and above 2 years and 3 years and 4 years and Five years only
DEPOSIT but less than 2 above but less above but less above but less
years than 3 years than 4 years than 5 years
USD 0.77 1.14 1.42 1.59 1.71
GBP 1.05 1.41 1.49 1.49 1.46
EUR NIL NIL 0.10 0.18 0.24
CAD 0.70 1.74 1.98 2.08 2.14
AUD 0.68 1.30 1.63 1.88 2.01
B.RFC Term Deposits of amount less than USD 1 million (or its equivalent in other currencies) for one month to three
years term, RFC Saving Bank deposits and currency of deposits USD/GBP/EURO/CAD/AUD
Interest rates on RFC Deposits w.e.f. 07.11.2021 (Interest rate % per annum)
PERIOD OF DEPOSIT CURRENCY OF DEPOSITS
USD GBP EUR CAD AUD
SAVINGS BANK NIL NIL NIL NIL NIL
1 month & above but less than 3 months NIL NIL NIL NIL NIL
3 months & above but less than 6 months 0.09 NIL NIL 0.02 NIL
6 months & above but less than 1 year NIL 0.23 0.03 NIL NIL
1 year & above but less than 2 years 0.77 1.05 NIL 0.70 0.68
2 years & above but less than 3 years 1.14 1.41 NIL 1.74 1.30
3 years only 1.42 1.49 0.10 1.98 1.63
❖ No penal cut for FCNR (B) deposits opened/ renewed on or after 19.11.2021,if closed before maturity after
completion of minimum period of one year. ❖ Interest rate payable for such deposit closed before maturity shall be
the rate of interest applicable for the period run, ruling as on the date of deposit (or) on the date of seeking
premature withdrawal, whichever is lower ❖ No interest is payable for closure of FCNR (B) deposits before
completion of minimum period of one year. ❖ If the FCNR(B) deposit is closed before maturity before completion of
the minimum period of deposit i.e., one year from the effective date of deposit, no interest is payable on such
prematurely closed deposit. ❖ If FCNR (B) deposit is closed before maturity on or after completion of the
stipulated minimum period of deposit of 1 year, the rate of interest payable on such prematurely closed deposit shall
be 1% less than the stipulated rate of interest applicable to FCNR (B) deposit for the period run, as ruling on the
date of deposit ❖ If FCNR (B) deposit is closed before maturity on or after completion of the stipulated minimum
period of deposit of 1 year, for reinvestment in FCNR (B) deposit in other permitted currencies (i.e., USD, GBP, EUR,
AUD, CAD), the rate of interest payable on such prematurely closed deposit shall be 0.50% less than the rate applicable
for the period run, as ruling on the date of FCNR (B) deposit.
Cir no. 722/21 ( Other Circulars -660,595,537,486,454,440,377,290,217,125,80,67,36 &17))
RATES OF INTEREST ON RUPEE LOANS AND ADVANCES (MCLR, RLLR, STRLLR, EBLR1) w.e.f. 07.11.2021
Benchmark Lending Rates for Rupee Loans and Advances w.e.f. 07.11.2021
Existing Rate w.e.f.
S.No. Rate Tenor
Rate (%) 07.11.2021 (%)
Overnight MCLR 6.55 6.55
One Month MCLR 6.55 6.55
1 MCLR Three Month MCLR 6.85 6.85
Six Month MCLR 7.20 7.20
One Year MCLR 7.25 7.25
2 RLLR 6.90 6.90
3 STRLLR 4.00 4.00
4 EBLR1 6.25 6.30
A.) MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR):

With effect from 01.04.2016, Bank has introduced Marginal Cost of Funds based Lending Rate
(MCLR) in tune with RBI guidelines. Branches/Offices shall refer to Circular Nos.185/2016 dated 01.04.2016 and
200/2016 dated 06.04.2016 for guidelines on MCLR linked interest rates. HO Circular 166/2020 dated 24.03.2020
wherein the Benchmark Lending rates for the amalgamated entity are specified. The above MCLRs shall be
applicable only to new loans / advances sanctioned / first disbursement made on or after 07.11.2021 and
those credit facilities renewed / reviewed / reset undertaken and where switchover to MCLR linked interest rate
is permitted at the option of the borrower, on or after 07.11.2021
B.) REPO LINKED LENDING RATE (RLLR):
With effect from 01.10.2019, Bank has introduced Repo Linked Lending Rate for loans under MSME & Retail Sectors.
Branches / Offices shall refer to HO Circulars 501/2019 dated 30.09.2019 and 550/2019 dated 22.10.2019 for
guidelines on RLLR interest rates, HO Circular 166/2020 dated 24.03.2020 wherein the Benchmark Lending rates
for the amalgamated entity are specified.
External benchmark linked lending rates for the existing loan accounts of the erstwhile Syndicate Bank shall be
as under:
Category Regime Existing Revised Rates
Rates w.e.f. 07.11.2021
Housing Loan External Benchmark Linked 6.70 % 6.70 %
Retail Loan (other than Housing Prime Rate (EBPLR) # 6.90 % 6.90 %
Loan)
MSE Loan 7.10 % 7.10 %
RLLR linked Loan Repo Linked Lending Rate 6.75 % 6.75 %
prior to 01.10.2019 (RLLR)#
# No fresh lending is permitted in these rate regimes.
C.) SHORT TERM REPO LINKED LENDING RATE (STRLLR): Bank has introduced Short Term Repo Linked Lending
Rate (STRLLR) with Policy Repo Rate as benchmark for certain category of customers and advances & it will
continue the present STRLLR of 4.00% until further review.
D.) EXTERNAL BENCHMARK LENDING RATE (EBLR1): Bank has introduced External Benchmark Lending Rate
(EBLR1) with 1-year G-sec par yield as benchmark for medium term tenor advances to certain category of
customers & it will 6.30%, w.e.f. 07.11.2021 until further review.
Base Rate for rupee loans and advances w.e.f. 07.01.2021 On reviewing the BASE RATE of the bank, the competent
authority has permitted reduction in the present base rate from 9% to 8.90% till further review with effect from
07.01.2021
GOI KEEPS THE INTEREST RATE ON SMALL SAVINGS SCHEMES UNCHANGED FOR Q3: Central Government has kept the
interest rates on Small Savings Schemes unchanged for Oct to Dec 2021 for various small savings schemes will be;
Scheme Revised Rate of Interest Compounding

frequency
Senior Citizen Savings Scheme (SCSS) 7.4 % p.a. Quarterly and paid
Public Provident Fund Scheme (PPF) 7.1 % p.a. Annually
Kisan Vikas Patra (KVP) 6.9 % p.a. (will mature in 124 months) Annually
Sukanya Samriddhi Account Scheme 7.6 % p.a. Annually
Reserve Bank of India, vide their Notification No: RBI/2021-22/07 DGBA.GBD.No. S2/31.12.010/2021-22 dated
01.04.2021 has issued the Master Circular on conduct of government business by agency banks which is updated till
March 31, 2021.According bank has issued subject circular. Banks receives following commission on conduct of
government business :
Sl No Type of Transaction Unit Revised Rates

1 Receipts - Physical Per transaction Rs 40/-
2 Receipts – e-mode Per transaction Rs 9/-
3 Pension Payments Per transaction Rs 75/-
4 Payments other than Pension Per Rs 100 turnover 6.5 Paise PER 100
Government Business transactions, our Bank is earning : Rs 100/- for each Atal Pension Yojana (APY) account opened by
the branch, Rs 200/- for each National Pension System (NPS) account opened through SAS package / our Corporate
website and Rs 125/- for each e-NPS account opened through NSDL Site.
2. RECALLED & EXPECTED QUESTIONS OF 2021
1. Under Gold Monetization Scheme, what is the minimum and maximum deposit of Gold of 995 fineness? Ans: minimum
30 grams and maximum no ceiling.
2. Under Sovereign Gold Bond Scheme (7, 8, 9, 10 series), what is the minimum and maximum permissible investment :
Ans: Minimum 1 gram and maximum 4 kilograms per financial year for individuals and HUFs, 20 kilograms for Trusts
and similar organisations.
3. What is the interest rate payable on Sovereign Gold Bonds: Ans: Fixed 2.5% per annum payable semi-annually.
4. What is the liability of members of HUF if Karta incurred debt?: Ans: Co-parceners are liable to extent of their share.
5. Small LLPs are those LLPs with a contribution of Rs.5 crore and turnover less than Rs.____ Ans: Rs.50 crores.
6. RBI has enhanced limits for contactless card payments from Rs.2,000 to Rs._____ effective from 1st January 2021 and
will be at the discretion of the user: Ans: 5,000
7. In case the locker was hired _______with the instructions to operate it under joint signatures, and the locker hirers
nominates any other individual, in the event of death of any of the locker hirers, the bank shall give access of the
locker and the liberty to remove the contents jointly to the survivors and the nominees after an inventory was taken.
Ans: jointly
8. With effect from Sept. 01, 2021, an incentive of Rs.65/- per bag for distribution of coins (instead of Rs.25/- as
earlier) will be paid on the basis of net withdrawal from Currency Chest. Additional Rs.____ per bag will be paid for
distribution of coins in Rural /Semi urban areas. Ans: Rs.10/-
9. What is the incentive payable by RBI for adjudication of Mutilated Notes: Ans: Rs.2 per piece
10. As per Revised Guidelines on Video Based Customer Identification Process (V-CIP), V-CIP can be carried for Non
Individuals and also used for ____ Ans: Periodic KYC Updation
11. The banks shall put in place a "mandatory leave‟ policy wherein the employees posted in sensitive positions or areas
of operation shall be compulsorily sent on leave for a few days (not less than ____working days) in a single spell
every year, without giving any prior intimation to these employees, thereby maintaining an element of surprise. Ans:
10
12. RBI has directed that if a Term Deposit (TD) matures and proceeds are unpaid, the amount left unclaimed with the
bank shall attract rate of interest as applicable to savings account or the contracted rate of interest on the matured
TD, whichever is _______ Ans: lower.
13. As per the revised guidelines, Certificate of Deposit can be issued for a minimum denomination of _____and in
multiples of ____thereafter. Ans: Rs.5 lakhs, Rs.5 lakhs
14. The tenor of a Certificate of Deposit is ______: Ans: 7 days to 1 year
15. RBI has decided that the interest payable by rate of depositors / claimants on the unclaimed interest-bearing deposit
amount transferred to the Fund under Depositor Education and Awareness Fund Scheme, 2014 shall be ____ per cent
simple interest per annum with effect from 11 May 2021. Ans: 3 per cent
16. The cash withdrawal limit from Points of Sale (PoS) terminals using debit cards and open system prepaid cards has
also been rationalised to Rs.2,000 per transaction within an overall monthly limit of Rs.______ across all locations
(Tier 1 to 6 centres) Ans: Rs.10,000/-
17. In how many days an account become Inoperative / Dormant: Ans: 2 Years
18. Passport details of the proprietor / partners / directors / guarantors of the borrowal accounts should be held on
record, mandatorily in cases with credit limits of Rs._____ crore and above. Ans: Rs.50 crores
19. Under Positive Pay System, RBI has suggested to making it mandatory in case of cheques of Rs._______ and above.
Ans: Rs.5 lakhs
20. The name of the Portal used for reporting Currency Chest transactions to RBI is ____ Ans: CyM-CC portal
21. Under National Electronic Fund Transfer there shall be ____ half-hourly batches every day.: Ans: 48
22. What is the minimum margin requirement in the form of Fixed Deposit, for Non Fund Based Limits: Ans: Secured
NFB:15%, Clean NFB: 25%. Otherwise, 0.25% additional commission will be charged.
23. Stock Audit Fee payable to Stock Auditors is : Ans: Rs.500/- per Rs.1 crore value of stock and book debts, with
min.Rs.10,000/- and max. Rs.1 lakh.
24. As per Large Exposure guidelines, exposure to one counterparty should not exceed the absolute threshold limit of
___: 20% of the banks eligible capital base.
25. In order to mitigate the adverse impact of COVID 19 related stress on banks, as a measure to enable capital
conservation, RBI has decided to allow banks to utilise _____% of floating provisions/ countercyclical provisioning
buffer held by them as on Dec. 31, 2020 for making specific provisions for non-performing assets with prior approval
of their Boards. Such utilisation is permitted with immediate effect and upto March 31, 2022. Ans: 100%
26. Which of the following RBI direction is not applicable to (International Financial Service Centres (IFSC) Banking Units?
a -LCR as applicable to bank, b- NFSR as applicable to a bank, c- Liquidity risk management Ans none of the above
27. IFSC Banking Units (IBUs) can maintain the following type of accounts? Ans FC current accounts of units operating in
IFSC and their corporate borrowers
28. IFSC banking units (IBUs) maintain FC fixed deposits of non-bank entities for a maturity period of: Ans less than one
year
29. With effect from 01.01.2020, all business entities with turnover of Rs.____ are required to provide digital payment
facility? Ans Rs.50 cr and above
30. With effect from 01.01.2020, all business entities with a specified turnover are required to provide digital payment
facility. If they fail to do so, they will have to pay fine of ____.Ans Rs.5000 per day
31. Which of the following groups of banks in not required to send credit information on large exposures to CRILC? a -
scheduled commercial banks, b - private banks, c - urban cooperative banks Ans none of these
32. Which of the following is a feature of new type of semi-closed Prepaid Payment Instrument? A -can be issued by
banks and non-bank PPI providers, b – mobile phone and OTP is mandatory, c - can be used to buy goods and services
and not for transfer of funds Ans all the above
33. What is the value for which new type of semi-closed Prepaid Payment Instrument can be issued? Ans Rs.10000
34. What is the annual turnover value for which new type of semi-closed Prepaid Payment Instrument can be issued? Ans
Rs.1.20 lac
35. The aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms, shall be subject to
a cap of ___ provided that such investments of the lenders on P2P platforms are consistent with their net-worth. Ans
Rs.50 lac
36. Member banks cannot levy any charges from _____ for funds transfers done through NEFT system which are initiated
online (viz. internet banking and/or mobile apps of the banks) Ans saving bank accounts
37. RRBs can act as merchant acquiring banks using Aadhaar Pay (BHIM app and POS terminals), if their net worth as per
March 31 of previous financial year was: Ans Rs.100 cr
38. RRBs can act as merchant acquiring banks using Aadhaar Pay (BHIM app and POS terminals), if their capital adequacy
ratio, as per March 31 of previous financial year was: Ans min 9%
39. RRBs can act as merchant acquiring banks using Aadhaar Pay (BHIM app and POS terminals), if their net NPAs as per
March 31 of previous financial year was: Ans below 5%
40. Banks can deduct the equivalent amount of incremental credit disbursed by them as retail loans to automobiles,
residential housing, and loans to micro, small and medium enterprises (MSMEs), from their net demand and time
liabilities (NDTL) for maintenance of the cash reserve ratio (CRR), for __ years, till ____Ans 5 years, 24.01.2025
41. Under bank deposit insurance scheme of DICGC, the deposit insurance cover has been increased from __ to ___ wef
4.2.2020. Ans Rs.1 lac to Rs.5 lac
42. Under bank deposit insurance scheme of DICGC, the premium payable on deposit insurance cover has been increased
from 10 paise per Rs.100 per annum to ___ wef1.4.2020.Ans 12 paise
43. Which of the following is an not instrument used by RBI under Liquidity Adjustment Framework to manage short-term
/ transient liquidity, as part of new Liquidity Management Framework w.e.f. 14.02.20? Ans open market operations
(instruments are 14 days variable rate repo/reverse repo auction, variable rate term repo/reverse repo auction,
fixed rate reverse rate, MSF, FX swaps and standing facility)
44. Under, Framework for imposing monetary penalty on authorised payment system operators / banks under the Payment
and Settlement Systems Act 2007, what is max penalty which RBI can impose for non-quantifiable contraventions: Ans
min Rs.5 lac max Rs.100 lac
45. Banks in India can offer door step banking services to senior citizens on pan India basis. Age of senior citizen in this
case should be: Ans more than 70 years
46. Application for Sovereign Gold Bonds can be made by depositing cash or cheque or demand draft etc. But cash can be
deposited for an amount up to: Ans Rs.20000
47. Under Sovereign Gold Bonds scheme, any delay on the part of receiving office to refund the amount to any applicant,
whose application is rejected will attract penalty @ _____ rate +2% for each day of delay. Ans repo rate of RBI
48. Under Sovereign Gold Bonds scheme, which of the following statement is correct in connection with nomination? Ans
max 2 nominees are allowed
49. As part of Govt. of India Covid19 Relief Package, Government will launch a Rs. ___ crore Special Liquidity Scheme
Ans Rs.30000 cr
50. As part of Govt. of India Covid19 Relief Package, PFC/REC to infuse liquidity of Rs. ___ cr to DISCOMs against
receivables Ans Rs.90000 cr
51. As part of Govt. of India Covid19 Relief Package, in order to provide more funds at the disposal of the taxpayers, the
rates of Tax Deduction at Source (TDS) for nonsalaried specified payments made to residents and rates of Tax
Collection at Source (TCS) for the specified receipts shall be reduced by ____ % of the existing rates. Ans 25%
52. As part of Govt. of India Covid19 Relief Package, special working capital credit facility shall be provided to street
vendors up to : Ans Rs.10000
53. As part of Govt. of India Covid19 Relief Package, a new scheme to provide interest subvention @ ___ % per annum to
dairy cooperatives for 20-21. Ans 2%
54. Subscription to Floating Rate Saving Bonds 2020 (Taxable) can be made in cash for an amount : Ans up to Rs.20000
55. The coupon rate for coupon due on 1.1.2021 for Floating Rate Saving Bonds 2020 (Taxable) has been fixed at? Ans
7.15%
56. The coupon rate in case of Floating Rate Saving Bonds 2020 (Taxable) will be linked/pegged with prevailing National
Saving Certificate (NSC) rate with a spread of (+) ____ bps over the respective NSC rate. Ans 35 basis points
57. In case of Floating Rate Saving Bonds 2020 (Taxable), brokerage at the rate of _____of the amount mobilized will be
paid to the Receiving Offices Ans 0.50%
58. What is the penalty for shortages in soiled note remittances and currency chest balances, when the denomination is
up to Rs.50? Ans Rs.50 per piece in addition to loss
59. What is the penalty for shortages in soiled note remittances and currency chest balances, when the denomination is
Rs.100 or above? Ans equal to the denomination per piece in addition to loss
60. What is the penalty for mutilated notes detected in soiled note remittances and currency chest balances Ans Rs.50/-
per piece irrespective of the denomination
61. What is the penalty for non-compliance with operational guidelines by currency chests detected by RBI officials,
related to branch cash/documents kept in strong room Ans Penalty of Rs.5000 for each irregularity.
62. What is the penalty for non-compliance with operational guidelines by currency chests detected by RBI officials,
related to non-utilization of note sorting machines (NSMs) form sorting of notes (NSMs not used for sorting of high
denomination notes received over counter or not used for sorting notes remitted to chest/RBI) Ans Penalty of
Rs.5000 for each irregularity.
63. No bank shall open current accounts for customers who have availed credit facilities in the form of ____ from the
banking system.Ans cash credit or overdraft
64. Banks can allow offline retail payments using cards, wallets, mobile devices with an upper limit of payment of
___Ans Rs.200
65. Banks can allow offline retail payments using cards, wallets, mobile devices with the condition that total limit for
offline transactions on an instrument shall be ₹ ___ at any point of time.Ans Rs.2000
66. Current accounts in banks, as per RBI directions, can be in the form of 1)normal current account 2) collection
account 3) escrow account Ans 1, 2 and 3 all
67. ___ involves a process of reconfirming key details like date, name of the beneficiary /payee, amount, etc., of large
value cheques electronically: Ans positive pay
68. Who shall develop the facility of Positive Pay in CTS, in India ? Ans NPCI
69. Banks, in India, shall enable Positive Pay in CTS w.e.f. 01.01.21, for all account holders issuing cheques for amounts
of ___ and above. Ans Rs.50000
70. As per RBI direction, the banks may consider making Positive Pay in CTS w.e.f. 01.01.21, mandatory in case of
cheques for amounts of ____ and above. Ans Rs.500000
71. Self-Regulatory Organisation (SRO) for Payment Systems Operators (PSOs) needrecognition from ___ before they start
functioning? Ans RBI
72. At present the interoperable quick response (QR) codes include (1) UPI QR 2)BharatQR 3)India QR 4)NPCI QR Ans 1
and 2 only
73. Payment system operator using proprietary QR codes are to shift to one or moreinteroperable QRs by: Ans 31.03.22
74. Under Gold Monetization Scheme (Revised in 2021), interest on deposits will startaccruing from the date of
conversion of gold deposited into tradable gold bars afterrefinement or ___ days after the receipt of gold at the
CPTC/GMCTA or the bank’sdesignated branch, as the case may be, whichever is earlier. Ans 30 days
75. Under Gold Monetization Scheme (Revised in 2021), which statement does not match in relation to rate of interest?
Ans Short term bank deposit – bank rate
76. Under Gold Monetization Scheme (Revised in 2021), lock in period (during whichpre-mature payment is not allowed)
is ____ for medium and long term govt. depositscheme as under: Ans 3 years and 5 years
77. Under Gold Monetization Scheme (Revised in 2021), designated banks are paid handling charges (including gold purity
testing, refining, transportation, storage andany other relevant costs) for MLTGD at a flat rate of ___ % and
commission at the rate of ___ % of the rupee equivalent of the amount of gold mobilized: Ans 1.5% and 1%
78. The designated banks shall pay a maximum of ___ % as incentive/handling chargesto the gold handling/ mobilizing
functions performed by GMS Mobilisation, Collection& Testing Agent (GMCTAs). Ans 1.5%
79. The term FETERS stands for?Ans Forward Exchange Transactions Electronic Reporting System 01 As per RBI directions
dated 19.5.21, it is be mandatory for PPI issuers to give the holders of full-KYC PPIs (KYC-compliant PPIs), the
interoperability through authorised card networks (for PPIs in the form of cards) and UPI (for PPIs in the form of
electronic wallets) by which date? Ans 31.3.22
80. As per RBI directions dated 19.5.21, the maximum amount outstanding in respect of full-KYC PPIs (KYC-compliant
PPIs) has been increased from Rs.1 lakh to ___lakh. Ans Rs.2 lac
81. As per RBI directions dated 19.5.21, the feature of cash withdrawal shall be permitted in respect of full-KYC PPIs
issued by non-bank PPI issuers, with a max per transaction limit of Rs Ans Rs.2000
82. As per RBI directions dated 19.5.21, the feature of cash withdrawal shall be permittedin respect of full-KYC PPIs
issued by non-bank PPI issuers, with a max per month limit of: Ans Rs.10000
83. As per RBI directions dated 19.5.21, the cash withdrawal limit from Points of Sale (PoS) terminals using debit cards
and open system prepaid cards issued by banks in India is Rs.__ per transaction, across all locations. Ans Rs.2000
84. As per RBI directions dated 19.5.21, the cash withdrawal limit from Points of Sale (PoS) terminals using debit cards
and open system prepaid cards issued by banks in India within an overall monthly limit of ___across all locations is:
Ans Rs.10000
85. The rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing deposit amount
transferred to the Depositors’ Education and Awareness Fund is ___% simple interest per annum, with effect from
11.5.21 Ans 3%
86. Which type of banks can function as agency banks for Govt. agency business? Ans Public sector banks and private
sector banks
87. If an account is opened by a guardian for a minor and minor becomes major, what is to be obtained before allowing
the account holder to start operating the account? Ans new photo and current CDD documents
88. If a Term Deposit (TD) matures and proceeds are unpaid, the amount left unclaimed with the bank shall attract rate
of interest as applicable to : Ans savings account or the contracted rate of interest on the matured TD, whichever is
lower.
89. The prudential borrowing limits for transactions in Call and Notice Money Markets for commercial banks, small
finance banks, payment banks and regional rural banks is ___ % of capital funds, on a daily average basis in a
reporting fortnight. Ans 100%
finance banks, payment banks and regional rural banks is ___ % of capital funds, on a given day. Ans 125%
91. The prudential lending limits for transactions in Call and Notice Money Markets for commercial banks, small finance
banks, payment banks and regional rural banks is ___ % of capital funds, on a given day. Ans as per bank discretion
92. The prudential borrowing limits for transactions in Call and Notice Money Markets for cooperative banks is ___ % of
aggregate deposits as at the end of the previous financial year. Ans 2%
93. Payment banks can accept demand deposits from customers with a max of Rs.___ per individual customer account
Ans Rs.2 lac
94. Non-deposit taking NBFCs, can declare divided if their net NPA ratio is ___ for last 3 years. Ans 6%
95. AD Category -I banks are required to upload the data in respect of number of applications received and the total
amount remitted under the Liberalised Remittance Scheme (the Scheme) on __ Ans XBRL
96. For ATMs, banks can recover interchange fee per transaction ___ for financial transactions w.e.f. 1.8.2021. Ans Rs.17
97. For ATMs, banks can recover interchange fee per transaction ___ for non-financial transactions w.e.f. 1.8.2021. Ans s
Rs.6
98. Customers are eligible for ___ free transactions (inclusive of financial and nonfinancial transactions) every month
from their own bank ATMs. Ans 5
99. Customers are eligible for free transactions (inclusive of financial and non-financial transactions) from other bank
ATMs viz. ___ transactions in metro centres and five transactions in non-metro centres. Ans 3
ATMs ___ transactions in non-metro centres. Ans 5
101. Beyond the free transactions for ATM transactions, the ceiling / cap on customer charges is ___ per transaction
with effective from January 1, 2022.Ans Rs.21
102. With effect from 07.06.21, Certificate of Deposit can be issued by a bank, for a minimum amount of__ Ans Rs.5
lac
103. With effect from 07.06.21, Certificate of Deposit can be issued by a bank, for a period of__ Ans 7 days to 1 year
104. With effect from 07.06.21, Certificate of Deposit can be bought back by a bank, after a period of__ from date of
issuance: Ans 7 days
105. With effect from 07.06.21, Certificate of Deposit can be issued by 1) Commercial Banks 2) RRBs 3) Small Finance
Banks 4) Payment Banks Ans 1 to 3 only
106. With effect from 07.06.21, payment in respect of issue of Certificate of Deposit can be settled on __ basis: Ans
T+1 basis
107. Under RBI’s scheme of penalty for non-replenishment of ATMs, in case of cash out for more than ___ hours in a
month, RBI shall impose penalty Ans 10 hours
108. Under RBI’s scheme of penalty for non-replenishment of ATMs, in case of cash out for more than prescribed
period in a month, RBI shall impose penalty of … per ATM Ans Rs.10000
109. Under RBI’s scheme of penalty for non-replenishment of ATMs, banks are to generate a monthly report of cash
out which is to be sent to RBI within ___ days from close of month? Ans 5 days
110. Under Sovereign Gold Bond (SGB) Scheme, subscription can be made in cash for an amount of: Ans Rs.20000
111. Under Sovereign Gold Bond (SGB) Scheme, the redemption period is? Ans 8 years
112. Under Sovereign Gold Bond (SGB) Scheme, premature payment is allowed after expiry of? Ans 5 years
113. Which of the following is an not instrument used by RBI under Liquidity Adjustment Framework to manage
durable liquidity, as part of new Liquidity Management Framework w.e.f. 14.02.20? Ans Standing Deposit Facility
(SDF) (instruments include LT variable rate repo, LTVR reverse repo, FX swap auctions and OMO)
114. Under RBI’s liquidity adjustment framework w.e.f. 14.02.20, what is the min time period of long term variable
rate repo?Ans more than 14 days
115. Under RBI’s liquidity adjustment framework w.e.f. 14.02.20, what is the max time period of variable rate repo
and reverse repo (called fine-tuned operations)?Ans up to 13 days
116. Under Long Term Repo Operation (LTRO), what is min bid amount? Ans Rs.100 lac
117. Under Long Term Repo Operation (LTRO), the interest compounding is annual and payment is made: Ans on
maturity
118. Under, Framework for imposing monetary penalty on authorised payment systemoperators / banks under the
Payment and Settlement Systems Act 2007, what is maxpenalty which RBI can impose for quantifiable
contraventions: Ans Rs.5 lac
119. A core investment company is not required to be registered with RBI when its assets size is : Ans less than Rs.100
cr
120. Urban Coop Banks with total assets of ____ as on 31.03.20, are required to implement system based asset
classification wef 30.09.21Ans Rs.2000 cr or more but less than Rs.3000 cr
121. As per RBI guidelines of Sept 2020, on Compliance Function and Role of Chief Compliance Officer, the quality
assurance and improvement program shall be subject to independent external review periodically, at least once in
___ years. Ans 3 years
122. As per RBI guidelines of Sept 2020, on Compliance Function and Role of Chief Compliance Officer (CCO), the
tenure of CCO should be fixed min of ___ years Ans 3 years
123. As per RBI guidelines of Sept 2020, on Compliance Function and Role of Chief Compliance Officer (CCO), the CCO
should be in the rank of : Ans General Manager
124. As per RBI guidelines of Sept 2020, on Compliance Function and Role of Chief Compliance Officer (CCO), the term
_____ means CCO shall not be given any responsibility which brings elements of conflict of interest, especially the
role relatingto business. Ans Dual hatting
125. Generally banks are allowed to classify ___ % of total investments under held tomaturity category (HTM): Ans
25%
126. A non-governmental organisation that sets and enforces rules and standards relatingto the conduct of member
entities in the industry, with the aim of protecting thecustomer and promoting ethical and professional standards is
called ___: Ans self-regulatory organization
127. As per revised regulatory framework for Housing Finance Companies, the totalassets of should have min _____
assets in the form of housing finance? Ans 60%
128. As per revised regulatory framework for Housing Finance Companies, out of totalassets____ should be housing
loans for individuals Ans 50%
129. As per revised regulatory framework for Housing Finance Companies, the net worthof HFC should be min ___? Ans
Rs.20 cr
130. An NBFC that provides the service of retrieving or collecting financial information pertaining to its customer,
under a contract which consolidates, organises and presents such information to the customer or any other financial
information user as may be specified by the bank, is known as: Ans Account Aggregator
131. Account aggregators have been created jointly by RBI, SEBI, IRDAI, PFRDA. To operate as such, they need licence
from? Ans RBI
132. Payment aggregators need minimum net worth of _____ at all the times. Ans Rs.25 cr
133. RBI proposes to capture geographical coordinates -, viz., latitude and longitude) of physical payment acceptance
infrastructure. It is known as: Ans geo-tagging
134. Under RBI’s Regulatory Sandbox (RS), so far __ cohorts have been introduced (till 30.9.21) Ans 3
135. Under RBI’s Regulatory Sandbox (RS), the 4th cohort is ?V Prevention and Mitigation of Financial Frauds
136. What is Ways and Means Advances limit for State governments on a consolidatedbasis for 2021-22?Ans Rs.51560 cr
137. What is rate of interest on overdraft under WMA for state government where the limit is overdrawn beyond 100%
of the limit? Ans Repo rate + 5%
138. Transfer of govt. securities from one SGL/CSGL to another SGL/CSGL account,without corresponding payment leg
in the books of RBI, is called? Ans value free transactions
139. An account opened and held with the RBI for holding or/and transacting in Government Securities, is called? Ans
subsidiary general ledger account 24
140. What is max amount which can be issued in foreign currency and/or in rupee denominated bonds overseas under
perpetual debt instrument for Capital funds.Ans 49% of the eligible amount
141. Two charges were registered over the property of a company with ROC. One was created on 01.02.2017 and
registered on 28.02.2017. The other was created on 07.02.2017 and was registered on 15.02.2017 :- charge created
on 01.02.17 will have priority
142. In cases where the responsibility for the unauthorised electronic banking transaction lies neither with the bank
nor with the customer, but lies elsewhere in the system and when there is a delay of 4 to 7 working days after
receiving the communication from the bank, on the part of the customer in notifying the bank of such a transaction,
the per transaction liability of the customer shall be limited to Rs._____ in case of a basic saving bank deposit
account? - Rs.5000
143. Bank has to reimburse the customers within T + 5 days in respect of which of the following:-amount wrongfully
debited on account of failed ATM transactions
144. Which of the following cannot be endorsed -A fixed deposit receipt
145. For comparison of financials of companies operating in two different international jurisdictions what is required
to be done out of the following:-IFRS should be implemented
146. Model Bank is approached by a partnership firm of two engineer entrepreneurs for sanction of a term loan of Rs.6
lac for purchase of equipment.The proposal is found viable and they are ready to offer collateral security, but for
certain unspecified reasons they are not willing to get the firm registered with Registrar of Firms:- loan will be
sanctioned and they will be counselled that in their own interest they may get the firm registered
147. Real Time Gross Settlement (RTGS) does not facilitate which of the following transaction:
a transactions between RBI and govt. in govt. securities
b transactions between one bank and another bank
c transactions between govt. and banks
d transactions between an Indian Bank and an international bank
e none of the above
148. The instruments that facilitate purchase of goods and services,including funds transfer,against the value stored
on such instruments are called:- pre-paid payment instruments
149. What is minimum capital adequacy ratio prescribed for Payment Banks:- 15% of risk weighted assets
150. Upon death of the depositor,the legal heirs have been paid the amount of claim. Subsequently,an attachment
order is received in the name of the deceased depositor: -order not applicable as no such account exists
151. In cases where the responsibility for the unauthorised electronic banking transaction lies neither with the bank
nor with the customer, but lies elsewhere in the system and when there is a delay of 4 to 7 working days after
receiving the communication from the bank, on the part of the customer in notifying the bank of such a transaction,
the per transaction liability of the customer shall be limited to Rs._____ in case of a cash credit account with limit of
Rs.40 lac.- Rs.25000
152. For making payment of insurance premium under DICGC deposit insurance for Oct 2019-Mar 2020 half-year, the
balance of deposit that will be considered is as on:- as on Sep 30, 2019
153. The objective of issuing guidelines on Fair Practices Code for Lenders, by RBI is:- spell out the obligation of the
banks for borrower
154. A customer has deposited for collection, for his account, a cheque in the name of 3rd party,which is endorsed by
the 3rd party in name of the customer.- it can be collected by using precaution
155. A club is maintaining current account which is operated by Secretary and Treasurer jointly. The treasurer dies
and a cheque signed by him and Secretary is presented - The cheque should be paid if otherwise in order
156. All accounts beyond _____ classified as red flagged account or ‘Frauds’ must also be reported on the CRILC data
platform together with the dates on which the accounts were classified as such.- Rs.500 million
157. Which of the following documents can be accepted as an officially valid document for opening bank accounts
without the limitations applicable to‘Small accounts’ as prescribed by Govt. / RBI.- Letter issued by UIDAI
158. With effect from 15.09.2018,while issuing demand draft, pay order, banker’s cheque, etc., the issuing bank shall
include: - name of the purchaser
159. A demand draft is presented for payment in clearing but it is unsigned. What the bank will do: - bank will pay it
160. Govt. policy to raise additional resources through taxation and allocation of expenditure as per its priorities is
called - fiscal policy
161. Listed companies are required to disclose their quarterly financial results within ___ from close of the quarter:-
45 days
162. Under Sovereign Gold Bond (SGB) Scheme, subscription can be made in cash for an amount of:- Rs.20000
163. Under Sovereign Gold Bond (SGB) Scheme, the redemption period is?- 8 years
164. Under Sovereign Gold Bond (SGB) Scheme, premature payment is allowed after expiry of?- 5 years
165. Interest on FCNR-B term deposit of 2 years, which is cancelled after 8 months of its deposit would be :- no
interest to be paid,
166. What is the amount of bank limit for working capital for a company to become eligible to issue a commercial
paper ? - Any amount
167. If a fixed deposit matures and proceeds are unpaid,the amount left unclaimed with the bank will attract: -
interest rate corresponding to min maturity of 7 days.
168. Where a bank wants to migrate from standard approach in credit risk to IRB approach or from basic indicator
approach in operational risk to Standard approach or advance measurement approach, permission from which of the
following is required - Reserve Bank of India
169. A bank finds it difficult to repay the short term deposits on maturity to its depositor because the funds of the
bank are locked in long term loans or investments. The risk arising from this situation is called - Liquidity risk
170. What is the minimum maturity period of a commercial paper ? -7 days
171. In order to ensure that a coloured photo copy or scanned coloured image of the cheque is not used, which of the
following features is included in the cheque under CTS 2010 standards? - void pantograph
172. As per Income–tax (22nd Amendment) Rules, 2015 (Rule 114B),w.e.f. 1.1.2016, quoting of permanent account
number (PAN) is mandatory for depositing cash _____ with a bank, on any one day: above -Rs.50000
173. Which of the following return related to non-resident deposit accounts, is to be submitted to RBI from March 31,
2015 onwards to: -NRD-CSR
174. Operating profits in bank’s profit and loss account refer to: profits before provisions and contingencies -a net
175. One of the female staff members of workman staff had a miscarriage and has applied for a 6-month maternity
Compiled by Sanjay Kumar Trivedy, Divisional Manager, Canara Bank, Regional Office, Nagpur -1 10 | P a g e
leave. What would be done? -Allow 6 weeks’ leave and for the balance period, ordinary leave account would be
debited
176. A has a current account with the bank and expires.The claim is settled in favour of his heirs after six months.-
The legal heirs also claim interest.What would you do:Pay interest at SB interest rate
177. The clearing house managing banks extending clearing related overdraft to member banks can charge rate of
interest on such overdraft which is related to which of the following?- LAF Repo Rate
178. As per RBI guidelines, the banks should impose ‘partial freezing’ on KYC non-compliant accounts in a phased
manner. -Partial freezing during the first 6 months period, includes: only credits to be permitted
179. Under Gold Monetization Scheme (Revised in 2021), which statement does not match in relation to rate of
interest? Short term bank deposit – bank rate
180. Under Gold Monetization Scheme (Revised in 2021), lock in period (during which premature payment is not
allowed) is ____ for medium and long term govt. deposit scheme as under:- 3 years and 5 years
181. Under Gold Monetization Scheme (Revised in 2021), designated banks are paid handling charges (including gold
purity testing,refining, transportation, storage and any other relevant costs) for MLTGD at a flat rate of ___ % and
commission at the rate of ___ % of the rupee equivalent of the amount of gold mobilized:-1.5% and 1%
182. The designated banks shall pay a maximum of ___ % as incentive/handling charges to the gold handling/
mobilizing functions performed by GMS Mobilisation, Collection & Testing Agent (GMCTAs).- 1.5%
183. In the context of a computer, the key board is: -input device
184. As per RBI’s PPI Master Direction 2021, Pre-payment Paid Instruments are of ___ types:- 2
185. Which of the following is not a type of PPI as per RBI’s PPI Master Direction 2021 1) Closed system 2) semi-closed
system 3)open system 4) Small PPIs 5) Full KYC PPIs--4 and 5 only
186. As per RBI’s PPI Master Direction 2021, non-bank PPI issuers should have min positive NW of Rs.___ to obtain RBI
authorization to issue PPIs.- Rs.5 cr
187. As per RBI’s PPI Master Direction 2021, cash loading to PPIs is allowed up to: . -Rs.50000
188. As per RBI’s PPI Master Direction 2021,under facility of outward cross-border,transaction limit is:- Rs.10000
189. As per RBI’s PPI Master Direction 2021, under facility of outward cross-border per month transactions limit is: -
Rs.50000
190. As per RBI’s PPI Master Direction 2021, for inward cross-border remittance, how much amount can be loaded or
re-loaded in full KYC-PPIs:- Rs.50000
191. As per RBI’s PPI Master Direction 2021, in small PPIs, amount loading is allowed in a particular month up to: -
Rs.10000
192. As per RBI’s PPI Master Direction 2021, in small PPIs, amount loading is allowed in a financial year up to:
Rs.120000
193. As per RBI’s PPI Master Direction 2021, in small PPIs, total amount outstanding at any point of time can be up to:-
Rs.10000
194. As per RBI’s PPI Master Direction 2021, in small PPIs, max amount of debit allowed is __ per month? -Rs.10000
195. As per RBI’s PPI Master Direction 2021, in full KYC PPIs, what is the max outstanding amount?- 200000
196. As per RBI’s PPI Master Direction 2021, for bank issued PPIs, cash withdrawal at point of sale (POS) devices can
be max up to :- Rs.2000
197. As per RBI’s PPI Master Direction 2021, for bank issued PPIs, cash withdrawal at point of sale (POS) devices can
be max up to ___ per month: -10000
198. As per RBI’s PPI Master Direction 2021, max value of Gift PPI can be : -10000
199. As per RBI’s PPI Master Direction 2021, max value outstanding at one point of time, of Mass Transit System (MTS)
PPI can be : -3000
200. As per RBI’s PPI Master Direction 2021, min validity period of PPIs issued in India can be ___ from date of last
loading?- one year
201. Aggrieved party on the award of Ombudsman, can make application for review to appellate authority ____ within
30 days of the date of receipt of award - Dy. Governor RBI
202. Payment banks can accept demand deposit of an amount up to ____ per individual customer, as per RBI
direction dated 8.2.2021? -Rs.2 lac
203. Unutilized amount of external commercial borrowing proceeds can be kept by ECB borrowers in a term deposit
for a period up to ___ ,pending utilization, due to Covid19 impact, where amount was drawn-down prior to -1.3.20--
1.3.22
204. Under Gold Monetization Scheme (Revised in 2021), banks can open the following types of accounts? short term
bank deposit
205. Under Gold Monetization Scheme (Revised in 2021), interest on deposits will start accruing from the date of
conversion of gold deposited into tradable gold bars after refinement or___ days after the receipt of gold at the
CPTC/GMCTA or the bank’s designated branch, as the case may be, whichever is earlier. -30 days
206. As per RBI directions dated 19.5.21, it is be mandatory for PPI issuers to give the holders of full-KYC PPIs (KYC-
compliant PPIs), the interoperability through authorised card networks (for PPIs in the form of cards) and UPI (for
PPIs in the form of electronic wallets) by which date? -31.3.22
207. As per RBI directions dated 19.5.21, the maximum amount outstanding in respect of full-KYC PPIs (KYC-compliant
PPIs) has been increased from Rs.1 lakh to ___lakh. -Rs.2 lac
208. As per RBI directions dated 19.5.21,the feature of cash withdrawal shall be permitted in respect of full-KYC PPIs
issued by non-bank PPI issuers,with a max per transaction limit of Rs... Rs.2000
209. As per RBI directions dated 19.5.21, the feature of cash withdrawal shall be permitted in respect of full-KYC PPIs
issued by non-bank PPI issuers, with a max per month limit of- Rs.10000 -
210. The rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing deposit
amount transferred to the Depositors’ Education and Awareness Fund is ___% simple interest per annum, with effect
from 11.5.21 -3%
211. For ATMs, banks can recover interchange fee per transaction ___ for financial transactions w.e.f. 1.8.2021. -
Rs.17
212. For ATMs, banks can recover interchange fee per transaction ___ for non-financial transactions w.e.f. 1.8.2021. -
Rs.6
213. Customers are eligible for ___ free transactions (inclusive of financial and non-financial transactions) every
month from their own bank ATMs.- 5
ATMs viz. ___ transactions in metro centres. -3
ATMs ___ transactions in non-metro centres. -5
216. Beyond the free transactions for ATM transactions,the ceiling / cap on customer charges is ___ per transaction
with effective from January 1, 2022. -Rs.21
217. With effect from 07.06.21, Certificate of Deposit can be issued by a bank, for a minimum amount of__ -Rs.5 lac
218. With effect from 07.06.21, Certificate of Deposit can be issued by a bank, for a period of__ -7 days to 1 year
219. With effect from 07.06.21, Certificate of Deposit can be bought back by a bank, after a period of__ from date of
issuance:- 7 days
220. With effect from 07.06.21, Certificate of Deposit can be issued by 1) Commercial Banks 2) RRBs 3) Small Finance
Banks 4) Payment Banks: - 1 to 3 only
221. With effect from 07.06.21, payment in respect of issue of Certificate of Deposit can be settled on __ basis:- T+1
basis
222. Under RBI’s scheme of penalty for non-replenishment of ATMs, in case of cash out for more than ___ hours in a
month, RBI shall impose penalty. -10 hours
223. Which type of banks can function as agency banks for Govt. agency business? -Public sector banks and private
sector banks
224. Small finance banks (SFBS) can allow loans as part of priority sector to registered NBFC-MFIs and other MFIs
(Societies, Trusts etc.) which are members of RBI recognised ‘Self-Regulatory Organisation’ of the sector and which
have a ‘gross loan portfolio’ of upto ___ crore as on 31 March 2021, for the purpose of on-lending to individuals.--
Rs.500 cr
225. Payment banks can accept demand deposits from customers with a max of Rs.___ per individual customer
account - -Rs.2 lac
226. If a Term Deposit (TD) matures and proceeds are unpaid, the amount left unclaimed with the bank shall attract
rate of interest as applicable to : -savings account or the contracted rate of interest on the matured TD, whichever is
lower.
finance banks, payment banks and regional rural banks is ___ % of capital funds, on a daily average basis in a
reporting fortnight. -100%
finance banks, payment banks and regional rural banks is ___ % of capital funds, on a given day. -125%
229. The prudential lending limits for transactions in Call and Notice Money Markets for commercial banks, small
finance banks, payment banks and regional rural banks is ___ % of capital funds, on a given day. -as per bank
discretion
230. The prudential borrowing limits for transactions in Call and Notice Money Markets for cooperative banks is ___ %
of aggregate deposits as at the end of the previous financial year. -2%
231. Non-deposit taking NBFCs, can declare divided if their net NPA ratio is less than ___ for last 3 years. -6%
232. Under RBI’s scheme of penalty for non-replenishment of ATMs, in case of cash out for more than prescribed
period in a month, RBI shall impose penalty of … per ATM -Rs.10000
233. Under RBI’s scheme of penalty for non-replenishment of ATMs,banks are to generate a monthly report of cash out
which is to be sent to RBI within ___ days from close of month? -5 days
234. Penal interest for excess put through/ double claim amount may be levied by State Government as in the case of
delayed credit of receipts at ___ rate?- Bank rate + 2%
235. Your branch receives a cheque of Rs.500 for payment across the counter on June 30, 2017. The cheque is dated
June 31, 2017: -the date of the cheque being the last day of themonth, the cheque can be paid on the last day.
Hence it would be paid.
236. If the operating instruction in a fixed deposit is ‘Either or Survivor’ and one of the depositors expires before the
maturity, pre-payment of the fixed/term deposit can be allowed with the consent of : -survivor and legal heirs only
237. As per RBI scheme on incentive and other measures to enhance distribution of coins, what is the amount of
incentive per bag, from 1.9.21?- Rs.65
238. As per RBI scheme on incentive and other measures to enhance distribution of coins, what is the amount of
incentive per bag, in Rural and semi-urban areas, from 1.9.21? -.75
239. If nothing is stated about the validity, an RBI cheque is considered to be valid for: -3 months
240. There is credit balance of Rs.5000 in the account of a saving bank deposit holder. Three cheques with amount of
Rs. 1900, 1800 and 1700 are presented simultaneously. You will pay the cheques with amount of Rs.:- Rs. 1900 and
Rs. 1800 to discharge maximum liability.
241. Two cheques of Rs.10249 dated Jan 12 and Rs.12340 dated Jan 24, signed by a Director of XYZ Limited, the
authorised signatory have been presented for payment on Jan 27. Meanwhile bank has been informed by the company
that concerned Director has expired on Jan 20. -Cheque dated Jan 12 will be paid and cheque dated Jan 24 will be
returned.
242. IMPS transaction limit has been increased by RBI from the existing ____ to ____- Rs.2 lac to Rs.5 lac
243. An NBFC that provides the service of retrieving or collecting financial information pertaining to its customer,
under a contract which consolidates, organises and presents such information to the customer or any other financial
information user as may be specified by the bank, is known as: - Account Aggregator
244. Account aggregators have been created jointly by RBI, SEBI, IRDAI, PFRDA. To operate as such, they need licence
from?- RBI
245. Under enhanced disclosures to be made by banks on complaints and grievance redress, additional cost would be
paid by banks compared to their peer banks. This will be based on ______ of banks as on 31st Mar of previous year.-
asset size of banks
246. In a partnership firm, a minor is admitted for benefits and he attains majority and decides to be a partner. His
liability in this case shall begin from: the date when he was admitted for benefits
247. A company proposes to pay dividend to its a very large no. of shareholders holding small no. of shares. The most
appropriate mode for such payment would be:- use ECS-Credit service
248. What is rate of interest on overdraft under WMA for state government where the limit is overdrawn beyond 100%
of the limit?- Repo rate + 5%
249. Transfer of govt. securities from one SGL/CSGL\ to another SGL/CSGL account, without corresponding payment
leg in the books of RBI, is called? -value free transactions
250. An account opened and held with the RBI for holding or/and transacting in GovernmentSecurities, is called?-
subsidiary general ledger account
251. What is max amount which can be issued in foreign currency and/or in rupee denominated bonds overseas under
perpetual debt instrument for Capital funds.- 49% of the eligible amount
252. RBI had restored the requirement of minimum daily CRR balance maintenance to ____ per cent. Ans: 90 per cent
of CRR requirement (4 per cent of NDTL).
253. According to the amendments to Insolvency and Bankruptcy Bill, the Government has notified a threshold for
default of at least one lakh rupees. The central government may increase the threshold of minimum default up to
______rupees through a notification Ans: one crore
254. For applying for Pre Packaged Insolvency Resolution Process (PIRP) under Insolvency and Bankruptcy Code, the
debtor needs to obtain approval of at least _____ % of its financial creditors (in value of debt due to creditors) Ans:
66%
255. RBI has prescribed SC1, SC2 and SC3 forms for Articles left in Safe Custody. SC1 is used for ____ Ans: Nomination
under Safe Custody. (SC2: Cancellation of Nomination of Safe Custody and SC3 for modification of Nomination under
Safe Custody.(SL1, SL2,SL3,SL4 for Lockers)
256. Banks shall settle the claims in respect of deceased locker hirers and shall release contents of the locker to
survivors / nominees, as the case may be, within a period not exceeding _____days from the date of receipt of the
claim subject to the production of proof of death of the depositor and suitable identification of the claimants with
reference to nomination, to the bank's satisfaction. Ans: 15 days
257. What is the Liability of banks arising from events like fire, theft, burglary, dacoity, robbery, building collapse or
in case of fraud committed by the employees of the bank: Ans: The banks’ liability shall be for an amount equivalent
to one hundred times the prevailing annual rent of the safe deposit locker.
258. An award has been given by Ombudsman. Any party can file appeal within ______ on receiving award or the
Ombudsman rejecting his complaint, to Appellate Authority i.e. Deputy Governor of RBI: Ans: 30 days from the date
on which the bank receives letter of acceptance of Award by complainant.
259. As per Banking Code and Standard Board of India (BCSBI) guidelines, what is the prudent time to call a person for
recovery of Banks dues: Ans: Between 7.00 AM to 7.00 PM.
260. The Reserve Bank has constituted a Committee to undertake a comprehensive review of the working of Asset
Reconstruction Companies (ARCs) in the financial sector ecosystem and recommend suitable measures for enabling
such entities to meet the growing requirements of the Financial Sector. The committee is headed by _________ Ans:
Sh. Sudarshan Sen, former Executive Director of RBI.
261. How many meetings are conducted by RBI for Monetary policy in a year: Ans: Six
262. After how many years Unclaimed amount in deposit account will transfer to RBI’s DEAF Fund: Ans: 10 years.
263. Regulations Review Authority is set up by RBI to review the Regulatory prescriptions internally as by seeking
suggestions from RBI regulated entities and other stake holders on their simplification and ease of implementation.
Who is appointed as Regulations Review Authority: Ans: Sh M.Rajeswar Rao Dy Governor of RBI
264. The Bank has to return the unpaid / dishonoured cheque with a duly signed return memo indicating the date of
return as also the reason for return /refusal of payment within ___ hours. Ans: 24 hours
265. The bank is committed to compensate the customers for any delay in returning title deeds of mortgaged property
beyond _____ days of the repayment of all dues: 15 days
266. Banks can deduct the equivalent amount of incremental credit disbursed by them as_____, over and above the
outstanding level of credit to these segments as at the end of the fortnight ended January 31, 2020 from their net
demand and time liabilities (NDTL) for maintenance of the cash reserve ratio (CRR) Ans retail loans to automobiles,
residential housing, and loans to micro, MSMEs
267. On 27.03.20, RBI reduce the cash reserve ratio rate from ___ to ___ as percentage of net demand and time
liabilities, for a period of one year beginning from 28.03.20: Ans 4% to 3%
268. On 27.03.20, RBI reduced the requirement of min daily balance under CRR to ___ % of average fortnightly
balance? Ans 80% from existing 90%
269. On 27.03.20, RBI allowed banks to complete creation of capital conservation buffer (last installment) to bring the
CCB to 2.5% of RWAs, by ____ instead of 31.03.20: Ans 30.09.20
270. On 27.03.20, RBI deferred the implementation of net stable funding ratio under Basle framework to: Ans 1.10.20
271. As per March 27, 2020 directions of RBI, wherever the exposure of a lending institution to a borrower is ₹
_______ as on March 1, 2020, the bank shall develop an MIS on the reliefs provided to its borrowers which shall inter
alia include borrower-wise and creditfacility wise information regarding the nature and amount of relief granted. Ans
Rs.5 cr and aboveOn 27.03.20, RBI changed the repo rate. What is the new rate? Ans 4.40% (4% on 20.11.20)
272. On 27.03.20, RBI changed the repo rate. Due to this change, the new marginal standing facility rate is? Ans
4.65% (4.25% on 20.11.20)
273. On 27.03.20, RBI changed the repo rate. Due to this change, the new bank rate is? Ans 4.65% (4.25% on 20.11.20)
274. As per RBI directions, the exposures shifted to a person resident outside India, will attract a minimum risk weight
of ____%. Ans 150%
275. RBI decided on 17.04.20, to conduct targeted long-term repo operations for an aggregate amount of Rs.50,000
crore, to begin with, in tranches of appropriate sizes. The funds availed by banks should be invested in different type
of instruments of NBFCs, with at least ___ of the total amount availed going to small and mid-sized NBFCs and MFIs.
Ans 50%
276. Banks were required to maintain liquidity coverage ratio of 100% w.e.f.1.1.19. To provide Covid-19 relief, the
LCR can be maintained at ___ % till 30.09.20 and is to be restored back to 100% w.e.f. 31.03.21. Ans 80%
277. On Apr 17, 2020 RBI put restrictions on bank for ____ till further instruction: Ans payment of dividend 5
278. On Apr 17, 2020, RBI decided to reduce to 3.75%, which of the following: Ans reverse repo rate (3.35% on
20.11.20)
279. As part of relief package, RBI allowed the exporter to realize the foreign currency on account of exports made up
to 31.07.20, within a period of: Ans 15 months
280. RBI decided on 17.04.20, to conduct targeted long-term repo operations for an aggregate amount of Rs.50,000
crore, to begin with, in tranches of appropriate sizes.The funds availed by banks under this should be invested in ___
of NBFCs, with at least 50 per cent of the total amount availed going to small and mid-sized NBFCs and MFIs. a -
investment grade bonds, b - commercial paper, c- non-convertible debentures Ans all the above
281. On 17.04.20, RBI decided to provide special refinance facilities for a total amount of Rs. 50,000 crore to NABARD,
SIDBI and NHB to enable them to meet sectoral credit needs. This will comprise (1) Rs. 25,000 crore to NABARD for
refinancing (2) Rs. 15,000 crore to SIDBI for on-lending (c) Rs. 10,000 crore to NHB for supporting housing finance
companies (HFCs). Ans 1, 2 and 3 are correct
282. As per RBI monetary and credit policy announcement on May 22, 2020, RBI reduced the Repo Rate by 40 basis
points to: Ans 4%
points and consequently the new Reverse Repo rate shall be: Ans 3.35%
points and consequently the new banks rate shall be: Ans 4.25%
285. As per RBI monetary and credit policy announcement on May 22, 2020, RBI decided, as a one-time measure, to
increase a bank’s exposure to a group of connected counterparties from ___ to ___ of the eligible capital base of the
bank. The increased limit will be applicable up to June 30, 2021. Ans from 25 per cent to 30 per cent
286. What is the penalty violation of any term of agreement with RBI (for opening and maintaining currency chests) or
deficiency in service in providing exchange facilities, as detected by RBI officials related to non-issue of coins over
counter to any member of public despite having stock. Ans Rs.10000
287. What is the penalty for violation of any term of agreement with RBI (for opening and maintaining currency
chests) or deficiency in service in providing exchange facilities, as detected by RBI officials related to refusal by any
bank branch to exchange soiled notes / refusal by any currency chest branch to adjudicate mutilated notes tendered
by public Ans Rs.10000
chests) or deficiency in service in providing exchange facilities, as detected by RBI officials related to non-conduct of
surprise verification of chest balances, at least at bimonthly intervals, by officials unconnected with the custody
thereof and by the officials from the Controlling Office once in six months.Ans Rs.10000
289. What is the for penalty violation of any term of agreement with RBI (for opening and maintaining currency
chests) or deficiency in service in providing exchange facilities, as detected by RBI officials related to non-
acceptance of lower denomination notes (i.e. denomination of Rs.50 and below) tendered by members of public and
linked bank branches.Ans Rs.10000
chests) or deficiency in service in providing exchange facilities, as detected by RBI officials related to detection of
mutilated /counterfeit notes in reissuable packets prepared by the currency chest branches. Ans Rs.10000
291. Payment banks can accept demand deposit of an amount up to ____ per individualcustomer, as per RBI directions
dated 8.2.2021? Ans Rs.2 lac
292. As per Supreme Court judgement, banks are to refund interest on interest charged toborrowers during the
period: Ans 1.3.20 to 31.8.20
293. TDS applicable on Rents of Rs.____ and above. Ans: Rs.2,40,000/-
294. In case the individual receiving the money has not filed income tax return for three years immediately preceding
the year, then the TDS is 2% on the cash payments/withdrawals of more than Rs. ____ lakh and up to Rs 1 crore, and
____% for withdrawal exceeding Rs 1 crore. Ans: 20 lakhs, 5%
295. Capturing live photo of the customer and officially valid document or the proof of possession of Aadhaar, where
offline verification cannot be carried out, along with the latitude and longitude of the location where such live photo
is being taken by anauthorised officer of the Reporting Entity (RE) is called:Ans Digital KYC
296. Geotagging is mandatory in digital KYC process (video based customer identification procedure V-CIP), which
means: Ans live location of the customer
297. In case of offline verification of Aadhaar using XML file or Aadhaar Secure QR Code,it shall be ensured that the
XML file or QR code generation date is not older than ___from the date of carrying out V-CIP.Ans 3 days
298. Who is eligible to invest in Floating Rate Saving Bonds 2020 (Taxable)? a – an individual in individual capacity or
on joint basis, b - an individual in individual capacity or on one or survivor basis. C - father / mother / legal guardian
on behalf of their minor child Ans all the above
299. SB or FD account can be opened by mother as a guardian during life time of father in case of 1) Hindu, 2) Muslim
3) Christian minors. Ans all
300. In respect of borrowers having aggregate fund based working capital limit of Rs.1500 million (150 crores) and
above from the banking system, a minimum level of ‘loan component’ (Working Capital Loan) of ____% shall be
applicable under LSDBC. Ans: 60% from 01-07-2019
301. Partial Risk Sharing facility (PRSF) scheme launched by SIDBI to promote energy efficiency projects. Under this
scheme, SIDBI provides credit guarantee upto ____ % of the loans granted by Financial Institutions. Ans: 75%.
Maximum loan quantum is Rs.15 crores.
302. As per RBI directions dated 27.03.20, banks can grant moratorium on term loan repayment for a period of 3
months i.e. Ans 01.03.20 to 31.05.20 (extended till 31.08.20)
303. As per RBI directions dated 27.03.20, in cash credit or overdraft account, the recovery of which of the following
can be deferred for 3 months ending 31.05.20: (extended till31.08.20) Ans interest applied to the accounts
304. Where a bank’s exposure to a borrower is less than ____ per cent of the exposure of the banking system to that
borrower, while credits are freely permitted, debits to the CC/OD account can only be for credit to the CC/OD
account of that borrower with a bank that has ___ per cent or more of the exposure of the banking system to that
borrower. Ans 10%, 10%
305. Banks with exposure to the borrower of less than ___ per cent of the exposure of the banking system can offer
working capital demand loan (WCDL) / working capital term loan (WCTL) facility to the borrower. ANS 10%
306. In case of borrowers where exposure of the banking system is ____or more, banks shall be required to put in
place an escrow mechanism. Ans 50 cr or more
307. In case of borrowers where exposure of the banking system is _____ , there is no restriction on opening of
current accounts by the lending banks. However, nonlending banks may open only collection accounts Ans 5 cr or
above less than Rs.50 cr
308. In case of borrowers where exposure of the banking system is less than ____, banks may open current accounts
subject to obtaining an undertaking from such customers Ans 5 cr or more
309. The Scheme for grant of ex-gratia payment of difference between compound interestand simple interest for six
months to borrowers in specified loan accounts covers thefollowing period? Ans 1.3.20 to 31.8.20
310. The Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six
months to borrowers in covers loan accounts with amountup to ? Ans Rs.2 cr
311. Unutilized amount of external commercial borrowing proceeds can be kept by ECBborrowers in a term deposit for
a period up to ___ , pending utilization, due to Covid19impact, where amount was drawn-down prior to 1.3.20Ans 1
year
312. Bank loan to directors of other banks can be sanctioned for less than Rs.____ by an authority in a bank delegated
powers by Board Ans Rs.5 cr
313. As per Priority Sector guidelines, loans for repairs to damaged dwelling units of families up to Rs. _____ lakh in
metropolitan centres and up to Rs. ____ lakh in other centres can be classified under priority sector lending: Ans: 10
Lakh; 6 Lakh.
314. As per RBI guidelines on Priority Sector, Bank loans to any Governmental agency for construction of dwelling units
or for slum clearance and rehabilitation of slum dwellers subject to dwelling units with carpet area of not more than
____ square metre: Ans: 60
315. Collateral free loans to Self Help Group under Deen Dayal Antodaya Yojana – NRLM enhanced to Rs._____ Ans:
Rs.20 lakhs. Loans Above Rs.10 lakhs to be covered under CGFMU .
316. The Reserve Bank has decided to include street vendors identified as part of the PM Street Vendor’s AtmaNirbhar
Nidhi (PM SVANidhi scheme) in _______ as beneficiaries under the Payments Infrastructure Development Fund (PIDF)
scheme. The street vendors in Tier– 3 to Tier– 6 centres will continue to be covered under the scheme. Ans: Tier–1
and Tier – 2 centres
317. What is the maximum subsidy percentage and amount for upgradation of existing manufacturing units under
PMEGP (second dose): Ans: 15% and Rs.15.00 Lakh. For North Eastern States and hilly areas it is 20% and Rs.20.00
Lakh)
318. Banks aggregate Capital market exposure is restricted to ____% (Both indirect and direct) of net worth of the
bank as on March 31 of previous year both on Solo and Consolidated basis: Ans: 40.
319. RBI has issued revised Priority sector guidelines under which Act: Ans: Powers conferred by Sections 21 and 35A
read with Section 56 of the Banking Regulation Act, 1949.
320. Affordable Housing” is defined as a housing project using at least ___of the Floor Area Ratio (FAR)/Floor Space
Index (FSI) for dwelling units with carpet area@ of not more than 60 square meters) Ans 50%
321. The urban cooperative banks (UCBs) are required to maintain priority sector lending of ___% of adjusted net bank
credit or credit equivalent of off-balance sheet exposure, which ever is higher, which is to be achieved by 31.03.24?
Ans 75%
322. As per RBI’s 24.04.20 guidelines, in case of shortfall in achievement of priority sector lending targets, the Urban
Coop Banks have to deposit the amount with (a) RIDF of NABARD (b) other funds with NABARD or NHB or SIDBI (c)
MUDRA (d) EXIM Bank Ans a to c only
323. As per RBI’s 24.04.20 guidelines, the Urban Coop Banks have to calculate the achievement of priority sector
lending targets with reference to the following: Ans average outstanding PS loans at end of 4 quarters
324. As part of capital adequacy framework in India, which of the following is part of Tier-2 capital and at the same
time, the 1.25% of risk weighted assets ceiling is not applicable on that? Ans investment fluctuation reserves
325. As part of Govt. of India Covid19 Relief Package, Government of India will provide Interest subvention of ___% to
prompt payees for a period of 12 months for Shishu loanees under MUDRA scheme. Ans 2%
326. RBI increased the permissible loan to value ratio (LTV) for loans against pledge of gold ornaments and jewellery
for non-agricultural purposes from __ per cent to __ percent. Ans 75 per cent to 90 per cent
327. Small finance banks (SFBS) can allow loans as part of priority sector to registered NBFC-MFIs and other MFIs
(Societies, Trusts etc.) which are members of RBI recognised ‘Self-Regulatory Organisation’ of the sector and which
have a ‘gross loan portfolio’ of upto ___ crore as on 31 March 2021, for the purpose of on-lending to individuals. Ans
Rs.500 cr
328. For loans to Self Help Groups (SHGs) under DAY-NRLM up to ____ no collateral and no margin will be charged. No
lien should be marked against savings bank account of SHGs and no deposits should be insisted upon while sanctioning
loans. Ans Rs.10 lac
329. For loans to Self Help Groups (SHGs) under DAY-NRLM above ___ and up to ___, no collateral should be charged
and no lien should be marked against savings bank account of SHGs. But the entire loan would be eligible for
coverage under Credit Guarantee Fund for Micro Units (CGFMU). Ans above Rs.10 lakh and up to Rs.20 lakh
330. What is the SC/ST % of minimum beneficiary in DAY- NRLM to be maintained: Ans: 50%
331. As per the relief package announced on 28th June, 2021 under Credit Guarantee Scheme (CGS), loans upto Rs.25
lakh per persons will be facilitated through Micro Finance Institutions (MFIs). Under Credit Guarantee Scheme,
interest rate on loans from banks to be capped at MCLR plus _____: Ans: 2%
332. As credit facilities extended under the scheme guaranteed by NCGTC are backed by an unconditional and
irrevocable guarantee provided by Govt., RBI has decided that Member Lending Institutions shall assign _____
percent risk weight on the credit facilities extended under this scheme to the extent of guarantee coverage. Ans:
Zero
333. Under Credit Enhancement Guarantee Scheme for Scheduled Castes, what is the guarantee cover available: Ans:
Min.Rs.15 lakh and maximum Rs.5 crores.
334. Disposal of Loan Application under PMEGP is: Ans: upto Rs.5 lacs: 15 days, Above Rs.5 lacs: 30 days.
335. Under DAY-NULM, special provision of ____ % Reservation should be made for the differently abled under this
programme with priority to women. Ans: 5%
336. What is the capital subsidy under Swachta Udyami Yojana ( SUY) scheme of National Safai Karmacharis Finance
and Development Corporation (NSKFDC) : Ans: Upto Rs.5 lacs unit cost: 50% of unit cost. 5 to 10 lacs: 25% of unit cost
with max. Rs.3.25 lacs. 10 to 15 lacs: Rs.3.25 lacs.
337. What is the maximum quantum of Term Loan that can be considered to Individual beneficiaries of Minority
Communities under NMDFC (National Minorities Development Finance Corporation): Ans: Project cost of Rs..30 lacs
and 90% of it is Loan Component i.e. Rs.27 lacs.
338. As per revised provisions of Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM), the
amount of banks are to sanction cash credit loan for a period of __ Ans 3 years d 5 years
339. As per revised provisions of Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM), the
amount of banks are to sanction cash credit loan of Rs.____, with the provision of annual drawing power. Ans Rs.6
lac
340. As per revised provisions of Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM), DP for
First Year shall be 6 times of the existing corpus or minimum of ___ lakh, whichever is higher Ans Rs.1 lac
2nd Year shall be 6 times of the existing corpus or minimum of ___ lakh, whichever is higher Ans Rs.2 lac
4th Year shall be more than ____ based on the Micro credit plan prepared by SHG and appraised by the Federations
/Supportagency and the previous credit history. Ans Rs.6 lac
3rd Year shall be min ____ based on the Micro credit plan prepared by SHG and appraised by the Federations
/Support agency and the previous credit history. Ans Rs.6 lac
344. As per revised provisions of Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM), in case
of Term Loan, banks are to sanction loan amount in doses. The amount of 1st dose shall be min ___: Ans Rs.1 lac
345. As per revised provisions of Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM), in
order to facilitate use of loans for augmenting livelihoods of SHG members, RBI advised bank that at least ___ of
loans above ₹2lakh, be used primarily for income generating productive purposes. Ans 50%
346. Which following type of banks can undertake govt. business on agency basis 1)public sector banks 2) new private
sector banks 3) old private banks Ans 1-2-3 all
347. What is the annual premium for commercial crop under Pradhan Mantri Fasal Bima Yojana (PMFBY): Ans: 5% of
the sum insured.
348. MSP of agricultural commodities recommeded by : Ans: Commission for Agricultural Costs and Prices (CACP)
349. Under Pradhan Mantri Formalisation of Micro Food Processing Enterprise Schjeme, credit linked capital subsidy
@35% of the eligible project cost, with maximum ceiling of Rs._____ lakhs per unit. Ans: Rs.10 lakhs.
350. With effect from 1.4.2020, interest subvention in case of short term crop loans is available only if: Ans advance
is allowed through KCC
351. As part of Govt. of India Covid19 Relief Package, NABARD will extend additional refinance support of Rs. ___
crore for crop loan requirement of Rural Co-op Banks & RRBs. Ans Rs.30000 cr
352. As part of Govt. of India Covid19 Relief Package, Financing facility of Rs. ___ crore will be provided for funding
Agriculture Infrastructure Projects at farm-gate & aggregation points (Primary Agricultural Cooperative Societies,
Farmers Producer Organisations, Agriculture entrepreneurs, Startups, etc.) Ans Rs.100000 cr
353. As per RBI monetary and credit policy announcement on May 22, 2020, RBI decided to increase the maximum
permissible period of pre-shipment and post-shipment export credit sanctioned by banks from the existing one year
to ___ months, for disbursements made up to July 31, 2020.Ans 15 months
354. Within priority sector, post-harvest loans can be allowed to farmers for an amount upto __ against pledge or
hypothecation of agriculture produce: Ans Rs.50 lac
355. Within priority sector, post-harvest loans can be allowed to farmers for an amount upto __ against negotiable
warehouse receipt or electronic warehouse receipts, ofagriculture produce: Ans Rs.75 lac
356. Banks may open current accounts for borrowers who have availed credit facilities of Rs. Rs.5 crore or more in the
form of cash credit (CC) / overdraft (OD) from the banking system : 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. Ans: 10 percent (If no member bank is having 10 percent exposure,
the bank having the highest exposure may open current accounts. Non-lending banks are not permitted to open
current accounts.
357. CGTMSE has decided to increase the threshold for waiver of legal action while invoking the guarantee to
Rs._______ per claim based on the aggregate outstanding amount considered eligible for claim settlement by
CGTMSE : Ans: Rs. 1,00,000/-
358. What is the eligibility criteria for "Sub Ordinate Debt Scheme for MSMEs: Ans: to the promoters of stressed MSMEs
viz. SMA-2 and NPA accounts who are eligible for restructuring as per RBI guidelines on the books of the Lending
institutions.
359. Bank Loans to NBFCs for onlending to Agriculture and MSMEs may be considered as Prioroty Sector. What is the
threshold limit ? Ans: Agriculture Term Loans upto Rs.10 lakhs and MSME loans upto Rs.20 lakhs considered under
Priority Sector.
360. In order to have flexibility and keeping in mind the growth in MSE sector, CGTMSE has decided to relax the
timeline for application lodgment. Member Lending Institutions (MLIs) can now apply for guarantee cover anytime
during the tenure of Loan provided the credit facility was not restructured / remained in ______ status in last 1 year
from the date of submission of application. Ans: SMA-2
361. If an enterprise crosses the ceiling limits specified for its present category in either of the two criteria of
investment or turnover, it will cease to exist in that category and be placed in the next higher category but no
enterprise shall be placed in the lower category unless it goes below the ceiling limits specified for its present
category in _____ the criteria of investment as well as turnover. Ans: Both
362. Pre-pack insolvency resolution process(PPIRP) used for Insolvency Resolution Process of Micro, Small and Medium
Enterprises (MSMEs) with defaults of Rs.10 lakh and above and up to Rs. _____ under the Insolvency and Bankruptcy
Code. Ans: Rs.1 crore
363. The Interest Equalisation on Pre and Post Shipment Export Credit (Interest Subvention scheme) is being
implemented by Govt. What is the rate of interest subvention : Ans: 5% for MSME exporters and 3% for merchant
exporters
364. Financial Papers to be submitted to CGTMSE coverage for loan amounts of Rs.____ Ans: Rs.10 lacs and above
365. Under MSME Sugam scheme for lending under Original Tie-ups, assessment of WCTL is ____ times of the Cash
Accruals as per latest Financial Statements/ITR subject to DER not more than 4:1, DSCR not below1. Ans: 3 times
366. NWC is 12, Current Liability is 48, then what is current ratio? Current Ratio : Ans: 1.25:1 (Current Assets:60)
367. What are the charges payable for MSME loans through “PSB Loans in 59 Minutes” Online Platform for Market Place
URL: Ans: Rs.3900/- for MSME and Rs.1300/- for Mudra Loan (Rs.10 lacs)
368. What is the quantum of loan that can be considered under Canara MSME CAP (Credit Against Property). Ans:
Min.Rs.10 lacs, maximum Rs.20 cr for Manufacturing, Rs.10 cr for Service Sectors with 20% margin for FB, 25% margin
for NFB. Security: Urban & metro projects : Mfg:100%, Service 125%. Semi Urban Property: Mfg 125%, Service 150%
369. To be eligible under Canara GST scheme to MSMEs, GST returns of minimum for the past ______ months is
required and 75% of turnover reflected in GST return should have been routed through the Bank Account. Ans: 6
months
370. MSME proposals upto Rs.5 lacs to be sanctioned with in ____ days: Ans: 15 days
371. As per Govt. of India Covid19 Relief Package, what is the total amount of collateral free Emergency Working
Capital facility to be provided to MSME sector? Ans Rs.300000 cr
372. As per Govt. of India Covid19 Relief Package, what is the tenor of collateral free Emergency Working Capital
facility to be provided to MSME sector? Ans 4 years (changed to 5 years)
373. As per Govt. of India Covid19 Relief Package, what is the size of subordinated debt to be provided to stressed
MSME sector? Ans Rs.20000 cr
374. As per Govt. of India Covid19 Relief Package, what is amount of equity infusion through Fund of Funds to be
provided to MSME sector? Ans Rs.50000 cr
375. As per Govt. of India Covid19 Relief Package, for MSME sector, global tenders will be disallowed in Govt.
procurement tenders for value up to? Ans Rs.200 cr
376. As part of Govt. of India Covid19 Relief Package, for MSME sector, a micro enterprise means a unit with
investment in plant and machinery up to ____ and fulfilling the turnover criteria: Ans Rs.1 cr
377. As part of Govt. of India Covid19 Relief Package, for MSME sector, a micro enterprise means a unit with annual
sales turnover up to ____ and fulfilling the investment criteria: Ans Rs.5 cr
378. As part of Govt. of India Covid19 Relief Package, for MSME sector, a small enterprise means a unit with
investment in plant and machinery up to ____ and fulfilling the turnover criteria: Ans Rs.10 cr
379. As part of Govt. of India Covid19 Relief Package, for MSME sector, a small enterprise means a unit with annual
sales turnover up to ____ and fulfilling the investment criteria: Ans Rs.50 cr
380. As part of Govt. of India Covid19 Relief Package, for MSME sector, a medium enterprise means a unit with
investment in plant and machinery up to ____ and fulfilling the turnover criteria: Ans Rs.20 cr (increased to 50 cr)
381. As part of Govt. of India Covid19 Relief Package, for MSME sector, a medium enterprise means a unit with annual
sales turnover up to ____ and fulfilling the investment criteria: Ans Rs.100 cr (increased to 250 cr)
382. Which of the following provides credit default guarantee for loans under Guaranteed Emergency Credit Line
(GECL) for MSMEs and business enterprises Ans NCGTC
383. What is extent of guarantee cover for loans under Guaranteed Emergency Credit Line (GECL) for MSMEs and
business enterprises Ans 100%
384. What is extent of loan that can be sanctioned as additional loan under Guaranteed Emergency Credit Line (GECL)
for MSMEs and business enterprises? Ans 20% of loan o/s as on 29.02.20
385. To be eligible for loan under Guaranteed Emergency Credit Line (GECL) for MSMEs and business enterprises, what
is the max o/s balance in loan accounts as on 29.02.20 Ans Rs.25 cr (increased to 500 cr)
386. Under Guaranteed Emergency Credit Line (GECL) for MSMEs and business enterprises, which among the following
accounts is not eligible: Ans Standard loans SMA2
387. To be eligible for loan under Guaranteed Emergency Credit Line (GECL) for MSMEs and business enterprises, what
is the max annual turnover for the financial year 2019- 20: Ans Rs.100 cr (ceiling removed)
388. The type of enterprises that are eligible under Guaranteed Emergency Credit Line (GECL), do not include which
of the following: a - business enterprises, b – PM Mudra Yojna, c – MSMEs Ans Loans to individuals (now allowed)
389. What is the rate of interest that can be charged for Guaranteed Emergency Credit Line (GECL) by banks? Ans
xternal benchmark prescribed by RBI + 1%
390. What is the max rate of interest that can be charged for Guaranteed Emergency Credit Line (GECL) by banks? Ans
9.25%
391. What is tenor of the loan under Guaranteed Emergency Credit Line, from date of disbursement, including
moratorium period? Ans 5 years
392. What is no. of monthly instalments for loan under Guaranteed Emergency Credit Line? Ans 48
393. NCGTC is required to make ___ % payment of claim to MLIs under Guaranteed Emergency Credit Line, within? Ans
75% within 30 days and remaining on conclusion of recover process
394. Member Lending Institutions (MLIs) can invoke the guarantee under Guaranteed Emergency Credit Line, by
informing NCTGC, the date on which the account was classified as NPA within ___days of the account being classified
as NPA Ans 90 days
395. Banks can prescribe ____ for review/renewal of borrower limits so that lower rated borrowers whose financials
show signs of problems are subjected to renewal control more frequently.Ans differential time schedules
396. If working capital limits are not renewed on time, the account shall be treated NPA after ____ from due date of
renewal. Ans 180 days
397. For consideration sanction of loans to MSMEs, submission of ______ is a mandatory requirement. Ans Udyam
Registration Certificate
398. For the purpose of classification as an MSME, which of the following should be considered as value of plant and
machinery or equipment? Ans written down value
399. For capital adequacy ratio, the risk weight for loans under Guaranteed Emergency Credit Line, has been
prescribed by RBI as: Ans 0%
400. Loan accounts of MSME borrowers can be allowed Covid-19 resolution facilities where amount of loan is Rs.____
as on 31.3.21 Ans Rs.25 cr
401. Loan accounts of MSME borrowers can be allowed Covid-19 resolution facilities, where amount of loan is within
prescribed amount as on 31.3.21 and the account is: Ans standard
402. Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)
is available for loans up to Rs.___ outstanding as on 31.3.21Ans Rs.50 cr
403. Under Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro,Small and Medium Enterprises
(MSMEs), the decisions on applications for invoking restructuring shall be communicated in writing to the applicant
within 30 days of receipt of such applications. Ans 30 days
404. Under Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro,Small and Medium Enterprises
(MSMEs), the restructuring of the borrower account is implemented within 90 days from the date of invocation.
Ans 90 days
405. On a review, RBI has decided that: For personal loans granted to any director of other banks, the threshold of
Rupees twenty-five lakh, as per the extant guidelines, stands revised to Rupees _____ Ans: Rupees five crore.
406. The risk weight for a housing loan to individual (sanctioned from 16.10.20 to31.03.22) is ____ where the loan to
value ratio is less than or equal to 80%,irrespective of amount of loan. Ans 35%
407. The risk weight for a housing loan to individual (sanctioned from 16.10.20 to31.03.22) is ____ where the loan to
value ratio is less than or equal to >80% to 90%,irrespective of amount of loan. Ans 50%
408. The provision on standard loan under housing loans to individual scheme shall be __, of loan to value ratio
criteria of RBI is complied with. Ans 0.25%
409. As per the revised Prompt Corrective Action Framework if Net Non-Performing Advances (NNPA) ratio is equal to
or more than 9% but less than 12% it will be treated as breach of which Risk Threshold: Ans: 2
410. As per the DICGC Bill 2021, what is the maximum amount payable to depositors and the time limit, if a bank
fails. Ans: Amount is payable upto a maximum of Rs. 5 lakh within 90 days
411. Which Tribunal deals the dispute cases for Limited Liability Partnership (LLP): Ans: National Company Law
Tribunal (NCLT).
412. In view of the uncertainties created by the resurgence of the COVID-19 pandemic, the RBI on May 05, 2021
extended the facility for restructuring existing loans without a downgrade in the asset classification subject to the
the aggregate exposure, including non-fund based facilities, of all lending institutions to the borrower does not
exceed Rs.____ crore as on March 31, 2021 and not restructured earlier. Ans: Rs.50 crores
413. One time restructuring facility is available for MSME sector, where the loan amount is up to __ as on 01.01.20:
Ans Rs.2500 lac
414. One time restructuring facility is available for MSME sector, where the loan amount was within prescribed limit,
as on 01.01.20 and a - standard account as on 01.01.20,b - restructuring is implemented before 31.12.20, c -
borrower is GST registered Ans all
415. As per RBI directions on Covid-19 relief, if moratorium on term loan instalment repayment is allowed or interest
is deferred for recovery in CC/OD accounts, the banks are to make provision ___ % if such accounts are in default but
in standard category: Ans 10%
416. National Asset Reconstruction Company Ltd (NARCL), the name coined for the bad bank announced in the Budget
2021. Which Bank is participating as Sponsor of NARCL: Ans: Canara Bank with 12% stake
417. Upon implementation of the restructuring plan under Resolution Plan Framework-2, the lending institutions shall
keep provision of _____ per cent of the residual debt of the borrower. Ans: 10 per cent
418. As per RBI guidelines on Appointment of Statutory Central Auditors (SCAs) / Statutory Auditors (SAs) for Entities
with asset size of Rs._____ crore and above as at the end of previous year, the statutory audit should be conducted
under joint audit of a minimum of ____ audit firms [Partnership firms/Limited Liability Partnerships (LLPs)]. All other
Entities should appoint a minimum of one audit firm (Partnership firm/LLPs) for conducting statutory audit. Ans:
Rs.15,000 crores, Two
419. Additional Tier-1 Bonds are perpetual with out maturity date. Investors do not have ‘Put Option’, i.e., the
holders cannot return these bonds to the issuing bank and demand the money. However, the issuing banks have the
‘Call Option’ to recall / redeem AT-1 bonds issued by them after ______ years. Ans: 5 or 10 years
420. Tier 2 capital consists of unsecured subordinated debt with an original maturity of at least ______ years. Ans :
five years.
421. All accounts opened through V-CIP shall be made operational only after:Ans after concurrent audit
422. As per revised directions, the amount of individual loan that can qualify as part ofretail lending portfolio under
Basel III requirement, is restricted to:Ans Rs.7.5 cr
423. As per revised RBI directions, the banks are to implement net stable funding ratio(NFSR) guidelines under Basel
III, by: Ans 30.09.21
424. As per revised RBI directions, the banks are to implement capital conservation buffer guidelines under Basel III
by: Ans 30.09.21
425. For making specific provisions for non-performing assets banks utilise ___ % of floating provisions/ countercyclical
provisioning buffer held by them as on December 31, 2020 Ans 100%
426. In case of Export of Goods and Services, the maximum rate of interest payable on Advance Payments is capped
by RBI at ______ rate. Ans: LIBOR + 100 BPS
427. Under the Indo-Nepal Remittance Facility Scheme , RBI has Increased the ceiling per transaction from Rs.50,000
to Rs._____ Ans: Rs.2 lakh. (12 times per year cap Removed)
428. Crystallization of foreign currency Import bills drawn under Letters of Credit shall be done into Rupee liability
with in what period? Ans: On the 10th day from the date of receipt of documents in the case of demand bills and on
the due date in case of usance bill
429. FX-Retail is an Electronic Trading Platform for _______ customers to buy and sell Foreign Exchange. Ans: Retail
Customers
430. RBI has introduced Legal Entity Identifier system for all payment transactions (RTGS,NEFT)of Rs._____ and above.
Ans: Rs.50 crore
431. The RBI has allowed eligible ECB borrowers who are into the manufacturing sector to raise ECB up to USD 50
million or its equivalent with the minimum average maturity period of _____ year: Ans: One year (Earlier, ECB up to
USD 50 million or its equivalent can be raised by eligible borrowers with a minimum average maturity period of three
years).
432. Which rate will apply for conversion of dollar in rupees when Nostro account is already credited: Ans: TT BUYING.
433. RBI has permitted resident individuals to make remittances under LRS to International Financial Services Centres
(IFSCs) set up in India under Special Economic Zone Act 2005 for only purpose of ______ Ans: Investment in Securities
of IFSCs in SEZs.
434. As per RBI guidelines, the liquidity availed under the Targeted Long Term Repo Operations (TLTRO) scheme can
also be used to extend bank loans and advances to these sectors. Investments made by banks under this facility will
be classified as held to maturity (HTM) even above the ____ per cent of total investment permitted to be included in
the HTM portfolio. Ans: 25%
435. Asian Monetary Unit is denominated as 1) ACU Dollar, 2) ACU Euro 3) ACU Yen 4) ACU GBP Ans 1 to 4 all
436. For investment by non-residents in Govt. securities, a new route has been implemented. It is called: Ans fully
accessible route
437. As per RBI monetary and credit policy announcement on May 22, 2020, RBI decided to extend the time period for
completion of remittances against normal imports into India (except in cases where amounts are withheld towards
guarantee of performance) from six months to ___ from the date of shipment for such imports made on or before
July 31, 2020.Ans 12 months
438. Interest subsidy is available to exporter on export credit. It is called? Ans interest equalization scheme
439. Penal interest for excess put through/ double claim amount may be levied by State Government as in the case of
delayed credit of receipts at ___ rate? Ans Bank rate + 2%
440. London Interbank offer rate shall be phased out immediately after ____ for non-USD setting: Ans 31.12.21
441. Which of the following is being phased out from 31.12.21 onwards and in its place, what will be used? Ans LIBOR,
ARR (alternative reference rate)
442. London Interbank offer rate shall be phased out immediately after ____ for USD setting: Ans 30.06.23
443. As a result of phase out of LIBOR, which rate shall be phased out in India? Ans Mumbai Interbank Forward
Outright rate August 2021
444.Govt. of India approved the extension of Interest Equalization Scheme for pre and post shipment Rupee export
credit, with same scope and coverage, upto: Ans 31.03.21
445. NOOPL Limit in forex refers to: The Foreign Exchange Exposure Limits of Authorised Dealers would be dual in
nature namely Net Overnight Open Position Limit (NOOPL) for calculation of capital charge on forex risk; and Limit
for positions involving Rupee as one of the currencies (NOP-INR) for exchange rate management. For banks
incorporated in India, the exposure limits fixed by the Board should be the aggregate for all branches including their
overseas branches and Off-shore Banking Units. For foreign banks, the limits will cover only their branches in India.
NOOPL may be fixed by the boards of the respective banks and communicated to the Reserve Bank. However, such
limits should not exceed 25% of the total capital (Tier I and Tier II capital) of the bank.
446. Full form of NUUP: National Unified USSD Platform- a USSD based mobile banking service from NPCI that brings
together all the Banks and Telecom Service Providers. In NUUP, a customer can access banking services by just
pressing *99# from his mobile phones. This service works across all GSM mobile handsets.
447. The Liquidity Coverage Ratio (LCR) is the requirement whereby banks must hold an amount of high quality liquid
assets that is enough to fund cash outflows for ______ days: 30 days.
448. The scale of Finance for different crops in a district is decided every year by DLTC and ______ in the district acts
as convener of the committee: District Central Co-operative Bank.
449. While financing milch animals, it is not permissible to purchase with _____ and above lactation: 3rd.
450. Expand “APEDA”: Agriculture & Processed Food Products Export Development Authority.
451. Expand “IFRS”: International Financial Reporting Standard.
452. Under Notice money market, the funds are transacted by banks for: 2 to 14 days.
453. A Bank enters into a contract for selling 3rd party products and earns commission for the services. The Bank will
face which risk: Operational risk.
454. ISSP stands for: Information System Security Policy.
455. Rupay Platform refers to: National Payments Corporation of India has launched RuPay card with the intention of
integration of payment systems in the country. It has led to lower transaction cost as processing is being done within
country.
456. The single portal initiated by Ministry of Corporate Affairs for one stop solution for all Companies: MCA-21.
457. The RBI is using _____ index of inflation for policy making: Consumer Price Index.
458. What is the liability of members of HUF if Karta incurred debt?: Co-parceners are liable to extent of their share.
459. Whether „WILL‟ has to be registered? Not required.
460. Guardian appointed by „Will‟ of father for his Minor child: Testamentary Guardian.
461. CIN in case of a company indicates: Corporate Identity Number.
462. Partnership firm not registered then what is the implication: Partnership firm cannot file the suit on anybody but
others can file suit on the partnership firm.
463. Classification of NPA in consortium advances: Each bank will classify the account on the basis of its own record of
recovery.
464. Period for KYC updation on low risk customers: 10 years.
465. Sarfaesi proceeding in a consortium advance if: 60% of creditors in value agree.
466. Brownfield Investment refers to: Brownfield means when a company purchases or leases an existing facility.
467. A bank on a particular day was in an oversold position - sold more foreign currency than it had purchased. This
situation is known as: Short position.
468. The Schedule ______ to the Companies Act, 2013 provides general instructions for preparation of balance sheet
and statement of profit & loss of a company: Schedule III.
469. The new format of the balance sheet is also called: Vertical format balance sheet.
470. Expand “SQL” in context of digital banking and cyber security: Structured Query Language
471. A front end server which hides the IP address or the domain name in a front end address in the network is called:
Proxy Server.
472. RBI has deferred the implementation of Net stable funding Ratio (NSFR) to _______ date: October 1, 2021.
473. Marginal standing facility is a window for banks to borrow from RBI in an emergency situation when interbank
liquidity dries up completely. What is the present MSF rate: 4.25%
474. Financing infra projects with an assurance from infra finance companies to take over the liabilities after a span
of time, as standard asset is called: Take out Financing.
475. An import license is valid for: 24 months.
476. Which is not the function of ALCO: Budget target.
477. Banker customer relationship in standing instruction: Agent – Principal.
478. What is Deferred Payment Guarantee (DPG) and how is different from Term Loan: DPG is issued for the purchase
of capital goods in favour of machinery suppliers. The appraisal of TL and DPG is very similar the only difference is
the outlay of funds.
479. Meaning of accrual concept: Income and expenditure to be recorded as and when they become due.
480. What is limitation period for execution of decree: 12 years from the date of decree.
481. Rearing / Farming of fresh water Fishes in artificial tanks / lakes is called: Aquaculture.
482. Full form of TReDS :: Trade Receivables e Discounting System.
483. Loans to farmer against pledge / hypothecation of agriculture produce (post harvest marketing scheme) under
priority sector is: Rs.50 lakh for a period of 12 months.
484. Loans to individuals for educational purpose India and abroad under Priority Sector: Rs.20 lacs.
485. How much inward remittance can be credited to EEFC a/c: 100% of export proceeds.
486. A unit is having Current Assets of Rs.400, and the Current Ratio is 2:1, Quick Ratio 1:1. What is the level of
Inventories: 200.
487. Automated Clearing House in Hong Kong is called: CHATS (CHIPS in New York, CHAPS in UK).
488. In case of Special crossing, banker gets protection under: Section 124 of N.I. Act.
489. Who is the regulator for Imports of goods and services in India: DGFT
490. What is Noting: Getting dishonoured B/E noted from notary. The certificate issued by the notary is called Protest
under Section 100 of Negotiable Instrument Act.
491. In CGTMSE scheme, MSME Retail is covered up to what extent? (Ans. Rs.1.00 cr and in case of filing the claim the
coverage is upto 50% of amount of default with maximum upto Rs. 50 lakhs.)
492. Protection is available to Collecting Bank under which Act: Section 131 of N.I. Act.
493. RBI has enhanced limits for contactless card payments from Rs.2,000 to Rs._____ effective from 1st January 2021
and will be at the discretion of the user: 5,000/-
494. Pradhan Mantri Awas Yojana – Urban (PMAY-U), a flagship Mission of Govt. of India is implemented by: Ministry of
Housing and Urban Affairs (MoHUA).
495. As per KYC guidelines, Banks should preserve the records pertaining to the KYC of the customers obtained while
opening the account and during the course of business relationship at least for a period of: 5 years after the
business relationship is ended.
496. As per KYC guidelines, Trusts, Charitable institutions and NGOs receiving foreign donations are placed under
which risk categorization of customers: High Risk
497. Beneficial owner under KYC can be a body of individual persons, 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:15%
498. The Government has set up Agri-infra fund with a corpus of Rs. _____ lakh crore to provide financial support to
agri-entrepreneurs, start-ups, agri-tech players and farmer groups for infrastructure and logistics facilities: One.
499. As per Gold Card scheme for exporters of good track record, the gold card can be issued to exporters whose
accounts have been classified as ‘Standard’ continuously for a period of ____ years and there are no irregularities /
adverse features: Three.
500. Gold Metal Loan (GML) is a mechanism under which a jewellery manufacturer borrows gold metal instead of
rupees and settles the GML with the sale proceeds obtained. GML can be availed for ____ days in case of domestic
jewellery manufacturers and for ____ days in case of exports: 180 days and 270 days respectively.
501. As per Priority Sector guidelines, loans for repairs to damaged dwelling units of families up to Rs. _____ lakh in
metropolitan centres and up to Rs. ____ lakh in other centres can be classified under priority sector lending: 10 ; 6.
502. Which are the Central Nodal agencies for channelizing subsidy to the beneficiaries through lending institutions
and for monitoring the progress for implementation of PMAY-Urban Scheme: Housing and Urban Development
Corporation (HUDCO), National Housing Bank (NHB) and State Bank of India.
503. As per RBI guidelines, Banks should settle the claims in respect of deceased depositors and release payments to
survivor(s)/ nominee(s) within a period not exceeding _____ days from the date of receipt of the claim subject to the
production of proof of death of the depositor and suitable identification of the claimants, to the bank’s satisfaction.
what is the time limit for settlement of deceased claims cases: 15
504. Under Kisan credit card (KCC) scheme the card can be used at ATMs/ micro ATMs for withdrawal of cash and also
at POS machines for purchase of farm inputs etc. Which type of card can be issued: RuPay
505. As per RBI guidelines, what is the risk weight on staff loans secured by mortgage / superannuation benefits: 20%
506. Full form of CARE credit rating company is: Credit Analysis & Research Ltd.
507. The urban street vendors can avail of a Working Capital loan of up to Rs. _____ with a tenure of 1 year repaid in
monthly instalments under PM Svanidhi Scheme: 10,000
508. As per RBI guidelines on Resolution of Stressed Assets only such Resolution Plan which receive a credit opinion of
______ or better for the residual debt from one or two CRAs, as the case may be, shall be considered for
implementation: RP4
509. In which Pradhan Mantri scheme EDP training of 3 days has to be attended by the beneficiary within 12 months of
release of the first instalment of margin money subsidy: Prime Minister Employment Generation Programme
(PMEGP).
510. What is the minimum and maximum loan amount under National Agri Infra Fund scheme: The scheme does not
have a minimum or maximum loan cap. However, an eligible beneficiary can obtain the maximum benefit of
loan upto Rs. 2 crores per project.
511. Govt. has set-up Agri-infra fund for providing a medium - long term debt finances facility for investment in viable
projects for post-harvest management Infrastructure and community farming assets through incentives and financial
support in order to improve agriculture infrastructure in the country. The type of credit facility can be: Only Term
Loan.
512. Credit Guarantee Scheme for Subordinate Debt (CGSSD) has been operationalized through a special window
created for this purpose under: Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
513. An account maintained by a Foreign Bank with a bank in India is termed as ______: (Vostro Account from the
point of view if bank in India – ‘Your account with us’.
514. Banks are required to monitor the UHFCE portion of the corporates whose total foreign currency exposure are
high at above $25 million of its equivalent and extend loan above $10 million only on the basis of a well laid out
policy. What is the full form of UHFCE: Unhedged foreign currency exposure.
515. Depreciation charged on computers is on straight line basis. What is the depreciation rate for AY 2021-22 as per
Income Tax Act: 40 percent.
516. As per RBI guidelines, what is the risk weight on Central Govt. guaranteed claims for calculating capital charge as
per Basel norms: 0%
517. As per RBI guidelines on Priority Sector, Bank loans to any governmental agency for construction of dwelling
units or for slum clearance and rehabilitation of slum dwellers subject to dwelling units with carpet area of not more
than ____ square metre: 60
518. In order to support Covid-hit MSMEs further, Govt. has announced an extension of its Emergency Credit Line
Guarantee Scheme (ECLGS) till ____, or till guarantees for an amount of Rs.4.5 lakh crore are issued under the
scheme, whichever is earlier: 31 March, 2022.
519. What is the interest Rate on GECL: Interest rate has been capped for Banks and FIs, lending rate linked to one
of the external benchmark rates prescribed by RBI +1% subject to a maximum of 9.25% per annum. For NBFCs,
the interest rate on GECL shall not exceed 14% p.a.
520. How many days past due account eligible for GECL: Past due up to 60 days as of Feb. 29, 2020.
521. Member Lending Institution need to mark NPA within _____ days of the account being classified as NPA or date of
Supreme Court order dated March 23, 2021, whichever is later): 90
522. The Banking Codes and Standards Board of India (BCSBI) in collaboration with the Indian Banks' Association has
evolved _____codes - Code of Bank's Commitment to Customers and the Code of Bank's Commitment to Micro and
Small Enterprises which have been voluntarily adopted by member banks: two.
523. MSME classification if the investment in Plant and Machinery is Rs. 0.90 lakhs and Turn-over is Rs. 6 crore:
524. Small Enterprise. (The investment and turnover given in the question is close to an Micro Enterprise, where the
limit is investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not
exceed five crore rupees. However, as per the guidelines, if an enterprise crosses the ceiling limits specified for its
present category in either of the two criteria of investment or turnover, it will cease to exist in that category
and be placed in the next higher category but no enterprise shall be placed in the lower category unless it
goes below the ceiling limits specified for its present category in both the criteria of investment as well as
turnover. Hence it will be classified as Small Enterprise).
525. What are eliglbility conditions under Padho Pradesh scheme: a)Student will be eligible, (as the interest subsidy)
under the Scheme for pursuing Post Graduate Diploma, Post Graduate degree course/Masters, M.Phil & Ph.D.
Further, those students, who have completed M.Tech in India but is now pursuing MBA abroad and these students
have got subsidy under CSIS/ state subsidy scheme for the M.Tech course, are also be eligible in this Scheme.
b)Total income from all sources of the employed candidate or his/ her parents/guardians in case of
unemployed candidate shall not exceed Rs. 6.00 lakh per annum.
526. Home advantage for people who have more than how many houses:Bank specific.
527. Pillar 3 as per Basel Norms: Market discipline through market disclosures.
528. A firm is having Current Assets of Rs.48 Lakhs and the Net working capital is Rs.12 Lakhs. What is the Current
Ratio: 1.33:1
529. RERA approval must for how much space and number of apartments: Land area above 500 square meters or
more than 8 apartments.
530. In case of Fraud between Rs.10,000 to Rs. 1 million in Public sector banks where staff is involved, the reporting
has to be made to: All frauds below Rs. 3 crore is to be reported to State Police.
531. What is the Risk weight assigned for Credit Card receivables: 125%
532. Maximum limit for Aggregate Retail Exposure: The regulatory retail portfolio of banks are assigned a
risk weight of 75%.
533. As per the Orientation criterion for Retail banking segment, the maximum aggregated retail exposure limit is :
The Retail Banking would include exposures which fulfil the following four criteria of orientation, product,
granularity and low value of individual exposures for retail exposures. In order to reduce the cost of credit
for this segment consisting of individuals and small businesses (i.e. with turnover of upto Rs.50 crore),
and in harmonisation with the Basel guidelines, RBI has increased this threshold to Rs.7.5 crore in respect
of all fresh as well as incremental qualifying exposures.
534. As per Large Exposure guidelines, exposure to one counterparty should not exceed the absolute
threshold limit of Rs. ___: 20% of the banks eligible capital base.
535. Banker customer relationship in case of Safe Custody of Articles: Bailee - Bailor.
536. An award has been given by Ombudsman. Any party can file appeal within ______ on receiving award or the
Ombudsman rejecting his complaint to Appellate Authority - Deputy Governor: 30 days from the date on
which the bank receives letter of acceptance of Award by complainant.)
537. As per Priority sector guidelines, loans to individuals up to Rs._____ lakh in metropolitan centres (with
population of ten lakh and above) and up to Rs.____ lakh in other centres for purchase/construction of a dwelling
unit per family provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does
not exceed Rs. ____ lakh and Rs. _____ lakh respectively: 35; 25; 45; 30.
538. As per Banking Code and Standard Board of India (BCSBI) guidelines, what is the prudent time to call a
person for recovery of Banks dues: Between 7.00 AM to 7.00 PM.
539. Bank Guarantee is based on the legal concept of guarantee as contained in the Contract Act. Sec 126 of Indian
Contract Act, 1872 defines a contract of guarantee as: A contract to perform the promise, or discharge the
liability of a third person in case of his default.
540. What is the interest rate for the Loans under Rs. 3 lakhs sanctioned under DAY-NRLM by banks to SHG: 7%
541. Where the customer is an unincorporated association or body of individuals, the beneficial owner is the natural
person, who, whether acting alone or together, or through one or more juridical person, has ownership of
/entitlement to more than ____% of the property or capital or profits of the unincorporated association
or body of individuals: 15.
542. RBI has decided, as a countercyclical measure, to rationalize the risk weights by linking them only with LTV
ratios for all new housing loans sanctioned on or after 16th Oct. 2020 and up to March 31, 2022. Such loans shall
attract a risk weight of ____% where LTV is less than or equal to 80%: 35
543. Account becoming NPA within 12 months is called: Quick mortality.
544. Derivative is defined as: A financial contract that derives its value from another financial product /
545. commodity called underlying such as a stock, stock index, a foreign currency, a commodity.
546. In case of claim of deceased by legal heir, Testamentary succession/disposition means: Distribution of the
property of the decreased on the basis of a Will.
547. A customer has given a power of attorney to an agent to operate his account. You receive a cheque signed
by the agent and you are informed that the agent has died. How will you handle the cheque: Pay the cheque as
principal is still alive and for all the acts of agent principal is liable.
548. Banks are required to periodically update KYC records. This is a part of their ongoing due diligence on bank
accounts. KYC is required to be done at least every _______ for Medium Risk customer: Eight years .
549. As per KYC guidelines, Trusts, Charitable institutions, NGO’s receiving foreign donations is to be categorized under
which category: High Risk.
550.Bank has sanctioned credit facilities to two Partnership firms in which partners are common and identical. Firm
A has overdue loan liability. Firm B has credit balance. Can the bank exercise the right of Set-Off: Yes, because
partners are common and identical and further partners are jointly and severally liable
551. A bank has sanctioned credit facility to a Company. The responsibility of getting the charge registered with
Registrar of Companies is that of ______: Borrowing Company
552. What is the extent of guarantee cover available under Credit Guarantee Scheme for Stand Up India
(CGSSI)? (80% of the amount in default for credit facility above Rs. 10 lakh and upto Rs. 50 lakh, subject to
a maximum of Rs.40 lakh. For credit facility above Rs.50 lakh and upto Rs.100 lakh- Rs.40 lakh plus
50% of amount in default above Rs. 50 lakh subject to overall ceiling of Rs. 65 lakh of the amount
in default.)
553. Rearing/Farming of Fresh Water Fishes is called: (Aquaculture )
554. Food Credit is classified under which sector as per RBI Classification? (Priority Sector)
555. What is the maximum Turnover Criteria for Micro Enterprises under MSME? (Rs. 5.00 crores)
556. CGTMSE may reject the claim if the account turns NPA within a period of ___from the date of revival of
account. (180 days)
557. At least ____% of the beneficiaries under NRLM should be SC/STs: (50%)
558. Under second Financial assistance in PMEGP, the maximum cost of the project/unit admissible under
Service/Trading sector for up-gradation is: (Rs. 25 lakh)
559. Loans granted to units in the KVI sector will be eligible for classification under: (Micro Enterprises under
MSME)
560. At least ____ percentage of loans granted to SHGs under NRLM to be used primarily for income generating
productive purposes? (50% of loans above Rs.2 lakh, 75% loans above Rs.4 lakh and 85% of loans above Rs.6
lakh)
561. What is the amount that can be financed to an SHG under NRLM in second dose? (8 times of the existing
corpus or minimum of 2 lakh, whichever is higher)
562. In Hybrid security model under CGTMSE Coverage, CGTMSE will have what type of charge on
Primary and Collateral Securities? (Pari-passu Charge for Primary Security and 2nd charge on collateral
security)
563. Under 2nd dose financial assistance under PMEGP for existing units, maximum cost of the project/unit
admissible under manufacturing sector for up-gradation is: (Rs.1.00 Crore)
564. Under 2nd dose financial assistance under PMEGP for existing units, the rate of subsidy is: (15% for general
category & 20% in NER and Hill States)
565. Under 2nd dose financial assistance under PMEGP for existing units, what is the percentage of
contribution required by the beneficiary? (10% for all categories).
566. Maximum Overdraft limit permissible in PMJDY Accounts is: (Rs.10,000/-)
567. Bank finance to agriculture Infrastructure projects up to what amount can be classified under Priority
Sector Lending? (100 crores)
568. What is the target for Banks to achieve finance to Micro Enterprises? (7.5% of ANBC or CBOE
whichever is higher).
569. Bank credit to registered NBFCs (other than MFIs) for on-lending to Micro & Small enterprises will be
eligible for classification as priority sector subject to the maximum loan amount per borrower does not
exceed: (Rs.20.00 lacs)
570. Under NRLM, the group should have at least what percentage of members from poor families? (70%)
571. Bank credit to NBFCs (including HFCs) for on-lending under Agriculture, MSME and Housing up to certain
limit is allowed for classification under Priority Sector up to an overall limit of ____ percent of individual
bank’s total priority sector leading:(5%)
572. No margin to be stipulated for Bank loans under agriculture up to what amount: (1.60 Lacs)
573. For default in payment of monthly contributions under Atal Pension Yojana, what is the amount of
penalty to be charged for monthly contributions worth up to Rs. 100: (Rs. 1 per month for contribution up
to Rs. 100 per month.).
574. For Agri infrastructure under Priority Sector how much is limit: Rs. 1 billion.
575. What is the subsidy cover for Stand-Up India scheme for loan upto 50 lac: (80%).
576. How much ___% of loans above 4 lakhs to be used for income generating to SHG members: (75%)
577. What is the SC/ST % of minimum beneficiary in DAY- NRLM to be maintained: (50%)
578. As per Minority Community Act 1992, there is five community in India - Muslim, Christians, Sikhs,
Buddhists, Jains and ____: Parsis
579. A user can send up to Rs._____ per transaction and a maximum of Rs.______ per day for one bank account
linked with BHIM:( Rs. 40,000/-and Rs.40,000/-)
580. What is the minimum number ____% of member in urban poor families in NULM : (70% with minimum 3
members)
581. What will be the Maximum guarantee cover in CGSSI loan upto Rs.50 lakh where maximum amount of
guarantee is Rs.40 lakh: (80%)
582. What will be the max loan given to Agri-clinic/Agri business centre for which no collateral is to be taken:
(Rs.5 lakhs).
583. Loan to NBFC - maximum amount given is Rs.___ lakhs which can be taken for priority sector
classification: ( 10).
584. Education loan Central Scheme of Interest subsidy what is the loan amount without Collateral and Third
party guarantee: (Rs.7.50 lakh)
585. Section 11 of Banking Regulation Act deals with: Minimum paid-up capital and reserves required by
a Banking Company)
586. Power of Court to try case summarily for offences under N.I. Act is defined in: (Section 143 of NI Act).
587. Amount of External Commercial Borrowing limit per Start-up in financial year is limited to: (USD 3 million
or equivalent).
588. What should be the Risk Weight of exposure of Bank to NBFCs? (Bank exposures to NBFCs, excluding
Core
Investment Companies, will be risk weighted according to ratings assigned by agencies. Exposures to
CICs, rated as well as unrated, will be risk-weighted at 100%).
589. Crystallization of foreign currency Import bills drawn under Letters of Credit shall be done into Rupee
liability with in what period? (On the 10th day from the date of receipt of documents in the case of
demand bills and on the due date in case of usance bills.)
590. Appeal against the award or decision of the Banking Ombudsman to be made within a period of
____: (30 days of the date of receipt of the Award)
591. Crystallization of Export bills sent for collections to be done at which rate: (TT Buying rate)
592. What is the rate of incentive payable to Bank Branches for exchange of soiled notes up to
denomination Rs. 50 over the counter? ( Rs.2 per packet)
593. The name of Portal used for reporting Currency chest transactions to RBI is: (CyM-CC portal)
594. What is the penalty payable by Bank to RBI for detection of counterfeit notes in soiled note remittance
and chest balances: (100% of the national value of Counterfeit Notes, in addition to the recovery of
loss to the extent of the notional value of such notes).
595. Contactless payment through card can be made by placing the card at close proximity to the device
using Radio frequency identification (RFID) and Near field communication (NFC) within a maximum
distance of _______: 4.00 cm.
596. R-42 is meant for: RTGS transactions for Bank to Bank.
597. Which is India’s first international exchange: India International Exchange (IFSC) Limited (India INX)
is India’s first international exchange in International Financial Services Centre (IFSC) located at
the Gujarat International Finance-Tec City (GIFT City). India INX is a subsidiary of BSE Limited.
598. Who is the Chariman of FSDC: Union Finance Minister - Smt. Nirmala Sitharaman is the chairman of
Financial Stability and Development Council (FSDC)
599. Bankers’ right to sell the pledged gold ornaments is under which Act: Indian Contract Act, 1872.
600. Bankers’ Book Evidence Act is enacted in which year? 1891 RTI act was enacted in the year ______: 2005
601. Tax Exemption for deposits comes under Section _____ of IT Act: 80C
602. If in a PPF account, a customer deposits more than Rs.1,50,000 what is the rate of interest paid for
the excess amount? No interest payable
603. Joint and several liability is applicable for which type of customer? Partners in Partnership firm
604. Which pass is in Arunachal Pradesh? Bom Di La Pass
605. New Name for PMAY. Abhilasha Home loan scheme
606. Notices 13 (2) and 13 (4) relate to _____ and _____ under Sarfaesi Act: Demand [Sec 13(2)] and
Possession [Sec 13 (4)].
607. Who issues Sovereign Gold Bond: RBI
608. Which Is not a Browser: Google Pixle
609. Name of Educational Loan portal. ” Vidyalakshmi
610. Gold Bonds Issued for: Rs. 50 Per Gram
611. What is the expiry of RBI Floating rate interest Bond: RBI floating rate bonds interest rate @7.15% to
remain fixed till 30th June 2021. The bonds have a fixed tenure of seven years and minimum investment
of Rs. 1000/-
612. What is the amount allocated for education sector in Union budget 2020-21: Rs.99,300 crores and Rs,
3000 crore for Skill Development.
613. What was India’s GDP Growth for 2019-20? 4.2%
614. What is Govt. Contribution under NPS? 14% for Central Govt. Employees and 10% for other Govt.
Employees
615. Use of Hindi in Banks is governed by which Act? Use of Hindi in Public Sector Banks is governed by the
Official Languages Act, 1963 (as amended in 1967) and the Official Language Rules, 1976 (framed under
the Act by the Ministry of Home Affairs, Department of Official language, Government of India.
616. What is the lower limit to proceed under SARFAESI? The provisions of this Actare applicable only for NPA
loans with outstanding above Rs. 1.00 lac. NPA loan accounts where the amount is less than 20% of the
principal and interest are not eligible to be dealt with under this Act.
617. What is the full form RAROC: Risk Adjusted Return on Capital It measures return on investment
with the assumption that riskier projects should be accompanied by higher expected returns
618. What is the full form of CARE: Credit Analysis and Research is a credit rating agency in India
619. What is the full form of PCGS: Partial Credit Guarantee Scheme 2.0 was launched to provide portfolio
guarantee for purchase of bonds or commercial paper with a rating of AA and below by Public Sector
Banks issued by NBFCs/ HFCs / MFIs as a part of Aatmanirbhar Bharat Abhiyan
620. What is the full form of LGD? Loss Given Default
621. Basel I, Basel II and Basel III is related to which field? Minimum Captial requirement for Banks
622. APY exit at what age for getting pension: As per Atal Pension Yojana (APY) guidelines, subscriber can
exit from APY upon completion of 60 years and avail the pension.
623. NWC is 12, Current Liability is 48, then what is current ratio? Current Ratio = 1.25:1
624. What is the guarantee fee to be charged under CEGCL Scheme by NCGTC: NCGTC will not charge any
guarantee fee under the Scheme
625. Full form of FEDAI: Foreign Exchange Dealers Association of India announces exchange rates for
Indian Inter Bank Foreign Exchange Business
626. Exposure limits for Urban Co-operative Banks to a single borrower and group of borrowers ____ of
Tier-1
627. capital: The prudential exposure limits for UCBs for a single borrower/party and a group of connected
borrowers/parties shall be 15 per cent and 25 per cent, respectively, of their tier-I capital.
628. Financial Markets operations dept. controlled by: Reserve Bank of India
629. MSP of agri commodities recommeded by :Commission for Agricultural Costs and Prices (CACP)
630. IPO maximum loan amount to individual: In case of Initial Public Offer (IPOs)/ Follow-on Public Offer
(FPOs) maximum amount of finance to an Individual for IPOIFPO is Rs 10.00 lakh.
631. UFCE expansion: Unhedged Foreign Currency Exposure
632. NCLT appeal time: As per Section 61(2) of the IBC Code, the time limit for filing an appeal against
the decision of NCLT is thirty days from the date of the order of NCLT.
633. Loan to bank directors and relatives getting confirmation from the board: Unless sanctioned by
the Board of Directors, banks should not also grant loans and advances aggregating Rs.25 lakh and
above to bank directors and relatives
634. Reporting of Frauds to CBI: Cases to be referred to CBI - Rs. 3.00 Crore and above but uptoRs. 25.00
Crore
635. Federal Bank head quarters: Aluva Kerala
636. Full form of RXIL: Receivable Exchange of India Ltd.
637. Which of the following does not guarantee credit: DI&CGC, CGTMSE, NCGTC. Ans is DI&CGC
638. OECD - Organisation for Economic Co-operation and Development: HQ - PARIS.
639. Head Quarters of Bank of International Settlement: Basel, Switzerland.
640. For setting up new Currency Chests in areas other than hilly / inaccessible places, the minimum area of
strong room should be ___ and the minimum Processing capacity of ____ pieces of banknotes per day:1500
sq ft and 6,60,000.
641. Full form of TReDS: Trade Receivables Discounting System.
642. ______% of the beneficiaries under NRLM should be minorities is: 15%.
643. Loans under Prime Ministers Mudra Yojana are covered under : CGFMU
644. Power of attorney becomes invalid after death of the ______: Donor or Principal..
645. Internal Rate of Return is arrived at a point where future cash flows on Net Present Value basis should be: Zero.
646. Under GST, e-Way bill is mandatory for inter-state transportation of goods where value of goods/bill
exceeds Rs_____: Rs.50,000/-.
647. RBI has decided to introduce the LEI system for all payment transactions of value Rs. ______ crore
and above undertaken by entities (non-individuals) using Reserve Bank- run Centralised Payment Systems viz.
Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT): 50.
648. Securitisation is related to _________: Recycling of blocked funds.
649. Where obsolescence rate is high, which method of capital budgeting is more appropriate: Pay Back method.
650. Deposit is classified as bulk if the single amount is Rs.___ cr and above: 2.
651. In case of Limited Liability Partnership (LLP), liability of partners is restricted upto: Amount agreed to
be contributed by the partners.
652. 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.
653. Address change by customer to be conveyed to Bank: Within 2 weeks. If it relocation of account, it is 6
months.
654. Standby letter of credit is same as: Bank Guarantee
655. Focus of DAY-NRLM is on coverage of vulnerable sections of the society so that ________% of the
beneficiaries are SC/STs.: 50
656. Safe deposit locker holder has died. You see a sealed box among other things. As per the procedure of
inventory handling what you will do ? Banks are not required to open sealed/closed packets left with them for
safe custody or found in locker while releasing them to the nominee(s) and surviving locker hirers / depositor
of safe custody article.
657. Partners liability with respect to CC advance of bank to the partnership is: unlimited.
658. Mortgage is: Transfer of interest in Immovable property. It is not transfer of property.
659. 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.
660. Club's cheque presented while the treasurer (the authorised signatory) has died: The cheque shall be
honoured.
661. 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.
662. To authenticate a Digital signature, which of the following keys are used: Private key and public key.
663. National Financial Switch of IDRBT (now with National Payment Corp of India): ATM network.
664. Advance of up to Rs. 5 Crore can be allowed to units in Social Infrastructure for setting up schools,
drinking water facilities to be classified in:Priority Sector Lending.
665. Safe deposit locker rent 7400, break open charges 2000. TDR amount (3 years rent + Break open Charges=
24200)
666. Grace period is given in usuance B/E -3 days as per:Section 22 of N.I.Act.
667. DDOS in software full form: Distributed Denial of Service Foreign students account - what is first month cap in
account pending compliance of rent agreement = Deposit 1,000 USD withdrawal maximum Rs. 50,000/-
668. As per BCSBI guidelines, how many days’ advance notice is required to be the sent to SB/CD account holder,
when there is any change in minimum balance stipulation: 30
669. As per BCSBI guidelines, in case bank closes the SB/ CD account of customer, advance notice of how many
days is required:30
670. Small account can remain operational initially for a period of ___ months and thereafter, for a further
period of ____ months, if the holder of such an account provides evidence to the bank of having applied for any
of the officially valid documents within ____ months of the opening of such account: 12,12,12
671. “Shell Bank” means ______: A bank which isnincorporated in a country where it has no
physical presence and is unaffiliated to any regulated financial group.
672. Unclaimed deposit accounts are categorized as ____ risk accounts at the time of blocking the account: High.
673. The penalty for non-compliance with operational guidelines detected by RBI officials by currency
chests such as non-functioning of CCTV, branch cash / documents kept in strong room; non-utilization of NSMs
for sorting of notes is Rs. ____ for each irregularity, The penalty will be enhanced to Rs. ___ in case of repetition.
(5000; 10,000)
674. RBI has decided to extend the time period for completion of remittances against normal imports into India
(except in cases where amounts are withheld towards guarantee of performance) from 6 months to _____months
from the date of shipment for such imports made on or before July 31, 2020: 12
675. Financial Papers to be submitted in CGTMSE coverage for loan amount : Above 10 lakhs
676. TDS on Rent wef 01.04.2019: Above Rs 2,40,000 per annum.
677. Senior Citizen Savings Scheme - Minimum, Multiple of and Maximum amount is: Rs. 1000, Rs.1000 & Rs.15
lacs.
678. Gold Monetisation Scheme, medium and Long term investment period: 5 to 7 years and 12 to 15 years.
679. What should be the Risk Weight of exposure of Bank to NBFCs: Bank exposures to NBFCs, excluding
core investment companies, will be risk weighted according to ratings assigned by agencies. Exposures to
CICs, rated as well as unrated, will continue to be risk- weighted at 100%.
680. CERSAI full form: Central Registry of Securitisation Asset Reconstruction and Security Interest of India.
681. Function of esc in keyboard: Cancel the current tab
682. Garnishee order - if no amount is mentioned: Total amount to be attached.
683. The KYC Policy consists of the following four key elements: Customer Acceptance Policy; Customer
Identification Procedures; Monitoring of Transactions; and Risk Management.
684. Chairman of District Consultative Committee: District Collector / Deputy Commissioner / District
Magistrate.
685. The bank is committed to compensate the customers for any delay in returning title deeds of mortgaged
property beyond _____ days of the repayment of all dues: 15
686. What is the time limit for implementing the award by Bank after it has been accepted by the complainant
under Banking Ombudsman scheme: One month from the date of acceptance.
3. RECALLED & EXPECTED QUESTIONS SUBJECT WISE
A. MOST IMPORTANT QUESTIONS ON KYC

1. KYC/Anti-Money Laundering (AML)/Combating of Financing Terrorism (CFT) Guidelines, are as per under
Section………………..?35A of the Banking Regulation Act, 1949.
2. As per Sec …… of Prevention of Money Laundering Act, “Money Laundering” is an offence committed by anyone who
acquires, owns, possess or transfers any proceeds of crime. 3
3. Know Your Client (KYC) Identifier is the unique number or code assigned to a customer by the ………….? Central KYC
Records Registry
4. ……means the capturing live photo of the customer and officially valid document or the proof of possession of
Aadhaar, where offline verification cannot be carried out. Digital KYC”
5. …………..introduced digitally to on board non face to face customer i.e. account opened through Canara Diya
application using OTP based e-KYC authentication. Video based Customer Identification Process (V-CIP)
6. ……….., to be carried out by a bank official, the official of the bank performing the V-CIP shall record video as well as
capture photograph of the customer. Live V-CIP
7. ……….. shall be captured to ensure that customer is physically present in India. Live location of the customer (Geo-
tagging )
8. All accounts opened through V-CIP shall be made operational only after being subject to………audit, to ensure the
integrity of process. concurrent
9. ………..means an electronic equivalent of a document, issued by the issuing authority of such document with its valid
digital signature including documents issued to the digital locker account of the customer. Equivalent e-document”
10. …………..will help the Bank to identify customers, track the facilities availed, monitor financial transactions in a
holistic manner. A Unique Customer Identification Code (UCIC)
11. The Client shall submit updated Officially Valid Document with current address within a period of ……….months of
submitting the above document. 3
12. Individuals (other than High Net Worth) and entities, whose identity and source of income, can be easily identified,
and customers in whose accounts the transactions conform to the known profile, may be categorized as ………..risk.
LOW
13. Gas Dealers, Car/boat/plane dealers, Electronics (wholesale), Travel agency, Telemarketers, Telecommunication
service providers, Pawnshop Auctioneers Restaurants, Retail shops are the types of…….Risk category customers.
Medium
14. Under vintage parameter, newly opened CASA accounts which have not completed 6 months shall be categorised
as………..? High Risk
15. Risk rating based on the Deposits/account balance in the account, All Deposit Accounts (SB+CA+TD), In case of
Medium risk , Balance maintained as …………?
Rs 25 lakhs & Above but Less than Rs 100 Lakhs
16. Parameters for defining High Net worth Individuals, Average balance of Rs. …….and above in all deposit accounts
(SB+CA+TD).& Enjoying Fund based limits/term loans exceeding Rs. ……..lakh.
Rs. 100 lakh, Rs. 100
17. Government of India has authorised the ………….to act as, and to perform the functions of the CKYCR. Central Registry
of Securitisation Asset Reconstruction and Security Interest of India (CERSAI)
18. In case of Depository Accounts, The ……….in Charge of DP service center shall be “Anti Money Laundering Officer
(AMLO)”,
Manager/Officer
19. Accounts can be opened using OTP based e-KYC in non-face-to-face mode, but there must be a specific consent from
the ……….for authentication through OTP. customer
20. Bank can open a Non ……….account of a foreign student on the basis of his/her passport.
Resident Ordinary (NRO)
21. Account of a foreign student in India, During the 30 days period, the account should be operated with a condition of
allowing foreign remittances not exceeding USD ……….. or equivalent into the account and a cap of monthly
withdrawal to Rs. ………./-, pending verification of address. 1,000, 50,000
22. ………..are individuals with bank accounts who are recruited by fraudsters to receive cheque deposit or wire transfer
for the purpose of money laundering. Money Mules
23. In case of Simplified norms for Self Help Groups (SHGs), KYC verification of all the members of SHGs need not be
done. KYC verification of all the ……..would suffice. Office bearers
24. Bank is having a system of periodical updation of customer identification data, due diligence measures/full KYC
exercises to existing clients at least every ……..years for High Risk customers. 2
25. All cash transactions, where forged or counterfeit Indian currency notes have been used as genuine shall be reported
to FIU IND by ………. day of the next month on monthly basis.
15th
26. All cross border wire transfer of the value of more than Rs ……. lakhs to be reported to FIU IND .
Rs. 5 lakh
27. Records of ALM to be preserved for ……… years. 10
28. Domestic Wire Transfer ₹……../- and above should contain full information like name, address, a/c number etc. Rs.
50000
29. Suspicious Transaction Reports (STR) to reportedwithin …… days of arriving at a conclusion that any transaction. 7
30. Receipt transaction of more than Rs ….. Lacs or equivalent in foreign currency in NPO accounts in an month is
reported to FIU-IND by …… of the succeeding month.
Rs. 10 , 15th
31. Cross-border Wire Transfer Report (CWTR) is required to be filed by ………… of succeeding month for all cross border
wire transfers of the value of more than Rupees ……….or its equivalent in foreign currency where either the origin or
destination of fund is in India.
15th, five lakh
32. Records pertaining to identification of the customer and his address to be preserved for at least ……… years after the
business relationship is ended. 5
33. To activate a KYC non- compliant account, approval from …………is mandatory. Concerned staff and Branch –in -
Charge will be held responsible for permitting debit transaction without ensuring KYC compliance. Regional Head
34. Accounts of Trusts/Charities/Organisations, receiving foreign funding should be opened after permission of………….?.
Ministry of Home Affairs
35. Branches to submit the statement of inward remittances received by the Associations registered under FCR Act 2010
to MIPD section of their Circle within ………. days from the due date as at March and September every year. 15
36. Accounts of dealers in jewellery, gold/silver/bullions, diamonds and other precious metals/stones are to be
categorized under …….Risk. High
37. Risk rating based on the Deposits/account balance in the account, All Deposit Accounts (SB+CA+TD), In case of LOW
risk , Balance ma intained as …………?ANS: Less than Rs 25 Lakhs
38. The accounts with “Relaxed KYC guidelines” can be opened under ……………? “Canara Small Savings Bank Deposit
Account”
39. Accounts of Foreign Portfolio Investors (FPIs) for Portfolio Investment Scheme (PIS): Accounts shall be opened by
accepting KYC documents subject to Income Tax ………..Rules.FATCA/CRS
B. MOST IMPORTANT QUESTIONS ON DEPOSIT
1. Account opening form for all types of deposit accounts for Resident Individual NF ………… Non – individuals – NF
……. introduced. ANS : NF1018 , NF-1019
2. CASA account opening is now centralised at Centralized Processing Hub (CPH). There are ………… CPHs Pan India
and they are at Patna, Ranchi,………………? ANS : 6
3. Introduction of mobile scanning facility has been enabled for uploading of SB account opening document to
……..?ANS : CPH
4. Monthly Average Minimum Balance (MAMB) (With or Without Cheque Book) at METRO / URBAN branches is
fixed…………? ANS : Rs. 1000
5. Cheque Leaves: 20 cheque leaves free in a calendar year. Beyond 20 leaves, Rs………… per cheque leaf MICR
charges for Rural and Non-Rural Individual. ANS : Rs. 4
6. In case of SB accounts, If Debit Entries (excluding Alternate Channels) exceeds 50 per half- year, either by
cheques or otherwise, charges at Rs………./- per debit to be collected.ANS : Rs. 10
7. The joint Account of the pensioner with spouse can be operated either by ………………..?ANS : “Former or
Survivor” or “Either or Survivor .
8. Central Pensioners who are aged 80 years & above can submit Life Certificates from ……?ANS : 1st October 2021.
9. Digital Life certification of pensioners/family pensioners by linking Aadhaar based biometric verification system
to ………..Portal of Government of India is implemented.ANS : Jeevan Pramaan
10. NF ………….is to be obtained from the pensioners/family pensioners at the time of commencement of
pension/family pension.ANS : NF 173
11. In case of “ SB POWER PLUS “ Account, In case of non-maintenance of minimum balance, a penalty of Rs……………
per quarter will be levied till regularization.ANS : Rs. 250
12. Under “ CANARA PAYROLL PACKAGE SCHEME “ , TOD permitted after the account completes……… months with
satisfactory dealings. Duration of TOD 15 days & maximum …………in a year.ANS : 6, two times
13. In case of “ CANARA JUNIOR SB AC ““Junior Debit Card–Rupay” will be issued in his/her own name, Total Debit
Transaction limit (incl ATM withdrawal) per month Rs……… is permitted.ANS : Rs. 10000
14. In case of “ CANARA GALAXY -136” account , Personal Insurance (Accidental death) cover of Rs………. - is
extended free of cost. Renewal of insurance is subject to maintenance of average annual balance of Rs………. /-
ANS : Rs. 500000/ , Rs. 50000
15. For “Mentally ill” persons, the authority for appointment of guardians will be the ……………..under Mental health
Act 1987.ANS : District Court and District Collector
16. Under “ DSB –DOOR STEP BANKING “ services , Financial Services – Cash Withdrawal minimum Rs ………./- and
maximum Rs. ………./- per request.ANS : Rs. 1,000, Rs. 10,000
17. Under “ DSB –DOOR STEP BANKING “ services, Service Charges: Nominal charges of Rs………… /- plus GST (Total Rs.
88.50) per booking.ANS : 75
18. Wherever Thanks giving letter in NF 154 sent is returned undelivered, Branches can mark High Severity memo in
option …………in CBS. ANS : CIM 13, ( BA437 )
19. Deposits of Rs ……… lakh per person per Bank are having insurance coverage from DICGC.ANS : Rs. 5 lakh
20. Before opening a CA branches should contact their ………….and obtain a confirmation through FAX/email regarding
verification of CRILC data base and ensure that the prospective customer is not enjoying credit facilities from other
banks.ANS : General Advances Section, CO
21. Current Account can be opened when Aggregate Exposure is less than ………underatking from the Borrower to
inform the Bank when the exposure crosses .ANS : -Rs. 5 crores
22. Cash handling charges free upto Rs…….. Lakhs per day for de-Nominations of Rs.100 & above. Maximum
remittance not to exceed Rs……….. Lakhs per month.ANS : Rs. 5 lakh Rs. 50 lakh
23. If “ CANARA PRIVILEGE ACCOUNT -214 “ is closed before 1 year, Rs………penalty is charged.ANS : Rs. 2000 + GST
24. In case of “ KDR “ , No interest is payable if the deposit is closed before maturity before completion of ……..
days period.ANS : 7
25. Under “ CANARA UNIQUE “ deposit scheme, Min amount of Deposit – Rs. ………../- and maximum amount less than
Rs……...?ANS : Rs. 25000, Rs. 2 Crore
26. Branches should obtain prior permission and also the rate of interest before securing fresh deposits/renewal of
domestic/NRO/NRE term deposits of Rs………….. crore & above including for auto- renewals.ANS : Rs. 2 crores
27. A penalty of ……….% applicable on TDs under Capital Gains Account scheme, closed before maturity, irrespective
of the size of the deposit amount.ANS : 1%
28. With effect from 01.04.2020, Pigmy Deposit Scheme of erstwhile Syndicate Bank and New Nitya Nidhi Deposit
(NNND) Scheme of Canara Bank are merged and renamed as……….?.ANS : NITYA NIDHI DEPOSIT (NND) Scheme
29. Undere NND deposit scheme, Minimum amount of Rs ……../-. Acceptance of daily deposits of amounts as small as
Rs ……/- , maximum amount- Rs………/-(Max.Rs…………./- in a month).ANS : Rs. 50, Rs. 50, Rs. 1000, Rs. 30000
30. The branch can allow refund of NND Deposits after ………… months or on maturity and also arrange transfer of
NND Deposit by the natural guardian, provided the minor has not attended majority on the date of refund or
transfer.ANS : 39
31. Loans can be granted against NND accounts subject to delegation of power up to a maximum of …….% of the
balance outstanding in the deposit account together with collection already made pending credit to the account.
ANS : 75%
32. NND deposit account shall be balanced every month as on the…………… of the month.The extraction of balances
shall be made from the System only.ANS : First working day
33. The existing card rates for Retail Term Deposits will be applicable for less than Rs……… Crore.ANS : Rs. 2 crores
34. Bank is not accepting Bulk term deposits under Non-callable segment for maturities of ……… years and above.
ANS : 5
35. For single domestic term deposit of Rs.10 Crore and above branches to take up with …………through MIPD & PP
Section of respective Circle office for obtaining permission to accept the deposits.ANS : T & I Division, Integrated
Treasury Wing, Mumbai, H.O.
36. Minimum period for renewal of domestic / NRO term deposits is …… days irrespective of the size of deposit.
ANS : 7
37. Where NRE deposit is to be closed before maturity before completion of one year from the effective date of the
deposit, NO interest shall be payable on such premature closure. Is the statement is correct ?ANS : YES
38. A penalty of 1.00% is waived in case of premature closure/premature extension of NRE term deposit of Rs ……….&
above.ANS : 2.00 crores
39. Only …………..are empowered to permit the transfer of deposit with the same City/Town/ Municipal area during
its tenure, irrespective of the amount.ANS : CIRCLE OFFICE
40. Notice for closure of inoperative SB/CA accounts should be sent in NF-………… if the balance is less than the
minimum balance as applicable to the branch.ANS : NF-799
41. Unclaimed deposits are to be categorised as ………RISK deposits.ANS : HIGH
42. Dishonour of a cheque on ……….occasions during the financial year will attract stoppage of cheque book facility
and closure of account.ANS : 6th
43. Bank will be constrained to close the account, if ECS mandates are dishonoured for the reason insufficient funds
on ………occasions during the financial year.ANS : 4
44. In the event of dishonour of cheques valuing more than Rs.1 Crore and above and cheque favouring stock
exchange irrespective of amount on …….. occasions during a financial year for want of funds, NO fresh cheque book
should be issued and Bank may consider closure of such account.ANS : 4
45. In case of all Accounts (SB/CA/ODD/OCC) Inward/Outward Return Charges are applicable Upto 1 Cr. ………..
ANS : - Rs.500/- + GST.
46. Tax at higher of the prescribed rate or ………% will be deducted on all transactions liable to TDS, where the PAN
of the deductee is not available.ANS : 20%
47. The threshold limit for TDS on Interest Income other than interest on securities has been increased from
Rs.10,000/- to Rs…………. /-ANS : Rs. 40,000
48. In FDR accounts, TDS will be deducted at the time of interest payment and on the last day of the Financial Year
for interest accrual part. Do you agree with this ?ANS : YES
49. New procedure for submission of Lower Deduction Certificates ……………..by Branches w e f 1st April 2019 is
introduced .ANS : U/S 197 (1) of Income Tax Act1961
50. Overdraft granted to PMJDY accounts may be classified under …………instead of “ others”, provided the borrowers
household annual income does not exceed Rs…………. for rural areas and Rs…………. for non-rural areas.
ANS : “ MSME”, Rs. 100000, Rs. 160000
51. APY accounts which are closed within a period of 12 months from their opening or which have NIL balances, NO
Incentive will be admissible to Banks from the Government for such accounts. TRUE / FALSE ?ANS : TRUE
52. Under the “ Pradhan Mantri Kisan Samman Nidhi “ Scheme, Government of India, will provide the landholder
farmer families with total cultivable holding upto 2 hectares a benefit of Rs………. per annum per family payable in three
equal instalments, every four months.ANS : Rs. 6000
53. Now, any citizen of India between the age group of ………..years can open NPS account on visiting our corporate
website.ANS : 18 to 70
C. MOST IMPORTANT QUESTIONS ON PRIORITY SECTOR
1. Target for “AGRICULTURE ADVANCES ” is ……… percent of ANBC or CEOBE, whichever is higher. Within the 18
percent target for agriculture, a target of 10 percent of ANBC or CEOBE, whichever is higher. ANS : 18%
2. Target for “MICRO ENTERPRISES” is …………percent of ANBC or CEOBE, whichever is higher. ANS : 7.5%
3. Target for “WEAKER SECTION” is ……….. Percent of ANBC or CEOBE, whichever is higher. ANS : 12%
4. Target Under “AGRI ADVANCES” In farm credit, Loans to farmers against pledge/hypothecation of agricultural
produce (including warehouse receipts) for a period not exceeding 12 months subject to a limit up to Rs. ………..lakh
against NWRs/eNWRs and up to Rs. ………..lakh against warehouse receipts other than NWRs/ eNWRs. ANS : Rs. 75, Rs. 50
5. Under priority sector advances, Loans to corporate farmers, farmers’ producer organizations/companies of
individual farmers, partnership firms, up to an aggregate limit of Rs……….. crore per borrower. ANS : Rs. 2 crores
6. Target Under “ AGRI ADVANCES “ In farm credit, Loans up to Rs. …… Crore per borrowing entity to FPOs/FPCs
undertaking farming with assured marketing of their produce at a pre-determined price. ANS : Rs. 5 crores
7. Under Priority sector, in respect of “ AGRICULTURE INFRASTRUCTURE” , for Soil conservation and watershed
development, an aggregate sanctioned limit of Rs…………. Crores per borrower from the banking system, will apply.
ANS : Rs. 100 crores
8. Under Priority sector, in respect of “ANCILLARY ACTIVITIES “Loans up to Rs………. Crores to co-operative societies
of farmers for disposing of the produce of members are covered. ANS : Rs. 5 crores
9. Under Priority sector, in respect of “ANCILLARY ACTIVITIRES “Loans up to Rs. ……….. crores to Start-ups, as per
definition of Ministry of Commerce and Industry, Govt. of India that are engaged in agriculture and allied services are
covered. ANS : Rs. 50 crores
10. Under Priority sector, in respect of “ ANCILLARY ACTIVITIRES “Loans for Food and Agro-processing up to an
aggregate sanctioned limit of Rs…….. crores per borrower from the banking system are covered. ANS : Rs. 100 crores
11. Under Priority sector, in respect of “ ANCILLARY ACTIVITIRES “Loans sanctioned by banks to NBFCs (other than
MFI) for on-lending to ‘Term lending’ component under Agriculture up to Rs………. lakh per borrower, subject to
conditions are covered. ANS : Rs. 10 lakh
12. Define “ SMALL FARMER “ as per land holding criteria . ANS : Farmers with a landholding of more than 1 hectare
and up to 2 Hectares.
13. Define “ MARGINAL FARMER “ as per land holding criteria. ANS : Farmers with landholding of up to 1 hectare
14. As per Small Farmer / marginal farmer norms under priority sector guidelines, Loans up to Rs. ………. lakh to
individuals solely engaged in Allied activities without any accompanying land holding criteria is considered.
ANS : Rs. 2 lakh
15. Loans to FPOs/FPC of individual farmers and co-operatives of farmers directly engaged in Agriculture and Allied
Activities where the land-holding share of SMFs is not less than ………… per cent. ANS : 75
16. Define “ MICRO ENTERPRISES “ as per investment in plant & machinery , equipment. ANS : Investment in plant
and machinery or Equipment, Does not exceed Rs.1 rore and Turnover does not exceed Rs.5 Crores.
17. Define “ SMALL ENTERPRISES “ as per investment in plant & machinery , equipment. ANS : Investment in plant
and machinery or Equipment, Does not exceed Rs.10 Crore and Turnover does not exceed Rs.50 Crores.
18. Define “ MEDIUM ENTERPRISES “ as per investment in plant & machinery , equipment. ANS : Investment
in plant and machinery or Equipment, Does not exceed Rs.50 Crore and Turnover does not exceed Rs.250 Crores.
19. All loans to units in the KVI sector will be eligible for classification under the sub-target of …………… percent
prescribed for Micro Enterprises under priority sector. ANS : 7.5 %
20. As per priority sector guidelines, Incremental export credit over corresponding date of the preceding year, up to
…… percent of ANBC or CEOBE, whichever is higher, subject to a sanctioned limit of Rs………. Crores per borrower. ANS :
2% , Rs. 40 crores
21. Loans to individuals for educational purposes, including vocational courses, not exceeding Rs. ………. lakh will be
considered as eligible for Priority Sector classification. Loans currently classified as priority sector will continue till
maturity. ANS : Rs. 20 lakh
22. As per priority sector guidelines, Loans to individuals up to Rs. …….. lakh in metropolitan centres (with
population of ten lakh and above) and loans up to Rs. ………. lakh in other centres for purchase/construction of a dwelling
unit per family. ANS : Rs. 35 lakh, Rs. 25 lakh
23. As per priority sector guidelines, Loans for repairs to damaged dwelling units conforming to the overall cost of
the dwelling unit up to Rs. ……… lakh in metropolitan centres and up to Rs. ……. lakh in other centres. ANS : Rs. 10
lakh, Rs. 6 lakh
24. Bank loans to any governmental agency for construction of dwelling units or for slum clearance and rehabilitation
of slum dwellers subject dwelling units with carpet area of not more than_________. ANS : 60 sq m
25. As per priority sector guidelines , Bank loans for affordable housing projects using at least ………..% of FAR/FSI for
dwelling units with carpet area of not more than ………. sq.m. ANS : 50% , 60
26. Bank loans to Housing Finance Companies (HFCs), approved by NHB for their refinance, for on-lending for the
purpose of purchase/construction/ reconstruction of individual dwelling units or for slum clearance and rehabilitation of
slum dwellers, subject to an aggregate loan limit of Rs. ……… lakh per borrower. ANS : Rs. 20 lakh
27. Bank loans up to a limit of Rs. ……. Crores per borrower for setting up schools, drinking water facilities and
sanitation facilities including construction/ refurbishment of household toilets and water improvements at household
level, etc are considered. ANS : Rs. 5 crores
28. loans up to a limit of Rs. …….. crores per borrower for building health care facilities including under ‘Ayushman
Bharat’ in Tier II to Tier VI centres are considered ANS : Rs. 10 crores
29. Bank loans up to a limit of Rs. ………. Crores to borrowers for purposes like solar based power generators,
biomass-based power generators, wind mills, micro-hydel plants and for nonconventional energy based public utilities are
considered. ANS : Rs. 30 crores
30. Loans not exceeding Rs. ……../- per borrower provided directly by banks to individuals and individual members of
SHG/JLG, provided the individual borrower’s household annual income in rural areas does not exceed Rs…… lakh and for
non-rural areas it does not exceed Rs……… lakh. ANS : Rs. 1 lakh , Rs. 1 lakh, Rs. 1.60 lakh
31. Loans not exceeding Rs. ………… lakh provided directly by banks to SHG/JLG for activities other than agriculture
or MSME, viz., loans for meeting social needs, construction or repair of house, construction of toilets or any viable
common activity started by the SHGs. ANS : Rs. 2 lakh
32. Loans to distressed persons [other than distressed farmers indebted to non-institutional lenders] not exceeding
Rs……….. lakh per borrower to prepay their debt to non-institutional lenders. ANS : Rs. 1 lakh
33. The loan is to be extended to a borrower whose household annual income in rural areas does not exceed Rs.
…………/- while for non-rural areas it should not exceed Rs. …………../- as per priority sector guidelines. ANS : Rs.
125000, Rs. 2 lakh
34. A “qualifying asset” shall mean a loan disbursed by MFI, Tenure of the loan not to be less than ……….. months for
loan amount in excess of Rs. ………… with prepayment without penalty. ANS : 24 months, Rs. 30000
35. Under Housing: Enhancement of the existing limits for on-lending by HFCs from Rs.10 lakh per borrower increased
to Rs……….. lakh per borrower. ANS : Rs. 20 lakh
D. MOST IMPORTANT QUESTIONS ON AGRICULTURE

1. As per Service Area Norms under Agriculture lending guidelines, the branches can finance upto ………….kms in their
command area for all Priority Sector Advances. ANS : 25-30
2. For financing beyond 25-30 km the branches have to obtain the permission of ……………for branch sanctions for all
Priority Sector Advances. ANS : Regional Office
3. ……………….at Regional Office can permit for financing beyond 25-30 Kms considering the size of the advance, cluster
of loan proposals, capacity of the branch to service the account, etc. ANS : Divisional Managers / Assistant
General Manager
4. For the accounts coming under the powers of Chief Managers of branches and Assistant General Manager CAC of
Regional Office and above, the …………..can permit for financing beyond the stipulated distance of 25-30 km.
ANS : sanctioning authorities themselves
5. A new private sector general Insurance company namely, ……………..has been empanelled in addition to the 18 general
insurance companies already empanelled for implementation of PMFBY/ RWBCIS. ANS : Go-digit General
Insurance Company Ltd
6. For Loan other than crop loan, Insurance is waived upto ₹………./- ANS : Rs. 50000
7. Valuation of agricultural or landed property as security, AEOs and AEO Promotee Managers can do for Agricultural
loans upto a limit of Rs………… lakhs. ANS : Rs. 30 lakh
8. Independent valuation reports from 2 empanelled valuers in respect of loan accounts where the value of the property
(Land & Building) is Rs …… crores & above. ANS : Rs. 10 crores
9. Post sanction visit is undertaken within ………. days of disbursement to ascertain end use in case of Agri advances, NF
……. For loans granted to allied activities such as poultry, dairy, piggery, fisheries etc is used. ANS : 15-30
days , NF- 594
10. PIPR (Project Implementation Progress Report) for project finance to be submitted for term loans of ₹……… lakhs or
above on quarterly basis. ANS : Rs. 50 lakh
11. RBI has fixed a mandated target of …….% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of Off-
Balance Sheet Exposure, whichever is higher to be achieved in respect of Small and Marginal Farmers, for FY 2021- 22.
ANS : 9%
12. For Crop Production Loans/KCCs, Loan amount is as per Scale of Finance decided by the………..?. ANS : District
Technical Committee
13. For other than Crop Production Loans/KCCs, generally the applicant has to bring in margin For loans upto and
including Rs.1.60 Lakhs…………? ANS : NIL
14. For other than Crop Production Loans/KCCs, generally the applicant has to bring in margin For loans above Rs.1.60
Lakhs…………? ANS : 15% to 25% of the project cost Depending upon purpose & quantum of loan
15. In case of Canara Kisan OD irrespective of the limit, Mortgage of landed properties (prime security) having value at
least should be ………..% of the limit. ANS : 200%
16. In case of Tractor loans/power tiller/ Combine harvester/other farm Machineries, Mortgage of landed property is
required to be taken, the value should be atleast …………to the loan amount or security of tangible assets with
requisite margin valued equivalent to the loan amount. ANS : Equal
17. In case of Agri-clinics / Agri-business, For loans above Rs…………/-, Hypothecation of assets created out of loan
+Mortgage of landed property equivalent to loan amount + Co-obligation/ Guarantor. ANS : Rs. 10 lakh
18. In cases where tie-up arrangements (like in case of sugar factory, Tobacco Board etc.,) are available for recovery,
loans upto Rs……….. lakhs can be extended without insisting on mortgage under KCCS. ANS : Rs. 3 lakh
19. In case of KCC, For any genuine reason, if the borrowers cannot mortgage the entire land on which they are going to
raise the crops, branches are permitted to grant crop loans against the security of part of the land valued ………….the
loan amount. ANS : Twice
20. For loans granted for land development activities such as land leveling, sinking of well, value of security (Post
development value) should be minimum of …………….% of the loan amount. ANS : 125%
21. Development loans above Rs. 15000/- and upto Rs.1,60,000/-: where the land is not obtained as collateral in terms of
the guidelines, branches to obtain Photostat copies of available …………..duly verifying the same with the original.
ANS : Title deeds
22. Mortgage of immovable security (own land/commercial property) excluding the security coverage of existing loans if
any, should be minimum ……..% of the aggregate loan amount of the borrower. ANS : 200 %
23. If farmer wants higher loan amount, in addition to his own land, an additional collateral security (commercial/ other
lands) to be provided. However, total loan amount is limited to ……..% value of the own land plus other property
mortgaged. ANS : 50%
24. As per guidelines on Obtention of CIR from Credit Information Companies (CICs), In case of Un-secured agri-loans
Report from one CIC Limit upto ……. lakhs is required. ANS : Rs. 1 lakh
25. As per guidelines on Obtention of CIR from Credit Information Companies (CICs), In case of Secured agri-loans Report
from 2 CIC Limit above ……. lakhs is required. ANS : Rs. 3 lakh
26. Wherever the two CIRs are to be obtained, Branches / Offices shall be free to obtain the report from ANY of the CICs;
…………shall be considered. ANS : lower / worst of the two risk grades
27. Fresh agri loans above Rs. 10.00 lakhs and upto and including Rs.25.00 lakhs for High Risk accounts may be permitted
by………..?. ANS : RO- head –CAC
28. Fresh agri loans above Rs. 25.00 lakhs for High Risk accounts may be permitted by………..?. ANS : DGM-CO-CAC
& above authorities
29. Loans for construction of storage facilities (Warehouses, Market Yards, godowns, and Silos) including cold storage,
irrespective of their location upto an aggregate sanctioned limit of Rs. ………. Crores per borrower shall be classified
under Agriculture Infrastructure. ANS : Rs. 100 crores
30. …………are empowered to permit Disbursement of vehicles financed under Agriculture /MSME by way of NEFT/RTGS to
the dealers in exceptional cases based on business potential and satisfactory record on case to case basis. ANS
: CGM/GM–HO–CAC & above authorities
31. In case of development loans, clean loans can be granted upto ………./-. Likewise, clean loan can be granted under
Scheme for redemption of debts of farmers from non-institutional sources. ANS : Rs. 1 lakh
32. Branch sanction limit is restricted to Rs……….. Lakhs per party under the Produce scheme. ANS : Rs. 10 lakh
33. Credit Review In case Of Agricultural Accounts , Monthly inward cum sanction , register is……………? ANS :
PRR 20D (NB 140 )
34. Credit Review Incase Of Agricultural Accounts, applicable for loans above Rs………..? ANS : Rs. 5 lakh & above
35. All sanctions up to Rs…….. lakhs (FB+NFB), review will be carried out on consolidated basis by ROs based on monthly
registers submitted by branches under agriculture finance. ANS : Rs. 5 lakh
36. Branches have to submit the details as per Annexure IX in ……..for all such loans not sent for review on a monthly
ongoing basis to facilitate monitoring by controlling offices in case of agri loans. ANS : PRR 20 D
37. Necessary documentary proof such as land records are to be obtained invariably in all crop loans, except in case of
Gold loans up to ₹………...? ANS : Rs. 1 lakh
38. For agri loans, Subvention of ……. % p.a for extending crop production loans up to ₹ …… lakhs at ……….% p.a.
Additional Interest subvention to be extended at ………….% for prompt repayment. ANS : 2 % , Rs. 3 lakh, 7 % , 3 %
39. KCC borrowers will be issued RuPay debit cards that shall be linked to their KCC (Revolving sub limit) through CASA
account Product …...? ANS : 226
40. Copy of appraisal note and sanction memorandum (Branch sanction) along with application form should be send to
reviewing authorities in case of sanctions of ₹ …….. lakh and above for KCCS. ANS : Rs. 5 lakh
41. In case of KCC limit, The operative short term limit will be valid for ………. years subject to annual review. ANS : 5
42. POS Merchant locations in the country, where RuPay Logo is displayed. Per day transaction limit at POS Merchant
Establishment is Rs…………/-? ANS : Rs. 20000
43. Term Loan component (Sub Limit II): Product Codes 859 - KCCS TERM LOAN, Sub limit – II shall be limited to 3 times
the annual net income of the farmer/a maximum of Rs. ………. Lakhs ? ANS : Rs. 5 lakh
44. An account is considered non-performing when drawals and interest demanded, remains unpaid for a period of ………..
crop seasons in case of short duration crop. ANS : 2
45. An account becomes non-performing when drawals and interest demanded, remains unpaid for a period of ………. crop
season (crops with crop season longer than one year) in case of long duration crops. ANS : 1
46. Term loan under KCC (has fixed repayment schedule) & KCCS-AHF : The accounts will be auto classified as NPA if the
installment / interest is not serviced within ……….. days from due date. ANS : 90
47. While advancing against the security of specially minted gold coins, weight of the Gold coins shall not exceed …………
grams per customer. ANS : 50
48. Gold loan is to be sanctioned only to the true owner of the jewels. A declaration has been incorporated in the pledge
letter ………to the effect that the applicant is the true owner of the Jewellery offered as security. ANS :
NF- 497
49. Loan Against Gold Jewellery for Agriculturist, Loan to value (LTV) ratio should not exceed ………% i.e., loan shall be
maximum of 75% of the appraised value. ANS : 75%
50. In case of Crop Loan Purpose, Scale of Finance or ……….% of the appraised gold value, whichever is less to be taken as
loan quantum. ANS : 75 %
51. In case of Agri GL OD (Product Code - 269,890) Loan amount shall not exceed …………% of appraised value of Gold or
Scale of Finance (Crop Cultivation Purpose)/ Assessed working capital for allied activities, whichever is less.
ANS : 90 %
52. In case of Agri GL OD (Product Code - 269,890, The overall limit is enhanced from 60.00 lacs to Rs. ……… Lacs (Rs. 35.0
lacs each under Agricultural, Swarna and MSME Gold schemes). ANS : Rs. 105
53. For Other than crop Purpose: Overall maximum Gold loan limit per customer may be fixed at Rs………. Lakhs each
under Agricultural, Swarna and MSME Gold schemes. ANS : Rs. 35
54. In case of Agri GL OD, The minimum quantum stipulated for the gold loan schemes under MSME Gold schemes is
…………..? ANS : Rs. 1 lakh
55. The GL OD limit is tenable for a period of ……… years subject to annual review and any point of time, the liability
including interest under GLOD should not exceed the appraised value of the gold. ANS : 3
56. A notice in NF ……….. is to be sent to the borrower by Registered Post Acknowledgement due at the address provided
by them to the Bank before auction in case of GOLD loan ANS : NF- 387
Branches should put in a system to declare every …………for conducting monthly auction for sale of gold ornaments to
realize and recover the dues of NPA. ANS : 4 th Friday of the month
57. The entire auction process to be completed in ……… days for Agriculture Gold Loans and in …….. days for Non-
Agriculture Gold Loans. ANS : 45 , 30
The …………is empowered to reduce the reserve price up to 10% of the first auction price in case of agri Gold loan . Beyond
10 % the powers are with the ………….Head. ANS : Regional Head, Circle
58. Where gold loans are found to be backed by spurious jewellery in case of Gold loans , ……………..is to be charged.
ANS : Non-priority clean rate of interest
59. While advancing against the security of specially minted gold coins, weight of the Gold coins shall not exceed ……….
grams per customer. ANS : 50
60. In case of Documentation for Gold Loan, NF ………. & NF …….. Hypothecation Agreement for Agriculture GL Overdraft
Facility is introduced. ANS : NF 497 , NF 1025
61. The maximum aggregate limit per customer under both the schemes namely Canara MSME Gold - Demand Loan (DL)
and Canara MSME Gold – Overdraft shall be fixed at Rs………… Lakh. ANS ; Rs. 35 lakh
62. In case of Gold loans, Reappraisal fees / charges: …………../- with a minimum of Rs……….. per loan, subject to a ceiling
of Rs……….. per loan. ANS : 15 paise per Rs.100, Rs. 1 , Rs. 100
63. A minimum amount of Rs………..per day to be paid to the appraiser for the reappraisal work in case the reappraisal
charges fall below Rs. 750/- per day in case of Gold loans. ANS ; Rs. . 750/-
64. Revised consolidated Processing charges w.e.f. 05.07.2021, for Gold loans loans above Rs.10 Lakhs Up to Rs.20
Lakhs …………….? ANS : Rs. 2750
65. In case of Gold loans, Selection of Jewel Appraiser to be made by the committee constituted at…………?. ANS :
Regional Office
66. Minimum age shall be ……. years and Maximum age of ………. years is stipulated for availing services of jewel appraiser
in case of Gold loans. ANS : 30, 60
67. If the Jewel appraiser owns a jewellery shop, the license to run the shop may also be considered as a proof of his
practical experience. The license should be at least more than ……. year. ANS : 1
68. Minimum Qualification: ………Class pass for appointment of Jewel appraiser. ANS : 10 th
69. In case of Security deposit from jewel appraiser, where Branch exposure in Gold Loans is above ₹10 cr and up to Rs
20 Cr is Rs……………? ANS : Rs. 1 lakh with initial deposit of Rs. 50000
70. For Gold Appraisers in RO panel – Security Deposit is Rs …………./- ANS : Rs. 25000
71. A Gold Appraiser can be engaged for a period of …………. years which can be extended by another 3 years on
satisfactory performance. ANS : 3
72. In case of branches where the gold loan disbursements exceed ……….. per month as per previous quarter data, branch
to have one more jewel appraiser and work of appraisal of jewels to be distributed among the two. ANS : 25
73. A panel of jewel appraiser will be formed at …………. level which is suppose to conduct surprise reappraisal. ANS :
RO
74. Reappraisal charges are to be borne by ………….for overdue loans and by ………….for Regular loans. GC code……….. is for
Gold Loan Re-Appraisal Charges and other charges paid. ANS : Party, Bank , 420085541
75. In case of “KISAN OD : loan scheme, Ceiling on Finance per acre of land Mortgaged, where loan is sanctioned by the
branch……………? ANS : ₹ 1 lakh per acre subject to 50% of the value of landed property.
76. In case of “KISAN OD LOAN” scheme, Interest has to be debited half yearly, September/March. Interest debited is to
be recovered within a maximum period of ………… days. ANS : 90
77. In case of “ KISAN TATKAL” loan scheme, Min. loan is ………./- Maximum ……………./- (max.50% of KCC limit /25% of
the estimated annual income of the agriculturist.
ANS : Rs. 1000, Max Rs. 50000
78. Under Custom Hiring Centers for purchase of Farm Machineries, Ceiling on loan/limit is fixed as a minimum of Rs.
……….. Lakhs and a maximum of Rs. ……………. Lakhs per borrower with margin 15-25% of the project cost. ANS :
Rs. 2 lakh, Rs. 50 lakh
79. Under Custom Hiring Centers for purchase of Farm Machineries, A cap of ……… Custom Hiring Center loans per
branch/year is fixed. All proposals shall be sanctioned by ……………..up to their delegated powers. ANS : 5, RO
Head-CAC and above
80. In case of “ TRACTOR LOAN “ , Prior clearance from ………….for every block of 5 farm machinery loans over and above
……… Farm Machinery loans or where recovery is less than 90% is ensured. ANS : RO Head, 50
81. …………. farm machinery loans per branch /year is fixed for branches where FM loans are less than 50. After reaching
the cap of 50 farm machinery loans, branches to seek prior clearance from ……….? ANS : 25 , CO
82. In case of Financing tractor/ Farm Machinery as per Scoring matrix. Tractor usage for…………. Minimum ……… hours in
farmers own land is required. ANS : 1200-1400 hours, 600
83. In case of “POWER TRILLERS” loan, Farmers owning ……….. acres irrigated or ……… acres dry land is required. ANS :
3, 6
84. In case of “ COMBINED HARVESTERS “ , Up to Scale IV headed branches proposals shall be sanctioned by
………..authorities as per the delegated powers. ANS : AGM-RO-CAC and above
85. In case of sanctioning second hand tractor loan, Loan shall not be more than ………..% of the value of the tractor as per
valuation report or sale consideration whichever is less. ANS : 60 %
86. For Heavy vehicles: Agriculturists with minimum ………. acres of Perennially irrigated lands. RELAXATIONS permitted by
………permitted to sanction. ANS : 15 , AGM/DM of CO
87. In case of second hand vehicle under “ AL-LHV” , The quantum of loan should not be more than ………..% of the value
of the vehicle as per valuation report or purchase consideration whichever is less. ANS : 75%
88. Loans for Purchase of Agricultural Lands, Total Land Holdings after Purchase of Land, should not exceed …….. acres
irrigated or ……… acres of non-irrigated land. ANS : 2.5, 5
89. Security Norms For All Allied Activities Loans, Developments undertaken on the leased land, If the lease hold rights
are not mortgaged, collateral security with minimum value of ………% of the loan amount to be insisted. ANS :
200 %
90. Central Sector Interest Subvention scheme for Term loans-Animal Husbandry Infrastructure Development Fund
(AHIDF), ……..% Interest subvention for loans sanctioned under AHIDF Scheme is available. ANS : 3%
91. Branches having NPA more than ……… % under produce loan are not permitted to sanction further loan under the
scheme till NPA brought down below applicable level. ANS : 5%
92. Payment of Service Charges for online transmission of Farmers’ Premium to Insurance Companies, through e Payment
Gateway, Service Charge of Rs. ………/- plus applicable GST @18% i.e. Rs. ………..is to be debited from the Branch
Expenditure Head. ANS : 5, 5.90
93. Unregistered vendor details to be created with the name ‘PMFBY e-Payment Gateway Service Charges’, using
……….Option in CBS. ANS : GSX 05
94. AIC will appraise agriculture term loan on standalone basis for new customers with project cost above ₹ ………… lakhs
and ₹ ………. lakhs ( project cost ) for existing customer. ANS : Rs. 150, Rs. 300
95. (PAC) Panel of Agriculture Consultants for Sourcing Agriculture proposals in our Bank, PACs shall be paid service
fee/commission of ………..% of loan amount sanctioned for proposal sourced with a maximum of Rs ………../- per
proposal. ANS : 0.10, Rs. 50000
96. (PAC) Panel of Agriculture Consultants for Sourcing Agriculture proposals in our Bank, A budget of Rs…………. in respect
of rural and semi urban branches has been provided for conducting a minimum 4 activities per year. ANS : Rs.
2,500/-
E. MOST IMPORTANT QUESTIONS ON GOVT SPONSORED SCHEMES
1. PMEGP is a Central Sector Scheme administered by the ……………………? ANS : Ministry of Micro, Small and Medium
Enterprises (MoMSME).
2. MEGP is a Central Sector Scheme, Implemented at National level by………. ………………. ANS : KVIC ( KHADI & VILLAGE
INDUSTRY COMMISSION )
3. Under “ PMEGP “ , Maximum Project cost Rs………….. lakhs for manufacturing sector and Rs………….. lakhs for service
activities. ANS : Rs. 25 lakh, Rs. 10 lakh
4. Under “ PMEGP “,Upto ………..% of project cost including subsidy (95% in case of special category borrowers) without any
Income Criteria. ANS : 90%
5.
Under “ PMEGP “,For setting project above Rs.10 lakhs in manufacturing sector and above Rs.5 lakhs in business/service
sector, beneficiary should pass at least …………..standard. ANS : 8th
6. Under “ PMEGP “,EDP training of ………..weeks compulsory before disbursement of loan. ANS : 2 to 3
7. Under “ PMEGP “,The minimum limit of ………. months allowed for completion of EDP training after release of first
disbursement has been withdrawn by KVIC. ANS : 12 months
8. Under “ PMEGP “,General Category minimum ………% of project cost and Special category beneficiary: …………%of project
cost. ANS : 10%, 5%
9. Under “ PMEGP “,General Category: Urban ……..%, Rural ……….%. Special category beneficiary (i.e SC/ ST/OBC/
Minorities /Women, Ex SM, OPH, NER, Hill & Border areas) urban:…………%,Rural …………% of project cost. ANS :
15% , 25%, 25%, 35%
10. Under “ PMEGP”, Targets: ……….% should be Rural Area Projects. ANS : 50%
11. No collateral security/Third Party Guarantee for loans upto Rs………. lakhs to MSEs including units financed under
the Prime Minister Employment Generation Programme (PMEGP) of KVIC.ANS: Rs. 10 lakh
12. The PMEGP beneficiaries can also avail loans up to Rs. …….. lakhs without furnishing collateral securities.
However, such loans shall be invariably covered under the credit guarantee scheme of CGTMSE. ANS : Rs. 25 lakh
13. 2nd Loan for up-gradation of existing PMEGP/MUDRA units, beneficiary contribution is ……….% (of proposed
expansion/ up-gradation cost). ANS : 10 %
14. Under 2nd loan of PMEGP, The maximum cost of the project/unit admissible under manufacturing sector for up-
gradation is Rs…………, and the maximum subsidy would be Rs………… lakhs (Rs.20 lakhs for NER and Hill States).
ANS : Rs. 1.00 Crore , Rs. 15 lakh
15. Under “ PMEGP “ 2nd Loan, ,The maximum cost of the project/unit admissible under Service/Trading sector for
up-gradation is Rs……….. lakhs, and the maximum subsidy would be Rs…………lakhs (Rs. 5 lakhs for NER and Hill States.
ANS : Rs. 25 lakh, Rs. . 3.75
16. Under “ DRI “ loan , Loan Quantum is Rs…………./- (For physically handicapped additional loan of Rs…………. /- for
artificial limbs/Braille typewriter. ANS : Rs. 15000, Rs. 5000
17. Under “ DRI” loan , Housing Loans under DIR Rs………… /- for SC/STs and Rs…………….. /- for others. ANS :
Rs. 20000, Rs. 15,000
18. Under “ DRI “ Loan scheme, Annual family income Rs…………. /- in Rural and Rs………. /- in Urban and Semi- Urban
areas. ANS : Rs. 18,000, Rs. 24,000
19. Under “ DRI “ Loan scheme, Minimum ……….. % to SC/ST beneficiaries. ANS : 40%
20. Loans up to a maximum project cost of Rs. …….. lakhs will be admissible to identify manual scavengers and their
dependents under the SRMS scheme. ANS : Rs. 15 lakh.
21. Under “ SRMS “ loan scheme, for projects of Self Help Groups/ groups, the maximum project cost shall be limited
to Rs. ……. lakh. ANS : Rs. 50 lakh
22. Under “ SRMS “ loan scheme, Term Loan- Up to a maximum project cost of Rs………. lakhs for sanitation related
projects and up to Rs……….. lakhs for other activities. ANS : Rs. 15 lakh, Rs. 10 lakh
23. Under “ SRMS “ Loan scheme, Micro Financing - Up to a maximum project cost of Rs…………. /- per scavenger.
ANS : Rs. 25,000
24. The net rate of interest chargeable to the borrower under the SRMS scheme, For projects up to Rs.1,00,000/-
@..............% p.a. ANS : 5 %
25. Under “ SRMS “ loan scheme, The identified manual scavengers, one from each family, would be eligible for One
Time Cash Assistance (OTCA) of Rs. ………./- ANS : Rs. 40000
26. Under “ SRMS “,Implementing agency:…………….. At State level SAC- State Channelizing Agency. ANS :
NSKFDC– National Safai Karmachari Finance Development Corporation
27. Under “ SRMS “,Maximum training period increased up to …….. months, depending upon trade and maximum
stipend upto Rs………../- p.m. is provided. ANS : 24 , Rs. 3000
28. Under “ DAY-NRLM”, Loan coverage should be: ……… % of beneficiaries from SC/ST, ………..% to minorities and
………..% to persons with disabilities. ANS : 50%, 15%, 3%
29. Revolving Fund under NRLM – Min Rs………..; Max Rs……….. for a minimum period of 3/6 months.
ANS : Rs. 10,000, Rs. 15000
30. …………is the Nodal Bank for administering the Interest Subvention Scheme for NRLM in 250 identified districts
(category I) in the Country. ANS : CANARA BANK
31. Interest Subvention under DAY-NULM: Identification of eligible accounts by the Ministry by way of uploading
Master Data in ……….. Web Portal. ANS : PaiSA
32. Under “ NULM” , The Maximum Project Cost for individual micro-enterprises cases is Rs…………. /- and The
Maximum unit Project Cost for a group enterprise is Rs…………….? ANS : Rs. 2,00,000 , Rs. 10,00,000 /- (Rs. Ten Lakhs).
33. Monthly report ……….. is made available in Business Object for claiming Interest subsidy under NULM Scheme.
ANS : 280206
34. Our Bank has entered into MoA with ………….for availing refinance. The refinance is available for the finance
extended by the Bank to backward class beneficiaries under the various schemes of the Corporation. ANS : M/s
NBCFDC
35. Under loan scheme of “ NBCFDC”, The annual income of the applicant’s family should be below double poverty
line i.e. Rs………… /- p.a. in urban areas and Rs………… /- p.a. in rural areas. ANS : Rs. 1,20,000, Rs. 98, 000
36. Under “New Akanksha (Education Loan) “,The annual income of the applicant’s family should be below double
the poverty line i.e. Rs………. /- p.a. in urban areas and Rs………… /- p.a. in rural areas. ANS : Rs. 1, 20,000, Rs.
98,000
37. Under “New Akanksha (Education Loan, Max loan limit, ……% of the expenditure of the course subject to
maximum loan limit of Rs……… Lakh per student or Rs……….. Lakh p.a.for study in INDIA
ANS : 90%, Rs. 10 lakh, Rs. 2.50
38. Under “ NEW AKANSHA “ loan scheme, Girl students will get Education Loan at special concessional rate of
interest @ ………% p.a. ANS : 3.5 %
39. Under Krishi Sampada Scheme (Agriculture loan), The maximum loan limit is Rs. ………………/-? ANS : Rs.
50,000
40. Under Krishi Sampada Scheme(Agriculture loan), Loan is to be repaid in quarterly instalments within ……….
months (including the moratorium period of six months on the recovery of principal). ANS : 48
41. Mahila Samridhi Yojana (Micro Finance Scheme for women), Maximum loan limit per beneficiary : Rs…………. /-?
ANS : Rs. 50, 000
Under Krishi Sampada Scheme(Agriculture loan), Women belonging to the Backward Classes as notified by Central /
State Govt. from time to time and living below double the poverty line (i.e. annual family income of the beneficiary
should be less than Rs………. /- p.a. in urban areas and Rs. ………..p.a. in rural areas. ANS : Rs. 1,20,000, Rs. 98,
000/-
42. Under New Swarnima For Women ( Self Emplyoment Loan-Msme Scheme), The beneficiary women are not
required to invest any amount of her own on the projects up to cost of Rs………… /. ANS : Rs. 1, 00,000
43. Under New Swarnima For Women ( Self Emplyoment Loan-Msme Scheme), Maximum Loan Amount Rs………. Lakh
(Per beneficiary). ANS : Rs. 1 lakh
44. Under Shilp Sampada (Self Emplyoment Loan-Msme Scheme), The maximum loan limit is Rs……… Lakh.
ANS : Rs. 10 lakh
45. Under Saksham ( Self Emplyoment Loan-MSME Scheme), The annual income of the applicant’s family should be
below double the poverty line i.e. Rs……………. /- p.a. in urban areas and Rs……….. p.a. in rural areas. ANS : Rs.
1,20,000, Rs. 98, 000/-
46. Under Saksham ( Self Emplyoment Loan-MSME Scheme, Loan is to be repaid in quarterly installments within
………… years (including the moratorium period of six months on the recovery of principal). ANS : 10
47. Under Shilp Sampada (Self Emplyoment Loan-Msme Scheme, Rate of Interest Upto Rs. 5 Lakh : ……..% p.a ANS :
6%
48. The target group of the New Swarnima scheme of NBCFDC is the women belonging to …………….?
ANS : backward classes living below double the poverty line.
F. MOST IMPORTANT QUESTIONS ON MSME

1. Investment in Plant & Machinery or Equipment does not exceed One Crore rupees and turnover does not exceed Five
Crore rupees, is………………? ANS : MICRO ENTERPRISES
2. Investment in Plant and Machinery or Equipment does not exceed Ten Crore rupees and turnover does not exceed Fifty
Crore rupees is…………? ANS : SMALL ENTERPRISES
3. Investment in Plant and Machinery or Equipment does not exceed Fifty Crore rupees and turnover does not exceed Two
Hundred and Fifty Crore rupees is………….? ANS : MEDIUM ENTERPRISES
4. Any person who intends to establish a micro, small or medium enterprise may file…………….online in the Udyam
Registration portal, based on self-declaration with no requirement to upload documents, papers, certificates or proof.
ANS : Udyam Registration
5. The Legal Entity Identifier (LEI) is designed to create a global reference data system, LEI is a unique ……….. digit code
that is assigned to a legal entity. ANS : 20
6. The Credit Scoring Model is to be made applicable for Micro, Small and Medium enterprises applying for an aggregate
loan amount of Rs……….. crores. ANS : Rs. 2 crores
7. To be eligible for finance under MSME, minimum…………% marks under applicable parameters to be scored or else the
proposal will be rejected with prior concurrence of Next higher authority.ANS : 60 %
8. CIBIL MSME RANK (CMR), Applicable to Existing & New MSME loans with aggregate Loan quantum (Present & Proposed)
of above Rs………. lakhs upto Rs………….. crores. ANS : Rs. 10 lakh, Rs. 10 crores
9. Wherever two (CIRs) are to be obtained, branches/offices shall obtain one from …………….and another report from any
of the CICs. ANS : M/S CIBIL including CMR
10. Loans up to Rs.10 lakh sanctioned to the PMMY sectors and overdrafts up to Rs.10,000.00 granted in PMJDY
accounts are to be classified as …………loans. ANS : MUDRA
11. CGTMSE extends guarantee for collateral/ third party guarantee free Credit facilities up to Rs………….? ANS :
Rs. 2 crores
12. Under the “Hybrid Security” product, the MLIs will be allowed to permit credit facilities of above Rs………… Lacs
to be par ally secured by the collateral security whereas the remaining part of the credit facility, up to a maximum of
Rs………….. lacs, can be covered under Credit Guarantee Scheme of CGTMSE. ANS : Rs. 200 , Rs. 200
13. CGTMSE extends Guarantee cover for Retail Traders also for Credit facility up toRs………… Lacs for fresh sanctions
/Renewals. ANS : Rs.100
14. Extent of Guarantee coverage is ……..%, max Rs. ……..lacs. Applicable fee is ……..% of the guarantee amount in
first year and on the outstanding in the subsequent years along with applicable premium. ANS : 50 % , Rs. 50,
2%,
Concession of ……….% in the applicable Rate of Interest upto an Credit exposure of Rs……….. Lacs can be extended for
Credit facilities covered under CGTMSE. ANS : 0.25 Rs. 100 lakh
15. Time period for applying for CGTMSE guarantee cover: ………….? ANS: Prior to end of subsequent month to the
month of sanction.
16. In case of accounts which are sanctioned but not yet disbursed, Branch to punch the details in SAS package and
remit the required fee to the Circle within ……. days of disbursement of such loan. ANS : 2
17. IT Pan No. is to be indicated in respect of MSME credit facility above Rs……… lacs. ANS : Rs. 5
18. Request for revival of CGTMSE guarantee cover to be submitted within ………….of the account being discontinued
from guarantee cover. ANS : Next financial year
19. Account should be ……….and regular as on the date of submission of request for revival and CGTMSE reserves the
right to reject the claim if the account turns NPA within ……..days from the date of revival of the account. ANS :
Standard , 180
20. In case of Revival of accounts where CGTMSE guarantee cover is lapsed/discontinued, Fee (Current year and
previous year along with Penal interest and additional risk premium @................% to be paid which will not be borne
by the bank). ANS : 15
21. NPA Reporting: Marking of CGTMSE covered accounts in the CGTMSE portal which are slipped to NPA within ……….
of subsequent month to the month in which the account slips to NPA. ANS : 15th
22.
Circles to ensure that all CGTMSE covered accounts which have slipped to NPA are marked in CGTMSE portal within
……….. of subsequent month to the month in which the account had slipped to NPA. ANS : 15th
23. Maximum period for invoking guarantee:- Preferring of claim of eligible NPA accounts under CGTMSE within ……….
days of NPA date or expiry of lock-in period whichever is later. ANS : 180
24. Claim of eligible NPA accounts under CGTMSE to be preferred within ………… days of NPA date or expiry of lock-in
period whichever is later. ANS : 180
25. The lock in period is …….. months from the guarantee start date (i.e. guarantee fee payment date) /last
disbursement date whichever is later. ANS : 18
26. CGTMSE CLAIM Settlement will be ……….% of the guaranteed amount shall be paid on within ………. days of the
claim, provided that the claim is in order. ANS : 75, 30
27. The CGTMSE Trust shall pay interest on the eligible CGTMSE claim amount at the prevailing bank rate for the
period of delay beyond …….. days. ANS : 30
28. The balance ……..% of the guaranteed amount will be paid on conclusion of recovery proceedings or after …….
years of obtention of decree of recovery whichever is earlier. ANS : 25%, 3
29. “PSB loans in 59 minutes” is a platform which enables an MSME Entrepreneur to apply and get “In Principle
Sanction” for MSME loans from Rs. ……Lacs to Rs………… Lacs in 59 minutes. ANS : Rs. 2 , Rs. 100
30. Our Bank entered into MoU with ……..(Formerly known as M/S CapitaWorld Platform Private Limited) which is a
FinTechCompany acquired by SIDBI led Consortium of Banks) as user bank on the digital platform . ANS : M/S
OnlinePSBLoansLimited
31. Only fund based limits are being processed under the subject “ PSB LOAN IN 59 MIN “ platform and the digital
system does not support Non-Fund Based Limits. Statement TRUE / FALSE ? ANS : TRUE
32. Processing Charges, under the subject “ PSB LOAN IN 59 MIN “ platform, For Market place portal- for MSME Loans
Rs. ………/- and for Mudra loans Rs. ……./- for online proposals and for offline proposals charges are ………../- & ……../-
respectively. ANS : Rs. 3900, Rs. 1300, Rs. 1950, Rs. 975
33. Processing Charges, under the subject “ PSB LOAN IN 59 MIN” platform, For bank specific URL-Loan upto Rs.
………Cr- For Fresh MSME Loan Rs.……../-, Existing limit with enhancement-Rs. …../-, existing limit without
enhancement- Rs.………/- ANS : Rs. 1 , Rs. 3550, Rs. 1950, Rs. 650
34. Processing Charges, under the subject “ PSB LOAN IN 59 MIN “ platform , For all types of MSME Loans above Rs. 1
crore- charges are Rs. ……../- ANS : Rs. 3900
35. Processing Charges, under the subject “ PSB LOAN IN 59 MIN “ platform , For Mudra Loans –Fresh loanRs. ………./-
Renewal with enhancement Rs. ……./-, Only renewals Rs. ……../- ANS : Rs. 1300, Rs. 650, Rs. 300
36. Criteria for drawing CIR from multiple Credit Information Companies (CICs) for consumer segment .In case of
Secured Loan , obtain two CIR from any four CIC, for limit above …….. lacs. ANS : Rs. 10
37. W.e.f. 01.04.2020, CIBIL Credit Vision Score and Equifax Version ………..would be the only versions available for
Consumer Reports for the respective Credit Information Companies. ANS : 3.1
38. M/s. CRIF High Mark Credit Information Services Pvt. Ltd has also enabled a new feature viz……….in their
consumer report. ANS : ., “Cross Alert”
39. The CGTMSE guarantee can be invoked within a maximum period of ……years from the date of NPA if NPA is after
lock-in period or within two years of lock-in period, if the account slips to NPA during the lock-in period. ANS : 2
40. Loans granted under PMEGP above Rs.10.00 lakhs shall be covered under………..?. ANS : Stand Up
41. Our Bank has entered into MOU with …………to avail credit guarantee for loans granted under PMMY scheme.
ANS : NCGTC (National Credit Guarantee Trustee Company Limited)
42. The guarantee fund to cover loans granted under PMMY scheme is known as …………CGFMU shall be maintained
and operated by NCGTC. ANS : “Credit Guarantee Fund for Micro Units (CGFMU)”.
43. Loans extended to………., uptoRs.10.00 lakhs should be compulsorily covered under CGFMU. ANS : Allied
activities under agriculture.
44. For Guarantee coverage on SHISHU category loans (up to Rs.50,000/-) rate of interest should not exceed ……..%
p.a. ANS : 12%
45. CGTMSE Credit Guarantee is available on…………… basis and not on individual loan basis, means all the eligible
loans granted under PMMY shall be automatically covered under CGFMU. ANS : Portfolio
46. The CGTMSE guarantee cover will be available from the ……………….and shall run through the agreed tenure of
the micro loan or the termination date of the portfolio whichever is earlier, ANS : Date of payment of guarantee fee
47. NCGTC has developed an online portal for seamless guarantee transaction. The portal is called …………….?
ANS : System for Undertaking, Re-assurance & Guarantee Endorsement (SURGE).
48. Government sponsored schemes like DAY-NULM, DAY-NRLM, PMEGP (uptoRs.10.00 lakhs), Weavers Mudra, etc.,
shall be covered under…………..? ANS : MUDRA
49. Any loan uptoRs.50000/-, including loans granted under Govt. sponsored schemes, where the Rate of Interest
exceeds …………% p.a. should not be classified under MUDRA. ANS : 12%
50. The loans uptoRs.10.00 Lakhs extended to activities allied to Agriculture and services supporting these, which
promote livelihood or are income generating, are NOT eligible for coverage under CGFMU, Do yu agree with this ?
ANS : NO
51. Every amount recovered and due to be paid to the Fund ( CGTMSE ) shall be paid without delay, interest shall be
payable to the Fund by the lending institution at ………….for the period for which payment remains outstanding after the
expiry of the said period of ………… days. ANS : 2% over and above the prevailing repo rate, 30
52. Concession In ROI For MSME Loans, In case of Circle headed by CGM, the authority for permitting concessions in
ROI shall be ……………only. ANS : CGM-CO-CAC
53. Under MSME, Credit Risk Rating is pre-sanction exercise for all loans Rs………… lakh & above. ANS : Rs. 2
54. All borrowers with aggregate limits of above Rs.20 lacs and up to and including Rs.200 lacs are to be risk rated
using the ……….by the sanctioning branch. ANS : Manual model
55. CIRM has given Internal rating & grades for the borrowers’ viz., Manufacturing Sector ,turnover of Rs. below
Rs……… cr . ANS : Rs. 25
56. CIRM (Canara Internal Rating Model ) is having ………. rating grades including Default grade. ANS : 12
57. Minimum threshold for obtention of ECAI (EXTERNAL CREDIT RISK RATING ) rating in respect of all exposures
increased from Rs………….? ANS : 10 crores to Rs.25 crores
58. Facility Ratings Introduced for corporate loan portfolio with exposure of……, carried out on annual basis along
with Balance sheet rating. ANS : Above Rs. 5 Cr (FB+ NFB)
59. The Guaranteed Emergency Credit Line (GECL) is an ……….which was started by government of India to enable
business entities who have suffered due to the Covid-19 pandemic . ANS : Emergency credit line guarantee
scheme (ECLGS)
60. ECLGS-1.0 refers to the scheme for providing 100% Guarantee to member lending institutions, whose total credit
outstanding (fund based only) as on February 29, 2020 was upto Rs……….. and upto …….. days. ANS ; Rs. 50
crore, 60
61. ECLGS-2.0 refers to the scheme for providing 100% Guarantee to member lending institutions, whose total credit
outstanding (fund based only) as on February 29, 2020 was above Rs……….. and not exceeding Rs……….. crores , upto
…….. days. ANS ; Rs. 50 crore, Rs. 500 , 30
62. If a borrower who may have availed upto 20% of their fund based credit outstanding under ECLGS 1.0 or ECLGS
2.0 shall be eligible for additional credit upto ……….% of their total credit outstanding as on 29.02.2020. ANS :
20%
63. As per RESTRUCTURING FACILITY OF MSME LOANS UNDER RESOLUTION FRAMEWORK 2.0, Aggregate exposure
including Non Fund Based (NFB) limits of Banks and NBFCs to borrower is Max Rs…………. as at 31/03/2021.
ANS : Rs. 50 Crore
64. As per RESTRUCTURING FACILITY OF MSME LOANS UNDER RESOLUTION FRAMEWORK 2.0,, CA certificate required
where Loan limits are……….? ANS : >=Rs.5 Crore
65. Government Receivables (State/Central/Govt Depts./PSUs) up to ……….. days may be treated as Current Assets
and also may be reckoned for arriving DP. ANS : 270
66. As per RESTRUCTURING FACILITY OF MSME LOANS UNDER RESOLUTION FRAMEWORK 2.0, The customer should pay
the Recompense amount within ……….years of payment of last instalment of restructured loan. ANS : 2
67. Validity of Loan Guarantee Scheme For Covid Affected Sectors (LGSCAS)” of M/S NCGTC LTD is………….?
ANS : Till March 31, 2022, or till guarantees for an amount of Rs.50,000crore are issued under the
scheme, whichever is earlier.
68. For financing eligible Greenfield projects and eligible Brownfield projects in Aspirational districts is Minimum of
…………..% ? ANS : 20%
69. In case of Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS)”, Tenure of Guarantee cover For
Brownfield projects…………..years from DCCO, subject to Max of ……….. years from date of first disbursement.
ANS : 2 , 5
G. MOST IMPORTANT QUESTIONS ON GENERAL ADVANCES

1. Loans to builders/ developers for residential housing projects (except for captive consumption) comes under
…………….segment. ANS : CRE (Commercial Real Estate )
2. Under “ COMM REAL ESRTATE “,The maximum exposure to a particular project by the Bank shall not exceed
Rs……………… Crore or 3.33 times of the Tangible Net Worth of the borrower whichever is lesser. ANS : Rs. 150
3. Lending to borrowers classified as capital market exposure, The aggregate exposure of the Bank to the capital
markets in all forms (both fund based and non-fund based) shall not exceed …………..% of the net worth. ANS : 40 %
4. Overdraft against pledge of shares as a regular working capital with a minimum margin of ………….% against
market value of approved shares can be given. ANS : 50%
5. In case of shares/ debentures held in demat form, a minimum margin of ……% shall be maintained. ANS : 25 %
6. As per Section19 (2) of BRAct, 1949: No Banking Company shall hold shares as security in any company either as
mortgagee or as absolute owner of an amount exceeding ………..% of paid up capital of the company or ………..% of its own
paid up capital and reserves, whichever is less. ANS : 30% , 30%
7. The Joint Lending Arrangement (JLA) Scheme shall be applicable to all lending arrangements, with a single
borrower with aggregate credit limits (FB+NFB) of Rs……………. cr and above. ANS : Rs. 150
8. Scheme for financing Indian Companies for acquisition of equity in overseas companies Applicable to top
corporate with TNW-min Rs………….. Crore (latest ABS) ANS : Rs. 100
9. Foreign Currency Loan to Residents ( FCLR ) , Permitted in …………….to the existing corporate/firms with Credit
Risk Rating upto LR/ NR &MR. ANS : USD, GBP & in EURO
10. Granting FCLR for liquidation of existing Rupee TL: Permitted in specific cases where residual repayment is
within ………. years. ANS : 5
11. Eligible new borrowers as well as existing borowers having Fund Based or Non- Fund Based exposure of Rs……………
crore & above from the Bank, shall submit Legal Entity Identifier (LEI) Code. ANS : Rs. 50
12. ABS need not be obtained from borrowers seeking crop loans / other agriculture loans from our Bank provided
they do not have any other income other than agriculture income for loans upto Rs……….. lacs. ANS : Rs. 100
13. Bank may also obtain quartrly cash flow statements in respect of borrowers having working capital limits of
Rs…………. cr and above from the Bank. ANS : Rs. 50 crores
14. Affordable Housing: “Affordable Housing” is defined as a housing project using at least …………..% of the Floor
Area Ratio (FAR)/Floor Space Index (FSI) for dwelling units with carpet area of not more than ……… Square meters.
ANS : 50%, 60
15. In respect of New Borrower project appraisal shall be applicable to proposed projects including infrastructure
with project cost of Rs …….. lakh and above. ANS : 500
16. Agricultural term loans shall be appraised by Agricultural Innovation Centre (AIC), HO on standalone basis, For
existing customers with Project Cost above Rs………….lakh. ANS : Rs. 300
17. In case of term loans under TUF Scheme, Circle heads are empowered to waive PAG appraisal for loans upto
……..lakh for new units and ………. lakh in case of expansion/ modernization projects. ANS : Rs. 200, Rs. 500
18. Irrespective of sanctioning authority, Project Appraisal Cell (PAC) at Circles shall conduct appraisal of Term Loan
proposals, DGM headed Circles - Project Cost upto Rs…… Crore. ANS : Rs. 50 crores
19. Canara Bank Proposal Rating, Applicable for Corporate loans >=Rs. ……..Cr (FB&NFB) & MSME>=Rs……. Cr
(FB&NFB). ANS : Rs. 50 , Rs. 10
20. All borrowers with aggregate limits of above Rs……… lacs and up to and including Rs………… acs are to be risk rated
using the Small Value model by the sanctioning branch. ANS : Rs. 2 lakh, Rs. 20 lakh
21. Apart from these Risk a new risk category i.e………….. is introduced by our Bank for Individual & Proprietorship
Concern. ANS : . Demographic Risk
22. All borrowers with aggregate limits of above Rs………. lacs and up to and including Rs……….. lacs are to be risk
rated using the Manual model by the sanctioning branch. ANS : Rs. 20 lakh, Rs. 200 lakh
23. Bank introduced “ Canara Internal Rating Model “ for exposure above Rs……………. cr in place of RAM Model
w.e.f.01.04.2020. ANS : Rs. 2
24. The credit risk rating of a borrower shall become overdue for updation after the expiry of ………..months from the
month of confirmation of rating. ANS : 15
25. Commitment charges shall be collected quarterly based on average utilization as under in respect of corporate
borrowers with sanctioned limits (FB, NFB or combination including Term loans) of ……… crore and above from Bank.
ANS : Rs. 10 crores
26. Where party is enjoying both FB & NFB limits, for delayed submission of QOS/ HOS, penalty shall be …….% on FB
liability and ………% on the NFB liability. ANS : 1% , 0.25
27. Penal charges for non-submission of renewal papers before 1 month of expiry date / extended tenability date,
Above Rs.10 lakh <=Rs.10 Cr Flat charges Rs……….. upto due date of renewal. ANS : Rs. 5000/- + GST
28. External Credit Rating: ECAI rating shall be obtained from all the Borrowers who are enjoying credit exposure
(FB + NFB) of above Rs………. crore from Banks/FIs. ANS : Rs. 25 crores
29. In case of externally unrated borrowers with exposure above Rs 25 Crores up to Rs 100, Crores, additional
interest of ………..% shall be charged. ANS : 0.25
30. In case of externally unrated borrowers with exposure above Rs 100 Crores, additional interest of ………..% shall
be charged. ANS : 0.50
31. ………………can be defined as default with one lender that may trigger default with another lender. ANS :
Cross Default
32. Stock Audit/Valuation Of Securities By Valuers In Bank’s Panel, where exposure is Rs.5 cr and above -LR & NR
accounts & Doubtful assets (quantum applicable to both) is conducted on………..basis. ANS : Yearly
33. In case of Stock audit in case of NPA Accounts, If A/c still continues to be under NPA status, Stock audit to
commence within ……. months from the date of NPA. ANS : 6
34. In all accounts with WC exposure of Rs. 5 Cr & above, the …………statement duly signed by the Auditors of the
entity to be obtained and on yearly basis. ANS : Hly Book debts
35. Where the value of Plant & Machinery to be charged is Rs……….. & above, branches shall get valuation of such
P&M done from minimum two valuers on the Bank’s approved panel. ANS : 50 crore
36. Under all Housing Loan variants, Canara Mortgage, Canara Rent, Canara LRD & Canara Site where loan
outstanding is Rs. ………..lakhs or above, revaluation of property has to be undertaken through the empanelled valuers once
in every ……….years. ANS : Rs. 50 , 5
37. Valuation of properties (Land and Building) of Rs. ……….and above, Bank shall obtain minimum 2 independent
valuation reports from 2 empanelled valuers. ANS : Rs. 10 crore
38. If the land is acquired/ purchased beyond preceding one year, ……..% of the Fair Market Value assessed by the
Bank’s approved Valuer should be taken as value of the land. ANS : 85%
39. Waiver of valuation of fixed assets of a consortium account, In the case of CAC of the Board/MC power accounts,
the waiver can be permitted by ……………? ANS : CAC of the Board.
40. No valuer in our panel can be entrusted with valuation assignments relating to a particular branch continuously
for more than ……… years. ANS : 3
41. Residual age of the immovable property should be at least ……… years more than the tenure of the loan while
accepting as prime/collateral securities to the loan. ANS : 5
41. In case of falsification of accounts on the part of borrower, formal complaint against the auditors of the
borrowers should be lodged with the …………through CO. ANS : Institute of Chartered Accountants of India (ICAI)
42. Under “ SARFAESI “ , The valuer should have a valid …………registration under Section 34AB of Wealth Tax Act,
1957. ANS : CCIT
43. Valuation of agricultural lands with structures (like farm house/poultry sheds) to be taken once in ……… years.
ANS : 3
44. RBI has issued guidelines for early detection and reporting/prevention of Loan accounts with exposure of Rs.
……….Crore or more, once the account is marked as “Red Flag”, the case for fraud or otherwise will be decided on the
basis of …………audit. ANS : Rs. 50 crores , forensic
45. Accounts classified in SMA 02 or NPA category with exposure of Rs. ……….Crore or more irrespective of the
lending arrangement, Forensic Audit is applicable. ANS : Rs. 25
46. Red flagged loan (RFA) accounts are those with exposure of ……….Crore or more (solo/ consortium basis) on case
to case basis. ANS : Rs. 25
47. The tenure of Forensic Auditor shall be for a period of ……… years and the same shall end in terms of IBA
empanelment. ANS : 2
48. The data on suit filed accounts in respect wilful defaulters of Rs………… lakh and above and other borrowal
accounts of Rs……..Crore and above, are available in the CIBIL website which can be accessed freely CIBIL Report.
ANS : Rs. 25 Rs. 1
49. Under Equifax Commercial Bureau, Delinquency & Derogatory Trade summary& Credit facility details , status
shown for past ……. months. ANS : 48
50. Wherever two CIRs are to be obtained, Branches shall be free to obtain report from any of CICs and shall reckon
the score for the purpose of delegation of powers …………of the two grades to be considered. ANS : Lower / Worse
51. The charges payable to CIBIL for drawing Credit Information Report (CIR), CIBIL –Commercial :Rs…………….? ANS
: Rs. 500/-per report+GST.
52. The charges payable to CIBIL for drawing Credit Information Report (CIR), CRIF High Mark : Rs……….. /- + GST
(Without CS) &Rs……… -+GST (with CS)?
ANS : Rs. 300, Rs. 325/
53. M/s CRIF High Mark has feature ……….in their consumer report. ANS : “Cross Alert”
54. As per Prudential guidelines on stressed assets , Once borrower is reported default by any of the lenders, the
lenders to undertake a prima facie review of borrower a/c within ………… days from such default. ANS : 30
55. As per Prudential guidelines on stressed assets,_____________ means a plan proposed for resolution of the
corporate debtor as a going concern.
ANS : RESOLUTION PLAN
56. As per new guidelines on CREDIT REVIEW & MONITORING, Copy of LSR should accompany ………….henceforth.
ANS : Certified copy of latest sale deed
57. CMF ( CREDIT MONITORING FORMAT ) is Applicable for all borrowers having exposure (FB+NFB Limits) of Rs……….
Cr and above in case of LR,NR& MR Rated Accounts. ANS : Rs. 3 crores
58. CMF ( CREDIT MONITORING FORMAT ) Shall be submitted quarterly basis, within ……… days from due date, in case
of LR, NR & MR accounts. ANS : 7
59. In case of HR rated accounts with exposure (FB+NFB Limits) of above Rs.1.00 Cr and MR rated accounts with
exposure of Rs.200 Cr and above, CMF submission shall be ………..from the date of receipt of Credit Risk Rating.
ANS : Monthly
60. The CMF cum MTR shall fall due exactly ……. months from the date of sanction/renewal. ANS : 6
61. CRILC-Main Report on all borrower entities having aggregate exposure of Rs ……. crore and above is to be
submitted on a ………..basis. ANS : Rs. 5 , Monthly
62. The borrowers who have repaid all the dues during the week are reported as …………….to RBI CRILC along with
date of moving out of default. ANS : “Out of Default”
63. All Loan Accounts of borrowers where the aggregate liability is Rs.15 lakhs and above, becoming NPAs within a
period of 12 months from the date of commencement of repayment of either Interest or Instalment are called “ ……………” ?
ANS : QUICK MORTALITY ACCOUNTS
64. Branch to submit statement of accounts suffered Quick mortality every quarter, within ……… days from due date.
ANS : 7
65. Retail Lending facilities of Rs…….. Cr & above backed by Mortgages shall be covered under “ PRE-RELEASE “
audit. ANS : Rs. 5
66. Pre-release audit shall be conducted within …….. hours from obtention of documentation. ANS : 48
67. Pre-release audit shall be conducted by Scale……….. authorities. ANS : IV & above
68. All fresh sanctions, renewals with enhancements/additional exposures with aggregate liability of Rs………. crore
and above (FB & NFB) are applicable for …………between 3 to 6 months from the date of disbursement. ANS : Rs. 3 ,
Credit Audit
69. Circle to allocate and conduct credit audit in respect of accounts with limits less than Rs …… crore in about
………% of the accounts on randomly selected basis. ANS : Rs. 3 , 5%
70. Where additional limits permitted frequently, credit audit restricted maximum ………in FY with a gap of ……..
months between 2 audits. ANS : twice, 6
71. Legal Audit of Title deeds and other documents in respect of aggregate credit exposures of Rs……… cr and
above(FB+NFB). ANS : Rs. 5
72. Each account / exposure of Rs…….. Crores and above (FB + NFB) shall be subjected to Legal audit after ……..
years of sanctioning. ANS : Rs. 5 , 3
73. A ………….is one where a suspicion of fraudulent activity is thrown up by the presence of one or more Early
Warning Signals (EWS). ANS : Red Flagged Account (RFA)
74. The threshold for EWS and RFA is an exposure of Rs…….. Crs or more at the level of a bank irrespective of the
lending arrangement. ANS : Rs. 50
75. Large Credit Monitoring is Applicable for sanctioned limit (FB + NFB) of Rs……. Cr & above. Data updation to be
done…….basis.. ANS : Rs. 1 , monthly
76. The decision reg. revival / restructuring, wherever found viable, staff lapses and further course action for
Marked for recovery in a/cs by submission of NF 606/607 shall be decided within ……… days of account becoming NPA.
ANS : 60
77. Quarterly PIPR report for credit facility of Rs…… lakh and above- related to acquisition of capital assets, duly
certified by CA / Chartered Engineer to be obtained and reviewed. ANS : Rs. 50
78. All Standalone TL (without any FB/NFB WC Limits) sanctioned by Circle Head CAC, & above authorities are
subject to ………..review. ANS : Annual
79. All Retail loans up to Rs……… crores sanctioned by Circle Head CAC & above authorities – exempt from the
applicability of ………… Review. ANS : Rs. 5 , Annual
80. One-time review by CAM Wing will be done after ……….. months from the date of first disbursement. ANS : 6
81. Monthly Statement of Selected Operation Data (MSOD)- obtained from industrial borrowers enjoying WC limit of
Rs……….. lakhs and above. ANS : Rs. 10
82. Penalty for delay in submission of stock statement……..%? ANS : 2
83. Quarterly Operating Statement (QOS) & Half Yearly Operating Statement (HOS), Applicable to industrial
borrowers, exporters, traders with exposure of Rs……… Crore & above (FB+NFB). ANS : Rs. 5
84. Manager / SM in charge of branch, Credit Manager / SM of VLB/ELB/PCBs, to conduct Godown inspection …………in
respect of regular a/cs. ANS : Once in a year
85. W.r.t. a/c s classified under SMA (guidelines as applicable to erstwhile SWL A/cs)/ NPA accounts, the Manager /
Senior Manager in-charge of the branch or Credit Manager in PSB/ELB/VLB should conduct the godown inspection at least
…………? ANS : Once in 6 months.
86. CM, AGM, and DGM heading the branches shall conduct stock inspection at least ……….in respect of SMA 2
accounts (appearing for 3 months), HR A/cs (under Risk Rating) & NPA accounts. ANS : Once in a year
87. In case of PCBs, the DGM, heading the branch shall continue to conduct the stock inspection ………..in respect of
the Borrowal accounts classified SMA 2 accounts. ANS : Once in a year
88. In respect of branches other than PCBs, but headed by DGM, inspection of above borrowal a/cs with aggregate
exposure >= Rs.10 Cr, ……..to conduct stock inspection. ANS : DGM
89. Maximum Spread over MCLR, In case of WC/STL/TL – Maximum ………. bps over highest MCLR – Maximum Rate.
ANS : 700
90. The maximum exposure threshold revised from Rs.10 Cr to Rs………. for MSME including Agro and Food Processing
Units borrowers. ANS : Rs. 25 Cr
91. Under the Repo Linked Lending Rate system rates of interest on Loans and Advances are fixed based on ……….of
the borrower. ANS : Credit Risk rating
92. Concession of ……….% in applicable rate of interest in CGTMSE covered accounts up to an exposure of Rs.100 lakh
is available, subject to the condition that the ultimate interest rate shall not fall below RLLR in various cases. ANS :
0.25
93. A reduction of 0.50% in the applicable rate of interest on loans and advances to ………under Micro and Small
Enterprises. ANS : Women Entrepreneurs
H. MOST IMPORTANT QUESTIONS ON RETAIL LENDING
1. ABS ( AUDITED BALANCE SHEET ) need not be insisted for any of our RETAIL LENDING schemes irrespective of loan
quantum However this is not applicable for loans given under Traders’ scheme. TRUE / FALSE ? ANS : TRUE
2. Whenever, branch sanctions Retail Loans exceeding ………….. numbers in a month in any one Retail Scheme (Excluding
loans granted under Tie-up arrangements) authorization from the ………….is necessary. ANS : 25 , Circle Head
3. The status of Online Tracking of loan applications submitted by the borrower can be tracked through ………….package
which is in-house software developed by our DIT Wing. ANS : OLTS
4. All mortgage based Retail Loans to be mandatorily sanctioned at ………….or forwarded through RAHs to ……………for
sanction wherever the Branches are attached to RAHs. ANS : RAHs, RO/Circle/HO
5. Waiver of Salary credit /mandate in respect of Canara Vehicle and Housing loans may be permitted by …………in respect
of proposals falling upto their powers. ANS : DM/AGM RAH or DM/AGM-RO/CO-CAC
6. Canara Mortgage/Canara Rent proposal beyond Rs……….. Crore falling under HO powers shall be processed by…………?.
ANS : 5, Respective Credit Wings at HO
7. Proposals in respect of RETAIL LENDING Schemes of close relatives of our employees shall be sanctioned by…………..?
ANS : scale IV and above authorities
8. Cut-off limit for forwarding copies of application / credit report to CO Enhanced to above Rs ……….lacs for all branches
including VLB / ELB. ANS : Rs. 5 lakh
9. Sanctions made by Credit Manager/Senior Manager in VLB/ELB/ OR second line in ELBs and Manager/Senior Manager of
RAH (including under special package) to be also reviewed by……………?.
ANS : Respective Branch Head/RAH Head
10. REVIEW of Retail loan Sanctions made by in-charge of Branches/RAHs overseen by RO (including Loans permitted
under special package) shall be done by the …………….through the Credit review & Monitoring section of RO. ANS
: NHA, DGM/AGM/DM at RO
11. Sanctions made by DM-CM/AGM/DGMs at Branches / Ros and / Head of Retail HUBs (including under special
packages), to be reviewed by the…………., wherever Branches/RAHs are not overseen by RO.
ANS : Circle – level Review committee
12. Delegation Of Powers For Branches Having NPA Levels of More Than 5%, …………are authorized to permit & have
to review all mapped Branches to RAHs on quarterly basis duly analyzing the delinquency/ NPA levels before permitting
such RAH. ANS : Circle Heads.
13. Branches having NPA levels of more than 5% under any Retail Lending Schemes have NO powers to sanction the
loans under these schemes. The abovE proposals have to be sanctioned by ……………Authorities up to their respective
Delegated Powers. ANS : RO HEAD CAC and above
14. Credit Sanctions by Manager/Sr. Manager of RAHs , Credit sanctioning powers of RAHs are vested with
………….only. ANS : RAH-in-Charge
15. In case of Education Loan, Processing charges for More than 7.5 Lakhs- ………….% loan Amt Min Rs. ………..and Max
Rs. …………/- (Domestic & Abroad Studies). ANS : 0.5, Rs. 1000, Rs. 10000
16. Documentation Charges in case of RETAIL LENDING schemes -Rs ………../- per lakh with a Min Rs …………../-
Max………..?. ANS : Rs. 100, Rs. 1000, Rs. 25000
17. Under “CANARA VEHICLE”, Four Wheelers loans , Income Criteria-: Gross salary of not less than Rs. ……….lacs.a
(for Salaried borrower). & Gross annual income of Rs ………lacs as per latest ITR/ITAO subject to average gross annual
income (last 3 yrs) not less than 2.50 lakhs (for Non-Salaried borrower).
ANS : Rs. 3 lakh, Rs. 3 lakh
18. Under “CANARA VEHICLE”, Four Wheelers loans, Old vehicles not more than 5 years old. Maximum loan amount
Rs………… Lacs.
ANS : Rs. 15 lakh
19. Under “ CANARA VEHICLE “ , Two Wheeler loan scheme, Income Criteria-Salaried for Individuals , Min Gross
Salary Rs……… lakhs p.a. and NTH ……..%. ANS : Rs. 1.75, 35%
20. CANARA VEHICLE Loan To Agriculturist, …………….authorities are empowered to permit relaxation in NTH from 40%
to 25% with a minimum of Rs.1,00,000/-p.a. selectively. ANS : CGM/GM-HO-CAC & above
21. Under “ CANARA BUDGET “ loan scheme, ………………are empowered to permit relaxation in the qualifying service
for a confirmed employee from 3 years to 1 year. ANS : DGM-CO-CAC(DGM Heading) / GM-CO-CAC and above
authorities
22. Clean OD Facility under Canara Budget Loan, maximum of Rs……….. lakhs (subject to renewal once in 2 years)
may be extended to the Top Executives in the cadre of Secretary, Additional/ Joint Secretaries and above in Central
Governments. ANS : Rs. 3 lakh
23. Rate of Interest Concession in rate for Women Beneficiaries for OD Canara Budget is permitted ………….% from the
applicable ROI. ANS : 0.50%
24. ………….can permit individual Canara Budget loans either with Salary credit or with Salary Recovery mandate
selectively. ANS : Circle Head CO CAC
25. Under “CANARA BUDGET”, For waiver of undertaking letter from Employer to Not to Shift Salary on selective
basis where ever salary accounts are maintained, approval of …………..is required. ANS : CGM/GM-HO-CAC
26. Branch In charge of Small Branch can sanction “ CANARA BUDGET “ up to what amount ? ANS : 6 TIMES
OF MONTHLY GROSS SALARY , Max Rs. 6 lakh
27. Chief Manager of VLB /ELB/DM - RO -CAC /DM-CO-CAC can sanction “ CANARA BUDGET “ up to what amount ?
ANS : 10 TIMES OF MONTHLY GROSS SALARY , Max Rs. 5 lakh
28. Delegation of Power in case of Head of RAH, Under “CANARA MORTGAGE” , up to what amount loan can be
sanctioned ? ANS : Rs. 100 lakh
29. Under “CANARA MORTGAGE loan scheme, equitable mortgage of property acceptable to the Bank having clear
marketable title. Value of the property should be …………% of the loan amount. ANS : 200
30. Property mortgaged to Canara Mortgage and proposal for fresh Housing Loan, Education Loan and further Canara
Mortgage loan, this is permitted subject to maintaining LTV ratio of ……….% for Canara Mortgage Loan. ANS : 50%
31. Canara rent & Canara mortgage are classified under ………………and fall under non thrust areas. ANS :
Commercial Real Estate
32. Under “ CANARA RENT” ,Quantum:-Maximum ……….% of gross rentals receivables less TDS and Advance rent
taken. ANS : 75 %
33. Maximum quantum of loan under Canara Rent scheme is Rs. ………..crore for both individual and non-individual
customers. ANS : Rs. 5 crores
34. Under “ CANARA RENT “ loan scheme, Longer repayment period upto………….months or unexpired lease period for
Navratna, PSUs, AAA rated reputed company may be permitted by CGM/GM HO CAC and above authorities. ANS :
144
35. Under “CANARA RENT “loan scheme, EMT of at least …………% value of property is required. ANS : 100 %
36. Under “ CANARA RENT” , ………………..can permit waiver of Registration of Lease Deed provided tripartite
Agreement authorizing the lessee to remit lease rentals. ANS : Circle Head CO CAC and above authorities.
37. Under “CANARA CASH: loan scheme, Spouse of employee may be granted loan by next higher authority
substitution of securities should not be permitted for more than ………… occasions. ANS : 10
38. Under “CANARA CASH”, Maximum loan is Rs……… lakhs wherever demat accounts are maintained at our DPs.
ANS : Rs. 20 lakh
39. Under “ CANARA SITE “ loan scheme, Those who are in the business or profession for minimum period of 3 years
and whose net annual income is Rs………… lac or more as evidenced by the latest ITR are eligible. ANS : Rs. 1
lakh
40. Under “ CANARA SITE “ loan scheme, Loan Quantum:……… years gross salary / gross annual income OR …………% of
the project cost (whichever is less). No ceiling for maximum loan amount. ANS : 4, 75%
41. Under “ CANARA PENSION “ loan scheme, Loan amount is subject to NTH of ……….% of gross salary after
deducting the proposed EMI. ANS : 40 %
42. Canara Pension Scheme for Retired Employees of our Bank, Loan quantum is ………… months’ pension amount or
Rs………….. /- whichever is less, subject to NTH of ……….% of gross salary. ANS : 20, Rs. 10 lakh , 25 %
43. In case of Housing loan to businessmen/self- employed/professionals the applicant should have been in the
business/profession for a minimum period of ……….. years. ANS : 3
44. In case of HL, If entry age of the main borrower/s is less than 60 years and the loan is repayable within 75 years
of age, the loan may be permitted by the ………….upto their delegated power. ANS : Respective sanctioning
authority.
45. Under HL, where Entry age beyond 70 years, In case of non-existence of Legal heir/s, earning Close Relative/s to
join the loan as joint borrower/s. With minimum NTH of …….% or Rs. ………./- p.m whichever is higher. ANS : 40
%, Rs. 20000
46. In case of HL, If the Flat/ House is more than 20 years old can be permitted by …………upto their delegated
powers. ANS : CM of the Branch / RAH Head& above authority
47. Under HL, The House Flat of above 40 years shall be permitted by …………..upto their delegated powers.
ANS : CO Head CAC and above authorities
48. Composite Housing Loan ( purchase of plot and construction thereon) : restricted to ……… % of total loan amount
towards purchase of plot in all variants of Housing Loan. ANS : 60%
49. Restructured / Rescheduled Housing Loans should be risk weighted with an additional risk weight of ………..% to
the risk weights. ANS : 25%
50. Risk Weight & Standard Provisioning for CRE (RH): …………? ANS : 75% & 0.75%
51. NRI Housing loan scheme, Steady source of income and minimum employment in abroad is …….. years having
valid job contract/work permit. ANS : 2
52. NRI Housing loan scheme, ……….of annual gross income subject to NTH of ………..% after proposed EMI and
meeting the margin requirements.
ANS : Four times, 40%
53. NRI Housing loan scheme , For purchase of site & construction of house- holiday period is maximum …………
month. ANS : 24
54. Under NRI Housing loan scheme , ……………..can very selectively permit upto their delegated powers the waiver of
Guarantee and/or collateral security in case of loan for purchase of flat under constructions. ANS : Circle Head-
CO- CAC and above authorities
55. Under Housing Loan Scheme for Agriculturists, applicants who are not having dealings with us for the last 2 years
and in case of New branches - …………….can selectively relax the condition of 2 years satisfactory dealings. ANS :
Circle Head CAC
56. Entire loan together with interest including repayment holiday if any, shall be repaid in equated monthly
/Quarterly/half yearly / yearly max period ………. Years Under Housing Loan Scheme for Agriculturists. ANS : 30
57. Under Housing Loan Scheme for Agriculturists,, In case of repairs and renovation: Uniform Margin of ………….% on
Project cost irrespective of Housing Loan amount. ANS : 25%
58. Under PMAY loan scheme, A house is defined as an all-weather single unit or a unit in a multi storied super
structure having carpet area of upto ………….. sqm. for EWS. ANS : 30
59. A beneficiary is defined as a family comprising of Husband, Wife and Unmarried children and they should not own
a ………….in his/ her name or in the name of any member of the family in any part of India. ANS : Pucca house
60. Age of the beneficiaries shall be 21 years to 60 years. However, if the age of the Family Head/Beneficiary is more
than …………… years, the major legal heir to join the loan. ANS : 55
61. For L I G beneficiaries the annual house hold income shall be above Rs…………. Lakhs and up to Rs…………. lakhs
Under PMAY loan scheme. ANS : Rs. 3.00, Rs. 6 lakh
62. For Self Employed/Professional and other beneficiaries- Self declared income certificate/ Affidavit can be
obtained for annual income upto Rs……….., Under PMAY loan scheme. ANS : Rs. 2.50 lakh
63. Interest subsidy will be calculated for ………….. years or tenure of the loan whichever is less Under PMAY loan
scheme. ANS : 20
64. In case of construction of House/Flat Repayment to start one month after completion of House/Flat or …………
months of first disbursement whichever is earlier Under PMAY loan scheme. ANS : 18
65. Maximum ……….. Number Of Loan Disbursements Are Eligible For Claiming Subsidy In Respect Of Pmay (Urban) ,
Clss Housing Loan Accounts. ANS : 9
66. Housing Loan sanctioned under PMAY eligible for credit linked subsidy which is being managed by ……………?
ANS : National Housing Bank (NHB).
67. Though the total repayment period of the PMAY loan can be more than 20 years but interest subsidy is provided
for repayment period upto ……….. years only. ANS : 20
68. The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of ………….% and credited
to loan accounts upon disbursement, after claiming the same from NHB. ANS : 9%
69. Canara Home Loan Plus can be given for the purpose …………….but not for speculative purposes.
ANS : To meet domestic needs/medical expenses/Educational expenses of children /dependents / unforeseen
contigencies etc.
70. Under “CANARA HOME LOAN PLUS”, In case of Non salaried Class EMI Commitment shouldn’t be more than
…………% of Annual Income. ANS : 50 %
71. The entire “ CANARA HOME LOAN PLUS “ loan shall be repaid before the borrower attains the age of …………
years. ANS : 70
72. Under “ CANARA HOME LOAN PLUS”, loan scheme, Processing Charges: …………% of the loan amount with a
Minimum ofRs………… /- and Maximum of Rs………… /-
ANS : 0.50, Rs. 100, Rs. 500
73. The Home Improvement Loans can be sanctioned to Existing Housing Loan Borrowers upto ………..% of the total
Housing Loan sanctioned amount by taking mortgage of House property. ANS : 20 %
74. Under “ SWARN LOAN “ scheme, Minimum Amount: Rs ………./-, Maximum: Rs …………..lacs. However, the overall
maximum limit under non priority gold loans per customer is fixed at Rs. ………… Lakhs. ANS : Rs. 5000, Rs. 35
lakh , Rs. 35.00
75. Product code Under “ SWARN LOAN “ scheme is…………..? ANS : 952
76. Housing Loan to Corporates, Only External Risk Rating (ECR) to be conducted and ‘A’ rated and above corporate
with ………….years satisfactory dealings with us are eligible under the scheme. ANS : Three
77. Housing Loan to Corporates, Land purchase is not eligible in this product, only construction on own land is
permitted. TRUE / FALSE ? ANS : TRUE
78. As per Housing loan guidelines Minimum amount Rs…….. Lakhs under Housing Loan to Corporates. ANS : Rs. 50
lakh
79. Delegation of Powers, under Housing Loan to Corporates, ………… up to their delegated powers.
ANS : CGM/GM-HO-CAC and above authorities
80. Teacher Loan can be sanctioned , 10 months gross salary subject to a maximum of Rs ………….lakhs by …………..?
ANS : 3, CM/VLB, AGM/ELB, DM/AGMRO- CAC, DM-CO-CAC/AGM-CO-CAC and above authorities.
81. Teacher Loan can be sanctioned , ……………by branch incharge of small, medium & large branches as well as
Credit Managers/ Senior Managers in VLBs/ELBs. ANS : 6 months gross salary subject to a maximum of Rs.2 lacs
82. Under CANARA JEEVAN -REVERSE MORTGAGE LOAN FOR SENIOR CITIZENS, Loan can be given in joint names of
owner and spouse, irrespective of title of property, One person should be above ………. years and the other above …………
years. ANS ; 60 , 55
83. Under CANARA JEEVAN -REVERSE MORTGAGE LOAN FOR SENIOR CITIZENS, Residual life of property should be at
least ………. years/ Flat- age of flat not more than ………… years. ANS : 20, 10
84. Under CANARA JEEVAN -REVERSE MORTGAGE LOAN FOR SENIOR CITIZENS, Minimum loan quantum Rs…………. lakhs
and maximum Rs…………… lakhs for independent houses, for flat Rs…………. lakhs.
ANS : Rs. 5 lakh , Rs. 50 lakh , Rs. 25 lakh.
85. Under CANARA JEEVAN -REVERSE MORTGAGE LOAN FOR SENIOR CITIZENS,, after completion of documentation
etc. ……… business days given to senior citizen to cancel the transaction ie the RIGHT OF RECESSION. ANS : 3
86. Under Canara Home Loan Secure, ……….% of one time premium offered by CHOICE under group insurance plan
Term loan ……….( Max tenor of HL whichever is less). ANS : 100%, 2- year - 15 years
87. Under CANARA KUTEER loan scheme, Individual house hold Income in Rural, Urban, Metro areas and members of
Self Help Groups i. Up to ₹…………/- p.a., Above ₹1,00,000/- & up to ₹…………./- p.a. ANS : Rs. 1 lakh , Rs. 3 lakh
88. Under CANARA KUTEER loan scheme, Repayment is Not exceeding ………. years or ……….. years of age of the
borrower whichever is earlier. ANS : 30 , 75
89. Under CANARA HOME LOAN SUPER GAIN (CASA) SCHEME, Facility shall be made available to new as well as
existing Home Loan (sanctioned / outstanding amount) of ₹…………. lakhs and above.
ANS : Rs. 20 lakh
I. MOST IMPORATNT QUESTIONS IRAC NORMS

1. An asset would be classified as doubtful if it had remained in the sub standard category continuously for ………..
months, if the erosion in the value of securities is more than …………% of the value assessed by the bank.
ANS : 12, 50 %
2. As per Guidelines on running accounts, Accounts treated as out of order if the outstanding balance remains
continuously for ………. days in excess of the sanctioned limit/ drawing power. ANS : 90
3. As per Guidelines on running accounts, Stock statements relied upon for determining drawing powers should not be
older than ………….months. ANS : 3
4. As per the guidelines of Reserve Bank of India, provision is to be made based on the Asset Classification, In case of
“ STANDARD ASSETS “, Provision for Direct Advances to Agriculture & MSE (Micro & Small sectors),Individual
Housing Loan…………….? ANS : 0.25 %
“ STANDARD ASSETS “, Provision for Teaser Rate Housing Loan – till one year from date on which rates are reset at
higher rates if a/c remains standard …………….? ANS : 2 %
“ STANDARD ASSETS “, Provision for Restructured account under Resolution Framework 2.0…………….? ANS : 10%
“ SUB-STANDARD ASSETS “A general provision of ………..% on total outstanding should be made without making any
allowance for DICGS/ECGC guarantee cover and securities available. ANS : 15 %
8. The Sub Standard unsecured exposures would attract provision of ………% on the outstanding balance. ANS : 25
%
9. Infrastructure loans which are classified as Sub Standard will attract a provision of ……….% provided Banks have
appropriate mechanism to escrow the cash flows and have a clear & legal first claim on such cash flow. ANS : 20
%
10. Unsecured exposure is defined as an exposure with the realizable value of security as assessed by the
Bank/Approved Valuers/Reserve Bank inspecting Officers, is not more than ……..% ab initio, of the outstanding
exposure. ANS : 10 %
11. As per revised guidelines issued by RBI the infrastructure loan accounts which are classified as Sub Standard Assets
will attract a provisioning of ……….% instead of the current provision prescription of 25%. ANS : 20 %
12. Provisioning for Non reporting to CRILC, Secured Sub Standard upto 6 months- ………% & Above 6 months to 12
months- ………..%. ANS : 15% , 25%
“ DOUBTFUL ASSETS “, Provision for Doubtful more than 12 months upto 3 years(DA2):………...? ANS :
Deficit+40% of security
“ DOUBTFUL ASSETS “,Provisioning for NON reporting to CRILC: Secured DA I…….%, DA2-…………%. ANS : 40% , 100
%
15. All fraud cases reported under Loans and Advances should be classified as …………depending upon the
availability/enforceability of security. ANS : Doubtful or Loss Assets
16. The Basel III capital regulations continue to be based on ……………….. Pillar for computation of CRAR. ANS :
Supervisory Review of capital adequacy
17. Banks are required to maintain a minimum Pillar 1 Capital to Risk-weighted Assets Ratio (CRAR) of ………..% on an on-
going basis (other than Capital Conservation Buffer and Countercyclical Capital Buffer etc.). ANS : 9
18. As a matter of prudence, Common Equity Tier 1 (CET1) capital must be at least …………% of Risk-Weighted Assets
(RWAs). ANS : 5.5%
19. As a matter of prudence, Tier 1 capital must be at least ………….% of RWAs on an ongoing basis. ANS : 7
20. As a matter of prudence, Total Capital (Tier 1 Capital plus Tier 2 Capital) must be at least ………..% of RWAs on an
ongoing basis. ANS : 9 %
21. Under IRB (Internal Rating Based) approach where the total expected loss is less than total eligible provision than the
difference may be recognize the difference as Tier II up to a max of ………… % of credit RWAs calculated under IRB
approach. ANS : 0.6 %
22. The ECAI should have reviewed the Rating at least once during the previous ………. months as on the day it is reckoned
for capital adequacy purpose. ANS : 15
23. If there are two ratings accorded by ECAIs that map into different risk weights, the …………..of the two risk weights
should be applied. ANS : Higher
24. If an exposure has three or more ratings accorded by ECAIs with different risk weights, the ratings corresponding to
the …………..should be referred to and the higher of those two risk weights should be applied. ANS : Two
lowest risk weights
25. Rating assigned to one particular entity within a corporate group can be used to risk weight other entities within the
same group, Do you agree with this? ANS : NO
26. Restructured housing loans should be risk weighted with an a dditional risk weight of …………% to the risk weights.
ANS : 25 %
27. Whereas NPA is fully secured by the collateral that are not recognized for credit mitigation purposes, either
independently or along with other eligible collaterals, a ……….% risk weight may apply. ANS : 100 %
28. Claims denominated in domestic currency of the foreign sovereign met out of there sources in the same currency
raised in the jurisdiction of that sovereign will attract a risk weight of …………..percent. ANS : zero
29. The ……………is a process for assessing the overall capital adequacy of the Bank in relation to their risk profile and a
strategy for maintaining the capital levels. ANS : ICAAP (Internal Capital Adequacy Assessment Process).
30. BASEL committee designed , Liquidity Coverage Ratio(LCR): to strengthen the global liquidity regulations with the goal
of promoting a more resilient banking sector, Formula :………….? ANS : LCR = Stock Of High Quality Liquid
Assets(HQLA)/ Total Net Cash Outflows over the Next 30 Calendar Days.
J. MOST IMPORTANT QUESTIONS ON NPA, RECOVERY & LEGAL ASPECTS

1. The Recovery Committee at Regional Office shall submit the proceedings of the meeting to Circle Office for information
/ review within …….. days of conducting the meeting. ANS : 7
2. Branches shall arrange to issue SARFAESI Notice within ………..days of account becoming NPA. ANS : 3
3. Wherever, Securities (immovable properties) are insufficient to cover the dues, Branches shall engage …………to identify
other assets of the borrowers/ guarantors and note to file ABJ before DRT / Civil Court. ANS : Detective agency.
4. In case of action under SARFAESI, only the …………….authority (as per Delegation of Powers for filing suit) can defer the
action considering the justifiable reason, only under deserving cases. ANS : Circle Head CAC and above
5. Delegation of Power for permitting compromise in wilful defaulters lie only with the…………., irrespective of the liability
amount. ANS : CAC of the Board
6. Time Limit for Payment of Compromise Amount, The payment period may not ordinarily exceed a period of
………..months from the date of conveying the sanction. ANS : 12 to 18
7. The compromise amount shall carry interest at One Year MCLR prevailing on 01.04.2020 plus ………….% (Simple) from the
date of communicating the orders of acceptance to the party till the date of payment. ANS : 1.50
8. Compromise proposals shall be forwarded to the sanctioning authorities in the prescribed format, in ………….if exceeds
Rs.50,000. ANS : NF 724
9. In respect of loans where the value of individual mortgaged security is more than Rs. …………Cr, fresh valuation reports
from ……….empanelled valuers are to be obtained for such properties. ANS : Rs. 5.00, 2
10. As per RBI guidelines, while entering into OTS, it is to be ensured that the OTS amount is not less than the
……………of the estimated cash flows associated with the realizable value of the available securities net of the cost of
realization. ANS : Net Present Value (NPV)
11. Bank entertains OTS / Compromise proposals in respect of accounts /borrowers where CBI/Police case is pending.
In such cases, intimation of the settlement should be given to CBI/concerned Police authorities and ……….. days
thereafter. ANS : 15
12. The Review of Compromise/OTS Permitted by Various Authories below the level of ED-CAC shall be reviewed
………….Basis. ANS : Monthly
13. Accounts recommended for “WRITE OFF” should have completed …………. years or more from the date of advance
and continuing as NPA for a minimum period of ………. years and classified as loss assets. ANS : 5, 3
14. As per POLICY ON SALE OF STRESSED FINANCIAL ASSETS TO ASSET RECONSTRUCTION COMPANIES (ARCs) /
SECURITIZATION COMPANIES (SCs), All assets classified as ‘doubtful asset’ with a Book Liability of Rs.1.00 crores and
above shall be reviewed by the ……………on ………….basis. ANS : MC of the Board, Quarterly.
15. In case of the individual security having Original Realizable Value of more than Rs. ………. Cr, ……….valuations
from two different panel valuers to be obtained in case of SALE OF STRESSED FINANCIAL ASSETS TO ASSET
RECONSTRUCTION COMPANIES (ARCs) ANS : 5 crores, 2
16. Prudential norms for banks for the purchase / sale transactions, The nonperforming financial asset purchased,
may be classified as ‘standard’ in the books of the purchasing bank for a period of ………. days from the date of
purchase. ANS : 90
17. For the purpose of capital adequacy, banks should assign ………….% risk weights to the nonperforming financial
assets purchased from other banks. ANS : 100 %
18. In case Criminal Action against Wilful Defaulters…………. is empowered to permit to initiate criminal proceedings
based on the facts of individual case. ANS : , The Grievance Redressal Committee (GRC)
19. In case Criminal Action against Wilful Defaulters, Borrowers classified as Wilful Defaulters by GRC with liability of
Rs.25 lacs and above upto Rs.3.00 crs, Complaint to be lodged with……………….?
ANS : Senior officer of the State CID/Economic Offences Wing of the State concerned.
20. Bank should report information on their Non - cooperative borrowers to Central Repository of Information on
Large Credits(CRILC) under CRILC Main returns every quarter within ………. days from the close of the relevant quarter
as advised by RBI. ANS : 21
21. The policy for publication is restricted to “willful defaulters” with a liability of above Rupees ………….and be
considered only in “exceptional circumstances.” ANS : Ten Lacs
22. Branches to entrust the recovery to BCAs only after obtaining permission from the Circle and …………….is only
empowered to permit the Branches for engaging the services of BCA as per the recovery policy. ANS : Circle Head
23. CREDIT AUDIT, Applicable for loans [FB (TL+ WC) & NFB] of Rs……. crores and above. ANS : Rs. 3 crores
24. Credit audit of the group accounts/sister concerns/associates shall be carried out even if the limit is less than
the cut off limit of Rs………. crore. ANS : Rs. 3 crores
25. Circle to allocate and conduct credit audit in respect of accounts with limits less than Rs…………. crore in about
………..% of the accounts on randomly selected basis. ANS : Rs. 3.00, 5 %
26. Conduct audit after ……….. months of first disbursement but before ………… months of disbursement. ANS : 3, 6
27. In case of Limits/Loans of aggregate exposure below Rs……….. Crore, Circle can allot the credit audit to internal
auditors or external auditors. ANS : Rs. 5 crores
28. The internal Auditors so identified by Circle Office for the credit audit shall be of Scale …………? ANS : III/IV/V.
29. Where additional credit facilities are permitted frequently, in such cases credit audit shall be restricted to
maximum ………. times in a year preferably with a gap of ………. months between 2 audits. ANS : 2, 6
30. Remuneration to panel advocate under legal Audit with maximum of Rs…………./- depending on the work involved
plus out of pocket expenses, if any. ANS : Rs. 5000
31. Nominating Credit Monitoring Officers and formation of Credit Monitoring Cell is mandatory at branches with
Fund Based/Non-Fund Based Limits of Rs…………. lacs and above. ANS : Rs. 50 lakh
32. Regional office shall mandatorily conduct meet of CMOs every calendar ………………? ANS : Quarter.
33. RBI has implemented the new frame work on stressed accounts. The thrust is on identification of the stress in the
accounts due to financial as well as non-financial parameters under concept of …………….?
ANS : Special Mention accounts-SMA
34. In addition to general classification of SMA 0,1,2 (based on days of overdue), the new sub categories devised on
the basis of liability /exposure, …………, All borrowers with aggregate Exposure of less than or equal to Rs…….. lakh.
ANS : SMA –A , Rs. 5 lakh
35. SMA D & E accounts shall be individually reviewed at Slippage Management Committee meeting held monthly &
convened by ……….. ANS : GM, CA&M Wing, Head office.
36. SMA data as on the month end is generated by DIT before 3rd of succeeding month and made available in CBS
reports. The same is available in BO:………….?. ANS : 280150 and 280150A
37. CRILC-Main Report on all borrower entities having aggregate exposure of Rs ………. crore and above is to be
submitted on a …………basis. ANS : Rs. 5 crores, Monthly
38. The Bank have to report to CRILC, all borrower entities in default with aggregate exposure of Rs.5 crore and
above, on a…………, at the close of business every ………..? ANS : Weekly basis, Friday.
39. In the case of Doubtful and Loss accounts with book liability exceeding Rs. ………….the Authorized Officer may
utilize the service of …………..empanelled with the Bank in taking possession of the immovable properties under “
SARFAESI ACT “ ANS : Rs. 50 Lacs, Resolution Agents
40. In case of appeal by party against DRT decree, he has to deposit ………….% of the amount of debt due or debt
determined by DRT which ever is less, and appeal to DRAT within ……….. days. ANS : 50 , 30
Wherever the value of the individual mortgaged/hypothecated security is more than Rs………… Cr, valuations from
………..different SARFAESI Panel Valuers to be obtained for fixing Reserve Price. ANS : Rs. 5 crores , 2
41. In respect of Loans & Advances sanctioned by Branches, the ………..is empowered to Fix Reserve Price under
“SARFAESI ACT”. ANS : Next higher authority at RO / CO
42. Under “ SARFAESI ACT” Publication in 2 newspapers (one regional and one national): TWICE, i.e. first time,
within …….. days after taking possession and second time: publication of ……….. Days sale notice. ANS : 7, 30
43. In the event of failure of auction held for the first time, the reduction in RP ( Reserve Price ) for subsequent
auction should not be more than ……….% of the RP (Reserve Price ) fixed earlier Under “ SARFAESI ACT. ANS
: 10%
44. Circle Head CAC can fix RP (Reserve Price ) below………% and Up to …………% of Realisable Value of Security, for
loans and advances falling under their power. ANS : 80% , 75 %
45. Lok Adalat is a legal authority constituted under ………….Act to encourage settlement of disputes in a conciliatory
manner without going to Courts. ANS : Legal Services Authorities
46. Permanent LokAdalats are established under ………….which are empowered to entertain the matters of civil and
criminal in nature. ANS : Section 22 B (1) of the Legal Services Authorities Act
47. If there is a default in complying with the orders of Lok-Adalat, then the order can be executed through …………or
any other appropriate forum having jurisdiction. ANS : Ordinary Civil Court
48. DRT headed by Presiding officer (Qualified to be a Dis. Judge and appointed by central govt. for …………years,
max age ………. years), Assisted by Registrar and Recovery Officer. ANS : 5, 65
49. On receipt of applications, DRT issues summons within………. days to defendants and within …….. days’ party can
file written statement of his defence. ANS : 30, 30
50. DRT is expected to dispose of the application within ………. hearings. DRAT is expected to dispose of the appeal
with in ……….. months from the date of receipt of appeal. ANS : 2 , 6
51. Limiting period of review of DRAT order is ………..days. ANS : 30
52. Presently application fee for filing an application under IBC by bank is Rs…………….? . ANS : Rs. 25000
53. Within ……….days of filing of application for insolvency resolution process, NCLT will pass order admiting the
application. ANS : 14
K. MOST IMPORTANT QUESTIONS ON LEGAL ASPECTS OF BANKING
1. Negotiable Instruments recognized as per NI Act, sec……? ANS : 13

2. If neither Bearer nor Order is written on negotiable instrument, it is treated as payable to………...? ANS : Order
3. As per………., No person other than Central Government or Reserve Bank of India or any other person authorized in this
behalf, can issue bearer promissory notes and demand bills of exchange payable to bearer. ANS : Section 31
of RBI Act, 1934
4. A cheque with impossible date like 31-06-2010 should be paid on …………..? ANS : The last day of the month or
within 3 months of the last day of the month.
5. If the Payee Is Fictitious Person: Cheque can be paid to bearer if it is payable to bearer. If cheque is payable to order,
it can be paid only to…..? ANS : Drawer
6. General Crossing is direction to ………to pay the cheque or draft through some bank. ANS : PAYING BANKER
7. In case of Dishonor of cheques due to insufficient funds, Maximum punishment: ………imprisonment or twice the amount
of cheque or both. ANS : 2 years
8. As per Supreme Court judgement, cheques dishonoured on account of the payment being stopped by the drawer or
account being closed will attract penalty under …….? ANS : Sec 138.
9. Complaint should be made in the court of a metropolitan magistrate or a Judicial magistrate of first class or above
within ……..of the date of cause of action, ie payment not made with in 15 days. ANS : One month
10. …………..empowers the court to provide interim compensation to the complainant which could be up to …………% of
cheque amount during the pendency of court proceedings. ANS : Section 143A, 20
11. If in a bill of exchange or promissory note, interest rate is not mentioned, it will be …………% p.a. ANS : 18%
12. In case of Usance Bills, Usance period up to …… months, NO stamp duty is levied if the bill is for genuine trade
transaction and bank is a party to the bill. ANS : 3
13. A cheque which contains the extract mirror image of a paper cheque, with the use of digital signatures
called……….? ANS : Electronic Cheque.
14. Sec 19(2) of BR Act, No Banking Company can hold shares in another company whether as pledge, mortgagee or
absolute owner of an amount exceeding ………..% of the paid up share capital of that company. ANS : 30
15. Return of Paid Instruments to customers after a true copy of all relevant parts of such instruments and by taking
undertaking letter from the party to preserve the instrument for …… years. ANS : 8
16. Sec …………. of Indian Contract Act: Minor is not competent for contract and contract with minor is void ab initio.
ANS : 11
17. A Minor can not become a partner but can be admitted to benefits of partnership firm. On attaining majority,
within …….. Months, he has to exercise his option to continue in partnership. ANS : 6
18. Minor can open and operate accounts on attaining …… years age and he is literate. ANS : 10
19. As per Sec 6 of the Hindu Minority and Guardianship Act, 1956,._______is the natural guardian of a Hindu Minor
boy or an unmarried girl and after him, the mother. ANS : Father
20. Guardian appointed by father of a minor, is called as …………..and testamentary guardian will come into picture
only after death of father. ANS : Testamentary Guardian
21. In case of accounts Payable jointly till both are alive, if one or the two expires, the bank would pay balance to
………..along with legal heirs of deceased person. ANS : Survivor
22. If the account is having debit balance, operations should be stopped to decide the liability of the deceased
/insolvent/retired partner. Otherwise, the rule in …………….will apply. ANS : Clayton’s case
23. Affairs of the Public limited company will be managed by Min…….Directors & maximum no ceiling. ANS : 3
24. Charges created on a company’s assets (except pledge) have to be registered with Registrar of Companies with in
……….. days of creation of the charge. ANS : 30
25. Section …………is used for Safe Depositor Lockers Nomination facility. ANS : 45ZE&ZF
26. In case of Joint Lockers with joint Operations, there can be ……. nominees. ANS : 2
27. After receiving ombudsman’s award, the customer has to furnish letter of acceptance within ……….. days from
the date of receipt of copy of award. ANS : 30
28. If bank is aggrieved on the ombudsman’s award, it can make application for review to appellate authority
(Deputy Governor, RBI) within ……… days of the date of receipt of award. ANS : 30
29. Under Consumer Protection Act, A consumer can file complaint within ….. years from the date of action. ANS : 2
30. Under Consumer Protection Act, Jurisdiction -District Forum – Upto Rs ……. lacs, State Commission – upto Rs ……
lacs and National Commission Above Rs …… lacs. ANS : 20, 100, 100
31. Under Consumer Protection Act, Penalty for frivolous nature or for non-compliance of orders - Imprisonment for
not less than ………. month and up to ………. years or fine not less than Rs…………. and upto Rs……… or both.
ANS : 1, 3 , 2000, 10,000
32. Under Consumer Protection Act , Appeal against judgement of District forum before state commission by deposit
of Rs………../- or 50% of claim whichever is less. ANS : Rs. 25000
33. Under Consumer Protection Act , Appeal against State Commission to National Commission by deposit of Rs.
………./- or 50% of the claim amount whichever is less. ANS : Rs. 35,000
34. Under Consumer Protection Act , In case of Non-compliance, Fine up to Rs. ……….. to Rs. …………./-, Imprisonment
of …… month to …… months or both. ANS : 2000, 10000, 1, 3
35. Under Consumer Protection Act, Admission of complaint, within ………. days from the date on which the complaint
was received will be done. ANS : 21
36. Under Consumer Protection Act, Limitation period for lodging the complaint is ………. years from the date of
cause of action arises. ANS : 2
37. An undertaking by the owner of assets for not selling certain assets and not creating any charge on these assets
without permission from the creditor is a type of……………. Lien. ANS : Negative Lien
38. General Lien is as per sec ………. of Indian Contract Act available for a series of loans. ANS : 171
39. …………..Applies to balance in the account at the time of receipt of order. Future credits are not covered.
ANS : Garnishee Order
L.MOST IMPORTANT QUESTIONS ON FOREX

1. The Foreign Exchange Management Act 1999 (FEMA) was enacted on December 02,1999 to Replace…………….. The act
came into force on …………..?ANS : Foreign Exchange Regulation Act (FERA) 1973, June 01,2000.
2. NRE Joint accounts may be permitted to be opened, with resident relative(s) on …………. basis.ANS: ‘former or
survivor’
3. For FCNR/RFC term deposits remaining overdue for a period of three years from the date of maturity of the deposit,
at the end of the third year, the balances lying in the foreign currency shall be converted into Indian Rupee at the
exchange rate………...?ANS : TT Buying
4. INR proceeds of FCY deposits, already crystallized and parked in any other GL, are to be transferred to the GL Code
………… (SD Overdue FCY deposits).ANS : 240004200
5. Financial assistance extended to the exporters prior to shipment of goods falls within the scope of…………...?
ANS : Pre-shipment finance.
6. Financial assistance extended after the shipment of goods falls within the scope of………...?
ANS : Post-shipment finance
7. Export finance (both at the pre-shipment and post-shipment stages) in India is governed by the …………?
ANS : Foreign Exchange Management Act (FEMA).
8. Packing Credit is normally extended as ………….advance secured by way of hypothecation or pledge of goods.
ANS : Fund-based
9. The maximum period for which PC can be granted at concessional rate of interest as per Reserve Bank of India
directives is ………. days.ANS : 180
10.The ostensible date for delinking (TT selling rate) shall be the ………….. day from the expiry of the NTP in case of
unpaid sight bills and the ……….. day from the expiry of Notional Due date in case of unpaid usance bills.
ANS : 15th, 15th
11.The entire Merchanting trade transaction should be completed within an overall period of ………..months and there
should not be any outlay of Foreign Exchange beyond four months.ANS : 9
12.In purchase transaction, The foreign currency amount of the bill is purchased at ……………and the resultant Rupee
equivalent is financed.ANS : Spot Bill buying rate
13.As per …………..Negotiation means the purchase by the Nominated Bank of drafts (drawn on a bank other than the
nominated bank)ANS : Article 2 of UCP 600,
14.With effect from 01.09.2021, branches shall submit request for obtention of status report/OPL on overseas entity
to………...?ANS : CPC-FT
15.………….issues Importer-Exporter Code in electronic form (e-IEC).ANS : DGFT
16.Import Licences/ Authorisations are normally issued for the …………of the goods to be imported.ANS : CIF value
17.As per ………., in terms of which, rejection of documents should be communicated to the negotiating bank within
……………..following the date of presentation of documents.ANS : Article 14 (b) of UCP-600, 5 banking days
18.Payment of import bills in foreign currency drawn under LC is to be made by applying …………….ruling on the date of
retirement.ANS : Bill Selling Rate
19.The format of the undertaking (Form 15CA), which is to be filed electronically and format of the certificate from the
accountant (Form 15CB) have been modified vide Rule………….?.ANS : 37BB of Income Tax Rules 1962
20.e-UCP refers to ……………………….?ANS : Supplement to UCP 600 for Electronic Presentation.
21.URR725 refers to………………….?ANS : Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits.
22.DOCDEX Rules refers to………………….?ANS : Documentary Credit Dispute Resolution Expertise (ICC 577).
23.The …………..defines the Applicant as the party on whose request a Credit is issued.ANS : UCP 600 Article 2
24.………..the confirming bank undertake to honour the presentation that complies with the terms and conditions of the
Documentary Credit when the documents are presented to any other nominated bank or the confirming bank.
ANS : As per Sub article (a) of Article 8 of UCP 600
25.Where the seller is not a manufacturer or producer of the goods, he may request his bank to open a letter of credit in
favour of his supplier on the strength of the LC already received in his favour called……………?
ANS : Back to Back LC
26.The Inco-terms rules are the …………..on the use of Domestic and International trade terms which facilitates the
conduct of global trade.ANS : ICC rules
27.Credit extended by the overseas suppliers to the importer in India for selling their goods is known as ……………under
which the supplier will ship the goods allowing the importer to make payment later in one or more instalments.ANS :
Supplier’s Credit
28.Under…………., the buyer (Indian importer) may avail Foreign Currency loans from a Bank/lending institution outside
India for maturity up to 5 years and settle the payment of imports.ANS : Buyer’s credit system
29.Individuals can avail of Foreign Exchange facility for the following purposes within the limit of USD ………….only.
ANS : 250,000
30.AD Banks can release forex to residents in India as per rules ………….of FEMAANS : u/s Sec 5
31.In case of Surrender of unused/unspent Forex, Currency notes &traveller’s cheques to surrender within …………. days
of return.ANS : 180
32.Retention of unused forex permitted up to ………..or its equivalent. There is no restriction for resident for holding
coins.ANS : US$2000
33.Under LRS scheme, PAN card need not be insisted upon for remittances made towards permissible current account
transactions upto USD…………..?.ANS : 25,000
34.Branch/office which maintain Nostro Account and Position account in gin foreign currency/ i.e,s area “A” category
branch of a bank. …………….is the only “A” category branch in our bank.ANS : Integrated Treasury
35.Integrated Treasury Mumbai maintains …………. Nostro Accounts maintained by our bank.ANS : 22
36.Presently, our Bank maintains Nostro accounts in ………..Foreign currencies.ANS : 11
37.In case of Outward remittances against import documents received directly by the importer, which rate is applied
?ANS : TT SELLING RATE
38.Under Method of Delivery of Forex, When the delivery has to take place at a date further than the spotdate, then it’s
a………….?.ANS : Forward transaction
39.In the interbank market, the rates are quoted both for buying & sellinglike this (63.20/40). The thumb rule for the
bank is…………?.ANS : ‘by low Sell high’
40.The risk of default/delay in settlement by another banker indomestic/overseas interbank market is known
as………….?ANS : Counter party risk
41.In the revised guidelines RBI has introduced ……………i.e. an exposure to the exchange rate of INR against a foreign
currency on account of permissible current and capital account transactions under FEMA.ANS : “Anticipated Exposure”
42.For contracts involving INR, user shall be allowed to book forward contracts upto …………..equivalent of notional value
(outstanding at any point in time) without the need to establish an underlying.ANS : USD 10 Million
43.Foreign Exchange transactions with customers can be broadly classified as, “Ready” or “Cash” contract shall be
deliverable on the ……………day.ANS : Same
44.Foreign Exchange transactions with customers can be broadly classified as, “Value next day” contract shall be
deliverable on the …………….ANS : day immediately succeeding business day of the contract date.
45.Foreign Exchange transactions with customers can be broadly classified as, A “SPOT” contract shall be deliverable on
ANS : second succeeding business day following the day when the transaction is closed.
46.Booking of forward contracts is subject to Foreign Exchange Regulations prescribed by RBI under …………….and
provisions of FEDAI Rules 5 and 6.ANS : Foreign Exchange Management Act (FEMA), 1999
47.Whenever Foreign Exchange is bought from the customer for a future date, it is “termed as …………….?ANS : “Forward
Purchase Contract”
48.Whenever Foreign Exchange is sold to the customer for a future date it is termed as ………………?ANS : “Forward Sale
Contract”.
49.‘If the forward contract remains outstanding for three working days beyond maturity and no instruction is received for
cancellation……………. shall cancel the contract on the …………..during the last one hour of trading time.’ANS : , CPC-
FT, 3rd working day
50.In the absence of any instructions from the customer, a contract which has matured is to be cancelled on the
…………after the maturity date without fail.ANS : Third working day
51.Resident Individuals, Firms and Companies, to hedge their Foreign Exchange exposures a rising out of actual or
anticipated Remittances, both in ward and outward, can book forward contracts, without production of underlying
documents,upto a limit of …………….based on self-declaration.ANS : USD 1,000,000 (USD one million),
52.Currency rates are determined by the forces of demand & supply Absolute difference between the selling & buying
rate is known as ‘……………ANS : SPREAD’
53.ICC International Chamber of Commerce is a non Govt organization that services world trade, ICC has printed
documents such as…………?.ANS : UCPDC & ISBP
54.A person (including a resident) can bring any amount of forex from abroad, which may be in the form of currency
notes, travellers’ cheques, If the amount exceeds US $ ……………..or its equivalent in TC/Currency, has to declare in
the form of CDF.ANS : USD 10,000
55.The bonds issued for rupee denominated borrowings by Indian entities in overseas markets. The International Finance
corporations issued Rs 1,000 crore bonds named it…………..?ANS : Masala bonds
56.A product for outward remittances in non-position currencies through SWIFT- arrangement with JP Morgan Chase Bank
for using their product ……………?ANS : “Access FX”.
57.Incremental export credit over corresponding date of the preceding year, up to ……….. per cent of ANBC or CEOBE
whichever is higher, subject to a sanctioned limit of up to ₹……….. Crore per borrower.ANS : 2 Rs.40
58.For ensuring smooth flow of transaction/documents (soft copy) from branches to CPC-FT and within CPC-FT a new
……………..is introduced for work flow management.ANS : Document Management Solution (DMS)
59.…………….shall act as centralised back office for entire forex (Exports, Imports, Remittance, etc.) business being
handled by all our Designated Branches, Forex Cells, Foreign Departments and C Category branches.ANS : CPC-FT
60.w.e.f 05.06.2021, our Bank has introduced…………, an Electronic Document Management Solution meant for processing
of Forex related transactions.ANS : FX4U
61.Online request made through FX4U shall be routed directly to ………….and the same shall be processed at CPC-FT with
minimal intervention of branches.ANS : CPC-FT
62.Direct Upload Request Form Facility In ………….. is Introduced For Processing Of Forex Transaction At CPC-FT.
ANS : “FX4U”
63.Use of ……………is mandatory for sending and receiving Inland Letter of Credit and Inland Bank Guarantee (BG) by
issuing Bank to the beneficiary through an advising bank.ANS : SFMS
64.Customers can submit online request relating to Forex transactions inclusive of export, import and Forex remittances
and provision is also made available to upload the supporting documents while submitting such requests
through……………...?ANS : FX4U
65.All forex Transactions are being centralized at centralized processing cell – Forex transactions (CPCFT) and
implemented at ………….. w.e.f ………..ANS : Integrated Treasury Wing, Mumbai , 01.04.2019.

Super Hot Questions Bank

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Super Hot Questions Bank

Uploaded by

Copyright:

Available Formats

PROMOTION MADE EASY & FAST

SUPER HOT QUESTIONS – NOV :2021

A.) MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR):

Scheme Revised Rate of Interest Compounding

Sl No Type of Transaction Unit Revised Rates

A. MOST IMPORTANT QUESTIONS ON KYC

B. MOST IMPORTANT QUESTIONS ON DEPOSIT

C. MOST IMPORTANT QUESTIONS ON PRIORITY SECTOR

D. MOST IMPORTANT QUESTIONS ON AGRICULTURE

E. MOST IMPORTANT QUESTIONS ON GOVT SPONSORED SCHEMES

F. MOST IMPORTANT QUESTIONS ON MSME

G. MOST IMPORTANT QUESTIONS ON GENERAL ADVANCES

H. MOST IMPORTANT QUESTIONS ON RETAIL LENDING

I. MOST IMPORATNT QUESTIONS IRAC NORMS

J. MOST IMPORTANT QUESTIONS ON NPA, RECOVERY & LEGAL ASPECTS

K. MOST IMPORTANT QUESTIONS ON LEGAL ASPECTS OF BANKING

1. Negotiable Instruments recognized as per NI Act, sec……? ANS : 13

L.MOST IMPORTANT QUESTIONS ON FOREX

You might also like